Can I retire at age 55 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,078,057
2 years$572,330$561,671$551,341$541,325$531,609$493,390
3 years$377,763$367,058$356,754$346,832$337,275$300,359
4 years$280,499$269,827$259,625$249,873$240,547$205,218
5 years$222,156$211,547$201,480$191,926$182,860$149,210
6 years$183,273$172,744$162,826$153,485$144,691$112,747
7 years$155,510$145,070$135,309$126,189$117,673$87,429
8 years$134,698$124,352$114,753$105,856$97,621$69,054
9 years$118,519$108,271$98,837$90,166$82,211$55,285
10 years$105,583$95,436$86,168$77,724$70,048$44,719
11 years$95,006$84,961$75,861$67,643$60,243$36,461
12 years$86,199$76,256$67,325$59,332$52,206$29,915
13 years$78,752$68,913$60,150$52,381$45,524$24,667
14 years$72,375$62,640$54,045$46,498$39,906$20,422
15 years$66,852$57,223$48,795$41,468$35,137$16,962
16 years$62,025$52,501$44,240$37,130$31,054$14,127
17 years$57,770$48,351$40,257$33,361$27,535$11,791
18 years$53,993$44,679$36,749$30,065$24,482$9,859
19 years$50,616$41,408$33,642$27,167$21,822$8,256
20 years$47,582$38,478$30,875$24,605$19,492$6,923
21 years$44,839$35,841$28,399$22,330$17,443$5,810
22 years$42,350$33,456$26,174$20,303$15,635$4,881
23 years$40,080$31,291$24,167$18,491$14,035$4,103
24 years$38,003$29,318$22,351$16,865$12,615$3,452
25 years$36,094$27,513$20,701$15,402$11,351$2,905
26 years$34,335$25,858$19,199$14,082$10,225$2,446
27 years$32,710$24,335$17,828$12,890$9,219$2,060
28 years$31,203$22,931$16,574$11,810$8,318$1,736
29 years$29,803$21,633$15,423$10,830$7,511$1,463
30 years$28,498$20,430$14,366$9,939$6,787$1,233
31 years$27,280$19,313$13,393$9,128$6,136$1,039
32 years$26,140$18,274$12,496$8,389$5,550$876
33 years$25,072$17,306$11,668$7,715$5,023$739
34 years$24,069$16,402$10,902$7,098$4,548$623
35 years$23,125$15,557$10,192$6,534$4,119$526
36 years$22,235$14,766$9,535$6,018$3,732$444
37 years$21,396$14,024$8,924$5,545$3,383$374
38 years$20,602$13,328$8,357$5,111$3,067$316
39 years$19,852$12,674$7,830$4,712$2,781$266
40 years$19,140$12,058$7,339$4,346$2,522$225
41 years$18,465$11,478$6,881$4,010$2,288$190
42 years$17,824$10,931$6,455$3,701$2,076$160
43 years$17,214$10,415$6,057$3,416$1,885$135
44 years$16,634$9,928$5,686$3,154$1,711$114
45 years$16,081$9,467$5,339$2,913$1,553$96
46 years$15,554$9,031$5,014$2,691$1,410$81
47 years$15,050$8,619$4,711$2,486$1,280$68
48 years$14,569$8,228$4,427$2,297$1,163$58
49 years$14,109$7,857$4,161$2,123$1,056$49
50 years$13,669$7,505$3,912$1,962$959$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $14,000,000, adding $2,132 every year, while hoping to spend $43,608 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: 61/32/7 Blend
54$14,000,000$14,000,000$14,000,000$14,000,000
55$15,430,199$14,688,199$14,471,199$16,349,766
56$16,957,681$15,361,522$14,909,586$17,638,205
57$18,639,504$16,066,377$15,361,197$19,038,155
58$20,491,366$16,804,262$15,826,429$20,564,485
59$22,530,562$17,576,748$16,305,692$22,229,379
60$24,776,153$18,385,481$16,799,405$24,046,232
61$27,249,139$19,232,188$17,308,004$26,029,773
62$29,972,663$20,118,677$17,831,934$28,196,197
63$32,972,226$21,046,844$18,371,655$30,563,318
64$36,275,928$22,018,675$18,927,641$33,150,725
65$39,914,735$23,036,252$19,500,379$35,979,970
66$43,922,769$24,101,759$20,090,372$39,074,757
67$48,337,628$25,217,482$20,698,137$42,461,168
68$53,200,748$26,385,820$21,324,206$46,167,900
69$58,557,785$27,609,286$21,969,127$50,226,528
70$64,459,052$28,890,514$22,633,467$54,671,798
71$70,959,993$30,232,267$23,317,805$59,541,949
72$78,121,702$31,637,438$24,022,741$64,879,066
73$86,011,505$33,109,061$24,748,892$70,729,470
74$94,703,591$34,650,319$25,496,893$77,144,147
75$104,279,716$36,264,543$26,267,398$84,179,220
76$114,829,972$37,955,230$27,061,080$91,896,472
77$126,453,635$39,726,042$27,878,633$100,363,922
78$139,260,109$41,580,822$28,720,770$109,656,451
79$153,369,952$43,523,594$29,588,228$119,856,508
80$168,916,016$45,558,579$30,481,762$131,054,869
81$186,044,702$47,690,201$31,402,153$143,351,489
82$204,917,340$49,923,100$32,350,204$156,856,435
83$225,711,714$52,262,137$33,326,741$171,690,907
84$248,623,737$54,712,410$34,332,615$187,988,376
85$273,869,304$57,279,263$35,368,704$205,895,828
86$301,686,326$59,968,300$36,435,908$225,575,137
87$332,336,978$62,785,394$37,535,158$247,204,583
88$366,110,174$65,736,702$38,667,410$270,980,516
89$403,324,293$68,828,682$39,833,649$297,119,195
90$444,330,185$72,068,101$41,034,891$325,858,814
91$489,514,482$75,462,057$42,272,178$357,461,733
92$539,303,250$79,017,989$43,546,587$392,216,939
93$594,166,009$82,743,698$44,859,225$430,442,750
94$654,620,165$86,647,362$46,211,232$472,489,805
95$721,235,895$90,737,556$47,603,782$518,744,352
96$794,641,531$95,023,271$49,038,083$569,631,875
97$875,529,488$99,513,932$50,515,379$625,621,083
98$964,662,804$104,219,423$52,036,953$687,228,316
99$1,062,882,342$109,150,106$53,604,122$755,022,394
100$1,171,114,726$114,316,846$55,218,246$829,629,958