Can I retire at age 54 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,401,923
2 years$748,117$734,184$720,681$707,589$694,889$637,818
3 years$493,791$479,798$466,328$453,359$440,866$385,864
4 years$366,652$352,702$339,368$326,620$314,430$261,915
5 years$290,389$276,523$263,363$250,875$239,024$189,132
6 years$239,564$225,802$212,837$200,627$189,132$141,894
7 years$203,274$189,628$176,868$164,946$153,815$109,216
8 years$176,069$162,546$149,998$138,369$127,604$85,599
9 years$154,921$141,526$129,193$117,860$107,461$67,986
10 years$138,012$124,748$112,634$101,597$91,562$54,542
11 years$124,187$111,056$99,161$88,419$78,747$44,095
12 years$112,674$99,678$88,003$77,556$68,240$35,866
13 years$102,940$90,079$78,625$68,470$59,507$29,312
14 years$94,604$81,880$70,645$60,780$52,163$24,048
15 years$87,386$74,799$63,783$54,205$45,929$19,790
16 years$81,076$68,626$57,828$48,535$40,592$16,327
17 years$75,514$63,202$52,621$43,608$35,992$13,497
18 years$70,576$58,402$48,037$39,300$32,002$11,177
19 years$66,163$54,126$43,975$35,511$28,524$9,268
20 years$62,196$50,297$40,358$32,162$25,478$7,694
21 years$58,611$46,849$37,122$29,189$22,800$6,393
22 years$55,357$43,732$34,214$26,539$20,437$5,316
23 years$52,390$40,902$31,590$24,170$18,346$4,423
24 years$49,675$38,322$29,216$22,044$16,489$3,683
25 years$47,180$35,964$27,059$20,132$14,838$3,067
26 years$44,881$33,800$25,096$18,408$13,365$2,556
27 years$42,756$31,810$23,304$16,849$12,050$2,130
28 years$40,787$29,974$21,664$15,437$10,873$1,776
29 years$38,956$28,277$20,160$14,156$9,818$1,481
30 years$37,251$26,705$18,779$12,992$8,871$1,235
31 years$35,659$25,245$17,507$11,932$8,020$1,030
32 years$34,169$23,887$16,334$10,966$7,255$859
33 years$32,773$22,621$15,251$10,084$6,566$717
34 years$31,461$21,440$14,250$9,278$5,945$598
35 years$30,227$20,335$13,323$8,541$5,384$499
36 years$29,065$19,301$12,463$7,866$4,878$416
37 years$27,967$18,332$11,665$7,248$4,421$348
38 years$26,930$17,422$10,924$6,680$4,008$290
39 years$25,949$16,566$10,235$6,160$3,635$242
40 years$25,019$15,761$9,593$5,681$3,297$202
41 years$24,137$15,003$8,995$5,242$2,991$169
42 years$23,299$14,289$8,438$4,838$2,714$141
43 years$22,502$13,614$7,918$4,466$2,463$117
44 years$21,743$12,977$7,432$4,123$2,236$98
45 years$21,020$12,375$6,978$3,808$2,030$82
46 years$20,331$11,805$6,554$3,517$1,843$68
47 years$19,673$11,266$6,158$3,250$1,674$57
48 years$19,044$10,755$5,786$3,003$1,520$48
49 years$18,443$10,270$5,439$2,775$1,380$40
50 years$17,867$9,810$5,113$2,565$1,254$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $18,300,000, adding $6,705 every year, while hoping to spend $20,524 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: 85/5/10 Blend
53$18,300,000$18,300,000$18,300,000$18,300,000
54$20,173,516$19,203,616$18,919,966$21,858,501
55$22,209,377$20,122,756$19,531,948$23,879,609
56$24,452,209$21,086,246$20,163,743$26,096,364
57$26,923,099$22,096,237$20,815,993$28,531,297
58$29,645,289$23,154,986$21,489,362$31,206,363
59$32,644,386$24,264,859$22,184,534$34,145,747
60$35,948,613$25,428,336$22,902,216$37,376,085
61$39,589,068$26,648,021$23,643,136$40,926,720
62$43,600,021$27,926,642$24,408,049$44,829,974
63$48,019,236$29,267,061$25,197,732$49,121,451
64$52,888,330$30,672,278$26,012,988$53,840,372
65$58,253,162$32,145,442$26,854,645$59,029,947
66$64,164,269$33,689,853$27,723,560$64,737,774
67$70,677,341$35,308,972$28,620,616$71,016,292
68$77,853,748$37,006,430$29,546,725$77,923,270
69$85,761,120$38,786,035$30,502,829$85,522,354
70$94,473,981$40,651,778$31,489,901$93,883,662
71$104,074,459$42,607,847$32,508,945$103,084,445
72$114,653,056$44,658,633$33,560,997$113,209,814
73$126,309,504$46,808,743$34,647,127$124,353,542
74$139,153,708$49,063,006$35,768,440$136,618,943
75$153,306,781$51,426,488$36,926,077$150,119,847
76$168,902,188$53,904,501$38,121,216$164,981,673
77$186,087,007$56,502,617$39,355,073$181,342,605
78$205,023,317$59,226,681$40,628,903$199,354,900
79$225,889,727$62,082,819$41,944,003$219,186,316
80$248,883,062$65,077,461$43,301,710$241,021,695
81$274,220,224$68,217,346$44,703,407$265,064,705
82$302,140,236$71,509,545$46,150,520$291,539,758
83$332,906,500$74,961,473$47,644,522$320,694,123
84$366,809,283$78,580,905$49,186,934$352,800,259
85$404,168,460$82,375,999$50,779,326$388,158,383
86$445,336,528$86,355,309$52,423,319$427,099,295
87$490,701,940$90,527,805$54,120,587$469,987,503
88$540,692,769$94,902,898$55,872,857$517,224,655
89$595,780,748$99,490,457$57,681,914$569,253,325
90$656,485,726$104,300,831$59,549,600$626,561,190
91$723,380,575$109,344,877$61,477,816$689,685,625
92$797,096,598$114,633,980$63,468,527$759,218,771
93$878,329,488$120,180,082$65,523,760$835,813,121
94$967,845,897$125,995,708$67,645,608$920,187,671
95$1,066,490,675$132,093,993$69,836,232$1,013,134,704
96$1,175,194,841$138,488,717$72,097,863$1,115,527,259
97$1,294,984,380$145,194,328$74,432,806$1,228,327,372
98$1,426,989,920$152,225,984$76,843,439$1,352,595,146
99$1,572,457,415$159,599,581$79,332,218$1,489,498,750
100$1,732,759,903$167,331,791$81,901,678$1,640,325,447