Can I retire at age 55 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,462,253
2 years$764,470$750,232$736,434$723,055$710,078$681,068
3 years$504,584$490,285$476,521$463,268$450,503$422,298
4 years$374,667$360,411$346,785$333,759$321,302$294,120
5 years$296,736$282,567$269,120$256,359$244,249$218,167
6 years$244,800$230,737$217,489$205,012$193,266$168,313
7 years$207,717$193,773$180,734$168,552$157,177$133,359
8 years$179,918$166,099$153,277$141,394$130,393$107,704
9 years$158,307$144,619$132,017$120,436$109,810$88,234
10 years$141,029$127,475$115,096$103,817$93,564$73,082
11 years$126,902$113,483$101,328$90,352$80,468$61,055
12 years$115,137$101,856$89,926$79,251$69,732$51,360
13 years$105,190$92,048$80,343$69,967$60,807$43,448
14 years$96,672$83,669$72,189$62,109$53,303$36,923
15 years$89,296$76,434$65,177$55,390$46,933$31,497
16 years$82,848$70,126$59,092$49,596$41,479$26,955
17 years$77,165$64,584$53,772$44,561$36,778$23,128
18 years$72,119$59,678$49,087$40,159$32,702$19,890
19 years$67,609$55,309$44,936$36,287$29,148$17,138
20 years$63,555$51,396$41,240$32,865$26,035$14,790
21 years$59,893$47,873$37,933$29,827$23,299$12,782
22 years$56,567$44,688$34,961$27,119$20,884$11,059
23 years$53,535$41,796$32,281$24,698$18,747$9,579
24 years$50,760$39,160$29,854$22,526$16,850$8,304
25 years$48,211$36,750$27,651$20,572$15,162$7,204
26 years$45,862$34,539$25,645$18,810$13,658$6,254
27 years$43,691$32,505$23,813$17,217$12,314$5,432
28 years$41,678$30,629$22,138$15,775$11,111$4,721
29 years$39,808$28,895$20,601$14,466$10,033$4,104
30 years$38,065$27,288$19,189$13,276$9,065$3,569
31 years$36,438$25,797$17,889$12,193$8,196$3,105
32 years$34,916$24,409$16,691$11,206$7,414$2,702
33 years$33,489$23,116$15,585$10,305$6,709$2,352
34 years$32,149$21,908$14,561$9,481$6,075$2,048
35 years$30,888$20,780$13,614$8,728$5,502$1,783
36 years$29,700$19,723$12,735$8,038$4,985$1,553
37 years$28,579$18,732$11,920$7,406$4,518$1,353
38 years$27,519$17,802$11,163$6,826$4,096$1,178
39 years$26,516$16,928$10,458$6,294$3,714$1,027
40 years$25,566$16,106$9,802$5,806$3,369$895
41 years$24,664$15,331$9,192$5,356$3,057$779
42 years$23,808$14,601$8,622$4,943$2,774$679
43 years$22,993$13,912$8,091$4,563$2,517$592
44 years$22,218$13,261$7,594$4,213$2,285$516
45 years$21,480$12,645$7,131$3,891$2,074$450
46 years$20,775$12,063$6,698$3,594$1,883$392
47 years$20,103$11,512$6,292$3,321$1,710$342
48 years$19,460$10,990$5,913$3,068$1,553$298
49 years$18,846$10,495$5,558$2,836$1,410$260
50 years$18,258$10,025$5,225$2,621$1,281$226

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $18,700,000, adding $4,629 every year, while hoping to spend $53,997 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: 61/17/22 Blend
54$18,700,000$18,700,000$18,700,000$18,700,000
55$20,612,175$19,621,075$19,331,225$21,749,911
56$22,657,164$20,525,055$19,921,368$23,424,830
57$24,908,933$21,471,521$20,529,472$25,245,703
58$27,388,515$22,462,496$21,156,081$27,231,866
59$30,119,089$23,500,104$21,801,755$29,399,406
60$33,126,196$24,586,569$22,467,073$31,766,020
61$36,437,978$25,724,221$23,152,630$34,351,179
62$40,085,449$26,915,505$23,859,041$37,176,305
63$44,102,782$28,162,982$24,586,936$40,264,971
64$48,527,635$29,469,337$25,336,967$43,643,117
65$53,401,503$30,837,384$26,109,805$47,339,293
66$58,770,113$32,270,073$26,906,140$51,384,921
67$64,683,854$33,770,495$27,726,685$55,814,586
68$71,198,251$35,341,893$28,572,173$60,666,358
69$78,374,490$36,987,664$29,443,358$65,982,146
70$86,279,998$38,711,369$30,341,020$71,808,087
71$94,989,073$40,516,742$31,265,960$78,194,975
72$104,583,592$42,407,696$32,219,004$85,198,735
73$115,153,780$44,388,335$33,201,002$92,880,942
74$126,799,061$46,462,958$34,212,831$101,309,399
75$139,628,998$48,636,076$35,255,393$110,558,765
76$153,764,326$50,912,413$36,329,619$120,711,255
77$169,338,092$53,296,927$37,436,466$131,857,409
78$186,496,911$55,794,810$38,576,922$144,096,934
79$205,402,350$58,411,509$39,752,002$157,539,640
80$226,232,449$61,152,733$40,962,754$172,306,469
81$249,183,410$64,024,467$42,210,257$188,530,621
82$274,471,438$67,032,987$43,495,621$206,358,809
83$302,334,792$70,184,871$44,819,992$225,952,626
84$333,036,028$73,487,016$46,184,548$247,490,067
85$366,864,476$76,946,653$47,590,504$271,167,192
86$404,138,978$80,571,364$49,039,111$297,199,969
87$445,210,890$84,369,098$50,531,657$325,826,297
88$490,467,403$88,348,186$52,069,471$357,308,243
89$540,335,199$92,517,368$53,653,918$391,934,499
90$595,284,473$96,885,803$55,286,409$430,023,095
91$655,833,379$101,463,097$56,968,393$471,924,387
92$722,552,915$106,259,320$58,701,365$518,024,347
93$796,072,316$111,285,030$60,486,865$568,748,193
94$877,084,994$116,551,299$62,326,477$624,564,387
95$966,355,085$122,069,734$64,221,835$685,989,035
96$1,064,724,659$127,852,506$66,174,622$753,590,750
97$1,173,121,672$133,912,377$68,186,570$827,995,991
98$1,292,568,726$140,262,726$70,259,463$909,894,964
99$1,424,192,722$146,917,586$72,395,141$1,000,048,115
100$1,569,235,497$153,891,665$74,595,496$1,099,293,288