Can I retire at age 54 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,124,173
2 years$588,682$577,719$567,093$556,791$546,798$522,628
3 years$388,557$377,546$366,947$356,741$346,911$323,428
4 years$288,513$277,536$267,043$257,012$247,420$224,805
5 years$228,503$217,592$207,237$197,410$188,085$166,402
6 years$188,509$177,680$167,478$157,870$148,825$128,098
7 years$159,953$149,215$139,175$129,794$121,035$101,268
8 years$138,546$127,905$118,031$108,881$100,410$81,596
9 years$121,905$111,364$101,660$92,742$84,560$66,686
10 years$108,600$98,162$88,630$79,945$72,049$55,098
11 years$97,721$87,388$78,028$69,576$61,965$45,915
12 years$88,662$78,435$69,248$61,027$53,697$38,524
13 years$81,002$70,882$61,869$53,878$46,825$32,502
14 years$74,442$64,430$55,589$47,827$41,047$27,546
15 years$68,762$58,858$50,190$42,653$36,141$23,434
16 years$63,797$54,001$45,504$38,191$31,941$19,997
17 years$59,421$49,733$41,407$34,315$28,321$17,109
18 years$55,535$45,955$37,799$30,924$25,182$14,671
19 years$52,063$42,591$34,603$27,943$22,445$12,603
20 years$48,941$39,578$31,757$25,308$20,048$10,844
21 years$46,120$36,865$29,211$22,968$17,941$9,343
22 years$43,560$34,412$26,922$20,883$16,082$8,059
23 years$41,225$32,185$24,858$19,019$14,436$6,959
24 years$39,088$30,155$22,989$17,346$12,975$6,013
25 years$37,125$28,299$21,293$15,842$11,676$5,200
26 years$35,316$26,597$19,748$14,485$10,517$4,500
27 years$33,644$25,031$18,338$13,258$9,482$3,896
28 years$32,094$23,586$17,047$12,147$8,556$3,375
29 years$30,654$22,251$15,864$11,139$7,726$2,924
30 years$29,312$21,014$14,777$10,223$6,981$2,535
31 years$28,059$19,865$13,776$9,389$6,311$2,198
32 years$26,887$18,796$12,853$8,629$5,709$1,907
33 years$25,788$17,800$12,001$7,935$5,167$1,654
34 years$24,756$16,871$11,213$7,301$4,678$1,435
35 years$23,785$16,002$10,483$6,721$4,237$1,246
36 years$22,871$15,188$9,807$6,190$3,839$1,081
37 years$22,007$14,425$9,179$5,703$3,479$938
38 years$21,191$13,709$8,596$5,257$3,154$815
39 years$20,419$13,036$8,053$4,847$2,860$707
40 years$19,687$12,402$7,548$4,471$2,594$614
41 years$18,993$11,806$7,078$4,125$2,354$533
42 years$18,333$11,244$6,639$3,807$2,136$463
43 years$17,706$10,713$6,230$3,514$1,938$402
44 years$17,109$10,212$5,848$3,245$1,759$349
45 years$16,540$9,738$5,491$2,996$1,597$304
46 years$15,998$9,289$5,157$2,768$1,450$264
47 years$15,480$8,865$4,845$2,557$1,317$229
48 years$14,985$8,463$4,553$2,363$1,196$199
49 years$14,512$8,081$4,280$2,184$1,086$173
50 years$14,059$7,720$4,024$2,018$987$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,400,000, adding $2,572 every year, while hoping to spend $21,385 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: 51/40/9 Blend
53$14,400,000$14,400,000$14,400,000$14,400,000
54$15,871,453$15,108,253$14,885,053$16,643,832
55$17,467,588$15,825,804$15,360,949$17,888,138
56$19,225,811$16,577,798$15,852,070$19,237,567
57$21,162,635$17,365,901$16,358,905$20,703,986
58$23,296,251$18,191,858$16,881,956$22,298,402
59$25,646,710$19,057,500$17,421,743$24,032,897
60$28,236,105$19,964,747$17,978,801$25,920,745
61$31,088,780$20,915,613$18,553,684$27,976,524
62$34,231,565$21,912,207$19,146,962$30,216,251
63$37,694,024$22,956,745$19,759,225$32,657,526
64$41,508,735$24,051,546$20,391,079$35,319,689
65$45,711,599$25,199,044$21,043,153$38,223,996
66$50,342,178$26,401,793$21,716,094$41,393,814
67$55,444,067$27,662,469$22,410,571$44,854,830
68$61,065,310$28,983,877$23,127,273$48,635,285
69$67,258,846$30,368,962$23,866,911$52,766,236
70$74,083,017$31,820,810$24,630,221$57,281,833
71$81,602,112$33,342,657$25,417,961$62,219,639
72$89,886,977$34,937,897$26,230,913$67,620,966
73$99,015,685$36,610,089$27,069,884$73,531,262
74$109,074,268$38,362,967$27,935,708$80,000,522
75$120,157,534$40,200,443$28,829,245$87,083,753
76$132,369,961$42,126,623$29,751,383$94,841,479
77$145,826,680$44,145,811$30,703,038$103,340,296
78$160,654,567$46,262,522$31,685,156$112,653,494
79$176,993,436$48,481,488$32,698,711$122,861,729
80$194,997,361$50,807,675$33,744,712$134,053,769
81$214,836,129$53,246,289$34,824,198$146,327,321
82$236,696,847$55,802,790$35,938,241$159,789,931
83$260,785,702$58,482,903$37,087,949$174,559,989
84$287,329,912$61,292,634$38,274,464$190,767,820
85$316,579,870$64,238,280$39,498,965$208,556,903
86$348,811,506$67,326,445$40,762,670$228,085,200
87$384,328,895$70,564,056$42,066,834$249,526,631
88$423,467,123$73,958,376$43,412,755$273,072,690
89$466,595,457$77,517,023$44,801,768$298,934,233
90$514,120,823$81,247,986$46,235,257$327,343,440
91$566,491,654$85,159,645$47,714,645$358,555,990
92$624,202,120$89,260,786$49,241,404$392,853,441
93$687,796,797$93,560,624$50,817,051$430,545,860
94$757,875,801$98,068,826$52,443,154$471,974,729
95$835,100,461$102,795,527$54,121,328$517,516,131
96$920,199,559$107,751,358$55,853,243$567,584,272
97$1,013,976,208$112,947,469$57,640,621$622,635,356
98$1,117,315,439$118,395,552$59,485,239$683,171,860
99$1,231,192,551$124,107,872$61,388,932$749,747,240
100$1,356,682,324$130,097,290$63,353,593$822,971,114