Can I retire at age 54 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,425,143
2 years$756,293$742,208$728,557$715,322$702,484$652,538
3 years$499,187$485,041$471,425$458,314$445,685$397,435
4 years$370,659$356,557$343,077$330,189$317,866$271,681
5 years$293,563$279,545$266,242$253,617$241,637$197,639
6 years$242,182$228,269$215,163$202,820$191,199$149,423
7 years$205,496$191,700$178,801$166,749$155,496$115,935
8 years$177,994$164,322$151,638$139,882$128,999$91,623
9 years$156,614$143,072$130,605$119,148$108,636$73,399
10 years$139,521$126,111$113,865$102,707$92,563$59,408
11 years$125,544$112,269$100,245$89,386$79,607$48,469
12 years$113,906$100,767$88,965$78,403$68,986$39,794
13 years$104,065$91,064$79,484$69,218$60,157$32,835
14 years$95,638$82,775$71,417$61,444$52,733$27,203
15 years$88,341$75,616$64,480$54,798$46,431$22,611
16 years$81,962$69,376$58,460$49,065$41,036$18,845
17 years$76,340$63,893$53,197$44,085$36,385$15,740
18 years$71,347$59,040$48,562$39,729$32,352$13,171
19 years$66,886$54,718$44,456$35,899$28,836$11,038
20 years$62,876$50,846$40,799$32,513$25,757$9,262
21 years$59,252$47,361$37,528$29,508$23,049$7,780
22 years$55,962$44,210$34,587$26,829$20,660$6,541
23 years$52,963$41,349$31,935$24,434$18,546$5,503
24 years$50,218$38,741$29,535$22,285$16,670$4,633
25 years$47,696$36,357$27,355$20,352$15,000$3,902
26 years$45,372$34,169$25,371$18,609$13,512$3,288
27 years$43,224$32,157$23,559$17,033$12,182$2,772
28 years$41,232$30,302$21,901$15,606$10,992$2,337
29 years$39,382$28,586$20,381$14,311$9,925$1,971
30 years$37,658$26,997$18,984$13,134$8,968$1,663
31 years$36,048$25,521$17,698$12,063$8,108$1,403
32 years$34,543$24,148$16,513$11,086$7,334$1,184
33 years$33,131$22,868$15,418$10,194$6,638$999
34 years$31,805$21,674$14,406$9,380$6,010$844
35 years$30,558$20,557$13,468$8,635$5,443$712
36 years$29,382$19,512$12,599$7,952$4,932$601
37 years$28,273$18,532$11,793$7,327$4,470$508
38 years$27,225$17,612$11,043$6,753$4,052$429
39 years$26,233$16,747$10,346$6,227$3,675$362
40 years$25,292$15,934$9,698$5,743$3,333$306
41 years$24,400$15,167$9,093$5,299$3,024$258
42 years$23,553$14,445$8,530$4,890$2,744$218
43 years$22,748$13,763$8,004$4,514$2,490$184
44 years$21,981$13,119$7,513$4,168$2,260$155
45 years$21,250$12,510$7,055$3,850$2,052$131
46 years$20,553$11,934$6,626$3,556$1,863$111
47 years$19,888$11,389$6,225$3,285$1,692$94
48 years$19,252$10,872$5,850$3,036$1,536$79
49 years$18,644$10,382$5,498$2,805$1,395$67
50 years$18,062$9,918$5,169$2,593$1,267$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $18,500,000, adding $6,497 every year, while hoping to spend $32,354 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: 35/46/19 Blend
53$18,500,000$18,500,000$18,500,000$18,500,000
54$20,393,702$19,413,202$19,126,452$20,988,830
55$22,439,435$20,330,024$19,732,763$22,341,988
56$24,692,748$21,290,687$20,358,302$23,797,553
57$27,174,781$22,297,303$21,003,678$25,367,407
58$29,908,828$23,352,090$21,669,520$27,061,729
59$32,920,557$24,457,371$22,356,478$28,891,666
60$36,238,255$25,615,583$23,065,221$30,869,438
61$39,893,093$26,829,282$23,796,441$33,008,434
62$43,919,417$28,101,146$24,550,851$35,323,337
63$48,355,079$29,433,983$25,329,186$37,830,244
64$53,241,789$30,830,740$26,132,205$40,546,814
65$58,625,509$32,294,505$26,960,692$43,492,418
66$64,556,891$33,828,515$27,815,455$46,688,315
67$71,091,748$35,436,167$28,697,327$50,157,833
68$78,291,588$37,121,020$29,607,169$53,926,583
69$86,224,188$38,886,808$30,545,867$58,022,682
70$94,964,240$40,737,446$31,514,338$62,477,009
71$104,594,050$42,677,039$32,513,526$67,323,475
72$115,204,319$44,709,890$33,544,406$72,599,332
73$126,894,999$46,840,514$34,607,983$78,345,506
74$139,776,233$49,073,644$35,705,295$84,606,968
75$153,969,398$51,414,242$36,837,411$91,433,139
76$169,608,250$53,867,513$38,005,438$98,878,335
77$186,840,185$56,438,914$39,210,513$107,002,266
78$205,827,632$59,134,169$40,453,814$115,870,571
79$226,749,586$61,959,278$41,736,551$125,555,425
80$249,803,296$64,920,535$43,059,978$136,136,188
81$275,206,130$68,024,539$44,425,385$147,700,137
82$303,197,624$71,278,211$45,834,105$160,343,264
83$334,041,746$74,688,807$47,287,511$174,171,150
84$368,029,383$78,263,938$48,787,023$189,299,945
85$405,481,095$82,011,586$50,334,102$205,857,424
86$446,750,131$85,940,118$51,930,259$223,984,172
87$492,225,773$90,058,312$53,577,052$243,834,877
88$542,337,005$94,375,373$55,276,086$265,579,753
89$597,556,565$98,900,952$57,029,021$289,406,120
90$658,405,408$103,645,171$58,837,566$315,520,130
91$725,457,622$108,618,647$60,703,486$344,148,679
92$799,345,850$113,832,511$62,628,604$375,541,506
93$880,767,261$119,298,438$64,614,796$409,973,512
94$970,490,132$125,028,672$66,664,002$447,747,311
95$1,069,361,101$131,036,053$68,778,222$489,196,039
96$1,178,313,159$137,334,046$70,959,519$534,686,454
97$1,298,374,461$143,936,773$73,210,022$584,622,347
98$1,430,678,025$150,859,045$75,531,927$639,448,304
99$1,576,472,439$158,116,393$77,927,502$699,653,843
100$1,737,133,638$165,725,107$80,399,084$765,777,983