Can I retire at age 54 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,145,990
2 years$609,123$597,778$586,784$576,124$565,784$523,762
3 years$402,048$390,655$379,688$369,128$358,957$318,389
4 years$298,531$287,173$276,316$265,936$256,011$217,207
5 years$236,437$225,147$214,432$204,264$194,615$157,678
6 years$195,055$183,849$173,293$163,352$153,993$118,949
7 years$165,507$154,396$144,007$134,301$125,237$92,081
8 years$143,357$132,346$122,130$112,661$103,896$72,599
9 years$126,138$115,231$105,190$95,963$87,496$58,016
10 years$112,371$101,571$91,707$82,721$74,551$46,839
11 years$101,114$90,422$80,738$71,992$64,116$38,116
12 years$91,740$81,158$71,653$63,146$55,562$31,210
13 years$83,815$73,343$64,017$55,749$48,451$25,682
14 years$77,027$66,667$57,519$49,488$42,472$21,218
15 years$71,150$60,902$51,932$44,134$37,395$17,586
16 years$66,013$55,876$47,084$39,517$33,050$14,614
17 years$61,484$51,460$42,845$35,506$29,305$12,171
18 years$57,464$47,551$39,112$31,998$26,056$10,154
19 years$53,870$44,070$35,805$28,913$23,225$8,484
20 years$50,640$40,952$32,860$26,186$20,745$7,097
21 years$47,722$38,145$30,225$23,766$18,564$5,943
22 years$45,072$35,607$27,857$21,609$16,640$4,981
23 years$42,657$33,303$25,721$19,679$14,937$4,177
24 years$40,446$31,202$23,787$17,949$13,426$3,506
25 years$38,415$29,282$22,032$16,392$12,081$2,943
26 years$36,543$27,520$20,434$14,988$10,882$2,472
27 years$34,813$25,900$18,974$13,719$9,811$2,077
28 years$33,209$24,405$17,639$12,569$8,853$1,746
29 years$31,718$23,023$16,415$11,526$7,994$1,468
30 years$30,330$21,743$15,290$10,578$7,223$1,234
31 years$29,034$20,555$14,254$9,715$6,530$1,038
32 years$27,821$19,449$13,299$8,929$5,907$873
33 years$26,684$18,418$12,418$8,211$5,346$734
34 years$25,616$17,456$11,602$7,554$4,840$618
35 years$24,611$16,557$10,847$6,954$4,384$520
36 years$23,665$15,715$10,147$6,405$3,972$437
37 years$22,771$14,926$9,498$5,901$3,600$368
38 years$21,927$14,185$8,894$5,439$3,264$310
39 years$21,128$13,488$8,333$5,015$2,960$261
40 years$20,371$12,833$7,811$4,626$2,685$219
41 years$19,652$12,216$7,324$4,268$2,435$185
42 years$18,970$11,634$6,870$3,939$2,210$155
43 years$18,321$11,085$6,447$3,636$2,006$131
44 years$17,703$10,566$6,051$3,357$1,821$110
45 years$17,115$10,076$5,682$3,100$1,653$93
46 years$16,553$9,612$5,337$2,864$1,501$78
47 years$16,018$9,173$5,014$2,646$1,363$66
48 years$15,506$8,757$4,711$2,445$1,237$55
49 years$15,016$8,362$4,428$2,260$1,124$46
50 years$14,548$7,988$4,163$2,089$1,021$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,900,000, adding $4,776 every year, while hoping to spend $25,087 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: 29/41/30 Blend
53$14,900,000$14,900,000$14,900,000$14,900,000
54$16,424,726$15,635,026$15,404,076$16,749,222
55$18,073,356$16,374,450$15,893,421$17,747,720
56$19,889,305$17,149,265$16,398,317$18,817,894
57$21,889,614$17,961,179$16,919,260$19,967,919
58$24,093,060$18,811,981$17,456,760$21,204,723
59$26,520,334$19,703,551$18,011,344$22,535,890
60$29,194,238$20,637,855$18,583,554$23,969,722
61$32,139,899$21,616,958$19,173,952$25,515,310
62$35,385,004$22,643,025$19,783,115$27,182,613
63$38,960,065$23,718,324$20,411,640$28,982,544
64$42,898,705$24,845,235$21,060,143$30,927,060
65$47,237,975$26,026,253$21,729,260$33,029,274
66$52,018,704$27,263,995$22,419,645$35,303,562
67$57,285,884$28,561,204$23,131,976$37,765,693
68$63,089,097$29,920,755$23,866,950$40,432,965
69$69,482,979$31,345,667$24,625,287$43,324,359
70$76,527,740$32,839,101$25,407,731$46,460,709
71$84,289,727$34,404,374$26,215,047$49,864,882
72$92,842,055$36,044,965$27,048,028$53,561,985
73$102,265,297$37,764,520$27,907,489$57,579,589
74$112,648,240$39,566,864$28,794,272$61,947,975
75$124,088,727$41,456,008$29,709,247$66,700,406
76$136,694,581$43,436,155$30,653,310$71,873,426
77$150,584,619$45,511,718$31,627,387$77,507,192
78$165,889,777$47,687,319$32,632,432$83,645,833
79$182,754,346$49,967,809$33,669,429$90,337,851
80$201,337,330$52,358,273$34,739,397$97,636,565
81$221,813,954$54,864,044$35,843,382$105,600,591
82$244,377,309$57,490,715$36,982,468$114,294,379
83$269,240,185$60,244,150$38,157,771$123,788,800
84$296,637,070$63,130,499$39,370,442$134,161,795
85$326,826,370$66,156,213$40,621,671$145,499,088
86$360,092,848$69,328,055$41,912,685$157,894,973
87$396,750,307$72,653,118$43,244,748$171,453,177
88$437,144,558$76,138,841$44,619,167$186,287,821
89$481,656,683$79,793,024$46,037,289$202,524,462
90$530,706,631$83,623,849$47,500,505$220,301,258
91$584,757,185$87,639,895$49,010,249$239,770,240
92$644,318,327$91,850,159$50,568,002$261,098,717
93$709,952,056$96,264,077$52,175,290$284,470,824
94$782,277,694$100,891,545$53,833,690$310,089,229
95$861,977,728$105,742,940$55,544,829$338,177,009
96$949,804,259$110,829,147$57,310,383$368,979,722
97$1,046,586,097$116,161,578$59,132,084$402,767,685
98$1,153,236,590$121,752,206$61,011,720$439,838,489
99$1,270,762,242$127,613,584$62,951,132$480,519,762
100$1,400,272,220$133,758,879$64,952,224$525,172,225