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%11.4%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,141,518
2 years$588,682$577,719$567,093$556,791$546,798$539,980
3 years$388,557$377,546$366,947$356,741$346,911$340,244
4 years$288,513$277,536$267,043$257,012$247,420$240,955
5 years$228,503$217,592$207,237$197,410$188,085$181,842
6 years$188,509$177,680$167,478$157,870$148,825$142,812
7 years$159,953$149,215$139,175$129,794$121,035$115,254
8 years$138,546$127,905$118,031$108,881$100,410$94,862
9 years$121,905$111,364$101,660$92,742$84,560$79,243
10 years$108,600$98,162$88,630$79,945$72,049$66,961
11 years$97,721$87,388$78,028$69,576$61,965$57,102
12 years$88,662$78,435$69,248$61,027$53,697$49,056
13 years$81,002$70,882$61,869$53,878$46,825$42,400
14 years$74,442$64,430$55,589$47,827$41,047$36,833
15 years$68,762$58,858$50,190$42,653$36,141$32,133
16 years$63,797$54,001$45,504$38,191$31,941$28,134
17 years$59,421$49,733$41,407$34,315$28,321$24,708
18 years$55,535$45,955$37,799$30,924$25,182$21,757
19 years$52,063$42,591$34,603$27,943$22,445$19,202
20 years$48,941$39,578$31,757$25,308$20,048$16,980
21 years$46,120$36,865$29,211$22,968$17,941$15,042
22 years$43,560$34,412$26,922$20,883$16,082$13,345
23 years$41,225$32,185$24,858$19,019$14,436$11,855
24 years$39,088$30,155$22,989$17,346$12,975$10,543
25 years$37,125$28,299$21,293$15,842$11,676$9,387
26 years$35,316$26,597$19,748$14,485$10,517$8,364
27 years$33,644$25,031$18,338$13,258$9,482$7,459
28 years$32,094$23,586$17,047$12,147$8,556$6,657
29 years$30,654$22,251$15,864$11,139$7,726$5,945
30 years$29,312$21,014$14,777$10,223$6,981$5,311
31 years$28,059$19,865$13,776$9,389$6,311$4,748
32 years$26,887$18,796$12,853$8,629$5,709$4,246
33 years$25,788$17,800$12,001$7,935$5,167$3,799
34 years$24,756$16,871$11,213$7,301$4,678$3,400
35 years$23,785$16,002$10,483$6,721$4,237$3,044
36 years$22,871$15,188$9,807$6,190$3,839$2,726
37 years$22,007$14,425$9,179$5,703$3,479$2,442
38 years$21,191$13,709$8,596$5,257$3,154$2,188
39 years$20,419$13,036$8,053$4,847$2,860$1,960
40 years$19,687$12,402$7,548$4,471$2,594$1,757
41 years$18,993$11,806$7,078$4,125$2,354$1,575
42 years$18,333$11,244$6,639$3,807$2,136$1,412
43 years$17,706$10,713$6,230$3,514$1,938$1,266
44 years$17,109$10,212$5,848$3,245$1,759$1,136
45 years$16,540$9,738$5,491$2,996$1,597$1,018
46 years$15,998$9,289$5,157$2,768$1,450$913
47 years$15,480$8,865$4,845$2,557$1,317$819
48 years$14,985$8,463$4,553$2,363$1,196$735
49 years$14,512$8,081$4,280$2,184$1,086$659
50 years$14,059$7,720$4,024$2,018$987$592

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 $6,391 every year, while hoping to spend $43,617 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: 39/42/19 Blend
54$14,400,000$14,400,000$14,400,000$14,400,000
55$15,875,392$15,112,192$14,888,992$16,404,293
56$17,448,274$15,806,282$15,341,365$17,478,455
57$19,180,128$16,532,919$15,807,431$18,634,529
58$21,087,123$17,293,655$16,287,602$19,883,672
59$23,187,077$18,090,110$16,782,304$21,234,338
60$25,499,621$18,923,988$17,291,973$22,695,801
61$28,046,389$19,797,071$17,817,061$24,278,234
62$30,851,221$20,711,227$18,358,033$25,992,796
63$33,940,385$21,668,417$18,915,367$27,851,733
64$37,342,828$22,670,693$19,489,555$29,868,489
65$41,090,446$23,720,206$20,081,104$32,057,820
66$45,218,388$24,819,213$20,690,538$34,435,928
67$49,765,388$25,970,078$21,318,395$37,020,608
68$54,774,125$27,175,280$21,965,229$39,831,403
69$60,291,632$28,437,415$22,631,611$42,889,784
70$66,369,737$29,759,207$23,318,128$46,219,341
71$73,065,552$31,143,510$24,025,387$49,845,997
72$80,442,013$32,593,316$24,754,012$53,798,239
73$88,568,471$34,111,762$25,504,645$58,107,383
74$97,521,351$35,702,135$26,277,947$62,807,853
75$107,384,871$37,367,881$27,074,599$67,937,496
76$118,251,834$39,112,613$27,895,305$73,537,928
77$130,224,509$40,940,119$28,740,786$79,654,911
78$143,415,593$42,854,369$29,611,786$86,338,776
79$157,949,276$44,859,525$30,509,073$93,644,883
80$173,962,410$46,959,951$31,433,436$101,634,125
81$191,605,808$49,160,220$32,385,687$110,373,493
82$211,045,657$51,465,128$33,366,665$119,936,689
83$232,465,097$53,879,702$34,377,231$130,404,808
84$256,065,943$56,409,213$35,418,274$141,867,081
85$282,070,591$59,059,187$36,490,708$154,421,705
86$310,724,120$61,835,416$37,595,476$168,176,747
87$342,296,602$64,743,973$38,733,546$183,251,145
88$377,085,654$67,791,226$39,905,918$199,775,810
89$415,419,245$70,983,851$41,113,621$217,894,842
90$457,658,795$74,328,846$42,357,714$237,766,861
91$504,202,582$77,833,549$43,639,287$259,566,488
92$555,489,508$81,505,655$44,959,465$283,485,965
93$612,003,235$85,353,230$46,319,405$309,736,941
94$674,276,756$89,384,730$47,720,297$338,552,447
95$742,897,427$93,609,023$49,163,368$370,189,064
96$818,512,505$98,035,406$50,649,882$404,929,314
97$901,835,268$102,673,628$52,181,140$443,084,301
98$993,651,738$107,533,908$53,758,481$484,996,609
99$1,094,828,110$112,626,965$55,383,285$531,043,503
100$1,206,318,926$117,964,034$57,056,973$581,640,455