Can I retire at age 55 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,129,261
2 years$600,947$589,755$578,908$568,391$558,190$515,409
3 years$396,652$385,411$374,592$364,174$354,139$312,860
4 years$294,524$283,318$272,607$262,367$252,575$213,113
5 years$233,263$222,125$211,554$201,523$192,003$154,461
6 years$192,436$181,382$170,967$161,159$151,926$116,330
7 years$163,286$152,324$142,074$132,498$123,556$89,899
8 years$141,433$130,570$120,490$111,149$102,502$70,752
9 years$124,445$113,684$103,778$94,674$86,321$56,437
10 years$110,862$100,207$90,476$81,610$73,550$45,478
11 years$99,757$89,209$79,654$71,025$63,256$36,936
12 years$90,509$80,069$70,691$62,299$54,816$30,183
13 years$82,690$72,359$63,158$55,001$47,801$24,787
14 years$75,993$65,772$56,747$48,823$41,902$20,435
15 years$70,195$60,084$51,235$43,542$36,894$16,901
16 years$65,127$55,126$46,452$38,987$32,607$14,015
17 years$60,659$50,769$42,270$35,029$28,911$11,646
18 years$56,692$46,913$38,587$31,569$25,707$9,694
19 years$53,147$43,478$35,324$28,525$22,913$8,081
20 years$49,961$40,402$32,419$25,835$20,466$6,745
21 years$47,081$37,633$29,819$23,447$18,315$5,635
22 years$44,467$35,129$27,483$21,318$16,417$4,711
23 years$42,084$32,856$25,376$19,415$14,737$3,942
24 years$39,903$30,784$23,468$17,708$13,246$3,300
25 years$37,899$28,889$21,736$16,172$11,919$2,764
26 years$36,052$27,151$20,159$14,787$10,736$2,316
27 years$34,345$25,552$18,720$13,535$9,680$1,941
28 years$32,763$24,078$17,402$12,401$8,734$1,628
29 years$31,293$22,714$16,194$11,372$7,887$1,365
30 years$29,923$21,451$15,084$10,436$7,126$1,145
31 years$28,644$20,279$14,063$9,585$6,443$960
32 years$27,447$19,188$13,121$8,809$5,828$806
33 years$26,326$18,171$12,251$8,100$5,274$676
34 years$25,272$17,222$11,447$7,453$4,775$568
35 years$24,281$16,335$10,702$6,861$4,325$476
36 years$23,347$15,504$10,011$6,319$3,919$400
37 years$22,466$14,725$9,370$5,822$3,552$336
38 years$21,633$13,994$8,775$5,366$3,220$282
39 years$20,844$13,307$8,221$4,948$2,920$236
40 years$20,097$12,661$7,706$4,564$2,648$198
41 years$19,388$12,052$7,225$4,211$2,403$167
42 years$18,715$11,478$6,778$3,886$2,180$140
43 years$18,075$10,936$6,360$3,587$1,979$117
44 years$17,466$10,424$5,970$3,312$1,796$99
45 years$16,885$9,941$5,606$3,059$1,631$83
46 years$16,331$9,483$5,265$2,825$1,480$70
47 years$15,803$9,050$4,946$2,610$1,344$58
48 years$15,298$8,639$4,648$2,412$1,221$49
49 years$14,815$8,250$4,369$2,229$1,109$41
50 years$14,352$7,881$4,107$2,060$1,007$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $14,700,000, adding $2,798 every year, while hoping to spend $52,303 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: 58/33/9 Blend
54$14,700,000$14,700,000$14,700,000$14,700,000
55$16,202,286$15,423,186$15,195,336$17,108,066
56$17,799,269$16,123,272$15,648,730$18,417,901
57$19,557,392$16,855,910$16,115,559$19,838,799
58$21,493,035$17,622,638$16,596,219$21,386,253
59$23,624,248$18,425,071$17,091,117$23,072,396
60$25,970,921$19,264,899$17,600,669$24,910,566
61$28,554,970$20,143,895$18,125,306$26,915,423
62$31,400,545$21,063,914$18,665,472$29,103,088
63$34,534,258$22,026,902$19,221,623$31,491,285
64$37,985,431$23,034,899$19,794,226$34,099,507
65$41,786,377$24,090,041$20,383,764$36,949,190
66$45,972,702$25,194,568$20,990,735$40,063,914
67$50,583,642$26,350,826$21,615,649$43,469,618
68$55,662,432$27,561,276$22,259,032$47,194,837
69$61,256,716$28,828,493$22,921,425$51,270,963
70$67,418,993$30,155,181$23,603,385$55,732,542
71$74,207,116$31,544,171$24,305,484$60,617,583
72$81,684,836$32,998,430$25,028,312$65,967,916
73$89,922,404$34,521,068$25,772,475$71,829,576
74$98,997,235$36,115,346$26,538,599$78,253,229
75$108,994,634$37,784,679$27,327,323$85,294,643
76$120,008,608$39,532,650$28,139,310$93,015,205
77$132,142,748$41,363,012$28,975,239$101,482,487
78$145,511,209$43,279,699$29,835,809$110,770,881
79$160,239,783$45,286,836$30,721,741$120,962,284
80$176,467,096$47,388,745$31,633,773$132,146,864
81$194,345,903$49,589,958$32,572,669$144,423,897
82$214,044,543$51,895,224$33,539,211$157,902,695
83$235,748,518$54,309,521$34,534,206$172,703,622
84$259,662,249$56,838,070$35,558,484$188,959,220
85$286,011,003$59,486,339$36,612,897$206,815,444
86$315,043,020$62,260,065$37,698,324$226,433,028
87$347,031,858$65,165,258$38,815,668$247,988,982
88$382,278,973$68,208,222$39,965,859$271,678,255
89$421,116,565$71,395,561$41,149,851$297,715,551
90$463,910,713$74,734,201$42,368,629$326,337,342
91$511,064,831$78,231,403$43,623,205$357,804,084
92$563,023,480$81,894,778$44,914,618$392,402,652
93$620,276,557$85,732,304$46,243,939$430,449,031
94$683,363,925$89,752,346$47,612,271$472,291,279
95$752,880,508$93,963,674$49,020,745$518,312,790
96$829,481,907$98,375,481$50,470,527$568,935,887
97$913,890,588$102,997,406$51,962,815$624,625,791
98$1,006,902,702$107,839,553$53,498,844$685,894,983
99$1,109,395,603$112,912,516$55,079,880$753,308,019
100$1,222,336,127$118,227,402$56,707,229$827,486,828