Can I retire at age 54 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,409,248
2 years$735,853$722,148$708,867$695,989$683,498$657,299
3 years$485,696$471,932$458,684$445,927$433,639$408,154
4 years$360,642$346,920$333,804$321,265$309,275$284,701
5 years$285,629$271,990$259,046$246,762$235,106$211,512
6 years$235,636$222,100$209,347$197,338$186,031$163,445
7 years$199,942$186,519$173,969$162,242$151,293$129,720
8 years$173,183$159,881$147,539$136,101$125,512$104,948
9 years$152,381$139,205$127,076$115,928$105,700$86,131
10 years$135,750$122,703$110,787$99,931$90,061$71,471
11 years$122,151$109,235$97,535$86,970$77,456$59,822
12 years$110,827$98,044$86,560$76,284$67,122$50,421
13 years$101,253$88,603$77,336$67,348$58,531$42,738
14 years$93,053$80,537$69,487$59,784$51,308$36,394
15 years$85,953$73,572$62,737$53,317$45,176$31,110
16 years$79,747$67,501$56,880$47,739$39,926$26,679
17 years$74,276$62,166$51,759$42,893$35,402$22,942
18 years$69,419$57,444$47,249$38,655$31,477$19,772
19 years$65,078$53,239$43,254$34,929$28,057$17,074
20 years$61,176$49,472$39,697$31,634$25,061$14,769
21 years$57,651$46,081$36,513$28,710$22,426$12,792
22 years$54,450$43,015$33,653$26,104$20,102$11,094
23 years$51,531$40,231$31,072$23,774$18,045$9,631
24 years$48,860$37,694$28,737$21,683$16,219$8,369
25 years$46,407$35,374$26,616$19,802$14,595$7,278
26 years$44,146$33,246$24,685$18,106$13,146$6,333
27 years$42,055$31,288$22,922$16,573$11,853$5,514
28 years$40,118$29,483$21,309$15,184$10,695$4,804
29 years$38,318$27,814$19,830$13,924$9,657$4,187
30 years$36,640$26,267$18,471$12,779$8,726$3,650
31 years$35,074$24,831$17,220$11,737$7,889$3,183
32 years$33,609$23,495$16,066$10,786$7,136$2,777
33 years$32,235$22,250$15,001$9,919$6,458$2,424
34 years$30,945$21,088$14,016$9,126$5,847$2,115
35 years$29,732$20,002$13,104$8,401$5,296$1,847
36 years$28,588$18,985$12,259$7,737$4,798$1,612
37 years$27,509$18,031$11,474$7,129$4,349$1,408
38 years$26,489$17,136$10,745$6,571$3,943$1,230
39 years$25,524$16,295$10,067$6,059$3,575$1,074
40 years$24,609$15,503$9,436$5,588$3,243$938
41 years$23,741$14,757$8,848$5,156$2,942$820
42 years$22,917$14,054$8,299$4,758$2,670$716
43 years$22,133$13,391$7,788$4,392$2,423$626
44 years$21,387$12,764$7,310$4,056$2,199$547
45 years$20,676$12,172$6,864$3,745$1,997$478
46 years$19,997$11,612$6,447$3,460$1,813$417
47 years$19,350$11,081$6,057$3,196$1,646$365
48 years$18,732$10,578$5,692$2,954$1,495$319
49 years$18,140$10,102$5,350$2,730$1,358$279
50 years$17,574$9,650$5,030$2,523$1,233$244

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $18,000,000, adding $2,747 every year, while hoping to spend $39,397 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: 38/50/12 Blend
53$18,000,000$18,000,000$18,000,000$18,000,000
54$19,838,834$18,884,834$18,605,834$20,520,110
55$21,820,476$19,768,272$19,187,211$21,888,420
56$24,002,927$20,693,679$19,786,744$23,362,161
57$26,406,624$21,663,069$20,404,999$24,953,946
58$29,054,095$22,678,554$21,042,561$26,674,388
59$31,970,158$23,742,348$21,700,032$28,535,116
60$35,182,164$24,856,774$22,378,034$30,548,878
61$38,720,254$26,024,264$23,077,207$32,729,652
62$42,617,638$27,247,372$23,798,212$35,092,767
63$46,910,915$28,528,770$24,541,729$37,655,034
64$51,640,413$29,871,265$25,308,462$40,434,902
65$56,850,575$31,277,797$26,099,136$43,452,612
66$62,590,373$32,751,449$26,914,496$46,730,382
67$68,913,773$34,295,451$27,755,314$50,292,602
68$75,880,244$35,913,195$28,622,383$54,166,050
69$83,555,319$37,608,231$29,516,523$58,380,136
70$92,011,213$39,384,286$30,438,578$62,967,157
71$101,327,506$41,245,266$31,389,419$67,962,596
72$111,591,892$43,195,264$32,369,945$73,405,436
73$122,901,008$45,238,575$33,381,082$79,338,509
74$135,361,347$47,379,701$34,423,784$85,808,892
75$149,090,260$49,623,362$35,499,036$92,868,325
76$164,217,066$51,974,507$36,607,853$100,573,683
77$180,884,274$54,438,325$37,751,284$108,987,494
78$199,248,926$57,020,258$38,930,407$118,178,510
79$219,484,076$59,726,011$40,146,336$128,222,330
80$241,780,433$62,561,566$41,400,220$139,202,095
81$266,348,151$65,533,197$42,693,241$151,209,246
82$293,418,819$68,647,480$44,026,621$164,344,365
83$323,247,644$71,911,312$45,401,618$178,718,096
84$356,115,863$75,331,926$46,819,532$194,452,165
85$392,333,395$78,916,904$48,281,699$211,680,496
86$432,241,766$82,674,197$49,789,502$230,550,449
87$476,217,338$86,612,145$51,344,362$251,224,179
88$524,674,856$90,739,490$52,947,748$273,880,133
89$578,071,367$95,065,400$54,601,172$298,714,700
90$636,910,531$99,599,489$56,306,196$325,944,031
91$701,747,380$104,351,839$58,064,429$355,806,037
92$773,193,556$109,333,022$59,877,530$388,562,599
93$851,923,081$114,554,123$61,747,210$424,502,000
94$938,678,727$120,026,766$63,675,233$463,941,598
95$1,034,279,023$125,763,144$65,663,419$507,230,781
96$1,139,625,984$131,776,038$67,713,644$554,754,213
97$1,255,713,625$138,078,855$69,827,842$606,935,421
98$1,383,637,348$144,685,653$72,008,009$664,240,736
99$1,524,604,281$151,611,172$74,256,200$727,183,642
100$1,679,944,672$158,870,874$76,574,537$796,329,565