Can I retire at age 54 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,125,606
2 years$596,859$585,743$574,970$564,524$554,393$515,860
3 years$393,953$382,789$372,043$361,696$351,729$314,492
4 years$292,520$281,391$270,752$260,582$250,856$215,199
5 years$231,677$220,614$210,115$200,152$190,697$156,715
6 years$191,127$180,148$169,804$160,063$150,892$118,614
7 years$162,175$151,288$141,108$131,597$122,716$92,136
8 years$140,471$129,682$119,671$110,393$101,804$72,901
9 years$123,598$112,911$103,072$94,030$85,734$58,472
10 years$110,108$99,526$89,861$81,055$73,050$47,386
11 years$99,078$88,602$79,112$70,542$62,825$38,711
12 years$89,893$79,524$70,210$61,875$54,443$31,824
13 years$82,127$71,867$62,728$54,626$47,475$26,295
14 years$75,476$65,325$56,361$48,491$41,617$21,815
15 years$69,718$59,675$50,887$43,246$36,643$18,158
16 years$64,684$54,751$46,136$38,722$32,385$15,156
17 years$60,246$50,424$41,982$34,791$28,715$12,678
18 years$56,307$46,594$38,324$31,354$25,532$10,624
19 years$52,786$43,183$35,084$28,331$22,757$8,917
20 years$49,621$40,127$32,198$25,659$20,327$7,494
21 years$46,761$37,377$29,616$23,287$18,190$6,305
22 years$44,165$34,890$27,296$21,173$16,305$5,309
23 years$41,798$32,632$25,203$19,283$14,636$4,473
24 years$39,631$30,574$23,309$17,587$13,155$3,772
25 years$37,641$28,692$21,588$16,062$11,838$3,182
26 years$35,807$26,966$20,022$14,686$10,663$2,686
27 years$34,112$25,378$18,592$13,442$9,614$2,268
28 years$32,540$23,914$17,284$12,316$8,675$1,915
29 years$31,080$22,560$16,084$11,294$7,833$1,618
30 years$29,719$21,305$14,982$10,365$7,078$1,367
31 years$28,449$20,141$13,967$9,520$6,399$1,155
32 years$27,261$19,057$13,032$8,749$5,788$977
33 years$26,146$18,047$12,168$8,045$5,238$826
34 years$25,100$17,105$11,369$7,402$4,743$698
35 years$24,116$16,224$10,629$6,814$4,296$590
36 years$23,188$15,399$9,943$6,276$3,892$499
37 years$22,313$14,625$9,307$5,782$3,528$422
38 years$21,485$13,899$8,715$5,330$3,198$357
39 years$20,702$13,217$8,165$4,914$2,900$302
40 years$19,961$12,575$7,653$4,533$2,630$255
41 years$19,257$11,970$7,176$4,182$2,386$216
42 years$18,588$11,400$6,732$3,859$2,165$183
43 years$17,952$10,862$6,317$3,563$1,965$155
44 years$17,347$10,353$5,929$3,290$1,784$131
45 years$16,770$9,873$5,567$3,038$1,619$111
46 years$16,220$9,418$5,229$2,806$1,470$94
47 years$15,695$8,988$4,913$2,593$1,335$79
48 years$15,193$8,580$4,617$2,396$1,213$67
49 years$14,714$8,194$4,339$2,214$1,101$57
50 years$14,255$7,827$4,080$2,046$1,000$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,600,000, adding $6,167 every year, while hoping to spend $40,375 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: 69/20/11 Blend
53$14,600,000$14,600,000$14,600,000$14,600,000
54$16,095,561$15,321,761$15,095,461$17,168,842
55$17,694,350$16,029,569$15,558,201$18,589,770
56$19,454,862$16,770,706$16,035,088$20,138,247
57$21,393,550$17,546,763$16,526,556$21,831,193
58$23,528,544$18,359,407$17,033,048$23,682,794
59$25,879,823$19,210,385$17,555,023$25,708,660
60$28,469,401$20,101,529$18,092,951$27,925,968
61$31,321,535$21,034,759$18,647,320$30,353,621
62$34,462,957$22,012,088$19,218,631$33,012,425
63$37,923,122$23,035,624$19,807,399$35,925,279
64$41,734,490$24,107,579$20,414,157$39,117,388
65$45,932,829$25,230,272$21,039,452$42,616,498
66$50,557,553$26,406,130$21,683,849$46,453,154
67$55,652,096$27,637,703$22,347,930$50,660,982
68$61,264,319$28,927,659$23,032,295$55,277,004
69$67,446,963$30,278,798$23,737,560$60,341,980
70$74,258,148$31,694,054$24,464,363$65,900,791
71$81,761,919$33,176,503$25,213,359$72,002,856
72$90,028,852$34,729,369$25,985,224$78,702,594
73$99,136,719$36,356,033$26,780,654$86,059,929
74$109,171,224$38,060,038$27,600,366$94,140,854
75$120,226,810$39,845,100$28,445,098$103,018,044
76$132,407,549$41,715,115$29,315,613$112,771,538
77$145,828,127$43,674,164$30,212,695$123,489,489
78$160,614,928$45,726,529$31,137,152$135,268,984
79$176,907,221$47,876,699$32,089,817$148,216,959
80$194,858,478$50,129,379$33,071,547$162,451,195
81$214,637,826$52,489,502$34,083,227$178,101,429
82$236,431,637$54,962,240$35,125,767$195,310,562
83$260,445,290$57,553,016$36,200,107$214,236,007
84$286,905,111$60,267,515$37,307,211$235,051,159
85$316,060,507$63,111,698$38,448,078$257,947,027
86$348,186,323$66,091,815$39,623,732$283,134,026
87$383,585,432$69,214,418$40,835,232$310,843,949
88$422,591,600$72,486,378$42,083,666$341,332,150
89$465,572,631$75,914,899$43,370,157$374,879,941
90$512,933,844$79,507,533$44,695,861$411,797,233
91$565,121,893$83,272,199$46,061,969$452,425,451
92$622,628,990$87,217,201$47,469,710$497,140,744
93$685,997,548$91,351,245$48,920,346$546,357,524
94$755,825,302$95,683,460$50,415,181$600,532,359
95$832,770,951$100,223,418$51,955,558$660,168,273
96$917,560,377$104,981,154$53,542,858$725,819,474
97$1,010,993,498$109,967,194$55,178,507$798,096,576
98$1,113,951,820$115,192,571$56,863,972$877,672,338
99$1,227,406,755$120,668,857$58,600,765$965,288,005
100$1,352,428,797$126,408,184$60,390,444$1,061,760,280