Can I retire at age 55 with 18,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,494,485
2 years$772,646$758,256$744,310$730,788$717,673$704,946
3 years$509,981$495,529$481,618$468,223$455,321$442,889
4 years$378,674$364,266$350,494$337,328$324,739$312,698
5 years$299,910$285,589$271,998$259,101$246,861$235,246
6 years$247,418$233,205$219,815$207,205$195,333$184,159
7 years$209,939$195,845$182,667$170,354$158,858$148,130
8 years$181,842$167,875$154,916$142,906$131,788$121,506
9 years$160,000$146,166$133,429$121,724$110,985$101,145
10 years$142,537$128,838$116,327$104,928$94,564$85,162
11 years$128,259$114,697$102,412$91,318$81,329$72,356
12 years$116,368$102,946$90,888$80,099$70,478$61,927
13 years$106,315$93,033$81,203$70,715$61,458$53,319
14 years$97,706$84,564$72,961$62,773$53,874$46,137
15 years$90,251$77,251$65,874$55,982$47,435$40,088
16 years$83,734$70,876$59,724$50,126$41,923$34,956
17 years$77,990$65,274$54,347$45,038$37,172$30,572
18 years$72,890$60,317$49,612$40,588$33,051$26,807
19 years$68,332$55,901$45,417$36,675$29,459$23,558
20 years$64,235$51,946$41,681$33,216$26,314$20,742
21 years$60,533$48,385$38,339$30,146$23,548$18,293
22 years$57,172$45,166$35,335$27,409$21,107$16,156
23 years$54,108$42,243$32,626$24,962$18,947$14,287
24 years$51,303$39,579$30,173$22,767$17,030$12,648
25 years$48,727$37,143$27,947$20,792$15,324$11,209
26 years$46,353$34,908$25,919$19,011$13,804$9,941
27 years$44,158$32,853$24,068$17,402$12,445$8,824
28 years$42,124$30,957$22,374$15,944$11,230$7,837
29 years$40,233$29,204$20,821$14,621$10,140$6,965
30 years$38,472$27,580$19,394$13,418$9,162$6,193
31 years$36,828$26,073$18,081$12,323$8,283$5,509
32 years$35,289$24,670$16,870$11,326$7,493$4,902
33 years$33,847$23,363$15,751$10,415$6,781$4,364
34 years$32,493$22,143$14,717$9,582$6,140$3,887
35 years$31,218$21,002$13,759$8,821$5,561$3,462
36 years$30,018$19,934$12,872$8,124$5,038$3,085
37 years$28,884$18,933$12,048$7,485$4,566$2,749
38 years$27,813$17,993$11,282$6,899$4,140$2,451
39 years$26,800$17,109$10,570$6,362$3,754$2,185
40 years$25,839$16,278$9,907$5,868$3,405$1,948
41 years$24,928$15,495$9,290$5,414$3,089$1,737
42 years$24,062$14,757$8,714$4,996$2,803$1,550
43 years$23,239$14,061$8,177$4,612$2,544$1,382
44 years$22,456$13,403$7,676$4,258$2,309$1,233
45 years$21,709$12,781$7,207$3,933$2,096$1,100
46 years$20,997$12,192$6,769$3,633$1,903$982
47 years$20,318$11,635$6,360$3,356$1,728$876
48 years$19,668$11,107$5,976$3,101$1,570$782
49 years$19,047$10,607$5,617$2,866$1,426$698
50 years$18,453$10,132$5,281$2,649$1,295$623

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $18,900,000, adding $5,075 every year, while hoping to spend $36,534 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: 44/32/24 Blend
54$18,900,000$18,900,000$18,900,000$18,900,000
55$20,833,035$19,831,335$19,538,385$21,604,446
56$22,919,133$20,764,198$20,154,049$23,084,832
57$25,216,788$21,741,548$20,789,113$24,684,601
58$27,747,541$22,765,524$21,444,189$26,418,013
59$30,535,128$23,838,373$22,119,907$28,297,486
60$33,605,705$24,962,447$22,816,918$30,336,655
61$36,988,094$26,140,214$23,535,892$32,550,491
62$40,714,058$27,374,263$24,277,523$34,955,434
63$44,818,594$28,667,305$25,042,523$37,569,541
64$49,340,273$30,022,184$25,831,629$40,412,653
65$54,321,593$31,441,884$26,645,601$43,506,565
66$59,809,389$32,929,530$27,485,222$46,875,232
67$65,855,271$34,488,400$28,351,301$50,544,977
68$72,516,110$36,121,934$29,244,671$54,544,739
69$79,854,578$37,833,734$30,166,193$58,906,329
70$87,939,738$39,627,579$31,116,753$63,664,722
71$96,847,693$41,507,433$32,097,266$68,858,377
72$106,662,311$43,477,450$33,108,677$74,529,588
73$117,476,008$45,541,986$34,151,959$80,724,870
74$129,390,627$47,705,610$35,228,117$87,495,389
75$142,518,398$49,973,112$36,338,186$94,897,426
76$156,982,994$52,349,514$37,483,235$102,992,899
77$172,920,703$54,840,083$38,664,366$111,849,933
78$190,481,708$57,450,341$39,882,716$121,543,486
79$209,831,514$60,186,080$41,139,459$132,156,041
80$231,152,502$63,053,371$42,435,804$143,778,371
81$254,645,652$66,058,581$43,772,998$156,510,373
82$280,532,445$69,208,388$45,152,330$170,462,001
83$309,056,949$72,509,793$46,575,128$185,754,276
84$340,488,123$75,970,138$48,042,760$202,520,418
85$375,122,359$79,597,122$49,556,639$220,907,075
86$413,286,277$83,398,819$51,118,224$241,075,691
87$455,339,809$87,383,693$52,729,017$263,204,005
88$501,679,600$91,560,624$54,390,569$287,487,706
89$552,742,746$95,938,922$56,104,480$314,142,256
90$609,010,925$100,528,348$57,872,399$343,404,897
91$671,014,944$105,339,141$59,696,029$375,536,867
92$739,339,747$110,382,038$61,577,125$410,825,833
93$814,629,940$115,668,297$63,517,497$449,588,580
94$897,595,876$121,209,725$65,519,015$492,173,971
95$989,020,358$127,018,705$67,583,605$538,966,205
96$1,089,766,032$133,108,219$69,713,254$590,388,416
97$1,200,783,532$139,491,887$71,910,012$646,906,625
98$1,323,120,450$146,183,987$74,175,995$709,034,108
99$1,457,931,229$153,199,495$76,513,384$777,336,199
100$1,606,488,061$160,554,117$78,924,429$852,435,590