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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.3%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,157,858
2 years$596,859$585,743$574,970$564,524$554,393$547,969
3 years$393,953$382,789$372,043$361,696$351,729$345,447
4 years$292,520$281,391$270,752$260,582$250,856$244,763
5 years$231,677$220,614$210,115$200,152$190,697$184,812
6 years$191,127$180,148$169,804$160,063$150,892$145,222
7 years$162,175$151,288$141,108$131,597$122,716$117,264
8 years$140,471$129,682$119,671$110,393$101,804$96,571
9 years$123,598$112,911$103,072$94,030$85,734$80,718
10 years$110,108$99,526$89,861$81,055$73,050$68,248
11 years$99,078$88,602$79,112$70,542$62,825$58,235
12 years$89,893$79,524$70,210$61,875$54,443$50,060
13 years$82,127$71,867$62,728$54,626$47,475$43,296
14 years$75,476$65,325$56,361$48,491$41,617$37,636
15 years$69,718$59,675$50,887$43,246$36,643$32,855
16 years$64,684$54,751$46,136$38,722$32,385$28,786
17 years$60,246$50,424$41,982$34,791$28,715$25,298
18 years$56,307$46,594$38,324$31,354$25,532$22,292
19 years$52,786$43,183$35,084$28,331$22,757$19,688
20 years$49,621$40,127$32,198$25,659$20,327$17,423
21 years$46,761$37,377$29,616$23,287$18,190$15,445
22 years$44,165$34,890$27,296$21,173$16,305$13,713
23 years$41,798$32,632$25,203$19,283$14,636$12,191
24 years$39,631$30,574$23,309$17,587$13,155$10,851
25 years$37,641$28,692$21,588$16,062$11,838$9,667
26 years$35,807$26,966$20,022$14,686$10,663$8,621
27 years$34,112$25,378$18,592$13,442$9,614$7,695
28 years$32,540$23,914$17,284$12,316$8,675$6,872
29 years$31,080$22,560$16,084$11,294$7,833$6,142
30 years$29,719$21,305$14,982$10,365$7,078$5,492
31 years$28,449$20,141$13,967$9,520$6,399$4,914
32 years$27,261$19,057$13,032$8,749$5,788$4,398
33 years$26,146$18,047$12,168$8,045$5,238$3,938
34 years$25,100$17,105$11,369$7,402$4,743$3,527
35 years$24,116$16,224$10,629$6,814$4,296$3,161
36 years$23,188$15,399$9,943$6,276$3,892$2,833
37 years$22,313$14,625$9,307$5,782$3,528$2,540
38 years$21,485$13,899$8,715$5,330$3,198$2,277
39 years$20,702$13,217$8,165$4,914$2,900$2,042
40 years$19,961$12,575$7,653$4,533$2,630$1,832
41 years$19,257$11,970$7,176$4,182$2,386$1,644
42 years$18,588$11,400$6,732$3,859$2,165$1,475
43 years$17,952$10,862$6,317$3,563$1,965$1,324
44 years$17,347$10,353$5,929$3,290$1,784$1,188
45 years$16,770$9,873$5,567$3,038$1,619$1,067
46 years$16,220$9,418$5,229$2,806$1,470$957
47 years$15,695$8,988$4,913$2,593$1,335$860
48 years$15,193$8,580$4,617$2,396$1,213$772
49 years$14,714$8,194$4,339$2,214$1,101$693
50 years$14,255$7,827$4,080$2,046$1,000$622

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 $4,675 every year, while hoping to spend $48,204 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: 46/30/24 Blend
53$14,600,000$14,600,000$14,600,000$14,600,000
54$16,094,022$15,320,222$15,093,922$16,723,216
55$17,684,324$16,019,624$15,548,280$17,866,081
56$19,435,221$16,751,682$16,016,243$19,100,211
57$21,363,042$17,517,943$16,498,216$20,438,269
58$23,485,783$18,320,033$16,994,617$21,889,993
59$25,823,270$19,159,652$17,505,874$23,466,076
60$28,397,352$20,038,583$18,032,429$25,178,263
61$31,232,103$20,958,695$18,574,737$27,039,460
62$34,354,053$21,921,946$19,133,266$29,063,847
63$37,792,435$22,930,390$19,708,498$31,267,010
64$41,579,461$23,986,177$20,300,931$33,666,076
65$45,750,628$25,091,561$20,911,074$36,279,877
66$50,345,050$26,248,907$21,539,454$39,129,115
67$55,405,832$27,460,690$22,186,612$42,236,554
68$60,980,469$28,729,506$22,853,106$45,627,226
69$67,121,302$30,058,076$23,539,509$49,328,662
70$73,886,005$31,449,252$24,246,413$53,371,143
71$81,338,135$32,906,023$24,974,426$57,787,978
72$89,547,729$34,431,523$25,724,174$62,615,812
73$98,591,965$36,029,035$26,496,300$67,894,962
74$108,555,889$37,702,001$27,291,470$73,669,788
75$119,533,221$39,454,030$28,110,366$79,989,102
76$131,627,236$41,288,905$28,953,690$86,906,623
77$144,951,743$43,210,589$29,822,167$94,481,469
78$159,632,152$45,223,240$30,716,541$102,778,707
79$175,806,667$47,331,214$31,637,581$111,869,955
80$193,627,581$49,539,078$32,586,074$121,834,049
81$213,262,720$51,851,618$33,562,833$132,757,770
82$234,897,025$54,273,855$34,568,696$144,736,656
83$258,734,297$56,811,049$35,604,522$157,875,887
84$284,999,120$59,468,715$36,671,198$172,291,265
85$313,938,984$62,252,636$37,769,637$188,110,294
86$345,826,617$65,168,872$38,900,777$205,473,366
87$380,962,564$68,223,779$40,065,584$224,535,072
88$419,678,018$71,424,017$41,265,054$245,465,646
89$462,337,953$74,776,571$42,500,211$268,452,550
90$509,344,564$78,288,762$43,772,107$293,702,232
91$561,141,066$81,968,268$45,081,829$321,442,052
92$618,215,876$85,823,134$46,430,492$351,922,407
93$681,107,227$89,861,800$47,819,245$385,419,080
94$750,408,246$94,093,110$49,249,272$422,235,815
95$826,772,554$98,526,339$50,721,789$462,707,168
96$910,920,435$103,171,210$52,238,050$507,201,635
97$1,003,645,638$108,037,918$53,799,343$556,125,112
98$1,105,822,868$113,137,151$55,406,996$609,924,698
99$1,218,416,045$118,480,115$57,062,374$669,092,890
100$1,342,487,402$124,078,562$58,766,885$734,172,200