Can I retire at age 54 with 14,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,135,228
2 years$592,771$581,731$571,031$560,658$550,595$529,491
3 years$391,255$380,167$369,495$359,219$349,320$328,791
4 years$290,517$279,463$268,898$258,797$249,138$229,342
5 years$230,090$219,103$208,676$198,781$189,391$170,385
6 years$189,818$178,914$168,641$158,967$149,859$131,664
7 years$161,064$150,252$140,141$130,695$121,875$104,497
8 years$139,508$128,793$118,851$109,637$101,107$84,541
9 years$122,752$112,138$102,366$93,386$85,147$69,383
10 years$109,354$98,844$89,245$80,500$72,549$57,574
11 years$98,400$87,995$78,570$70,059$62,395$48,190
12 years$89,277$78,980$69,729$61,451$54,070$40,617
13 years$81,565$71,374$62,298$54,252$47,150$34,428
14 years$74,959$64,877$55,975$48,159$41,332$29,317
15 years$69,240$59,267$50,538$42,949$36,392$25,061
16 years$64,240$54,376$45,820$38,457$32,163$21,492
17 years$59,834$50,078$41,695$34,553$28,518$18,481
18 years$55,921$46,275$38,062$31,139$25,357$15,928
19 years$52,424$42,887$34,844$28,137$22,601$13,754
20 years$49,281$39,852$31,978$25,483$20,188$11,897
21 years$46,441$37,121$29,413$23,128$18,066$10,305
22 years$43,862$34,651$27,109$21,028$16,193$8,937
23 years$41,511$32,408$25,030$19,151$14,536$7,759
24 years$39,360$30,365$23,149$17,467$13,065$6,742
25 years$37,383$28,496$21,441$15,952$11,757$5,863
26 years$35,562$26,781$19,885$14,585$10,590$5,102
27 years$33,878$25,204$18,465$13,350$9,548$4,442
28 years$32,317$23,750$17,166$12,232$8,615$3,870
29 years$30,867$22,405$15,974$11,217$7,779$3,373
30 years$29,516$21,160$14,879$10,294$7,029$2,940
31 years$28,254$20,003$13,871$9,454$6,355$2,564
32 years$27,074$18,927$12,942$8,689$5,749$2,237
33 years$25,967$17,924$12,084$7,990$5,202$1,952
34 years$24,928$16,988$11,291$7,352$4,710$1,704
35 years$23,951$16,113$10,556$6,768$4,266$1,488
36 years$23,029$15,293$9,875$6,233$3,865$1,299
37 years$22,160$14,525$9,243$5,743$3,503$1,134
38 years$21,338$13,804$8,656$5,293$3,176$991
39 years$20,561$13,126$8,109$4,881$2,880$865
40 years$19,824$12,489$7,601$4,502$2,612$756
41 years$19,125$11,888$7,127$4,153$2,370$660
42 years$18,461$11,322$6,686$3,833$2,151$577
43 years$17,829$10,787$6,273$3,538$1,952$504
44 years$17,228$10,282$5,889$3,267$1,772$440
45 years$16,655$9,805$5,529$3,017$1,608$385
46 years$16,109$9,354$5,193$2,787$1,460$336
47 years$15,588$8,926$4,879$2,575$1,326$294
48 years$15,089$8,521$4,585$2,379$1,204$257
49 years$14,613$8,138$4,310$2,199$1,094$224
50 years$14,157$7,773$4,052$2,032$993$196

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,500,000, adding $3,349 every year, while hoping to spend $47,713 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 61/18/21 Blend
53$14,500,000$14,500,000$14,500,000$14,500,000
54$15,982,454$15,213,954$14,989,204$16,869,337
55$17,561,899$15,908,672$15,440,577$18,164,444
56$19,300,847$16,635,832$15,905,470$19,571,725
57$21,215,518$17,396,972$16,384,289$21,106,573
58$23,323,785$18,193,708$16,877,446$22,781,397
59$25,645,339$19,027,728$17,385,369$24,609,846
60$28,201,882$19,900,805$17,908,497$26,606,938
61$31,017,325$20,814,795$18,447,283$28,789,196
62$34,118,017$21,771,645$19,002,191$31,174,800
63$37,532,992$22,773,393$19,573,702$33,783,758
64$41,294,246$23,822,177$20,162,310$36,638,088
65$45,437,033$24,920,238$20,768,521$39,762,023
66$50,000,204$26,069,924$21,392,861$43,182,235
67$55,026,569$27,273,694$22,035,866$46,928,084
68$60,563,304$28,534,130$22,698,091$51,031,890
69$66,662,392$29,853,933$23,380,109$55,529,233
70$73,381,118$31,235,938$24,082,505$60,459,283
71$80,782,608$32,683,115$24,805,884$65,865,166
72$88,936,423$34,198,577$25,550,871$71,794,366
73$97,919,219$35,785,587$26,318,105$78,299,168
74$107,815,464$37,447,566$27,108,247$85,437,144
75$118,718,244$39,188,100$27,921,976$93,271,691
76$130,730,134$41,010,946$28,759,991$101,872,625
77$143,964,170$42,920,044$29,623,013$111,316,829
78$158,544,913$44,919,524$30,511,782$121,688,980
79$174,609,629$47,013,716$31,427,061$133,082,330
80$192,309,580$49,207,156$32,369,636$145,599,591
81$211,811,453$51,504,603$33,340,315$159,353,887
82$233,298,936$53,911,043$34,339,930$174,469,818
83$256,974,447$56,431,704$35,369,338$191,084,627
84$283,061,050$59,072,067$36,429,420$209,349,489
85$311,804,555$61,837,876$37,521,084$229,430,924
86$343,475,843$64,735,156$38,645,263$251,512,365
87$378,373,420$67,770,219$39,802,921$275,795,873
88$416,826,236$70,949,687$40,995,045$302,504,042
89$459,196,788$74,280,498$42,222,656$331,882,080
90$505,884,547$77,769,929$43,486,801$364,200,122
91$557,329,723$81,425,607$44,788,561$399,755,760
92$614,017,422$85,255,529$46,129,045$438,876,844
93$676,482,228$89,268,080$47,509,397$481,924,564
94$745,313,249$93,472,049$48,930,795$529,296,845
95$821,159,673$97,876,652$50,394,450$581,432,088
96$904,736,903$102,491,551$51,901,607$638,813,297
97$996,833,308$107,326,878$53,453,552$701,972,620
98$1,098,317,662$112,393,252$55,051,603$771,496,358
99$1,210,147,353$117,701,811$56,697,121$848,030,484
100$1,333,377,413$123,264,229$58,391,505$932,286,720