Can I retire at age 54 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,401,215
2 years$735,853$722,148$708,867$695,989$683,498$649,312
3 years$485,696$471,932$458,684$445,927$433,639$400,466
4 years$360,642$346,920$333,804$321,265$309,275$277,369
5 years$285,629$271,990$259,046$246,762$235,106$204,557
6 years$235,636$222,100$209,347$197,338$186,031$156,871
7 years$199,942$186,519$173,969$162,242$151,293$123,525
8 years$173,183$159,881$147,539$136,101$125,512$99,125
9 years$152,381$139,205$127,076$115,928$105,700$80,672
10 years$135,750$122,703$110,787$99,931$90,061$66,365
11 years$122,151$109,235$97,535$86,970$77,456$55,058
12 years$110,827$98,044$86,560$76,284$67,122$45,986
13 years$101,253$88,603$77,336$67,348$58,531$38,617
14 years$93,053$80,537$69,487$59,784$51,308$32,573
15 years$85,953$73,572$62,737$53,317$45,176$27,575
16 years$79,747$67,501$56,880$47,739$39,926$23,415
17 years$74,276$62,166$51,759$42,893$35,402$19,932
18 years$69,419$57,444$47,249$38,655$31,477$17,004
19 years$65,078$53,239$43,254$34,929$28,057$14,531
20 years$61,176$49,472$39,697$31,634$25,061$12,437
21 years$57,651$46,081$36,513$28,710$22,426$10,659
22 years$54,450$43,015$33,653$26,104$20,102$9,144
23 years$51,531$40,231$31,072$23,774$18,045$7,852
24 years$48,860$37,694$28,737$21,683$16,219$6,748
25 years$46,407$35,374$26,616$19,802$14,595$5,803
26 years$44,146$33,246$24,685$18,106$13,146$4,994
27 years$42,055$31,288$22,922$16,573$11,853$4,299
28 years$40,118$29,483$21,309$15,184$10,695$3,703
29 years$38,318$27,814$19,830$13,924$9,657$3,190
30 years$36,640$26,267$18,471$12,779$8,726$2,750
31 years$35,074$24,831$17,220$11,737$7,889$2,370
32 years$33,609$23,495$16,066$10,786$7,136$2,044
33 years$32,235$22,250$15,001$9,919$6,458$1,763
34 years$30,945$21,088$14,016$9,126$5,847$1,521
35 years$29,732$20,002$13,104$8,401$5,296$1,312
36 years$28,588$18,985$12,259$7,737$4,798$1,132
37 years$27,509$18,031$11,474$7,129$4,349$977
38 years$26,489$17,136$10,745$6,571$3,943$843
39 years$25,524$16,295$10,067$6,059$3,575$728
40 years$24,609$15,503$9,436$5,588$3,243$628
41 years$23,741$14,757$8,848$5,156$2,942$542
42 years$22,917$14,054$8,299$4,758$2,670$468
43 years$22,133$13,391$7,788$4,392$2,423$404
44 years$21,387$12,764$7,310$4,056$2,199$349
45 years$20,676$12,172$6,864$3,745$1,997$301
46 years$19,997$11,612$6,447$3,460$1,813$260
47 years$19,350$11,081$6,057$3,196$1,646$225
48 years$18,732$10,578$5,692$2,954$1,495$194
49 years$18,140$10,102$5,350$2,730$1,358$167
50 years$17,574$9,650$5,030$2,523$1,233$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $18,000,000, adding $2,152 every year, while hoping to spend $40,472 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: 46/32/22 Blend
53$18,000,000$18,000,000$18,000,000$18,000,000
54$19,838,220$18,884,220$18,605,220$20,625,559
55$21,818,656$19,766,485$19,185,433$22,060,732
56$23,999,741$20,690,624$19,783,726$23,612,711
57$26,401,897$21,658,647$20,400,664$25,295,729
58$29,047,630$22,672,660$21,036,825$27,122,033
59$31,961,738$23,734,871$21,692,809$29,105,071
60$35,171,551$24,847,594$22,369,233$31,259,614
61$38,707,180$26,013,258$23,066,734$33,601,886
62$42,601,809$27,234,404$23,785,966$36,149,713
63$46,892,005$28,513,702$24,527,608$38,922,678
64$51,618,063$29,853,946$25,292,356$41,942,307
65$56,824,386$31,258,070$26,080,930$45,232,256
66$62,559,903$32,729,146$26,894,071$48,818,529
67$68,878,536$34,270,396$27,732,545$52,729,714
68$75,839,701$35,885,200$28,597,140$56,997,246
69$83,508,875$37,577,099$29,488,669$61,655,689
70$91,958,211$39,349,808$30,407,969$66,743,057
71$101,267,219$41,207,219$31,355,907$72,301,159
72$111,523,517$43,153,415$32,333,372$78,375,983
73$122,823,660$45,192,676$33,341,284$85,018,121
74$135,274,048$47,329,491$34,380,591$92,283,230
75$148,991,929$49,568,565$35,452,270$100,232,550
76$164,106,512$51,914,831$36,557,327$108,933,462
77$180,760,181$54,373,462$37,696,802$118,460,118
78$199,109,840$56,949,883$38,871,766$128,894,119
79$219,328,397$59,649,780$40,083,323$140,325,277
80$241,606,390$62,479,116$41,332,611$152,852,439
81$266,153,794$65,444,145$42,620,806$166,584,413
82$293,201,995$68,551,422$43,949,117$181,640,968
83$323,005,979$71,807,822$45,318,792$198,153,954
84$355,846,736$75,220,553$46,731,119$216,268,524
85$392,033,917$78,797,173$48,187,425$236,144,483
86$431,908,750$82,545,608$49,689,078$257,957,779
87$475,847,268$86,474,169$51,237,488$281,902,143
88$524,263,856$90,591,570$52,834,110$308,190,889
89$577,615,162$94,906,949$54,480,445$337,058,910
90$636,404,406$99,429,887$56,178,038$368,764,868
91$701,186,138$104,170,434$57,928,484$403,593,610
92$772,571,463$109,139,124$59,733,427$441,858,829
93$851,233,818$114,347,007$61,594,563$483,905,997
94$937,915,325$119,805,668$63,513,639$530,115,599
95$1,033,433,799$125,527,257$65,492,457$580,906,689
96$1,138,690,468$131,524,514$67,532,875$636,740,816
97$1,254,678,479$137,810,798$69,636,810$698,126,349
98$1,382,492,277$144,400,121$71,806,236$765,623,235
99$1,523,337,935$151,307,172$74,043,191$839,848,252
100$1,678,544,541$158,547,360$76,349,774$921,480,790