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%12%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,454,948
2 years$752,205$738,196$724,619$711,455$698,687$686,296
3 years$496,489$482,419$468,877$455,836$443,275$431,172
4 years$368,656$354,629$341,222$328,404$316,148$304,425
5 years$291,976$278,034$264,802$252,246$240,331$229,023
6 years$240,873$227,035$214,000$201,723$190,165$179,287
7 years$204,385$190,664$177,835$165,848$154,655$144,211
8 years$177,031$163,434$150,818$139,126$128,302$118,291
9 years$155,768$142,299$129,899$118,504$108,048$98,469
10 years$138,767$125,430$113,249$102,152$92,063$82,909
11 years$124,866$111,663$99,703$88,903$79,177$70,442
12 years$113,290$100,222$88,484$77,980$68,613$60,288
13 years$103,503$90,572$79,054$68,844$59,832$51,908
14 years$95,121$82,327$71,031$61,112$52,448$44,916
15 years$87,863$75,207$64,131$54,501$46,180$39,028
16 years$81,519$69,001$58,144$48,800$40,814$34,031
17 years$75,927$63,548$52,909$43,846$36,188$29,763
18 years$70,962$58,721$48,299$39,514$32,177$26,098
19 years$66,524$54,422$44,216$35,705$28,680$22,934
20 years$62,536$50,571$40,579$32,337$25,617$20,193
21 years$58,932$47,105$37,325$29,348$22,925$17,809
22 years$55,660$43,971$34,400$26,684$20,549$15,729
23 years$52,677$41,125$31,763$24,302$18,446$13,909
24 years$49,946$38,532$29,375$22,165$16,580$12,314
25 years$47,438$36,160$27,207$20,242$14,919$10,912
26 years$45,127$33,985$25,233$18,508$13,439$9,678
27 years$42,990$31,984$23,431$16,941$12,116$8,590
28 years$41,010$30,138$21,783$15,522$10,932$7,630
29 years$39,169$28,432$20,270$14,234$9,872$6,780
30 years$37,454$26,851$18,881$13,063$8,920$6,029
31 years$35,854$25,383$17,602$11,997$8,064$5,363
32 years$34,356$24,017$16,423$11,026$7,295$4,773
33 years$32,952$22,745$15,335$10,139$6,602$4,249
34 years$31,633$21,557$14,328$9,329$5,977$3,784
35 years$30,392$20,446$13,395$8,588$5,414$3,371
36 years$29,223$19,407$12,531$7,909$4,905$3,003
37 years$28,120$18,432$11,729$7,287$4,446$2,677
38 years$27,078$17,517$10,984$6,717$4,030$2,386
39 years$26,091$16,657$10,290$6,193$3,655$2,127
40 years$25,156$15,848$9,645$5,712$3,315$1,897
41 years$24,269$15,085$9,044$5,270$3,008$1,692
42 years$23,426$14,367$8,484$4,864$2,729$1,509
43 years$22,625$13,689$7,961$4,490$2,477$1,346
44 years$21,862$13,048$7,473$4,146$2,248$1,201
45 years$21,135$12,443$7,017$3,829$2,041$1,071
46 years$20,442$11,870$6,590$3,537$1,853$956
47 years$19,780$11,327$6,191$3,267$1,683$853
48 years$19,148$10,813$5,818$3,019$1,528$761
49 years$18,543$10,326$5,469$2,790$1,388$679
50 years$17,965$9,864$5,141$2,579$1,261$606

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 $2,136 every year, while hoping to spend $37,019 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: 59/34/7 Blend
54$18,400,000$18,400,000$18,400,000$18,400,000
55$20,279,003$19,303,803$19,018,603$21,445,623
56$22,308,074$20,210,302$19,616,339$23,134,733
57$24,542,869$21,159,978$20,232,857$24,971,163
58$27,004,333$22,154,908$20,868,750$26,972,515
59$29,715,546$23,197,270$21,524,624$29,154,614
60$32,701,941$24,289,346$22,201,109$31,534,857
61$35,991,545$25,433,529$22,898,851$34,132,365
62$39,615,239$26,632,329$23,618,519$36,968,161
63$43,607,055$27,888,374$24,360,801$40,065,360
64$48,004,495$29,204,425$25,126,408$43,449,380
65$52,848,883$30,583,372$25,916,073$47,148,174
66$58,185,759$32,028,247$26,730,551$51,192,486
67$64,065,305$33,542,230$27,570,623$55,616,135
68$70,542,819$35,128,652$28,437,092$60,456,321
69$77,679,239$36,791,008$29,330,787$65,753,972
70$85,541,717$38,532,964$30,252,564$71,554,117
71$94,204,253$40,358,360$31,203,306$77,906,304
72$103,748,392$42,271,224$32,183,922$84,865,053
73$114,263,995$44,275,781$33,195,350$92,490,366
74$125,850,088$46,376,460$34,238,559$100,848,277
75$138,615,793$48,577,903$35,314,548$110,011,465
76$152,681,364$50,884,980$36,424,345$120,059,925
77$168,179,316$53,302,797$37,569,014$131,081,716
78$185,255,680$55,836,708$38,749,649$143,173,772
79$204,071,378$58,492,325$39,967,381$156,442,806
80$224,803,745$61,275,535$41,223,375$171,006,302
81$247,648,202$64,192,511$42,518,833$186,993,606
82$272,820,099$67,249,725$43,854,994$204,547,134
83$300,556,751$70,453,964$45,233,139$223,823,696
84$331,119,675$73,812,343$46,654,584$244,995,959
85$364,797,061$77,332,327$48,120,691$268,254,059
86$401,906,490$81,021,740$49,632,863$293,807,373
87$442,797,935$84,888,788$51,192,547$321,886,479
88$487,857,062$88,942,076$52,801,235$352,745,305
89$537,508,873$93,190,629$54,460,467$386,663,511
90$592,221,716$97,643,907$56,171,831$423,949,095
91$652,511,707$102,311,835$57,936,964$464,941,286
92$718,947,604$107,204,818$59,757,555$510,013,710
93$792,156,173$112,333,768$61,635,346$559,577,897
94$872,828,108$117,710,127$63,572,135$614,087,134
95$961,724,548$123,345,896$65,569,775$674,040,714
96$1,059,684,265$129,253,659$67,630,176$739,988,615
97$1,167,631,585$135,446,612$69,755,311$812,536,664
98$1,286,585,105$141,938,596$71,947,213$892,352,218
99$1,417,667,321$148,744,122$74,207,980$980,170,429
100$1,562,115,214$155,878,410$76,539,774$1,076,801,142