Can I retire at age 55 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,132,864
2 years$596,859$585,743$574,970$564,524$554,393$523,021
3 years$393,953$382,789$372,043$361,696$351,729$321,329
4 years$292,520$281,391$270,752$260,582$250,856$221,661
5 years$231,677$220,614$210,115$200,152$190,697$162,787
6 years$191,127$180,148$169,804$160,063$150,892$124,294
7 years$162,175$151,288$141,108$131,597$122,716$97,430
8 years$140,471$129,682$119,671$110,393$101,804$77,820
9 years$123,598$112,911$103,072$94,030$85,734$63,028
10 years$110,108$99,526$89,861$81,055$73,050$51,593
11 years$99,078$88,602$79,112$70,542$62,825$42,584
12 years$89,893$79,524$70,210$61,875$54,443$35,381
13 years$82,127$71,867$62,728$54,626$47,475$29,552
14 years$75,476$65,325$56,361$48,491$41,617$24,791
15 years$69,718$59,675$50,887$43,246$36,643$20,869
16 years$64,684$54,751$46,136$38,722$32,385$17,620
17 years$60,246$50,424$41,982$34,791$28,715$14,913
18 years$56,307$46,594$38,324$31,354$25,532$12,647
19 years$52,786$43,183$35,084$28,331$22,757$10,743
20 years$49,621$40,127$32,198$25,659$20,327$9,140
21 years$46,761$37,377$29,616$23,287$18,190$7,785
22 years$44,165$34,890$27,296$21,173$16,305$6,637
23 years$41,798$32,632$25,203$19,283$14,636$5,664
24 years$39,631$30,574$23,309$17,587$13,155$4,837
25 years$37,641$28,692$21,588$16,062$11,838$4,133
26 years$35,807$26,966$20,022$14,686$10,663$3,534
27 years$34,112$25,378$18,592$13,442$9,614$3,022
28 years$32,540$23,914$17,284$12,316$8,675$2,586
29 years$31,080$22,560$16,084$11,294$7,833$2,214
30 years$29,719$21,305$14,982$10,365$7,078$1,895
31 years$28,449$20,141$13,967$9,520$6,399$1,623
32 years$27,261$19,057$13,032$8,749$5,788$1,390
33 years$26,146$18,047$12,168$8,045$5,238$1,191
34 years$25,100$17,105$11,369$7,402$4,743$1,021
35 years$24,116$16,224$10,629$6,814$4,296$875
36 years$23,188$15,399$9,943$6,276$3,892$750
37 years$22,313$14,625$9,307$5,782$3,528$643
38 years$21,485$13,899$8,715$5,330$3,198$551
39 years$20,702$13,217$8,165$4,914$2,900$472
40 years$19,961$12,575$7,653$4,533$2,630$405
41 years$19,257$11,970$7,176$4,182$2,386$347
42 years$18,588$11,400$6,732$3,859$2,165$298
43 years$17,952$10,862$6,317$3,563$1,965$255
44 years$17,347$10,353$5,929$3,290$1,784$219
45 years$16,770$9,873$5,567$3,038$1,619$188
46 years$16,220$9,418$5,229$2,806$1,470$161
47 years$15,695$8,988$4,913$2,593$1,335$138
48 years$15,193$8,580$4,617$2,396$1,213$118
49 years$14,714$8,194$4,339$2,214$1,101$101
50 years$14,255$7,827$4,080$2,046$1,000$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $14,600,000, adding $5,454 every year, while hoping to spend $30,575 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: 47/45/8 Blend
54$14,600,000$14,600,000$14,600,000$14,600,000
55$16,094,826$15,321,026$15,094,726$16,816,067
56$17,703,966$16,039,225$15,567,868$18,030,424
57$19,476,215$16,791,590$16,055,835$19,343,916
58$21,428,175$17,579,765$16,559,092$20,768,658
59$23,578,146$18,405,470$17,078,118$22,314,980
60$25,946,288$19,270,509$17,613,407$23,994,217
61$28,554,821$20,176,776$18,165,467$25,818,813
62$31,428,228$21,126,253$18,734,825$27,802,427
63$34,593,488$22,121,020$19,322,023$29,960,060
64$38,080,331$23,163,257$19,927,618$32,308,187
65$41,921,519$24,255,251$20,552,187$34,864,903
66$46,153,153$25,399,398$21,196,325$37,650,086
67$50,815,017$26,598,210$21,860,644$40,685,578
68$55,950,949$27,854,323$22,545,776$43,995,382
69$61,609,260$29,170,499$23,252,373$47,605,878
70$67,843,184$30,549,634$23,981,108$51,546,061
71$74,711,388$31,994,764$24,732,674$55,847,806
72$82,278,516$33,509,074$25,507,785$60,546,160
73$90,615,808$35,095,902$26,307,179$65,679,655
74$99,801,768$36,758,749$27,131,617$71,290,668
75$109,922,904$38,501,284$27,981,882$77,425,804
76$121,074,550$40,327,356$28,858,785$84,136,321
77$133,361,757$42,241,000$29,763,158$91,478,605
78$146,900,295$44,246,447$30,695,862$99,514,685
79$161,817,736$46,348,134$31,657,784$108,312,805
80$178,254,664$48,550,712$32,649,839$117,948,050
81$196,366,003$50,859,060$33,672,971$128,503,041
82$216,322,472$53,278,291$34,728,153$140,068,697
83$238,312,207$55,813,769$35,816,388$152,745,075
84$262,542,526$58,471,119$36,938,712$166,642,294
85$289,241,897$61,256,236$38,096,192$181,881,559
86$318,662,084$64,175,305$39,289,928$198,596,278
87$351,080,532$67,234,811$40,521,056$216,933,307
88$386,802,981$70,441,552$41,790,746$237,054,307
89$426,166,356$73,802,658$43,100,207$259,137,251
90$469,541,943$77,325,607$44,450,683$283,378,076
91$517,338,899$81,018,240$45,843,458$309,992,506
92$570,008,110$84,888,777$47,279,857$339,218,066
93$628,046,451$88,945,840$48,761,246$371,316,290
94$692,001,474$93,198,472$50,289,033$406,575,161
95$762,476,579$97,656,152$51,864,671$445,311,801
96$840,136,711$102,328,824$53,489,657$487,875,428
97$925,714,632$107,226,913$55,165,538$534,650,619
98$1,020,017,847$112,361,354$56,893,906$586,060,906
99$1,123,936,220$117,743,613$58,676,405$642,572,735
100$1,238,450,379$123,385,714$60,514,728$704,699,827