Can I retire at age 55 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,118,701
2 years$588,682$577,719$567,093$556,791$546,798$517,199
3 years$388,557$377,546$366,947$356,741$346,911$318,213
4 years$288,513$277,536$267,043$257,012$247,420$219,844
5 years$228,503$217,592$207,237$197,410$188,085$161,708
6 years$188,509$177,680$167,478$157,870$148,825$123,672
7 years$159,953$149,215$139,175$129,794$121,035$97,108
8 years$138,546$127,905$118,031$108,881$100,410$77,699
9 years$121,905$111,364$101,660$92,742$84,560$63,044
10 years$108,600$98,162$88,630$79,945$72,049$51,703
11 years$97,721$87,388$78,028$69,576$61,965$42,757
12 years$88,662$78,435$69,248$61,027$53,697$35,595
13 years$81,002$70,882$61,869$53,878$46,825$29,791
14 years$74,442$64,430$55,589$47,827$41,047$25,042
15 years$68,762$58,858$50,190$42,653$36,141$21,126
16 years$63,797$54,001$45,504$38,191$31,941$17,875
17 years$59,421$49,733$41,407$34,315$28,321$15,161
18 years$55,535$45,955$37,799$30,924$25,182$12,886
19 years$52,063$42,591$34,603$27,943$22,445$10,971
20 years$48,941$39,578$31,757$25,308$20,048$9,355
21 years$46,120$36,865$29,211$22,968$17,941$7,986
22 years$43,560$34,412$26,922$20,883$16,082$6,825
23 years$41,225$32,185$24,858$19,019$14,436$5,838
24 years$39,088$30,155$22,989$17,346$12,975$4,997
25 years$37,125$28,299$21,293$15,842$11,676$4,280
26 years$35,316$26,597$19,748$14,485$10,517$3,668
27 years$33,644$25,031$18,338$13,258$9,482$3,145
28 years$32,094$23,586$17,047$12,147$8,556$2,698
29 years$30,654$22,251$15,864$11,139$7,726$2,315
30 years$29,312$21,014$14,777$10,223$6,981$1,987
31 years$28,059$19,865$13,776$9,389$6,311$1,706
32 years$26,887$18,796$12,853$8,629$5,709$1,465
33 years$25,788$17,800$12,001$7,935$5,167$1,258
34 years$24,756$16,871$11,213$7,301$4,678$1,081
35 years$23,785$16,002$10,483$6,721$4,237$929
36 years$22,871$15,188$9,807$6,190$3,839$798
37 years$22,007$14,425$9,179$5,703$3,479$686
38 years$21,191$13,709$8,596$5,257$3,154$589
39 years$20,419$13,036$8,053$4,847$2,860$506
40 years$19,687$12,402$7,548$4,471$2,594$435
41 years$18,993$11,806$7,078$4,125$2,354$374
42 years$18,333$11,244$6,639$3,807$2,136$322
43 years$17,706$10,713$6,230$3,514$1,938$276
44 years$17,109$10,212$5,848$3,245$1,759$238
45 years$16,540$9,738$5,491$2,996$1,597$204
46 years$15,998$9,289$5,157$2,768$1,450$176
47 years$15,480$8,865$4,845$2,557$1,317$151
48 years$14,985$8,463$4,553$2,363$1,196$130
49 years$14,512$8,081$4,280$2,184$1,086$112
50 years$14,059$7,720$4,024$2,018$987$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $14,400,000, adding $3,785 every year, while hoping to spend $57,818 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: 34/47/19 Blend
54$14,400,000$14,400,000$14,400,000$14,400,000
55$15,872,704$15,109,504$14,886,304$16,319,523
56$17,430,202$15,788,352$15,323,478$17,327,816
57$19,144,627$16,498,526$15,773,358$18,408,778
58$21,031,924$17,241,499$16,236,311$19,573,255
59$23,109,664$18,018,816$16,712,711$20,828,663
60$25,397,207$18,832,095$17,202,944$22,183,132
61$27,915,885$19,683,030$17,707,406$23,645,566
62$30,689,206$20,573,399$18,226,504$25,225,730
63$33,743,071$21,505,062$18,760,658$26,934,328
64$37,106,022$22,479,968$19,310,298$28,783,102
65$40,809,511$23,500,161$19,875,868$30,784,928
66$44,888,195$24,567,782$20,457,823$32,953,938
67$49,380,261$25,685,075$21,056,631$35,305,638
68$54,327,793$26,854,388$21,672,773$37,857,050
69$59,777,162$28,078,187$22,306,744$40,626,858
70$65,779,465$29,359,051$22,959,054$43,635,583
71$72,391,013$30,699,687$23,630,224$46,905,757
72$79,673,853$32,102,928$24,320,793$50,462,132
73$87,696,359$33,571,745$25,031,313$54,331,901
74$96,533,878$35,109,250$25,762,352$58,544,940
75$106,269,437$36,718,707$26,514,495$63,134,081
76$116,994,530$38,403,535$27,288,341$68,135,410
77$128,809,979$40,167,315$28,084,507$73,588,589
78$141,826,888$42,013,804$28,903,629$79,537,224
79$156,167,687$43,946,937$29,746,357$86,029,255
80$171,967,293$45,970,839$30,613,362$93,117,398
81$189,374,380$48,089,833$31,505,332$100,859,626
82$208,552,781$50,308,450$32,422,976$109,319,697
83$229,683,040$52,631,439$33,367,021$118,567,741
84$252,964,108$55,063,777$34,338,214$128,680,903
85$278,615,227$57,610,682$35,337,324$139,744,051
86$306,877,997$60,277,622$36,365,141$151,850,559
87$338,018,656$63,070,329$37,422,476$165,103,168
88$372,330,593$65,994,810$38,510,164$179,614,930
89$410,137,121$69,057,362$39,629,061$195,510,258
90$451,794,521$72,264,587$40,780,049$212,926,070
91$497,695,415$75,623,404$41,964,033$232,013,063
92$548,272,461$79,141,065$43,181,942$252,937,106
93$604,002,448$82,825,173$44,434,733$275,880,777
94$665,410,789$86,683,697$45,723,387$301,045,060
95$733,076,483$90,724,992$47,048,915$328,651,212
96$807,637,582$94,957,815$48,412,352$358,942,821
97$889,797,214$99,391,347$49,814,764$392,188,070
98$980,330,217$104,035,210$51,257,246$428,682,235
99$1,080,090,458$108,899,493$52,740,922$468,750,439
100$1,190,018,889$113,994,773$54,266,947$512,750,679