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%11.6%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,465,305
2 years$756,293$742,208$728,557$715,322$702,484$692,488
3 years$499,187$485,041$471,425$458,314$445,685$435,914
4 years$370,659$356,557$343,077$330,189$317,866$308,395
5 years$293,563$279,545$266,242$253,617$241,637$232,494
6 years$242,182$228,269$215,163$202,820$191,199$182,396
7 years$205,496$191,700$178,801$166,749$155,496$147,037
8 years$177,994$164,322$151,638$139,882$128,999$120,884
9 years$156,614$143,072$130,605$119,148$108,636$100,863
10 years$139,521$126,111$113,865$102,707$92,563$85,129
11 years$125,544$112,269$100,245$89,386$79,607$72,506
12 years$113,906$100,767$88,965$78,403$68,986$62,211
13 years$104,065$91,064$79,484$69,218$60,157$53,702
14 years$95,638$82,775$71,417$61,444$52,733$46,590
15 years$88,341$75,616$64,480$54,798$46,431$40,591
16 years$81,962$69,376$58,460$49,065$41,036$35,491
17 years$76,340$63,893$53,197$44,085$36,385$31,126
18 years$71,347$59,040$48,562$39,729$32,352$27,370
19 years$66,886$54,718$44,456$35,899$28,836$24,121
20 years$62,876$50,846$40,799$32,513$25,757$21,300
21 years$59,252$47,361$37,528$29,508$23,049$18,840
22 years$55,962$44,210$34,587$26,829$20,660$16,690
23 years$52,963$41,349$31,935$24,434$18,546$14,804
24 years$50,218$38,741$29,535$22,285$16,670$13,146
25 years$47,696$36,357$27,355$20,352$15,000$11,686
26 years$45,372$34,169$25,371$18,609$13,512$10,397
27 years$43,224$32,157$23,559$17,033$12,182$9,257
28 years$41,232$30,302$21,901$15,606$10,992$8,248
29 years$39,382$28,586$20,381$14,311$9,925$7,354
30 years$37,658$26,997$18,984$13,134$8,968$6,560
31 years$36,048$25,521$17,698$12,063$8,108$5,855
32 years$34,543$24,148$16,513$11,086$7,334$5,227
33 years$33,131$22,868$15,418$10,194$6,638$4,669
34 years$31,805$21,674$14,406$9,380$6,010$4,172
35 years$30,558$20,557$13,468$8,635$5,443$3,729
36 years$29,382$19,512$12,599$7,952$4,932$3,334
37 years$28,273$18,532$11,793$7,327$4,470$2,981
38 years$27,225$17,612$11,043$6,753$4,052$2,666
39 years$26,233$16,747$10,346$6,227$3,675$2,385
40 years$25,292$15,934$9,698$5,743$3,333$2,134
41 years$24,400$15,167$9,093$5,299$3,024$1,910
42 years$23,553$14,445$8,530$4,890$2,744$1,709
43 years$22,748$13,763$8,004$4,514$2,490$1,530
44 years$21,981$13,119$7,513$4,168$2,260$1,370
45 years$21,250$12,510$7,055$3,850$2,052$1,226
46 years$20,553$11,934$6,626$3,556$1,863$1,098
47 years$19,888$11,389$6,225$3,285$1,692$983
48 years$19,252$10,872$5,850$3,036$1,536$881
49 years$18,644$10,382$5,498$2,805$1,395$789
50 years$18,062$9,918$5,169$2,593$1,267$706

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 $6,543 every year, while hoping to spend $42,400 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: 42/35/23 Blend
53$18,500,000$18,500,000$18,500,000$18,500,000
54$20,393,749$19,413,249$19,126,499$21,112,625
55$22,428,798$20,319,385$19,722,124$22,532,309
56$24,670,001$21,268,501$20,336,280$24,064,179
57$27,138,341$22,262,657$20,969,546$25,722,260
58$29,856,940$23,304,015$21,622,513$27,518,186
59$32,851,276$24,394,840$22,295,796$29,464,729
60$36,149,426$25,537,506$22,990,024$31,575,906
61$39,782,327$26,734,504$23,705,850$33,867,103
62$43,784,073$27,988,443$24,443,944$36,355,219
63$48,192,231$29,302,060$25,204,999$39,058,811
64$53,048,200$30,678,222$25,989,728$41,998,263
65$58,397,599$32,119,938$26,798,867$45,195,969
66$64,290,699$33,630,360$27,633,174$48,676,533
67$70,782,896$35,212,793$28,493,431$52,466,995
68$77,935,236$36,870,705$29,380,445$56,597,073
69$85,814,988$38,607,727$30,295,048$61,099,435
70$94,496,280$40,427,669$31,238,096$66,009,992
71$104,060,802$42,334,526$32,210,473$71,368,229
72$114,598,571$44,332,485$33,213,091$77,217,566
73$126,208,784$46,425,936$34,246,889$83,605,750
74$139,000,756$48,619,482$35,312,835$90,585,296
75$153,094,947$50,917,951$36,411,929$98,213,967
76$168,624,104$53,326,403$37,545,201$106,555,308
77$185,734,508$55,850,142$38,713,711$115,679,224
78$204,587,363$58,494,734$39,918,555$125,662,629
79$225,360,308$61,266,010$41,160,861$136,590,152
80$248,249,103$64,170,088$42,441,793$148,554,920
81$273,469,468$67,213,380$43,762,550$161,659,418
82$301,259,129$70,402,610$45,124,370$176,016,437
83$331,880,051$73,744,829$46,528,528$191,750,119
84$365,620,922$77,247,431$47,976,339$208,997,104
85$402,799,867$80,918,167$49,469,158$227,907,805
86$443,767,462$84,765,165$51,008,383$248,647,798
87$488,910,035$88,796,950$52,595,456$271,399,363
88$538,653,317$93,022,459$54,231,862$296,363,180
89$593,466,459$97,451,063$55,919,133$323,760,197
90$653,866,462$102,092,589$57,658,848$353,833,686
91$720,423,058$106,957,343$59,452,636$386,851,513
92$793,764,086$112,056,129$61,302,176$423,108,632
93$874,581,423$117,400,279$63,209,198$462,929,845
94$963,637,509$123,001,674$65,175,488$506,672,826
95$1,061,772,554$128,872,775$67,202,885$554,731,469
96$1,169,912,459$135,026,645$69,293,287$607,539,568
97$1,289,077,567$141,476,988$71,448,649$665,574,873
98$1,420,392,287$148,238,169$73,670,987$729,363,561
99$1,565,095,717$155,325,256$75,962,382$799,485,161
100$1,724,553,334$162,754,047$78,324,975$876,577,982