Can I retire at age 54 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,154,278
2 years$609,123$597,778$586,784$576,124$565,784$531,925
3 years$402,048$390,655$379,688$369,128$358,957$326,168
4 years$298,531$287,173$276,316$265,936$256,011$224,545
5 years$236,437$225,147$214,432$204,264$194,615$164,558
6 years$195,055$183,849$173,293$163,352$153,993$125,372
7 years$165,507$154,396$144,007$134,301$125,237$98,053
8 years$143,357$132,346$122,130$112,661$103,896$78,133
9 years$126,138$115,231$105,190$95,963$87,496$63,128
10 years$112,371$101,571$91,707$82,721$74,551$51,546
11 years$101,114$90,422$80,738$71,992$64,116$42,437
12 years$91,740$81,158$71,653$63,146$55,562$35,166
13 years$83,815$73,343$64,017$55,749$48,451$29,293
14 years$77,027$66,667$57,519$49,488$42,472$24,506
15 years$71,150$60,902$51,932$44,134$37,395$20,572
16 years$66,013$55,876$47,084$39,517$33,050$17,319
17 years$61,484$51,460$42,845$35,506$29,305$14,615
18 years$57,464$47,551$39,112$31,998$26,056$12,358
19 years$53,870$44,070$35,805$28,913$23,225$10,466
20 years$50,640$40,952$32,860$26,186$20,745$8,877
21 years$47,722$38,145$30,225$23,766$18,564$7,537
22 years$45,072$35,607$27,857$21,609$16,640$6,407
23 years$42,657$33,303$25,721$19,679$14,937$5,450
24 years$40,446$31,202$23,787$17,949$13,426$4,639
25 years$38,415$29,282$22,032$16,392$12,081$3,952
26 years$36,543$27,520$20,434$14,988$10,882$3,368
27 years$34,813$25,900$18,974$13,719$9,811$2,871
28 years$33,209$24,405$17,639$12,569$8,853$2,449
29 years$31,718$23,023$16,415$11,526$7,994$2,089
30 years$30,330$21,743$15,290$10,578$7,223$1,783
31 years$29,034$20,555$14,254$9,715$6,530$1,522
32 years$27,821$19,449$13,299$8,929$5,907$1,299
33 years$26,684$18,418$12,418$8,211$5,346$1,109
34 years$25,616$17,456$11,602$7,554$4,840$947
35 years$24,611$16,557$10,847$6,954$4,384$809
36 years$23,665$15,715$10,147$6,405$3,972$691
37 years$22,771$14,926$9,498$5,901$3,600$590
38 years$21,927$14,185$8,894$5,439$3,264$504
39 years$21,128$13,488$8,333$5,015$2,960$431
40 years$20,371$12,833$7,811$4,626$2,685$368
41 years$19,652$12,216$7,324$4,268$2,435$315
42 years$18,970$11,634$6,870$3,939$2,210$269
43 years$18,321$11,085$6,447$3,636$2,006$230
44 years$17,703$10,566$6,051$3,357$1,821$196
45 years$17,115$10,076$5,682$3,100$1,653$168
46 years$16,553$9,612$5,337$2,864$1,501$143
47 years$16,018$9,173$5,014$2,646$1,363$123
48 years$15,506$8,757$4,711$2,445$1,237$105
49 years$15,016$8,362$4,428$2,260$1,124$90
50 years$14,548$7,988$4,163$2,089$1,021$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,900,000, adding $5,931 every year, while hoping to spend $23,738 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: 67/7/26 Blend
53$14,900,000$14,900,000$14,900,000$14,900,000
54$16,425,918$15,636,218$15,405,268$17,415,137
55$18,076,104$16,377,135$15,896,087$18,822,354
56$19,893,814$17,153,562$16,402,554$20,357,612
57$21,896,110$17,967,214$16,925,166$22,036,231
58$24,101,794$18,819,887$17,464,439$23,872,363
59$26,531,584$19,713,469$18,020,905$25,881,588
60$29,208,311$20,649,935$18,595,111$28,081,055
61$32,157,136$21,631,359$19,187,625$30,489,646
62$35,405,783$22,659,915$19,799,029$33,128,146
63$38,984,804$23,737,881$20,429,927$36,019,443
64$42,927,865$24,867,648$21,080,941$39,188,738
65$47,272,066$26,051,722$21,752,711$42,663,778
66$52,058,291$27,292,731$22,445,901$46,475,121
67$57,331,591$28,593,429$23,161,194$50,656,416
68$63,141,615$29,956,708$23,899,295$55,244,722
69$69,543,069$31,385,597$24,660,931$60,280,851
70$76,596,244$32,883,273$25,446,854$65,809,751
71$84,367,576$34,453,069$26,257,839$71,880,928
72$92,930,277$36,098,477$27,094,685$78,548,909
73$102,365,026$37,823,163$27,958,217$85,873,753
74$112,760,729$39,630,968$28,849,288$93,921,615
75$124,215,359$41,525,921$29,768,775$102,765,364
76$136,836,882$43,512,248$30,717,585$112,485,269
77$150,744,274$45,594,378$31,696,654$123,169,752
78$166,068,647$47,776,959$32,706,949$134,916,219
79$182,954,481$50,064,863$33,749,464$147,831,972
80$201,560,996$52,463,199$34,825,229$162,035,220
81$222,063,648$54,977,327$35,935,305$177,656,188
82$244,655,789$57,612,864$37,080,786$194,838,342
83$269,550,490$60,375,705$38,262,803$213,739,739
84$296,982,554$63,272,029$39,482,521$234,534,509
85$327,210,734$66,308,317$40,741,145$257,414,500
86$360,520,170$69,491,366$42,039,914$282,591,075
87$397,225,088$72,828,304$43,380,112$310,297,108
88$437,671,761$76,326,605$44,763,060$340,789,169
89$482,241,781$79,994,109$46,190,123$374,349,947
90$531,355,659$83,839,037$47,662,709$411,290,903
91$585,476,797$87,870,010$49,182,270$451,955,209
92$645,115,862$92,096,072$50,750,307$496,720,979
93$710,835,604$96,526,704$52,368,367$546,004,825
94$783,256,175$101,171,851$54,038,046$600,265,790
95$863,060,977$106,041,945$55,760,993$660,009,666
96$951,003,118$111,147,921$57,538,908$725,793,764
97$1,047,912,520$116,501,253$59,373,545$798,232,161
98$1,154,703,755$122,113,972$61,266,716$878,001,492
99$1,272,384,676$127,998,695$63,220,290$965,847,326
100$1,402,065,937$134,168,655$65,236,193$1,062,591,193