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%15.6%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,386,773
2 years$727,677$714,125$700,990$688,256$675,903$643,216
3 years$480,299$466,688$453,587$440,972$428,821$397,090
4 years$356,634$343,065$330,095$317,696$305,839$275,310
5 years$282,455$268,967$256,167$244,021$232,494$203,252
6 years$233,018$219,632$207,021$195,145$183,964$156,040
7 years$197,720$184,447$172,036$160,440$149,612$123,009
8 years$171,259$158,105$145,900$134,589$124,118$98,826
9 years$150,688$137,659$125,664$114,640$104,525$80,526
10 years$134,242$121,339$109,556$98,821$89,061$66,327
11 years$120,794$108,021$96,452$86,004$76,595$55,097
12 years$109,596$96,954$85,598$75,437$66,376$46,078
13 years$100,128$87,618$76,477$66,599$57,881$38,746
14 years$92,019$79,643$68,715$59,119$50,738$32,727
15 years$84,998$72,755$62,040$52,724$44,674$27,744
16 years$78,861$66,751$56,248$47,209$39,483$23,592
17 years$73,451$61,475$51,184$42,417$35,008$20,112
18 years$68,648$56,806$46,724$38,226$31,128$17,182
19 years$64,355$52,647$42,774$34,540$27,745$14,706
20 years$60,497$48,922$39,256$31,283$24,782$12,606
21 years$57,010$45,569$36,108$28,391$22,177$10,820
22 years$53,845$42,537$33,279$25,814$19,879$9,297
23 years$50,959$39,784$30,727$23,510$17,844$7,996
24 years$48,317$37,275$28,417$21,442$16,039$6,882
25 years$45,891$34,981$26,320$19,582$14,433$5,928
26 years$43,655$32,876$24,411$17,905$13,000$5,109
27 years$41,588$30,941$22,667$16,389$11,721$4,406
28 years$39,672$29,155$21,072$15,016$10,576$3,801
29 years$37,892$27,505$19,610$13,770$9,550$3,280
30 years$36,233$25,975$18,266$12,637$8,629$2,832
31 years$34,684$24,555$17,028$11,606$7,801$2,445
32 years$33,235$23,234$15,888$10,666$7,057$2,112
33 years$31,877$22,003$14,835$9,809$6,386$1,825
34 years$30,602$20,854$13,861$9,025$5,782$1,577
35 years$29,401$19,780$12,959$8,308$5,237$1,362
36 years$28,271$18,774$12,122$7,651$4,745$1,178
37 years$27,203$17,831$11,346$7,050$4,301$1,018
38 years$26,195$16,946$10,625$6,498$3,899$880
39 years$25,240$16,114$9,955$5,991$3,536$761
40 years$24,335$15,331$9,331$5,526$3,207$658
41 years$23,477$14,593$8,749$5,099$2,909$569
42 years$22,662$13,898$8,207$4,705$2,640$492
43 years$21,887$13,242$7,701$4,344$2,396$425
44 years$21,149$12,623$7,229$4,011$2,175$368
45 years$20,446$12,037$6,788$3,704$1,974$318
46 years$19,775$11,483$6,375$3,421$1,793$275
47 years$19,135$10,958$5,989$3,161$1,628$238
48 years$18,524$10,461$5,628$2,921$1,478$206
49 years$17,939$9,990$5,290$2,699$1,343$178
50 years$17,379$9,542$4,974$2,495$1,220$154

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 $5,778 every year, while hoping to spend $54,264 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: 75/11/14 Blend
52$17,800,000$17,800,000$17,800,000$17,800,000
53$19,621,560$18,678,160$18,402,260$21,034,599
54$21,565,223$19,535,653$18,960,999$22,826,341
55$23,705,320$20,433,345$19,536,638$24,782,163
56$26,061,832$21,373,148$20,129,684$26,924,234
57$28,656,772$22,357,066$20,740,662$29,271,057
58$31,514,401$23,387,200$21,370,112$31,843,002
59$34,661,448$24,465,752$22,018,589$34,662,497
60$38,127,371$25,595,028$22,686,667$37,754,238
61$41,944,627$26,777,449$23,374,935$41,145,415
62$46,148,984$28,015,549$24,084,000$44,865,970
63$50,779,854$29,311,985$24,814,488$48,948,876
64$55,880,669$30,669,541$25,567,043$53,430,443
65$61,499,287$32,091,139$26,342,328$58,350,660
66$67,688,446$33,579,836$27,141,028$63,753,566
67$74,506,260$35,138,840$27,963,845$69,687,664
68$82,016,769$36,771,515$28,811,504$76,206,378
69$90,290,543$38,481,382$29,684,753$83,368,547
70$99,405,346$40,272,137$30,584,360$91,238,982
71$109,446,871$42,147,652$31,511,116$99,889,069
72$120,509,551$44,111,986$32,465,837$109,397,444
73$132,697,445$46,169,393$33,449,363$119,850,724
74$146,125,227$48,324,335$34,462,558$131,344,328
75$160,919,260$50,581,488$35,506,314$143,983,363
76$177,218,796$52,945,753$36,581,548$157,883,619
77$195,177,287$55,422,268$37,689,203$173,172,655
78$214,963,832$58,016,421$38,830,253$189,990,994
79$236,764,777$60,733,860$40,005,700$208,493,447
80$260,785,469$63,580,503$41,216,576$228,850,567
81$287,252,198$66,562,559$42,463,942$251,250,252
82$316,414,331$69,686,534$43,748,894$275,899,514
83$348,546,668$72,959,249$45,072,557$303,026,425
84$383,952,033$76,387,857$46,436,093$332,882,263
85$422,964,134$79,979,856$47,840,695$365,743,876
86$465,950,712$83,743,105$49,287,595$401,916,288
87$513,317,014$87,685,847$50,778,059$441,735,570
88$565,509,618$91,816,722$52,313,393$485,572,005
89$623,020,648$96,144,790$53,894,940$533,833,573
90$686,392,417$100,679,548$55,524,084$586,969,793
91$756,222,553$105,430,955$57,202,249$645,475,959
92$833,169,632$110,409,451$58,930,904$709,897,804
93$917,959,404$115,625,983$60,711,558$780,836,641
94$1,011,391,636$121,092,029$62,545,768$858,955,027
95$1,114,347,667$126,819,623$64,435,136$944,983,011
96$1,227,798,727$132,821,383$66,381,311$1,039,725,009
97$1,352,815,105$139,110,538$68,385,993$1,144,067,388
98$1,490,576,252$145,700,961$70,450,930$1,258,986,818
99$1,642,381,917$152,607,195$72,577,923$1,385,559,482
100$1,809,664,417$159,844,492$74,768,828$1,524,971,217