Can I retire at age 54 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,141,481
2 years$605,035$593,767$582,846$572,257$561,987$523,375
3 years$399,350$388,033$377,140$366,651$356,548$319,227
4 years$296,528$285,245$274,461$264,151$254,293$218,550
5 years$234,850$223,636$212,993$202,894$193,309$159,239
6 years$193,746$182,615$172,130$162,256$152,959$120,590
7 years$164,396$153,360$143,041$133,399$124,397$93,725
8 years$142,395$131,458$121,310$111,905$103,199$74,202
9 years$125,291$114,458$104,484$95,319$86,909$59,552
10 years$111,617$100,889$91,092$82,165$74,050$48,291
11 years$100,435$89,816$80,196$71,509$63,686$39,476
12 years$91,125$80,614$71,172$62,723$55,189$32,475
13 years$83,252$72,851$63,587$55,375$48,126$26,851
14 years$76,510$66,220$57,133$49,155$42,187$22,292
15 years$70,673$60,493$51,584$43,838$37,144$18,568
16 years$65,570$55,501$46,768$39,252$32,828$15,509
17 years$61,072$51,114$42,557$35,268$29,108$12,983
18 years$57,078$47,232$38,849$31,783$25,881$10,888
19 years$53,509$43,774$35,565$28,719$23,069$9,146
20 years$50,301$40,677$32,639$26,011$20,605$7,692
21 years$47,402$37,889$30,022$23,606$18,439$6,476
22 years$44,770$35,368$27,670$21,463$16,528$5,457
23 years$42,370$33,079$25,548$19,547$14,837$4,602
24 years$40,174$30,993$23,628$17,828$13,336$3,884
25 years$38,157$29,085$21,884$16,282$12,000$3,279
26 years$36,298$27,336$20,296$14,887$10,809$2,770
27 years$34,579$25,726$18,847$13,627$9,745$2,340
28 years$32,986$24,241$17,521$12,485$8,793$1,978
29 years$31,506$22,869$16,305$11,449$7,940$1,673
30 years$30,126$21,597$15,187$10,507$7,175$1,415
31 years$28,839$20,417$14,158$9,650$6,486$1,196
32 years$27,634$19,318$13,210$8,869$5,867$1,012
33 years$26,505$18,295$12,334$8,155$5,310$856
34 years$25,444$17,339$11,524$7,504$4,808$725
35 years$24,446$16,446$10,775$6,908$4,354$613
36 years$23,506$15,610$10,079$6,362$3,945$519
37 years$22,618$14,826$9,434$5,861$3,576$439
38 years$21,780$14,090$8,835$5,403$3,242$372
39 years$20,986$13,398$8,277$4,982$2,940$315
40 years$20,234$12,747$7,758$4,595$2,666$267
41 years$19,520$12,134$7,275$4,239$2,419$226
42 years$18,843$11,556$6,824$3,912$2,195$191
43 years$18,198$11,010$6,403$3,612$1,992$162
44 years$17,585$10,495$6,011$3,335$1,808$137
45 years$17,000$10,008$5,644$3,080$1,642$116
46 years$16,442$9,547$5,301$2,845$1,491$98
47 years$15,910$9,111$4,980$2,628$1,353$83
48 years$15,402$8,698$4,680$2,429$1,229$70
49 years$14,915$8,306$4,399$2,244$1,116$60
50 years$14,450$7,934$4,135$2,075$1,014$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,800,000, adding $2,211 every year, while hoping to spend $48,823 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: 35/42/23 Blend
53$14,800,000$14,800,000$14,800,000$14,800,000
54$16,311,881$15,527,481$15,298,081$16,768,874
55$17,923,745$16,236,380$15,758,619$17,815,839
56$19,698,384$16,978,379$16,232,949$18,940,082
57$21,652,347$17,755,048$16,721,481$20,152,146
58$23,803,874$18,568,033$17,224,638$21,459,889
59$26,173,061$19,419,058$17,742,855$22,871,926
60$28,782,052$20,309,931$18,276,580$24,397,703
61$31,655,249$21,242,546$18,826,274$26,047,574
62$34,819,542$22,218,888$19,392,411$27,832,898
63$38,304,560$23,241,037$19,975,481$29,766,136
64$42,142,952$24,311,175$20,575,987$31,860,963
65$46,370,697$25,431,586$21,194,446$34,132,384
66$51,027,440$26,604,667$21,831,393$36,596,874
67$56,156,870$27,832,926$22,487,375$39,272,519
68$61,807,127$29,118,996$23,162,959$42,179,182
69$68,031,262$30,465,635$23,858,726$45,338,677
70$74,887,732$31,875,733$24,575,275$48,774,967
71$82,440,957$33,352,320$25,313,223$52,514,381
72$90,761,923$34,898,572$26,073,204$56,585,849
73$99,928,856$36,517,818$26,855,872$61,021,164
74$110,027,955$38,213,547$27,661,900$65,855,271
75$121,154,213$39,989,418$28,491,981$71,126,584
76$133,412,307$41,849,263$29,346,826$76,877,337
77$146,917,587$43,797,102$30,227,170$83,153,966
78$161,797,169$45,837,148$31,133,768$90,007,534
79$178,191,129$47,973,817$32,067,398$97,494,200
80$196,253,828$50,211,738$33,028,860$105,675,731
81$216,155,370$52,555,764$34,018,977$114,620,070
82$238,083,203$55,010,982$35,038,599$124,401,959
83$262,243,895$57,582,726$36,088,597$135,103,629
84$288,865,079$60,276,585$37,169,871$146,815,554
85$318,197,600$63,098,422$38,283,346$159,637,288
86$350,517,890$66,054,379$39,429,972$173,678,383
87$386,130,570$69,150,898$40,610,731$189,059,405
88$425,371,328$72,394,732$41,826,631$205,913,041
89$468,610,090$75,792,961$43,078,710$224,385,340
90$516,254,509$79,353,005$44,368,036$244,637,057
91$568,753,813$83,082,647$45,695,709$266,845,148
92$626,603,049$86,990,044$47,062,862$291,204,418
93$690,347,751$91,083,748$48,470,660$317,929,325
94$760,589,096$95,372,725$49,920,301$347,255,976
95$837,989,573$99,866,378$51,413,021$379,444,332
96$923,279,241$104,574,562$52,950,089$414,780,619
97$1,017,262,619$109,507,612$54,532,812$453,580,006
98$1,120,826,282$114,676,360$56,162,537$496,189,537
99$1,234,947,230$120,092,168$57,840,649$542,991,376
100$1,360,702,108$125,766,946$59,568,572$594,406,372