Can I retire at age 55 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%14.5%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,439,974
2 years$752,205$738,196$724,619$711,455$698,687$671,317
3 years$496,489$482,419$468,877$455,836$443,275$416,656
4 years$368,656$354,629$341,222$328,404$316,148$290,484
5 years$291,976$278,034$264,802$252,246$240,331$215,696
6 years$240,873$227,035$214,000$201,723$190,165$166,588
7 years$204,385$190,664$177,835$165,848$154,655$132,140
8 years$177,031$163,434$150,818$139,126$128,302$106,843
9 years$155,768$142,299$129,899$118,504$108,048$87,634
10 years$138,767$125,430$113,249$102,152$92,063$72,674
11 years$124,866$111,663$99,703$88,903$79,177$60,791
12 years$113,290$100,222$88,484$77,980$68,613$51,205
13 years$103,503$90,572$79,054$68,844$59,832$43,373
14 years$95,121$82,327$71,031$61,112$52,448$36,910
15 years$87,863$75,207$64,131$54,501$46,180$31,530
16 years$81,519$69,001$58,144$48,800$40,814$27,020
17 years$75,927$63,548$52,909$43,846$36,188$23,218
18 years$70,962$58,721$48,299$39,514$32,177$19,996
19 years$66,524$54,422$44,216$35,705$28,680$17,254
20 years$62,536$50,571$40,579$32,337$25,617$14,913
21 years$58,932$47,105$37,325$29,348$22,925$12,908
22 years$55,660$43,971$34,400$26,684$20,549$11,186
23 years$52,677$41,125$31,763$24,302$18,446$9,703
24 years$49,946$38,532$29,375$22,165$16,580$8,425
25 years$47,438$36,160$27,207$20,242$14,919$7,321
26 years$45,127$33,985$25,233$18,508$13,439$6,365
27 years$42,990$31,984$23,431$16,941$12,116$5,538
28 years$41,010$30,138$21,783$15,522$10,932$4,820
29 years$39,169$28,432$20,270$14,234$9,872$4,198
30 years$37,454$26,851$18,881$13,063$8,920$3,657
31 years$35,854$25,383$17,602$11,997$8,064$3,187
32 years$34,356$24,017$16,423$11,026$7,295$2,778
33 years$32,952$22,745$15,335$10,139$6,602$2,422
34 years$31,633$21,557$14,328$9,329$5,977$2,112
35 years$30,392$20,446$13,395$8,588$5,414$1,842
36 years$29,223$19,407$12,531$7,909$4,905$1,607
37 years$28,120$18,432$11,729$7,287$4,446$1,402
38 years$27,078$17,517$10,984$6,717$4,030$1,224
39 years$26,091$16,657$10,290$6,193$3,655$1,068
40 years$25,156$15,848$9,645$5,712$3,315$932
41 years$24,269$15,085$9,044$5,270$3,008$814
42 years$23,426$14,367$8,484$4,864$2,729$710
43 years$22,625$13,689$7,961$4,490$2,477$620
44 years$21,862$13,048$7,473$4,146$2,248$541
45 years$21,135$12,443$7,017$3,829$2,041$473
46 years$20,442$11,870$6,590$3,537$1,853$413
47 years$19,780$11,327$6,191$3,267$1,683$360
48 years$19,148$10,813$5,818$3,019$1,528$315
49 years$18,543$10,326$5,469$2,790$1,388$275
50 years$17,965$9,864$5,141$2,579$1,261$240

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $18,400,000, adding $4,480 every year, while hoping to spend $52,563 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: 59/35/6 Blend
54$18,400,000$18,400,000$18,400,000$18,400,000
55$20,281,421$19,306,221$19,021,021$21,453,980
56$22,294,199$20,196,299$19,602,299$23,130,290
57$24,510,519$21,128,230$20,201,287$24,950,738
58$26,951,087$22,104,007$20,818,525$26,934,222
59$29,638,718$23,125,724$21,454,566$29,096,379
60$32,598,554$24,195,571$22,109,980$31,454,395
61$35,858,298$25,315,846$22,785,357$34,027,163
62$39,448,480$26,488,958$23,481,301$36,835,454
63$43,402,738$27,717,430$24,198,438$39,902,105
64$47,758,141$29,003,908$24,937,410$43,252,229
65$52,555,538$30,351,166$25,698,880$46,913,444
66$57,839,941$31,762,111$26,483,530$50,916,126
67$63,660,950$33,239,789$27,292,063$55,293,687
68$70,073,224$34,787,396$28,125,204$60,082,883
69$77,136,994$36,408,280$28,983,700$65,324,151
70$84,918,633$38,105,950$29,868,319$71,061,981
71$93,491,278$39,884,087$30,779,853$77,345,326
72$102,935,529$41,746,548$31,719,118$84,228,058
73$113,340,199$43,697,375$32,686,955$91,769,458
74$124,803,161$45,740,808$33,684,229$100,034,771
75$137,432,267$47,881,290$34,711,834$109,095,807
76$151,346,365$50,123,481$35,770,688$119,031,607
77$166,676,426$52,472,263$36,861,737$129,929,177
78$183,566,774$54,932,756$37,985,958$141,884,294
79$202,176,451$57,510,328$39,144,355$155,002,399
80$222,680,721$60,210,606$40,337,962$169,399,573
81$245,272,718$63,039,489$41,567,847$185,203,622
82$270,165,274$66,003,163$42,835,109$202,555,262
83$297,592,924$69,108,110$44,140,877$221,609,437
84$327,814,125$72,361,130$45,486,319$242,536,758
85$361,113,690$75,769,349$46,872,635$265,525,095
86$397,805,480$79,340,241$48,301,062$290,781,336
87$438,235,366$83,081,640$49,772,874$318,533,315
88$482,784,492$87,001,759$51,289,385$349,031,943
89$531,872,877$91,109,212$52,851,945$382,553,551
90$585,963,374$95,413,027$54,461,950$419,402,482
91$645,566,046$99,922,673$56,120,832$459,913,932
92$711,242,973$104,648,075$57,830,071$504,457,092
93$783,613,567$109,599,641$59,591,189$553,438,605
94$863,360,411$114,788,284$61,405,754$607,306,380
95$951,235,709$120,225,445$63,275,382$666,553,785
96$1,048,068,382$125,923,122$65,201,738$731,724,276
97$1,154,771,896$131,893,895$67,186,536$803,416,497
98$1,272,352,886$138,150,952$69,231,541$882,289,893
99$1,401,920,655$144,708,124$71,338,573$969,070,902
100$1,544,697,653$151,579,913$73,509,506$1,064,559,777