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

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,169,308
2 years$605,035$593,767$582,846$572,257$561,987$551,041
3 years$399,350$388,033$377,140$366,651$356,548$345,859
4 years$296,528$285,245$274,461$264,151$254,293$243,944
5 years$234,850$223,636$212,993$202,894$193,309$183,331
6 years$193,746$182,615$172,130$162,256$152,959$143,363
7 years$164,396$153,360$143,041$133,399$124,397$115,188
8 years$142,395$131,458$121,310$111,905$103,199$94,377
9 years$125,291$114,458$104,484$95,319$86,909$78,470
10 years$111,617$100,889$91,092$82,165$74,050$65,991
11 years$100,435$89,816$80,196$71,509$63,686$55,998
12 years$91,125$80,614$71,172$62,723$55,189$47,866
13 years$83,252$72,851$63,587$55,375$48,126$41,160
14 years$76,510$66,220$57,133$49,155$42,187$35,569
15 years$70,673$60,493$51,584$43,838$37,144$30,864
16 years$65,570$55,501$46,768$39,252$32,828$26,876
17 years$61,072$51,114$42,557$35,268$29,108$23,473
18 years$57,078$47,232$38,849$31,783$25,881$20,553
19 years$53,509$43,774$35,565$28,719$23,069$18,035
20 years$50,301$40,677$32,639$26,011$20,605$15,856
21 years$47,402$37,889$30,022$23,606$18,439$13,964
22 years$44,770$35,368$27,670$21,463$16,528$12,314
23 years$42,370$33,079$25,548$19,547$14,837$10,873
24 years$40,174$30,993$23,628$17,828$13,336$9,611
25 years$38,157$29,085$21,884$16,282$12,000$8,504
26 years$36,298$27,336$20,296$14,887$10,809$7,530
27 years$34,579$25,726$18,847$13,627$9,745$6,673
28 years$32,986$24,241$17,521$12,485$8,793$5,918
29 years$31,506$22,869$16,305$11,449$7,940$5,250
30 years$30,126$21,597$15,187$10,507$7,175$4,661
31 years$28,839$20,417$14,158$9,650$6,486$4,139
32 years$27,634$19,318$13,210$8,869$5,867$3,678
33 years$26,505$18,295$12,334$8,155$5,310$3,269
34 years$25,444$17,339$11,524$7,504$4,808$2,906
35 years$24,446$16,446$10,775$6,908$4,354$2,584
36 years$23,506$15,610$10,079$6,362$3,945$2,299
37 years$22,618$14,826$9,434$5,861$3,576$2,045
38 years$21,780$14,090$8,835$5,403$3,242$1,820
39 years$20,986$13,398$8,277$4,982$2,940$1,620
40 years$20,234$12,747$7,758$4,595$2,666$1,442
41 years$19,520$12,134$7,275$4,239$2,419$1,284
42 years$18,843$11,556$6,824$3,912$2,195$1,143
43 years$18,198$11,010$6,403$3,612$1,992$1,018
44 years$17,585$10,495$6,011$3,335$1,808$906
45 years$17,000$10,008$5,644$3,080$1,642$807
46 years$16,442$9,547$5,301$2,845$1,491$719
47 years$15,910$9,111$4,980$2,628$1,353$641
48 years$15,402$8,698$4,680$2,429$1,229$571
49 years$14,915$8,306$4,399$2,244$1,116$508
50 years$14,450$7,934$4,135$2,075$1,014$453

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 $3,045 every year, while hoping to spend $27,664 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: 53/22/25 Blend
54$14,800,000$14,800,000$14,800,000$14,800,000
55$16,312,741$15,528,341$15,298,941$17,063,884
56$17,947,206$16,259,795$15,782,021$18,314,516
57$19,747,460$17,026,164$16,280,357$19,671,660
58$21,730,383$17,829,128$16,794,432$21,148,008
59$23,914,578$18,670,451$17,324,741$22,754,960
60$26,320,542$19,551,981$17,871,797$24,505,048
61$28,970,866$20,475,657$18,436,131$26,412,048
62$31,890,440$21,443,509$19,018,287$28,491,109
63$35,106,694$22,457,670$19,618,829$30,758,889
64$38,649,854$23,520,373$20,238,336$33,233,707
65$42,553,228$24,633,960$20,877,409$35,935,713
66$46,853,520$25,800,887$21,536,665$38,887,070
67$51,591,177$27,023,729$22,216,742$42,112,161
68$56,810,772$28,305,186$22,918,298$45,637,812
69$62,561,420$29,648,090$23,642,010$49,493,538
70$68,897,246$31,055,408$24,388,579$53,711,818
71$75,877,896$32,530,253$25,158,727$58,328,393
72$83,569,095$34,075,889$25,953,198$63,382,596
73$92,043,274$35,695,739$26,772,761$68,917,720
74$101,380,248$37,393,390$27,618,209$74,981,415
75$111,667,973$39,172,606$28,490,358$81,626,131
76$123,003,374$41,037,332$29,390,054$88,909,609
77$135,493,263$42,991,706$30,318,165$96,895,410
78$149,255,342$45,040,065$31,275,590$105,653,515
79$164,419,318$47,186,960$32,263,253$115,260,970
80$181,128,128$49,437,161$33,282,112$125,802,605
81$199,539,285$51,795,669$34,333,150$137,371,826
82$219,826,367$54,267,732$35,417,385$150,071,488
83$242,180,654$56,858,848$36,535,866$164,014,851
84$266,812,936$59,574,788$37,689,673$179,326,638
85$293,955,502$62,421,599$38,879,923$196,144,205
86$323,864,330$65,405,624$40,107,768$214,618,819
87$356,821,508$68,533,516$41,374,394$234,917,080
88$393,137,893$71,812,249$42,681,027$257,222,473
89$433,156,048$75,249,139$44,028,932$281,737,090
90$477,253,475$78,851,857$45,419,410$308,683,522
91$525,846,177$82,628,446$46,853,809$338,306,945
92$579,392,590$86,587,342$48,333,514$370,877,417
93$638,397,905$90,737,393$49,859,958$406,692,412
94$703,418,842$95,087,876$51,434,617$446,079,611
95$775,068,901$99,648,519$53,059,014$489,399,974
96$854,024,158$104,429,525$54,734,720$537,051,130
97$941,029,646$109,441,596$56,463,357$589,471,112
98$1,036,906,386$114,695,951$58,246,596$647,142,468
99$1,142,559,144$120,204,358$60,086,163$710,596,795
100$1,258,984,964$125,979,159$61,983,837$780,419,737