Can I retire at age 54 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,168,334
2 years$605,035$593,767$582,846$572,257$561,987$550,063
3 years$399,350$388,033$377,140$366,651$356,548$344,908
4 years$296,528$285,245$274,461$264,151$254,293$243,028
5 years$234,850$223,636$212,993$202,894$193,309$182,452
6 years$193,746$182,615$172,130$162,256$152,959$142,522
7 years$164,396$153,360$143,041$133,399$124,397$114,385
8 years$142,395$131,458$121,310$111,905$103,199$93,612
9 years$125,291$114,458$104,484$95,319$86,909$77,743
10 years$111,617$100,889$91,092$82,165$74,050$65,300
11 years$100,435$89,816$80,196$71,509$63,686$55,344
12 years$91,125$80,614$71,172$62,723$55,189$47,248
13 years$83,252$72,851$63,587$55,375$48,126$40,575
14 years$76,510$66,220$57,133$49,155$42,187$35,017
15 years$70,673$60,493$51,584$43,838$37,144$30,345
16 years$65,570$55,501$46,768$39,252$32,828$26,387
17 years$61,072$51,114$42,557$35,268$29,108$23,014
18 years$57,078$47,232$38,849$31,783$25,881$20,122
19 years$53,509$43,774$35,565$28,719$23,069$17,632
20 years$50,301$40,677$32,639$26,011$20,605$15,479
21 years$47,402$37,889$30,022$23,606$18,439$13,611
22 years$44,770$35,368$27,670$21,463$16,528$11,985
23 years$42,370$33,079$25,548$19,547$14,837$10,567
24 years$40,174$30,993$23,628$17,828$13,336$9,326
25 years$38,157$29,085$21,884$16,282$12,000$8,239
26 years$36,298$27,336$20,296$14,887$10,809$7,284
27 years$34,579$25,726$18,847$13,627$9,745$6,445
28 years$32,986$24,241$17,521$12,485$8,793$5,706
29 years$31,506$22,869$16,305$11,449$7,940$5,054
30 years$30,126$21,597$15,187$10,507$7,175$4,479
31 years$28,839$20,417$14,158$9,650$6,486$3,972
32 years$27,634$19,318$13,210$8,869$5,867$3,523
33 years$26,505$18,295$12,334$8,155$5,310$3,126
34 years$25,444$17,339$11,524$7,504$4,808$2,774
35 years$24,446$16,446$10,775$6,908$4,354$2,463
36 years$23,506$15,610$10,079$6,362$3,945$2,187
37 years$22,618$14,826$9,434$5,861$3,576$1,943
38 years$21,780$14,090$8,835$5,403$3,242$1,726
39 years$20,986$13,398$8,277$4,982$2,940$1,533
40 years$20,234$12,747$7,758$4,595$2,666$1,363
41 years$19,520$12,134$7,275$4,239$2,419$1,211
42 years$18,843$11,556$6,824$3,912$2,195$1,077
43 years$18,198$11,010$6,403$3,612$1,992$957
44 years$17,585$10,495$6,011$3,335$1,808$851
45 years$17,000$10,008$5,644$3,080$1,642$756
46 years$16,442$9,547$5,301$2,845$1,491$673
47 years$15,910$9,111$4,980$2,628$1,353$598
48 years$15,402$8,698$4,680$2,429$1,229$532
49 years$14,915$8,306$4,399$2,244$1,116$473
50 years$14,450$7,934$4,135$2,075$1,014$421

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,800,000, adding $4,683 every year, while hoping to spend $37,443 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: 45/38/17 Blend
53$14,800,000$14,800,000$14,800,000$14,800,000
54$16,314,431$15,530,031$15,300,631$16,968,812
55$17,938,663$16,251,163$15,773,363$18,147,920
56$19,727,313$17,006,376$16,260,676$19,421,661
57$21,697,111$17,797,300$16,763,020$20,802,112
58$23,866,492$18,625,644$17,280,858$22,299,178
59$26,255,773$19,493,199$17,814,666$23,923,732
60$28,887,341$20,401,845$18,364,935$25,687,709
61$31,785,862$21,353,548$18,932,174$27,604,218
62$34,978,521$22,350,373$19,516,903$29,687,652
63$38,495,273$23,394,483$20,119,661$31,953,824
64$42,369,124$24,488,147$20,741,003$34,420,102
65$46,636,450$25,633,741$21,381,502$37,105,575
66$51,337,331$26,833,758$22,041,746$40,031,214
67$56,515,937$28,090,810$22,722,343$43,220,073
68$62,220,941$29,407,638$23,423,919$46,697,489
69$68,505,976$30,787,111$24,147,119$50,491,318
70$75,430,148$32,232,242$24,892,610$54,632,188
71$83,058,587$33,746,186$25,661,077$59,153,775
72$91,463,066$35,332,252$26,453,226$64,093,115
73$100,722,675$36,993,909$27,269,785$69,490,940
74$110,924,571$38,734,794$28,111,506$75,392,052
75$122,164,799$40,558,720$28,979,163$81,845,736
76$134,549,196$42,469,685$29,873,553$88,906,211
77$148,194,395$44,471,880$30,795,498$96,633,130
78$163,228,921$46,569,700$31,745,845$105,092,131
79$179,794,408$48,767,753$32,725,468$114,355,438
80$198,046,932$51,070,868$33,735,266$124,502,535
81$218,158,490$53,484,111$34,776,168$135,620,895
82$240,318,616$56,012,792$35,849,129$147,806,796
83$264,736,175$58,662,479$36,955,135$161,166,205
84$291,641,334$61,439,010$38,095,202$175,815,768
85$321,287,735$64,348,506$39,270,376$191,883,891
86$353,954,887$67,397,386$40,481,737$209,511,930
87$389,950,807$70,592,379$41,730,396$228,855,508
88$429,614,924$73,940,541$43,017,499$250,085,963
89$473,321,289$77,449,270$44,344,228$273,391,944
90$521,482,101$81,126,325$45,711,801$298,981,167
91$574,551,601$84,979,840$47,121,471$327,082,353
92$633,030,356$89,018,344$48,574,532$357,947,361
93$697,469,991$93,250,782$50,072,318$391,853,541
94$768,478,391$97,686,531$51,616,201$429,106,324
95$846,725,441$102,335,425$53,207,598$470,042,074
96$932,949,351$107,207,776$54,847,968$515,031,237
97$1,027,963,625$112,314,397$56,538,814$564,481,804
98$1,132,664,737$117,666,625$58,281,687$618,843,129
99$1,248,040,601$123,276,350$60,078,185$678,610,139
100$1,375,179,891$129,156,040$61,929,953$744,327,966