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%19.8%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,126,135
2 years$600,947$589,755$578,908$568,391$558,190$512,345
3 years$396,652$385,411$374,592$364,174$354,139$309,956
4 years$294,524$283,318$272,607$262,367$252,575$210,391
5 years$233,263$222,125$211,554$201,523$192,003$151,926
6 years$192,436$181,382$170,967$161,159$151,926$113,981
7 years$163,286$152,324$142,074$132,498$123,556$87,731
8 years$141,433$130,570$120,490$111,149$102,502$68,760
9 years$124,445$113,684$103,778$94,674$86,321$54,612
10 years$110,862$100,207$90,476$81,610$73,550$43,812
11 years$99,757$89,209$79,654$71,025$63,256$35,421
12 years$90,509$80,069$70,691$62,299$54,816$28,810
13 years$82,690$72,359$63,158$55,001$47,801$23,546
14 years$75,993$65,772$56,747$48,823$41,902$19,317
15 years$70,195$60,084$51,235$43,542$36,894$15,897
16 years$65,127$55,126$46,452$38,987$32,607$13,115
17 years$60,659$50,769$42,270$35,029$28,911$10,842
18 years$56,692$46,913$38,587$31,569$25,707$8,978
19 years$53,147$43,478$35,324$28,525$22,913$7,445
20 years$49,961$40,402$32,419$25,835$20,466$6,180
21 years$47,081$37,633$29,819$23,447$18,315$5,135
22 years$44,467$35,129$27,483$21,318$16,417$4,270
23 years$42,084$32,856$25,376$19,415$14,737$3,553
24 years$39,903$30,784$23,468$17,708$13,246$2,958
25 years$37,899$28,889$21,736$16,172$11,919$2,464
26 years$36,052$27,151$20,159$14,787$10,736$2,053
27 years$34,345$25,552$18,720$13,535$9,680$1,711
28 years$32,763$24,078$17,402$12,401$8,734$1,426
29 years$31,293$22,714$16,194$11,372$7,887$1,189
30 years$29,923$21,451$15,084$10,436$7,126$992
31 years$28,644$20,279$14,063$9,585$6,443$827
32 years$27,447$19,188$13,121$8,809$5,828$690
33 years$26,326$18,171$12,251$8,100$5,274$576
34 years$25,272$17,222$11,447$7,453$4,775$480
35 years$24,281$16,335$10,702$6,861$4,325$401
36 years$23,347$15,504$10,011$6,319$3,919$335
37 years$22,466$14,725$9,370$5,822$3,552$279
38 years$21,633$13,994$8,775$5,366$3,220$233
39 years$20,844$13,307$8,221$4,948$2,920$194
40 years$20,097$12,661$7,706$4,564$2,648$162
41 years$19,388$12,052$7,225$4,211$2,403$135
42 years$18,715$11,478$6,778$3,886$2,180$113
43 years$18,075$10,936$6,360$3,587$1,979$94
44 years$17,466$10,424$5,970$3,312$1,796$79
45 years$16,885$9,941$5,606$3,059$1,631$66
46 years$16,331$9,483$5,265$2,825$1,480$55
47 years$15,803$9,050$4,946$2,610$1,344$46
48 years$15,298$8,639$4,648$2,412$1,221$38
49 years$14,815$8,250$4,369$2,229$1,109$32
50 years$14,352$7,881$4,107$2,060$1,007$27

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 $6,101 every year, while hoping to spend $36,445 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: 73/19/8 Blend
53$14,700,000$14,700,000$14,700,000$14,700,000
54$16,205,693$15,426,593$15,198,743$17,367,594
55$17,819,897$16,143,719$15,669,124$18,851,874
56$19,597,527$16,894,763$16,154,041$20,471,796
57$21,555,217$17,681,347$16,653,943$22,244,894
58$23,711,290$18,505,175$17,169,291$24,186,287
59$26,085,943$19,368,030$17,700,564$26,312,618
60$28,701,428$20,271,782$18,248,251$28,642,199
61$31,582,265$21,218,391$18,812,859$31,195,192
62$34,755,477$22,209,913$19,394,911$33,993,785
63$38,250,839$23,248,501$19,994,943$37,062,407
64$42,101,162$24,336,415$20,613,511$40,427,948
65$46,342,603$25,476,022$21,251,187$44,120,016
66$51,015,006$26,669,805$21,908,559$48,171,205
67$56,162,275$27,920,364$22,586,234$52,617,405
68$61,832,794$29,230,429$23,284,840$57,498,134
69$68,079,878$30,602,859$24,005,021$62,856,904
70$74,962,279$32,040,652$24,747,442$68,741,633
71$82,544,739$33,546,952$25,512,790$75,205,087
72$90,898,604$35,125,054$26,301,770$82,305,376
73$100,102,494$36,778,414$27,115,112$90,106,494
74$110,243,046$38,510,654$27,953,566$98,678,923
75$121,415,733$40,325,572$28,817,906$108,100,288
76$133,725,762$42,227,150$29,708,930$118,456,084
77$147,289,071$44,219,561$30,627,461$129,840,478
78$162,233,421$46,307,185$31,574,346$142,357,191
79$178,699,603$48,494,609$32,550,458$156,120,471
80$196,842,763$50,786,646$33,556,700$171,256,162
81$216,833,873$53,188,340$34,593,998$187,902,886
82$238,861,341$55,704,982$35,663,310$206,213,342
83$263,132,789$58,342,117$36,765,621$226,355,741
84$289,877,014$61,105,561$37,901,950$248,515,385
85$319,346,146$64,001,410$39,073,342$272,896,406
86$351,818,034$67,036,060$40,280,880$299,723,683
87$387,598,858$70,216,212$41,525,674$329,244,958
88$427,026,032$73,548,897$42,808,875$361,733,159
89$470,471,378$77,041,484$44,131,663$397,488,972
90$518,344,644$80,701,701$45,495,258$436,843,662
91$571,097,366$84,537,652$46,900,918$480,162,192
92$629,227,134$88,557,835$48,349,936$527,846,656
93$693,282,291$92,771,158$49,843,648$580,340,058
94$763,867,105$97,186,965$51,383,430$638,130,484
95$841,647,475$101,815,052$52,970,701$701,755,694
96$927,357,220$106,665,692$54,606,922$771,808,184
97$1,021,805,003$111,749,657$56,293,600$848,940,764
98$1,125,881,965$117,078,242$58,032,287$933,872,701
99$1,240,570,143$122,663,293$59,824,586$1,027,396,496
100$1,366,951,733$128,517,230$61,672,146$1,130,385,349