Can I retire at age 54 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,423,155
2 years$744,029$730,172$716,743$703,722$691,092$662,858
3 years$491,092$477,176$463,780$450,882$438,457$411,007
4 years$364,649$350,775$337,513$324,835$312,711$286,256
5 years$288,802$275,012$261,924$249,504$237,718$212,334
6 years$238,255$224,568$211,674$199,531$188,098$163,813
7 years$202,163$188,592$175,902$164,045$152,974$129,793
8 years$175,107$161,658$149,179$137,613$126,907$104,824
9 years$154,074$140,752$128,487$117,216$106,874$85,875
10 years$137,258$124,066$112,018$101,041$91,062$71,127
11 years$123,508$110,449$98,619$87,936$78,316$59,423
12 years$112,059$99,133$87,522$77,132$67,867$49,987
13 years$102,378$89,587$78,195$68,096$59,182$42,286
14 years$94,087$81,432$70,259$60,448$51,878$35,936
15 years$86,908$74,390$63,434$53,909$45,678$30,655
16 years$80,633$68,251$57,512$48,270$40,370$26,234
17 years$75,102$62,857$52,334$43,370$35,795$22,510
18 years$70,190$58,083$47,774$39,085$31,827$19,358
19 years$65,801$53,830$43,735$35,317$28,368$16,679
20 years$61,856$50,022$40,138$31,986$25,339$14,395
21 years$58,291$46,593$36,919$29,029$22,676$12,440
22 years$55,055$43,493$34,027$26,394$20,325$10,764
23 years$52,104$40,678$31,417$24,038$18,245$9,323
24 years$49,403$38,113$29,056$21,924$16,399$8,082
25 years$46,922$35,767$26,912$20,022$14,757$7,011
26 years$44,636$33,615$24,959$18,307$13,292$6,087
27 years$42,523$31,636$23,177$16,757$11,984$5,287
28 years$40,564$29,810$21,546$15,353$10,814$4,594
29 years$38,743$28,123$20,050$14,079$9,764$3,994
30 years$37,047$26,559$18,676$12,921$8,823$3,474
31 years$35,464$25,107$17,411$11,867$7,977$3,022
32 years$33,982$23,756$16,245$10,906$7,215$2,630
33 years$32,594$22,498$15,168$10,029$6,530$2,289
34 years$31,289$21,323$14,172$9,228$5,912$1,993
35 years$30,062$20,224$13,250$8,494$5,355$1,736
36 years$28,906$19,196$12,395$7,823$4,852$1,512
37 years$27,815$18,231$11,601$7,208$4,397$1,317
38 years$26,783$17,326$10,864$6,644$3,987$1,147
39 years$25,807$16,476$10,179$6,126$3,615$999
40 years$24,882$15,675$9,540$5,650$3,279$871
41 years$24,005$14,921$8,946$5,213$2,975$759
42 years$23,171$14,211$8,392$4,811$2,699$661
43 years$22,379$13,540$7,874$4,441$2,450$576
44 years$21,624$12,906$7,391$4,101$2,224$502
45 years$20,905$12,307$6,940$3,787$2,019$438
46 years$20,220$11,741$6,518$3,498$1,833$381
47 years$19,565$11,204$6,124$3,232$1,664$332
48 years$18,940$10,696$5,755$2,986$1,511$290
49 years$18,342$10,214$5,409$2,760$1,373$253
50 years$17,770$9,757$5,085$2,551$1,247$220

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $18,200,000, adding $6,068 every year, while hoping to spend $36,054 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: 43/45/12 Blend
53$18,200,000$18,200,000$18,200,000$18,200,000
54$20,062,659$19,098,059$18,815,959$20,855,248
55$22,070,689$19,995,503$19,407,933$22,306,948
56$24,282,330$20,935,713$20,018,529$23,874,593
57$26,718,312$21,920,747$20,648,334$25,572,088
58$29,401,478$22,952,762$21,297,951$27,411,351
59$32,357,001$24,034,019$21,968,004$29,405,456
60$35,612,619$25,166,890$22,659,137$31,568,745
61$39,198,899$26,353,861$23,372,011$33,916,958
62$43,149,524$27,597,538$24,107,311$36,467,373
63$47,501,612$28,900,653$24,865,742$39,238,954
64$52,296,064$30,266,073$25,648,032$42,252,527
65$57,577,952$31,696,800$26,454,931$45,530,962
66$63,396,945$33,195,986$27,287,213$49,099,375
67$69,807,777$34,766,932$28,145,678$52,985,362
68$76,870,759$36,413,101$29,031,147$57,219,240
69$84,652,358$38,138,124$29,944,472$61,834,322
70$93,225,814$39,945,807$30,886,527$66,867,221
71$102,671,838$41,840,143$31,858,217$72,358,179
72$113,079,372$43,825,317$32,860,474$78,351,433
73$124,546,428$45,905,717$33,894,259$84,895,618
74$137,181,011$48,085,945$34,960,564$92,044,209
75$151,102,143$50,370,825$36,060,413$99,856,010
76$166,440,984$52,765,418$37,194,859$108,395,692
77$183,342,069$55,275,028$38,364,991$117,734,384
78$201,964,674$57,905,219$39,571,932$127,950,325
79$222,484,319$60,661,822$40,816,840$139,129,584
80$245,094,424$63,550,956$42,100,909$151,366,852
81$270,008,135$66,579,033$43,425,369$164,766,310
82$297,460,339$69,752,780$44,791,493$179,442,595
83$327,709,876$73,079,248$46,200,591$195,521,851
84$361,041,986$76,565,834$47,654,013$213,142,902
85$397,771,001$80,220,292$49,153,155$232,458,532
86$438,243,311$84,050,755$50,699,454$253,636,897
87$482,840,637$88,065,750$52,294,393$276,863,089
88$531,983,630$92,274,219$53,939,503$302,340,850
89$586,135,845$96,685,541$55,636,362$330,294,463
90$645,808,118$101,309,549$57,386,597$360,970,836
91$711,563,385$106,156,556$59,191,886$394,641,798
92$784,021,998$111,237,375$61,053,962$431,606,630
93$863,867,583$116,563,348$62,974,611$472,194,850
94$951,853,491$122,146,366$64,955,675$516,769,282
95$1,048,809,911$127,998,902$66,999,055$565,729,444
96$1,155,651,708$134,134,034$69,106,709$619,515,271
97$1,273,387,059$140,565,479$71,280,660$678,611,222
98$1,403,126,970$147,307,618$73,522,993$743,550,808
99$1,546,095,766$154,375,537$75,835,859$814,921,576
100$1,703,642,650$161,785,054$78,221,476$893,370,599