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

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,161,311
2 years$609,123$597,778$586,784$576,124$565,784$538,891
3 years$402,048$390,655$379,688$369,128$358,957$332,847
4 years$298,531$287,173$276,316$265,936$256,011$230,885
5 years$236,437$225,147$214,432$204,264$194,615$170,544
6 years$195,055$183,849$173,293$163,352$153,993$131,001
7 years$165,507$154,396$144,007$134,301$125,237$103,329
8 years$143,357$132,346$122,130$112,661$103,896$83,063
9 years$126,138$115,231$105,190$95,963$87,496$67,723
10 years$112,371$101,571$91,707$82,721$74,551$55,816
11 years$101,114$90,422$80,738$71,992$64,116$46,395
12 years$91,740$81,158$71,653$63,146$55,562$38,826
13 years$83,815$73,343$64,017$55,749$48,451$32,670
14 years$77,027$66,667$57,519$49,488$42,472$27,613
15 years$71,150$60,902$51,932$44,134$37,395$23,425
16 years$66,013$55,876$47,084$39,517$33,050$19,933
17 years$61,484$51,460$42,845$35,506$29,305$17,006
18 years$57,464$47,551$39,112$31,998$26,056$14,539
19 years$53,870$44,070$35,805$28,913$23,225$12,453
20 years$50,640$40,952$32,860$26,186$20,745$10,683
21 years$47,722$38,145$30,225$23,766$18,564$9,176
22 years$45,072$35,607$27,857$21,609$16,640$7,891
23 years$42,657$33,303$25,721$19,679$14,937$6,792
24 years$40,446$31,202$23,787$17,949$13,426$5,851
25 years$38,415$29,282$22,032$16,392$12,081$5,043
26 years$36,543$27,520$20,434$14,988$10,882$4,350
27 years$34,813$25,900$18,974$13,719$9,811$3,754
28 years$33,209$24,405$17,639$12,569$8,853$3,241
29 years$31,718$23,023$16,415$11,526$7,994$2,800
30 years$30,330$21,743$15,290$10,578$7,223$2,419
31 years$29,034$20,555$14,254$9,715$6,530$2,091
32 years$27,821$19,449$13,299$8,929$5,907$1,807
33 years$26,684$18,418$12,418$8,211$5,346$1,563
34 years$25,616$17,456$11,602$7,554$4,840$1,351
35 years$24,611$16,557$10,847$6,954$4,384$1,169
36 years$23,665$15,715$10,147$6,405$3,972$1,011
37 years$22,771$14,926$9,498$5,901$3,600$875
38 years$21,927$14,185$8,894$5,439$3,264$757
39 years$21,128$13,488$8,333$5,015$2,960$655
40 years$20,371$12,833$7,811$4,626$2,685$567
41 years$19,652$12,216$7,324$4,268$2,435$490
42 years$18,970$11,634$6,870$3,939$2,210$424
43 years$18,321$11,085$6,447$3,636$2,006$367
44 years$17,703$10,566$6,051$3,357$1,821$318
45 years$17,115$10,076$5,682$3,100$1,653$275
46 years$16,553$9,612$5,337$2,864$1,501$238
47 years$16,018$9,173$5,014$2,646$1,363$206
48 years$15,506$8,757$4,711$2,445$1,237$179
49 years$15,016$8,362$4,428$2,260$1,124$155
50 years$14,548$7,988$4,163$2,089$1,021$134

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 $4,192 every year, while hoping to spend $51,192 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: 37/45/18 Blend
54$14,900,000$14,900,000$14,900,000$14,900,000
55$16,424,124$15,634,424$15,403,474$16,942,226
56$18,044,917$16,346,043$15,865,023$18,028,739
57$19,829,315$17,090,815$16,340,317$19,196,411
58$21,793,951$17,870,312$16,829,764$20,456,602
59$23,957,155$18,686,178$17,333,783$21,817,639
60$26,339,123$19,540,139$17,852,802$23,288,652
61$28,962,110$20,434,002$18,387,267$24,879,651
62$31,850,637$21,369,660$18,937,632$26,601,613
63$35,031,727$22,349,099$19,504,369$28,466,580
64$38,535,157$23,374,398$20,087,959$30,487,767
65$42,393,738$24,447,738$20,688,900$32,679,673
66$46,643,626$25,571,404$21,307,705$35,058,215
67$51,324,663$26,747,790$21,944,900$37,640,865
68$56,480,752$27,979,406$22,601,028$40,446,811
69$62,160,274$29,268,881$23,276,647$43,497,125
70$68,416,538$30,618,973$23,972,331$46,814,953
71$75,308,293$32,032,571$24,688,672$50,425,721
72$82,900,275$33,512,702$25,426,279$54,357,369
73$91,263,821$35,062,543$26,185,777$58,640,598
74$100,477,542$36,685,418$26,967,812$63,309,152
75$110,628,064$38,384,816$27,773,046$68,400,122
76$121,810,846$40,164,392$28,602,163$73,954,282
77$134,131,081$42,027,977$29,455,864$80,016,464
78$147,704,690$43,979,586$30,334,874$86,635,963
79$162,659,412$46,023,430$31,239,937$93,866,990
80$179,136,015$48,163,920$32,171,817$101,769,167
81$197,289,619$50,405,683$33,131,304$110,408,073
82$217,291,166$52,753,567$34,119,208$119,855,847
83$239,329,028$55,212,655$35,136,364$130,191,852
84$263,610,787$57,788,273$36,183,631$141,503,401
85$290,365,197$60,486,009$37,261,892$153,886,568
86$319,844,340$63,311,715$38,372,058$167,447,071
87$352,326,005$66,271,532$39,515,064$182,301,246
88$388,116,312$69,371,891$40,691,873$198,577,127
89$427,552,601$72,619,540$41,903,477$216,415,632
90$471,006,618$76,021,548$43,150,895$235,971,862
91$518,888,019$79,585,330$44,435,176$257,416,547
92$571,648,243$83,318,658$45,757,400$280,937,626
93$629,784,770$87,229,678$47,118,679$306,741,994
94$693,845,817$91,326,933$48,520,156$335,057,427
95$764,435,516$95,619,378$49,963,006$366,134,700
96$842,219,612$100,116,402$51,448,441$400,249,921
97$927,931,755$104,827,847$52,977,706$437,707,108
98$1,022,380,417$109,764,035$54,552,082$478,841,016
99$1,126,456,530$114,935,783$56,172,888$524,020,269
100$1,241,141,896$120,354,437$57,841,479$573,650,792