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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,145,257
2 years$600,947$589,755$578,908$568,391$558,190$531,195
3 years$396,652$385,411$374,592$364,174$354,139$327,934
4 years$294,524$283,318$272,607$262,367$252,575$227,362
5 years$233,263$222,125$211,554$201,523$192,003$167,854
6 years$192,436$181,382$170,967$161,159$151,926$128,864
7 years$163,286$152,324$142,074$132,498$123,556$101,586
8 years$141,433$130,570$120,490$111,149$102,502$81,615
9 years$124,445$113,684$103,778$94,674$86,321$66,502
10 years$110,862$100,207$90,476$81,610$73,550$54,776
11 years$99,757$89,209$79,654$71,025$63,256$45,501
12 years$90,509$80,069$70,691$62,299$54,816$38,053
13 years$82,690$72,359$63,158$55,001$47,801$31,998
14 years$75,993$65,772$56,747$48,823$41,902$27,027
15 years$70,195$60,084$51,235$43,542$36,894$22,912
16 years$65,127$55,126$46,452$38,987$32,607$19,483
17 years$60,659$50,769$42,270$35,029$28,911$16,609
18 years$56,692$46,913$38,587$31,569$25,707$14,190
19 years$53,147$43,478$35,324$28,525$22,913$12,145
20 years$49,961$40,402$32,419$25,835$20,466$10,410
21 years$47,081$37,633$29,819$23,447$18,315$8,935
22 years$44,467$35,129$27,483$21,318$16,417$7,678
23 years$42,084$32,856$25,376$19,415$14,737$6,603
24 years$39,903$30,784$23,468$17,708$13,246$5,684
25 years$37,899$28,889$21,736$16,172$11,919$4,896
26 years$36,052$27,151$20,159$14,787$10,736$4,220
27 years$34,345$25,552$18,720$13,535$9,680$3,638
28 years$32,763$24,078$17,402$12,401$8,734$3,139
29 years$31,293$22,714$16,194$11,372$7,887$2,709
30 years$29,923$21,451$15,084$10,436$7,126$2,339
31 years$28,644$20,279$14,063$9,585$6,443$2,019
32 years$27,447$19,188$13,121$8,809$5,828$1,744
33 years$26,326$18,171$12,251$8,100$5,274$1,507
34 years$25,272$17,222$11,447$7,453$4,775$1,302
35 years$24,281$16,335$10,702$6,861$4,325$1,125
36 years$23,347$15,504$10,011$6,319$3,919$973
37 years$22,466$14,725$9,370$5,822$3,552$841
38 years$21,633$13,994$8,775$5,366$3,220$727
39 years$20,844$13,307$8,221$4,948$2,920$628
40 years$20,097$12,661$7,706$4,564$2,648$543
41 years$19,388$12,052$7,225$4,211$2,403$470
42 years$18,715$11,478$6,778$3,886$2,180$406
43 years$18,075$10,936$6,360$3,587$1,979$351
44 years$17,466$10,424$5,970$3,312$1,796$304
45 years$16,885$9,941$5,606$3,059$1,631$263
46 years$16,331$9,483$5,265$2,825$1,480$227
47 years$15,803$9,050$4,946$2,610$1,344$197
48 years$15,298$8,639$4,648$2,412$1,221$170
49 years$14,815$8,250$4,369$2,229$1,109$147
50 years$14,352$7,881$4,107$2,060$1,007$127

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 $3,200 every year, while hoping to spend $59,403 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: 73/6/21 Blend
54$14,700,000$14,700,000$14,700,000$14,700,000
55$16,202,701$15,423,601$15,195,751$17,302,917
56$17,792,172$16,116,153$15,641,604$18,727,554
57$19,541,778$16,840,649$16,100,403$20,280,385
58$21,467,791$17,598,592$16,572,517$21,980,129
59$23,588,138$18,391,556$17,058,329$23,841,390
60$25,922,576$19,221,190$17,558,231$25,880,249
61$28,492,872$20,089,222$18,072,625$28,114,416
62$31,323,014$20,997,462$18,601,927$30,563,390
63$34,439,432$21,947,809$19,146,563$33,248,646
64$37,871,252$22,942,249$19,706,969$36,193,834
65$41,650,565$23,982,864$20,283,598$39,425,000
66$45,812,736$25,071,838$20,876,913$42,970,833
67$50,396,734$26,211,457$21,487,388$46,862,927
68$55,445,499$27,404,116$22,115,513$51,136,084
69$61,006,349$28,652,328$22,761,793$55,828,638
70$67,131,427$29,958,722$23,426,743$60,982,811
71$73,878,189$31,326,056$24,110,895$66,645,116
72$81,309,950$32,757,219$24,814,797$72,866,787
73$89,496,482$34,255,239$25,539,009$79,704,265
74$98,514,666$35,823,289$26,284,108$87,219,724
75$108,449,225$37,464,693$27,050,690$95,481,658
76$119,393,521$39,182,938$27,839,363$104,565,525
77$131,450,433$40,981,675$28,650,754$114,554,454
78$144,733,331$42,864,731$29,485,508$125,540,027
79$159,367,146$44,836,118$30,344,288$137,623,142
80$175,489,546$46,900,039$31,227,773$150,914,963
81$193,252,241$49,060,902$32,136,664$165,537,960
82$212,822,408$51,323,324$33,071,681$181,627,069
83$234,384,272$53,692,146$34,033,561$199,330,958
84$258,140,847$56,172,440$35,023,064$218,813,427
85$284,315,848$58,769,524$36,040,971$240,254,951
86$313,155,805$61,488,971$37,088,084$263,854,378
87$344,932,389$64,336,623$38,165,227$289,830,805
88$379,944,978$67,318,603$39,273,248$318,425,636
89$418,523,479$70,441,328$40,413,015$349,904,865
90$461,031,448$73,711,527$41,585,425$384,561,573
91$507,869,514$77,136,250$42,791,395$422,718,697
92$559,479,168$80,722,890$44,031,870$464,732,066
93$616,346,926$84,479,195$45,307,821$510,993,764
94$679,008,923$88,413,286$46,620,244$561,935,817
95$748,055,974$92,533,678$47,970,163$618,034,272
96$824,139,151$96,849,296$49,358,631$679,813,679
97$907,975,928$101,369,495$50,786,729$747,852,042
98$1,000,356,956$106,104,083$52,255,567$822,786,268
99$1,102,153,525$111,063,342$53,766,287$905,318,168
100$1,214,325,788$116,258,050$55,320,062$996,221,083