Can I retire at age 55 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,458,078
2 years$764,470$750,232$736,434$723,055$710,078$676,916
3 years$504,584$490,285$476,521$463,268$450,503$418,301
4 years$374,667$360,411$346,785$333,759$321,302$290,308
5 years$296,736$282,567$269,120$256,359$244,249$214,550
6 years$244,800$230,737$217,489$205,012$193,266$164,893
7 years$207,717$193,773$180,734$168,552$157,177$130,135
8 years$179,918$166,099$153,277$141,394$130,393$104,673
9 years$158,307$144,619$132,017$120,436$109,810$85,393
10 years$141,029$127,475$115,096$103,817$93,564$70,423
11 years$126,902$113,483$101,328$90,352$80,468$58,574
12 years$115,137$101,856$89,926$79,251$69,732$49,050
13 years$105,190$92,048$80,343$69,967$60,807$41,300
14 years$96,672$83,669$72,189$62,109$53,303$34,931
15 years$89,296$76,434$65,177$55,390$46,933$29,654
16 years$82,848$70,126$59,092$49,596$41,479$25,252
17 years$77,165$64,584$53,772$44,561$36,778$21,558
18 years$72,119$59,678$49,087$40,159$32,702$18,445
19 years$67,609$55,309$44,936$36,287$29,148$15,810
20 years$63,555$51,396$41,240$32,865$26,035$13,573
21 years$59,893$47,873$37,933$29,827$23,299$11,668
22 years$56,567$44,688$34,961$27,119$20,884$10,041
23 years$53,535$41,796$32,281$24,698$18,747$8,649
24 years$50,760$39,160$29,854$22,526$16,850$7,457
25 years$48,211$36,750$27,651$20,572$15,162$6,433
26 years$45,862$34,539$25,645$18,810$13,658$5,553
27 years$43,691$32,505$23,813$17,217$12,314$4,796
28 years$41,678$30,629$22,138$15,775$11,111$4,145
29 years$39,808$28,895$20,601$14,466$10,033$3,583
30 years$38,065$27,288$19,189$13,276$9,065$3,098
31 years$36,438$25,797$17,889$12,193$8,196$2,680
32 years$34,916$24,409$16,691$11,206$7,414$2,318
33 years$33,489$23,116$15,585$10,305$6,709$2,006
34 years$32,149$21,908$14,561$9,481$6,075$1,736
35 years$30,888$20,780$13,614$8,728$5,502$1,503
36 years$29,700$19,723$12,735$8,038$4,985$1,301
37 years$28,579$18,732$11,920$7,406$4,518$1,127
38 years$27,519$17,802$11,163$6,826$4,096$976
39 years$26,516$16,928$10,458$6,294$3,714$845
40 years$25,566$16,106$9,802$5,806$3,369$732
41 years$24,664$15,331$9,192$5,356$3,057$634
42 years$23,808$14,601$8,622$4,943$2,774$549
43 years$22,993$13,912$8,091$4,563$2,517$476
44 years$22,218$13,261$7,594$4,213$2,285$412
45 years$21,480$12,645$7,131$3,891$2,074$357
46 years$20,775$12,063$6,698$3,594$1,883$309
47 years$20,103$11,512$6,292$3,321$1,710$268
48 years$19,460$10,990$5,913$3,068$1,553$232
49 years$18,846$10,495$5,558$2,836$1,410$201
50 years$18,258$10,025$5,225$2,621$1,281$174

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $18,700,000, adding $5,100 every year, while hoping to spend $41,273 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: 56/21/23 Blend
54$18,700,000$18,700,000$18,700,000$18,700,000
55$20,612,661$19,621,561$19,331,711$21,637,768
56$22,671,238$20,539,103$19,935,409$23,257,478
57$24,938,407$21,500,222$20,557,948$25,016,403
58$27,435,400$22,507,008$21,199,914$26,931,838
59$30,185,615$23,561,655$21,861,915$29,018,850
60$33,214,833$24,666,462$22,544,575$31,294,005
61$36,551,466$25,823,839$23,248,538$33,775,520
62$40,226,819$27,036,311$23,974,469$36,483,428
63$44,275,393$28,306,528$24,723,052$39,439,767
64$48,735,203$29,637,268$25,494,993$42,668,777
65$53,648,140$31,031,440$26,291,022$46,197,124
66$59,060,368$32,492,099$27,111,889$50,054,149
67$65,022,757$34,022,443$27,958,369$54,272,132
68$71,591,364$35,625,829$28,831,260$58,886,597
69$78,827,963$37,305,774$29,731,387$63,936,637
70$86,800,624$39,065,965$30,659,597$69,465,274
71$95,584,360$40,910,271$31,616,767$75,519,860
72$105,261,836$42,842,745$32,603,799$82,152,516
73$115,924,142$44,867,638$33,621,625$89,420,615
74$127,671,659$46,989,407$34,671,204$97,387,314
75$140,615,006$49,212,725$35,753,527$106,122,142
76$154,876,080$51,542,493$36,869,614$115,701,647
77$170,589,212$53,983,846$38,020,517$126,210,110
78$187,902,430$56,542,173$39,207,323$137,740,326
79$206,978,859$59,223,121$40,431,150$150,394,473
80$227,998,262$62,032,613$41,693,152$164,285,066
81$251,158,731$64,976,858$42,994,520$179,536,003
82$276,678,565$68,062,367$44,336,479$196,283,726
83$304,798,323$71,295,968$45,720,296$214,678,494
84$335,783,101$74,684,820$47,147,275$234,885,790
85$369,925,030$78,236,428$48,618,762$257,087,869
86$407,546,036$81,958,666$50,136,143$281,485,460
87$449,000,876$85,859,785$51,700,848$308,299,650
88$494,680,492$89,948,441$53,314,353$337,773,955
89$545,015,698$94,233,710$54,978,179$370,176,599
90$600,481,244$98,725,107$56,693,894$405,803,030
91$661,600,306$103,432,612$58,463,114$444,978,692
92$728,949,416$108,366,689$60,287,507$488,062,078
93$803,163,911$113,538,311$62,168,793$535,448,092
94$884,943,926$118,958,985$64,108,744$587,571,758
95$975,061,007$124,640,776$66,109,188$644,912,307
96$1,074,365,394$130,596,338$68,172,010$707,997,672
97$1,183,794,046$136,838,940$70,299,154$777,409,457
98$1,304,379,487$143,382,496$72,492,623$853,788,393
99$1,437,259,554$150,241,598$74,754,485$937,840,370
100$1,583,688,138$157,431,546$77,086,871$1,030,343,065