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%12.8%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,481,634
2 years$768,558$754,244$740,372$726,922$713,875$696,257
3 years$507,282$492,907$479,070$465,746$452,912$435,725
4 years$376,670$362,339$348,640$335,544$323,021$306,399
5 years$298,323$284,078$270,559$257,730$245,555$229,547
6 years$246,109$231,971$218,652$206,108$194,299$178,924
7 years$208,828$194,809$181,701$169,453$158,017$143,281
8 years$180,880$166,987$154,097$142,150$131,091$116,993
9 years$159,154$145,392$132,723$121,080$110,397$96,932
10 years$141,783$128,156$115,711$104,372$94,064$81,221
11 years$127,580$114,090$101,870$90,835$80,898$68,668
12 years$115,753$102,401$90,407$79,675$70,105$58,473
13 years$105,753$92,541$80,773$70,341$61,133$50,086
14 years$97,189$84,117$72,575$62,441$53,589$43,110
15 years$89,773$76,842$65,525$55,686$47,184$37,257
16 years$83,291$70,501$59,408$49,861$41,701$32,309
17 years$77,577$64,929$54,059$44,800$36,975$28,100
18 years$72,504$59,997$49,349$40,373$32,876$24,499
19 years$67,971$55,605$45,177$36,481$29,303$21,405
20 years$63,895$51,671$41,461$33,040$26,174$18,736
21 years$60,213$48,129$38,136$29,986$23,423$16,426
22 years$56,870$44,927$35,148$27,264$20,996$14,420
23 years$53,822$42,019$32,453$24,830$18,847$12,675
24 years$51,032$39,369$30,014$22,647$16,940$11,152
25 years$48,469$36,946$27,799$20,682$15,243$9,821
26 years$46,108$34,723$25,782$18,911$13,731$8,656
27 years$43,925$32,679$23,941$17,309$12,379$7,634
28 years$41,901$30,793$22,256$15,859$11,170$6,737
29 years$40,021$29,050$20,711$14,543$10,086$5,948
30 years$38,269$27,434$19,292$13,347$9,114$5,255
31 years$36,633$25,935$17,985$12,258$8,240$4,644
32 years$35,103$24,539$16,780$11,266$7,453$4,105
33 years$33,668$23,239$15,668$10,360$6,745$3,631
34 years$32,321$22,026$14,639$9,532$6,107$3,212
35 years$31,053$20,891$13,687$8,775$5,531$2,842
36 years$29,859$19,828$12,804$8,081$5,012$2,515
37 years$28,732$18,833$11,984$7,446$4,542$2,226
38 years$27,666$17,898$11,222$6,863$4,118$1,971
39 years$26,658$17,019$10,514$6,328$3,734$1,745
40 years$25,703$16,192$9,855$5,837$3,387$1,546
41 years$24,796$15,413$9,241$5,385$3,073$1,369
42 years$23,935$14,679$8,668$4,970$2,788$1,213
43 years$23,116$13,986$8,134$4,588$2,531$1,074
44 years$22,337$13,332$7,635$4,236$2,297$952
45 years$21,594$12,713$7,169$3,912$2,085$843
46 years$20,886$12,128$6,733$3,614$1,893$747
47 years$20,210$11,574$6,326$3,338$1,719$662
48 years$19,564$11,049$5,945$3,085$1,561$587
49 years$18,946$10,551$5,588$2,851$1,418$520
50 years$18,355$10,079$5,253$2,635$1,288$461

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 $6,856 every year, while hoping to spend $44,832 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: 75/12/13 Blend
53$18,800,000$18,800,000$18,800,000$18,800,000
54$20,724,672$19,728,272$19,436,872$22,223,164
55$22,790,888$20,647,256$20,040,306$24,132,398
56$25,066,355$21,609,768$20,662,453$26,217,951
57$27,572,369$22,617,894$21,303,892$28,502,390
58$30,332,399$23,673,818$21,965,220$31,005,466
59$33,372,302$24,779,834$22,647,054$33,748,922
60$36,720,575$25,938,344$23,350,028$36,756,698
61$40,408,617$27,151,866$24,074,797$40,055,152
62$44,471,029$28,423,041$24,822,036$43,673,303
63$48,945,940$29,754,636$25,592,440$47,643,108
64$53,875,367$31,149,554$26,386,728$51,999,755
65$59,305,609$32,610,836$27,205,637$56,781,993
66$65,287,686$34,141,672$28,049,932$62,032,494
67$71,877,822$35,745,406$28,920,396$67,798,254
68$79,137,971$37,425,543$29,817,841$74,131,029
69$87,136,407$39,185,757$30,743,102$81,087,820
70$95,948,365$41,029,903$31,697,039$88,731,411
71$105,656,749$42,962,019$32,680,541$97,130,951
72$116,352,920$44,986,341$33,694,522$106,362,606
73$128,137,555$47,107,309$34,739,925$116,510,270
74$141,121,596$49,329,578$35,817,724$127,666,355
75$155,427,302$51,658,030$36,928,920$139,932,656
76$171,189,395$54,097,782$38,074,548$153,421,305
77$188,556,340$56,654,200$39,255,672$168,255,827
78$207,691,740$59,332,909$40,473,391$184,572,296
79$228,775,885$62,139,809$41,728,837$202,520,616
80$252,007,450$65,081,084$43,023,177$222,265,927
81$277,605,372$68,163,219$44,357,615$243,990,160
82$305,810,916$71,393,014$45,733,392$267,893,743
83$336,889,955$74,777,596$47,151,785$294,197,489
84$371,135,474$78,324,443$48,614,114$323,144,670
85$408,870,343$82,041,391$50,121,738$355,003,306
86$450,450,359$85,936,660$51,676,057$390,068,686
87$496,267,606$90,018,867$53,278,515$428,666,148
88$546,754,159$94,297,049$54,930,603$471,154,140
89$602,386,159$98,780,680$56,633,854$517,927,590
90$663,688,310$103,479,696$58,389,850$569,421,631
91$731,238,831$108,404,514$60,200,224$626,115,692
92$805,674,917$113,566,060$62,066,656$688,538,014
93$887,698,749$118,975,788$63,990,880$757,270,628
94$978,084,130$124,645,709$65,974,682$832,954,832
95$1,077,683,782$130,588,421$68,019,906$916,297,236
96$1,187,437,404$136,817,129$70,128,449$1,008,076,418
97$1,308,380,537$143,345,686$72,302,269$1,109,150,260
98$1,441,654,341$150,188,614$74,543,385$1,220,464,032
99$1,588,516,372$157,361,144$76,853,876$1,343,059,299
100$1,750,352,448$164,879,246$79,235,887$1,478,083,740