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%12.7%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,166,877
2 years$605,035$593,767$582,846$572,257$561,987$548,602
3 years$399,350$388,033$377,140$366,651$356,548$343,489
4 years$296,528$285,245$274,461$264,151$254,293$241,661
5 years$234,850$223,636$212,993$202,894$193,309$181,142
6 years$193,746$182,615$172,130$162,256$152,959$141,270
7 years$164,396$153,360$143,041$133,399$124,397$113,191
8 years$142,395$131,458$121,310$111,905$103,199$92,476
9 years$125,291$114,458$104,484$95,319$86,909$76,664
10 years$111,617$100,889$91,092$82,165$74,050$64,278
11 years$100,435$89,816$80,196$71,509$63,686$54,377
12 years$91,125$80,614$71,172$62,723$55,189$46,333
13 years$83,252$72,851$63,587$55,375$48,126$39,713
14 years$76,510$66,220$57,133$49,155$42,187$34,205
15 years$70,673$60,493$51,584$43,838$37,144$29,581
16 years$65,570$55,501$46,768$39,252$32,828$25,670
17 years$61,072$51,114$42,557$35,268$29,108$22,341
18 years$57,078$47,232$38,849$31,783$25,881$19,492
19 years$53,509$43,774$35,565$28,719$23,069$17,043
20 years$50,301$40,677$32,639$26,011$20,605$14,929
21 years$47,402$37,889$30,022$23,606$18,439$13,098
22 years$44,770$35,368$27,670$21,463$16,528$11,508
23 years$42,370$33,079$25,548$19,547$14,837$10,122
24 years$40,174$30,993$23,628$17,828$13,336$8,913
25 years$38,157$29,085$21,884$16,282$12,000$7,855
26 years$36,298$27,336$20,296$14,887$10,809$6,929
27 years$34,579$25,726$18,847$13,627$9,745$6,116
28 years$32,986$24,241$17,521$12,485$8,793$5,401
29 years$31,506$22,869$16,305$11,449$7,940$4,773
30 years$30,126$21,597$15,187$10,507$7,175$4,220
31 years$28,839$20,417$14,158$9,650$6,486$3,732
32 years$27,634$19,318$13,210$8,869$5,867$3,302
33 years$26,505$18,295$12,334$8,155$5,310$2,923
34 years$25,444$17,339$11,524$7,504$4,808$2,588
35 years$24,446$16,446$10,775$6,908$4,354$2,292
36 years$23,506$15,610$10,079$6,362$3,945$2,030
37 years$22,618$14,826$9,434$5,861$3,576$1,798
38 years$21,780$14,090$8,835$5,403$3,242$1,594
39 years$20,986$13,398$8,277$4,982$2,940$1,412
40 years$20,234$12,747$7,758$4,595$2,666$1,252
41 years$19,520$12,134$7,275$4,239$2,419$1,110
42 years$18,843$11,556$6,824$3,912$2,195$984
43 years$18,198$11,010$6,403$3,612$1,992$872
44 years$17,585$10,495$6,011$3,335$1,808$773
45 years$17,000$10,008$5,644$3,080$1,642$686
46 years$16,442$9,547$5,301$2,845$1,491$608
47 years$15,910$9,111$4,980$2,628$1,353$539
48 years$15,402$8,698$4,680$2,429$1,229$478
49 years$14,915$8,306$4,399$2,244$1,116$424
50 years$14,450$7,934$4,135$2,075$1,014$376

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 $5,608 every year, while hoping to spend $20,384 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: 49/25/26 Blend
53$14,800,000$14,800,000$14,800,000$14,800,000
54$16,315,385$15,530,985$15,301,585$16,994,261
55$17,957,865$16,270,314$15,792,499$18,208,919
56$19,767,196$17,045,188$16,299,176$19,525,330
57$21,760,374$17,857,326$16,822,123$20,955,160
58$23,956,129$18,708,532$17,361,860$22,509,137
59$26,375,101$19,600,697$17,918,930$24,199,047
60$29,040,035$20,535,805$18,493,887$26,037,842
61$31,975,994$21,515,935$19,087,308$28,039,755
62$35,210,598$22,543,269$19,699,786$30,220,432
63$38,774,283$23,620,093$20,331,933$32,597,072
64$42,700,589$24,748,806$20,984,381$35,188,585
65$47,026,474$25,931,923$21,657,783$38,015,763
66$51,792,668$27,172,081$22,352,813$41,101,472
67$57,044,053$28,472,045$23,070,165$44,470,858
68$62,830,088$29,834,717$23,810,557$48,151,583
69$69,205,276$31,263,137$24,574,730$52,174,074
70$76,229,679$32,760,495$25,363,448$56,571,804
71$83,969,483$34,330,136$26,177,500$61,381,602
72$92,497,624$35,975,567$27,017,700$66,643,993
73$101,894,479$37,700,467$27,884,890$72,403,566
74$112,248,619$39,508,693$28,779,937$78,709,394
75$123,657,649$41,404,291$29,703,736$85,615,485
76$136,229,131$43,391,502$30,657,213$93,181,278
77$150,081,593$45,474,776$31,641,320$101,472,202
78$165,345,654$47,658,779$32,657,043$110,560,275
79$182,165,256$49,948,404$33,705,399$120,524,781
80$200,699,019$52,348,783$34,787,437$131,452,997
81$221,121,742$54,865,297$35,904,239$143,441,016
82$243,626,053$57,503,589$37,056,924$156,594,633
83$268,424,225$60,269,580$38,246,646$171,030,333
84$295,750,183$63,169,476$39,474,595$186,876,379
85$325,861,709$66,209,788$40,742,002$204,274,007
86$359,042,878$69,397,342$42,050,134$223,378,742
87$395,606,740$72,739,300$43,400,302$244,361,855
88$435,898,272$76,243,171$44,793,857$267,411,960
89$480,297,640$79,916,831$46,232,195$292,736,778
90$529,223,782$83,768,538$47,716,756$320,565,082
91$583,138,368$87,806,956$49,249,028$351,148,835
92$642,550,155$92,041,171$50,830,543$384,765,552
93$708,019,792$96,480,709$52,462,888$421,720,896
94$780,165,112$101,135,565$54,147,696$462,351,544
95$859,666,964$106,016,219$55,886,655$507,028,343
96$947,275,643$111,133,663$57,681,506$556,159,790
97$1,043,817,971$116,499,424$59,534,049$610,195,857
98$1,150,205,103$122,125,595$61,446,139$669,632,220
99$1,267,441,130$128,024,856$63,419,691$735,014,908
100$1,396,632,558$134,210,506$65,456,683$806,945,431