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%13.3%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,447,108
2 years$752,205$738,196$724,619$711,455$698,687$678,438
3 years$496,489$482,419$468,877$455,836$443,275$423,541
4 years$368,656$354,629$341,222$328,404$316,148$297,080
5 years$291,976$278,034$264,802$252,246$240,331$221,984
6 years$240,873$227,035$214,000$201,723$190,165$172,563
7 years$204,385$190,664$177,835$165,848$154,655$137,802
8 years$177,031$163,434$150,818$139,126$128,302$112,196
9 years$155,768$142,299$129,899$118,504$108,048$92,684
10 years$138,767$125,430$113,249$102,152$92,063$77,427
11 years$124,866$111,663$99,703$88,903$79,177$65,256
12 years$113,290$100,222$88,484$77,980$68,613$55,391
13 years$103,503$90,572$79,054$68,844$59,832$47,291
14 years$95,121$82,327$71,031$61,112$52,448$40,570
15 years$87,863$75,207$64,131$54,501$46,180$34,943
16 years$81,519$69,001$58,144$48,800$40,814$30,197
17 years$75,927$63,548$52,909$43,846$36,188$26,171
18 years$70,962$58,721$48,299$39,514$32,177$22,736
19 years$66,524$54,422$44,216$35,705$28,680$19,792
20 years$62,536$50,571$40,579$32,337$25,617$17,261
21 years$58,932$47,105$37,325$29,348$22,925$15,076
22 years$55,660$43,971$34,400$26,684$20,549$13,185
23 years$52,677$41,125$31,763$24,302$18,446$11,544
24 years$49,946$38,532$29,375$22,165$16,580$10,118
25 years$47,438$36,160$27,207$20,242$14,919$8,875
26 years$45,127$33,985$25,233$18,508$13,439$7,791
27 years$42,990$31,984$23,431$16,941$12,116$6,844
28 years$41,010$30,138$21,783$15,522$10,932$6,016
29 years$39,169$28,432$20,270$14,234$9,872$5,290
30 years$37,454$26,851$18,881$13,063$8,920$4,654
31 years$35,854$25,383$17,602$11,997$8,064$4,096
32 years$34,356$24,017$16,423$11,026$7,295$3,606
33 years$32,952$22,745$15,335$10,139$6,602$3,176
34 years$31,633$21,557$14,328$9,329$5,977$2,798
35 years$30,392$20,446$13,395$8,588$5,414$2,465
36 years$29,223$19,407$12,531$7,909$4,905$2,172
37 years$28,120$18,432$11,729$7,287$4,446$1,915
38 years$27,078$17,517$10,984$6,717$4,030$1,688
39 years$26,091$16,657$10,290$6,193$3,655$1,488
40 years$25,156$15,848$9,645$5,712$3,315$1,313
41 years$24,269$15,085$9,044$5,270$3,008$1,158
42 years$23,426$14,367$8,484$4,864$2,729$1,021
43 years$22,625$13,689$7,961$4,490$2,477$901
44 years$21,862$13,048$7,473$4,146$2,248$794
45 years$21,135$12,443$7,017$3,829$2,041$701
46 years$20,442$11,870$6,590$3,537$1,853$618
47 years$19,780$11,327$6,191$3,267$1,683$545
48 years$19,148$10,813$5,818$3,019$1,528$481
49 years$18,543$10,326$5,469$2,790$1,388$425
50 years$17,965$9,864$5,141$2,579$1,261$375

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 $2,208 every year, while hoping to spend $30,042 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: 71/20/9 Blend
53$18,400,000$18,400,000$18,400,000$18,400,000
54$20,279,078$19,303,878$19,018,678$21,685,538
55$22,315,579$20,217,803$19,623,839$23,529,886
56$24,558,797$21,175,504$20,248,266$25,544,117
57$27,029,784$22,179,094$20,892,573$27,748,039
58$29,751,741$23,230,788$21,557,393$30,160,327
59$32,750,232$24,332,911$22,243,379$32,801,533
60$36,053,430$25,487,897$22,951,206$35,694,273
61$39,692,377$26,698,302$23,681,570$38,863,437
62$43,701,285$27,966,804$24,435,188$42,336,419
63$48,117,850$29,296,212$25,212,801$46,143,374
64$52,983,615$30,689,470$26,015,173$50,317,494
65$58,344,356$32,149,667$26,843,094$54,895,317
66$64,250,521$33,680,040$27,697,378$59,917,068
67$70,757,697$35,283,985$28,578,863$65,427,033
68$77,927,145$36,965,063$29,488,418$71,473,970
69$85,826,369$38,727,007$30,426,936$78,111,561
70$94,529,761$40,573,732$31,395,339$85,398,920
71$104,119,294$42,509,343$32,394,581$93,401,135
72$114,685,306$44,538,145$33,425,644$102,189,883
73$126,327,346$46,664,653$34,489,542$111,844,092
74$139,155,114$48,893,599$35,587,320$122,450,687
75$153,289,499$51,229,949$36,720,059$134,105,396
76$168,863,720$53,678,908$37,888,872$146,913,646
77$186,024,580$56,245,935$39,094,910$160,991,552
78$204,933,855$58,936,754$40,339,357$176,467,003
79$225,769,821$61,757,368$41,623,439$193,480,859
80$248,728,937$64,714,073$42,948,418$212,188,270
81$274,027,696$67,813,470$44,315,598$232,760,133
82$301,904,673$71,062,483$45,726,323$255,384,692
83$332,622,776$74,468,370$47,181,981$280,269,301
84$366,471,726$78,038,747$48,684,004$307,642,377
85$403,770,794$81,781,597$50,233,870$337,755,535
86$444,871,813$85,705,294$51,833,103$370,885,957
87$490,162,503$89,818,619$53,483,277$407,338,989
88$540,070,128$94,130,780$55,186,015$447,451,016
89$595,065,527$98,651,435$56,942,994$491,592,614
90$655,667,568$103,390,712$58,755,941$540,172,040
91$722,448,035$108,359,232$60,626,640$593,639,066
92$796,037,035$113,568,135$62,556,932$652,489,208
93$877,128,940$119,029,101$64,548,718$717,268,383
94$966,488,948$124,754,383$66,603,956$788,578,052
95$1,064,960,302$130,756,829$68,724,670$867,080,868
96$1,173,472,253$137,049,914$70,912,946$953,506,916
97$1,293,048,831$143,647,768$73,170,938$1,048,660,586
98$1,424,818,517$150,565,213$75,500,869$1,153,428,138
99$1,570,024,889$157,817,793$77,905,032$1,268,786,048
100$1,730,038,370$165,421,807$80,385,793$1,395,810,202