Can I retire at age 53 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,382,839
2 years$727,677$714,125$700,990$688,256$675,903$639,315
3 years$480,299$466,688$453,587$440,972$428,821$393,347
4 years$356,634$343,065$330,095$317,696$305,839$271,752
5 years$282,455$268,967$256,167$244,021$232,494$199,889
6 years$233,018$219,632$207,021$195,145$183,964$152,873
7 years$197,720$184,447$172,036$160,440$149,612$120,037
8 years$171,259$158,105$145,900$134,589$124,118$96,044
9 years$150,688$137,659$125,664$114,640$104,525$77,929
10 years$134,242$121,339$109,556$98,821$89,061$63,910
11 years$120,794$108,021$96,452$86,004$76,595$52,853
12 years$109,596$96,954$85,598$75,437$66,376$43,999
13 years$100,128$87,618$76,477$66,599$57,881$36,825
14 years$92,019$79,643$68,715$59,119$50,738$30,955
15 years$84,998$72,755$62,040$52,724$44,674$26,114
16 years$78,861$66,751$56,248$47,209$39,483$22,095
17 years$73,451$61,475$51,184$42,417$35,008$18,741
18 years$68,648$56,806$46,724$38,226$31,128$15,929
19 years$64,355$52,647$42,774$34,540$27,745$13,562
20 years$60,497$48,922$39,256$31,283$24,782$11,564
21 years$57,010$45,569$36,108$28,391$22,177$9,872
22 years$53,845$42,537$33,279$25,814$19,879$8,437
23 years$50,959$39,784$30,727$23,510$17,844$7,216
24 years$48,317$37,275$28,417$21,442$16,039$6,177
25 years$45,891$34,981$26,320$19,582$14,433$5,291
26 years$43,655$32,876$24,411$17,905$13,000$4,535
27 years$41,588$30,941$22,667$16,389$11,721$3,888
28 years$39,672$29,155$21,072$15,016$10,576$3,335
29 years$37,892$27,505$19,610$13,770$9,550$2,862
30 years$36,233$25,975$18,266$12,637$8,629$2,456
31 years$34,684$24,555$17,028$11,606$7,801$2,109
32 years$33,235$23,234$15,888$10,666$7,057$1,811
33 years$31,877$22,003$14,835$9,809$6,386$1,555
34 years$30,602$20,854$13,861$9,025$5,782$1,336
35 years$29,401$19,780$12,959$8,308$5,237$1,148
36 years$28,271$18,774$12,122$7,651$4,745$986
37 years$27,203$17,831$11,346$7,050$4,301$848
38 years$26,195$16,946$10,625$6,498$3,899$728
39 years$25,240$16,114$9,955$5,991$3,536$626
40 years$24,335$15,331$9,331$5,526$3,207$538
41 years$23,477$14,593$8,749$5,099$2,909$462
42 years$22,662$13,898$8,207$4,705$2,640$398
43 years$21,887$13,242$7,701$4,344$2,396$342
44 years$21,149$12,623$7,229$4,011$2,175$294
45 years$20,446$12,037$6,788$3,704$1,974$253
46 years$19,775$11,483$6,375$3,421$1,793$217
47 years$19,135$10,958$5,989$3,161$1,628$187
48 years$18,524$10,461$5,628$2,921$1,478$160
49 years$17,939$9,990$5,290$2,699$1,343$138
50 years$17,379$9,542$4,974$2,495$1,220$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,800,000, adding $4,540 every year, while hoping to spend $52,188 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: 45/36/19 Blend
52$17,800,000$17,800,000$17,800,000$17,800,000
53$19,620,283$18,676,883$18,400,983$20,395,818
54$21,566,024$19,536,523$18,961,888$21,799,697
55$23,708,482$20,436,536$19,539,835$23,315,633
56$26,067,666$21,378,845$20,135,338$24,958,468
57$28,665,626$22,365,466$20,748,930$26,740,002
58$31,526,658$23,398,512$21,381,158$28,673,189
59$34,677,536$24,480,198$22,032,585$30,772,253
60$38,147,760$25,612,843$22,703,792$33,052,814
61$41,969,840$26,798,881$23,395,378$35,532,029
62$46,179,599$28,040,862$24,107,958$38,228,748
63$50,816,512$29,341,458$24,842,169$41,163,681
64$55,924,078$30,703,471$25,598,663$44,359,584
65$61,550,231$32,129,837$26,378,115$47,841,470
66$67,747,791$33,623,636$27,181,218$51,636,831
67$74,574,964$35,188,092$28,008,687$55,775,891
68$82,095,891$36,826,590$28,861,259$60,291,879
69$90,381,252$38,542,673$29,739,692$65,221,333
70$99,508,935$40,340,059$30,644,767$70,604,436
71$109,564,769$42,222,645$31,577,289$76,485,379
72$120,643,334$44,194,513$32,538,087$82,912,771
73$132,848,857$46,259,947$33,528,015$89,940,080
74$146,296,189$48,423,433$34,547,953$97,626,132
75$161,111,897$50,689,678$35,598,806$106,035,645
76$177,435,453$53,063,614$36,681,508$115,239,828
77$195,420,550$55,550,413$37,797,019$125,317,042
78$215,236,558$58,155,495$38,946,331$136,353,518
79$237,070,117$60,884,544$40,130,463$148,444,157
80$261,126,901$63,743,518$41,350,466$161,693,410
81$287,633,559$66,738,665$42,607,421$176,216,245
82$316,839,855$69,876,533$43,902,442$192,139,211
83$349,021,025$73,163,988$45,236,679$209,601,617
84$384,480,375$76,608,229$46,611,313$228,756,822
85$423,552,144$80,216,802$48,027,563$249,773,666
86$466,604,658$83,997,621$49,486,682$272,838,036
87$514,043,810$87,958,981$50,989,962$298,154,601
88$566,316,888$92,109,581$52,538,735$325,948,718
89$623,916,799$96,458,538$54,134,371$356,468,532
90$687,386,722$101,015,416$55,778,282$389,987,295
91$757,325,235$105,790,239$57,471,922$426,805,913
92$834,391,966$110,793,518$59,216,789$467,255,759
93$919,313,819$116,036,273$61,014,424$511,701,770
94$1,012,891,839$121,530,061$62,866,417$560,545,860
95$1,116,008,769$127,286,996$64,774,405$614,230,680
96$1,229,637,388$133,319,783$66,740,072$673,243,758
97$1,354,849,691$139,641,742$68,765,154$738,122,068
98$1,492,827,011$146,266,840$70,851,438$809,457,061
99$1,644,871,172$153,209,721$73,000,767$887,900,201
100$1,812,416,776$160,485,740$75,215,036$974,169,081