Can I retire at age 54 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,154,470
2 years$596,859$585,743$574,970$564,524$554,393$544,561
3 years$393,953$382,789$372,043$361,696$351,729$342,126
4 years$292,520$281,391$270,752$260,582$250,856$241,555
5 years$231,677$220,614$210,115$200,152$190,697$181,725
6 years$191,127$180,148$169,804$160,063$150,892$142,260
7 years$162,175$151,288$141,108$131,597$122,716$114,428
8 years$140,471$129,682$119,671$110,393$101,804$93,862
9 years$123,598$112,911$103,072$94,030$85,734$78,133
10 years$110,108$99,526$89,861$81,055$73,050$65,786
11 years$99,078$88,602$79,112$70,542$62,825$55,894
12 years$89,893$79,524$70,210$61,875$54,443$47,838
13 years$82,127$71,867$62,728$54,626$47,475$41,188
14 years$75,476$65,325$56,361$48,491$41,617$35,640
15 years$69,718$59,675$50,887$43,246$36,643$30,968
16 years$64,684$54,751$46,136$38,722$32,385$27,003
17 years$60,246$50,424$41,982$34,791$28,715$23,617
18 years$56,307$46,594$38,324$31,354$25,532$20,708
19 years$52,786$43,183$35,084$28,331$22,757$18,198
20 years$49,621$40,127$32,198$25,659$20,327$16,023
21 years$46,761$37,377$29,616$23,287$18,190$14,131
22 years$44,165$34,890$27,296$21,173$16,305$12,480
23 years$41,798$32,632$25,203$19,283$14,636$11,037
24 years$39,631$30,574$23,309$17,587$13,155$9,771
25 years$37,641$28,692$21,588$16,062$11,838$8,658
26 years$35,807$26,966$20,022$14,686$10,663$7,679
27 years$34,112$25,378$18,592$13,442$9,614$6,816
28 years$32,540$23,914$17,284$12,316$8,675$6,054
29 years$31,080$22,560$16,084$11,294$7,833$5,380
30 years$29,719$21,305$14,982$10,365$7,078$4,784
31 years$28,449$20,141$13,967$9,520$6,399$4,255
32 years$27,261$19,057$13,032$8,749$5,788$3,787
33 years$26,146$18,047$12,168$8,045$5,238$3,371
34 years$25,100$17,105$11,369$7,402$4,743$3,002
35 years$24,116$16,224$10,629$6,814$4,296$2,674
36 years$23,188$15,399$9,943$6,276$3,892$2,383
37 years$22,313$14,625$9,307$5,782$3,528$2,124
38 years$21,485$13,899$8,715$5,330$3,198$1,893
39 years$20,702$13,217$8,165$4,914$2,900$1,688
40 years$19,961$12,575$7,653$4,533$2,630$1,505
41 years$19,257$11,970$7,176$4,182$2,386$1,342
42 years$18,588$11,400$6,732$3,859$2,165$1,197
43 years$17,952$10,862$6,317$3,563$1,965$1,068
44 years$17,347$10,353$5,929$3,290$1,784$953
45 years$16,770$9,873$5,567$3,038$1,619$850
46 years$16,220$9,418$5,229$2,806$1,470$758
47 years$15,695$8,988$4,913$2,593$1,335$677
48 years$15,193$8,580$4,617$2,396$1,213$604
49 years$14,714$8,194$4,339$2,214$1,101$539
50 years$14,255$7,827$4,080$2,046$1,000$481

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,600,000, adding $4,372 every year, while hoping to spend $23,285 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: 41/48/11 Blend
53$14,600,000$14,600,000$14,600,000$14,600,000
54$16,093,710$15,319,910$15,093,610$16,700,947
55$17,710,493$16,045,810$15,574,471$17,853,635
56$19,491,408$16,806,499$16,070,660$19,097,773
57$21,453,171$17,603,657$16,582,667$20,443,785
58$23,614,204$18,439,046$17,110,995$21,900,938
59$25,994,805$19,314,512$17,656,166$23,479,393
60$28,617,344$20,231,992$18,218,717$25,190,293
61$31,506,471$21,193,517$18,799,202$27,045,861
62$34,689,349$22,201,218$19,398,193$29,059,507
63$38,195,911$23,257,325$20,016,280$31,245,948
64$42,059,142$24,364,182$20,654,074$33,621,334
65$46,315,391$25,524,244$21,312,201$36,203,397
66$51,004,713$26,740,084$21,991,312$39,011,604
67$56,171,248$28,014,402$22,692,076$42,067,335
68$61,863,637$29,350,030$23,415,182$45,394,070
69$68,135,482$30,749,936$24,161,345$49,017,604
70$75,045,851$32,217,232$24,931,300$52,966,275
71$82,659,835$33,755,183$25,725,805$57,271,223
72$91,049,163$35,367,212$26,545,644$61,966,670
73$100,292,880$37,056,908$27,391,626$67,090,229
74$110,478,092$38,828,036$28,264,584$72,683,246
75$121,700,790$40,684,541$29,165,380$78,791,177
76$134,066,751$42,630,565$30,094,901$85,464,000
77$147,692,544$44,670,446$31,054,064$92,756,673
78$162,706,623$46,808,738$32,043,815$100,729,634
79$179,250,546$49,050,214$33,065,131$109,449,355
80$197,480,307$51,399,879$34,119,017$118,988,953
81$217,567,808$53,862,983$35,206,514$129,428,859
82$239,702,487$56,445,031$36,328,694$140,857,558
83$264,093,099$59,151,797$37,486,665$153,372,403
84$290,969,695$61,989,334$38,681,567$167,080,514
85$320,585,784$64,963,992$39,914,581$182,099,764
86$353,220,736$68,082,430$41,186,921$198,559,866
87$389,182,413$71,351,630$42,499,844$216,603,579
88$428,810,074$74,778,915$43,854,644$236,388,021
89$472,477,586$78,371,966$45,252,659$258,086,132
90$520,596,943$82,138,836$46,695,267$281,888,272
91$573,622,164$86,087,972$48,183,891$308,003,990
92$632,053,574$90,228,232$49,720,001$336,663,971
93$696,442,529$94,568,906$51,305,111$368,122,178
94$767,396,622$99,119,737$52,940,787$402,658,217
95$845,585,416$103,890,943$54,628,643$440,579,941
96$931,746,769$108,893,240$56,370,343$482,226,311
97$1,026,693,797$114,137,866$58,167,606$527,970,565
98$1,131,322,551$119,636,607$60,022,207$578,223,693
99$1,246,620,476$125,401,826$61,935,976$633,438,276
100$1,373,675,734$131,446,485$63,910,801$694,112,708