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%16.8%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,426,566
2 years$752,205$738,196$724,619$711,455$698,687$658,010
3 years$496,489$482,419$468,877$455,836$443,275$403,872
4 years$368,656$354,629$341,222$328,404$316,148$278,320
5 years$291,976$278,034$264,802$252,246$240,331$204,182
6 years$240,873$227,035$214,000$201,723$190,165$155,730
7 years$204,385$190,664$177,835$165,848$154,655$121,934
8 years$177,031$163,434$150,818$139,126$128,302$97,277
9 years$155,768$142,299$129,899$118,504$108,048$78,691
10 years$138,767$125,430$113,249$102,152$92,063$64,334
11 years$124,866$111,663$99,703$88,903$79,177$53,033
12 years$113,290$100,222$88,484$77,980$68,613$44,004
13 years$103,503$90,572$79,054$68,844$59,832$36,706
14 years$95,121$82,327$71,031$61,112$52,448$30,749
15 years$87,863$75,207$64,131$54,501$46,180$25,849
16 years$81,519$69,001$58,144$48,800$40,814$21,793
17 years$75,927$63,548$52,909$43,846$36,188$18,417
18 years$70,962$58,721$48,299$39,514$32,177$15,596
19 years$66,524$54,422$44,216$35,705$28,680$13,229
20 years$62,536$50,571$40,579$32,337$25,617$11,237
21 years$58,932$47,105$37,325$29,348$22,925$9,556
22 years$55,660$43,971$34,400$26,684$20,549$8,135
23 years$52,677$41,125$31,763$24,302$18,446$6,931
24 years$49,946$38,532$29,375$22,165$16,580$5,910
25 years$47,438$36,160$27,207$20,242$14,919$5,042
26 years$45,127$33,985$25,233$18,508$13,439$4,303
27 years$42,990$31,984$23,431$16,941$12,116$3,675
28 years$41,010$30,138$21,783$15,522$10,932$3,139
29 years$39,169$28,432$20,270$14,234$9,872$2,683
30 years$37,454$26,851$18,881$13,063$8,920$2,293
31 years$35,854$25,383$17,602$11,997$8,064$1,961
32 years$34,356$24,017$16,423$11,026$7,295$1,677
33 years$32,952$22,745$15,335$10,139$6,602$1,434
34 years$31,633$21,557$14,328$9,329$5,977$1,227
35 years$30,392$20,446$13,395$8,588$5,414$1,050
36 years$29,223$19,407$12,531$7,909$4,905$898
37 years$28,120$18,432$11,729$7,287$4,446$768
38 years$27,078$17,517$10,984$6,717$4,030$658
39 years$26,091$16,657$10,290$6,193$3,655$563
40 years$25,156$15,848$9,645$5,712$3,315$482
41 years$24,269$15,085$9,044$5,270$3,008$412
42 years$23,426$14,367$8,484$4,864$2,729$353
43 years$22,625$13,689$7,961$4,490$2,477$302
44 years$21,862$13,048$7,473$4,146$2,248$259
45 years$21,135$12,443$7,017$3,829$2,041$221
46 years$20,442$11,870$6,590$3,537$1,853$189
47 years$19,780$11,327$6,191$3,267$1,683$162
48 years$19,148$10,813$5,818$3,019$1,528$139
49 years$18,543$10,326$5,469$2,790$1,388$119
50 years$17,965$9,864$5,141$2,579$1,261$102

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 $4,479 every year, while hoping to spend $49,675 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: 57/28/15 Blend
54$18,400,000$18,400,000$18,400,000$18,400,000
55$20,281,420$19,306,220$19,021,020$21,358,573
56$22,297,271$20,199,371$19,605,370$22,982,153
57$24,517,074$21,134,622$20,207,632$24,744,696
58$26,961,580$22,113,982$20,828,351$26,664,204
59$29,653,653$23,139,560$21,468,094$28,755,748
60$32,618,491$24,213,563$22,127,440$31,035,894
61$35,883,858$25,338,308$22,806,990$33,522,853
62$39,480,347$26,516,222$23,507,360$36,236,653
63$43,441,674$27,749,848$24,229,188$39,199,317
64$47,804,987$29,041,852$24,973,128$42,435,065
65$52,611,224$30,395,032$25,739,856$45,970,536
66$57,905,497$31,812,316$26,530,069$49,835,037
67$63,737,515$33,296,777$27,344,484$54,060,806
68$70,162,057$34,851,635$28,183,839$58,683,312
69$77,239,487$36,480,265$29,048,898$63,741,582
70$85,036,323$38,186,206$29,940,445$69,278,559
71$93,625,866$39,973,168$30,859,288$75,341,502
72$103,088,891$41,845,041$31,806,261$81,982,422
73$113,514,411$43,805,900$32,782,223$89,258,560
74$125,000,512$45,860,021$33,788,059$97,232,923
75$137,655,287$48,011,884$34,824,682$105,974,864
76$151,597,847$50,266,188$35,893,029$115,560,729
77$166,959,453$52,627,856$36,994,071$126,074,564
78$183,884,749$55,102,053$38,128,804$137,608,899
79$202,533,131$57,694,191$39,298,257$150,265,604
80$223,080,251$60,409,947$40,503,489$164,156,846
81$245,719,672$63,255,270$41,745,592$179,406,127
82$270,664,699$66,236,399$43,025,689$196,149,438
83$298,150,390$69,359,874$44,344,942$214,536,531
84$328,435,775$72,632,553$45,704,542$234,732,312
85$361,806,301$76,061,625$47,105,722$256,918,384
86$398,576,529$79,654,630$48,549,749$281,294,747
87$439,093,098$83,419,471$50,037,929$308,081,664
88$483,738,004$87,364,434$51,571,609$337,521,723
89$532,932,197$91,498,209$53,152,175$369,882,109
90$587,139,566$95,829,905$54,781,057$405,457,105
91$646,871,307$100,369,076$56,459,728$444,570,849
92$712,690,756$105,125,736$58,189,705$487,580,373
93$785,218,704$110,110,388$59,972,551$534,878,947
94$865,139,258$115,334,043$61,809,877$586,899,770
95$953,206,298$120,808,247$63,703,344$644,120,034
96$1,050,250,595$126,545,106$65,654,661$707,065,402
97$1,157,187,654$132,557,315$67,665,590$776,314,939
98$1,275,026,356$138,858,184$69,737,948$852,506,556
99$1,404,878,480$145,461,671$71,873,605$936,342,996
100$1,547,969,203$152,382,411$74,074,489$1,028,598,441