Can I retire at age 55 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,481,019
2 years$768,558$754,244$740,372$726,922$713,875$695,641
3 years$507,282$492,907$479,070$465,746$452,912$435,128
4 years$376,670$362,339$348,640$335,544$323,021$305,824
5 years$298,323$284,078$270,559$257,730$245,555$228,997
6 years$246,109$231,971$218,652$206,108$194,299$178,399
7 years$208,828$194,809$181,701$169,453$158,017$142,781
8 years$180,880$166,987$154,097$142,150$131,091$116,517
9 years$159,154$145,392$132,723$121,080$110,397$96,481
10 years$141,783$128,156$115,711$104,372$94,064$80,795
11 years$127,580$114,090$101,870$90,835$80,898$68,265
12 years$115,753$102,401$90,407$79,675$70,105$58,093
13 years$105,753$92,541$80,773$70,341$61,133$49,728
14 years$97,189$84,117$72,575$62,441$53,589$42,774
15 years$89,773$76,842$65,525$55,686$47,184$36,941
16 years$83,291$70,501$59,408$49,861$41,701$32,013
17 years$77,577$64,929$54,059$44,800$36,975$27,823
18 years$72,504$59,997$49,349$40,373$32,876$24,240
19 years$67,971$55,605$45,177$36,481$29,303$21,164
20 years$63,895$51,671$41,461$33,040$26,174$18,511
21 years$60,213$48,129$38,136$29,986$23,423$16,217
22 years$56,870$44,927$35,148$27,264$20,996$14,226
23 years$53,822$42,019$32,453$24,830$18,847$12,494
24 years$51,032$39,369$30,014$22,647$16,940$10,984
25 years$48,469$36,946$27,799$20,682$15,243$9,666
26 years$46,108$34,723$25,782$18,911$13,731$8,512
27 years$43,925$32,679$23,941$17,309$12,379$7,501
28 years$41,901$30,793$22,256$15,859$11,170$6,615
29 years$40,021$29,050$20,711$14,543$10,086$5,836
30 years$38,269$27,434$19,292$13,347$9,114$5,151
31 years$36,633$25,935$17,985$12,258$8,240$4,548
32 years$35,103$24,539$16,780$11,266$7,453$4,018
33 years$33,668$23,239$15,668$10,360$6,745$3,550
34 years$32,321$22,026$14,639$9,532$6,107$3,138
35 years$31,053$20,891$13,687$8,775$5,531$2,774
36 years$29,859$19,828$12,804$8,081$5,012$2,453
37 years$28,732$18,833$11,984$7,446$4,542$2,170
38 years$27,666$17,898$11,222$6,863$4,118$1,919
39 years$26,658$17,019$10,514$6,328$3,734$1,698
40 years$25,703$16,192$9,855$5,837$3,387$1,502
41 years$24,796$15,413$9,241$5,385$3,073$1,330
42 years$23,935$14,679$8,668$4,970$2,788$1,177
43 years$23,116$13,986$8,134$4,588$2,531$1,042
44 years$22,337$13,332$7,635$4,236$2,297$922
45 years$21,594$12,713$7,169$3,912$2,085$816
46 years$20,886$12,128$6,733$3,614$1,893$723
47 years$20,210$11,574$6,326$3,338$1,719$640
48 years$19,564$11,049$5,945$3,085$1,561$566
49 years$18,946$10,551$5,588$2,851$1,418$502
50 years$18,355$10,079$5,253$2,635$1,288$444

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $18,800,000, adding $5,702 every year, while hoping to spend $26,221 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: 77/14/9 Blend
54$18,800,000$18,800,000$18,800,000$18,800,000
55$20,723,482$19,727,082$19,435,682$22,289,112
56$22,809,378$20,665,810$20,058,878$24,257,893
57$25,107,157$21,649,657$20,702,073$26,412,043
58$27,638,402$22,680,806$21,365,908$28,773,167
59$30,426,900$23,761,546$22,051,046$31,361,848
60$33,498,860$24,894,278$22,758,173$34,200,740
61$36,883,165$26,081,518$23,487,993$37,314,789
62$40,611,643$27,325,908$24,241,236$40,731,456
63$44,719,367$28,630,214$25,018,653$44,480,980
64$49,244,987$29,997,339$25,821,023$48,596,654
65$54,231,094$31,430,327$26,649,146$53,115,141
66$59,724,622$32,932,370$27,503,848$58,076,813
67$65,777,292$34,506,814$28,385,986$63,526,126
68$72,446,098$36,157,170$29,296,438$69,512,041
69$79,793,847$37,887,118$30,236,116$76,088,477
70$87,889,751$39,700,519$31,205,957$83,314,817
71$96,810,080$41,601,419$32,206,932$91,256,466
72$106,638,884$43,594,064$33,240,040$99,985,457
73$117,468,783$45,682,906$34,306,314$109,581,133
74$129,401,842$47,872,612$35,406,819$120,130,887
75$142,550,537$50,168,077$36,542,655$131,730,978
76$157,038,815$52,574,436$37,714,957$144,487,441
77$173,003,264$55,097,073$38,924,897$158,517,076
78$190,594,400$57,741,633$40,173,685$173,948,544
79$209,978,094$60,514,038$41,462,568$190,923,578
80$231,337,131$63,420,497$42,792,835$209,598,311
81$254,872,940$66,467,523$44,165,817$230,144,744
82$280,807,493$69,661,945$45,582,885$252,752,360
83$309,385,402$73,010,925$47,045,457$277,629,906
84$340,876,228$76,521,975$48,554,994$305,007,353
85$375,577,023$80,202,972$50,113,007$335,138,061
86$413,815,140$84,062,178$51,721,052$368,301,158
87$455,951,316$88,108,256$53,380,739$404,804,169
88$502,383,083$92,350,294$55,093,728$444,985,904
89$553,548,520$96,797,821$56,861,730$489,219,647
90$609,930,386$101,460,831$58,686,514$537,916,674
91$672,060,680$106,349,806$60,569,907$591,530,115
92$740,525,661$111,475,738$62,513,791$650,559,225
93$815,971,386$116,850,157$64,520,111$715,554,083
94$899,109,807$122,485,154$66,590,874$787,120,771
95$990,725,491$128,393,411$68,728,152$865,927,082
96$1,091,683,029$134,588,225$70,934,083$952,708,807
97$1,202,935,197$141,083,548$73,210,874$1,048,276,669
98$1,325,531,952$147,894,007$75,560,803$1,153,523,959
99$1,460,630,344$155,034,945$77,986,222$1,269,434,952
100$1,609,505,436$162,522,454$80,489,557$1,397,094,181