Can I retire at age 54 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,434,102
2 years$752,205$738,196$724,619$711,455$698,687$665,477
3 years$496,489$482,419$468,877$455,836$443,275$411,032
4 years$368,656$354,629$341,222$328,404$316,148$285,120
5 years$291,976$278,034$264,802$252,246$240,331$210,605
6 years$240,873$227,035$214,000$201,723$190,165$161,773
7 years$204,385$190,664$177,835$165,848$154,655$127,601
8 years$177,031$163,434$150,818$139,126$128,302$102,575
9 years$155,768$142,299$129,899$118,504$108,048$83,631
10 years$138,767$125,430$113,249$102,152$92,063$68,927
11 years$124,866$111,663$99,703$88,903$79,177$57,293
12 years$113,290$100,222$88,484$77,980$68,613$47,946
13 years$103,503$90,572$79,054$68,844$59,832$40,344
14 years$95,121$82,327$71,031$61,112$52,448$34,099
15 years$87,863$75,207$64,131$54,501$46,180$28,928
16 years$81,519$69,001$58,144$48,800$40,814$24,616
17 years$75,927$63,548$52,909$43,846$36,188$21,000
18 years$70,962$58,721$48,299$39,514$32,177$17,954
19 years$66,524$54,422$44,216$35,705$28,680$15,378
20 years$62,536$50,571$40,579$32,337$25,617$13,192
21 years$58,932$47,105$37,325$29,348$22,925$11,331
22 years$55,660$43,971$34,400$26,684$20,549$9,744
23 years$52,677$41,125$31,763$24,302$18,446$8,387
24 years$49,946$38,532$29,375$22,165$16,580$7,225
25 years$47,438$36,160$27,207$20,242$14,919$6,228
26 years$45,127$33,985$25,233$18,508$13,439$5,372
27 years$42,990$31,984$23,431$16,941$12,116$4,636
28 years$41,010$30,138$21,783$15,522$10,932$4,003
29 years$39,169$28,432$20,270$14,234$9,872$3,457
30 years$37,454$26,851$18,881$13,063$8,920$2,987
31 years$35,854$25,383$17,602$11,997$8,064$2,582
32 years$34,356$24,017$16,423$11,026$7,295$2,232
33 years$32,952$22,745$15,335$10,139$6,602$1,930
34 years$31,633$21,557$14,328$9,329$5,977$1,669
35 years$30,392$20,446$13,395$8,588$5,414$1,443
36 years$29,223$19,407$12,531$7,909$4,905$1,249
37 years$28,120$18,432$11,729$7,287$4,446$1,080
38 years$27,078$17,517$10,984$6,717$4,030$935
39 years$26,091$16,657$10,290$6,193$3,655$809
40 years$25,156$15,848$9,645$5,712$3,315$700
41 years$24,269$15,085$9,044$5,270$3,008$606
42 years$23,426$14,367$8,484$4,864$2,729$524
43 years$22,625$13,689$7,961$4,490$2,477$454
44 years$21,862$13,048$7,473$4,146$2,248$393
45 years$21,135$12,443$7,017$3,829$2,041$340
46 years$20,442$11,870$6,590$3,537$1,853$294
47 years$19,780$11,327$6,191$3,267$1,683$255
48 years$19,148$10,813$5,818$3,019$1,528$220
49 years$18,543$10,326$5,469$2,790$1,388$191
50 years$17,965$9,864$5,141$2,579$1,261$165

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $18,400,000, adding $2,419 every year, while hoping to spend $33,731 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: 69/24/7 Blend
53$18,400,000$18,400,000$18,400,000$18,400,000
54$20,279,295$19,304,095$19,018,895$21,655,681
55$22,311,894$20,214,106$19,620,139$23,477,072
56$24,550,687$21,167,578$20,240,393$25,464,420
57$27,016,671$22,166,603$20,880,260$27,637,409
58$29,732,982$23,213,377$21,540,360$30,014,230
59$32,725,117$24,310,203$22,221,332$32,614,896
60$36,021,169$25,459,493$22,923,837$35,461,424
61$39,652,098$26,663,778$23,648,556$38,578,042
62$43,652,021$27,925,712$24,396,191$41,991,411
63$48,058,531$29,248,076$25,167,467$45,730,868
64$52,913,056$30,633,787$25,963,132$49,828,703
65$58,261,248$32,085,903$26,783,958$54,320,455
66$64,153,414$33,607,631$27,630,739$59,245,241
67$70,644,991$35,202,333$28,504,298$64,646,120
68$77,797,069$36,873,536$29,405,480$70,570,494
69$85,676,966$38,624,936$30,335,160$77,070,543
70$94,358,868$40,460,409$31,294,239$84,203,719
71$103,924,524$42,384,020$32,283,648$92,033,271
72$114,464,019$44,400,031$33,304,344$100,628,843
73$126,076,628$46,512,912$34,357,318$110,067,116
74$138,871,747$48,727,348$35,443,592$120,432,529
75$152,969,931$51,048,253$36,564,217$131,818,061
76$168,504,027$53,480,780$37,720,282$144,326,103
77$185,620,432$56,030,333$38,912,906$158,069,414
78$204,480,474$58,702,578$40,143,246$173,172,175
79$225,261,934$61,503,455$41,412,496$189,771,149
80$248,160,722$64,439,195$42,721,886$208,016,960
81$273,392,732$67,516,332$44,072,685$228,075,507
82$301,195,875$70,741,717$45,466,204$250,129,512
83$331,832,327$74,122,533$46,903,795$274,380,234
84$365,591,002$77,666,316$48,386,850$301,049,358
85$402,790,284$81,380,964$49,916,809$330,381,067
86$443,781,026$85,274,764$51,495,155$362,644,338
87$488,949,866$89,356,404$53,123,418$398,135,461
88$538,722,878$93,634,994$54,803,179$437,180,822
89$593,569,592$98,120,088$56,536,065$480,139,965
90$654,007,425$102,821,708$58,323,758$527,408,969
91$720,606,570$107,750,359$60,167,992$579,424,168
92$793,995,375$112,917,061$62,070,554$636,666,249
93$874,866,277$118,333,370$64,033,291$699,664,770
94$963,982,336$124,011,405$66,058,106$769,003,137
95$1,062,184,444$129,963,873$68,146,962$845,324,088
96$1,170,399,259$136,204,104$70,301,886$929,335,738
97$1,289,647,952$142,746,075$72,524,969$1,021,818,235
98$1,421,055,854$149,604,442$74,818,365$1,123,631,105
99$1,565,863,071$156,794,580$77,184,301$1,235,721,332
100$1,725,436,199$164,332,610$79,625,070$1,359,132,273