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

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,432,847
2 years$760,381$746,220$732,495$719,188$706,281$656,065
3 years$501,886$487,663$473,973$460,791$448,094$399,583
4 years$372,663$358,484$344,931$331,974$319,584$273,149
5 years$295,150$281,056$267,681$254,988$242,943$198,707
6 years$243,491$229,503$216,326$203,916$192,232$150,231
7 years$206,606$192,736$179,768$167,650$156,336$116,562
8 years$178,956$165,211$152,457$140,638$129,696$92,118
9 years$157,461$143,846$131,311$119,792$109,223$73,796
10 years$140,275$126,793$114,480$103,262$93,063$59,729
11 years$126,223$112,876$100,787$89,869$80,038$48,731
12 years$114,521$101,312$89,446$78,827$69,359$40,009
13 years$104,628$91,556$79,914$69,593$60,482$33,013
14 years$96,155$83,222$71,803$61,776$53,018$27,350
15 years$88,818$76,025$64,828$55,094$46,682$22,733
16 years$82,405$69,751$58,776$49,330$41,257$18,947
17 years$76,752$64,238$53,484$44,323$36,582$15,825
18 years$71,733$59,359$48,824$39,944$32,527$13,243
19 years$67,248$55,013$44,696$36,093$28,992$11,098
20 years$63,216$51,121$41,020$32,689$25,896$9,312
21 years$59,572$47,617$37,730$29,667$23,174$7,822
22 years$56,265$44,449$34,774$26,974$20,772$6,576
23 years$53,249$41,572$32,108$24,566$18,646$5,533
24 years$50,489$38,951$29,694$22,406$16,760$4,658
25 years$47,954$36,553$27,503$20,462$15,081$3,923
26 years$45,617$34,354$25,508$18,710$13,585$3,306
27 years$43,457$32,331$23,686$17,125$12,248$2,787
28 years$41,455$30,466$22,019$15,690$11,051$2,350
29 years$39,595$28,741$20,491$14,388$9,979$1,982
30 years$37,862$27,143$19,086$13,205$9,017$1,672
31 years$36,243$25,659$17,794$12,128$8,152$1,411
32 years$34,729$24,278$16,602$11,146$7,374$1,190
33 years$33,310$22,992$15,501$10,249$6,673$1,005
34 years$31,977$21,791$14,483$9,430$6,042$848
35 years$30,723$20,669$13,541$8,681$5,473$716
36 years$29,541$19,618$12,667$7,995$4,958$604
37 years$28,426$18,632$11,856$7,366$4,494$510
38 years$27,372$17,707$11,103$6,790$4,074$431
39 years$26,374$16,838$10,402$6,261$3,695$364
40 years$25,429$16,020$9,750$5,774$3,351$307
41 years$24,532$15,249$9,142$5,328$3,040$259
42 years$23,681$14,523$8,576$4,917$2,759$219
43 years$22,871$13,837$8,047$4,539$2,504$185
44 years$22,099$13,190$7,554$4,191$2,273$156
45 years$21,365$12,578$7,093$3,870$2,063$132
46 years$20,664$11,999$6,662$3,575$1,873$111
47 years$19,995$11,450$6,259$3,303$1,701$94
48 years$19,356$10,931$5,881$3,052$1,545$79
49 years$18,745$10,439$5,528$2,821$1,403$67
50 years$18,160$9,971$5,197$2,607$1,274$57

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 $5,427 every year, while hoping to spend $49,670 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: 49/39/12 Blend
54$18,600,000$18,600,000$18,600,000$18,600,000
55$20,502,798$19,516,998$19,228,698$21,440,034
56$22,541,235$20,420,482$19,820,011$22,987,981
57$24,785,928$21,366,573$20,429,468$24,662,832
58$27,257,862$22,357,304$21,057,625$26,480,975
59$29,980,162$23,394,811$21,705,054$28,455,840
60$32,978,310$24,481,328$22,372,344$30,602,176
61$36,280,384$25,619,199$23,060,104$32,936,179
62$39,917,326$26,810,883$23,768,961$35,475,639
63$43,923,231$28,058,954$24,499,558$38,240,101
64$48,335,670$29,366,112$25,252,563$41,251,039
65$53,196,044$30,735,187$26,028,659$44,532,054
66$58,549,975$32,169,146$26,828,554$48,109,081
67$64,447,737$33,671,099$27,652,976$52,010,629
68$70,944,730$35,244,306$28,502,674$56,268,041
69$78,102,000$36,892,185$29,378,421$60,915,774
70$85,986,821$38,618,319$30,281,015$65,991,720
71$94,673,323$40,426,463$31,211,275$71,537,546
72$104,243,198$42,320,556$32,170,049$77,599,080
73$114,786,466$44,304,724$33,158,207$84,226,729
74$126,402,326$46,383,297$34,176,648$91,475,939
75$139,200,095$48,560,810$35,226,298$99,407,711
76$153,300,236$50,842,021$36,308,110$108,089,157
77$168,835,495$53,231,915$37,423,067$117,594,119
78$185,952,158$55,735,721$38,572,182$128,003,854
79$204,811,427$58,358,920$39,756,499$139,407,778
80$225,590,944$61,107,259$40,977,093$151,904,301
81$248,486,468$63,986,762$42,235,073$165,601,730
82$273,713,720$67,003,746$43,531,580$180,619,277
83$301,510,423$70,164,833$44,867,792$197,088,163
84$332,138,544$73,476,968$46,244,921$215,152,836
85$365,886,766$76,947,430$47,664,216$234,972,313
86$403,073,215$80,583,852$49,126,966$256,721,658
87$444,048,460$84,394,239$50,634,497$280,593,610
88$489,198,827$88,386,980$52,188,176$306,800,381
89$538,950,039$92,570,874$53,789,412$335,575,628
90$593,771,243$96,955,147$55,439,657$367,176,633
91$654,179,431$101,549,470$57,140,407$401,886,706
92$720,744,325$106,363,986$58,893,202$440,017,826
93$794,093,754$111,409,329$60,699,632$481,913,556
94$874,919,580$116,696,649$62,561,333$527,952,253
95$963,984,231$122,237,639$64,479,991$578,550,605
96$1,062,127,895$128,044,556$66,457,344$634,167,528
97$1,170,276,458$134,130,257$68,495,183$695,308,464
98$1,289,450,237$140,508,220$70,595,352$762,530,106
99$1,420,773,617$147,192,579$72,759,752$836,445,620
100$1,565,485,665$154,198,154$74,990,343$917,730,382