Can I retire at age 54 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,115,399
2 years$576,418$565,683$555,279$545,191$535,407$526,380
3 years$380,462$369,680$359,302$349,309$339,684$330,865
4 years$282,503$271,754$261,480$251,658$242,265$233,722
5 years$223,742$213,058$202,919$193,297$184,166$175,924
6 years$184,582$173,978$163,989$154,581$145,725$137,793
7 years$156,621$146,107$136,275$127,090$118,513$110,897
8 years$135,660$125,240$115,572$106,613$98,318$91,017
9 years$119,365$109,044$99,543$90,810$82,798$75,809
10 years$106,337$96,117$86,783$78,279$70,548$63,868
11 years$95,685$85,567$76,403$68,126$60,674$54,298
12 years$86,815$76,801$67,805$59,756$52,579$46,500
13 years$79,315$69,405$60,580$52,756$45,849$40,063
14 years$72,892$63,088$54,431$46,831$40,191$34,689
15 years$67,330$57,632$49,144$41,765$35,388$30,162
16 years$62,468$52,876$44,556$37,396$31,276$26,318
17 years$58,183$48,697$40,544$33,600$27,731$23,034
18 years$54,378$44,998$37,012$30,280$24,657$20,211
19 years$50,978$41,704$33,883$27,361$21,978$17,774
20 years$47,921$38,753$31,096$24,780$19,631$15,661
21 years$45,160$36,097$28,602$22,490$17,567$13,822
22 years$42,652$33,695$26,361$20,448$15,747$12,217
23 years$40,366$31,514$24,340$18,623$14,135$10,812
24 years$38,274$29,527$22,510$16,985$12,705$9,579
25 years$36,352$27,710$20,849$15,512$11,433$8,495
26 years$34,581$26,043$19,336$14,183$10,298$7,540
27 years$32,943$24,509$17,956$12,982$9,285$6,698
28 years$31,426$23,095$16,692$11,894$8,378$5,954
29 years$30,015$21,787$15,533$10,907$7,565$5,295
30 years$28,702$20,576$14,469$10,010$6,835$4,712
31 years$27,475$19,451$13,489$9,194$6,180$4,195
32 years$26,327$18,405$12,585$8,449$5,590$3,737
33 years$25,251$17,429$11,751$7,770$5,059$3,329
34 years$24,241$16,519$10,979$7,149$4,580$2,967
35 years$23,290$15,668$10,265$6,581$4,149$2,645
36 years$22,394$14,871$9,603$6,061$3,759$2,359
37 years$21,549$14,124$8,988$5,584$3,407$2,104
38 years$20,750$13,423$8,417$5,147$3,089$1,877
39 years$19,993$12,764$7,886$4,746$2,801$1,675
40 years$19,277$12,144$7,391$4,377$2,540$1,495
41 years$18,597$11,560$6,931$4,039$2,305$1,334
42 years$17,951$11,009$6,501$3,727$2,091$1,191
43 years$17,337$10,490$6,100$3,441$1,898$1,064
44 years$16,753$9,999$5,726$3,177$1,723$950
45 years$16,196$9,535$5,377$2,934$1,564$848
46 years$15,665$9,096$5,050$2,710$1,420$757
47 years$15,158$8,680$4,744$2,504$1,289$676
48 years$14,673$8,286$4,458$2,314$1,171$604
49 years$14,210$7,913$4,191$2,138$1,064$540
50 years$13,767$7,559$3,940$1,976$966$482

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,100,000, adding $4,216 every year, while hoping to spend $39,023 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: 56/31/13 Blend
53$14,100,000$14,100,000$14,100,000$14,100,000
54$15,542,549$14,795,249$14,576,699$16,361,004
55$17,086,369$15,478,696$15,023,498$17,599,522
56$18,786,350$16,194,324$15,483,957$18,943,295
57$20,658,381$16,943,669$15,958,493$20,406,102
58$22,719,967$17,728,340$16,447,533$21,999,327
59$24,990,399$18,550,024$16,951,522$23,735,483
60$27,490,935$19,410,491$17,470,913$25,628,325
61$30,244,999$20,311,593$18,006,176$27,692,974
62$33,278,401$21,255,273$18,557,796$29,946,057
63$36,619,586$22,243,569$19,126,270$32,405,854
64$40,299,895$23,278,615$19,712,111$35,092,473
65$44,353,866$24,362,650$20,315,849$38,028,025
66$48,819,560$25,498,019$20,938,029$41,236,834
67$53,738,914$26,687,181$21,579,212$44,745,657
68$59,158,145$27,932,715$22,239,978$48,583,930
69$65,128,180$29,237,322$22,920,921$52,784,042
70$71,705,140$30,603,836$23,622,658$57,381,628
71$78,950,867$32,035,227$24,345,819$62,415,905
72$86,933,510$33,534,608$25,091,059$67,930,029
73$95,728,167$35,105,242$25,859,048$73,971,495
74$105,417,593$36,750,552$26,650,479$80,592,580
75$116,092,983$38,474,124$27,466,065$87,850,824
76$127,854,830$40,279,720$28,306,542$95,809,566
77$140,813,878$42,171,281$29,172,666$104,538,530
78$155,092,160$44,152,941$30,065,217$114,114,477
79$170,824,159$46,229,033$30,985,000$124,621,914
80$188,158,068$48,404,100$31,932,843$136,153,885
81$207,257,196$50,682,906$32,909,598$148,812,834
82$228,301,506$53,070,445$33,916,145$162,711,561
83$251,489,313$55,571,951$34,953,390$177,974,276
84$277,039,161$58,192,913$36,022,266$194,737,757
85$305,191,877$60,939,089$37,123,735$213,152,624
86$336,212,855$63,816,510$38,258,786$233,384,753
87$370,394,552$66,831,505$39,428,441$255,616,818
88$408,059,253$69,990,705$40,633,750$280,050,009
89$449,562,114$73,301,067$41,875,798$306,905,906
90$495,294,513$76,769,882$43,155,701$336,428,557
91$545,687,744$80,404,797$44,474,607$368,886,764
92$601,217,090$84,213,828$45,833,703$404,576,601
93$662,406,309$88,205,382$47,234,208$443,824,185
94$729,832,578$92,388,271$48,677,379$486,988,741
95$804,131,942$96,771,738$50,164,513$534,465,965
96$886,005,320$101,365,473$51,696,944$586,691,737
97$976,225,118$106,179,636$53,276,046$644,146,214
98$1,075,642,523$111,224,882$54,903,238$707,358,337
99$1,185,195,541$116,512,382$56,579,977$776,910,796
100$1,305,917,848$122,053,850$58,307,767$853,445,506