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%13.1%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,164,943
2 years$605,035$593,767$582,846$572,257$561,987$546,665
3 years$399,350$388,033$377,140$366,651$356,548$341,609
4 years$296,528$285,245$274,461$264,151$254,293$239,853
5 years$234,850$223,636$212,993$202,894$193,309$179,411
6 years$193,746$182,615$172,130$162,256$152,959$139,619
7 years$164,396$153,360$143,041$133,399$124,397$111,619
8 years$142,395$131,458$121,310$111,905$103,199$90,983
9 years$125,291$114,458$104,484$95,319$86,909$75,248
10 years$111,617$100,889$91,092$82,165$74,050$62,938
11 years$100,435$89,816$80,196$71,509$63,686$53,111
12 years$91,125$80,614$71,172$62,723$55,189$45,140
13 years$83,252$72,851$63,587$55,375$48,126$38,589
14 years$76,510$66,220$57,133$49,155$42,187$33,149
15 years$70,673$60,493$51,584$43,838$37,144$28,590
16 years$65,570$55,501$46,768$39,252$32,828$24,742
17 years$61,072$51,114$42,557$35,268$29,108$21,473
18 years$57,078$47,232$38,849$31,783$25,881$18,681
19 years$53,509$43,774$35,565$28,719$23,069$16,286
20 years$50,301$40,677$32,639$26,011$20,605$14,224
21 years$47,402$37,889$30,022$23,606$18,439$12,442
22 years$44,770$35,368$27,670$21,463$16,528$10,898
23 years$42,370$33,079$25,548$19,547$14,837$9,557
24 years$40,174$30,993$23,628$17,828$13,336$8,389
25 years$38,157$29,085$21,884$16,282$12,000$7,370
26 years$36,298$27,336$20,296$14,887$10,809$6,481
27 years$34,579$25,726$18,847$13,627$9,745$5,702
28 years$32,986$24,241$17,521$12,485$8,793$5,020
29 years$31,506$22,869$16,305$11,449$7,940$4,421
30 years$30,126$21,597$15,187$10,507$7,175$3,896
31 years$28,839$20,417$14,158$9,650$6,486$3,435
32 years$27,634$19,318$13,210$8,869$5,867$3,029
33 years$26,505$18,295$12,334$8,155$5,310$2,672
34 years$25,444$17,339$11,524$7,504$4,808$2,358
35 years$24,446$16,446$10,775$6,908$4,354$2,081
36 years$23,506$15,610$10,079$6,362$3,945$1,837
37 years$22,618$14,826$9,434$5,861$3,576$1,622
38 years$21,780$14,090$8,835$5,403$3,242$1,432
39 years$20,986$13,398$8,277$4,982$2,940$1,265
40 years$20,234$12,747$7,758$4,595$2,666$1,117
41 years$19,520$12,134$7,275$4,239$2,419$987
42 years$18,843$11,556$6,824$3,912$2,195$872
43 years$18,198$11,010$6,403$3,612$1,992$771
44 years$17,585$10,495$6,011$3,335$1,808$681
45 years$17,000$10,008$5,644$3,080$1,642$602
46 years$16,442$9,547$5,301$2,845$1,491$532
47 years$15,910$9,111$4,980$2,628$1,353$470
48 years$15,402$8,698$4,680$2,429$1,229$415
49 years$14,915$8,306$4,399$2,244$1,116$367
50 years$14,450$7,934$4,135$2,075$1,014$325

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 $5,960 every year, while hoping to spend $43,791 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: 77/13/10 Blend
53$14,800,000$14,800,000$14,800,000$14,800,000
54$16,315,748$15,531,348$15,301,948$17,543,488
55$17,933,361$16,245,790$15,767,970$19,066,344
56$19,714,503$16,993,773$16,248,136$20,729,472
57$21,675,807$17,776,893$16,742,873$22,551,776
58$23,835,603$18,596,825$17,252,623$24,549,083
59$26,214,087$19,455,322$17,777,839$26,738,819
60$28,833,515$20,354,224$18,318,987$29,140,166
61$31,718,411$21,295,458$18,876,551$31,774,247
62$34,895,798$22,281,045$19,451,025$34,664,319
63$38,395,455$23,313,102$20,042,920$37,835,993
64$42,250,197$24,393,848$20,652,763$41,317,470
65$46,496,181$25,525,612$21,281,095$45,139,806
66$51,173,255$26,710,830$21,928,475$49,337,202
67$56,325,326$27,952,059$22,595,477$53,947,323
68$62,000,778$29,251,980$23,282,695$59,011,654
69$68,252,931$30,613,400$23,990,738$64,575,882
70$75,140,537$32,039,263$24,720,235$70,690,330
71$82,728,342$33,532,657$25,471,833$77,410,424
72$91,087,692$35,096,817$26,246,199$84,797,215
73$100,297,209$36,735,134$27,044,020$92,917,951
74$110,443,533$38,451,163$27,866,002$101,846,705
75$121,622,135$40,248,632$28,712,875$111,665,075
76$133,938,226$42,131,448$29,585,390$122,462,945
77$147,507,743$44,103,707$30,484,318$134,339,333
78$162,458,447$46,169,703$31,410,457$147,403,316
79$178,931,127$48,333,938$32,364,626$161,775,059
80$197,080,932$50,601,130$33,347,671$177,586,941
81$217,078,829$52,976,228$34,360,460$194,984,802
82$239,113,225$55,464,418$35,403,891$214,129,312
83$263,391,739$58,071,139$36,478,886$235,197,480
84$290,143,163$60,802,092$37,586,395$258,384,324
85$319,619,625$63,663,254$38,727,399$283,904,698
86$352,098,964$66,660,891$39,902,904$311,995,321
87$387,887,358$69,801,574$41,113,951$342,917,000
88$427,322,207$73,092,190$42,361,607$376,957,084
89$470,775,328$76,539,962$43,646,976$414,432,171
90$518,656,453$80,152,463$44,971,192$455,691,087
91$571,417,108$83,937,630$46,335,424$501,118,173
92$629,554,867$87,903,788$47,740,874$551,136,901
93$693,618,053$92,059,663$49,188,784$606,213,864
94$764,210,916$96,414,408$50,680,429$666,863,170
95$841,999,330$100,977,615$52,217,124$733,651,287
96$927,717,088$105,759,344$53,800,224$807,202,379
97$1,022,172,823$110,770,144$55,431,124$888,204,187
98$1,126,257,644$116,021,074$57,111,259$977,414,509
99$1,240,953,547$121,523,730$58,842,109$1,075,668,342
100$1,367,342,687$127,290,271$60,625,198$1,183,885,756