Can I retire at age 55 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,140,556
2 years$609,123$597,778$586,784$576,124$565,784$518,434
3 years$402,048$390,655$379,688$369,128$358,957$313,339
4 years$298,531$287,173$276,316$265,936$256,011$212,473
5 years$236,437$225,147$214,432$204,264$194,615$153,268
6 years$195,055$183,849$173,293$163,352$153,993$114,860
7 years$165,507$154,396$144,007$134,301$125,237$88,306
8 years$143,357$132,346$122,130$112,661$103,896$69,128
9 years$126,138$115,231$105,190$95,963$87,496$54,837
10 years$112,371$101,571$91,707$82,721$74,551$43,937
11 years$101,114$90,422$80,738$71,992$64,116$35,476
12 years$91,740$81,158$71,653$63,146$55,562$28,816
13 years$83,815$73,343$64,017$55,749$48,451$23,518
14 years$77,027$66,667$57,519$49,488$42,472$19,267
15 years$71,150$60,902$51,932$44,134$37,395$15,833
16 years$66,013$55,876$47,084$39,517$33,050$13,044
17 years$61,484$51,460$42,845$35,506$29,305$10,767
18 years$57,464$47,551$39,112$31,998$26,056$8,902
19 years$53,870$44,070$35,805$28,913$23,225$7,371
20 years$50,640$40,952$32,860$26,186$20,745$6,109
21 years$47,722$38,145$30,225$23,766$18,564$5,069
22 years$45,072$35,607$27,857$21,609$16,640$4,208
23 years$42,657$33,303$25,721$19,679$14,937$3,496
24 years$40,446$31,202$23,787$17,949$13,426$2,906
25 years$38,415$29,282$22,032$16,392$12,081$2,417
26 years$36,543$27,520$20,434$14,988$10,882$2,010
27 years$34,813$25,900$18,974$13,719$9,811$1,673
28 years$33,209$24,405$17,639$12,569$8,853$1,392
29 years$31,718$23,023$16,415$11,526$7,994$1,159
30 years$30,330$21,743$15,290$10,578$7,223$965
31 years$29,034$20,555$14,254$9,715$6,530$804
32 years$27,821$19,449$13,299$8,929$5,907$669
33 years$26,684$18,418$12,418$8,211$5,346$557
34 years$25,616$17,456$11,602$7,554$4,840$464
35 years$24,611$16,557$10,847$6,954$4,384$387
36 years$23,665$15,715$10,147$6,405$3,972$322
37 years$22,771$14,926$9,498$5,901$3,600$269
38 years$21,927$14,185$8,894$5,439$3,264$224
39 years$21,128$13,488$8,333$5,015$2,960$186
40 years$20,371$12,833$7,811$4,626$2,685$155
41 years$19,652$12,216$7,324$4,268$2,435$129
42 years$18,970$11,634$6,870$3,939$2,210$108
43 years$18,321$11,085$6,447$3,636$2,006$90
44 years$17,703$10,566$6,051$3,357$1,821$75
45 years$17,115$10,076$5,682$3,100$1,653$62
46 years$16,553$9,612$5,337$2,864$1,501$52
47 years$16,018$9,173$5,014$2,646$1,363$43
48 years$15,506$8,757$4,711$2,445$1,237$36
49 years$15,016$8,362$4,428$2,260$1,124$30
50 years$14,548$7,988$4,163$2,089$1,021$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $14,900,000, adding $3,442 every year, while hoping to spend $33,261 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: 49/25/26 Blend
54$14,900,000$14,900,000$14,900,000$14,900,000
55$16,423,350$15,633,650$15,402,700$17,106,813
56$18,063,143$16,364,310$15,883,301$18,315,789
57$19,869,079$17,129,657$16,378,888$19,624,918
58$21,858,071$17,931,356$16,889,926$21,046,583
59$24,048,754$18,771,152$17,416,899$22,591,431
60$26,461,663$19,650,875$17,960,301$24,271,166
61$29,119,427$20,572,442$18,520,646$26,098,646
62$32,046,981$21,537,864$19,098,460$28,088,005
63$35,271,803$22,549,250$19,694,288$30,254,780
64$38,824,172$23,608,807$20,308,691$32,616,052
65$42,737,454$24,718,855$20,942,249$35,190,600
66$47,048,416$25,881,821$21,595,556$37,999,077
67$51,797,577$27,100,253$22,269,230$41,064,193
68$57,029,584$28,376,819$22,963,903$44,410,929
69$62,793,639$29,714,321$23,680,231$48,066,762
70$69,143,958$31,115,691$24,418,887$52,061,919
71$76,140,290$32,584,007$25,180,567$56,429,657
72$83,848,472$34,122,496$25,965,989$61,206,567
73$92,341,057$35,734,540$26,775,891$66,432,910
74$101,697,998$37,423,685$27,611,036$72,152,995
75$112,007,398$39,193,650$28,472,211$78,415,583
76$123,366,348$41,048,334$29,360,225$85,274,340
77$135,881,838$42,991,825$30,275,914$92,788,337
78$149,671,769$45,028,408$31,220,142$101,022,593
79$164,866,068$47,162,579$32,193,795$110,048,684
80$181,607,911$49,399,049$33,197,791$119,945,403
81$200,055,075$51,742,759$34,233,074$130,799,498
82$220,381,429$54,198,891$35,300,618$142,706,475
83$242,778,574$56,772,876$36,401,428$155,771,489
84$267,457,653$59,470,411$37,536,540$170,110,325
85$294,651,341$62,297,469$38,707,022$185,850,477
86$324,616,045$65,260,312$39,913,974$203,132,338
87$357,634,322$68,365,508$41,158,533$222,110,511
88$394,017,548$71,619,943$42,441,869$242,955,253
89$434,108,856$75,030,838$43,765,190$265,854,068
90$478,286,374$78,605,765$45,129,739$291,013,457
91$526,966,800$82,352,663$46,536,801$318,660,856
92$580,609,328$86,279,858$47,987,698$349,046,760
93$639,719,990$90,396,081$49,483,796$382,447,072
94$704,856,427$94,710,487$51,026,502$419,165,688
95$776,633,159$99,232,677$52,617,265$459,537,343
96$855,727,380$103,972,717$54,257,583$503,930,751
97$942,885,357$108,941,165$55,948,996$552,752,064
98$1,038,929,472$114,149,090$57,693,096$606,448,683
99$1,144,765,986$119,608,104$59,491,523$665,513,456
100$1,261,393,594$125,330,378$61,345,967$730,489,306