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

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,127,918
2 years$600,947$589,755$578,908$568,391$558,190$514,092
3 years$396,652$385,411$374,592$364,174$354,139$311,611
4 years$294,524$283,318$272,607$262,367$252,575$211,941
5 years$233,263$222,125$211,554$201,523$192,003$153,369
6 years$192,436$181,382$170,967$161,159$151,926$115,317
7 years$163,286$152,324$142,074$132,498$123,556$88,963
8 years$141,433$130,570$120,490$111,149$102,502$69,891
9 years$124,445$113,684$103,778$94,674$86,321$55,648
10 years$110,862$100,207$90,476$81,610$73,550$44,757
11 years$99,757$89,209$79,654$71,025$63,256$36,279
12 years$90,509$80,069$70,691$62,299$54,816$29,587
13 years$82,690$72,359$63,158$55,001$47,801$24,247
14 years$75,993$65,772$56,747$48,823$41,902$19,948
15 years$70,195$60,084$51,235$43,542$36,894$16,463
16 years$65,127$55,126$46,452$38,987$32,607$13,622
17 years$60,659$50,769$42,270$35,029$28,911$11,294
18 years$56,692$46,913$38,587$31,569$25,707$9,381
19 years$53,147$43,478$35,324$28,525$22,913$7,802
20 years$49,961$40,402$32,419$25,835$20,466$6,497
21 years$47,081$37,633$29,819$23,447$18,315$5,415
22 years$44,467$35,129$27,483$21,318$16,417$4,517
23 years$42,084$32,856$25,376$19,415$14,737$3,771
24 years$39,903$30,784$23,468$17,708$13,246$3,149
25 years$37,899$28,889$21,736$16,172$11,919$2,631
26 years$36,052$27,151$20,159$14,787$10,736$2,199
27 years$34,345$25,552$18,720$13,535$9,680$1,839
28 years$32,763$24,078$17,402$12,401$8,734$1,538
29 years$31,293$22,714$16,194$11,372$7,887$1,287
30 years$29,923$21,451$15,084$10,436$7,126$1,077
31 years$28,644$20,279$14,063$9,585$6,443$901
32 years$27,447$19,188$13,121$8,809$5,828$754
33 years$26,326$18,171$12,251$8,100$5,274$631
34 years$25,272$17,222$11,447$7,453$4,775$528
35 years$24,281$16,335$10,702$6,861$4,325$442
36 years$23,347$15,504$10,011$6,319$3,919$370
37 years$22,466$14,725$9,370$5,822$3,552$310
38 years$21,633$13,994$8,775$5,366$3,220$260
39 years$20,844$13,307$8,221$4,948$2,920$217
40 years$20,097$12,661$7,706$4,564$2,648$182
41 years$19,388$12,052$7,225$4,211$2,403$152
42 years$18,715$11,478$6,778$3,886$2,180$128
43 years$18,075$10,936$6,360$3,587$1,979$107
44 years$17,466$10,424$5,970$3,312$1,796$90
45 years$16,885$9,941$5,606$3,059$1,631$75
46 years$16,331$9,483$5,265$2,825$1,480$63
47 years$15,803$9,050$4,946$2,610$1,344$53
48 years$15,298$8,639$4,648$2,412$1,221$44
49 years$14,815$8,250$4,369$2,229$1,109$37
50 years$14,352$7,881$4,107$2,060$1,007$31

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 $2,597 every year, while hoping to spend $45,382 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: 54/26/20 Blend
53$14,700,000$14,700,000$14,700,000$14,700,000
54$16,202,079$15,422,979$15,195,129$16,988,630
55$17,806,405$16,130,419$15,655,880$18,235,314
56$19,572,851$16,871,002$16,130,544$19,586,704
57$21,517,906$17,646,305$16,619,542$21,056,816
58$23,659,738$18,457,980$17,123,302$22,657,002
59$26,018,367$19,307,757$17,642,269$24,399,738
60$28,615,855$20,197,452$18,176,899$26,298,743
61$31,476,511$21,128,965$18,727,664$28,369,098
62$34,627,121$22,104,290$19,295,046$30,627,388
63$38,097,203$23,125,517$19,879,547$33,091,851
64$41,919,285$24,194,834$20,481,679$35,782,547
65$46,129,209$25,314,537$21,101,971$38,721,540
66$50,766,470$26,487,032$21,740,969$41,933,104
67$55,874,593$27,714,839$22,399,235$45,443,940
68$61,501,537$29,000,602$23,077,345$49,283,431
69$67,700,154$30,347,092$23,775,896$53,483,906
70$74,528,681$31,757,211$24,495,500$58,080,939
71$82,051,296$33,234,004$25,236,789$63,113,682
72$90,338,720$34,780,661$26,000,413$68,625,224
73$99,468,883$36,400,528$26,787,041$74,662,993
74$109,527,666$38,097,110$27,597,363$81,279,191
75$120,609,702$39,874,083$28,432,089$88,531,283
76$132,819,278$41,735,299$29,291,950$96,482,529
77$146,271,313$43,684,798$30,177,699$105,202,574
78$161,092,447$45,726,812$31,090,112$114,768,093
79$177,422,232$47,865,782$32,029,986$125,263,508
80$195,414,453$50,106,359$32,998,144$136,781,771
81$215,238,578$52,453,421$33,995,433$149,425,235
82$237,081,358$54,912,083$35,022,725$163,306,606
83$261,148,587$57,487,706$36,080,916$178,549,998
84$287,667,048$60,185,909$37,170,933$195,292,089
85$316,886,654$63,012,586$38,293,726$213,683,399
86$349,082,803$65,973,912$39,450,276$233,889,702
87$384,558,981$69,076,366$40,641,592$256,093,571
88$423,649,626$72,326,737$41,868,714$280,496,090
89$466,723,283$75,732,143$43,132,712$307,318,736
90$514,186,088$79,300,048$44,434,688$336,805,456
91$566,485,595$83,038,276$45,775,776$369,224,950
92$624,115,007$86,955,033$47,157,145$404,873,192
93$687,617,827$91,058,919$48,579,999$444,076,205
94$757,592,992$95,358,952$50,045,575$487,193,120
95$834,700,525$99,864,589$51,555,150$534,619,547
96$919,667,768$104,585,743$53,110,037$586,791,288
97$1,013,296,244$109,532,809$54,711,588$644,188,430
98$1,116,469,230$114,716,685$56,361,195$707,339,852
99$1,230,160,089$120,148,800$58,060,292$776,828,196
100$1,355,441,462$125,841,135$59,810,355$853,295,345