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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.3%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,459,219
2 years$752,205$738,196$724,619$711,455$698,687$690,591
3 years$496,489$482,419$468,877$455,836$443,275$435,358
4 years$368,656$354,629$341,222$328,404$316,148$308,469
5 years$291,976$278,034$264,802$252,246$240,331$232,913
6 years$240,873$227,035$214,000$201,723$190,165$183,020
7 years$204,385$190,664$177,835$165,848$154,655$147,784
8 years$177,031$163,434$150,818$139,126$128,302$121,706
9 years$155,768$142,299$129,899$118,504$108,048$101,726
10 years$138,767$125,430$113,249$102,152$92,063$86,011
11 years$124,866$111,663$99,703$88,903$79,177$73,392
12 years$113,290$100,222$88,484$77,980$68,613$63,089
13 years$103,503$90,572$79,054$68,844$59,832$54,565
14 years$95,121$82,327$71,031$61,112$52,448$47,431
15 years$87,863$75,207$64,131$54,501$46,180$41,406
16 years$81,519$69,001$58,144$48,800$40,814$36,278
17 years$75,927$63,548$52,909$43,846$36,188$31,882
18 years$70,962$58,721$48,299$39,514$32,177$28,094
19 years$66,524$54,422$44,216$35,705$28,680$24,812
20 years$62,536$50,571$40,579$32,337$25,617$21,958
21 years$58,932$47,105$37,325$29,348$22,925$19,465
22 years$55,660$43,971$34,400$26,684$20,549$17,282
23 years$52,677$41,125$31,763$24,302$18,446$15,364
24 years$49,946$38,532$29,375$22,165$16,580$13,675
25 years$47,438$36,160$27,207$20,242$14,919$12,184
26 years$45,127$33,985$25,233$18,508$13,439$10,865
27 years$42,990$31,984$23,431$16,941$12,116$9,697
28 years$41,010$30,138$21,783$15,522$10,932$8,661
29 years$39,169$28,432$20,270$14,234$9,872$7,740
30 years$37,454$26,851$18,881$13,063$8,920$6,922
31 years$35,854$25,383$17,602$11,997$8,064$6,192
32 years$34,356$24,017$16,423$11,026$7,295$5,543
33 years$32,952$22,745$15,335$10,139$6,602$4,963
34 years$31,633$21,557$14,328$9,329$5,977$4,445
35 years$30,392$20,446$13,395$8,588$5,414$3,983
36 years$29,223$19,407$12,531$7,909$4,905$3,570
37 years$28,120$18,432$11,729$7,287$4,446$3,201
38 years$27,078$17,517$10,984$6,717$4,030$2,870
39 years$26,091$16,657$10,290$6,193$3,655$2,574
40 years$25,156$15,848$9,645$5,712$3,315$2,309
41 years$24,269$15,085$9,044$5,270$3,008$2,072
42 years$23,426$14,367$8,484$4,864$2,729$1,859
43 years$22,625$13,689$7,961$4,490$2,477$1,668
44 years$21,862$13,048$7,473$4,146$2,248$1,497
45 years$21,135$12,443$7,017$3,829$2,041$1,344
46 years$20,442$11,870$6,590$3,537$1,853$1,207
47 years$19,780$11,327$6,191$3,267$1,683$1,083
48 years$19,148$10,813$5,818$3,019$1,528$973
49 years$18,543$10,326$5,469$2,790$1,388$873
50 years$17,965$9,864$5,141$2,579$1,261$784

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 $5,659 every year, while hoping to spend $34,416 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: 69/10/21 Blend
54$18,400,000$18,400,000$18,400,000$18,400,000
55$20,282,637$19,307,437$19,022,237$21,575,873
56$22,314,848$20,216,883$19,622,864$23,350,378
57$24,553,191$21,169,739$20,242,458$25,286,892
58$27,018,654$22,168,094$20,881,619$27,405,127
59$29,734,368$23,214,142$21,540,964$29,723,034
60$32,725,819$24,310,180$22,221,131$32,260,372
61$36,021,092$25,458,618$22,922,779$35,038,892
62$39,651,135$26,661,983$23,646,584$38,082,539
63$43,650,054$27,922,923$24,393,247$41,417,676
64$48,055,429$29,244,216$25,163,491$45,073,327
65$52,908,674$30,628,774$25,958,059$49,081,448
66$58,255,426$32,079,650$26,777,721$53,477,229
67$64,145,973$33,600,047$27,623,268$58,299,416
68$70,635,734$35,193,321$28,495,519$63,590,677
69$77,785,776$36,862,991$29,395,317$69,398,000
70$85,663,397$38,612,749$30,323,531$75,773,132
71$94,342,754$40,446,464$31,281,060$82,773,062
72$103,905,569$42,368,195$32,268,830$90,460,556
73$114,441,896$44,382,196$33,287,795$98,904,745
74$126,050,975$46,492,929$34,338,941$108,181,768
75$138,842,163$48,705,072$35,423,285$118,375,493
76$152,935,974$51,023,530$36,541,875$129,578,295
77$168,465,209$53,453,448$37,695,793$141,891,930
78$185,576,213$56,000,220$38,886,155$155,428,484
79$204,430,257$58,669,501$40,114,112$170,311,427
80$225,205,060$61,467,224$41,380,851$186,676,773
81$248,096,464$64,399,606$42,687,598$204,674,356
82$273,320,288$67,473,171$44,035,617$224,469,237
83$301,114,358$70,694,757$45,426,210$246,243,257
84$331,740,758$74,071,535$46,860,724$270,196,742
85$365,488,302$77,611,027$48,340,545$296,550,391
86$402,675,260$81,321,119$49,867,104$325,547,349
87$443,652,363$85,210,080$51,441,879$357,455,493
88$488,806,113$89,286,584$53,066,392$392,569,951
89$538,562,435$93,559,724$54,742,213$431,215,884
90$593,390,691$98,039,039$56,470,965$473,751,537
91$653,808,118$102,734,528$58,254,320$520,571,620
92$720,384,708$107,656,682$60,094,001$572,111,018
93$793,748,587$112,816,498$61,991,789$628,848,885
94$874,591,947$118,225,511$63,949,518$691,313,160
95$963,677,582$123,895,817$65,969,083$760,085,535
96$1,061,846,086$129,840,102$68,052,438$835,806,936
97$1,170,023,788$136,071,669$70,201,596$919,183,560
98$1,289,231,503$142,604,469$72,418,638$1,010,993,527
99$1,420,594,160$149,453,132$74,705,706$1,112,094,212
100$1,565,351,432$156,633,003$77,065,015$1,223,430,328