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

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,419,386
2 years$748,117$734,184$720,681$707,589$694,889$655,000
3 years$493,791$479,798$466,328$453,359$440,866$402,219
4 years$366,652$352,702$339,368$326,620$314,430$277,321
5 years$290,389$276,523$263,363$250,875$239,024$203,556
6 years$239,564$225,802$212,837$200,627$189,132$155,337
7 years$203,274$189,628$176,868$164,946$153,815$121,696
8 years$176,069$162,546$149,998$138,369$127,604$97,144
9 years$154,921$141,526$129,193$117,860$107,461$78,631
10 years$138,012$124,748$112,634$101,597$91,562$64,325
11 years$124,187$111,056$99,161$88,419$78,747$53,060
12 years$112,674$99,678$88,003$77,556$68,240$44,055
13 years$102,940$90,079$78,625$68,470$59,507$36,773
14 years$94,604$81,880$70,645$60,780$52,163$30,826
15 years$87,386$74,799$63,783$54,205$45,929$25,932
16 years$81,076$68,626$57,828$48,535$40,592$21,879
17 years$75,514$63,202$52,621$43,608$35,992$18,504
18 years$70,576$58,402$48,037$39,300$32,002$15,681
19 years$66,163$54,126$43,975$35,511$28,524$13,311
20 years$62,196$50,297$40,358$32,162$25,478$11,315
21 years$58,611$46,849$37,122$29,189$22,800$9,630
22 years$55,357$43,732$34,214$26,539$20,437$8,204
23 years$52,390$40,902$31,590$24,170$18,346$6,996
24 years$49,675$38,322$29,216$22,044$16,489$5,969
25 years$47,180$35,964$27,059$20,132$14,838$5,097
26 years$44,881$33,800$25,096$18,408$13,365$4,354
27 years$42,756$31,810$23,304$16,849$12,050$3,721
28 years$40,787$29,974$21,664$15,437$10,873$3,181
29 years$38,956$28,277$20,160$14,156$9,818$2,721
30 years$37,251$26,705$18,779$12,992$8,871$2,328
31 years$35,659$25,245$17,507$11,932$8,020$1,992
32 years$34,169$23,887$16,334$10,966$7,255$1,705
33 years$32,773$22,621$15,251$10,084$6,566$1,459
34 years$31,461$21,440$14,250$9,278$5,945$1,249
35 years$30,227$20,335$13,323$8,541$5,384$1,070
36 years$29,065$19,301$12,463$7,866$4,878$916
37 years$27,967$18,332$11,665$7,248$4,421$785
38 years$26,930$17,422$10,924$6,680$4,008$672
39 years$25,949$16,566$10,235$6,160$3,635$576
40 years$25,019$15,761$9,593$5,681$3,297$493
41 years$24,137$15,003$8,995$5,242$2,991$422
42 years$23,299$14,289$8,438$4,838$2,714$362
43 years$22,502$13,614$7,918$4,466$2,463$310
44 years$21,743$12,977$7,432$4,123$2,236$266
45 years$21,020$12,375$6,978$3,808$2,030$228
46 years$20,331$11,805$6,554$3,517$1,843$195
47 years$19,673$11,266$6,158$3,250$1,674$167
48 years$19,044$10,755$5,786$3,003$1,520$143
49 years$18,443$10,270$5,439$2,775$1,380$123
50 years$17,867$9,810$5,113$2,565$1,254$105

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 $6,844 every year, while hoping to spend $57,822 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: 56/15/29 Blend
53$18,300,000$18,300,000$18,300,000$18,300,000
54$20,173,660$19,203,760$18,920,110$21,141,397
55$22,169,851$20,083,222$19,492,411$22,688,285
56$24,367,715$21,003,839$20,081,947$24,366,327
57$26,787,763$21,967,568$20,689,233$26,193,591
58$29,452,594$22,976,458$21,314,801$28,184,505
59$32,387,111$24,032,657$21,959,199$30,354,940
60$35,618,754$25,138,415$22,622,990$32,722,354
61$39,177,762$26,296,092$23,306,756$35,305,952
62$43,097,455$27,508,162$24,011,093$38,126,866
63$47,414,548$28,777,215$24,736,617$41,208,345
64$52,169,501$30,105,967$25,483,963$44,575,976
65$57,406,897$31,497,267$26,253,783$48,257,916
66$63,175,866$32,954,098$27,046,750$52,285,154
67$69,530,543$34,479,588$27,863,555$56,691,799
68$76,530,585$36,077,015$28,704,911$61,515,396
69$84,241,732$37,749,815$29,571,552$66,797,274
70$92,736,424$39,501,591$30,464,235$72,582,933
71$102,094,488$41,336,119$31,383,736$78,922,462
72$112,403,892$43,257,355$32,330,857$85,871,010
73$123,761,572$45,269,448$33,306,424$93,489,300
74$136,274,349$47,376,747$34,311,285$101,844,191
75$150,059,935$49,583,810$35,346,315$111,009,307
76$165,248,047$51,895,416$36,412,416$121,065,720
77$181,981,630$54,316,573$37,510,514$132,102,710
78$200,418,204$56,852,533$38,641,564$144,218,599
79$220,731,354$59,508,800$39,806,550$157,521,671
80$243,112,366$62,291,145$41,006,483$172,131,183
81$267,772,033$65,205,617$42,242,405$188,178,486
82$294,942,645$68,258,557$43,515,391$205,808,249
83$324,880,183$71,456,614$44,826,544$225,179,821
84$357,866,731$74,806,758$46,177,003$246,468,720
85$394,213,144$78,316,295$47,567,939$269,868,281
86$434,261,976$81,992,885$49,000,556$295,591,470
87$478,390,721$85,844,560$50,476,098$323,872,880
88$527,015,370$89,879,738$51,995,843$354,970,937
89$580,594,340$94,107,248$53,561,106$389,170,322
90$639,632,802$98,536,342$55,173,242$426,784,650
91$704,687,448$103,176,724$56,833,647$468,159,411
92$776,371,751$108,038,566$58,543,756$513,675,223
93$855,361,746$113,132,533$60,305,049$563,751,404
94$942,402,424$118,469,807$62,119,048$618,849,917
95$1,038,314,755$124,062,111$63,987,320$679,479,715
96$1,144,003,443$129,921,737$65,911,478$746,201,526
97$1,260,465,466$136,061,574$67,893,184$819,633,133
98$1,388,799,485$142,495,133$69,934,148$900,455,180
99$1,530,216,221$149,236,583$72,036,130$989,417,584
100$1,686,049,878$156,300,778$74,200,943$1,087,346,591