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

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,453,479
2 years$768,558$754,244$740,372$726,922$713,875$668,266
3 years$507,282$492,907$479,070$465,746$452,912$408,783
4 years$376,670$362,339$348,640$335,544$323,021$280,710
5 years$298,323$284,078$270,559$257,730$245,555$205,178
6 years$246,109$231,971$218,652$206,108$194,299$155,891
7 years$208,828$194,809$181,701$169,453$158,017$121,576
8 years$180,880$166,987$154,097$142,150$131,091$96,593
9 years$159,154$145,392$132,723$121,080$110,397$77,806
10 years$141,783$128,156$115,711$104,372$94,064$63,332
11 years$127,580$114,090$101,870$90,835$80,898$51,973
12 years$115,753$102,401$90,407$79,675$70,105$42,926
13 years$105,753$92,541$80,773$70,341$61,133$35,637
14 years$97,189$84,117$72,575$62,441$53,589$29,709
15 years$89,773$76,842$65,525$55,686$47,184$24,852
16 years$83,291$70,501$59,408$49,861$41,701$20,847
17 years$77,577$64,929$54,059$44,800$36,975$17,529
18 years$72,504$59,997$49,349$40,373$32,876$14,766
19 years$67,971$55,605$45,177$36,481$29,303$12,459
20 years$63,895$51,671$41,461$33,040$26,174$10,527
21 years$60,213$48,129$38,136$29,986$23,423$8,904
22 years$56,870$44,927$35,148$27,264$20,996$7,539
23 years$53,822$42,019$32,453$24,830$18,847$6,388
24 years$51,032$39,369$30,014$22,647$16,940$5,416
25 years$48,469$36,946$27,799$20,682$15,243$4,595
26 years$46,108$34,723$25,782$18,911$13,731$3,900
27 years$43,925$32,679$23,941$17,309$12,379$3,312
28 years$41,901$30,793$22,256$15,859$11,170$2,813
29 years$40,021$29,050$20,711$14,543$10,086$2,390
30 years$38,269$27,434$19,292$13,347$9,114$2,031
31 years$36,633$25,935$17,985$12,258$8,240$1,727
32 years$35,103$24,539$16,780$11,266$7,453$1,468
33 years$33,668$23,239$15,668$10,360$6,745$1,248
34 years$32,321$22,026$14,639$9,532$6,107$1,062
35 years$31,053$20,891$13,687$8,775$5,531$903
36 years$29,859$19,828$12,804$8,081$5,012$768
37 years$28,732$18,833$11,984$7,446$4,542$653
38 years$27,666$17,898$11,222$6,863$4,118$556
39 years$26,658$17,019$10,514$6,328$3,734$473
40 years$25,703$16,192$9,855$5,837$3,387$402
41 years$24,796$15,413$9,241$5,385$3,073$342
42 years$23,935$14,679$8,668$4,970$2,788$291
43 years$23,116$13,986$8,134$4,588$2,531$248
44 years$22,337$13,332$7,635$4,236$2,297$211
45 years$21,594$12,713$7,169$3,912$2,085$179
46 years$20,886$12,128$6,733$3,614$1,893$153
47 years$20,210$11,574$6,326$3,338$1,719$130
48 years$19,564$11,049$5,945$3,085$1,561$111
49 years$18,946$10,551$5,588$2,851$1,418$94
50 years$18,355$10,079$5,253$2,635$1,288$80

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 $4,375 every year, while hoping to spend $28,442 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: 58/23/19 Blend
53$18,800,000$18,800,000$18,800,000$18,800,000
54$20,722,113$19,725,713$19,434,313$21,819,841
55$22,805,506$20,662,011$20,055,100$23,501,934
56$25,100,453$21,643,234$20,695,731$25,331,383
57$27,628,500$22,671,554$21,356,839$27,325,206
58$30,413,394$23,749,247$22,039,080$29,499,261
59$33,481,301$24,878,701$22,743,131$31,870,979
60$36,861,056$26,062,419$23,469,687$34,459,531
61$40,584,432$27,303,026$24,219,470$37,286,002
62$44,686,445$28,603,275$24,993,223$40,373,582
63$49,205,678$29,966,051$25,791,712$43,747,778
64$54,184,652$31,394,382$26,615,729$47,436,654
65$59,670,220$32,891,441$27,466,090$51,471,084
66$65,714,017$34,460,556$28,343,638$55,885,037
67$72,372,940$36,105,217$29,249,243$60,715,894
68$79,709,690$37,829,083$30,183,803$66,004,789
69$87,793,363$39,635,992$31,148,244$71,796,994
70$96,700,098$41,529,967$32,143,523$78,142,333
71$106,513,802$43,515,230$33,170,625$85,095,648
72$117,326,938$45,596,205$34,230,570$92,717,306
73$129,241,400$47,777,532$35,324,407$101,073,757
74$142,369,470$50,064,079$36,453,222$110,238,157
75$156,834,885$52,460,948$37,618,135$120,291,044
76$172,774,000$54,973,491$38,820,299$131,321,089
77$190,337,076$57,607,321$40,060,907$143,425,922
78$209,689,700$60,368,322$41,341,190$156,713,039
79$231,014,347$63,262,666$42,662,417$171,300,811
80$254,512,100$66,296,827$44,025,898$187,319,581
81$280,404,555$69,477,592$45,432,986$204,912,888
82$308,935,905$72,812,080$46,885,076$224,238,801
83$340,375,251$76,307,755$48,383,609$245,471,403
84$375,019,138$79,972,446$49,930,072$268,802,415
85$413,194,358$83,814,364$51,525,997$294,442,992
86$455,261,033$87,842,119$53,172,969$322,625,699
87$501,616,017$92,064,741$54,872,622$353,606,685
88$552,696,637$96,491,699$56,626,641$387,668,092
89$608,984,827$101,132,926$58,436,767$425,120,690
90$671,011,677$105,998,837$60,304,796$466,306,795
91$739,362,442$111,100,354$62,232,581$511,603,480
92$814,682,075$116,448,935$64,222,036$561,426,111
93$897,681,307$122,056,593$66,275,134$616,232,247
94$989,143,362$127,935,929$68,393,913$676,525,934
95$1,089,931,352$134,100,156$70,580,477$742,862,439
96$1,200,996,422$140,563,135$72,836,994$815,853,465
97$1,323,386,728$147,339,400$75,165,705$896,172,901
98$1,458,257,339$154,444,196$77,568,921$984,563,152
99$1,606,881,135$161,893,509$80,049,027$1,081,842,117
100$1,770,660,827$169,704,107$82,608,485$1,188,910,882