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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,417,805
2 years$756,293$742,208$728,557$715,322$702,484$645,337
3 years$499,187$485,041$471,425$458,314$445,685$390,600
4 years$370,659$356,557$343,077$330,189$317,866$265,264
5 years$293,563$279,545$266,242$253,617$241,637$191,652
6 years$242,182$228,269$215,163$202,820$191,199$143,864
7 years$205,496$191,700$178,801$166,749$155,496$110,795
8 years$177,994$164,322$151,638$139,882$128,999$86,888
9 years$156,614$143,072$130,605$119,148$108,636$69,053
10 years$139,521$126,111$113,865$102,707$92,563$55,433
11 years$125,544$112,269$100,245$89,386$79,607$44,845
12 years$113,906$100,767$88,965$78,403$68,986$36,500
13 years$104,065$91,064$79,484$69,218$60,157$29,851
14 years$95,638$82,775$71,417$61,444$52,733$24,507
15 years$88,341$75,616$64,480$54,798$46,431$20,182
16 years$81,962$69,376$58,460$49,065$41,036$16,663
17 years$76,340$63,893$53,197$44,085$36,385$13,785
18 years$71,347$59,040$48,562$39,729$32,352$11,423
19 years$66,886$54,718$44,456$35,899$28,836$9,480
20 years$62,876$50,846$40,799$32,513$25,757$7,875
21 years$59,252$47,361$37,528$29,508$23,049$6,549
22 years$55,962$44,210$34,587$26,829$20,660$5,450
23 years$52,963$41,349$31,935$24,434$18,546$4,539
24 years$50,218$38,741$29,535$22,285$16,670$3,781
25 years$47,696$36,357$27,355$20,352$15,000$3,152
26 years$45,372$34,169$25,371$18,609$13,512$2,628
27 years$43,224$32,157$23,559$17,033$12,182$2,192
28 years$41,232$30,302$21,901$15,606$10,992$1,829
29 years$39,382$28,586$20,381$14,311$9,925$1,527
30 years$37,658$26,997$18,984$13,134$8,968$1,274
31 years$36,048$25,521$17,698$12,063$8,108$1,064
32 years$34,543$24,148$16,513$11,086$7,334$888
33 years$33,131$22,868$15,418$10,194$6,638$742
34 years$31,805$21,674$14,406$9,380$6,010$619
35 years$30,558$20,557$13,468$8,635$5,443$517
36 years$29,382$19,512$12,599$7,952$4,932$432
37 years$28,273$18,532$11,793$7,327$4,470$361
38 years$27,225$17,612$11,043$6,753$4,052$301
39 years$26,233$16,747$10,346$6,227$3,675$252
40 years$25,292$15,934$9,698$5,743$3,333$210
41 years$24,400$15,167$9,093$5,299$3,024$176
42 years$23,553$14,445$8,530$4,890$2,744$147
43 years$22,748$13,763$8,004$4,514$2,490$123
44 years$21,981$13,119$7,513$4,168$2,260$102
45 years$21,250$12,510$7,055$3,850$2,052$86
46 years$20,553$11,934$6,626$3,556$1,863$71
47 years$19,888$11,389$6,225$3,285$1,692$60
48 years$19,252$10,872$5,850$3,036$1,536$50
49 years$18,644$10,382$5,498$2,805$1,395$42
50 years$18,062$9,918$5,169$2,593$1,267$35

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 $5,957 every year, while hoping to spend $45,542 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: 48/38/14 Blend
53$18,500,000$18,500,000$18,500,000$18,500,000
54$20,393,145$19,412,645$19,125,895$21,292,308
55$22,424,789$20,315,408$19,718,156$22,816,466
56$24,662,135$21,260,880$20,328,731$24,465,271
57$27,126,115$22,251,106$20,958,187$26,254,532
58$29,839,798$23,288,229$21,607,105$28,197,389
59$32,828,601$24,374,496$22,276,086$30,308,270
60$36,120,534$25,512,262$22,965,751$32,603,019
61$39,746,461$26,703,996$23,676,737$35,099,040
62$43,740,395$27,952,286$24,409,702$37,815,451
63$48,139,814$29,259,846$25,165,325$40,773,255
64$52,986,017$30,629,521$25,944,305$43,995,534
65$58,324,514$32,064,292$26,747,364$47,507,654
66$64,205,458$33,567,285$27,575,243$51,337,498
67$70,684,110$35,141,777$28,428,710$55,515,713
68$77,821,371$36,791,206$29,308,553$60,075,998
69$85,684,347$38,519,172$30,215,586$65,055,404
70$94,346,991$40,329,452$31,150,649$70,494,674
71$103,890,794$42,226,005$32,114,605$76,438,619
72$114,405,558$44,212,982$33,108,348$82,936,523
73$125,990,242$46,294,735$34,132,794$90,042,600
74$138,753,896$48,475,826$35,188,892$97,816,489
75$152,816,692$50,761,040$36,277,618$106,323,803
76$168,311,054$53,155,390$37,399,978$115,636,736
77$185,382,913$55,664,136$38,557,009$125,834,726
78$204,193,083$58,292,791$39,749,781$137,005,188
79$224,918,774$61,047,135$40,979,396$149,244,324
80$247,755,273$63,933,229$42,246,990$162,658,014
81$272,917,781$66,957,427$43,553,734$177,362,792
82$300,643,446$70,126,392$44,900,835$193,486,932
83$331,193,602$73,447,110$46,289,538$211,171,633
84$364,856,236$76,926,905$47,721,124$230,572,336
85$401,948,708$80,573,459$49,196,917$251,860,162
86$442,820,741$84,394,823$50,718,279$275,223,510
87$487,857,729$88,399,442$52,286,614$300,869,808
88$537,484,372$92,596,170$53,903,370$329,027,443
89$592,168,686$96,994,290$55,570,041$359,947,893
90$652,426,417$101,603,536$57,288,163$393,908,072
91$718,825,918$106,434,115$59,059,323$431,212,914
92$791,993,507$111,496,732$60,885,154$472,198,218
93$872,619,380$116,802,607$62,767,343$517,233,790
94$961,464,133$122,363,511$64,707,625$566,726,895
95$1,059,365,934$128,191,782$66,707,790$621,126,071
96$1,167,248,441$134,300,362$68,769,683$680,925,321
97$1,286,129,520$140,702,818$70,895,205$746,668,738
98$1,417,130,854$147,413,379$73,086,318$818,955,606
99$1,561,488,532$154,446,965$75,345,040$898,446,004
100$1,720,564,719$161,819,223$77,673,455$985,867,004