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%13.3%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,478,567
2 years$768,558$754,244$740,372$726,922$713,875$693,187
3 years$507,282$492,907$479,070$465,746$452,912$432,749
4 years$376,670$362,339$348,640$335,544$323,021$303,538
5 years$298,323$284,078$270,559$257,730$245,555$226,810
6 years$246,109$231,971$218,652$206,108$194,299$176,314
7 years$208,828$194,809$181,701$169,453$158,017$140,798
8 years$180,880$166,987$154,097$142,150$131,091$114,635
9 years$159,154$145,392$132,723$121,080$110,397$94,698
10 years$141,783$128,156$115,711$104,372$94,064$79,110
11 years$127,580$114,090$101,870$90,835$80,898$66,675
12 years$115,753$102,401$90,407$79,675$70,105$56,595
13 years$105,753$92,541$80,773$70,341$61,133$48,319
14 years$97,189$84,117$72,575$62,441$53,589$41,452
15 years$89,773$76,842$65,525$55,686$47,184$35,702
16 years$83,291$70,501$59,408$49,861$41,701$30,854
17 years$77,577$64,929$54,059$44,800$36,975$26,739
18 years$72,504$59,997$49,349$40,373$32,876$23,230
19 years$67,971$55,605$45,177$36,481$29,303$20,223
20 years$63,895$51,671$41,461$33,040$26,174$17,636
21 years$60,213$48,129$38,136$29,986$23,423$15,403
22 years$56,870$44,927$35,148$27,264$20,996$13,471
23 years$53,822$42,019$32,453$24,830$18,847$11,795
24 years$51,032$39,369$30,014$22,647$16,940$10,338
25 years$48,469$36,946$27,799$20,682$15,243$9,068
26 years$46,108$34,723$25,782$18,911$13,731$7,961
27 years$43,925$32,679$23,941$17,309$12,379$6,993
28 years$41,901$30,793$22,256$15,859$11,170$6,146
29 years$40,021$29,050$20,711$14,543$10,086$5,405
30 years$38,269$27,434$19,292$13,347$9,114$4,755
31 years$36,633$25,935$17,985$12,258$8,240$4,185
32 years$35,103$24,539$16,780$11,266$7,453$3,685
33 years$33,668$23,239$15,668$10,360$6,745$3,245
34 years$32,321$22,026$14,639$9,532$6,107$2,859
35 years$31,053$20,891$13,687$8,775$5,531$2,519
36 years$29,859$19,828$12,804$8,081$5,012$2,220
37 years$28,732$18,833$11,984$7,446$4,542$1,957
38 years$27,666$17,898$11,222$6,863$4,118$1,725
39 years$26,658$17,019$10,514$6,328$3,734$1,521
40 years$25,703$16,192$9,855$5,837$3,387$1,341
41 years$24,796$15,413$9,241$5,385$3,073$1,183
42 years$23,935$14,679$8,668$4,970$2,788$1,043
43 years$23,116$13,986$8,134$4,588$2,531$920
44 years$22,337$13,332$7,635$4,236$2,297$812
45 years$21,594$12,713$7,169$3,912$2,085$716
46 years$20,886$12,128$6,733$3,614$1,893$632
47 years$20,210$11,574$6,326$3,338$1,719$557
48 years$19,564$11,049$5,945$3,085$1,561$492
49 years$18,946$10,551$5,588$2,851$1,418$434
50 years$18,355$10,079$5,253$2,635$1,288$383

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 $5,401 every year, while hoping to spend $48,016 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: 88/7/5 Blend
54$18,800,000$18,800,000$18,800,000$18,800,000
55$20,723,171$19,726,771$19,435,371$22,548,834
56$22,785,846$20,642,294$20,035,367$24,652,740
57$25,057,304$21,601,069$20,653,854$26,958,025
58$27,558,791$22,605,163$21,291,400$29,490,700
59$30,313,718$23,656,746$21,948,592$32,273,659
60$33,347,881$24,758,090$22,626,034$35,332,114
61$36,689,706$25,911,578$23,324,347$38,693,842
62$40,370,519$27,119,708$24,044,176$42,389,435
63$44,424,836$28,385,098$24,786,180$46,452,594
64$48,890,694$29,710,492$25,551,041$50,920,442
65$53,810,006$31,098,768$26,339,463$55,833,873
66$59,228,962$32,552,943$27,152,170$61,237,938
67$65,198,456$34,076,177$27,989,908$67,182,264
68$71,774,575$35,671,786$28,853,446$73,721,525
69$79,019,124$37,343,246$29,743,578$80,915,953
70$87,000,208$39,094,198$30,661,122$88,831,903
71$95,792,878$40,928,463$31,606,918$97,542,483
72$105,479,838$42,850,044$32,581,836$107,128,233
73$116,152,224$44,863,139$33,586,771$117,677,889
74$127,910,468$46,972,150$34,622,644$129,289,215
75$140,865,240$49,181,689$35,690,407$142,069,925
76$155,138,497$51,496,595$36,791,039$156,138,693
77$170,864,635$53,921,939$37,925,550$171,626,275
78$188,191,752$56,463,038$39,094,980$188,676,736
79$207,283,051$59,125,467$40,300,402$207,448,808
80$228,318,378$61,915,071$41,542,921$228,117,386
81$251,495,921$64,837,978$42,823,677$250,875,174
82$277,034,079$67,900,613$44,143,845$275,934,498
83$305,173,524$71,109,713$45,504,633$303,529,312
84$336,179,476$74,472,340$46,907,290$333,917,396
85$370,344,199$77,995,902$48,353,101$367,382,789
86$407,989,768$81,688,162$49,843,391$404,238,465
87$449,471,104$85,557,262$51,379,524$444,829,281
88$495,179,328$89,611,739$52,962,910$489,535,229
89$545,545,449$93,860,544$54,594,997$538,775,018
90$601,044,436$98,313,062$56,277,280$593,010,021
91$662,199,701$102,979,133$58,011,301$652,748,624
92$729,588,037$107,869,078$59,798,647$718,551,018
93$803,845,069$112,993,714$61,640,953$791,034,487
94$885,671,248$118,364,388$63,539,907$870,879,220
95$975,838,467$123,992,996$65,497,246$958,834,733
96$1,075,197,349$129,892,011$67,514,762$1,055,726,934
97$1,184,685,273$136,074,513$69,594,301$1,162,465,912
98$1,305,335,225$142,554,219$71,737,764$1,280,054,522
99$1,438,285,552$149,345,509$73,947,113$1,409,597,846
100$1,584,790,706$156,463,467$76,224,369$1,552,313,612