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%12.9%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,441,630
2 years$748,117$734,184$720,681$707,589$694,889$677,140
3 years$493,791$479,798$466,328$453,359$440,866$423,555
4 years$366,652$352,702$339,368$326,620$314,430$297,691
5 years$290,389$276,523$263,363$250,875$239,024$222,907
6 years$239,564$225,802$212,837$200,627$189,132$173,654
7 years$203,274$189,628$176,868$164,946$153,815$138,984
8 years$176,069$162,546$149,998$138,369$127,604$113,419
9 years$154,921$141,526$129,193$117,860$107,461$93,915
10 years$138,012$124,748$112,634$101,597$91,562$78,646
11 years$124,187$111,056$99,161$88,419$78,747$66,449
12 years$112,674$99,678$88,003$77,556$68,240$56,548
13 years$102,940$90,079$78,625$68,470$59,507$48,405
14 years$94,604$81,880$70,645$60,780$52,163$41,636
15 years$87,386$74,799$63,783$54,205$45,929$35,959
16 years$81,076$68,626$57,828$48,535$40,592$31,162
17 years$75,514$63,202$52,621$43,608$35,992$27,083
18 years$70,576$58,402$48,037$39,300$32,002$23,596
19 years$66,163$54,126$43,975$35,511$28,524$20,601
20 years$62,196$50,297$40,358$32,162$25,478$18,019
21 years$58,611$46,849$37,122$29,189$22,800$15,785
22 years$55,357$43,732$34,214$26,539$20,437$13,847
23 years$52,390$40,902$31,590$24,170$18,346$12,162
24 years$49,675$38,322$29,216$22,044$16,489$10,692
25 years$47,180$35,964$27,059$20,132$14,838$9,409
26 years$44,881$33,800$25,096$18,408$13,365$8,286
27 years$42,756$31,810$23,304$16,849$12,050$7,302
28 years$40,787$29,974$21,664$15,437$10,873$6,439
29 years$38,956$28,277$20,160$14,156$9,818$5,680
30 years$37,251$26,705$18,779$12,992$8,871$5,014
31 years$35,659$25,245$17,507$11,932$8,020$4,427
32 years$34,169$23,887$16,334$10,966$7,255$3,911
33 years$32,773$22,621$15,251$10,084$6,566$3,456
34 years$31,461$21,440$14,250$9,278$5,945$3,054
35 years$30,227$20,335$13,323$8,541$5,384$2,700
36 years$29,065$19,301$12,463$7,866$4,878$2,388
37 years$27,967$18,332$11,665$7,248$4,421$2,112
38 years$26,930$17,422$10,924$6,680$4,008$1,868
39 years$25,949$16,566$10,235$6,160$3,635$1,653
40 years$25,019$15,761$9,593$5,681$3,297$1,462
41 years$24,137$15,003$8,995$5,242$2,991$1,294
42 years$23,299$14,289$8,438$4,838$2,714$1,145
43 years$22,502$13,614$7,918$4,466$2,463$1,014
44 years$21,743$12,977$7,432$4,123$2,236$897
45 years$21,020$12,375$6,978$3,808$2,030$794
46 years$20,331$11,805$6,554$3,517$1,843$703
47 years$19,673$11,266$6,158$3,250$1,674$623
48 years$19,044$10,755$5,786$3,003$1,520$551
49 years$18,443$10,270$5,439$2,775$1,380$488
50 years$17,867$9,810$5,113$2,565$1,254$432

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 $3,740 every year, while hoping to spend $31,778 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: 65/27/8 Blend
54$18,300,000$18,300,000$18,300,000$18,300,000
55$20,170,458$19,200,558$18,916,908$21,450,006
56$22,194,033$20,107,574$19,516,813$23,209,084
57$24,422,948$21,057,968$20,135,749$25,126,097
58$26,878,113$22,053,833$20,774,322$27,219,678
59$29,582,572$23,097,363$21,433,153$29,507,006
60$32,561,717$24,190,856$22,112,886$32,006,974
61$35,843,529$25,336,725$22,814,185$34,740,363
62$39,458,843$26,537,498$23,537,733$37,730,032
63$43,441,635$27,795,825$24,284,238$41,001,129
64$47,829,348$29,114,488$25,054,427$44,581,321
65$52,663,244$30,496,400$25,849,052$48,501,051
66$57,988,789$31,944,617$26,668,889$52,793,818
67$63,856,087$33,462,345$27,514,739$57,496,484
68$70,320,352$35,052,944$28,387,426$62,649,618
69$77,442,426$36,719,936$29,287,803$68,297,873
70$85,289,357$38,467,017$30,216,749$74,490,392
71$93,935,032$40,298,062$31,175,170$81,281,273
72$103,460,870$42,217,131$32,164,002$88,730,064
73$113,956,593$44,228,485$33,184,211$96,902,322
74$125,521,076$46,336,591$34,236,793$105,870,215
75$138,263,275$48,546,133$35,322,774$115,713,203
76$152,303,258$50,862,023$36,443,216$126,518,768
77$167,773,339$53,289,411$37,599,213$138,383,237
78$184,819,325$55,833,698$38,791,892$151,412,674
79$203,601,895$58,500,547$40,022,419$165,723,874
80$224,298,114$61,295,899$41,291,996$181,445,450
81$247,103,105$64,225,982$42,601,861$198,719,036
82$272,231,892$67,297,325$43,953,293$217,700,609
83$299,921,430$70,516,779$45,347,614$238,561,950
84$330,432,840$73,891,526$46,786,183$261,492,246
85$364,053,876$77,429,097$48,270,407$286,699,864
86$401,101,639$81,137,391$49,801,733$314,414,303
87$441,925,574$85,024,691$51,381,659$344,888,338
88$486,910,765$89,099,682$53,011,727$378,400,393
89$536,481,571$93,371,475$54,693,528$415,257,149
90$591,105,637$97,849,623$56,428,706$455,796,420
91$651,298,299$102,544,142$58,218,955$500,390,322
92$717,627,460$107,465,539$60,066,024$549,448,762
93$790,718,942$112,624,831$61,971,717$603,423,287
94$871,262,399$118,033,574$63,937,896$662,811,324
95$960,017,829$123,703,883$65,966,480$728,160,847
96$1,057,822,742$129,648,468$68,059,452$800,075,532
97$1,165,600,074$135,880,655$70,218,855$879,220,419
98$1,284,366,895$142,414,421$72,446,801$966,328,171
99$1,415,244,014$149,264,423$74,745,464$1,062,205,953
100$1,559,466,557$156,446,034$77,117,091$1,167,743,026