Can I retire at age 55 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,455,029
2 years$760,381$746,220$732,495$719,188$706,281$678,019
3 years$501,886$487,663$473,973$460,791$448,094$420,612
4 years$372,663$358,484$344,931$331,974$319,584$293,094
5 years$295,150$281,056$267,681$254,988$242,943$217,520
6 years$243,491$229,503$216,326$203,916$192,232$167,905
7 years$206,606$192,736$179,768$167,650$156,336$133,110
8 years$178,956$165,211$152,457$140,638$129,696$107,565
9 years$157,461$143,846$131,311$119,792$109,223$88,174
10 years$140,275$126,793$114,480$103,262$93,063$73,076
11 years$126,223$112,876$100,787$89,869$80,038$61,089
12 years$114,521$101,312$89,446$78,827$69,359$51,422
13 years$104,628$91,556$79,914$69,593$60,482$43,529
14 years$96,155$83,222$71,803$61,776$53,018$37,017
15 years$88,818$76,025$64,828$55,094$46,682$31,600
16 years$82,405$69,751$58,776$49,330$41,257$27,061
17 years$76,752$64,238$53,484$44,323$36,582$23,236
18 years$71,733$59,359$48,824$39,944$32,527$19,997
19 years$67,248$55,013$44,696$36,093$28,992$17,243
20 years$63,216$51,121$41,020$32,689$25,896$14,892
21 years$59,572$47,617$37,730$29,667$23,174$12,880
22 years$56,265$44,449$34,774$26,974$20,772$11,153
23 years$53,249$41,572$32,108$24,566$18,646$9,667
24 years$50,489$38,951$29,694$22,406$16,760$8,387
25 years$47,954$36,553$27,503$20,462$15,081$7,282
26 years$45,617$34,354$25,508$18,710$13,585$6,327
27 years$43,457$32,331$23,686$17,125$12,248$5,500
28 years$41,455$30,466$22,019$15,690$11,051$4,783
29 years$39,595$28,741$20,491$14,388$9,979$4,162
30 years$37,862$27,143$19,086$13,205$9,017$3,623
31 years$36,243$25,659$17,794$12,128$8,152$3,154
32 years$34,729$24,278$16,602$11,146$7,374$2,747
33 years$33,310$22,992$15,501$10,249$6,673$2,393
34 years$31,977$21,791$14,483$9,430$6,042$2,085
35 years$30,723$20,669$13,541$8,681$5,473$1,817
36 years$29,541$19,618$12,667$7,995$4,958$1,584
37 years$28,426$18,632$11,856$7,366$4,494$1,381
38 years$27,372$17,707$11,103$6,790$4,074$1,204
39 years$26,374$16,838$10,402$6,261$3,695$1,050
40 years$25,429$16,020$9,750$5,774$3,351$916
41 years$24,532$15,249$9,142$5,328$3,040$799
42 years$23,681$14,523$8,576$4,917$2,759$696
43 years$22,871$13,837$8,047$4,539$2,504$607
44 years$22,099$13,190$7,554$4,191$2,273$530
45 years$21,365$12,578$7,093$3,870$2,063$462
46 years$20,664$11,999$6,662$3,575$1,873$403
47 years$19,995$11,450$6,259$3,303$1,701$352
48 years$19,356$10,931$5,881$3,052$1,545$307
49 years$18,745$10,439$5,528$2,821$1,403$268
50 years$18,160$9,971$5,197$2,607$1,274$234

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $18,600,000, adding $4,665 every year, while hoping to spend $33,865 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: 53/19/28 Blend
54$18,600,000$18,600,000$18,600,000$18,600,000
55$20,502,012$19,516,212$19,227,912$21,428,004
56$22,557,185$20,436,474$19,836,015$22,990,711
57$24,820,851$21,400,694$20,463,354$24,686,628
58$27,314,240$22,410,991$21,110,539$26,531,646
59$30,060,747$23,469,584$21,778,196$28,540,054
60$33,086,152$24,578,802$22,466,975$30,727,559
61$36,418,863$25,741,087$23,177,542$33,111,435
62$40,090,186$26,958,999$23,910,588$35,710,675
63$44,134,616$28,235,221$24,666,824$38,546,168
64$48,590,168$29,572,568$25,446,984$41,640,890
65$53,498,731$30,973,990$26,251,825$45,020,113
66$58,906,468$32,442,582$27,082,127$48,711,643
67$64,864,246$33,981,587$27,938,696$52,746,069
68$71,428,121$35,594,406$28,822,364$57,157,048
69$78,659,864$37,284,607$29,733,989$61,981,620
70$86,627,547$39,055,930$30,674,454$67,260,542
71$95,406,181$40,912,294$31,644,672$73,038,673
72$105,078,428$42,857,814$32,645,586$79,365,383
73$115,735,381$44,896,799$33,678,166$86,295,016
74$127,477,419$47,033,772$34,743,414$93,887,393
75$140,415,162$49,273,473$35,842,364$102,208,364
76$154,670,509$51,620,873$36,976,084$111,330,427
77$170,377,790$54,081,186$38,145,672$121,333,396
78$187,685,037$56,659,877$39,352,265$132,305,148
79$206,755,378$59,362,678$40,597,033$144,342,440
80$227,768,578$62,195,600$41,881,184$157,551,816
81$250,922,734$65,164,946$43,205,965$172,050,592
82$276,436,150$68,277,325$44,572,662$187,967,960
83$304,549,392$71,539,669$45,982,601$205,446,191
84$335,527,563$74,959,245$47,437,151$224,641,965
85$369,662,802$78,543,676$48,937,723$245,727,838
86$407,277,046$82,300,954$50,485,775$268,893,855
87$448,725,064$86,239,461$52,082,808$294,349,327
88$494,397,812$90,367,985$53,730,374$322,324,797
89$544,726,119$94,695,746$55,430,070$353,074,194
90$600,184,753$99,232,408$57,183,548$386,877,218
91$661,296,911$103,988,109$58,992,510$424,041,958
92$728,639,148$108,973,478$60,858,711$464,907,784
93$802,846,826$114,199,664$62,783,964$509,848,534
94$884,620,113$119,678,358$64,770,136$559,276,017
95$974,730,586$125,421,819$66,819,157$613,643,883
96$1,074,028,522$131,442,905$68,933,016$673,451,884
97$1,183,450,924$137,755,100$71,113,765$739,250,566
98$1,304,030,363$144,372,544$73,363,520$811,646,445
99$1,436,904,729$151,310,068$75,684,468$891,307,704
100$1,583,327,974$158,583,224$78,078,859$978,970,480