Can I retire at age 54 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,075,487
2 years$572,330$561,671$551,341$541,325$531,609$490,866
3 years$377,763$367,058$356,754$346,832$337,275$297,962
4 years$280,499$269,827$259,625$249,873$240,547$202,964
5 years$222,156$211,547$201,480$191,926$182,860$147,106
6 years$183,273$172,744$162,826$153,485$144,691$110,791
7 years$155,510$145,070$135,309$126,189$117,673$85,618
8 years$134,698$124,352$114,753$105,856$97,621$67,383
9 years$118,519$108,271$98,837$90,166$82,211$53,750
10 years$105,583$95,436$86,168$77,724$70,048$43,312
11 years$95,006$84,961$75,861$67,643$60,243$35,177
12 years$86,199$76,256$67,325$59,332$52,206$28,746
13 years$78,752$68,913$60,150$52,381$45,524$23,606
14 years$72,375$62,640$54,045$46,498$39,906$19,462
15 years$66,852$57,223$48,795$41,468$35,137$16,096
16 years$62,025$52,501$44,240$37,130$31,054$13,347
17 years$57,770$48,351$40,257$33,361$27,535$11,091
18 years$53,993$44,679$36,749$30,065$24,482$9,233
19 years$50,616$41,408$33,642$27,167$21,822$7,696
20 years$47,582$38,478$30,875$24,605$19,492$6,424
21 years$44,839$35,841$28,399$22,330$17,443$5,367
22 years$42,350$33,456$26,174$20,303$15,635$4,487
23 years$40,080$31,291$24,167$18,491$14,035$3,754
24 years$38,003$29,318$22,351$16,865$12,615$3,143
25 years$36,094$27,513$20,701$15,402$11,351$2,633
26 years$34,335$25,858$19,199$14,082$10,225$2,206
27 years$32,710$24,335$17,828$12,890$9,219$1,849
28 years$31,203$22,931$16,574$11,810$8,318$1,550
29 years$29,803$21,633$15,423$10,830$7,511$1,300
30 years$28,498$20,430$14,366$9,939$6,787$1,090
31 years$27,280$19,313$13,393$9,128$6,136$915
32 years$26,140$18,274$12,496$8,389$5,550$768
33 years$25,072$17,306$11,668$7,715$5,023$644
34 years$24,069$16,402$10,902$7,098$4,548$540
35 years$23,125$15,557$10,192$6,534$4,119$454
36 years$22,235$14,766$9,535$6,018$3,732$381
37 years$21,396$14,024$8,924$5,545$3,383$320
38 years$20,602$13,328$8,357$5,111$3,067$268
39 years$19,852$12,674$7,830$4,712$2,781$225
40 years$19,140$12,058$7,339$4,346$2,522$189
41 years$18,465$11,478$6,881$4,010$2,288$159
42 years$17,824$10,931$6,455$3,701$2,076$133
43 years$17,214$10,415$6,057$3,416$1,885$112
44 years$16,634$9,928$5,686$3,154$1,711$94
45 years$16,081$9,467$5,339$2,913$1,553$79
46 years$15,554$9,031$5,014$2,691$1,410$66
47 years$15,050$8,619$4,711$2,486$1,280$56
48 years$14,569$8,228$4,427$2,297$1,163$47
49 years$14,109$7,857$4,161$2,123$1,056$39
50 years$13,669$7,505$3,912$1,962$959$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,000,000, adding $2,226 every year, while hoping to spend $46,509 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: 30/42/28 Blend
53$14,000,000$14,000,000$14,000,000$14,000,000
54$15,430,296$14,688,296$14,471,296$15,760,190
55$16,954,701$15,358,537$14,906,599$16,688,557
56$18,633,037$16,060,062$15,354,926$17,682,324
57$20,480,954$16,794,353$15,816,665$18,750,475
58$22,515,701$17,562,966$16,292,212$19,899,512
59$24,756,282$18,367,530$16,781,980$21,136,555
60$27,223,637$19,209,753$17,286,391$22,469,403
61$29,940,841$20,091,425$17,805,879$23,906,597
62$32,933,324$21,014,421$18,340,892$25,457,501
63$36,229,102$21,980,707$18,891,891$27,132,377
64$39,859,052$22,992,343$19,459,352$28,942,478
65$43,857,197$24,051,489$20,043,761$30,900,145
66$48,261,026$25,160,408$20,645,623$33,018,913
67$53,111,854$26,321,471$21,265,454$35,313,638
68$58,455,205$27,537,164$21,903,788$37,800,618
69$64,341,244$28,810,094$22,561,173$40,497,745
70$70,825,253$30,142,991$23,238,175$43,424,663
71$77,968,149$31,538,718$23,935,374$46,602,939
72$85,837,060$33,000,274$24,653,369$50,056,262
73$94,505,959$34,530,807$25,392,775$53,810,652
74$104,056,362$36,133,611$26,154,228$57,894,692
75$114,578,095$37,812,143$26,938,379$62,339,793
76$126,170,147$39,570,024$27,745,901$67,180,469
77$138,941,598$41,411,051$28,577,485$72,454,655
78$153,012,654$43,339,205$29,433,844$78,204,052
79$168,515,776$45,358,658$30,315,709$84,474,501
80$185,596,935$47,473,782$31,223,835$91,316,406
81$204,416,988$49,689,163$32,158,999$98,785,191
82$225,153,195$52,009,606$33,121,999$106,941,806
83$248,000,893$54,440,149$34,113,659$115,853,289
84$273,175,343$56,986,075$35,134,825$125,593,375
85$300,913,754$59,652,919$36,186,368$136,243,180
86$331,477,531$62,446,486$37,269,185$147,891,939
87$365,154,736$65,372,860$38,384,200$160,637,835
88$402,262,811$68,438,422$39,532,362$174,588,900
89$443,151,571$71,649,859$40,714,650$189,864,012
90$488,206,511$75,014,181$41,932,070$206,593,996
91$537,852,439$78,538,740$43,185,659$224,922,833
92$592,557,491$82,231,242$44,476,482$245,008,992
93$652,837,548$86,099,765$45,805,636$267,026,901
94$719,261,105$90,152,781$47,174,252$291,168,564
95$792,454,639$94,399,169$48,583,492$317,645,342
96$873,108,525$98,848,241$50,034,551$346,689,923
97$961,983,548$103,509,758$51,528,662$378,558,479
98$1,059,918,088$108,393,954$53,067,091$413,533,055
99$1,167,836,037$113,511,562$54,651,142$451,924,195
100$1,286,755,515$118,873,830$56,282,157$494,073,836