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%14.9%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,468,870
2 years$768,558$754,244$740,372$726,922$713,875$683,513
3 years$507,282$492,907$479,070$465,746$452,912$423,403
4 years$376,670$362,339$348,640$335,544$323,021$294,592
5 years$298,323$284,078$270,559$257,730$245,555$218,288
6 years$246,109$231,971$218,652$206,108$194,299$168,223
7 years$208,828$194,809$181,701$169,453$158,017$133,138
8 years$180,880$166,987$154,097$142,150$131,091$107,401
9 years$159,154$145,392$132,723$121,080$110,397$87,881
10 years$141,783$128,156$115,711$104,372$94,064$72,699
11 years$127,580$114,090$101,870$90,835$80,898$60,659
12 years$115,753$102,401$90,407$79,675$70,105$50,961
13 years$105,753$92,541$80,773$70,341$61,133$43,053
14 years$97,189$84,117$72,575$62,441$53,589$36,538
15 years$89,773$76,842$65,525$55,686$47,184$31,126
16 years$83,291$70,501$59,408$49,861$41,701$26,599
17 years$77,577$64,929$54,059$44,800$36,975$22,790
18 years$72,504$59,997$49,349$40,373$32,876$19,571
19 years$67,971$55,605$45,177$36,481$29,303$16,837
20 years$63,895$51,671$41,461$33,040$26,174$14,509
21 years$60,213$48,129$38,136$29,986$23,423$12,520
22 years$56,870$44,927$35,148$27,264$20,996$10,816
23 years$53,822$42,019$32,453$24,830$18,847$9,354
24 years$51,032$39,369$30,014$22,647$16,940$8,096
25 years$48,469$36,946$27,799$20,682$15,243$7,012
26 years$46,108$34,723$25,782$18,911$13,731$6,078
27 years$43,925$32,679$23,941$17,309$12,379$5,271
28 years$41,901$30,793$22,256$15,859$11,170$4,573
29 years$40,021$29,050$20,711$14,543$10,086$3,969
30 years$38,269$27,434$19,292$13,347$9,114$3,446
31 years$36,633$25,935$17,985$12,258$8,240$2,993
32 years$35,103$24,539$16,780$11,266$7,453$2,601
33 years$33,668$23,239$15,668$10,360$6,745$2,260
34 years$32,321$22,026$14,639$9,532$6,107$1,964
35 years$31,053$20,891$13,687$8,775$5,531$1,707
36 years$29,859$19,828$12,804$8,081$5,012$1,485
37 years$28,732$18,833$11,984$7,446$4,542$1,291
38 years$27,666$17,898$11,222$6,863$4,118$1,123
39 years$26,658$17,019$10,514$6,328$3,734$976
40 years$25,703$16,192$9,855$5,837$3,387$849
41 years$24,796$15,413$9,241$5,385$3,073$739
42 years$23,935$14,679$8,668$4,970$2,788$643
43 years$23,116$13,986$8,134$4,588$2,531$559
44 years$22,337$13,332$7,635$4,236$2,297$486
45 years$21,594$12,713$7,169$3,912$2,085$423
46 years$20,886$12,128$6,733$3,614$1,893$368
47 years$20,210$11,574$6,326$3,338$1,719$320
48 years$19,564$11,049$5,945$3,085$1,561$279
49 years$18,946$10,551$5,588$2,851$1,418$243
50 years$18,355$10,079$5,253$2,635$1,288$211

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 $2,317 every year, while hoping to spend $28,755 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: 57/25/18 Blend
53$18,800,000$18,800,000$18,800,000$18,800,000
54$20,719,990$19,723,590$19,432,190$21,802,354
55$22,802,834$20,659,451$20,052,573$23,474,031
56$25,097,164$21,640,205$20,692,776$25,291,565
57$27,624,522$22,668,022$21,353,431$27,271,622
58$30,408,645$23,745,177$22,035,192$29,429,832
59$33,475,690$24,874,054$22,738,735$31,783,375
60$36,854,484$26,057,156$23,464,756$34,351,143
61$40,576,789$27,297,104$24,213,972$37,153,911
62$44,677,608$28,596,649$24,987,127$40,214,524
63$49,195,513$29,958,674$25,784,985$43,558,109
64$54,173,009$31,386,203$26,608,336$47,212,305
65$59,656,936$32,882,407$27,457,995$51,207,518
66$65,698,909$34,450,611$28,334,804$55,577,198
67$72,355,808$36,094,301$29,239,630$60,358,149
68$79,690,313$37,817,134$30,173,370$65,590,867
69$87,771,494$39,622,943$31,136,947$71,319,919
70$96,675,469$41,515,749$32,131,317$77,594,346
71$106,486,114$43,499,768$33,157,463$84,468,125
72$117,295,862$45,579,421$34,216,403$92,000,664
73$129,206,571$47,759,344$35,309,184$100,257,357
74$142,330,489$50,044,399$36,436,889$109,310,186
75$156,791,308$52,439,684$37,600,634$119,238,393
76$172,725,340$54,950,547$38,801,573$130,129,217
77$190,282,794$57,582,593$40,040,896$142,078,703
78$209,629,201$60,341,703$41,319,828$155,192,597
79$230,946,976$63,234,042$42,639,638$169,587,335
80$254,437,135$66,266,077$44,001,634$185,391,121
81$280,321,197$69,444,590$45,407,163$202,745,132
82$308,843,275$72,776,691$46,857,619$221,804,826
83$340,272,379$76,269,838$48,354,438$242,741,405
84$374,904,954$79,931,853$49,899,105$265,743,404
85$413,067,683$83,770,937$51,493,149$291,018,462
86$455,120,567$87,795,693$53,138,149$318,795,258
87$501,460,324$92,015,142$54,835,737$349,325,659
88$552,524,137$96,438,743$56,587,593$382,887,068
89$608,793,776$101,076,419$58,395,455$419,785,031
90$670,800,152$105,938,575$60,261,114$460,356,097
91$739,128,325$111,036,122$62,186,419$504,970,970
92$814,423,029$116,380,507$64,173,278$554,037,990
93$897,394,756$121,983,729$66,223,661$608,006,960
94$988,826,467$127,858,378$68,339,600$667,373,369
95$1,089,580,982$134,017,655$70,523,192$732,683,041
96$1,200,609,126$140,475,403$72,776,602$804,537,261
97$1,322,958,703$147,246,144$75,102,065$883,598,420
98$1,457,784,392$154,345,106$77,501,885$970,596,240
99$1,606,358,643$161,788,260$79,978,442$1,066,334,631
100$1,770,083,696$169,592,356$82,534,191$1,171,699,244