Can I retire at age 54 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,409,174
2 years$748,117$734,184$720,681$707,589$694,889$644,931
3 years$493,791$479,798$466,328$453,359$440,866$392,612
4 years$366,652$352,702$339,368$326,620$314,430$268,249
5 years$290,389$276,523$263,363$250,875$239,024$195,039
6 years$239,564$225,802$212,837$200,627$189,132$147,377
7 years$203,274$189,628$176,868$164,946$153,815$114,282
8 years$176,069$162,546$149,998$138,369$127,604$90,263
9 years$154,921$141,526$129,193$117,860$107,461$72,265
10 years$138,012$124,748$112,634$101,597$91,562$58,454
11 years$124,187$111,056$99,161$88,419$78,747$47,660
12 years$112,674$99,678$88,003$77,556$68,240$39,103
13 years$102,940$90,079$78,625$68,470$59,507$32,243
14 years$94,604$81,880$70,645$60,780$52,163$26,694
15 years$87,386$74,799$63,783$54,205$45,929$22,172
16 years$81,076$68,626$57,828$48,535$40,592$18,466
17 years$75,514$63,202$52,621$43,608$35,992$15,412
18 years$70,576$58,402$48,037$39,300$32,002$12,887
19 years$66,163$54,126$43,975$35,511$28,524$10,792
20 years$62,196$50,297$40,358$32,162$25,478$9,049
21 years$58,611$46,849$37,122$29,189$22,800$7,595
22 years$55,357$43,732$34,214$26,539$20,437$6,380
23 years$52,390$40,902$31,590$24,170$18,346$5,364
24 years$49,675$38,322$29,216$22,044$16,489$4,512
25 years$47,180$35,964$27,059$20,132$14,838$3,797
26 years$44,881$33,800$25,096$18,408$13,365$3,197
27 years$42,756$31,810$23,304$16,849$12,050$2,693
28 years$40,787$29,974$21,664$15,437$10,873$2,269
29 years$38,956$28,277$20,160$14,156$9,818$1,912
30 years$37,251$26,705$18,779$12,992$8,871$1,612
31 years$35,659$25,245$17,507$11,932$8,020$1,359
32 years$34,169$23,887$16,334$10,966$7,255$1,146
33 years$32,773$22,621$15,251$10,084$6,566$966
34 years$31,461$21,440$14,250$9,278$5,945$815
35 years$30,227$20,335$13,323$8,541$5,384$687
36 years$29,065$19,301$12,463$7,866$4,878$580
37 years$27,967$18,332$11,665$7,248$4,421$489
38 years$26,930$17,422$10,924$6,680$4,008$413
39 years$25,949$16,566$10,235$6,160$3,635$348
40 years$25,019$15,761$9,593$5,681$3,297$294
41 years$24,137$15,003$8,995$5,242$2,991$248
42 years$23,299$14,289$8,438$4,838$2,714$209
43 years$22,502$13,614$7,918$4,466$2,463$176
44 years$21,743$12,977$7,432$4,123$2,236$149
45 years$21,020$12,375$6,978$3,808$2,030$126
46 years$20,331$11,805$6,554$3,517$1,843$106
47 years$19,673$11,266$6,158$3,250$1,674$89
48 years$19,044$10,755$5,786$3,003$1,520$75
49 years$18,443$10,270$5,439$2,775$1,380$64
50 years$17,867$9,810$5,113$2,565$1,254$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $18,300,000, adding $3,405 every year, while hoping to spend $27,979 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: 67/7/26 Blend
53$18,300,000$18,300,000$18,300,000$18,300,000
54$20,170,112$19,200,212$18,916,562$21,385,059
55$22,197,694$20,111,253$19,520,498$23,113,964
56$24,431,152$21,065,997$20,143,727$25,000,665
57$26,891,455$22,066,557$20,786,868$27,063,572
58$29,601,711$23,115,146$21,450,555$29,320,081
59$32,587,384$24,214,087$22,135,448$31,789,338
60$35,876,535$25,365,814$22,842,222$34,492,423
61$39,500,083$26,572,881$23,571,579$37,452,543
62$43,492,104$27,837,965$24,324,239$40,695,245
63$47,890,146$29,163,872$25,100,948$44,248,660
64$52,735,586$30,553,547$25,902,476$48,143,761
65$58,074,022$32,010,077$26,729,615$52,414,655
66$63,955,700$33,536,698$27,583,184$57,098,898
67$70,435,989$35,136,805$28,464,029$62,237,849
68$77,575,908$36,813,956$29,373,021$67,877,055
69$85,442,695$38,571,884$30,311,062$74,066,676
70$94,110,446$40,414,503$31,279,079$80,861,960
71$103,660,815$42,345,917$32,278,031$88,323,752
72$114,183,781$44,370,430$33,308,909$96,519,070
73$125,778,501$46,492,555$34,372,732$105,521,731
74$138,554,244$48,717,026$35,470,554$115,413,043
75$152,631,422$51,048,806$36,603,462$126,282,569
76$168,142,729$53,493,099$37,772,580$138,228,966
77$185,234,390$56,055,363$38,979,064$151,360,909
78$204,067,546$58,741,324$40,224,111$165,798,117
79$224,819,769$61,556,983$41,508,952$181,672,472
80$247,686,746$64,508,635$42,834,862$199,129,259
81$272,884,117$67,602,882$44,203,154$218,328,534
82$300,649,521$70,846,646$45,615,183$239,446,628
83$331,244,829$74,247,189$47,072,349$262,677,799
84$364,958,624$77,812,124$48,576,095$288,236,067
85$402,108,921$81,549,435$50,127,911$316,357,222
86$443,046,171$85,467,497$51,729,336$347,301,044
87$488,156,567$89,575,091$53,381,956$381,353,747
88$537,865,694$93,881,428$55,087,408$418,830,674
89$592,642,542$98,396,165$56,847,384$460,079,263
90$653,003,937$103,129,433$58,663,627$505,482,318
91$719,519,418$108,091,855$60,537,938$555,461,619
92$792,816,614$113,294,571$62,472,174$610,481,885
93$873,587,170$118,749,266$64,468,253$671,055,159
94$962,593,275$124,468,194$66,528,153$737,745,629
95$1,060,674,859$130,464,206$68,653,917$811,174,940
96$1,168,757,523$136,750,780$70,847,651$892,028,056
97$1,287,861,274$143,342,052$73,111,531$981,059,713
98$1,419,110,158$150,252,847$75,447,801$1,079,101,531
99$1,563,742,870$157,498,712$77,858,778$1,187,069,851
100$1,723,124,448$165,095,954$80,346,853$1,305,974,377