Can I retire at age 55 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,397,811
2 years$735,853$722,148$708,867$695,989$683,498$645,939
3 years$485,696$471,932$458,684$445,927$433,639$397,230
4 years$360,642$346,920$333,804$321,265$309,275$274,296
5 years$285,629$271,990$259,046$246,762$235,106$201,654
6 years$235,636$222,100$209,347$197,338$186,031$154,138
7 years$199,942$186,519$173,969$162,242$151,293$120,962
8 years$173,183$159,881$147,539$136,101$125,512$96,728
9 years$152,381$139,205$127,076$115,928$105,700$78,437
10 years$135,750$122,703$110,787$99,931$90,061$64,286
11 years$122,151$109,235$97,535$86,970$77,456$53,130
12 years$110,827$98,044$86,560$76,284$67,122$44,201
13 years$101,253$88,603$77,336$67,348$58,531$36,969
14 years$93,053$80,537$69,487$59,784$51,308$31,055
15 years$85,953$73,572$62,737$53,317$45,176$26,179
16 years$79,747$67,501$56,880$47,739$39,926$22,135
17 years$74,276$62,166$51,759$42,893$35,402$18,761
18 years$69,419$57,444$47,249$38,655$31,477$15,934
19 years$65,078$53,239$43,254$34,929$28,057$13,556
20 years$61,176$49,472$39,697$31,634$25,061$11,550
21 years$57,651$46,081$36,513$28,710$22,426$9,853
22 years$54,450$43,015$33,653$26,104$20,102$8,414
23 years$51,531$40,231$31,072$23,774$18,045$7,191
24 years$48,860$37,694$28,737$21,683$16,219$6,151
25 years$46,407$35,374$26,616$19,802$14,595$5,264
26 years$44,146$33,246$24,685$18,106$13,146$4,508
27 years$42,055$31,288$22,922$16,573$11,853$3,862
28 years$40,118$29,483$21,309$15,184$10,695$3,310
29 years$38,318$27,814$19,830$13,924$9,657$2,838
30 years$36,640$26,267$18,471$12,779$8,726$2,434
31 years$35,074$24,831$17,220$11,737$7,889$2,088
32 years$33,609$23,495$16,066$10,786$7,136$1,791
33 years$32,235$22,250$15,001$9,919$6,458$1,537
34 years$30,945$21,088$14,016$9,126$5,847$1,319
35 years$29,732$20,002$13,104$8,401$5,296$1,133
36 years$28,588$18,985$12,259$7,737$4,798$972
37 years$27,509$18,031$11,474$7,129$4,349$835
38 years$26,489$17,136$10,745$6,571$3,943$717
39 years$25,524$16,295$10,067$6,059$3,575$616
40 years$24,609$15,503$9,436$5,588$3,243$529
41 years$23,741$14,757$8,848$5,156$2,942$454
42 years$22,917$14,054$8,299$4,758$2,670$390
43 years$22,133$13,391$7,788$4,392$2,423$335
44 years$21,387$12,764$7,310$4,056$2,199$288
45 years$20,676$12,172$6,864$3,745$1,997$247
46 years$19,997$11,612$6,447$3,460$1,813$212
47 years$19,350$11,081$6,057$3,196$1,646$182
48 years$18,732$10,578$5,692$2,954$1,495$157
49 years$18,140$10,102$5,350$2,730$1,358$135
50 years$17,574$9,650$5,030$2,523$1,233$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $18,000,000, adding $2,362 every year, while hoping to spend $27,883 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: 81/12/7 Blend
54$18,000,000$18,000,000$18,000,000$18,000,000
55$19,838,436$18,884,436$18,605,436$21,431,147
56$21,832,290$19,780,106$19,199,051$23,369,509
57$24,028,581$20,718,730$19,811,618$25,492,517
58$26,447,931$21,702,382$20,443,741$27,821,718
59$29,113,060$22,733,239$21,096,046$30,377,711
60$32,049,006$23,813,581$21,769,178$33,183,180
61$35,283,361$24,945,803$22,463,802$36,263,102
62$38,846,529$26,132,413$23,180,604$39,644,984
63$42,772,014$27,376,040$23,920,294$43,359,114
64$47,096,738$28,679,444$24,683,602$47,438,848
65$51,861,386$30,045,518$25,471,283$51,920,923
66$57,110,792$31,477,293$26,284,116$56,845,797
67$62,894,364$32,977,952$27,122,905$62,258,029
68$69,266,545$34,550,828$27,988,479$68,206,699
69$76,287,334$36,199,419$28,881,693$74,745,862
70$84,022,844$37,927,392$29,803,432$81,935,061
71$92,545,933$39,738,594$30,754,606$89,839,878
72$101,936,889$41,637,056$31,736,157$98,532,558
73$112,284,188$43,627,008$32,749,054$108,092,676
74$123,685,328$45,712,884$33,794,301$118,607,894
75$136,247,752$47,899,335$34,872,929$130,174,777
76$150,089,857$50,191,238$35,986,008$142,899,701
77$165,342,120$52,593,706$37,134,636$156,899,854
78$182,148,322$55,112,103$38,319,952$172,304,335
79$200,666,906$57,752,052$39,543,126$189,255,370
80$221,072,480$60,519,451$40,805,370$207,909,643
81$243,557,455$63,420,486$42,107,932$228,439,776
82$268,333,868$66,461,643$43,452,100$251,035,947
83$295,635,382$69,649,723$44,839,205$275,907,680
84$325,719,491$72,991,859$46,270,619$303,285,818
85$358,869,953$76,495,534$47,747,758$333,424,691
86$395,399,464$80,168,591$49,272,084$366,604,514
87$435,652,616$84,019,259$50,845,105$403,134,021
88$480,009,145$88,056,165$52,468,379$443,353,369
89$528,887,520$92,288,359$54,143,511$487,637,349
90$582,748,887$96,725,329$55,872,159$536,398,904
91$642,101,432$101,377,029$57,656,035$590,093,026
92$707,505,169$106,253,894$59,496,903$649,221,039
93$779,577,234$111,366,872$61,396,587$714,335,319
94$858,997,704$116,727,442$63,356,965$786,044,499
95$946,516,026$122,347,642$65,379,980$865,019,205
96$1,042,958,085$128,240,101$67,467,633$951,998,374
97$1,149,234,002$134,418,058$69,621,991$1,047,796,215
98$1,266,346,730$140,895,402$71,845,187$1,153,309,886
99$1,395,401,518$147,686,699$74,139,423$1,269,527,948
100$1,537,616,348$154,807,222$76,506,969$1,397,539,684