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%17.7%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,135,585
2 years$600,947$589,755$578,908$568,391$558,190$521,628
3 years$396,652$385,411$374,592$364,174$354,139$318,776
4 years$294,524$283,318$272,607$262,367$252,575$218,682
5 years$233,263$222,125$211,554$201,523$192,003$159,672
6 years$192,436$181,382$170,967$161,159$151,926$121,183
7 years$163,286$152,324$142,074$132,498$123,556$94,400
8 years$141,433$130,570$120,490$111,149$102,502$74,913
9 years$124,445$113,684$103,778$94,674$86,321$60,270
10 years$110,862$100,207$90,476$81,610$73,550$48,997
11 years$99,757$89,209$79,654$71,025$63,256$40,156
12 years$90,509$80,069$70,691$62,299$54,816$33,122
13 years$82,690$72,359$63,158$55,001$47,801$27,461
14 years$75,993$65,772$56,747$48,823$41,902$22,862
15 years$70,195$60,084$51,235$43,542$36,894$19,097
16 years$65,127$55,126$46,452$38,987$32,607$15,997
17 years$60,659$50,769$42,270$35,029$28,911$13,430
18 years$56,692$46,913$38,587$31,569$25,707$11,297
19 years$53,147$43,478$35,324$28,525$22,913$9,518
20 years$49,961$40,402$32,419$25,835$20,466$8,029
21 years$47,081$37,633$29,819$23,447$18,315$6,781
22 years$44,467$35,129$27,483$21,318$16,417$5,732
23 years$42,084$32,856$25,376$19,415$14,737$4,849
24 years$39,903$30,784$23,468$17,708$13,246$4,105
25 years$37,899$28,889$21,736$16,172$11,919$3,477
26 years$36,052$27,151$20,159$14,787$10,736$2,947
27 years$34,345$25,552$18,720$13,535$9,680$2,498
28 years$32,763$24,078$17,402$12,401$8,734$2,118
29 years$31,293$22,714$16,194$11,372$7,887$1,797
30 years$29,923$21,451$15,084$10,436$7,126$1,525
31 years$28,644$20,279$14,063$9,585$6,443$1,294
32 years$27,447$19,188$13,121$8,809$5,828$1,098
33 years$26,326$18,171$12,251$8,100$5,274$932
34 years$25,272$17,222$11,447$7,453$4,775$792
35 years$24,281$16,335$10,702$6,861$4,325$672
36 years$23,347$15,504$10,011$6,319$3,919$571
37 years$22,466$14,725$9,370$5,822$3,552$485
38 years$21,633$13,994$8,775$5,366$3,220$412
39 years$20,844$13,307$8,221$4,948$2,920$350
40 years$20,097$12,661$7,706$4,564$2,648$297
41 years$19,388$12,052$7,225$4,211$2,403$252
42 years$18,715$11,478$6,778$3,886$2,180$214
43 years$18,075$10,936$6,360$3,587$1,979$182
44 years$17,466$10,424$5,970$3,312$1,796$155
45 years$16,885$9,941$5,606$3,059$1,631$131
46 years$16,331$9,483$5,265$2,825$1,480$112
47 years$15,803$9,050$4,946$2,610$1,344$95
48 years$15,298$8,639$4,648$2,412$1,221$81
49 years$14,815$8,250$4,369$2,229$1,109$68
50 years$14,352$7,881$4,107$2,060$1,007$58

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 $2,673 every year, while hoping to spend $31,120 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: 81/9/10 Blend
53$14,700,000$14,700,000$14,700,000$14,700,000
54$16,202,157$15,423,057$15,195,207$17,488,636
55$17,821,666$16,145,676$15,671,135$19,054,893
56$19,605,321$16,902,659$16,161,964$20,769,308
57$21,569,834$17,695,659$16,668,159$22,650,151
58$23,733,617$18,526,406$17,190,203$24,714,071
59$26,116,961$19,396,716$17,728,590$26,979,403
60$28,742,225$20,308,489$18,283,832$29,466,338
61$31,634,049$21,263,722$18,856,457$32,197,112
62$34,819,582$22,264,504$19,447,008$35,196,213
63$38,328,743$23,313,029$20,056,047$38,490,614
64$42,194,503$24,411,595$20,684,152$42,110,019
65$46,453,191$25,562,612$21,331,920$46,087,148
66$51,144,843$26,768,606$21,999,966$50,458,039
67$56,313,576$28,032,227$22,688,924$55,262,389
68$62,008,007$29,356,252$23,399,449$60,543,922
69$68,281,709$30,743,594$24,132,216$66,350,806
70$75,193,718$32,197,305$24,887,920$72,736,096
71$82,809,091$33,720,587$25,667,279$79,758,240
72$91,199,520$35,316,797$26,471,034$87,481,626
73$100,444,004$36,989,454$27,299,948$95,977,181
74$110,629,604$38,742,248$28,154,807$105,323,047
75$121,852,255$40,579,049$29,036,424$115,605,307
76$134,217,676$42,503,914$29,945,636$126,918,798
77$147,842,370$44,521,097$30,883,305$139,368,003
78$162,854,719$46,635,058$31,850,324$153,068,033
79$179,396,199$48,850,475$32,847,608$168,145,709
80$197,622,715$51,172,251$33,876,107$184,740,754
81$217,706,070$53,605,530$34,936,795$203,007,111
82$239,835,592$56,155,704$36,030,680$223,114,391
83$264,219,915$58,828,426$37,158,800$245,249,466
84$291,088,954$61,629,626$38,322,227$269,618,234
85$320,696,071$64,565,521$39,522,065$296,447,551
86$353,320,468$67,642,631$40,759,453$325,987,374
87$389,269,827$70,867,790$42,035,566$358,513,110
88$428,883,206$74,248,169$43,351,614$394,328,215
89$472,534,248$77,791,284$44,708,848$433,767,045
90$520,634,702$81,505,017$46,108,555$477,198,016
91$573,638,313$85,397,635$47,552,063$525,027,068
92$632,045,108$89,477,806$49,040,744$577,701,493
93$696,406,110$93,754,619$50,576,010$635,714,151
94$767,328,545$98,237,607$52,159,318$699,608,115
95$845,481,571$102,936,765$53,792,170$769,981,788
96$931,602,601$107,862,576$55,476,117$847,494,549
97$1,026,504,255$113,026,031$57,212,756$932,872,964
98$1,131,082,041$118,438,659$59,003,736$1,026,917,638
99$1,246,322,804$124,112,547$60,850,755$1,130,510,766
100$1,373,314,042$130,060,374$62,755,567$1,244,624,450