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%16.5%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,443,821
2 years$760,381$746,220$732,495$719,188$706,281$666,892
3 years$501,886$487,663$473,973$460,791$448,094$409,917
4 years$372,663$358,484$344,931$331,974$319,584$282,914
5 years$295,150$281,056$267,681$254,988$242,943$207,880
6 years$243,491$229,503$216,326$203,916$192,232$158,811
7 years$206,606$192,736$179,768$167,650$156,336$124,558
8 years$178,956$165,211$152,457$140,638$129,696$99,545
9 years$157,461$143,846$131,311$119,792$109,223$80,672
10 years$140,275$126,793$114,480$103,262$93,063$66,078
11 years$126,223$112,876$100,787$89,869$80,038$54,575
12 years$114,521$101,312$89,446$78,827$69,359$45,373
13 years$104,628$91,556$79,914$69,593$60,482$37,924
14 years$96,155$83,222$71,803$61,776$53,018$31,835
15 years$88,818$76,025$64,828$55,094$46,682$26,819
16 years$82,405$69,751$58,776$49,330$41,257$22,659
17 years$76,752$64,238$53,484$44,323$36,582$19,191
18 years$71,733$59,359$48,824$39,944$32,527$16,287
19 years$67,248$55,013$44,696$36,093$28,992$13,847
20 years$63,216$51,121$41,020$32,689$25,896$11,788
21 years$59,572$47,617$37,730$29,667$23,174$10,048
22 years$56,265$44,449$34,774$26,974$20,772$8,574
23 years$53,249$41,572$32,108$24,566$18,646$7,322
24 years$50,489$38,951$29,694$22,406$16,760$6,258
25 years$47,954$36,553$27,503$20,462$15,081$5,352
26 years$45,617$34,354$25,508$18,710$13,585$4,579
27 years$43,457$32,331$23,686$17,125$12,248$3,920
28 years$41,455$30,466$22,019$15,690$11,051$3,357
29 years$39,595$28,741$20,491$14,388$9,979$2,876
30 years$37,862$27,143$19,086$13,205$9,017$2,464
31 years$36,243$25,659$17,794$12,128$8,152$2,112
32 years$34,729$24,278$16,602$11,146$7,374$1,811
33 years$33,310$22,992$15,501$10,249$6,673$1,553
34 years$31,977$21,791$14,483$9,430$6,042$1,331
35 years$30,723$20,669$13,541$8,681$5,473$1,142
36 years$29,541$19,618$12,667$7,995$4,958$980
37 years$28,426$18,632$11,856$7,366$4,494$840
38 years$27,372$17,707$11,103$6,790$4,074$721
39 years$26,374$16,838$10,402$6,261$3,695$619
40 years$25,429$16,020$9,750$5,774$3,351$531
41 years$24,532$15,249$9,142$5,328$3,040$455
42 years$23,681$14,523$8,576$4,917$2,759$391
43 years$22,871$13,837$8,047$4,539$2,504$335
44 years$22,099$13,190$7,554$4,191$2,273$288
45 years$21,365$12,578$7,093$3,870$2,063$247
46 years$20,664$11,999$6,662$3,575$1,873$212
47 years$19,995$11,450$6,259$3,303$1,701$182
48 years$19,356$10,931$5,881$3,052$1,545$156
49 years$18,745$10,439$5,528$2,821$1,403$134
50 years$18,160$9,971$5,197$2,607$1,274$115

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 $3,398 every year, while hoping to spend $38,052 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: 74/21/5 Blend
54$18,600,000$18,600,000$18,600,000$18,600,000
55$20,500,705$19,514,905$19,226,605$22,010,082
56$22,551,290$20,430,648$19,830,209$23,919,060
57$24,809,759$21,389,988$20,452,759$26,004,411
58$27,297,277$22,395,019$21,094,848$28,287,625
59$30,037,164$23,447,940$21,757,091$30,788,237
60$33,055,120$24,551,055$22,440,119$33,527,742
61$36,379,464$25,706,778$23,144,585$36,529,802
62$40,041,402$26,917,643$23,871,161$39,820,457
63$44,075,321$28,186,304$24,620,541$43,428,369
64$48,519,116$29,515,544$25,393,441$47,385,091
65$53,414,542$30,908,283$26,190,598$51,725,356
66$58,807,617$32,367,580$27,012,774$56,487,403
67$64,749,046$33,896,643$27,860,754$61,713,328
68$71,294,707$35,498,837$28,735,348$67,449,482
69$78,506,175$37,177,688$29,637,390$73,746,899
70$86,451,304$38,936,894$30,567,742$80,661,771
71$95,204,868$40,780,332$31,527,292$88,255,975
72$104,849,264$42,712,068$32,516,955$96,597,648
73$115,475,294$44,736,365$33,537,678$105,761,824
74$127,183,018$46,857,691$34,590,435$115,831,136
75$140,082,701$49,080,733$35,676,230$126,896,587
76$154,295,853$51,410,405$36,796,100$139,058,402
77$169,956,375$53,851,860$37,951,114$152,426,965
78$187,211,824$56,410,500$39,142,375$167,123,854
79$206,224,806$59,091,990$40,371,020$183,282,977
80$227,174,509$61,902,271$41,638,223$201,051,827
81$250,258,397$64,847,570$42,945,191$220,592,869
82$275,694,072$67,934,420$44,293,174$242,085,055
83$303,721,330$71,169,669$45,683,458$265,725,509
84$334,604,422$74,560,499$47,117,370$291,731,374
85$368,634,550$78,114,441$48,596,279$320,341,849
86$406,132,616$81,839,390$50,121,596$351,820,436
87$447,452,252$85,743,629$51,694,778$386,457,413
88$492,983,154$89,835,839$53,317,326$424,572,564
89$543,154,768$94,125,127$54,990,788$466,518,175
90$598,440,337$98,621,041$56,716,763$512,682,356
91$659,361,373$103,333,595$58,496,896$563,492,680
92$726,492,579$108,273,287$60,332,888$619,420,206
93$800,467,273$113,451,129$62,226,491$680,983,909
94$881,983,368$118,878,667$64,179,511$748,755,560
95$971,809,960$124,568,010$66,193,814$823,365,106
96$1,070,794,590$130,531,857$68,271,320$905,506,597
97$1,179,871,243$136,783,522$70,414,014$995,944,714
98$1,300,069,165$143,336,970$72,623,939$1,095,521,970
99$1,432,522,584$150,206,846$74,903,205$1,205,166,641
100$1,578,481,412$157,408,506$77,253,987$1,325,901,499