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%12.6%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,151,587
2 years$596,859$585,743$574,970$564,524$554,393$541,668
3 years$393,953$382,789$372,043$361,696$351,729$339,313
4 years$292,520$281,391$270,752$260,582$250,856$238,844
5 years$231,677$220,614$210,115$200,152$190,697$179,123
6 years$191,127$180,148$169,804$160,063$150,892$139,772
7 years$162,175$151,288$141,108$131,597$122,716$112,053
8 years$140,471$129,682$119,671$110,393$101,804$91,598
9 years$123,598$112,911$103,072$94,030$85,734$75,981
10 years$110,108$99,526$89,861$81,055$73,050$63,744
11 years$99,078$88,602$79,112$70,542$62,825$53,958
12 years$89,893$79,524$70,210$61,875$54,443$46,006
13 years$82,127$71,867$62,728$54,626$47,475$39,458
14 years$75,476$65,325$56,361$48,491$41,617$34,008
15 years$69,718$59,675$50,887$43,246$36,643$29,430
16 years$64,684$54,751$46,136$38,722$32,385$25,557
17 years$60,246$50,424$41,982$34,791$28,715$22,258
18 years$56,307$46,594$38,324$31,354$25,532$19,434
19 years$52,786$43,183$35,084$28,331$22,757$17,005
20 years$49,621$40,127$32,198$25,659$20,327$14,906
21 years$46,761$37,377$29,616$23,287$18,190$13,088
22 years$44,165$34,890$27,296$21,173$16,305$11,507
23 years$41,798$32,632$25,203$19,283$14,636$10,130
24 years$39,631$30,574$23,309$17,587$13,155$8,926
25 years$37,641$28,692$21,588$16,062$11,838$7,873
26 years$35,807$26,966$20,022$14,686$10,663$6,950
27 years$34,112$25,378$18,592$13,442$9,614$6,139
28 years$32,540$23,914$17,284$12,316$8,675$5,427
29 years$31,080$22,560$16,084$11,294$7,833$4,799
30 years$29,719$21,305$14,982$10,365$7,078$4,247
31 years$28,449$20,141$13,967$9,520$6,399$3,759
32 years$27,261$19,057$13,032$8,749$5,788$3,329
33 years$26,146$18,047$12,168$8,045$5,238$2,949
34 years$25,100$17,105$11,369$7,402$4,743$2,613
35 years$24,116$16,224$10,629$6,814$4,296$2,316
36 years$23,188$15,399$9,943$6,276$3,892$2,053
37 years$22,313$14,625$9,307$5,782$3,528$1,820
38 years$21,485$13,899$8,715$5,330$3,198$1,614
39 years$20,702$13,217$8,165$4,914$2,900$1,432
40 years$19,961$12,575$7,653$4,533$2,630$1,270
41 years$19,257$11,970$7,176$4,182$2,386$1,127
42 years$18,588$11,400$6,732$3,859$2,165$1,000
43 years$17,952$10,862$6,317$3,563$1,965$887
44 years$17,347$10,353$5,929$3,290$1,784$788
45 years$16,770$9,873$5,567$3,038$1,619$699
46 years$16,220$9,418$5,229$2,806$1,470$621
47 years$15,695$8,988$4,913$2,593$1,335$551
48 years$15,193$8,580$4,617$2,396$1,213$489
49 years$14,714$8,194$4,339$2,214$1,101$434
50 years$14,255$7,827$4,080$2,046$1,000$385

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 $6,979 every year, while hoping to spend $45,275 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: 57/21/22 Blend
53$14,600,000$14,600,000$14,600,000$14,600,000
54$16,096,399$15,322,599$15,096,299$16,918,107
55$17,690,059$16,025,234$15,553,853$18,182,164
56$19,444,756$16,760,781$16,025,217$19,553,681
57$21,376,866$17,530,804$16,510,807$21,047,473
58$23,504,437$18,336,944$17,011,049$22,675,332
59$25,847,354$19,180,919$17,526,385$24,450,230
60$28,427,532$20,064,532$18,057,266$26,386,430
61$31,269,116$20,989,669$18,604,160$28,499,623
62$34,398,713$21,958,311$19,167,547$30,807,066
63$37,845,644$22,972,530$19,747,922$33,327,746
64$41,642,217$24,034,502$20,345,795$36,082,553
65$45,824,035$25,146,504$20,961,690$39,094,471
66$50,430,329$26,310,925$21,596,149$42,388,793
67$55,504,330$27,530,268$22,249,728$45,993,351
68$61,093,678$28,807,158$22,923,001$49,938,779
69$67,250,869$30,144,344$23,616,556$54,258,791
70$74,033,750$31,544,709$24,331,004$58,990,499
71$81,506,069$33,011,277$25,066,969$64,174,751
72$89,738,073$34,547,214$25,825,097$69,856,518
73$98,807,170$36,155,841$26,606,051$76,085,305
74$108,798,662$37,840,638$27,410,515$82,915,617
75$119,806,552$39,605,256$28,239,194$90,407,465
76$131,934,425$41,453,518$29,092,811$98,626,921
77$145,296,430$43,389,434$29,972,114$107,646,742
78$160,018,358$45,417,208$30,877,872$117,547,042
79$176,238,826$47,541,247$31,810,876$128,416,043
80$194,110,587$49,766,169$32,771,941$140,350,898
81$213,801,973$52,096,817$33,761,908$153,458,602
82$235,498,482$54,538,268$34,781,639$167,856,989
83$259,404,528$57,095,845$35,832,026$183,675,834
84$285,745,376$59,775,127$36,913,984$201,058,072
85$314,769,260$62,581,964$38,028,458$220,161,133
86$346,749,732$65,522,488$39,176,419$241,158,418
87$381,988,244$68,603,129$40,358,868$264,240,926
88$420,816,990$71,830,628$41,576,836$289,619,040
89$463,602,046$75,212,052$42,831,383$317,524,505
90$510,746,822$78,754,809$44,123,601$348,212,600
91$562,695,872$82,466,669$45,454,616$381,964,535
92$619,939,090$86,355,775$46,825,585$419,090,090
93$683,016,336$90,430,667$48,237,701$459,930,525
94$752,522,531$94,700,298$49,692,192$504,861,785
95$829,113,271$99,174,055$51,190,322$554,298,031
96$913,511,020$103,861,778$52,733,393$608,695,537
97$1,006,511,927$108,773,789$54,322,745$668,556,975
98$1,108,993,344$113,920,905$55,959,758$734,436,142
99$1,221,922,108$119,314,473$57,645,853$806,943,168
100$1,346,363,666$124,966,385$59,382,492$886,750,258