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%17.3%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,454,647
2 years$768,558$754,244$740,372$726,922$713,875$669,419
3 years$507,282$492,907$479,070$465,746$452,912$409,883
4 years$376,670$362,339$348,640$335,544$323,021$281,750
5 years$298,323$284,078$270,559$257,730$245,555$206,155
6 years$246,109$231,971$218,652$206,108$194,299$156,805
7 years$208,828$194,809$181,701$169,453$158,017$122,428
8 years$180,880$166,987$154,097$142,150$131,091$97,384
9 years$159,154$145,392$132,723$121,080$110,397$78,539
10 years$141,783$128,156$115,711$104,372$94,064$64,009
11 years$127,580$114,090$101,870$90,835$80,898$52,596
12 years$115,753$102,401$90,407$79,675$70,105$43,498
13 years$105,753$92,541$80,773$70,341$61,133$36,161
14 years$97,189$84,117$72,575$62,441$53,589$30,188
15 years$89,773$76,842$65,525$55,686$47,184$25,288
16 years$83,291$70,501$59,408$49,861$41,701$21,244
17 years$77,577$64,929$54,059$44,800$36,975$17,888
18 years$72,504$59,997$49,349$40,373$32,876$15,092
19 years$67,971$55,605$45,177$36,481$29,303$12,753
20 years$63,895$51,671$41,461$33,040$26,174$10,791
21 years$60,213$48,129$38,136$29,986$23,423$9,142
22 years$56,870$44,927$35,148$27,264$20,996$7,752
23 years$53,822$42,019$32,453$24,830$18,847$6,579
24 years$51,032$39,369$30,014$22,647$16,940$5,587
25 years$48,469$36,946$27,799$20,682$15,243$4,748
26 years$46,108$34,723$25,782$18,911$13,731$4,036
27 years$43,925$32,679$23,941$17,309$12,379$3,433
28 years$41,901$30,793$22,256$15,859$11,170$2,921
29 years$40,021$29,050$20,711$14,543$10,086$2,486
30 years$38,269$27,434$19,292$13,347$9,114$2,116
31 years$36,633$25,935$17,985$12,258$8,240$1,802
32 years$35,103$24,539$16,780$11,266$7,453$1,534
33 years$33,668$23,239$15,668$10,360$6,745$1,307
34 years$32,321$22,026$14,639$9,532$6,107$1,113
35 years$31,053$20,891$13,687$8,775$5,531$948
36 years$29,859$19,828$12,804$8,081$5,012$808
37 years$28,732$18,833$11,984$7,446$4,542$689
38 years$27,666$17,898$11,222$6,863$4,118$587
39 years$26,658$17,019$10,514$6,328$3,734$500
40 years$25,703$16,192$9,855$5,837$3,387$426
41 years$24,796$15,413$9,241$5,385$3,073$363
42 years$23,935$14,679$8,668$4,970$2,788$310
43 years$23,116$13,986$8,134$4,588$2,531$264
44 years$22,337$13,332$7,635$4,236$2,297$225
45 years$21,594$12,713$7,169$3,912$2,085$192
46 years$20,886$12,128$6,733$3,614$1,893$163
47 years$20,210$11,574$6,326$3,338$1,719$139
48 years$19,564$11,049$5,945$3,085$1,561$119
49 years$18,946$10,551$5,588$2,851$1,418$101
50 years$18,355$10,079$5,253$2,635$1,288$86

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 $5,111 every year, while hoping to spend $29,111 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: 37/33/30 Blend
54$18,800,000$18,800,000$18,800,000$18,800,000
55$20,722,872$19,726,472$19,435,072$21,303,764
56$22,805,631$20,662,095$20,055,173$22,671,453
57$25,099,856$21,642,588$20,695,072$24,144,781
58$27,627,085$22,670,119$21,355,401$25,735,733
59$30,411,054$23,746,961$22,036,813$27,454,977
60$33,477,916$24,875,497$22,739,981$29,314,210
61$36,856,494$26,058,227$23,465,601$31,326,266
62$40,578,548$27,297,771$24,214,390$33,505,225
63$44,679,076$28,596,878$24,987,088$35,866,536
64$49,196,646$29,958,429$25,784,459$38,427,160
65$54,173,757$31,385,445$26,607,292$41,205,717
66$59,657,243$32,881,096$27,456,399$44,222,651
67$65,698,715$34,448,702$28,332,622$47,500,417
68$72,355,045$36,091,750$29,236,825$51,063,679
69$79,688,905$37,813,890$30,169,904$54,939,532
70$87,769,358$39,618,956$31,132,781$59,157,749
71$96,672,511$41,510,964$32,126,408$63,751,047
72$106,482,232$43,494,126$33,151,767$68,755,386
73$117,290,943$45,572,861$34,209,874$74,210,294
74$129,200,488$47,751,800$35,301,775$80,159,225
75$142,323,102$50,035,803$36,428,548$86,649,958
76$156,782,464$52,429,963$37,591,310$93,735,032
77$172,714,867$54,939,622$38,791,211$101,472,224
78$190,270,504$57,570,384$40,029,436$109,925,081
79$209,614,885$60,328,123$41,307,212$119,163,503
80$230,930,402$63,218,999$42,625,802$129,264,383
81$254,418,047$66,249,475$43,986,511$140,312,315
82$280,299,314$69,426,325$45,390,686$152,400,373
83$308,818,285$72,756,656$46,839,715$165,630,970
84$340,243,937$76,247,919$48,335,032$180,116,803
85$374,872,680$79,907,929$49,878,117$195,981,894
86$413,031,157$83,744,880$51,470,497$213,362,740
87$455,079,324$87,767,369$53,113,748$232,409,573
88$501,413,853$91,984,408$54,809,496$253,287,756
89$552,471,872$96,405,449$56,559,420$276,179,316
90$608,735,093$101,040,406$58,365,251$301,284,637
91$670,734,362$105,899,676$60,228,776$328,824,317
92$739,054,667$110,994,161$62,151,841$359,041,227
93$814,340,664$116,335,295$64,136,348$392,202,768
94$897,302,759$121,935,072$66,184,263$428,603,359
95$988,723,817$127,806,067$68,297,612$468,567,191
96$1,089,466,552$133,961,470$70,478,489$512,451,239
97$1,200,481,673$140,415,115$72,729,050$560,648,605
98$1,322,816,857$147,181,508$75,051,527$613,592,182
99$1,457,626,640$154,275,866$77,448,216$671,758,700
100$1,606,183,318$161,714,144$79,921,493$735,673,185