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

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,430,565
2 years$760,381$746,220$732,495$719,188$706,281$653,823
3 years$501,886$487,663$473,973$460,791$448,094$397,452
4 years$372,663$358,484$344,931$331,974$319,584$271,145
5 years$295,150$281,056$267,681$254,988$242,943$196,833
6 years$243,491$229,503$216,326$203,916$192,232$148,487
7 years$206,606$192,736$179,768$167,650$156,336$114,946
8 years$178,956$165,211$152,457$140,638$129,696$90,627
9 years$157,461$143,846$131,311$119,792$109,223$72,423
10 years$140,275$126,793$114,480$103,262$93,063$58,470
11 years$126,223$112,876$100,787$89,869$80,038$47,581
12 years$114,521$101,312$89,446$78,827$69,359$38,960
13 years$104,628$91,556$79,914$69,593$60,482$32,060
14 years$96,155$83,222$71,803$61,776$53,018$26,487
15 years$88,818$76,025$64,828$55,094$46,682$21,953
16 years$82,405$69,751$58,776$49,330$41,257$18,243
17 years$76,752$64,238$53,484$44,323$36,582$15,193
18 years$71,733$59,359$48,824$39,944$32,527$12,676
19 years$67,248$55,013$44,696$36,093$28,992$10,591
20 years$63,216$51,121$41,020$32,689$25,896$8,860
21 years$59,572$47,617$37,730$29,667$23,174$7,419
22 years$56,265$44,449$34,774$26,974$20,772$6,218
23 years$53,249$41,572$32,108$24,566$18,646$5,215
24 years$50,489$38,951$29,694$22,406$16,760$4,376
25 years$47,954$36,553$27,503$20,462$15,081$3,674
26 years$45,617$34,354$25,508$18,710$13,585$3,086
27 years$43,457$32,331$23,686$17,125$12,248$2,593
28 years$41,455$30,466$22,019$15,690$11,051$2,179
29 years$39,595$28,741$20,491$14,388$9,979$1,832
30 years$37,862$27,143$19,086$13,205$9,017$1,540
31 years$36,243$25,659$17,794$12,128$8,152$1,296
32 years$34,729$24,278$16,602$11,146$7,374$1,090
33 years$33,310$22,992$15,501$10,249$6,673$917
34 years$31,977$21,791$14,483$9,430$6,042$771
35 years$30,723$20,669$13,541$8,681$5,473$649
36 years$29,541$19,618$12,667$7,995$4,958$546
37 years$28,426$18,632$11,856$7,366$4,494$459
38 years$27,372$17,707$11,103$6,790$4,074$387
39 years$26,374$16,838$10,402$6,261$3,695$325
40 years$25,429$16,020$9,750$5,774$3,351$274
41 years$24,532$15,249$9,142$5,328$3,040$230
42 years$23,681$14,523$8,576$4,917$2,759$194
43 years$22,871$13,837$8,047$4,539$2,504$163
44 years$22,099$13,190$7,554$4,191$2,273$137
45 years$21,365$12,578$7,093$3,870$2,063$116
46 years$20,664$11,999$6,662$3,575$1,873$97
47 years$19,995$11,450$6,259$3,303$1,701$82
48 years$19,356$10,931$5,881$3,052$1,545$69
49 years$18,745$10,439$5,528$2,821$1,403$58
50 years$18,160$9,971$5,197$2,607$1,274$49

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 $6,505 every year, while hoping to spend $29,162 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: 80/12/8 Blend
53$18,600,000$18,600,000$18,600,000$18,600,000
54$20,503,910$19,518,110$19,229,810$22,122,502
55$22,564,281$20,443,469$19,842,980$24,109,509
56$24,833,832$21,413,194$20,475,715$26,284,817
57$27,333,869$22,429,426$21,128,637$28,670,847
58$30,087,870$23,494,415$21,802,393$31,288,635
59$33,121,706$24,610,515$22,497,647$34,161,340
60$36,463,887$25,780,197$23,215,085$37,314,464
61$40,145,830$27,006,053$23,955,417$40,776,089
62$44,202,153$28,290,798$24,719,372$44,577,137
63$48,671,007$29,637,281$25,507,705$48,751,663
64$53,594,431$31,048,489$26,321,195$53,337,169
65$59,018,753$32,527,555$27,160,644$58,374,958
66$64,995,022$34,077,762$28,026,882$63,910,518
67$71,579,496$35,702,554$28,920,765$69,993,949
68$78,834,169$37,405,543$29,843,174$76,680,433
69$86,827,355$39,190,516$30,795,022$84,030,749
70$95,634,338$41,061,444$31,777,247$92,111,844
71$105,338,076$43,022,490$32,790,821$100,997,459
72$116,029,991$45,078,023$33,836,744$110,768,823
73$127,810,824$47,232,621$34,916,050$121,515,413
74$140,791,595$49,491,086$36,029,804$133,335,795
75$155,094,642$51,858,454$37,179,107$146,338,549
76$170,854,783$54,340,005$38,365,095$160,643,288
77$188,220,584$56,941,278$39,588,938$176,381,783
78$207,355,762$59,668,080$40,851,847$193,699,198
79$228,440,734$62,526,500$42,155,068$212,755,457
80$251,674,316$65,522,925$43,499,889$233,726,748
81$277,275,601$68,664,053$44,887,640$256,807,177
82$305,486,028$71,956,907$46,319,692$282,210,593
83$336,571,660$75,408,853$47,797,459$310,172,603
84$370,825,698$79,027,615$49,322,402$340,952,784
85$408,571,245$82,821,294$50,896,028$374,837,131
86$450,164,359$86,798,385$52,519,893$412,140,741
87$495,997,415$90,967,797$54,195,600$453,210,787
88$546,502,806$95,338,874$55,924,807$498,429,779
89$602,157,026$99,921,413$57,709,223$548,219,170
90$663,485,172$104,725,691$59,550,611$603,043,325
91$731,065,894$109,762,485$61,450,791$663,413,889
92$805,536,865$115,043,097$63,411,643$729,894,613
93$887,600,796$120,579,379$65,435,103$803,106,659
94$978,032,072$126,383,763$67,523,174$883,734,456
95$1,077,684,062$132,469,286$69,677,919$972,532,146
96$1,187,497,175$138,849,620$71,901,468$1,070,330,691
97$1,308,507,741$145,539,105$74,196,020$1,178,045,705
98$1,441,857,788$152,552,779$76,563,845$1,296,686,084
99$1,588,805,831$159,906,414$79,007,282$1,427,363,512
100$1,750,738,749$167,616,551$81,528,749$1,571,302,944