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%17.7%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,151,035
2 years$609,123$597,778$586,784$576,124$565,784$528,725
3 years$402,048$390,655$379,688$369,128$358,957$323,113
4 years$298,531$287,173$276,316$265,936$256,011$221,657
5 years$236,437$225,147$214,432$204,264$194,615$161,844
6 years$195,055$183,849$173,293$163,352$153,993$122,832
7 years$165,507$154,396$144,007$134,301$125,237$95,685
8 years$143,357$132,346$122,130$112,661$103,896$75,932
9 years$126,138$115,231$105,190$95,963$87,496$61,090
10 years$112,371$101,571$91,707$82,721$74,551$49,663
11 years$101,114$90,422$80,738$71,992$64,116$40,703
12 years$91,740$81,158$71,653$63,146$55,562$33,573
13 years$83,815$73,343$64,017$55,749$48,451$27,835
14 years$77,027$66,667$57,519$49,488$42,472$23,173
15 years$71,150$60,902$51,932$44,134$37,395$19,357
16 years$66,013$55,876$47,084$39,517$33,050$16,214
17 years$61,484$51,460$42,845$35,506$29,305$13,613
18 years$57,464$47,551$39,112$31,998$26,056$11,451
19 years$53,870$44,070$35,805$28,913$23,225$9,647
20 years$50,640$40,952$32,860$26,186$20,745$8,138
21 years$47,722$38,145$30,225$23,766$18,564$6,873
22 years$45,072$35,607$27,857$21,609$16,640$5,810
23 years$42,657$33,303$25,721$19,679$14,937$4,915
24 years$40,446$31,202$23,787$17,949$13,426$4,161
25 years$38,415$29,282$22,032$16,392$12,081$3,525
26 years$36,543$27,520$20,434$14,988$10,882$2,987
27 years$34,813$25,900$18,974$13,719$9,811$2,532
28 years$33,209$24,405$17,639$12,569$8,853$2,147
29 years$31,718$23,023$16,415$11,526$7,994$1,821
30 years$30,330$21,743$15,290$10,578$7,223$1,545
31 years$29,034$20,555$14,254$9,715$6,530$1,312
32 years$27,821$19,449$13,299$8,929$5,907$1,113
33 years$26,684$18,418$12,418$8,211$5,346$945
34 years$25,616$17,456$11,602$7,554$4,840$802
35 years$24,611$16,557$10,847$6,954$4,384$681
36 years$23,665$15,715$10,147$6,405$3,972$579
37 years$22,771$14,926$9,498$5,901$3,600$491
38 years$21,927$14,185$8,894$5,439$3,264$417
39 years$21,128$13,488$8,333$5,015$2,960$354
40 years$20,371$12,833$7,811$4,626$2,685$301
41 years$19,652$12,216$7,324$4,268$2,435$256
42 years$18,970$11,634$6,870$3,939$2,210$217
43 years$18,321$11,085$6,447$3,636$2,006$185
44 years$17,703$10,566$6,051$3,357$1,821$157
45 years$17,115$10,076$5,682$3,100$1,653$133
46 years$16,553$9,612$5,337$2,864$1,501$113
47 years$16,018$9,173$5,014$2,646$1,363$96
48 years$15,506$8,757$4,711$2,445$1,237$82
49 years$15,016$8,362$4,428$2,260$1,124$69
50 years$14,548$7,988$4,163$2,089$1,021$59

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 $5,360 every year, while hoping to spend $36,136 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: 55/19/26 Blend
54$14,900,000$14,900,000$14,900,000$14,900,000
55$16,425,329$15,635,629$15,404,679$17,210,710
56$18,062,264$16,363,326$15,882,287$18,479,492
57$19,864,955$17,125,470$16,374,684$19,856,408
58$21,850,272$17,923,709$16,882,327$21,355,307
59$24,036,802$18,759,773$17,405,688$22,987,926
60$26,445,029$19,635,475$17,945,252$24,767,174
61$29,097,525$20,552,716$18,501,520$26,707,243
62$32,019,160$21,513,487$19,075,009$28,823,744
63$35,237,344$22,519,877$19,666,251$31,133,850
64$38,782,277$23,574,075$20,275,794$33,656,448
65$42,687,241$24,678,377$20,904,206$36,412,321
66$46,988,911$25,835,189$21,552,068$39,424,333
67$51,727,700$27,047,032$22,219,982$42,717,642
68$56,948,141$28,316,553$22,908,567$46,319,936
69$62,699,310$29,646,523$23,618,463$50,261,682
70$69,035,286$31,039,849$24,350,328$54,576,415
71$76,015,662$32,499,578$25,104,840$59,301,043
72$83,706,108$34,028,906$25,882,700$64,476,194
73$92,178,989$35,631,181$26,684,630$70,146,591
74$101,514,053$37,309,916$27,511,372$76,361,468
75$111,799,177$39,068,792$28,363,693$83,175,027
76$123,131,200$40,911,670$29,242,384$90,646,945
77$135,616,838$42,842,596$30,148,259$98,842,928
78$149,373,687$44,865,816$31,082,157$107,835,322
79$164,531,339$46,985,777$32,044,946$117,703,793
80$181,232,600$49,207,144$33,037,516$128,536,064
81$199,634,840$51,534,809$34,060,787$140,428,741
82$219,911,479$53,973,900$35,115,709$153,488,210
83$242,253,622$56,529,793$36,203,257$167,831,634
84$266,871,866$59,208,127$37,324,441$183,588,051
85$293,998,284$62,014,814$38,480,298$200,899,578
86$323,888,620$64,956,051$39,671,899$219,922,745
87$356,824,699$68,038,337$40,900,347$240,829,957
88$393,117,091$71,268,488$42,166,781$263,811,116
89$433,108,040$74,653,649$43,472,374$289,075,394
90$477,174,694$78,201,313$44,818,333$316,853,200
91$525,732,671$81,919,335$46,205,905$347,398,342
92$579,239,976$85,815,955$47,636,375$380,990,402
93$638,201,327$89,899,810$49,111,067$417,937,368
94$703,172,920$94,179,958$50,631,346$458,578,524
95$774,767,680$98,665,898$52,198,618$503,287,634
96$853,661,046$103,367,590$53,814,334$552,476,457
97$940,597,347$108,295,477$55,479,989$606,598,615
98$1,036,396,832$113,460,510$57,197,124$666,153,857
99$1,141,963,409$118,874,175$58,967,328$731,692,759
100$1,258,293,181$124,548,514$60,792,237$803,821,898