Can I retire at age 55 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,428,636
2 years$748,117$734,184$720,681$707,589$694,889$664,173
3 years$493,791$479,798$466,328$453,359$440,866$411,024
4 years$366,652$352,702$339,368$326,620$314,430$285,690
5 years$290,389$276,523$263,363$250,875$239,024$211,470
6 years$239,564$225,802$212,837$200,627$189,132$162,792
7 years$203,274$189,628$176,868$164,946$153,815$128,694
8 years$176,069$162,546$149,998$138,369$127,604$103,695
9 years$154,921$141,526$129,193$117,860$107,461$84,747
10 years$138,012$124,748$112,634$101,597$91,562$70,020
11 years$124,187$111,056$99,161$88,419$78,747$58,350
12 years$112,674$99,678$88,003$77,556$68,240$48,958
13 years$102,940$90,079$78,625$68,470$59,507$41,305
14 years$94,604$81,880$70,645$60,780$52,163$35,007
15 years$87,386$74,799$63,783$54,205$45,929$29,780
16 years$81,076$68,626$57,828$48,535$40,592$25,413
17 years$75,514$63,202$52,621$43,608$35,992$21,743
18 years$70,576$58,402$48,037$39,300$32,002$18,644
19 years$66,163$54,126$43,975$35,511$28,524$16,017
20 years$62,196$50,297$40,358$32,162$25,478$13,781
21 years$58,611$46,849$37,122$29,189$22,800$11,874
22 years$55,357$43,732$34,214$26,539$20,437$10,242
23 years$52,390$40,902$31,590$24,170$18,346$8,843
24 years$49,675$38,322$29,216$22,044$16,489$7,642
25 years$47,180$35,964$27,059$20,132$14,838$6,609
26 years$44,881$33,800$25,096$18,408$13,365$5,719
27 years$42,756$31,810$23,304$16,849$12,050$4,951
28 years$40,787$29,974$21,664$15,437$10,873$4,289
29 years$38,956$28,277$20,160$14,156$9,818$3,716
30 years$37,251$26,705$18,779$12,992$8,871$3,222
31 years$35,659$25,245$17,507$11,932$8,020$2,794
32 years$34,169$23,887$16,334$10,966$7,255$2,423
33 years$32,773$22,621$15,251$10,084$6,566$2,102
34 years$31,461$21,440$14,250$9,278$5,945$1,824
35 years$30,227$20,335$13,323$8,541$5,384$1,583
36 years$29,065$19,301$12,463$7,866$4,878$1,374
37 years$27,967$18,332$11,665$7,248$4,421$1,193
38 years$26,930$17,422$10,924$6,680$4,008$1,035
39 years$25,949$16,566$10,235$6,160$3,635$899
40 years$25,019$15,761$9,593$5,681$3,297$781
41 years$24,137$15,003$8,995$5,242$2,991$678
42 years$23,299$14,289$8,438$4,838$2,714$589
43 years$22,502$13,614$7,918$4,466$2,463$511
44 years$21,743$12,977$7,432$4,123$2,236$444
45 years$21,020$12,375$6,978$3,808$2,030$386
46 years$20,331$11,805$6,554$3,517$1,843$335
47 years$19,673$11,266$6,158$3,250$1,674$291
48 years$19,044$10,755$5,786$3,003$1,520$253
49 years$18,443$10,270$5,439$2,775$1,380$220
50 years$17,867$9,810$5,113$2,565$1,254$191

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $18,300,000, adding $4,206 every year, while hoping to spend $51,844 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: 36/35/29 Blend
54$18,300,000$18,300,000$18,300,000$18,300,000
55$20,170,938$19,201,038$18,917,388$20,721,425
56$22,173,213$20,086,728$19,495,959$22,018,138
57$24,377,981$21,014,078$20,092,175$23,412,096
58$26,805,844$21,985,077$20,706,571$24,916,037
59$29,479,499$23,001,805$21,339,701$26,539,898
60$32,423,961$24,066,446$21,992,134$28,294,573
61$35,666,791$25,181,287$22,664,456$30,192,012
62$39,238,360$26,348,727$23,357,271$32,245,327
63$43,172,136$27,571,278$24,071,204$34,468,903
64$47,504,998$28,851,576$24,806,894$36,878,532
65$52,277,586$30,192,381$25,565,002$39,491,548
66$57,534,681$31,596,588$26,346,211$42,326,983
67$63,325,629$33,067,232$27,151,220$45,405,739
68$69,704,811$34,607,494$27,980,753$48,750,774
69$76,732,148$36,220,707$28,835,554$52,387,308
70$84,473,672$37,910,367$29,716,391$56,343,049
71$93,002,150$39,680,139$30,624,054$60,648,449
72$102,397,766$41,533,862$31,559,356$65,336,973
73$112,748,881$43,475,564$32,523,137$70,445,404
74$124,152,866$45,509,465$33,516,261$76,014,181
75$136,717,020$47,639,991$34,539,618$82,087,763
76$150,559,586$49,871,780$35,594,125$88,715,038
77$165,810,862$52,209,696$36,680,726$95,949,766
78$182,614,436$54,658,837$37,800,397$103,851,076
79$201,128,537$57,224,549$38,954,138$112,484,004
80$221,527,530$59,912,434$40,142,984$121,920,090
81$244,003,562$62,728,368$41,367,999$132,238,039
82$268,768,377$65,678,509$42,630,278$143,524,445
83$296,055,312$68,769,316$43,930,953$155,874,586
84$326,121,499$72,007,558$45,271,185$169,393,308
85$359,250,296$75,400,333$46,652,174$184,195,988
86$395,753,960$78,955,083$48,075,156$200,409,608
87$435,976,592$82,679,610$49,541,401$218,173,927
88$480,297,387$86,582,094$51,052,221$237,642,774
89$529,134,216$90,671,111$52,608,966$258,985,481
90$582,947,566$94,955,656$54,213,026$282,388,452
91$642,244,890$99,445,155$55,865,834$308,056,895
92$707,585,396$104,149,495$57,568,867$336,216,731
93$779,585,327$109,079,041$59,323,645$367,116,697
94$858,923,777$114,244,660$61,131,733$401,030,663
95$946,349,102$119,657,749$62,994,746$438,260,185
96$1,042,685,986$125,330,254$64,914,346$479,137,317
97$1,148,843,224$131,274,704$66,892,244$524,027,710
98$1,265,822,304$137,504,235$68,930,205$573,334,024
99$1,394,726,857$144,032,621$71,030,046$627,499,695
100$1,536,773,081$150,874,305$73,193,637$687,013,078