Can I retire at age 55 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,086,747
2 years$572,330$561,671$551,341$541,325$531,609$501,962
3 years$377,763$367,058$356,754$346,832$337,275$308,540
4 years$280,499$269,827$259,625$249,873$240,547$212,946
5 years$222,156$211,547$201,480$191,926$182,860$156,469
6 years$183,273$172,744$162,826$153,485$144,691$119,535
7 years$155,510$145,070$135,309$126,189$117,673$93,753
8 years$134,698$124,352$114,753$105,856$97,621$74,927
9 years$118,519$108,271$98,837$90,166$82,211$60,721
10 years$105,583$95,436$86,168$77,724$70,048$49,736
11 years$95,006$84,961$75,861$67,643$60,243$41,078
12 years$86,199$76,256$67,325$59,332$52,206$34,152
13 years$78,752$68,913$60,150$52,381$45,524$28,545
14 years$72,375$62,640$54,045$46,498$39,906$23,962
15 years$66,852$57,223$48,795$41,468$35,137$20,186
16 years$62,025$52,501$44,240$37,130$31,054$17,055
17 years$57,770$48,351$40,257$33,361$27,535$14,445
18 years$53,993$44,679$36,749$30,065$24,482$12,259
19 years$50,616$41,408$33,642$27,167$21,822$10,422
20 years$47,582$38,478$30,875$24,605$19,492$8,873
21 years$44,839$35,841$28,399$22,330$17,443$7,563
22 years$42,350$33,456$26,174$20,303$15,635$6,454
23 years$40,080$31,291$24,167$18,491$14,035$5,511
24 years$38,003$29,318$22,351$16,865$12,615$4,710
25 years$36,094$27,513$20,701$15,402$11,351$4,028
26 years$34,335$25,858$19,199$14,082$10,225$3,447
27 years$32,710$24,335$17,828$12,890$9,219$2,951
28 years$31,203$22,931$16,574$11,810$8,318$2,527
29 years$29,803$21,633$15,423$10,830$7,511$2,165
30 years$28,498$20,430$14,366$9,939$6,787$1,855
31 years$27,280$19,313$13,393$9,128$6,136$1,590
32 years$26,140$18,274$12,496$8,389$5,550$1,363
33 years$25,072$17,306$11,668$7,715$5,023$1,169
34 years$24,069$16,402$10,902$7,098$4,548$1,002
35 years$23,125$15,557$10,192$6,534$4,119$860
36 years$22,235$14,766$9,535$6,018$3,732$737
37 years$21,396$14,024$8,924$5,545$3,383$633
38 years$20,602$13,328$8,357$5,111$3,067$543
39 years$19,852$12,674$7,830$4,712$2,781$466
40 years$19,140$12,058$7,339$4,346$2,522$400
41 years$18,465$11,478$6,881$4,010$2,288$343
42 years$17,824$10,931$6,455$3,701$2,076$294
43 years$17,214$10,415$6,057$3,416$1,885$252
44 years$16,634$9,928$5,686$3,154$1,711$217
45 years$16,081$9,467$5,339$2,913$1,553$186
46 years$15,554$9,031$5,014$2,691$1,410$160
47 years$15,050$8,619$4,711$2,486$1,280$137
48 years$14,569$8,228$4,427$2,297$1,163$118
49 years$14,109$7,857$4,161$2,123$1,056$101
50 years$13,669$7,505$3,912$1,962$959$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $14,000,000, adding $2,797 every year, while hoping to spend $51,550 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: 23/48/29 Blend
54$14,000,000$14,000,000$14,000,000$14,000,000
55$15,430,885$14,688,885$14,471,885$15,644,537
56$16,949,987$15,353,792$14,901,844$16,496,501
57$18,622,309$16,049,551$15,344,480$17,403,459
58$20,463,425$16,777,620$15,800,161$18,373,381
59$22,490,498$17,539,527$16,269,269$19,411,501
60$24,722,435$18,336,870$16,752,197$20,523,534
61$27,180,075$19,171,328$17,249,346$21,715,728
62$29,886,376$20,044,656$17,761,133$22,994,910
63$32,866,638$20,958,696$18,287,983$24,368,547
64$36,148,741$21,915,378$18,830,336$25,844,810
65$39,763,404$22,916,723$19,388,643$27,432,639
66$43,744,478$23,964,850$19,963,370$29,141,818
67$48,129,266$25,061,979$20,554,994$30,983,065
68$52,958,872$26,210,437$21,164,008$32,968,117
69$58,278,592$27,412,662$21,790,916$35,109,834
70$64,138,337$28,671,211$22,436,241$37,422,310
71$70,593,109$29,988,762$23,100,516$39,920,994
72$77,703,516$31,368,122$23,784,294$42,622,827
73$85,536,347$32,812,233$24,488,140$45,546,389
74$94,165,200$34,324,177$25,212,638$48,712,062
75$103,671,176$35,907,188$25,958,388$52,142,207
76$114,143,648$37,564,651$26,726,005$55,861,369
77$125,681,099$39,300,118$27,516,125$59,896,486
78$138,392,055$41,117,309$28,329,400$64,277,136
79$152,396,112$43,020,124$29,166,502$69,035,795
80$167,825,056$45,012,650$30,028,120$74,208,132
81$184,824,115$47,099,174$30,914,966$79,833,328
82$203,553,327$49,284,186$31,827,770$85,954,424
83$224,189,049$51,572,394$32,767,282$92,618,718
84$246,925,623$53,968,732$33,734,277$99,878,184
85$271,977,211$56,478,373$34,729,549$107,789,945
86$299,579,813$59,106,740$35,753,916$116,416,795
87$329,993,499$61,859,516$36,808,218$125,827,764
88$363,504,863$64,742,659$37,893,320$136,098,752
89$400,429,725$67,762,416$39,010,112$147,313,219
90$441,116,115$70,925,332$40,159,509$159,562,947
91$485,947,557$74,238,271$41,342,450$172,948,882
92$535,346,691$77,708,429$42,559,905$187,582,060
93$589,779,259$81,343,348$43,812,868$203,584,624
94$649,758,506$85,150,936$45,102,362$221,090,950
95$715,850,023$89,139,480$46,429,440$240,248,881
96$788,677,082$93,317,672$47,795,183$261,221,092
97$868,926,528$97,694,621$49,200,705$284,186,593
98$957,355,255$102,279,879$50,647,150$309,342,378
99$1,054,797,357$107,083,458$52,135,695$336,905,251
100$1,162,171,996$112,115,857$53,667,550$367,113,832