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%14.9%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,437,617
2 years$752,205$738,196$724,619$711,455$698,687$668,970
3 years$496,489$482,419$468,877$455,836$443,275$414,394
4 years$368,656$354,629$341,222$328,404$316,148$288,324
5 years$291,976$278,034$264,802$252,246$240,331$213,644
6 years$240,873$227,035$214,000$201,723$190,165$164,644
7 years$204,385$190,664$177,835$165,848$154,655$130,305
8 years$177,031$163,434$150,818$139,126$128,302$105,115
9 years$155,768$142,299$129,899$118,504$108,048$86,011
10 years$138,767$125,430$113,249$102,152$92,063$71,152
11 years$124,866$111,663$99,703$88,903$79,177$59,368
12 years$113,290$100,222$88,484$77,980$68,613$49,877
13 years$103,503$90,572$79,054$68,844$59,832$42,137
14 years$95,121$82,327$71,031$61,112$52,448$35,760
15 years$87,863$75,207$64,131$54,501$46,180$30,463
16 years$81,519$69,001$58,144$48,800$40,814$26,033
17 years$75,927$63,548$52,909$43,846$36,188$22,305
18 years$70,962$58,721$48,299$39,514$32,177$19,154
19 years$66,524$54,422$44,216$35,705$28,680$16,479
20 years$62,536$50,571$40,579$32,337$25,617$14,201
21 years$58,932$47,105$37,325$29,348$22,925$12,254
22 years$55,660$43,971$34,400$26,684$20,549$10,586
23 years$52,677$41,125$31,763$24,302$18,446$9,155
24 years$49,946$38,532$29,375$22,165$16,580$7,924
25 years$47,438$36,160$27,207$20,242$14,919$6,863
26 years$45,127$33,985$25,233$18,508$13,439$5,948
27 years$42,990$31,984$23,431$16,941$12,116$5,159
28 years$41,010$30,138$21,783$15,522$10,932$4,476
29 years$39,169$28,432$20,270$14,234$9,872$3,885
30 years$37,454$26,851$18,881$13,063$8,920$3,373
31 years$35,854$25,383$17,602$11,997$8,064$2,930
32 years$34,356$24,017$16,423$11,026$7,295$2,545
33 years$32,952$22,745$15,335$10,139$6,602$2,212
34 years$31,633$21,557$14,328$9,329$5,977$1,922
35 years$30,392$20,446$13,395$8,588$5,414$1,671
36 years$29,223$19,407$12,531$7,909$4,905$1,453
37 years$28,120$18,432$11,729$7,287$4,446$1,263
38 years$27,078$17,517$10,984$6,717$4,030$1,099
39 years$26,091$16,657$10,290$6,193$3,655$956
40 years$25,156$15,848$9,645$5,712$3,315$831
41 years$24,269$15,085$9,044$5,270$3,008$723
42 years$23,426$14,367$8,484$4,864$2,729$629
43 years$22,625$13,689$7,961$4,490$2,477$547
44 years$21,862$13,048$7,473$4,146$2,248$476
45 years$21,135$12,443$7,017$3,829$2,041$414
46 years$20,442$11,870$6,590$3,537$1,853$360
47 years$19,780$11,327$6,191$3,267$1,683$314
48 years$19,148$10,813$5,818$3,019$1,528$273
49 years$18,543$10,326$5,469$2,790$1,388$237
50 years$17,965$9,864$5,141$2,579$1,261$207

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 $5,034 every year, while hoping to spend $41,574 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: 72/8/20 Blend
53$18,400,000$18,400,000$18,400,000$18,400,000
54$20,281,993$19,306,793$19,021,593$21,644,097
55$22,306,521$20,208,591$19,614,582$23,452,844
56$24,536,159$21,153,184$20,226,042$25,427,703
57$26,991,782$22,142,625$20,856,550$27,589,574
58$29,696,396$23,179,066$21,506,696$29,957,011
59$32,675,352$24,264,763$22,177,094$32,550,445
60$35,956,583$25,402,083$22,868,372$35,392,369
61$39,570,873$26,593,503$23,581,181$38,507,549
62$43,552,142$27,841,625$24,316,191$41,923,258
63$47,937,770$29,149,174$25,074,092$45,669,523
64$52,768,946$30,519,006$25,855,598$49,779,415
65$58,091,059$31,954,119$26,661,441$54,289,350
66$63,954,129$33,457,652$27,492,381$59,239,435
67$70,413,271$35,032,898$28,349,197$64,673,841
68$77,529,224$36,683,310$29,232,695$70,641,214
69$85,368,920$38,412,506$30,143,704$77,195,137
70$94,006,113$40,224,283$31,083,082$84,394,626
71$103,522,081$42,122,617$32,051,710$92,304,686
72$114,006,389$44,111,681$33,050,498$100,996,919
73$125,557,736$46,195,849$34,080,385$110,550,199
74$138,284,885$48,379,705$35,142,338$121,051,408
75$152,307,692$50,668,059$36,237,354$132,596,254
76$167,758,234$53,065,952$37,366,463$145,290,167
77$184,782,058$55,578,668$38,530,724$159,249,295
78$203,539,556$58,211,751$39,731,232$174,601,590
79$224,207,476$60,971,011$40,969,112$191,488,010
80$246,980,590$63,862,542$42,245,529$210,063,848
81$272,073,536$66,892,733$43,561,680$230,500,192
82$299,722,841$70,068,281$44,918,801$252,985,528
83$330,189,157$73,396,213$46,318,167$277,727,521
84$363,759,716$76,883,893$47,761,091$304,954,963
85$400,751,047$80,539,044$49,248,928$334,919,929
86$441,511,961$84,369,764$50,783,074$367,900,148
87$486,426,844$88,384,545$52,364,970$404,201,617
88$535,919,286$92,592,292$53,996,100$444,161,485
89$590,456,080$97,002,340$55,677,996$488,151,223
90$650,551,626$101,624,482$57,412,235$536,580,127
91$716,772,793$106,468,982$59,200,446$589,899,170
92$789,744,263$111,546,607$61,044,306$648,605,251
93$870,154,433$116,868,647$62,945,546$713,245,878
94$958,761,913$122,446,938$64,905,949$784,424,323
95$1,056,402,685$128,293,895$66,927,355$862,805,311
96$1,163,997,998$134,422,535$69,011,661$949,121,283
97$1,282,563,064$140,846,509$71,160,822$1,044,179,298
98$1,413,216,640$147,580,132$73,376,853$1,148,868,641
99$1,557,191,594$154,638,415$75,661,834$1,264,169,210
100$1,715,846,539$162,037,099$78,017,908$1,391,160,746