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%15.1%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,139,786
2 years$596,859$585,743$574,970$564,524$554,393$529,887
3 years$393,953$382,789$372,043$361,696$351,729$327,920
4 years$292,520$281,391$270,752$260,582$250,856$227,928
5 years$231,677$220,614$210,115$200,152$190,697$168,714
6 years$191,127$180,148$169,804$160,063$150,892$129,877
7 years$162,175$151,288$141,108$131,597$122,716$102,674
8 years$140,471$129,682$119,671$110,393$101,804$82,729
9 years$123,598$112,911$103,072$94,030$85,734$67,612
10 years$110,108$99,526$89,861$81,055$73,050$55,863
11 years$99,078$88,602$79,112$70,542$62,825$46,552
12 years$89,893$79,524$70,210$61,875$54,443$39,059
13 years$82,127$71,867$62,728$54,626$47,475$32,954
14 years$75,476$65,325$56,361$48,491$41,617$27,929
15 years$69,718$59,675$50,887$43,246$36,643$23,759
16 years$64,684$54,751$46,136$38,722$32,385$20,275
17 years$60,246$50,424$41,982$34,791$28,715$17,347
18 years$56,307$46,594$38,324$31,354$25,532$14,875
19 years$52,786$43,183$35,084$28,331$22,757$12,778
20 years$49,621$40,127$32,198$25,659$20,327$10,995
21 years$46,761$37,377$29,616$23,287$18,190$9,473
22 years$44,165$34,890$27,296$21,173$16,305$8,171
23 years$41,798$32,632$25,203$19,283$14,636$7,055
24 years$39,631$30,574$23,309$17,587$13,155$6,097
25 years$37,641$28,692$21,588$16,062$11,838$5,273
26 years$35,807$26,966$20,022$14,686$10,663$4,563
27 years$34,112$25,378$18,592$13,442$9,614$3,950
28 years$32,540$23,914$17,284$12,316$8,675$3,422
29 years$31,080$22,560$16,084$11,294$7,833$2,965
30 years$29,719$21,305$14,982$10,365$7,078$2,570
31 years$28,449$20,141$13,967$9,520$6,399$2,229
32 years$27,261$19,057$13,032$8,749$5,788$1,933
33 years$26,146$18,047$12,168$8,045$5,238$1,677
34 years$25,100$17,105$11,369$7,402$4,743$1,455
35 years$24,116$16,224$10,629$6,814$4,296$1,263
36 years$23,188$15,399$9,943$6,276$3,892$1,096
37 years$22,313$14,625$9,307$5,782$3,528$951
38 years$21,485$13,899$8,715$5,330$3,198$826
39 years$20,702$13,217$8,165$4,914$2,900$717
40 years$19,961$12,575$7,653$4,533$2,630$623
41 years$19,257$11,970$7,176$4,182$2,386$541
42 years$18,588$11,400$6,732$3,859$2,165$470
43 years$17,952$10,862$6,317$3,563$1,965$408
44 years$17,347$10,353$5,929$3,290$1,784$354
45 years$16,770$9,873$5,567$3,038$1,619$308
46 years$16,220$9,418$5,229$2,806$1,470$267
47 years$15,695$8,988$4,913$2,593$1,335$232
48 years$15,193$8,580$4,617$2,396$1,213$202
49 years$14,714$8,194$4,339$2,214$1,101$175
50 years$14,255$7,827$4,080$2,046$1,000$152

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 $4,735 every year, while hoping to spend $38,277 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: 53/40/7 Blend
54$14,600,000$14,600,000$14,600,000$14,600,000
55$16,094,084$15,320,284$15,093,984$16,919,905
56$17,694,954$16,030,252$15,558,906$18,189,913
57$19,457,830$16,773,725$16,038,120$19,566,266
58$21,399,196$17,552,305$16,532,065$21,062,667
59$23,537,217$18,367,670$17,041,191$22,690,463
60$25,891,907$19,221,580$17,565,966$24,462,117
61$28,485,324$20,115,880$18,106,868$26,391,317
62$31,341,771$21,052,502$18,664,392$28,493,109
63$34,488,031$22,033,473$19,239,048$30,784,019
64$37,953,615$23,060,918$19,831,360$33,282,216
65$41,771,044$24,137,064$20,441,872$36,007,667
66$45,976,155$25,264,245$21,071,139$38,982,323
67$50,608,438$26,444,908$21,719,738$42,230,316
68$55,711,410$27,681,620$22,388,260$45,778,184
69$61,333,024$28,977,069$23,077,316$49,655,105
70$67,526,122$30,334,075$23,787,536$53,893,172
71$74,348,935$31,755,594$24,519,568$58,527,683
72$81,865,633$33,244,724$25,274,080$63,597,466
73$90,146,927$34,804,715$26,051,761$69,145,232
74$99,270,740$36,438,972$26,853,321$75,217,974
75$109,322,939$38,151,065$27,679,491$81,867,395
76$120,398,150$39,944,739$28,531,025$89,150,388
77$132,600,647$41,823,917$29,408,700$97,129,559
78$146,045,338$43,792,714$30,313,316$105,873,804
79$160,858,849$45,855,444$31,245,700$115,458,951
80$177,180,721$48,016,630$32,206,700$125,968,459
81$195,164,723$50,281,013$33,197,192$137,494,193
82$214,980,308$52,653,565$34,218,081$150,137,275
83$236,814,209$55,139,500$35,270,297$164,009,022
84$260,872,204$57,744,281$36,354,797$179,231,984
85$287,381,057$60,473,639$37,472,571$195,941,081
86$316,590,660$63,333,582$38,624,637$214,284,860
87$348,776,389$66,330,410$39,812,045$234,426,876
88$384,241,708$69,470,727$41,035,875$256,547,220
89$423,321,028$72,761,458$42,297,243$280,844,195
90$466,382,868$76,209,865$43,597,296$307,536,169
91$513,833,334$79,823,562$44,937,219$336,863,612
92$566,119,949$83,610,531$46,318,231$369,091,343
93$623,735,880$87,579,144$47,741,588$404,511,004
94$687,224,595$91,738,177$49,208,586$443,443,790
95$757,184,990$96,096,834$50,720,560$486,243,452
96$834,277,045$100,664,765$52,278,885$533,299,605
97$919,228,054$105,452,089$53,884,978$585,041,382
98$1,012,839,491$110,469,416$55,540,300$641,941,450
99$1,115,994,574$115,727,873$57,246,355$704,520,440
100$1,229,666,608$121,239,127$59,004,696$773,351,828