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%12.8%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,174,274
2 years$609,123$597,778$586,784$576,124$565,784$551,820
3 years$402,048$390,655$379,688$369,128$358,957$345,336
4 years$298,531$287,173$276,316$265,936$256,011$242,838
5 years$236,437$225,147$214,432$204,264$194,615$181,928
6 years$195,055$183,849$173,293$163,352$153,993$141,807
7 years$165,507$154,396$144,007$134,301$125,237$113,558
8 years$143,357$132,346$122,130$112,661$103,896$92,723
9 years$126,138$115,231$105,190$95,963$87,496$76,823
10 years$112,371$101,571$91,707$82,721$74,551$64,372
11 years$101,114$90,422$80,738$71,992$64,116$54,423
12 years$91,740$81,158$71,653$63,146$55,562$46,343
13 years$83,815$73,343$64,017$55,749$48,451$39,695
14 years$77,027$66,667$57,519$49,488$42,472$34,167
15 years$71,150$60,902$51,932$44,134$37,395$29,528
16 years$66,013$55,876$47,084$39,517$33,050$25,607
17 years$61,484$51,460$42,845$35,506$29,305$22,270
18 years$57,464$47,551$39,112$31,998$26,056$19,417
19 years$53,870$44,070$35,805$28,913$23,225$16,965
20 years$50,640$40,952$32,860$26,186$20,745$14,850
21 years$47,722$38,145$30,225$23,766$18,564$13,019
22 years$45,072$35,607$27,857$21,609$16,640$11,429
23 years$42,657$33,303$25,721$19,679$14,937$10,045
24 years$40,446$31,202$23,787$17,949$13,426$8,838
25 years$38,415$29,282$22,032$16,392$12,081$7,784
26 years$36,543$27,520$20,434$14,988$10,882$6,860
27 years$34,813$25,900$18,974$13,719$9,811$6,050
28 years$33,209$24,405$17,639$12,569$8,853$5,339
29 years$31,718$23,023$16,415$11,526$7,994$4,714
30 years$30,330$21,743$15,290$10,578$7,223$4,165
31 years$29,034$20,555$14,254$9,715$6,530$3,680
32 years$27,821$19,449$13,299$8,929$5,907$3,254
33 years$26,684$18,418$12,418$8,211$5,346$2,877
34 years$25,616$17,456$11,602$7,554$4,840$2,545
35 years$24,611$16,557$10,847$6,954$4,384$2,252
36 years$23,665$15,715$10,147$6,405$3,972$1,993
37 years$22,771$14,926$9,498$5,901$3,600$1,764
38 years$21,927$14,185$8,894$5,439$3,264$1,562
39 years$21,128$13,488$8,333$5,015$2,960$1,383
40 years$20,371$12,833$7,811$4,626$2,685$1,225
41 years$19,652$12,216$7,324$4,268$2,435$1,085
42 years$18,970$11,634$6,870$3,939$2,210$961
43 years$18,321$11,085$6,447$3,636$2,006$851
44 years$17,703$10,566$6,051$3,357$1,821$754
45 years$17,115$10,076$5,682$3,100$1,653$668
46 years$16,553$9,612$5,337$2,864$1,501$592
47 years$16,018$9,173$5,014$2,646$1,363$525
48 years$15,506$8,757$4,711$2,445$1,237$465
49 years$15,016$8,362$4,428$2,260$1,124$412
50 years$14,548$7,988$4,163$2,089$1,021$365

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 $3,629 every year, while hoping to spend $58,696 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: 29/46/25 Blend
53$14,900,000$14,900,000$14,900,000$14,900,000
54$16,423,543$15,633,843$15,402,893$16,772,087
55$18,036,293$16,337,450$15,856,438$17,748,197
56$19,811,575$17,073,565$16,323,209$18,791,468
57$21,765,907$17,843,721$16,803,588$19,911,905
58$23,917,488$18,649,522$17,297,967$21,116,200
59$26,286,371$19,492,648$17,806,748$22,411,676
60$28,894,653$20,374,860$18,330,346$23,806,353
61$31,766,683$21,298,003$18,869,188$25,309,012
62$34,929,290$22,264,011$19,423,711$26,929,274
63$38,412,039$23,274,908$19,994,367$28,677,680
64$42,247,507$24,332,819$20,581,618$30,565,786
65$46,471,591$25,439,966$21,185,941$32,606,262
66$51,123,851$26,598,681$21,807,827$34,812,999
67$56,247,873$27,811,406$22,447,779$37,201,238
68$61,891,691$29,080,700$23,106,315$39,787,696
69$68,108,235$30,409,246$23,783,968$42,590,722
70$74,955,830$31,799,854$24,481,285$45,630,453
71$82,498,746$33,255,468$25,198,830$48,928,996
72$90,807,809$34,779,177$25,937,182$52,510,624
73$99,961,063$36,374,214$26,696,935$56,401,993
74$110,044,511$38,043,970$27,478,702$60,632,383
75$121,152,925$39,791,998$28,283,112$65,233,957
76$133,390,739$41,622,022$29,110,812$70,242,055
77$146,873,036$43,537,943$29,962,466$75,695,511
78$161,726,636$45,543,852$30,838,759$81,637,003
79$178,091,289$47,644,037$31,740,393$88,113,444
80$196,120,994$49,842,989$32,668,090$95,176,404
81$215,985,458$52,145,418$33,622,594$102,882,582
82$237,871,692$54,556,260$34,604,668$111,294,322
83$261,985,776$57,080,689$35,615,096$120,480,184
84$288,554,809$59,724,126$36,654,685$130,515,567
85$317,829,047$62,492,256$37,724,265$141,483,407
86$350,084,270$65,391,036$38,824,687$153,474,932
87$385,624,380$68,426,712$39,956,829$166,590,503
88$424,784,274$71,605,828$41,121,590$180,940,539
89$467,933,003$74,935,246$42,319,896$196,646,531
90$515,477,255$78,422,159$43,552,698$213,842,165
91$567,865,196$82,074,106$44,820,975$232,674,557
92$625,590,699$85,898,990$46,125,730$253,305,612
93$689,198,005$89,905,096$47,467,998$275,913,524
94$759,286,864$94,101,108$48,848,838$300,694,427
95$836,518,193$98,496,131$50,269,342$327,864,211
96$921,620,315$103,099,708$51,730,632$357,660,529
97$1,015,395,838$107,921,844$53,233,859$390,345,005
98$1,118,729,226$112,973,027$54,780,206$426,205,663
99$1,232,595,156$118,264,254$56,370,891$465,559,610
100$1,358,067,710$123,807,050$58,007,164$508,755,988