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%18.3%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,125,156
2 years$596,859$585,743$574,970$564,524$554,393$515,417
3 years$393,953$382,789$372,043$361,696$351,729$314,071
4 years$292,520$281,391$270,752$260,582$250,856$214,803
5 years$231,677$220,614$210,115$200,152$190,697$156,344
6 years$191,127$180,148$169,804$160,063$150,892$118,268
7 years$162,175$151,288$141,108$131,597$122,716$91,815
8 years$140,471$129,682$119,671$110,393$101,804$72,604
9 years$123,598$112,911$103,072$94,030$85,734$58,198
10 years$110,108$99,526$89,861$81,055$73,050$47,134
11 years$99,078$88,602$79,112$70,542$62,825$38,481
12 years$89,893$79,524$70,210$61,875$54,443$31,614
13 years$82,127$71,867$62,728$54,626$47,475$26,104
14 years$75,476$65,325$56,361$48,491$41,617$21,641
15 years$69,718$59,675$50,887$43,246$36,643$18,001
16 years$64,684$54,751$46,136$38,722$32,385$15,013
17 years$60,246$50,424$41,982$34,791$28,715$12,549
18 years$56,307$46,594$38,324$31,354$25,532$10,509
19 years$52,786$43,183$35,084$28,331$22,757$8,814
20 years$49,621$40,127$32,198$25,659$20,327$7,401
21 years$46,761$37,377$29,616$23,287$18,190$6,222
22 years$44,165$34,890$27,296$21,173$16,305$5,235
23 years$41,798$32,632$25,203$19,283$14,636$4,408
24 years$39,631$30,574$23,309$17,587$13,155$3,714
25 years$37,641$28,692$21,588$16,062$11,838$3,130
26 years$35,807$26,966$20,022$14,686$10,663$2,640
27 years$34,112$25,378$18,592$13,442$9,614$2,227
28 years$32,540$23,914$17,284$12,316$8,675$1,879
29 years$31,080$22,560$16,084$11,294$7,833$1,586
30 years$29,719$21,305$14,982$10,365$7,078$1,339
31 years$28,449$20,141$13,967$9,520$6,399$1,131
32 years$27,261$19,057$13,032$8,749$5,788$955
33 years$26,146$18,047$12,168$8,045$5,238$807
34 years$25,100$17,105$11,369$7,402$4,743$682
35 years$24,116$16,224$10,629$6,814$4,296$576
36 years$23,188$15,399$9,943$6,276$3,892$487
37 years$22,313$14,625$9,307$5,782$3,528$411
38 years$21,485$13,899$8,715$5,330$3,198$348
39 years$20,702$13,217$8,165$4,914$2,900$294
40 years$19,961$12,575$7,653$4,533$2,630$248
41 years$19,257$11,970$7,176$4,182$2,386$210
42 years$18,588$11,400$6,732$3,859$2,165$177
43 years$17,952$10,862$6,317$3,563$1,965$150
44 years$17,347$10,353$5,929$3,290$1,784$127
45 years$16,770$9,873$5,567$3,038$1,619$107
46 years$16,220$9,418$5,229$2,806$1,470$90
47 years$15,695$8,988$4,913$2,593$1,335$76
48 years$15,193$8,580$4,617$2,396$1,213$65
49 years$14,714$8,194$4,339$2,214$1,101$55
50 years$14,255$7,827$4,080$2,046$1,000$46

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 $4,674 every year, while hoping to spend $46,472 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: 73/15/12 Blend
53$14,600,000$14,600,000$14,600,000$14,600,000
54$16,094,021$15,320,221$15,093,921$17,229,167
55$17,686,166$16,021,466$15,550,122$18,681,560
56$19,439,151$16,755,515$16,020,047$20,265,684
57$21,369,334$17,523,925$16,504,109$21,999,519
58$23,494,739$18,328,330$17,002,729$23,897,877
59$25,835,226$19,170,442$17,516,344$25,977,056
60$28,412,679$20,052,053$18,045,402$28,255,001
61$31,251,214$20,975,045$18,590,364$30,751,464
62$34,377,403$21,941,388$19,151,707$33,488,190
63$37,820,528$22,953,146$19,729,919$36,489,123
64$41,612,856$24,012,484$20,325,505$39,780,622
65$45,789,942$25,121,670$20,938,984$43,391,711
66$50,390,967$26,283,083$21,570,891$47,354,352
67$55,459,106$27,499,214$22,221,776$51,703,735
68$61,041,935$28,772,676$22,892,206$56,478,618
69$67,191,881$30,106,206$23,582,764$61,721,678
70$73,966,718$31,502,675$24,294,051$67,479,918
71$81,430,108$32,965,091$25,026,687$73,805,102
72$89,652,206$34,496,607$25,781,307$80,754,242
73$98,710,318$36,100,528$26,558,569$88,390,131
74$108,689,636$37,780,320$27,359,147$96,781,930
75$119,684,037$39,539,614$28,183,736$106,005,817
76$131,796,971$41,382,216$29,033,053$116,145,702
77$145,142,436$43,312,119$29,907,834$127,294,012
78$159,846,057$45,333,506$30,808,840$139,552,559
79$176,046,269$47,450,762$31,736,850$153,033,497
80$193,895,624$49,668,485$32,692,670$167,860,370
81$213,562,231$51,991,494$33,677,128$184,169,277
82$235,231,344$54,424,842$34,691,077$202,110,148
83$259,107,108$56,973,826$35,735,394$221,848,153
84$285,414,487$59,643,998$36,810,985$243,565,252
85$314,401,391$62,441,181$37,918,779$267,461,911
86$346,341,010$65,371,475$39,059,735$293,758,979
87$381,534,396$68,441,281$40,234,840$322,699,770
88$420,313,306$71,657,305$41,445,108$354,552,352
89$463,043,330$75,026,580$42,691,586$389,612,062
90$510,127,346$78,556,478$43,975,350$428,204,295
91$562,009,319$82,254,730$45,297,508$470,687,558
92$619,178,497$86,129,439$46,659,202$517,456,845
93$682,174,024$90,189,102$48,061,606$568,947,362
94$751,590,034$94,442,627$49,505,929$625,638,617
95$828,081,256$98,899,354$50,993,416$688,058,937
96$912,369,197$103,569,075$52,525,348$756,790,447
97$1,005,248,953$108,462,058$54,103,045$832,474,549
98$1,107,596,714$113,589,066$55,727,865$915,817,966
99$1,220,378,036$118,961,388$57,401,206$1,007,599,399
100$1,344,656,957$124,590,857$59,124,508$1,108,676,863