Can I retire at age 54 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,451,150
2 years$768,558$754,244$740,372$726,922$713,875$665,971
3 years$507,282$492,907$479,070$465,746$452,912$406,594
4 years$376,670$362,339$348,640$335,544$323,021$278,644
5 years$298,323$284,078$270,559$257,730$245,555$203,239
6 years$246,109$231,971$218,652$206,108$194,299$154,079
7 years$208,828$194,809$181,701$169,453$158,017$119,890
8 years$180,880$166,987$154,097$142,150$131,091$95,029
9 years$159,154$145,392$132,723$121,080$110,397$76,360
10 years$141,783$128,156$115,711$104,372$94,064$61,999
11 years$127,580$114,090$101,870$90,835$80,898$50,747
12 years$115,753$102,401$90,407$79,675$70,105$41,803
13 years$105,753$92,541$80,773$70,341$61,133$34,611
14 years$97,189$84,117$72,575$62,441$53,589$28,774
15 years$89,773$76,842$65,525$55,686$47,184$24,002
16 years$83,291$70,501$59,408$49,861$41,701$20,076
17 years$77,577$64,929$54,059$44,800$36,975$16,830
18 years$72,504$59,997$49,349$40,373$32,876$14,136
19 years$67,971$55,605$45,177$36,481$29,303$11,892
20 years$63,895$51,671$41,461$33,040$26,174$10,017
21 years$60,213$48,129$38,136$29,986$23,423$8,446
22 years$56,870$44,927$35,148$27,264$20,996$7,129
23 years$53,822$42,019$32,453$24,830$18,847$6,021
24 years$51,032$39,369$30,014$22,647$16,940$5,089
25 years$48,469$36,946$27,799$20,682$15,243$4,304
26 years$46,108$34,723$25,782$18,911$13,731$3,641
27 years$43,925$32,679$23,941$17,309$12,379$3,082
28 years$41,901$30,793$22,256$15,859$11,170$2,609
29 years$40,021$29,050$20,711$14,543$10,086$2,210
30 years$38,269$27,434$19,292$13,347$9,114$1,872
31 years$36,633$25,935$17,985$12,258$8,240$1,586
32 years$35,103$24,539$16,780$11,266$7,453$1,344
33 years$33,668$23,239$15,668$10,360$6,745$1,139
34 years$32,321$22,026$14,639$9,532$6,107$965
35 years$31,053$20,891$13,687$8,775$5,531$818
36 years$29,859$19,828$12,804$8,081$5,012$694
37 years$28,732$18,833$11,984$7,446$4,542$588
38 years$27,666$17,898$11,222$6,863$4,118$499
39 years$26,658$17,019$10,514$6,328$3,734$423
40 years$25,703$16,192$9,855$5,837$3,387$359
41 years$24,796$15,413$9,241$5,385$3,073$304
42 years$23,935$14,679$8,668$4,970$2,788$258
43 years$23,116$13,986$8,134$4,588$2,531$219
44 years$22,337$13,332$7,635$4,236$2,297$185
45 years$21,594$12,713$7,169$3,912$2,085$157
46 years$20,886$12,128$6,733$3,614$1,893$133
47 years$20,210$11,574$6,326$3,338$1,719$113
48 years$19,564$11,049$5,945$3,085$1,561$96
49 years$18,946$10,551$5,588$2,851$1,418$81
50 years$18,355$10,079$5,253$2,635$1,288$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $18,800,000, adding $5,602 every year, while hoping to spend $41,911 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: 30/46/24 Blend
53$18,800,000$18,800,000$18,800,000$18,800,000
54$20,723,378$19,726,978$19,435,578$21,190,652
55$22,792,570$20,649,007$20,042,077$22,473,161
56$25,071,415$21,614,811$20,667,489$23,847,799
57$27,581,252$22,626,490$21,312,404$25,325,780
58$30,345,599$23,686,247$21,977,428$26,916,092
59$33,390,367$24,796,390$22,663,189$28,628,572
60$36,744,112$25,959,341$23,370,333$30,473,987
61$40,438,298$27,177,635$24,099,526$32,464,130
62$44,507,599$28,453,934$24,851,455$34,611,918
63$48,990,223$29,791,026$25,626,828$36,931,504
64$53,928,275$31,191,836$26,426,376$39,438,401
65$59,368,152$32,659,428$27,250,851$42,149,613
66$65,360,980$34,197,017$28,101,032$45,083,786
67$71,963,101$35,807,971$28,977,717$48,261,371
68$79,236,600$37,495,825$29,881,734$51,704,804
69$87,249,894$39,264,281$30,813,933$55,438,701
70$96,078,376$41,117,223$31,775,192$59,490,079
71$105,805,126$43,058,723$32,766,417$63,888,594
72$116,521,697$45,093,049$33,788,540$68,666,805
73$128,328,979$47,224,677$34,842,525$73,860,464
74$141,338,148$49,458,300$35,929,363$79,508,837
75$155,671,721$51,798,838$37,050,078$85,655,057
76$171,464,706$54,251,451$38,205,725$92,346,508
77$188,865,882$56,821,547$39,397,393$99,635,257
78$208,039,198$59,514,799$40,626,202$107,578,521
79$229,165,326$62,337,154$41,893,309$116,239,186
80$252,443,362$65,294,848$43,199,908$125,686,380
81$278,092,708$68,394,418$44,547,227$135,996,096
82$306,355,140$71,642,721$45,936,536$147,251,889
83$337,497,096$75,046,946$47,369,142$159,545,637
84$371,812,184$78,614,630$48,846,392$172,978,377
85$409,623,958$82,353,678$50,369,677$187,661,236
86$451,288,971$86,272,377$51,940,430$203,716,447
87$497,200,141$90,379,419$53,560,130$221,278,467
88$547,790,461$94,683,917$55,230,301$240,495,220
89$603,537,085$99,195,426$56,952,513$261,529,454
90$664,965,833$103,923,966$58,728,387$284,560,242
91$732,656,154$108,880,046$60,559,593$309,784,636
92$807,246,597$114,074,684$62,447,855$337,419,484
93$889,440,840$119,519,434$64,394,949$367,703,438
94$980,014,331$125,226,412$66,402,705$400,899,163
95$1,079,821,611$131,208,324$68,473,013$437,295,768
96$1,189,804,375$137,478,492$70,607,820$477,211,492
97$1,311,000,372$144,050,889$72,809,132$520,996,653
98$1,444,553,193$150,940,166$75,079,021$569,036,906
99$1,591,723,072$158,161,687$77,419,622$621,756,830
100$1,753,898,780$165,731,564$79,833,133$679,623,871