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%14.1%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,481,535
2 years$772,646$758,256$744,310$730,788$717,673$691,983
3 years$509,981$495,529$481,618$468,223$455,321$430,318
4 years$378,674$364,266$350,494$337,328$324,739$300,616
5 years$299,910$285,589$271,998$259,101$246,861$223,688
6 years$247,418$233,205$219,815$207,205$195,333$173,135
7 years$209,939$195,845$182,667$170,354$158,858$137,643
8 years$181,842$167,875$154,916$142,906$131,788$111,550
9 years$160,000$146,166$133,429$121,724$110,985$91,713
10 years$142,537$128,838$116,327$104,928$94,564$76,243
11 years$128,259$114,697$102,412$91,318$81,329$63,938
12 years$116,368$102,946$90,888$80,099$70,478$53,994
13 years$106,315$93,033$81,203$70,715$61,458$45,857
14 years$97,706$84,564$72,961$62,773$53,874$39,129
15 years$90,251$77,251$65,874$55,982$47,435$33,518
16 years$83,734$70,876$59,724$50,126$41,923$28,805
17 years$77,990$65,274$54,347$45,038$37,172$24,822
18 years$72,890$60,317$49,612$40,588$33,051$21,440
19 years$68,332$55,901$45,417$36,675$29,459$18,555
20 years$64,235$51,946$41,681$33,216$26,314$16,086
21 years$60,533$48,385$38,339$30,146$23,548$13,965
22 years$57,172$45,166$35,335$27,409$21,107$12,139
23 years$54,108$42,243$32,626$24,962$18,947$10,563
24 years$51,303$39,579$30,173$22,767$17,030$9,200
25 years$48,727$37,143$27,947$20,792$15,324$8,020
26 years$46,353$34,908$25,919$19,011$13,804$6,995
27 years$44,158$32,853$24,068$17,402$12,445$6,106
28 years$42,124$30,957$22,374$15,944$11,230$5,332
29 years$40,233$29,204$20,821$14,621$10,140$4,658
30 years$38,472$27,580$19,394$13,418$9,162$4,071
31 years$36,828$26,073$18,081$12,323$8,283$3,560
32 years$35,289$24,670$16,870$11,326$7,493$3,113
33 years$33,847$23,363$15,751$10,415$6,781$2,724
34 years$32,493$22,143$14,717$9,582$6,140$2,383
35 years$31,218$21,002$13,759$8,821$5,561$2,086
36 years$30,018$19,934$12,872$8,124$5,038$1,826
37 years$28,884$18,933$12,048$7,485$4,566$1,598
38 years$27,813$17,993$11,282$6,899$4,140$1,400
39 years$26,800$17,109$10,570$6,362$3,754$1,226
40 years$25,839$16,278$9,907$5,868$3,405$1,073
41 years$24,928$15,495$9,290$5,414$3,089$940
42 years$24,062$14,757$8,714$4,996$2,803$823
43 years$23,239$14,061$8,177$4,612$2,544$721
44 years$22,456$13,403$7,676$4,258$2,309$632
45 years$21,709$12,781$7,207$3,933$2,096$554
46 years$20,997$12,192$6,769$3,633$1,903$485
47 years$20,318$11,635$6,360$3,356$1,728$425
48 years$19,668$11,107$5,976$3,101$1,570$372
49 years$19,047$10,607$5,617$2,866$1,426$326
50 years$18,453$10,132$5,281$2,649$1,295$286

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 $5,155 every year, while hoping to spend $34,182 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: 80/9/11 Blend
54$18,900,000$18,900,000$18,900,000$18,900,000
55$20,833,117$19,831,417$19,538,467$22,459,514
56$22,921,726$20,766,787$20,156,637$24,463,155
57$25,222,227$21,746,845$20,794,369$26,656,408
58$27,756,197$22,773,744$21,452,284$29,062,207
59$30,547,414$23,849,741$22,131,019$31,701,799
60$33,622,077$24,977,206$22,831,236$34,598,583
61$37,009,059$26,158,619$23,553,612$37,778,323
62$40,740,175$27,396,583$24,298,850$41,269,394
63$44,850,485$28,693,828$25,067,674$45,103,044
64$49,378,624$30,053,215$25,860,830$49,313,688
65$54,367,164$31,477,743$26,679,088$53,939,230
66$59,863,021$32,970,558$27,523,244$59,021,418
67$65,917,893$34,534,960$28,394,116$64,606,233
68$72,588,750$36,174,405$29,292,552$70,744,324
69$79,938,373$37,892,521$30,219,422$77,491,480
70$88,035,943$39,693,110$31,175,629$84,909,151
71$96,957,696$41,580,160$32,162,100$93,065,031
72$106,787,644$43,557,851$33,179,793$102,033,687
73$117,618,365$45,630,567$34,229,697$111,897,263
74$129,551,879$47,802,905$35,312,832$122,746,249
75$142,700,608$50,079,685$36,430,250$134,680,333
76$157,188,443$52,465,963$37,583,037$147,809,337
77$173,151,907$54,967,038$38,772,311$162,254,247
78$190,741,447$57,588,468$39,999,229$178,148,353
79$210,122,853$60,336,082$41,264,982$195,638,504
80$231,478,825$63,215,990$42,570,799$214,886,482
81$255,010,695$66,234,603$43,917,950$236,070,533
82$280,940,327$69,398,640$45,307,743$259,387,035
83$309,512,216$72,715,149$46,741,528$285,052,354
84$340,995,791$76,191,520$48,220,698$313,304,875
85$375,687,960$79,835,504$49,746,691$344,407,247
86$413,915,915$83,655,226$51,320,987$378,648,858
87$456,040,216$87,659,210$52,945,118$416,348,558
88$502,458,199$91,856,392$54,620,661$457,857,661
89$553,607,726$96,256,146$56,349,244$503,563,256
90$609,971,317$100,868,300$58,132,546$553,891,852
91$672,080,705$105,703,161$59,972,300$609,313,395
92$740,521,859$110,771,537$61,870,294$670,345,700
93$815,940,512$116,084,766$63,828,372$737,559,323
94$899,048,258$121,654,733$65,848,436$811,582,948
95$990,629,271$127,493,906$67,932,450$893,109,300
96$1,091,547,708$133,615,358$70,082,438$982,901,686
97$1,202,755,863$140,032,800$72,300,489$1,081,801,181
98$1,325,303,165$146,760,611$74,588,759$1,190,734,564
99$1,460,346,078$153,813,871$76,949,472$1,310,723,049
100$1,609,159,019$161,208,392$79,384,921$1,442,891,919