Can I retire at age 54 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,483,483
2 years$768,558$754,244$740,372$726,922$713,875$698,109
3 years$507,282$492,907$479,070$465,746$452,912$437,525
4 years$376,670$362,339$348,640$335,544$323,021$308,131
5 years$298,323$284,078$270,559$257,730$245,555$231,207
6 years$246,109$231,971$218,652$206,108$194,299$180,510
7 years$208,828$194,809$181,701$169,453$158,017$144,792
8 years$180,880$166,987$154,097$142,150$131,091$118,430
9 years$159,154$145,392$132,723$121,080$110,397$98,296
10 years$141,783$128,156$115,711$104,372$94,064$82,514
11 years$127,580$114,090$101,870$90,835$80,898$69,890
12 years$115,753$102,401$90,407$79,675$70,105$59,628
13 years$105,753$92,541$80,773$70,341$61,133$51,174
14 years$97,189$84,117$72,575$62,441$53,589$44,135
15 years$89,773$76,842$65,525$55,686$47,184$38,220
16 years$83,291$70,501$59,408$49,861$41,701$33,213
17 years$77,577$64,929$54,059$44,800$36,975$28,946
18 years$72,504$59,997$49,349$40,373$32,876$25,291
19 years$67,971$55,605$45,177$36,481$29,303$22,146
20 years$63,895$51,671$41,461$33,040$26,174$19,427
21 years$60,213$48,129$38,136$29,986$23,423$17,070
22 years$56,870$44,927$35,148$27,264$20,996$15,020
23 years$53,822$42,019$32,453$24,830$18,847$13,232
24 years$51,032$39,369$30,014$22,647$16,940$11,669
25 years$48,469$36,946$27,799$20,682$15,243$10,300
26 years$46,108$34,723$25,782$18,911$13,731$9,100
27 years$43,925$32,679$23,941$17,309$12,379$8,045
28 years$41,901$30,793$22,256$15,859$11,170$7,117
29 years$40,021$29,050$20,711$14,543$10,086$6,299
30 years$38,269$27,434$19,292$13,347$9,114$5,578
31 years$36,633$25,935$17,985$12,258$8,240$4,942
32 years$35,103$24,539$16,780$11,266$7,453$4,380
33 years$33,668$23,239$15,668$10,360$6,745$3,883
34 years$32,321$22,026$14,639$9,532$6,107$3,443
35 years$31,053$20,891$13,687$8,775$5,531$3,055
36 years$29,859$19,828$12,804$8,081$5,012$2,710
37 years$28,732$18,833$11,984$7,446$4,542$2,405
38 years$27,666$17,898$11,222$6,863$4,118$2,135
39 years$26,658$17,019$10,514$6,328$3,734$1,895
40 years$25,703$16,192$9,855$5,837$3,387$1,683
41 years$24,796$15,413$9,241$5,385$3,073$1,494
42 years$23,935$14,679$8,668$4,970$2,788$1,327
43 years$23,116$13,986$8,134$4,588$2,531$1,179
44 years$22,337$13,332$7,635$4,236$2,297$1,047
45 years$21,594$12,713$7,169$3,912$2,085$930
46 years$20,886$12,128$6,733$3,614$1,893$826
47 years$20,210$11,574$6,326$3,338$1,719$734
48 years$19,564$11,049$5,945$3,085$1,561$652
49 years$18,946$10,551$5,588$2,851$1,418$580
50 years$18,355$10,079$5,253$2,635$1,288$515

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $18,800,000, adding $4,274 every year, while hoping to spend $31,239 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: 57/15/28 Blend
53$18,800,000$18,800,000$18,800,000$18,800,000
54$20,722,009$19,725,609$19,434,209$21,743,688
55$22,802,415$20,658,925$20,052,017$23,378,932
56$25,093,977$21,636,928$20,689,474$25,156,788
57$27,618,197$22,661,772$21,347,206$27,094,027
58$30,398,774$23,735,720$22,025,859$29,206,076
59$33,461,821$24,861,142$22,726,097$31,509,904
60$36,836,114$26,040,525$23,448,608$34,024,177
61$40,553,361$27,276,474$24,194,100$36,769,428
62$44,648,507$28,571,724$24,963,305$39,768,247
63$49,160,057$29,929,141$25,756,978$43,045,492
64$54,130,443$31,351,729$26,575,897$46,628,514
65$59,606,424$32,842,640$27,420,866$50,547,412
66$65,639,527$34,405,177$28,292,713$54,835,313
67$72,286,535$36,042,807$29,192,294$59,528,676
68$79,610,018$37,759,161$30,120,493$64,667,633
69$87,678,929$39,558,049$31,078,219$70,296,358
70$96,569,254$41,443,467$32,066,413$76,463,482
71$106,364,724$43,419,603$33,086,044$83,222,539
72$117,157,612$45,490,850$34,138,113$90,632,471
73$129,049,601$47,661,815$35,223,652$98,758,172
74$142,152,743$49,937,326$36,343,727$107,671,096
75$156,590,518$52,322,451$37,499,438$117,449,920
76$172,499,000$54,822,500$38,691,917$128,181,282
77$190,028,138$57,443,042$39,922,337$139,960,587
78$209,343,178$60,189,921$41,191,905$152,892,899
79$230,626,214$63,069,259$42,501,866$167,093,926
80$254,077,916$66,087,481$43,853,507$182,691,099
81$279,919,419$69,251,323$45,248,154$199,824,764
82$308,394,410$72,567,848$46,687,177$218,649,500
83$339,771,430$76,044,463$48,171,989$239,335,563
84$374,346,412$79,688,938$49,704,046$262,070,484
85$412,445,469$83,509,418$51,284,854$287,060,825
86$454,427,974$87,514,447$52,915,964$314,534,116
87$500,689,957$91,712,984$54,598,978$344,740,993
88$551,667,837$96,114,425$56,335,549$377,957,546
89$607,842,547$100,728,623$58,127,381$414,487,911
90$669,744,072$105,565,911$59,976,233$454,667,128
91$737,956,453$110,637,126$61,883,923$498,864,288
92$813,123,299$115,953,633$63,852,322$547,485,998
93$895,953,865$121,527,351$65,883,364$600,980,204
94$987,229,747$127,370,778$67,979,044$659,840,402
95$1,087,812,258$133,497,023$70,141,419$724,610,277
96$1,198,650,566$139,919,835$72,372,614$795,888,815
97$1,320,790,647$146,653,630$74,674,820$874,335,940
98$1,455,385,165$153,713,530$77,050,299$960,678,720
99$1,603,704,351$161,115,392$79,501,382$1,055,718,208
100$1,767,147,995$168,875,846$82,030,479$1,160,336,983