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%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,405,790
2 years$735,853$722,148$708,867$695,989$683,498$653,856
3 years$485,696$471,932$458,684$445,927$433,639$404,835
4 years$360,642$346,920$333,804$321,265$309,275$281,531
5 years$285,629$271,990$259,046$246,762$235,106$208,501
6 years$235,636$222,100$209,347$197,338$186,031$160,593
7 years$199,942$186,519$173,969$162,242$151,293$127,028
8 years$173,183$159,881$147,539$136,101$125,512$102,412
9 years$152,381$139,205$127,076$115,928$105,700$83,749
10 years$135,750$122,703$110,787$99,931$90,061$69,238
11 years$122,151$109,235$97,535$86,970$77,456$57,734
12 years$110,827$98,044$86,560$76,284$67,122$48,473
13 years$101,253$88,603$77,336$67,348$58,531$40,923
14 years$93,053$80,537$69,487$59,784$51,308$34,707
15 years$85,953$73,572$62,737$53,317$45,176$29,546
16 years$79,747$67,501$56,880$47,739$39,926$25,231
17 years$74,276$62,166$51,759$42,893$35,402$21,603
18 years$69,419$57,444$47,249$38,655$31,477$18,537
19 years$65,078$53,239$43,254$34,929$28,057$15,937
20 years$61,176$49,472$39,697$31,634$25,061$13,723
21 years$57,651$46,081$36,513$28,710$22,426$11,832
22 years$54,450$43,015$33,653$26,104$20,102$10,214
23 years$51,531$40,231$31,072$23,774$18,045$8,826
24 years$48,860$37,694$28,737$21,683$16,219$7,633
25 years$46,407$35,374$26,616$19,802$14,595$6,606
26 years$44,146$33,246$24,685$18,106$13,146$5,721
27 years$42,055$31,288$22,922$16,573$11,853$4,957
28 years$40,118$29,483$21,309$15,184$10,695$4,298
29 years$38,318$27,814$19,830$13,924$9,657$3,727
30 years$36,640$26,267$18,471$12,779$8,726$3,234
31 years$35,074$24,831$17,220$11,737$7,889$2,806
32 years$33,609$23,495$16,066$10,786$7,136$2,436
33 years$32,235$22,250$15,001$9,919$6,458$2,115
34 years$30,945$21,088$14,016$9,126$5,847$1,837
35 years$29,732$20,002$13,104$8,401$5,296$1,595
36 years$28,588$18,985$12,259$7,737$4,798$1,386
37 years$27,509$18,031$11,474$7,129$4,349$1,204
38 years$26,489$17,136$10,745$6,571$3,943$1,046
39 years$25,524$16,295$10,067$6,059$3,575$909
40 years$24,609$15,503$9,436$5,588$3,243$790
41 years$23,741$14,757$8,848$5,156$2,942$687
42 years$22,917$14,054$8,299$4,758$2,670$597
43 years$22,133$13,391$7,788$4,392$2,423$519
44 years$21,387$12,764$7,310$4,056$2,199$451
45 years$20,676$12,172$6,864$3,745$1,997$392
46 years$19,997$11,612$6,447$3,460$1,813$341
47 years$19,350$11,081$6,057$3,196$1,646$296
48 years$18,732$10,578$5,692$2,954$1,495$258
49 years$18,140$10,102$5,350$2,730$1,358$224
50 years$17,574$9,650$5,030$2,523$1,233$195

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 $4,683 every year, while hoping to spend $26,548 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: 35/48/17 Blend
53$18,000,000$18,000,000$18,000,000$18,000,000
54$19,840,831$18,886,831$18,607,831$20,431,494
55$21,836,348$19,784,038$19,202,946$21,759,634
56$24,034,519$20,724,320$19,817,108$23,188,882
57$26,455,986$21,709,757$20,450,927$24,730,447
58$29,123,495$22,742,534$21,105,032$26,394,314
59$32,062,114$23,824,940$21,780,072$28,191,417
60$35,299,465$24,959,377$22,476,720$30,133,738
61$38,865,986$26,148,363$23,195,666$32,234,406
62$42,795,221$27,394,537$23,937,625$34,507,813
63$47,124,132$28,700,668$24,703,334$36,969,740
64$51,893,452$30,069,659$25,493,554$39,637,493
65$57,148,066$31,504,554$26,309,070$42,530,055
66$62,937,437$33,008,546$27,150,693$45,668,253
67$69,316,073$34,584,982$28,019,258$49,074,944
68$76,344,039$36,237,373$28,915,630$52,775,214
69$84,087,526$37,969,398$29,840,698$56,796,602
70$92,619,475$39,784,920$30,795,383$61,169,349
71$102,020,265$41,687,985$31,780,632$65,926,661
72$112,378,475$43,682,840$32,797,426$71,105,012
73$123,791,715$45,773,934$33,846,775$76,744,469
74$136,367,550$47,965,937$34,929,723$82,889,056
75$150,224,517$50,263,744$36,047,345$89,587,144
76$165,493,239$52,672,490$37,200,753$96,891,897
77$182,317,665$55,197,557$38,391,093$104,861,748
78$200,856,421$57,844,592$39,619,550$113,560,929
79$221,284,315$60,619,516$40,887,343$123,060,061
80$243,793,982$63,528,538$42,195,736$133,436,790
81$268,597,702$66,578,171$43,546,027$144,776,500
82$295,929,408$69,775,242$44,939,560$157,173,095
83$326,046,894$73,126,915$46,377,720$170,729,854
84$359,234,242$76,640,699$47,861,939$185,560,382
85$395,804,512$80,324,471$49,393,692$201,789,652
86$436,102,694$84,186,491$50,974,502$219,555,152
87$480,508,964$88,235,424$52,605,943$239,008,156
88$529,442,272$92,480,354$54,289,636$260,315,113
89$583,364,302$96,930,809$56,027,257$283,659,185
90$642,783,825$101,596,783$57,820,534$309,241,941
91$708,261,504$106,488,755$59,671,251$337,285,221
92$780,415,190$111,617,716$61,581,250$368,033,185
93$859,925,748$116,995,193$63,552,431$401,754,583
94$947,543,491$122,633,275$65,586,755$438,745,242
95$1,044,095,262$128,544,640$67,686,246$479,330,815
96$1,150,492,238$134,742,586$69,852,993$523,869,804
97$1,267,738,531$141,241,057$72,089,154$572,756,898
98$1,396,940,673$148,054,681$74,396,952$626,426,641
99$1,539,318,057$155,198,796$76,778,685$685,357,480
100$1,696,214,451$162,689,489$79,236,724$750,076,225