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%19.8%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,378,941
2 years$735,853$722,148$708,867$695,989$683,498$627,362
3 years$485,696$471,932$458,684$445,927$433,639$379,538
4 years$360,642$346,920$333,804$321,265$309,275$257,622
5 years$285,629$271,990$259,046$246,762$235,106$186,032
6 years$235,636$222,100$209,347$197,338$186,031$139,568
7 years$199,942$186,519$173,969$162,242$151,293$107,425
8 years$173,183$159,881$147,539$136,101$125,512$84,195
9 years$152,381$139,205$127,076$115,928$105,700$66,872
10 years$135,750$122,703$110,787$99,931$90,061$53,648
11 years$122,151$109,235$97,535$86,970$77,456$43,373
12 years$110,827$98,044$86,560$76,284$67,122$35,278
13 years$101,253$88,603$77,336$67,348$58,531$28,832
14 years$93,053$80,537$69,487$59,784$51,308$23,654
15 years$85,953$73,572$62,737$53,317$45,176$19,466
16 years$79,747$67,501$56,880$47,739$39,926$16,059
17 years$74,276$62,166$51,759$42,893$35,402$13,276
18 years$69,419$57,444$47,249$38,655$31,477$10,993
19 years$65,078$53,239$43,254$34,929$28,057$9,116
20 years$61,176$49,472$39,697$31,634$25,061$7,567
21 years$57,651$46,081$36,513$28,710$22,426$6,288
22 years$54,450$43,015$33,653$26,104$20,102$5,229
23 years$51,531$40,231$31,072$23,774$18,045$4,351
24 years$48,860$37,694$28,737$21,683$16,219$3,622
25 years$46,407$35,374$26,616$19,802$14,595$3,017
26 years$44,146$33,246$24,685$18,106$13,146$2,514
27 years$42,055$31,288$22,922$16,573$11,853$2,095
28 years$40,118$29,483$21,309$15,184$10,695$1,747
29 years$38,318$27,814$19,830$13,924$9,657$1,456
30 years$36,640$26,267$18,471$12,779$8,726$1,215
31 years$35,074$24,831$17,220$11,737$7,889$1,013
32 years$33,609$23,495$16,066$10,786$7,136$845
33 years$32,235$22,250$15,001$9,919$6,458$705
34 years$30,945$21,088$14,016$9,126$5,847$588
35 years$29,732$20,002$13,104$8,401$5,296$491
36 years$28,588$18,985$12,259$7,737$4,798$410
37 years$27,509$18,031$11,474$7,129$4,349$342
38 years$26,489$17,136$10,745$6,571$3,943$285
39 years$25,524$16,295$10,067$6,059$3,575$238
40 years$24,609$15,503$9,436$5,588$3,243$199
41 years$23,741$14,757$8,848$5,156$2,942$166
42 years$22,917$14,054$8,299$4,758$2,670$138
43 years$22,133$13,391$7,788$4,392$2,423$116
44 years$21,387$12,764$7,310$4,056$2,199$96
45 years$20,676$12,172$6,864$3,745$1,997$80
46 years$19,997$11,612$6,447$3,460$1,813$67
47 years$19,350$11,081$6,057$3,196$1,646$56
48 years$18,732$10,578$5,692$2,954$1,495$47
49 years$18,140$10,102$5,350$2,730$1,358$39
50 years$17,574$9,650$5,030$2,523$1,233$33

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 $6,364 every year, while hoping to spend $54,017 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: 60/10/30 Blend
53$18,000,000$18,000,000$18,000,000$18,000,000
54$19,842,564$18,888,564$18,609,564$20,870,710
55$21,809,032$19,756,630$19,175,511$22,442,347
56$23,974,270$20,665,421$19,758,607$24,150,260
57$26,358,494$21,616,875$20,359,369$26,012,925
58$28,983,982$22,613,024$20,978,330$28,045,450
59$31,875,283$23,655,998$21,616,039$30,264,459
60$35,059,448$24,748,027$22,273,062$32,688,249
61$38,566,283$25,891,452$22,949,981$35,336,953
62$42,428,635$27,088,724$23,647,396$38,232,734
63$46,682,698$28,342,413$24,365,926$41,399,983
64$51,368,354$29,655,213$25,106,205$44,865,552
65$56,529,554$31,029,946$25,868,891$48,659,000
66$62,214,728$32,469,573$26,654,658$52,812,869
67$68,477,243$33,977,195$27,464,202$57,362,986
68$75,375,907$35,556,063$28,298,239$62,348,800
69$82,975,527$37,209,587$29,157,506$67,813,745
70$91,347,512$38,941,339$30,042,765$73,805,650
71$100,570,557$40,755,063$30,954,796$80,377,182
72$110,731,380$42,654,687$31,894,407$87,586,341
73$121,925,538$44,644,324$32,862,428$95,497,000
74$134,258,337$46,728,290$33,859,714$104,179,504
75$147,845,818$48,911,107$34,887,144$113,711,328
76$162,815,856$51,197,516$35,945,628$124,177,800
77$179,309,365$53,592,486$37,036,098$135,672,905
78$197,481,630$56,101,227$38,159,517$148,300,163
79$217,503,772$58,729,203$39,316,877$162,173,598
80$239,564,361$61,482,138$40,509,196$177,418,811
81$263,871,199$64,366,036$41,737,528$194,174,157
82$290,653,279$67,387,190$43,002,953$212,592,041
83$320,162,949$70,552,198$44,306,588$232,840,355
84$352,678,292$73,867,977$45,649,580$255,104,048
85$388,505,748$77,341,779$47,033,112$279,586,867
86$427,983,015$80,981,207$48,458,401$306,513,272
87$471,482,228$84,794,231$49,926,703$336,130,546
88$519,413,477$88,789,210$51,439,309$368,711,116
89$572,228,675$92,974,905$52,997,549$404,555,120
90$630,425,826$97,360,501$54,602,794$443,993,228
91$694,553,726$101,955,632$56,256,453$487,389,750
92$765,217,143$106,770,394$57,959,981$535,146,070
93$843,082,525$111,815,377$59,714,874$587,704,417
94$928,884,292$117,101,680$61,522,672$645,552,035
95$1,023,431,772$122,640,944$63,384,963$709,225,763
96$1,127,616,835$128,445,372$65,303,381$779,317,093
97$1,242,422,317$134,527,761$67,279,609$856,477,742
98$1,368,931,298$140,901,526$69,315,381$941,425,786
99$1,508,337,325$147,580,736$71,412,481$1,034,952,430
100$1,661,955,681$154,580,140$73,572,748$1,137,929,454