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

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,499,501
2 years$772,646$758,256$744,310$730,788$717,673$709,991
3 years$509,981$495,529$481,618$468,223$455,321$447,807
4 years$378,674$364,266$350,494$337,328$324,739$317,450
5 years$299,910$285,589$271,998$259,101$246,861$239,820
6 years$247,418$233,205$219,815$207,205$195,333$188,547
7 years$209,939$195,845$182,667$170,354$158,858$152,332
8 years$181,842$167,875$154,916$142,906$131,788$125,522
9 years$160,000$146,166$133,429$121,724$110,985$104,977
10 years$142,537$128,838$116,327$104,928$94,564$88,812
11 years$128,259$114,697$102,412$91,318$81,329$75,828
12 years$116,368$102,946$90,888$80,099$70,478$65,225
13 years$106,315$93,033$81,203$70,715$61,458$56,447
14 years$97,706$84,564$72,961$62,773$53,874$49,100
15 years$90,251$77,251$65,874$55,982$47,435$42,892
16 years$83,734$70,876$59,724$50,126$41,923$37,604
17 years$77,990$65,274$54,347$45,038$37,172$33,071
18 years$72,890$60,317$49,612$40,588$33,051$29,162
19 years$68,332$55,901$45,417$36,675$29,459$25,774
20 years$64,235$51,946$41,681$33,216$26,314$22,825
21 years$60,533$48,385$38,339$30,146$23,548$20,249
22 years$57,172$45,166$35,335$27,409$21,107$17,991
23 years$54,108$42,243$32,626$24,962$18,947$16,006
24 years$51,303$39,579$30,173$22,767$17,030$14,257
25 years$48,727$37,143$27,947$20,792$15,324$12,713
26 years$46,353$34,908$25,919$19,011$13,804$11,346
27 years$44,158$32,853$24,068$17,402$12,445$10,134
28 years$42,124$30,957$22,374$15,944$11,230$9,058
29 years$40,233$29,204$20,821$14,621$10,140$8,102
30 years$38,472$27,580$19,394$13,418$9,162$7,251
31 years$36,828$26,073$18,081$12,323$8,283$6,492
32 years$35,289$24,670$16,870$11,326$7,493$5,816
33 years$33,847$23,363$15,751$10,415$6,781$5,212
34 years$32,493$22,143$14,717$9,582$6,140$4,672
35 years$31,218$21,002$13,759$8,821$5,561$4,190
36 years$30,018$19,934$12,872$8,124$5,038$3,758
37 years$28,884$18,933$12,048$7,485$4,566$3,372
38 years$27,813$17,993$11,282$6,899$4,140$3,026
39 years$26,800$17,109$10,570$6,362$3,754$2,717
40 years$25,839$16,278$9,907$5,868$3,405$2,439
41 years$24,928$15,495$9,290$5,414$3,089$2,190
42 years$24,062$14,757$8,714$4,996$2,803$1,967
43 years$23,239$14,061$8,177$4,612$2,544$1,767
44 years$22,456$13,403$7,676$4,258$2,309$1,587
45 years$21,709$12,781$7,207$3,933$2,096$1,426
46 years$20,997$12,192$6,769$3,633$1,903$1,281
47 years$20,318$11,635$6,360$3,356$1,728$1,151
48 years$19,668$11,107$5,976$3,101$1,570$1,035
49 years$19,047$10,607$5,617$2,866$1,426$930
50 years$18,453$10,132$5,281$2,649$1,295$836

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 $2,540 every year, while hoping to spend $25,513 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: 43/29/28 Blend
54$18,900,000$18,900,000$18,900,000$18,900,000
55$20,830,420$19,828,720$19,535,770$21,555,882
56$22,927,977$20,773,182$20,163,073$23,020,682
57$25,238,630$21,763,067$20,810,535$24,604,161
58$27,784,088$22,800,574$21,478,805$26,319,415
59$30,588,272$23,888,010$22,168,552$28,178,675
60$33,677,545$25,027,791$22,880,468$30,195,368
61$37,080,955$26,222,454$23,615,265$32,384,238
62$40,830,515$27,474,657$24,373,678$34,761,474
63$44,961,500$28,787,188$25,156,469$37,344,861
64$49,512,783$30,162,970$25,964,421$40,153,935
65$54,527,201$31,605,069$26,798,343$43,210,163
66$60,051,960$33,116,702$27,659,071$46,537,132
67$66,139,077$34,701,238$28,547,468$50,160,768
68$72,845,878$36,362,213$29,464,423$54,109,568
69$80,235,532$38,103,336$30,410,856$58,414,859
70$88,377,651$39,928,494$31,387,714$63,111,084
71$97,348,946$41,841,765$32,395,977$68,236,118
72$107,233,952$43,847,425$33,436,655$73,831,612
73$118,125,823$45,949,957$34,510,792$79,943,374
74$130,127,217$48,154,065$35,619,463$86,621,791
75$143,351,259$50,464,680$36,763,781$93,922,291
76$157,922,611$52,886,973$37,944,892$101,905,852
77$173,978,652$55,426,369$39,163,979$110,639,564
78$191,670,768$58,088,555$40,422,267$120,197,247
79$211,165,789$60,879,496$41,721,015$130,660,136
80$232,647,556$63,805,448$43,061,526$142,117,625
81$256,318,664$66,872,973$44,445,144$154,668,101
82$282,402,369$70,088,949$45,873,257$168,419,850
83$311,144,696$73,460,593$47,347,297$183,492,063
84$342,816,764$76,995,471$48,868,741$200,015,944
85$377,717,346$80,701,522$50,439,116$218,135,924
86$416,175,686$84,587,066$52,059,996$238,011,006
87$458,554,608$88,660,835$53,733,008$259,816,246
88$505,253,943$92,931,981$55,459,829$283,744,377
89$556,714,304$97,410,107$57,242,192$310,007,610
90$613,421,242$102,105,281$59,081,885$338,839,609
91$675,909,834$107,028,064$60,980,753$370,497,673
92$744,769,729$112,189,532$62,940,701$405,265,134
93$820,650,723$117,601,301$64,963,695$443,454,006
94$904,268,884$123,275,552$67,051,767$485,407,899
95$996,413,319$129,225,062$69,207,009$531,505,233
96$1,097,953,620$135,463,233$71,431,587$582,162,776
97$1,209,848,075$142,004,117$73,727,731$637,839,542
98$1,333,152,715$148,862,455$76,097,746$699,041,095
99$1,469,031,282$156,053,706$78,544,011$766,324,275
100$1,618,766,219$163,594,084$81,068,981$840,302,425