Can I retire at age 54 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,428,294
2 years$760,381$746,220$732,495$719,188$706,281$651,594
3 years$501,886$487,663$473,973$460,791$448,094$395,336
4 years$372,663$358,484$344,931$331,974$319,584$269,158
5 years$295,150$281,056$267,681$254,988$242,943$194,979
6 years$243,491$229,503$216,326$203,916$192,232$146,765
7 years$206,606$192,736$179,768$167,650$156,336$113,353
8 years$178,956$165,211$152,457$140,638$129,696$89,159
9 years$157,461$143,846$131,311$119,792$109,223$71,076
10 years$140,275$126,793$114,480$103,262$93,063$57,238
11 years$126,223$112,876$100,787$89,869$80,038$46,456
12 years$114,521$101,312$89,446$78,827$69,359$37,938
13 years$104,628$91,556$79,914$69,593$60,482$31,134
14 years$96,155$83,222$71,803$61,776$53,018$25,650
15 years$88,818$76,025$64,828$55,094$46,682$21,199
16 years$82,405$69,751$58,776$49,330$41,257$17,566
17 years$76,752$64,238$53,484$44,323$36,582$14,586
18 years$71,733$59,359$48,824$39,944$32,527$12,132
19 years$67,248$55,013$44,696$36,093$28,992$10,106
20 years$63,216$51,121$41,020$32,689$25,896$8,428
21 years$59,572$47,617$37,730$29,667$23,174$7,036
22 years$56,265$44,449$34,774$26,974$20,772$5,878
23 years$53,249$41,572$32,108$24,566$18,646$4,914
24 years$50,489$38,951$29,694$22,406$16,760$4,111
25 years$47,954$36,553$27,503$20,462$15,081$3,441
26 years$45,617$34,354$25,508$18,710$13,585$2,881
27 years$43,457$32,331$23,686$17,125$12,248$2,412
28 years$41,455$30,466$22,019$15,690$11,051$2,021
29 years$39,595$28,741$20,491$14,388$9,979$1,693
30 years$37,862$27,143$19,086$13,205$9,017$1,419
31 years$36,243$25,659$17,794$12,128$8,152$1,190
32 years$34,729$24,278$16,602$11,146$7,374$997
33 years$33,310$22,992$15,501$10,249$6,673$836
34 years$31,977$21,791$14,483$9,430$6,042$701
35 years$30,723$20,669$13,541$8,681$5,473$588
36 years$29,541$19,618$12,667$7,995$4,958$493
37 years$28,426$18,632$11,856$7,366$4,494$414
38 years$27,372$17,707$11,103$6,790$4,074$347
39 years$26,374$16,838$10,402$6,261$3,695$291
40 years$25,429$16,020$9,750$5,774$3,351$244
41 years$24,532$15,249$9,142$5,328$3,040$205
42 years$23,681$14,523$8,576$4,917$2,759$172
43 years$22,871$13,837$8,047$4,539$2,504$144
44 years$22,099$13,190$7,554$4,191$2,273$121
45 years$21,365$12,578$7,093$3,870$2,063$101
46 years$20,664$11,999$6,662$3,575$1,873$85
47 years$19,995$11,450$6,259$3,303$1,701$71
48 years$19,356$10,931$5,881$3,052$1,545$60
49 years$18,745$10,439$5,528$2,821$1,403$50
50 years$18,160$9,971$5,197$2,607$1,274$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $18,600,000, adding $3,910 every year, while hoping to spend $33,454 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: 37/37/26 Blend
53$18,600,000$18,600,000$18,600,000$18,600,000
54$20,501,233$19,515,433$19,227,133$21,099,960
55$22,556,764$20,436,095$19,835,647$22,461,492
56$24,820,838$21,400,747$20,463,425$23,927,819
57$27,314,691$22,411,511$21,111,078$25,511,075
58$30,061,724$23,470,610$21,779,233$27,221,836
59$33,087,724$24,580,373$22,468,541$29,071,693
60$36,421,106$25,743,246$23,179,672$31,073,362
61$40,093,184$26,961,791$23,913,316$33,240,791
62$44,138,463$28,238,693$24,670,187$35,589,283
63$48,594,968$29,576,770$25,451,020$38,135,634
64$53,504,599$30,978,977$26,256,574$40,898,278
65$58,913,531$32,448,409$27,087,631$43,897,456
66$64,872,645$33,988,314$27,945,000$47,155,391
67$71,438,011$35,602,098$28,829,514$50,696,491
68$78,671,417$37,293,331$29,742,032$54,547,566
69$86,640,953$39,065,755$30,683,442$58,738,070
70$95,421,651$40,923,298$31,654,658$63,300,367
71$105,096,195$42,870,075$32,656,624$68,270,022
72$115,755,700$44,910,402$33,690,315$73,686,123
73$127,500,576$47,048,806$34,756,734$79,591,637
74$140,441,469$49,290,031$35,856,919$86,033,801
75$154,700,312$51,639,056$36,991,939$93,064,550
76$170,411,472$54,101,098$38,162,897$100,740,994
77$187,723,020$56,681,630$39,370,932$109,125,936
78$206,798,127$59,386,389$40,617,218$118,288,452
79$227,816,608$62,221,394$41,902,966$128,304,518
80$250,976,613$65,192,953$43,229,426$139,257,715
81$276,496,504$68,307,684$44,597,889$151,239,993
82$304,616,912$71,572,526$46,009,683$164,352,517
83$335,603,012$74,994,754$47,466,182$178,706,602
84$369,747,022$78,582,000$48,968,802$194,424,740
85$407,370,965$82,342,265$50,519,004$211,641,731
86$448,829,707$86,283,939$52,118,294$230,505,929
87$494,514,308$90,415,824$53,768,228$251,180,620
88$544,855,714$94,747,145$55,470,410$273,845,529
89$600,328,823$99,287,581$57,226,494$298,698,493
90$661,456,970$104,047,280$59,038,190$325,957,294
91$728,816,869$109,036,885$60,907,257$355,861,686
92$803,044,053$114,267,555$62,835,513$388,675,621
93$884,838,877$119,750,996$64,824,833$424,689,709
94$974,973,130$125,499,482$66,877,153$464,223,923
95$1,074,297,318$131,525,886$68,994,466$507,630,582
96$1,183,748,697$137,843,707$71,178,833$555,297,634
97$1,304,360,117$144,467,102$73,432,377$607,652,281
98$1,437,269,777$151,410,918$75,757,291$665,164,963
99$1,583,731,969$158,690,727$78,155,834$728,353,757
100$1,745,128,914$166,322,858$80,630,339$797,789,214