Can I retire at age 54 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,119,238
2 years$592,771$581,731$571,031$560,658$550,595$513,648
3 years$391,255$380,167$369,495$359,219$349,320$313,596
4 years$290,517$279,463$268,898$258,797$249,138$214,912
5 years$230,090$219,103$208,676$198,781$189,391$156,754
6 years$189,818$178,914$168,641$158,967$149,859$118,838
7 years$161,064$150,252$140,141$130,695$121,875$92,468
8 years$139,508$128,793$118,851$109,637$101,107$73,293
9 years$122,752$112,138$102,366$93,386$85,147$58,894
10 years$109,354$98,844$89,245$80,500$72,549$47,819
11 years$98,400$87,995$78,570$70,059$62,395$39,140
12 years$89,277$78,980$69,729$61,451$54,070$32,242
13 years$81,565$71,374$62,298$54,252$47,150$26,694
14 years$74,959$64,877$55,975$48,159$41,332$22,193
15 years$69,240$59,267$50,538$42,949$36,392$18,512
16 years$64,240$54,376$45,820$38,457$32,163$15,484
17 years$59,834$50,078$41,695$34,553$28,518$12,981
18 years$55,921$46,275$38,062$31,139$25,357$10,903
19 years$52,424$42,887$34,844$28,137$22,601$9,172
20 years$49,281$39,852$31,978$25,483$20,188$7,726
21 years$46,441$37,121$29,413$23,128$18,066$6,515
22 years$43,862$34,651$27,109$21,028$16,193$5,498
23 years$41,511$32,408$25,030$19,151$14,536$4,644
24 years$39,360$30,365$23,149$17,467$13,065$3,925
25 years$37,383$28,496$21,441$15,952$11,757$3,319
26 years$35,562$26,781$19,885$14,585$10,590$2,808
27 years$33,878$25,204$18,465$13,350$9,548$2,377
28 years$32,317$23,750$17,166$12,232$8,615$2,012
29 years$30,867$22,405$15,974$11,217$7,779$1,704
30 years$29,516$21,160$14,879$10,294$7,029$1,444
31 years$28,254$20,003$13,871$9,454$6,355$1,223
32 years$27,074$18,927$12,942$8,689$5,749$1,037
33 years$25,967$17,924$12,084$7,990$5,202$878
34 years$24,928$16,988$11,291$7,352$4,710$745
35 years$23,951$16,113$10,556$6,768$4,266$631
36 years$23,029$15,293$9,875$6,233$3,865$535
37 years$22,160$14,525$9,243$5,743$3,503$454
38 years$21,338$13,804$8,656$5,293$3,176$385
39 years$20,561$13,126$8,109$4,881$2,880$326
40 years$19,824$12,489$7,601$4,502$2,612$277
41 years$19,125$11,888$7,127$4,153$2,370$235
42 years$18,461$11,322$6,686$3,833$2,151$199
43 years$17,829$10,787$6,273$3,538$1,952$169
44 years$17,228$10,282$5,889$3,267$1,772$143
45 years$16,655$9,805$5,529$3,017$1,608$121
46 years$16,109$9,354$5,193$2,787$1,460$103
47 years$15,588$8,926$4,879$2,575$1,326$87
48 years$15,089$8,521$4,585$2,379$1,204$74
49 years$14,613$8,138$4,310$2,199$1,094$63
50 years$14,157$7,773$4,052$2,032$993$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,500,000, adding $5,168 every year, while hoping to spend $42,174 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: 49/35/16 Blend
53$14,500,000$14,500,000$14,500,000$14,500,000
54$15,984,331$15,215,831$14,991,081$16,696,250
55$17,569,860$15,916,534$15,448,409$17,888,930
56$19,315,699$16,650,158$15,919,645$19,179,024
57$21,238,156$17,418,271$16,405,208$20,579,524
58$23,355,200$18,222,518$16,905,535$22,100,807
59$25,686,631$19,064,622$17,421,070$23,754,273
60$28,254,267$19,946,388$17,952,276$25,552,443
61$31,082,152$20,869,711$18,499,627$27,509,071
62$34,196,779$21,836,574$19,063,612$29,639,275
63$37,627,341$22,849,057$19,644,734$31,959,665
64$41,406,009$23,909,340$20,243,512$34,488,498
65$45,568,232$25,019,708$20,860,480$37,245,845
66$50,153,075$26,182,557$21,496,189$40,253,769
67$55,203,584$27,400,398$22,151,207$43,536,530
68$60,767,194$28,675,861$22,826,116$47,120,807
69$66,896,176$30,011,707$23,521,520$51,035,936
70$73,648,133$31,410,828$24,238,038$55,314,186
71$81,086,539$32,876,254$24,976,308$59,991,051
72$89,281,340$34,411,165$25,736,989$65,105,577
73$98,309,616$36,018,892$26,520,757$70,700,720
74$108,256,306$37,702,927$27,328,312$76,823,743
75$119,215,011$39,466,932$28,160,372$83,526,653
76$131,288,875$41,314,744$29,017,677$90,866,677
77$144,591,562$43,250,388$29,900,991$98,906,795
78$159,248,327$45,278,083$30,811,099$107,716,321
79$175,397,197$47,402,249$31,748,812$117,371,545
80$193,190,276$49,627,525$32,714,962$127,956,440
81$212,795,180$51,958,769$33,710,410$139,563,442
82$234,396,619$54,401,079$34,736,039$152,294,309
83$258,198,138$56,959,797$35,792,760$166,261,063
84$284,424,044$59,640,523$36,881,514$181,587,037
85$313,321,518$62,449,130$38,003,266$198,408,019
86$345,162,951$65,391,775$39,159,013$216,873,522
87$380,248,512$68,474,912$40,349,780$237,148,171
88$418,908,988$71,705,310$41,576,625$259,413,243
89$461,508,898$75,090,064$42,840,636$283,868,357
90$508,449,942$78,636,614$44,142,934$310,733,339
91$560,174,787$82,352,759$45,484,673$340,250,277
92$617,171,249$86,246,678$46,867,043$372,685,781
93$679,976,898$90,326,946$48,291,270$408,333,478
94$749,184,129$94,602,554$49,758,616$447,516,762
95$825,445,760$99,082,929$51,270,379$490,591,816
96$909,481,190$103,777,955$52,827,899$537,950,952
97$1,002,083,193$108,697,996$54,432,555$590,026,286
98$1,104,125,400$113,853,919$56,085,767$647,293,786
99$1,216,570,548$119,257,119$57,788,998$710,277,737
100$1,340,479,569$124,919,543$59,543,754$779,555,656