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%19.4%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,120,245
2 years$596,859$585,743$574,970$564,524$554,393$510,595
3 years$393,953$382,789$372,043$361,696$351,729$309,491
4 years$292,520$281,391$270,752$260,582$250,856$210,499
5 years$231,677$220,614$210,115$200,152$190,697$152,326
6 years$191,127$180,148$169,804$160,063$150,892$114,533
7 years$162,175$151,288$141,108$131,597$122,716$88,358
8 years$140,471$129,682$119,671$110,393$101,804$69,416
9 years$123,598$112,911$103,072$94,030$85,734$55,269
10 years$110,108$99,526$89,861$81,055$73,050$44,452
11 years$99,078$88,602$79,112$70,542$62,825$36,032
12 years$89,893$79,524$70,210$61,875$54,443$29,386
13 years$82,127$71,867$62,728$54,626$47,475$24,082
14 years$75,476$65,325$56,361$48,491$41,617$19,813
15 years$69,718$59,675$50,887$43,246$36,643$16,351
16 years$64,684$54,751$46,136$38,722$32,385$13,529
17 years$60,246$50,424$41,982$34,791$28,715$11,218
18 years$56,307$46,594$38,324$31,354$25,532$9,317
19 years$52,786$43,183$35,084$28,331$22,757$7,749
20 years$49,621$40,127$32,198$25,659$20,327$6,453
21 years$46,761$37,377$29,616$23,287$18,190$5,378
22 years$44,165$34,890$27,296$21,173$16,305$4,486
23 years$41,798$32,632$25,203$19,283$14,636$3,745
24 years$39,631$30,574$23,309$17,587$13,155$3,128
25 years$37,641$28,692$21,588$16,062$11,838$2,613
26 years$35,807$26,966$20,022$14,686$10,663$2,184
27 years$34,112$25,378$18,592$13,442$9,614$1,827
28 years$32,540$23,914$17,284$12,316$8,675$1,528
29 years$31,080$22,560$16,084$11,294$7,833$1,278
30 years$29,719$21,305$14,982$10,365$7,078$1,069
31 years$28,449$20,141$13,967$9,520$6,399$895
32 years$27,261$19,057$13,032$8,749$5,788$749
33 years$26,146$18,047$12,168$8,045$5,238$627
34 years$25,100$17,105$11,369$7,402$4,743$525
35 years$24,116$16,224$10,629$6,814$4,296$439
36 years$23,188$15,399$9,943$6,276$3,892$368
37 years$22,313$14,625$9,307$5,782$3,528$308
38 years$21,485$13,899$8,715$5,330$3,198$258
39 years$20,702$13,217$8,165$4,914$2,900$216
40 years$19,961$12,575$7,653$4,533$2,630$181
41 years$19,257$11,970$7,176$4,182$2,386$151
42 years$18,588$11,400$6,732$3,859$2,165$127
43 years$17,952$10,862$6,317$3,563$1,965$106
44 years$17,347$10,353$5,929$3,290$1,784$89
45 years$16,770$9,873$5,567$3,038$1,619$74
46 years$16,220$9,418$5,229$2,806$1,470$62
47 years$15,695$8,988$4,913$2,593$1,335$52
48 years$15,193$8,580$4,617$2,396$1,213$44
49 years$14,714$8,194$4,339$2,214$1,101$37
50 years$14,255$7,827$4,080$2,046$1,000$31

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 $2,158 every year, while hoping to spend $32,155 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: 79/13/8 Blend
54$14,600,000$14,600,000$14,600,000$14,600,000
55$16,091,426$15,317,626$15,091,326$17,345,290
56$17,698,539$16,033,977$15,562,673$18,884,336
57$19,468,499$16,784,351$16,048,732$20,567,840
58$21,417,884$17,570,383$16,549,962$22,413,668
59$23,564,960$18,393,783$17,066,837$24,437,994
60$25,929,854$19,256,347$17,599,845$26,658,627
61$28,534,748$20,159,956$18,149,488$29,095,175
62$31,404,082$21,106,584$18,716,286$31,769,227
63$34,564,790$22,098,299$19,300,774$34,704,558
64$38,046,552$23,137,268$19,903,503$37,927,348
65$41,882,072$24,225,766$20,525,042$41,466,426
66$46,107,390$25,366,175$21,165,978$45,353,542
67$50,762,222$26,560,996$21,826,915$49,623,660
68$55,890,330$27,812,846$22,508,479$54,315,291
69$61,539,941$29,124,473$23,211,311$59,470,847
70$67,764,201$30,498,758$23,936,075$65,137,042
71$74,621,671$31,938,718$24,683,455$71,365,328
72$82,176,886$33,447,521$25,454,156$78,212,378
73$90,500,964$35,028,485$26,248,905$85,740,618
74$99,672,272$36,685,090$27,068,453$94,018,811
75$109,777,169$38,420,985$27,913,572$103,122,700
76$120,910,824$40,239,997$28,785,060$113,135,724
77$133,178,107$42,146,136$29,683,739$124,149,798
78$146,694,586$44,143,609$30,610,456$136,266,176
79$161,587,614$46,236,826$31,566,086$149,596,403
80$177,997,532$48,430,411$32,551,531$164,263,362
81$196,078,992$50,729,213$33,567,720$180,402,429
82$216,002,421$53,138,317$34,615,610$198,162,747
83$237,955,626$55,663,052$35,696,191$217,708,625
84$262,145,569$58,309,010$36,810,482$239,221,087
85$288,800,317$61,082,052$37,959,534$262,899,572
86$318,171,201$63,988,324$39,144,429$288,963,808
87$350,535,182$67,034,270$40,366,286$317,655,887
88$386,197,470$70,226,649$41,626,257$349,242,533
89$425,494,404$73,572,548$42,925,529$384,017,623
90$468,796,627$77,079,396$44,265,327$422,304,944
91$516,512,583$80,754,986$45,646,915$464,461,248
92$569,092,375$84,607,489$47,071,596$510,879,608
93$627,032,015$88,645,474$48,540,712$561,993,121
94$690,878,102$92,877,924$50,055,648$618,278,987
95$761,232,989$97,314,262$51,617,832$680,263,003
96$838,760,462$101,964,369$53,228,738$748,524,518
97$924,192,010$106,838,605$54,889,882$823,701,893
98$1,018,333,733$111,947,834$56,602,831$906,498,511
99$1,122,073,947$117,303,451$58,369,199$997,689,411
100$1,236,391,574$122,917,404$60,190,651$1,098,128,589