Can I retire at age 55 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,090,851
2 years$580,506$569,695$559,217$549,058$539,204$497,878
3 years$383,160$372,302$361,850$351,787$342,093$302,218
4 years$284,506$273,681$263,334$253,443$243,984$205,864
5 years$225,329$214,569$204,358$194,668$185,472$149,207
6 years$185,891$175,212$165,152$155,678$146,758$112,373
7 years$157,732$147,143$137,242$127,991$119,354$86,841
8 years$136,622$126,129$116,392$107,369$99,015$68,346
9 years$120,212$109,818$100,248$91,454$83,385$54,517
10 years$107,092$96,799$87,399$78,834$71,048$43,931
11 years$96,364$86,174$76,945$68,610$61,104$35,679
12 years$87,430$77,345$68,286$60,180$52,951$29,157
13 years$79,877$69,898$61,009$53,130$46,175$23,944
14 years$73,408$63,535$54,817$47,163$40,476$19,740
15 years$67,807$58,040$49,493$42,061$35,639$16,326
16 years$62,911$53,251$44,872$37,661$31,498$13,538
17 years$58,596$49,042$40,832$33,838$27,928$11,250
18 years$54,764$45,317$37,274$30,495$24,832$9,364
19 years$51,339$41,999$34,123$27,555$22,133$7,806
20 years$48,261$39,028$31,316$24,956$19,770$6,515
21 years$45,480$36,353$28,805$22,649$17,692$5,443
22 years$42,955$33,934$26,548$20,593$15,858$4,551
23 years$40,653$31,738$24,513$18,755$14,235$3,808
24 years$38,545$29,736$22,670$17,105$12,795$3,188
25 years$36,610$27,906$20,997$15,622$11,514$2,670
26 years$34,826$26,227$19,474$14,284$10,371$2,237
27 years$33,177$24,683$18,083$13,074$9,350$1,875
28 years$31,649$23,259$16,810$11,979$8,437$1,572
29 years$30,228$21,942$15,644$10,985$7,618$1,319
30 years$28,905$20,722$14,571$10,081$6,884$1,106
31 years$27,670$19,589$13,584$9,259$6,224$928
32 years$26,514$18,535$12,675$8,509$5,630$778
33 years$25,430$17,553$11,834$7,825$5,095$653
34 years$24,412$16,636$11,057$7,200$4,613$548
35 years$23,455$15,779$10,338$6,628$4,178$460
36 years$22,553$14,977$9,671$6,104$3,785$386
37 years$21,701$14,225$9,052$5,624$3,431$324
38 years$20,897$13,518$8,476$5,184$3,110$272
39 years$20,135$12,855$7,942$4,780$2,821$228
40 years$19,414$12,230$7,444$4,408$2,558$192
41 years$18,729$11,642$6,980$4,067$2,321$161
42 years$18,079$11,087$6,547$3,754$2,106$135
43 years$17,460$10,564$6,144$3,465$1,911$113
44 years$16,872$10,070$5,767$3,199$1,735$95
45 years$16,311$9,602$5,415$2,955$1,575$80
46 years$15,776$9,160$5,086$2,729$1,430$67
47 years$15,265$8,742$4,778$2,522$1,299$56
48 years$14,777$8,345$4,490$2,330$1,179$47
49 years$14,311$7,969$4,220$2,153$1,071$40
50 years$13,864$7,612$3,968$1,990$973$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $14,200,000, adding $6,486 every year, while hoping to spend $20,190 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: 42/46/12 Blend
54$14,200,000$14,200,000$14,200,000$14,200,000
55$15,655,090$14,902,490$14,682,390$16,257,295
56$17,230,428$15,611,230$15,152,768$17,388,711
57$18,965,772$16,354,022$15,638,227$18,610,579
58$20,877,425$17,132,512$16,139,251$19,933,206
59$22,983,345$17,948,429$16,656,340$21,365,802
60$25,303,327$18,803,582$17,190,008$22,918,465
61$27,859,181$19,699,873$17,740,788$24,602,273
62$30,674,942$20,639,291$18,309,228$26,429,380
63$33,777,095$21,623,925$18,895,897$28,413,121
64$37,194,828$22,655,966$19,501,378$30,568,136
65$40,960,301$23,737,710$20,126,275$32,910,492
66$45,108,959$24,871,564$20,771,212$35,457,834
67$49,679,857$26,060,055$21,436,832$38,229,537
68$54,716,034$27,305,830$22,123,798$41,246,881
69$60,264,920$28,611,666$22,832,796$44,533,244
70$66,378,780$29,980,476$23,564,532$48,114,308
71$73,115,209$31,415,312$24,319,737$52,018,296
72$80,537,675$32,919,378$25,099,164$56,276,221
73$88,716,123$34,496,032$25,903,590$60,922,174
74$97,727,625$36,148,795$26,733,818$65,993,627
75$107,657,118$37,881,361$27,590,676$71,531,775
76$118,598,199$39,697,603$28,475,019$77,581,916
77$130,654,012$41,601,583$29,387,729$84,193,856
78$143,938,221$43,597,559$30,329,717$91,422,373
79$158,576,079$45,690,000$31,301,923$99,327,712
80$174,705,619$47,883,589$32,305,317$107,976,140
81$192,478,947$50,183,240$33,340,900$117,440,552
82$212,063,685$52,594,105$34,409,706$127,801,146
83$233,644,551$55,121,586$35,512,801$139,146,156
84$257,425,102$57,771,350$36,651,287$151,572,667
85$283,629,656$60,549,340$37,826,299$165,187,511
86$312,505,412$63,461,789$39,039,011$180,108,255
87$344,324,779$66,515,231$40,290,632$196,464,284
88$379,387,952$69,716,523$41,582,414$214,398,003
89$418,025,742$73,072,852$42,915,644$234,066,155
90$460,602,704$76,591,758$44,291,654$255,641,273
91$507,520,574$80,281,148$45,711,819$279,313,282
92$559,222,063$84,149,315$47,177,555$305,291,264
93$616,195,037$88,204,955$48,690,327$333,805,401
94$678,977,123$92,457,190$50,251,645$365,109,118
95$748,160,783$96,915,585$51,863,068$399,481,438
96$824,398,907$101,590,173$53,526,206$437,229,587
97$908,410,981$106,491,477$55,242,719$478,691,855
98$1,000,989,872$111,630,531$57,014,321$524,240,750
99$1,103,009,322$117,018,910$58,842,783$574,286,478
100$1,215,432,187$122,668,751$60,729,931$629,280,774