Can I retire at age 55 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,133,796
2 years$605,035$593,767$582,846$572,257$561,987$515,831
3 years$399,350$388,033$377,140$366,651$356,548$312,065
4 years$296,528$285,245$274,461$264,151$254,293$211,822
5 years$234,850$223,636$212,993$202,894$193,309$152,960
6 years$193,746$182,615$172,130$162,256$152,959$114,756
7 years$164,396$153,360$143,041$133,399$124,397$88,327
8 years$142,395$131,458$121,310$111,905$103,199$69,227
9 years$125,291$114,458$104,484$95,319$86,909$54,983
10 years$111,617$100,889$91,092$82,165$74,050$44,110
11 years$100,435$89,816$80,196$71,509$63,686$35,662
12 years$91,125$80,614$71,172$62,723$55,189$29,006
13 years$83,252$72,851$63,587$55,375$48,126$23,706
14 years$76,510$66,220$57,133$49,155$42,187$19,449
15 years$70,673$60,493$51,584$43,838$37,144$16,005
16 years$65,570$55,501$46,768$39,252$32,828$13,204
17 years$61,072$51,114$42,557$35,268$29,108$10,916
18 years$57,078$47,232$38,849$31,783$25,881$9,039
19 years$53,509$43,774$35,565$28,719$23,069$7,495
20 years$50,301$40,677$32,639$26,011$20,605$6,222
21 years$47,402$37,889$30,022$23,606$18,439$5,170
22 years$44,770$35,368$27,670$21,463$16,528$4,299
23 years$42,370$33,079$25,548$19,547$14,837$3,577
24 years$40,174$30,993$23,628$17,828$13,336$2,978
25 years$38,157$29,085$21,884$16,282$12,000$2,481
26 years$36,298$27,336$20,296$14,887$10,809$2,067
27 years$34,579$25,726$18,847$13,627$9,745$1,723
28 years$32,986$24,241$17,521$12,485$8,793$1,436
29 years$31,506$22,869$16,305$11,449$7,940$1,197
30 years$30,126$21,597$15,187$10,507$7,175$999
31 years$28,839$20,417$14,158$9,650$6,486$833
32 years$27,634$19,318$13,210$8,869$5,867$695
33 years$26,505$18,295$12,334$8,155$5,310$580
34 years$25,444$17,339$11,524$7,504$4,808$484
35 years$24,446$16,446$10,775$6,908$4,354$404
36 years$23,506$15,610$10,079$6,362$3,945$337
37 years$22,618$14,826$9,434$5,861$3,576$281
38 years$21,780$14,090$8,835$5,403$3,242$235
39 years$20,986$13,398$8,277$4,982$2,940$196
40 years$20,234$12,747$7,758$4,595$2,666$163
41 years$19,520$12,134$7,275$4,239$2,419$136
42 years$18,843$11,556$6,824$3,912$2,195$114
43 years$18,198$11,010$6,403$3,612$1,992$95
44 years$17,585$10,495$6,011$3,335$1,808$79
45 years$17,000$10,008$5,644$3,080$1,642$66
46 years$16,442$9,547$5,301$2,845$1,491$55
47 years$15,910$9,111$4,980$2,628$1,353$46
48 years$15,402$8,698$4,680$2,429$1,229$38
49 years$14,915$8,306$4,399$2,244$1,116$32
50 years$14,450$7,934$4,135$2,075$1,014$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $14,800,000, adding $3,848 every year, while hoping to spend $50,338 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: 80/14/6 Blend
54$14,800,000$14,800,000$14,800,000$14,800,000
55$16,313,569$15,529,169$15,299,769$17,611,036
56$17,923,994$16,236,539$15,758,752$19,168,337
57$19,696,995$16,976,883$16,231,424$20,869,605
58$21,649,102$17,751,764$16,718,190$22,734,723
59$23,798,529$18,562,819$17,219,468$24,780,016
60$26,165,345$19,411,764$17,735,687$27,023,455
61$28,771,667$20,300,397$18,267,289$29,484,831
62$31,641,864$21,230,603$18,814,730$32,185,931
63$34,802,788$22,204,357$19,378,478$35,150,750
64$38,284,031$23,223,728$19,959,015$38,405,707
65$42,118,198$24,290,887$20,556,838$41,979,898
66$46,341,220$25,408,106$21,172,458$45,905,366
67$50,992,690$26,577,769$21,806,400$50,217,397
68$56,116,236$27,802,371$22,459,207$54,954,856
69$61,759,937$29,084,532$23,131,434$60,160,547
70$67,976,770$30,426,993$23,823,657$65,881,613
71$74,825,115$31,832,631$24,536,464$72,169,984
72$82,369,305$33,304,458$25,270,464$79,082,853
73$90,680,232$34,845,634$26,026,282$86,683,222
74$99,836,014$36,459,469$26,804,562$95,040,487
75$109,922,739$38,149,434$27,605,965$104,231,093
76$121,035,267$39,919,165$28,431,174$114,339,247
77$133,278,136$41,772,477$29,280,891$125,457,713
78$146,766,543$43,713,364$30,155,837$137,688,679
79$161,627,428$45,746,017$31,056,755$151,144,719
80$178,000,681$47,874,828$31,984,412$165,949,851
81$196,040,455$50,104,398$32,939,594$182,240,702
82$215,916,622$52,439,554$33,923,111$200,167,791
83$237,816,379$54,885,354$34,935,797$219,896,946
84$261,946,013$57,447,100$35,978,510$241,610,861
85$288,532,850$60,130,352$37,052,134$265,510,818
86$317,827,397$62,940,936$38,157,577$291,818,577
87$350,105,711$65,884,960$39,295,774$320,778,464
88$385,671,999$68,968,829$40,467,688$352,659,670
89$424,861,497$72,199,256$41,674,310$387,758,787
90$468,043,630$75,583,279$42,916,659$426,402,595
91$515,625,496$79,128,276$44,195,784$468,951,144
92$568,055,718$82,841,983$45,512,764$515,801,140
93$625,828,670$86,732,509$46,868,710$567,389,686
94$689,489,148$90,808,355$48,264,765$624,198,392
95$759,637,512$95,078,436$49,702,106$686,757,919
96$836,935,354$99,552,095$51,181,943$755,652,975
97$922,111,743$104,239,130$52,705,520$831,527,822
98$1,015,970,107$109,149,813$54,274,121$915,092,351
99$1,119,395,816$114,294,913$55,889,063$1,007,128,771
100$1,233,364,546$119,685,721$57,551,703$1,108,498,977