Can I retire at age 55 with 14,300,000?

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 $14,300,000?

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$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,101,158
2 years$584,594$573,707$563,155$552,924$543,001$503,962
3 years$385,858$374,924$364,399$354,264$344,502$306,795
4 years$286,510$275,609$265,189$255,227$245,702$209,615
5 years$226,916$216,081$205,797$196,039$186,779$152,408
6 years$187,200$176,446$166,315$156,774$147,792$115,163
7 years$158,843$148,179$138,208$128,893$120,194$89,303
8 years$137,584$127,017$117,212$108,125$99,713$70,534
9 years$121,058$110,591$100,954$92,098$83,972$56,470
10 years$107,846$97,481$88,014$79,390$71,549$45,677
11 years$97,042$86,781$77,486$69,093$61,534$37,242
12 years$88,046$77,890$68,767$60,604$53,324$30,556
13 years$80,440$70,390$61,439$53,504$46,500$25,196
14 years$73,925$63,982$55,203$47,495$40,761$20,859
15 years$68,285$58,449$49,841$42,357$35,890$17,326
16 years$63,354$53,626$45,188$37,926$31,719$14,429
17 years$59,008$49,388$41,120$34,076$28,125$12,044
18 years$55,150$45,636$37,537$30,710$25,007$10,070
19 years$51,701$42,295$34,363$27,749$22,289$8,433
20 years$48,601$39,303$31,537$25,132$19,909$7,071
21 years$45,800$36,609$29,008$22,809$17,817$5,935
22 years$43,257$34,173$26,735$20,738$15,970$4,986
23 years$40,939$31,961$24,685$18,887$14,336$4,191
24 years$38,817$29,946$22,830$17,226$12,885$3,526
25 years$36,868$28,103$21,145$15,732$11,595$2,967
26 years$35,071$26,412$19,611$14,384$10,444$2,498
27 years$33,411$24,857$18,210$13,166$9,416$2,104
28 years$31,872$23,422$16,929$12,063$8,496$1,773
29 years$30,441$22,096$15,754$11,062$7,672$1,494
30 years$29,109$20,868$14,674$10,152$6,932$1,259
31 years$27,864$19,727$13,680$9,324$6,267$1,062
32 years$26,700$18,666$12,764$8,569$5,669$895
33 years$25,609$17,677$11,918$7,880$5,131$755
34 years$24,584$16,753$11,135$7,250$4,645$637
35 years$23,620$15,890$10,411$6,674$4,207$537
36 years$22,712$15,082$9,739$6,147$3,812$453
37 years$21,854$14,325$9,115$5,663$3,455$382
38 years$21,044$13,614$8,536$5,220$3,132$322
39 years$20,277$12,945$7,997$4,813$2,840$272
40 years$19,550$12,316$7,496$4,440$2,576$229
41 years$18,861$11,724$7,029$4,096$2,337$194
42 years$18,206$11,165$6,593$3,780$2,121$163
43 years$17,583$10,638$6,187$3,490$1,925$138
44 years$16,990$10,141$5,808$3,222$1,747$116
45 years$16,426$9,670$5,453$2,976$1,586$98
46 years$15,887$9,225$5,122$2,749$1,440$83
47 years$15,373$8,803$4,812$2,539$1,308$70
48 years$14,881$8,404$4,522$2,346$1,188$59
49 years$14,411$8,025$4,250$2,169$1,079$50
50 years$13,962$7,666$3,996$2,004$980$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $14,300,000, adding $4,784 every year, while hoping to spend $23,915 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
54$14,300,000$14,300,000$14,300,000$14,300,000
55$15,763,535$15,005,635$14,783,985$16,712,919
56$17,345,970$15,715,465$15,253,803$18,062,107
57$19,089,012$16,459,276$15,738,558$19,534,006
58$21,009,017$17,238,707$16,238,726$21,143,323
59$23,124,011$18,055,477$16,754,797$22,903,625
60$25,453,854$18,911,390$17,287,277$24,829,844
61$28,020,433$19,808,334$17,836,687$26,938,420
62$30,847,868$20,748,293$18,403,566$29,247,451
63$33,962,735$21,733,344$18,988,471$31,776,862
64$37,394,323$22,765,667$19,591,974$34,548,591
65$41,174,906$23,847,547$20,214,667$37,586,796
66$45,340,049$24,981,379$20,857,160$40,918,074
67$49,928,943$26,169,676$21,520,084$44,571,717
68$54,984,777$27,415,072$22,204,089$48,579,981
69$60,555,143$28,720,329$22,909,845$52,978,387
70$66,692,487$30,088,345$23,638,044$57,806,058
71$73,454,603$31,522,155$24,389,401$63,106,080
72$80,905,178$33,024,947$25,164,651$68,925,908
73$89,114,396$34,600,058$25,964,556$75,317,811
74$98,159,595$36,250,993$26,789,900$82,339,359
75$108,126,005$37,981,422$27,641,492$90,053,967
76$119,107,543$39,795,197$28,520,168$98,531,487
77$131,207,707$41,696,357$29,426,789$107,848,862
78$144,540,551$43,689,136$30,362,244$118,090,854
79$159,231,759$45,777,976$31,327,451$129,350,833
80$175,419,835$47,967,533$32,323,357$141,731,657
81$193,257,407$50,262,691$33,350,939$155,346,641
82$212,912,672$52,668,572$34,411,204$170,320,616
83$234,570,978$55,190,545$35,505,193$186,791,109
84$258,436,579$57,834,243$36,633,978$204,909,629
85$284,734,562$60,605,573$37,798,668$224,843,097
86$313,712,968$63,510,727$39,000,405$246,775,417
87$345,645,140$66,556,202$40,240,367$270,909,200
88$380,832,297$69,748,808$41,519,772$297,467,676
89$419,606,381$73,095,690$42,839,875$326,696,793
90$462,333,192$76,604,339$44,201,970$358,867,535
91$509,415,836$80,282,610$45,607,395$394,278,467
92$561,298,537$84,138,744$47,057,528$433,258,553
93$618,470,825$88,181,380$48,553,793$476,170,249
94$681,472,162$92,419,580$50,097,658$523,412,922
95$750,897,031$96,862,847$51,690,637$575,426,608
96$827,400,549$101,521,148$53,334,295$632,696,158
97$911,704,655$106,404,934$55,030,244$695,755,809
98$1,004,604,921$111,525,167$56,780,148$765,194,217
99$1,106,978,065$116,893,343$58,585,725$841,660,004
100$1,219,790,229$122,521,517$60,448,748$925,867,871