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

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,151,959
2 years$609,123$597,778$586,784$576,124$565,784$529,636
3 years$402,048$390,655$379,688$369,128$358,957$323,982
4 years$298,531$287,173$276,316$265,936$256,011$222,478
5 years$236,437$225,147$214,432$204,264$194,615$162,615
6 years$195,055$183,849$173,293$163,352$153,993$123,552
7 years$165,507$154,396$144,007$134,301$125,237$96,355
8 years$143,357$132,346$122,130$112,661$103,896$76,555
9 years$126,138$115,231$105,190$95,963$87,496$61,665
10 years$112,371$101,571$91,707$82,721$74,551$50,194
11 years$101,114$90,422$80,738$71,992$64,116$41,191
12 years$91,740$81,158$71,653$63,146$55,562$34,021
13 years$83,815$73,343$64,017$55,749$48,451$28,244
14 years$77,027$66,667$57,519$49,488$42,472$23,546
15 years$71,150$60,902$51,932$44,134$37,395$19,697
16 years$66,013$55,876$47,084$39,517$33,050$16,523
17 years$61,484$51,460$42,845$35,506$29,305$13,892
18 years$57,464$47,551$39,112$31,998$26,056$11,703
19 years$53,870$44,070$35,805$28,913$23,225$9,875
20 years$50,640$40,952$32,860$26,186$20,745$8,343
21 years$47,722$38,145$30,225$23,766$18,564$7,057
22 years$45,072$35,607$27,857$21,609$16,640$5,975
23 years$42,657$33,303$25,721$19,679$14,937$5,063
24 years$40,446$31,202$23,787$17,949$13,426$4,293
25 years$38,415$29,282$22,032$16,392$12,081$3,642
26 years$36,543$27,520$20,434$14,988$10,882$3,091
27 years$34,813$25,900$18,974$13,719$9,811$2,625
28 years$33,209$24,405$17,639$12,569$8,853$2,229
29 years$31,718$23,023$16,415$11,526$7,994$1,894
30 years$30,330$21,743$15,290$10,578$7,223$1,610
31 years$29,034$20,555$14,254$9,715$6,530$1,368
32 years$27,821$19,449$13,299$8,929$5,907$1,163
33 years$26,684$18,418$12,418$8,211$5,346$989
34 years$25,616$17,456$11,602$7,554$4,840$841
35 years$24,611$16,557$10,847$6,954$4,384$716
36 years$23,665$15,715$10,147$6,405$3,972$609
37 years$22,771$14,926$9,498$5,901$3,600$518
38 years$21,927$14,185$8,894$5,439$3,264$441
39 years$21,128$13,488$8,333$5,015$2,960$375
40 years$20,371$12,833$7,811$4,626$2,685$319
41 years$19,652$12,216$7,324$4,268$2,435$271
42 years$18,970$11,634$6,870$3,939$2,210$231
43 years$18,321$11,085$6,447$3,636$2,006$196
44 years$17,703$10,566$6,051$3,357$1,821$167
45 years$17,115$10,076$5,682$3,100$1,653$142
46 years$16,553$9,612$5,337$2,864$1,501$121
47 years$16,018$9,173$5,014$2,646$1,363$103
48 years$15,506$8,757$4,711$2,445$1,237$88
49 years$15,016$8,362$4,428$2,260$1,124$75
50 years$14,548$7,988$4,163$2,089$1,021$63

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 $5,200 every year, while hoping to spend $59,275 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: 35/46/19 Blend
53$14,900,000$14,900,000$14,900,000$14,900,000
54$16,425,164$15,635,464$15,404,514$16,904,483
55$18,037,462$16,338,533$15,857,497$17,958,977
56$19,812,229$17,074,067$16,323,668$19,090,097
57$21,765,972$17,843,592$16,803,407$20,309,319
58$23,916,883$18,648,710$17,297,103$21,624,508
59$26,285,007$19,491,099$17,805,158$23,044,285
60$28,892,431$20,372,516$18,327,984$24,578,097
61$31,763,492$21,294,802$18,866,004$26,236,303
62$34,925,008$22,259,887$19,419,655$28,030,264
63$38,406,530$23,269,793$19,989,385$29,972,442
64$42,240,622$24,326,638$20,575,655$32,076,509
65$46,463,165$25,432,643$21,178,939$34,357,469
66$51,113,698$26,590,133$21,799,724$36,831,790
67$56,235,791$27,801,545$22,438,510$39,517,552
68$61,877,455$29,069,434$23,095,814$42,434,606
69$68,091,595$30,396,477$23,772,164$45,604,755
70$74,936,512$31,785,477$24,468,105$49,051,944
71$82,476,446$33,239,376$25,184,196$52,802,481
72$90,782,190$34,761,252$25,921,014$56,885,269
73$99,931,755$36,354,335$26,679,149$61,332,070
74$110,011,103$38,022,006$27,459,210$66,177,794
75$121,114,963$39,767,812$28,261,821$71,460,810
76$133,347,723$41,595,469$29,087,626$77,223,301
77$146,824,415$43,508,871$29,937,285$83,511,643
78$161,671,798$45,512,098$30,811,477$90,376,831
79$178,029,560$47,609,430$31,710,900$97,874,943
80$196,051,632$49,805,348$32,636,272$106,067,656
81$215,907,641$52,104,553$33,588,330$115,022,807
82$237,784,514$54,511,970$34,567,832$124,815,019
83$261,888,238$57,032,760$35,575,558$135,526,386
84$288,445,807$59,672,335$36,612,309$147,247,228
85$317,707,366$62,436,365$37,678,907$160,076,924
86$349,948,565$65,330,795$38,776,199$174,124,828
87$385,473,172$68,361,857$39,905,054$189,511,281
88$424,615,928$71,536,080$41,066,366$206,368,719
89$467,745,717$74,860,313$42,261,054$224,842,906
90$515,269,042$78,341,730$43,490,061$245,094,278
91$567,633,864$81,987,854$44,754,358$267,299,434
92$625,333,830$85,806,571$46,054,940$291,652,776
93$688,912,934$89,806,146$47,392,834$318,368,311
94$758,970,651$93,995,245$48,769,092$347,681,646
95$836,167,595$98,382,951$50,184,795$379,852,176
96$921,231,760$102,978,785$51,641,055$415,165,500
97$1,014,965,383$107,792,729$53,139,014$453,936,084
98$1,118,252,528$112,835,248$54,679,847$496,510,190
99$1,232,067,422$118,117,312$56,264,758$543,269,111
100$1,357,483,660$123,650,421$57,894,988$594,632,722