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

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,450,110
2 years$752,205$738,196$724,619$711,455$698,687$681,443
3 years$496,489$482,419$468,877$455,836$443,275$426,455
4 years$368,656$354,629$341,222$328,404$316,148$299,880
5 years$291,976$278,034$264,802$252,246$240,331$224,663
6 years$240,873$227,035$214,000$201,723$190,165$175,117
7 years$204,385$190,664$177,835$165,848$154,655$140,233
8 years$177,031$163,434$150,818$139,126$128,302$114,503
9 years$155,768$142,299$129,899$118,504$108,048$94,869
10 years$138,767$125,430$113,249$102,152$92,063$79,493
11 years$124,866$111,663$99,703$88,903$79,177$67,207
12 years$113,290$100,222$88,484$77,980$68,613$57,229
13 years$103,503$90,572$79,054$68,844$59,832$49,020
14 years$95,121$82,327$71,031$61,112$52,448$42,193
15 years$87,863$75,207$64,131$54,501$46,180$36,464
16 years$81,519$69,001$58,144$48,800$40,814$31,622
17 years$75,927$63,548$52,909$43,846$36,188$27,502
18 years$70,962$58,721$48,299$39,514$32,177$23,978
19 years$66,524$54,422$44,216$35,705$28,680$20,950
20 years$62,536$50,571$40,579$32,337$25,617$18,338
21 years$58,932$47,105$37,325$29,348$22,925$16,077
22 years$55,660$43,971$34,400$26,684$20,549$14,114
23 years$52,677$41,125$31,763$24,302$18,446$12,405
24 years$49,946$38,532$29,375$22,165$16,580$10,915
25 years$47,438$36,160$27,207$20,242$14,919$9,612
26 years$45,127$33,985$25,233$18,508$13,439$8,471
27 years$42,990$31,984$23,431$16,941$12,116$7,471
28 years$41,010$30,138$21,783$15,522$10,932$6,593
29 years$39,169$28,432$20,270$14,234$9,872$5,822
30 years$37,454$26,851$18,881$13,063$8,920$5,143
31 years$35,854$25,383$17,602$11,997$8,064$4,545
32 years$34,356$24,017$16,423$11,026$7,295$4,018
33 years$32,952$22,745$15,335$10,139$6,602$3,553
34 years$31,633$21,557$14,328$9,329$5,977$3,143
35 years$30,392$20,446$13,395$8,588$5,414$2,781
36 years$29,223$19,407$12,531$7,909$4,905$2,462
37 years$28,120$18,432$11,729$7,287$4,446$2,179
38 years$27,078$17,517$10,984$6,717$4,030$1,929
39 years$26,091$16,657$10,290$6,193$3,655$1,708
40 years$25,156$15,848$9,645$5,712$3,315$1,513
41 years$24,269$15,085$9,044$5,270$3,008$1,340
42 years$23,426$14,367$8,484$4,864$2,729$1,187
43 years$22,625$13,689$7,961$4,490$2,477$1,051
44 years$21,862$13,048$7,473$4,146$2,248$932
45 years$21,135$12,443$7,017$3,829$2,041$825
46 years$20,442$11,870$6,590$3,537$1,853$731
47 years$19,780$11,327$6,191$3,267$1,683$648
48 years$19,148$10,813$5,818$3,019$1,528$574
49 years$18,543$10,326$5,469$2,790$1,388$509
50 years$17,965$9,864$5,141$2,579$1,261$451

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 $2,341 every year, while hoping to spend $38,439 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: 43/49/8 Blend
53$18,400,000$18,400,000$18,400,000$18,400,000
54$20,279,215$19,304,015$19,018,815$21,104,271
55$22,306,796$20,209,013$19,615,046$22,582,590
56$24,539,902$21,157,067$20,229,963$24,179,012
57$26,999,456$22,150,247$20,864,151$25,907,529
58$29,708,514$23,190,723$21,518,213$27,780,232
59$32,692,481$24,280,768$22,192,773$29,810,382
60$35,979,355$25,422,766$22,888,471$32,012,521
61$39,599,986$26,619,218$23,605,972$34,402,611
62$43,588,369$27,872,744$24,345,956$36,998,163
63$47,981,967$29,186,093$25,109,130$39,818,399
64$52,822,060$30,562,144$25,896,218$42,884,423
65$58,154,140$32,003,919$26,707,971$46,219,405
66$64,028,335$33,514,584$27,545,161$49,848,791
67$70,499,886$35,097,459$28,408,585$53,800,529
68$77,629,666$36,756,026$29,299,065$58,105,324
69$85,484,756$38,493,935$30,217,447$62,796,907
70$94,139,076$40,315,013$31,164,606$67,912,346
71$103,674,085$42,223,272$32,141,444$73,492,380
72$114,179,549$44,222,920$33,148,889$79,581,783
73$125,754,387$46,318,367$34,187,902$86,229,776
74$138,507,608$48,514,240$35,259,470$93,490,474
75$152,559,335$50,815,389$36,364,612$101,423,376
76$168,041,942$53,226,898$37,504,382$110,093,909
77$185,101,304$55,754,100$38,679,863$119,574,029
78$203,898,173$58,402,586$39,892,174$129,942,875
79$224,609,692$61,178,219$41,142,468$141,287,498
80$247,431,075$64,087,146$42,431,935$153,703,661
81$272,577,442$67,135,813$43,761,801$167,296,714
82$300,285,852$70,330,979$45,133,333$182,182,571
83$330,817,544$73,679,732$46,547,834$198,488,772
84$364,460,398$77,189,504$48,006,652$216,355,664
85$401,531,657$80,868,087$49,511,172$235,937,696
86$442,380,917$84,723,655$51,062,828$257,404,848
87$487,393,432$88,764,776$52,663,095$280,944,203
88$536,993,749$93,000,436$54,313,494$306,761,681
89$591,649,712$97,440,058$56,015,597$335,083,949
90$651,876,885$102,093,524$57,771,023$366,160,525
91$718,243,416$106,971,195$59,581,440$400,266,095
92$791,375,398$112,083,937$61,448,572$437,703,069
93$871,962,784$117,443,145$63,374,194$478,804,391
94$960,765,896$123,060,768$65,360,138$523,936,641
95$1,058,622,608$128,949,336$67,408,293$573,503,451
96$1,166,456,249$135,121,989$69,520,607$627,949,266
97$1,285,284,328$141,592,507$71,699,088$687,763,492
98$1,416,228,131$148,375,341$73,945,809$753,485,060
99$1,560,523,313$155,485,646$76,262,906$825,707,465
100$1,719,531,561$162,939,313$78,652,584$905,084,307