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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.4%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,381,124
2 years$735,853$722,148$708,867$695,989$683,498$629,501
3 years$485,696$471,932$458,684$445,927$433,639$381,564
4 years$360,642$346,920$333,804$321,265$309,275$259,520
5 years$285,629$271,990$259,046$246,762$235,106$187,799
6 years$235,636$222,100$209,347$197,338$186,031$141,205
7 years$199,942$186,519$173,969$162,242$151,293$108,934
8 years$173,183$159,881$147,539$136,101$125,512$85,581
9 years$152,381$139,205$127,076$115,928$105,700$68,140
10 years$135,750$122,703$110,787$99,931$90,061$54,804
11 years$122,151$109,235$97,535$86,970$77,456$44,423
12 years$110,827$98,044$86,560$76,284$67,122$36,229
13 years$101,253$88,603$77,336$67,348$58,531$29,691
14 years$93,053$80,537$69,487$59,784$51,308$24,427
15 years$85,953$73,572$62,737$53,317$45,176$20,159
16 years$79,747$67,501$56,880$47,739$39,926$16,680
17 years$74,276$62,166$51,759$42,893$35,402$13,830
18 years$69,419$57,444$47,249$38,655$31,477$11,486
19 years$65,078$53,239$43,254$34,929$28,057$9,554
20 years$61,176$49,472$39,697$31,634$25,061$7,955
21 years$57,651$46,081$36,513$28,710$22,426$6,631
22 years$54,450$43,015$33,653$26,104$20,102$5,531
23 years$51,531$40,231$31,072$23,774$18,045$4,617
24 years$48,860$37,694$28,737$21,683$16,219$3,856
25 years$46,407$35,374$26,616$19,802$14,595$3,222
26 years$44,146$33,246$24,685$18,106$13,146$2,693
27 years$42,055$31,288$22,922$16,573$11,853$2,252
28 years$40,118$29,483$21,309$15,184$10,695$1,883
29 years$38,318$27,814$19,830$13,924$9,657$1,576
30 years$36,640$26,267$18,471$12,779$8,726$1,318
31 years$35,074$24,831$17,220$11,737$7,889$1,103
32 years$33,609$23,495$16,066$10,786$7,136$923
33 years$32,235$22,250$15,001$9,919$6,458$773
34 years$30,945$21,088$14,016$9,126$5,847$647
35 years$29,732$20,002$13,104$8,401$5,296$542
36 years$28,588$18,985$12,259$7,737$4,798$454
37 years$27,509$18,031$11,474$7,129$4,349$380
38 years$26,489$17,136$10,745$6,571$3,943$318
39 years$25,524$16,295$10,067$6,059$3,575$266
40 years$24,609$15,503$9,436$5,588$3,243$223
41 years$23,741$14,757$8,848$5,156$2,942$187
42 years$22,917$14,054$8,299$4,758$2,670$156
43 years$22,133$13,391$7,788$4,392$2,423$131
44 years$21,387$12,764$7,310$4,056$2,199$110
45 years$20,676$12,172$6,864$3,745$1,997$92
46 years$19,997$11,612$6,447$3,460$1,813$77
47 years$19,350$11,081$6,057$3,196$1,646$64
48 years$18,732$10,578$5,692$2,954$1,495$54
49 years$18,140$10,102$5,350$2,730$1,358$45
50 years$17,574$9,650$5,030$2,523$1,233$38

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 $3,443 every year, while hoping to spend $38,144 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: 44/35/21 Blend
53$18,000,000$18,000,000$18,000,000$18,000,000
54$19,839,551$18,885,551$18,606,551$20,591,660
55$21,822,601$19,770,359$19,189,286$22,007,579
56$24,006,643$20,697,243$19,790,264$23,537,405
57$26,412,138$21,668,226$20,410,056$25,194,885
58$29,061,634$22,685,426$21,049,250$26,991,860
59$31,979,975$23,751,067$21,708,455$28,941,322
60$35,194,540$24,867,477$22,388,295$31,057,540
61$38,735,498$26,037,097$23,089,418$33,356,177
62$42,636,093$27,262,490$23,812,488$35,854,438
63$46,932,961$28,546,338$24,558,192$38,571,222
64$51,666,471$29,891,456$25,327,239$41,527,289
65$56,881,108$31,300,795$26,120,360$44,745,453
66$62,625,896$32,777,449$26,938,306$48,250,783
67$68,954,854$34,324,660$27,781,856$52,070,830
68$75,927,510$35,945,830$28,651,809$56,235,883
69$83,609,464$37,644,524$29,548,993$60,779,237
70$92,073,004$39,424,480$30,474,259$65,737,500
71$101,397,790$41,289,618$31,428,486$71,150,929
72$111,671,603$43,244,049$32,412,579$77,063,792
73$122,991,180$45,292,080$33,427,473$83,524,781
74$135,463,119$47,438,231$34,474,133$90,587,450
75$149,204,891$49,687,239$35,553,550$98,310,714
76$164,345,948$52,044,071$36,666,752$106,759,388
77$181,028,939$54,513,935$37,814,793$116,004,783
78$199,411,067$57,102,294$38,998,764$126,125,362
79$219,665,563$59,814,873$40,219,790$137,207,471
80$241,983,326$62,657,678$41,479,028$149,346,129
81$266,574,725$65,637,004$42,777,676$162,645,909
82$293,671,583$68,759,453$44,116,964$177,221,912
83$323,529,368$72,031,950$45,498,166$193,200,824
84$356,429,600$75,461,751$46,922,590$210,722,101
85$392,682,513$79,056,471$48,391,591$229,939,256
86$432,629,981$82,824,090$49,906,561$251,021,292
87$476,648,748$86,772,979$51,468,940$274,154,267
88$525,153,980$90,911,915$53,080,209$299,543,035
89$578,603,187$95,250,101$54,741,898$327,413,142
90$637,500,545$99,797,188$56,455,584$358,012,939
91$702,401,647$104,563,297$58,222,893$391,615,892
92$773,918,758$109,559,041$60,045,502$428,523,135
93$852,726,586$114,795,549$61,925,141$469,066,285
94$939,568,659$120,284,492$63,863,594$513,610,533
95$1,035,264,337$126,038,107$65,862,700$562,558,065
96$1,140,716,555$132,069,229$67,924,356$616,351,820
97$1,256,920,339$138,391,317$70,050,517$675,479,632
98$1,384,972,206$145,018,484$72,243,202$740,478,800
99$1,526,080,512$151,965,531$74,504,491$811,941,117
100$1,681,576,862$159,247,980$76,836,528$890,518,418