Can I retire at age 54 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,094,330
2 years$580,506$569,695$559,217$549,058$539,204$501,296
3 years$383,160$372,302$361,850$351,787$342,093$305,466
4 years$284,506$273,681$263,334$253,443$243,984$208,918
5 years$225,329$214,569$204,358$194,668$185,472$152,061
6 years$185,891$175,212$165,152$155,678$146,758$115,027
7 years$157,732$147,143$137,242$127,991$119,354$89,299
8 years$136,622$126,129$116,392$107,369$99,015$70,615
9 years$120,212$109,818$100,248$91,454$83,385$56,604
10 years$107,092$96,799$87,399$78,834$71,048$45,843
11 years$96,364$86,174$76,945$68,610$61,104$37,426
12 years$87,430$77,345$68,286$60,180$52,951$30,748
13 years$79,877$69,898$61,009$53,130$46,175$25,388
14 years$73,408$63,535$54,817$47,163$40,476$21,048
15 years$67,807$58,040$49,493$42,061$35,639$17,508
16 years$62,911$53,251$44,872$37,661$31,498$14,602
17 years$58,596$49,042$40,832$33,838$27,928$12,205
18 years$54,764$45,317$37,274$30,495$24,832$10,221
19 years$51,339$41,999$34,123$27,555$22,133$8,572
20 years$48,261$39,028$31,316$24,956$19,770$7,198
21 years$45,480$36,353$28,805$22,649$17,692$6,051
22 years$42,955$33,934$26,548$20,593$15,858$5,091
23 years$40,653$31,738$24,513$18,755$14,235$4,287
24 years$38,545$29,736$22,670$17,105$12,795$3,612
25 years$36,610$27,906$20,997$15,622$11,514$3,045
26 years$34,826$26,227$19,474$14,284$10,371$2,568
27 years$33,177$24,683$18,083$13,074$9,350$2,166
28 years$31,649$23,259$16,810$11,979$8,437$1,828
29 years$30,228$21,942$15,644$10,985$7,618$1,543
30 years$28,905$20,722$14,571$10,081$6,884$1,303
31 years$27,670$19,589$13,584$9,259$6,224$1,100
32 years$26,514$18,535$12,675$8,509$5,630$929
33 years$25,430$17,553$11,834$7,825$5,095$785
34 years$24,412$16,636$11,057$7,200$4,613$663
35 years$23,455$15,779$10,338$6,628$4,178$560
36 years$22,553$14,977$9,671$6,104$3,785$473
37 years$21,701$14,225$9,052$5,624$3,431$400
38 years$20,897$13,518$8,476$5,184$3,110$338
39 years$20,135$12,855$7,942$4,780$2,821$286
40 years$19,414$12,230$7,444$4,408$2,558$241
41 years$18,729$11,642$6,980$4,067$2,321$204
42 years$18,079$11,087$6,547$3,754$2,106$172
43 years$17,460$10,564$6,144$3,465$1,911$146
44 years$16,872$10,070$5,767$3,199$1,735$123
45 years$16,311$9,602$5,415$2,955$1,575$104
46 years$15,776$9,160$5,086$2,729$1,430$88
47 years$15,265$8,742$4,778$2,522$1,299$74
48 years$14,777$8,345$4,490$2,330$1,179$63
49 years$14,311$7,969$4,220$2,153$1,071$53
50 years$13,864$7,612$3,968$1,990$973$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,200,000, adding $3,549 every year, while hoping to spend $49,401 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: 48/29/23 Blend
53$14,200,000$14,200,000$14,200,000$14,200,000
54$15,652,061$14,899,461$14,679,361$16,300,977
55$17,196,009$15,576,972$15,118,557$17,432,153
56$18,895,784$16,286,026$15,570,811$18,654,588
57$20,767,228$17,028,115$16,036,507$19,981,077
58$22,827,797$17,804,805$16,516,043$21,421,426
59$25,096,728$18,617,736$17,009,825$22,986,405
60$27,595,215$19,468,626$17,518,275$24,687,848
61$30,346,615$20,359,276$18,041,825$26,538,760
62$33,376,662$21,291,574$18,580,919$28,553,435
63$36,713,718$22,267,497$19,136,016$30,747,585
64$40,389,031$23,289,118$19,707,587$33,138,481
65$44,437,038$24,358,610$20,296,116$35,745,116
66$48,895,683$25,478,250$20,902,103$38,588,373
67$53,806,781$26,650,422$21,526,062$41,691,218
68$59,216,409$27,877,629$22,168,522$45,078,909
69$65,175,341$29,162,492$22,830,026$48,779,232
70$71,739,529$30,507,756$23,511,134$52,822,752
71$78,970,626$31,916,302$24,212,423$57,243,094
72$86,936,577$33,391,148$24,934,486$62,077,256
73$95,712,249$34,935,455$25,677,932$67,365,949
74$105,380,146$36,552,540$26,443,391$73,153,972
75$116,031,184$38,245,878$27,231,507$79,490,626
76$127,765,549$40,019,110$28,042,947$86,430,172
77$140,693,644$41,876,055$28,878,394$94,032,334
78$154,937,128$43,820,715$29,738,553$102,362,848
79$170,630,069$45,857,284$30,624,149$111,494,081
80$187,920,205$47,990,159$31,535,927$121,505,694
81$206,970,339$50,223,950$32,474,654$132,485,390
82$227,959,879$52,563,489$33,441,120$144,529,725
83$251,086,527$55,013,840$34,436,137$157,745,009
84$276,568,147$57,580,312$35,460,542$172,248,299
85$304,644,822$60,268,472$36,515,194$188,168,487
86$335,581,120$63,084,153$37,600,979$205,647,504
87$369,668,590$66,033,472$38,718,808$224,841,644
88$407,228,515$69,122,841$39,869,617$245,923,029
89$448,614,944$72,358,981$41,054,370$269,081,209
90$494,218,037$75,748,940$42,274,060$294,524,944
91$544,467,743$79,300,104$43,529,707$322,484,149
92$599,837,862$83,020,219$44,822,362$353,212,052
93$660,850,517$86,917,403$46,153,104$386,987,562
94$728,081,083$91,000,168$47,523,046$424,117,884
95$802,163,616$95,277,440$48,933,331$464,941,394
96$883,796,844$99,758,572$50,385,136$509,830,819
97$973,750,755$104,453,376$51,879,671$559,196,723
98$1,072,873,874$109,372,133$53,418,182$613,491,366
99$1,182,101,268$114,525,627$55,001,950$673,212,948
100$1,302,463,376$119,925,161$56,632,294$738,910,281