Can I retire at age 54 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,424,270
2 years$752,205$738,196$724,619$711,455$698,687$655,741
3 years$496,489$482,419$468,877$455,836$443,275$401,702
4 years$368,656$354,629$341,222$328,404$316,148$276,266
5 years$291,976$278,034$264,802$252,246$240,331$202,249
6 years$240,873$227,035$214,000$201,723$190,165$153,918
7 years$204,385$190,664$177,835$165,848$154,655$120,242
8 years$177,031$163,434$150,818$139,126$128,302$95,702
9 years$155,768$142,299$129,899$118,504$108,048$77,229
10 years$138,767$125,430$113,249$102,152$92,063$62,981
11 years$124,866$111,663$99,703$88,903$79,177$51,785
12 years$113,290$100,222$88,484$77,980$68,613$42,855
13 years$103,503$90,572$79,054$68,844$59,832$35,651
14 years$95,121$82,327$71,031$61,112$52,448$29,783
15 years$87,863$75,207$64,131$54,501$46,180$24,966
16 years$81,519$69,001$58,144$48,800$40,814$20,988
17 years$75,927$63,548$52,909$43,846$36,188$17,686
18 years$70,962$58,721$48,299$39,514$32,177$14,932
19 years$66,524$54,422$44,216$35,705$28,680$12,628
20 years$62,536$50,571$40,579$32,337$25,617$10,694
21 years$58,932$47,105$37,325$29,348$22,925$9,066
22 years$55,660$43,971$34,400$26,684$20,549$7,694
23 years$52,677$41,125$31,763$24,302$18,446$6,535
24 years$49,946$38,532$29,375$22,165$16,580$5,554
25 years$47,438$36,160$27,207$20,242$14,919$4,723
26 years$45,127$33,985$25,233$18,508$13,439$4,019
27 years$42,990$31,984$23,431$16,941$12,116$3,421
28 years$41,010$30,138$21,783$15,522$10,932$2,913
29 years$39,169$28,432$20,270$14,234$9,872$2,481
30 years$37,454$26,851$18,881$13,063$8,920$2,114
31 years$35,854$25,383$17,602$11,997$8,064$1,801
32 years$34,356$24,017$16,423$11,026$7,295$1,535
33 years$32,952$22,745$15,335$10,139$6,602$1,309
34 years$31,633$21,557$14,328$9,329$5,977$1,116
35 years$30,392$20,446$13,395$8,588$5,414$951
36 years$29,223$19,407$12,531$7,909$4,905$811
37 years$28,120$18,432$11,729$7,287$4,446$692
38 years$27,078$17,517$10,984$6,717$4,030$590
39 years$26,091$16,657$10,290$6,193$3,655$503
40 years$25,156$15,848$9,645$5,712$3,315$429
41 years$24,269$15,085$9,044$5,270$3,008$366
42 years$23,426$14,367$8,484$4,864$2,729$312
43 years$22,625$13,689$7,961$4,490$2,477$267
44 years$21,862$13,048$7,473$4,146$2,248$227
45 years$21,135$12,443$7,017$3,829$2,041$194
46 years$20,442$11,870$6,590$3,537$1,853$165
47 years$19,780$11,327$6,191$3,267$1,683$141
48 years$19,148$10,813$5,818$3,019$1,528$120
49 years$18,543$10,326$5,469$2,790$1,388$103
50 years$17,965$9,864$5,141$2,579$1,261$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $18,400,000, adding $5,398 every year, while hoping to spend $40,525 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: 52/35/13 Blend
53$18,400,000$18,400,000$18,400,000$18,400,000
54$20,282,368$19,307,168$19,021,968$21,266,516
55$22,308,051$20,210,101$19,616,086$22,842,278
56$24,538,996$21,155,919$20,228,748$24,550,371
57$26,996,096$22,146,682$20,860,534$26,407,134
58$29,702,375$23,184,547$21,512,039$28,426,633
59$32,683,204$24,271,776$22,183,879$30,624,320
60$35,966,540$25,410,742$22,876,688$33,017,171
61$39,583,190$26,603,932$23,591,120$35,623,841
62$43,567,102$27,853,951$24,327,849$38,464,832
63$47,955,686$29,163,534$25,087,572$41,562,678
64$52,790,165$30,535,546$25,871,004$44,942,150
65$58,115,965$31,972,991$26,678,886$48,630,481
66$63,983,145$33,479,019$27,511,980$52,657,616
67$70,446,866$35,056,931$28,371,072$57,056,483
68$77,567,916$36,710,191$29,256,972$61,863,296
69$85,413,281$38,442,428$30,170,518$67,117,886
70$94,056,777$40,257,447$31,112,571$72,864,065
71$103,579,746$42,159,240$32,084,020$79,150,030
72$114,071,827$44,151,990$33,085,782$86,028,808
73$125,631,799$46,240,083$34,118,801$93,558,741
74$138,368,514$48,428,119$35,184,053$101,804,025
75$152,401,926$50,720,921$36,282,543$110,835,304
76$167,864,221$53,123,544$37,415,306$120,730,321
77$184,901,064$55,641,291$38,583,412$131,574,639
78$203,672,979$58,279,720$39,787,962$143,462,434
79$224,356,857$61,044,660$41,030,093$156,497,364
80$247,147,631$63,942,223$42,310,976$170,793,536
81$272,260,115$66,978,818$43,631,819$186,476,562
82$299,931,030$70,161,163$44,993,869$203,684,726
83$330,421,241$73,496,306$46,398,409$222,570,275
84$364,018,217$76,991,634$47,846,765$243,300,831
85$401,038,745$80,654,894$49,340,302$266,060,953
86$441,831,924$84,494,211$50,880,428$291,053,862
87$486,782,454$88,518,101$52,468,596$318,503,328
88$536,314,274$92,735,498$54,106,304$348,655,766
89$590,894,560$97,155,767$55,795,095$381,782,535
90$651,038,136$101,788,731$57,536,562$418,182,468
91$717,312,335$106,644,688$59,332,347$458,184,672
92$790,342,355$111,734,439$61,184,142$502,151,604
93$870,817,158$117,069,309$63,093,693$550,482,459
94$959,495,977$122,661,174$65,062,801$603,616,911
95$1,057,215,483$128,522,488$67,093,320$662,039,228
96$1,164,897,682$134,666,310$69,187,167$726,282,808
97$1,283,558,621$141,106,335$71,346,313$796,935,182
98$1,414,317,980$147,856,925$73,572,793$874,643,515
99$1,558,409,639$154,933,139$75,868,707$960,120,683
100$1,717,193,331$162,350,772$78,236,217$1,054,151,957