Can I retire at age 55 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,430,611
2 years$752,205$738,196$724,619$711,455$698,687$662,013
3 years$496,489$482,419$468,877$455,836$443,275$407,707
4 years$368,656$354,629$341,222$328,404$316,148$281,957
5 years$291,976$278,034$264,802$252,246$240,331$207,613
6 years$240,873$227,035$214,000$201,723$190,165$158,954
7 years$204,385$190,664$177,835$165,848$154,655$124,953
8 years$177,031$163,434$150,818$139,126$128,302$100,095
9 years$155,768$142,299$129,899$118,504$108,048$81,314
10 years$138,767$125,430$113,249$102,152$92,063$66,769
11 years$124,866$111,663$99,703$88,903$79,177$55,288
12 years$113,290$100,222$88,484$77,980$68,613$46,087
13 years$103,503$90,572$79,054$68,844$59,832$38,624
14 years$95,121$82,327$71,031$61,112$52,448$32,512
15 years$87,863$75,207$64,131$54,501$46,180$27,466
16 years$81,519$69,001$58,144$48,800$40,814$23,272
17 years$75,927$63,548$52,909$43,846$36,188$19,768
18 years$70,962$58,721$48,299$39,514$32,177$16,826
19 years$66,524$54,422$44,216$35,705$28,680$14,348
20 years$62,536$50,571$40,579$32,337$25,617$12,252
21 years$58,932$47,105$37,325$29,348$22,925$10,476
22 years$55,660$43,971$34,400$26,684$20,549$8,967
23 years$52,677$41,125$31,763$24,302$18,446$7,682
24 years$49,946$38,532$29,375$22,165$16,580$6,586
25 years$47,438$36,160$27,207$20,242$14,919$5,650
26 years$45,127$33,985$25,233$18,508$13,439$4,850
27 years$42,990$31,984$23,431$16,941$12,116$4,165
28 years$41,010$30,138$21,783$15,522$10,932$3,579
29 years$39,169$28,432$20,270$14,234$9,872$3,076
30 years$37,454$26,851$18,881$13,063$8,920$2,644
31 years$35,854$25,383$17,602$11,997$8,064$2,274
32 years$34,356$24,017$16,423$11,026$7,295$1,956
33 years$32,952$22,745$15,335$10,139$6,602$1,683
34 years$31,633$21,557$14,328$9,329$5,977$1,448
35 years$30,392$20,446$13,395$8,588$5,414$1,246
36 years$29,223$19,407$12,531$7,909$4,905$1,073
37 years$28,120$18,432$11,729$7,287$4,446$923
38 years$27,078$17,517$10,984$6,717$4,030$795
39 years$26,091$16,657$10,290$6,193$3,655$684
40 years$25,156$15,848$9,645$5,712$3,315$589
41 years$24,269$15,085$9,044$5,270$3,008$507
42 years$23,426$14,367$8,484$4,864$2,729$437
43 years$22,625$13,689$7,961$4,490$2,477$376
44 years$21,862$13,048$7,473$4,146$2,248$324
45 years$21,135$12,443$7,017$3,829$2,041$279
46 years$20,442$11,870$6,590$3,537$1,853$240
47 years$19,780$11,327$6,191$3,267$1,683$207
48 years$19,148$10,813$5,818$3,019$1,528$178
49 years$18,543$10,326$5,469$2,790$1,388$153
50 years$17,965$9,864$5,141$2,579$1,261$132

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $18,400,000, adding $6,534 every year, while hoping to spend $35,442 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: 69/12/19 Blend
54$18,400,000$18,400,000$18,400,000$18,400,000
55$20,283,540$19,308,340$19,023,140$21,588,654
56$22,314,751$20,216,738$19,622,705$23,368,902
57$24,551,958$21,168,461$20,241,168$25,311,374
58$27,016,134$22,165,592$20,879,124$27,435,977
59$29,730,393$23,210,319$21,537,187$29,760,680
60$32,720,202$24,304,934$22,215,992$32,305,263
61$36,013,627$25,451,840$22,916,193$35,091,496
62$39,641,595$26,653,558$23,638,462$38,143,345
63$43,638,184$27,912,729$24,383,497$41,487,193
64$48,040,949$29,232,123$25,152,015$45,152,085
65$52,891,274$30,614,646$25,944,756$49,170,000
66$58,234,762$32,063,341$26,762,484$53,576,146
67$64,121,666$33,581,403$27,605,985$58,409,291
68$70,607,364$35,172,179$28,476,073$63,712,126
69$77,752,879$36,839,180$29,373,585$69,531,657
70$85,625,458$38,586,086$30,299,386$75,919,652
71$94,299,208$40,416,757$31,254,368$82,933,118
72$103,855,788$42,335,239$32,239,451$90,634,841
73$114,385,188$44,345,775$33,255,582$99,093,967
74$125,986,575$46,452,816$34,303,742$108,386,651
75$138,769,227$48,661,025$35,384,938$118,596,775
76$152,853,568$50,975,295$36,500,214$129,816,724
77$168,372,303$53,400,756$37,650,642$142,148,264
78$185,471,671$55,942,786$38,837,332$155,703,484
79$204,312,824$58,607,026$40,061,425$170,605,858
80$225,073,351$61,399,389$41,324,102$186,991,396
81$247,948,951$64,326,077$42,626,577$205,009,923
82$273,155,283$67,393,593$43,970,107$224,826,488
83$300,930,000$70,608,758$45,355,983$246,622,910
84$331,534,994$73,978,721$46,785,543$270,599,489
85$365,258,867$77,510,982$48,260,162$296,976,885
86$402,419,655$81,213,403$49,781,261$325,998,198
87$443,367,831$85,094,231$51,350,304$357,931,245
88$488,489,614$89,162,113$52,968,804$393,071,085
89$538,210,615$93,426,117$54,638,319$431,742,791
90$592,999,852$97,895,751$56,360,457$474,304,509
91$653,374,181$102,580,987$58,136,877$521,150,828
92$719,903,175$107,492,283$59,969,290$572,716,491
93$793,214,498$112,640,604$61,859,460$629,480,488
94$873,999,835$118,037,451$63,809,210$691,970,569
95$963,021,415$123,694,883$65,820,415$760,768,205
96$1,061,119,215$129,625,548$67,895,015$836,514,070
97$1,169,218,883$135,842,708$70,035,006$919,914,071
98$1,288,340,481$142,360,273$72,242,451$1,011,745,997
99$1,419,608,112$149,192,828$74,519,475$1,112,866,849
100$1,564,260,534$156,355,671$76,868,271$1,224,220,911