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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,170,773
2 years$605,035$593,767$582,846$572,257$561,987$552,512
3 years$399,350$388,033$377,140$366,651$356,548$347,291
4 years$296,528$285,245$274,461$264,151$254,293$245,325
5 years$234,850$223,636$212,993$202,894$193,309$184,658
6 years$193,746$182,615$172,130$162,256$152,959$144,634
7 years$164,396$153,360$143,041$133,399$124,397$116,402
8 years$142,395$131,458$121,310$111,905$103,199$95,535
9 years$125,291$114,458$104,484$95,319$86,909$79,573
10 years$111,617$100,889$91,092$82,165$74,050$67,039
11 years$100,435$89,816$80,196$71,509$63,686$56,993
12 years$91,125$80,614$71,172$62,723$55,189$48,809
13 years$83,252$72,851$63,587$55,375$48,126$42,052
14 years$76,510$66,220$57,133$49,155$42,187$36,411
15 years$70,673$60,493$51,584$43,838$37,144$31,659
16 years$65,570$55,501$46,768$39,252$32,828$27,625
17 years$61,072$51,114$42,557$35,268$29,108$24,177
18 years$57,078$47,232$38,849$31,783$25,881$21,214
19 years$53,509$43,774$35,565$28,719$23,069$18,656
20 years$50,301$40,677$32,639$26,011$20,605$16,438
21 years$47,402$37,889$30,022$23,606$18,439$14,508
22 years$44,770$35,368$27,670$21,463$16,528$12,823
23 years$42,370$33,079$25,548$19,547$14,837$11,348
24 years$40,174$30,993$23,628$17,828$13,336$10,054
25 years$38,157$29,085$21,884$16,282$12,000$8,917
26 years$36,298$27,336$20,296$14,887$10,809$7,915
27 years$34,579$25,726$18,847$13,627$9,745$7,031
28 years$32,986$24,241$17,521$12,485$8,793$6,249
29 years$31,506$22,869$16,305$11,449$7,940$5,558
30 years$30,126$21,597$15,187$10,507$7,175$4,946
31 years$28,839$20,417$14,158$9,650$6,486$4,404
32 years$27,634$19,318$13,210$8,869$5,867$3,922
33 years$26,505$18,295$12,334$8,155$5,310$3,495
34 years$25,444$17,339$11,524$7,504$4,808$3,115
35 years$24,446$16,446$10,775$6,908$4,354$2,777
36 years$23,506$15,610$10,079$6,362$3,945$2,476
37 years$22,618$14,826$9,434$5,861$3,576$2,209
38 years$21,780$14,090$8,835$5,403$3,242$1,970
39 years$20,986$13,398$8,277$4,982$2,940$1,758
40 years$20,234$12,747$7,758$4,595$2,666$1,569
41 years$19,520$12,134$7,275$4,239$2,419$1,401
42 years$18,843$11,556$6,824$3,912$2,195$1,250
43 years$18,198$11,010$6,403$3,612$1,992$1,116
44 years$17,585$10,495$6,011$3,335$1,808$997
45 years$17,000$10,008$5,644$3,080$1,642$890
46 years$16,442$9,547$5,301$2,845$1,491$795
47 years$15,910$9,111$4,980$2,628$1,353$710
48 years$15,402$8,698$4,680$2,429$1,229$634
49 years$14,915$8,306$4,399$2,244$1,116$566
50 years$14,450$7,934$4,135$2,075$1,014$506

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 $5,559 every year, while hoping to spend $38,425 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: 44/39/17 Blend
53$14,800,000$14,800,000$14,800,000$14,800,000
54$16,315,334$15,530,934$15,301,534$16,952,843
55$17,938,614$16,251,066$15,773,252$18,120,679
56$19,726,181$17,005,196$16,259,484$19,381,475
57$21,694,752$17,794,951$16,760,676$20,747,242
58$23,862,746$18,622,033$17,277,289$22,227,688
59$26,250,462$19,488,229$17,809,794$23,833,470
60$28,880,267$20,395,410$18,358,680$25,576,286
61$31,776,809$21,345,540$18,924,450$27,468,976
62$34,967,247$22,340,674$19,507,623$29,525,643
63$38,481,509$23,382,970$20,108,731$31,761,776
64$42,352,575$24,474,689$20,728,326$34,194,386
65$46,616,788$25,618,198$21,366,975$36,842,165
66$51,314,194$26,815,984$22,025,263$39,725,650
67$56,488,925$28,070,650$22,703,791$42,867,409
68$62,189,609$29,384,925$23,403,182$46,292,250
69$68,469,835$30,761,673$24,124,075$50,027,440
70$75,388,657$32,203,894$24,867,131$54,102,954
71$83,011,148$33,714,733$25,633,027$58,551,754
72$91,409,018$35,297,487$26,422,466$63,410,081
73$100,661,288$36,955,614$27,236,169$68,717,795
74$110,855,039$38,692,739$28,074,881$74,518,730
75$122,086,232$40,512,662$28,939,368$80,861,107
76$134,460,611$42,419,366$29,830,420$87,797,968
77$148,094,707$44,417,029$30,748,853$95,387,669
78$163,116,933$46,510,029$31,695,505$103,694,412
79$179,668,798$48,702,958$32,671,242$112,788,845
80$197,906,242$51,000,629$33,676,956$122,748,705
81$218,001,108$53,408,090$34,713,564$133,659,542
82$240,142,767$55,930,633$35,782,014$145,615,509
83$264,539,900$58,573,804$36,883,282$158,720,233
84$291,422,471$61,343,422$38,018,373$173,087,776
85$321,043,899$64,245,585$39,188,324$188,843,693
86$353,683,447$67,286,689$40,394,203$206,126,198
87$389,648,860$70,473,439$41,637,111$225,087,446
88$429,279,272$73,812,865$42,918,182$245,894,953
89$472,948,401$77,312,339$44,238,585$268,733,148
90$521,068,085$80,979,591$45,599,524$293,805,097
91$574,092,164$84,822,724$47,002,242$321,334,393
92$632,520,765$88,850,238$48,448,018$351,567,239
93$696,905,026$93,071,043$49,938,170$384,774,749
94$767,852,297$97,494,483$51,474,057$421,255,474
95$846,031,873$102,130,354$53,057,080$461,338,198
96$932,181,313$106,988,930$54,688,681$505,385,005
97$1,027,113,403$112,080,984$56,370,347$553,794,667
98$1,131,723,828$117,417,810$58,103,612$607,006,375
99$1,246,999,629$123,011,254$59,890,054$665,503,849
100$1,374,028,522$128,873,735$61,731,301$729,819,867