Can I retire at age 54 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,158,993
2 years$600,947$589,755$578,908$568,391$558,190$544,896
3 years$396,652$385,411$374,592$364,174$354,139$341,168
4 years$294,524$283,318$272,607$262,367$252,575$240,028
5 years$233,263$222,125$211,554$201,523$192,003$179,918
6 years$192,436$181,382$170,967$161,159$151,926$140,316
7 years$163,286$152,324$142,074$132,498$123,556$112,426
8 years$141,433$130,570$120,490$111,149$102,502$91,851
9 years$124,445$113,684$103,778$94,674$86,321$76,146
10 years$110,862$100,207$90,476$81,610$73,550$63,843
11 years$99,757$89,209$79,654$71,025$63,256$54,009
12 years$90,509$80,069$70,691$62,299$54,816$46,020
13 years$82,690$72,359$63,158$55,001$47,801$39,444
14 years$75,993$65,772$56,747$48,823$41,902$33,974
15 years$70,195$60,084$51,235$43,542$36,894$29,381
16 years$65,127$55,126$46,452$38,987$32,607$25,497
17 years$60,659$50,769$42,270$35,029$28,911$22,190
18 years$56,692$46,913$38,587$31,569$25,707$19,361
19 years$53,147$43,478$35,324$28,525$22,913$16,928
20 years$49,961$40,402$32,419$25,835$20,466$14,828
21 years$47,081$37,633$29,819$23,447$18,315$13,010
22 years$44,467$35,129$27,483$21,318$16,417$11,430
23 years$42,084$32,856$25,376$19,415$14,737$10,054
24 years$39,903$30,784$23,468$17,708$13,246$8,853
25 years$37,899$28,889$21,736$16,172$11,919$7,802
26 years$36,052$27,151$20,159$14,787$10,736$6,882
27 years$34,345$25,552$18,720$13,535$9,680$6,074
28 years$32,763$24,078$17,402$12,401$8,734$5,365
29 years$31,293$22,714$16,194$11,372$7,887$4,741
30 years$29,923$21,451$15,084$10,436$7,126$4,191
31 years$28,644$20,279$14,063$9,585$6,443$3,707
32 years$27,447$19,188$13,121$8,809$5,828$3,280
33 years$26,326$18,171$12,251$8,100$5,274$2,903
34 years$25,272$17,222$11,447$7,453$4,775$2,570
35 years$24,281$16,335$10,702$6,861$4,325$2,276
36 years$23,347$15,504$10,011$6,319$3,919$2,016
37 years$22,466$14,725$9,370$5,822$3,552$1,786
38 years$21,633$13,994$8,775$5,366$3,220$1,583
39 years$20,844$13,307$8,221$4,948$2,920$1,403
40 years$20,097$12,661$7,706$4,564$2,648$1,243
41 years$19,388$12,052$7,225$4,211$2,403$1,102
42 years$18,715$11,478$6,778$3,886$2,180$977
43 years$18,075$10,936$6,360$3,587$1,979$866
44 years$17,466$10,424$5,970$3,312$1,796$768
45 years$16,885$9,941$5,606$3,059$1,631$681
46 years$16,331$9,483$5,265$2,825$1,480$604
47 years$15,803$9,050$4,946$2,610$1,344$536
48 years$15,298$8,639$4,648$2,412$1,221$475
49 years$14,815$8,250$4,369$2,229$1,109$422
50 years$14,352$7,881$4,107$2,060$1,007$374

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,700,000, adding $2,193 every year, while hoping to spend $22,042 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: 35/50/15 Blend
53$14,700,000$14,700,000$14,700,000$14,700,000
54$16,201,662$15,422,562$15,194,712$16,693,528
55$17,830,779$16,154,815$15,680,282$17,782,897
56$19,625,327$16,922,210$16,181,381$18,955,284
57$21,602,157$17,726,445$16,698,504$20,219,785
58$23,779,838$18,569,301$17,232,164$21,584,577
59$26,178,831$19,452,647$17,782,891$23,058,613
60$28,821,686$20,378,440$18,351,232$24,651,702
61$31,733,249$21,348,735$18,937,749$26,374,592
62$34,940,901$22,365,684$19,543,025$28,239,065
63$38,474,816$23,431,545$20,167,659$30,258,034
64$42,368,244$24,548,687$20,812,272$32,445,663
65$46,657,824$25,719,593$21,477,503$34,817,485
66$51,383,935$26,946,865$22,164,012$37,390,542
67$56,591,069$28,233,235$22,872,479$40,183,533
68$62,328,260$29,581,565$23,603,609$43,216,979
69$68,649,538$30,994,857$24,358,126$46,513,409
70$75,614,447$32,476,261$25,136,778$50,097,556
71$83,288,599$34,029,077$25,940,339$53,996,577
72$91,744,302$35,656,767$26,769,606$58,240,301
73$101,061,235$37,362,962$27,625,402$62,861,493
74$111,327,204$39,151,471$28,508,576$67,896,148
75$122,638,970$41,026,284$29,420,004$73,383,817
76$135,103,162$42,991,589$30,360,592$79,367,963
77$148,837,285$45,051,778$31,331,273$85,896,355
78$163,970,827$47,211,454$32,333,009$93,021,502
79$180,646,483$49,475,446$33,366,796$100,801,128
80$199,021,501$51,848,820$34,433,660$109,298,698
81$219,269,166$54,336,884$35,534,660$118,584,000
82$241,580,438$56,945,209$36,670,889$128,733,776
83$266,165,754$59,679,635$37,843,474$139,832,430
84$293,257,011$62,546,287$39,053,581$151,972,798
85$323,109,760$65,551,589$40,302,410$165,257,003
86$356,005,617$68,702,278$41,591,202$179,797,388
87$392,254,919$72,005,419$42,921,236$195,717,556
88$432,199,656$75,468,421$44,293,834$213,153,503
89$476,216,702$79,099,053$45,710,357$232,254,874
90$524,721,365$82,905,466$47,172,214$253,186,349
91$578,171,316$86,896,206$48,680,855$276,129,158
92$637,070,906$91,080,236$50,237,780$301,282,763
93$701,975,927$95,466,957$51,844,534$328,866,704
94$773,498,859$100,066,225$53,502,714$359,122,631
95$852,314,655$104,888,382$55,213,966$392,316,553
96$939,167,107$109,944,270$56,979,991$428,741,301
97$1,034,875,874$115,245,262$58,802,544$468,719,256
98$1,140,344,218$120,803,284$60,683,434$512,605,342
99$1,256,567,530$126,630,847$62,624,530$560,790,331
100$1,384,642,728$132,741,068$64,627,762$613,704,485