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%17.1%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,378,381
2 years$727,677$714,125$700,990$688,256$675,903$634,906
3 years$480,299$466,688$453,587$440,972$428,821$389,127
4 years$356,634$343,065$330,095$317,696$305,839$267,753
5 years$282,455$268,967$256,167$244,021$232,494$196,120
6 years$233,018$219,632$207,021$195,145$183,964$149,335
7 years$197,720$184,447$172,036$160,440$149,612$116,728
8 years$171,259$158,105$145,900$134,589$124,118$92,960
9 years$150,688$137,659$125,664$114,640$104,525$75,062
10 years$134,242$121,339$109,556$98,821$89,061$61,252
11 years$120,794$108,021$96,452$86,004$76,595$50,395
12 years$109,596$96,954$85,598$75,437$66,376$41,733
13 years$100,128$87,618$76,477$66,599$57,881$34,741
14 years$92,019$79,643$68,715$59,119$50,738$29,042
15 years$84,998$72,755$62,040$52,724$44,674$24,363
16 years$78,861$66,751$56,248$47,209$39,483$20,496
17 years$73,451$61,475$51,184$42,417$35,008$17,283
18 years$68,648$56,806$46,724$38,226$31,128$14,603
19 years$64,355$52,647$42,774$34,540$27,745$12,359
20 years$60,497$48,922$39,256$31,283$24,782$10,474
21 years$57,010$45,569$36,108$28,391$22,177$8,887
22 years$53,845$42,537$33,279$25,814$19,879$7,547
23 years$50,959$39,784$30,727$23,510$17,844$6,415
24 years$48,317$37,275$28,417$21,442$16,039$5,457
25 years$45,891$34,981$26,320$19,582$14,433$4,644
26 years$43,655$32,876$24,411$17,905$13,000$3,955
27 years$41,588$30,941$22,667$16,389$11,721$3,369
28 years$39,672$29,155$21,072$15,016$10,576$2,871
29 years$37,892$27,505$19,610$13,770$9,550$2,447
30 years$36,233$25,975$18,266$12,637$8,629$2,087
31 years$34,684$24,555$17,028$11,606$7,801$1,780
32 years$33,235$23,234$15,888$10,666$7,057$1,518
33 years$31,877$22,003$14,835$9,809$6,386$1,295
34 years$30,602$20,854$13,861$9,025$5,782$1,105
35 years$29,401$19,780$12,959$8,308$5,237$943
36 years$28,271$18,774$12,122$7,651$4,745$805
37 years$27,203$17,831$11,346$7,050$4,301$687
38 years$26,195$16,946$10,625$6,498$3,899$587
39 years$25,240$16,114$9,955$5,991$3,536$501
40 years$24,335$15,331$9,331$5,526$3,207$427
41 years$23,477$14,593$8,749$5,099$2,909$365
42 years$22,662$13,898$8,207$4,705$2,640$312
43 years$21,887$13,242$7,701$4,344$2,396$266
44 years$21,149$12,623$7,229$4,011$2,175$227
45 years$20,446$12,037$6,788$3,704$1,974$194
46 years$19,775$11,483$6,375$3,421$1,793$166
47 years$19,135$10,958$5,989$3,161$1,628$141
48 years$18,524$10,461$5,628$2,921$1,478$121
49 years$17,939$9,990$5,290$2,699$1,343$103
50 years$17,379$9,542$4,974$2,495$1,220$88

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 $5,839 every year, while hoping to spend $45,626 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: 53/28/19 Blend
52$17,800,000$17,800,000$17,800,000$17,800,000
53$19,621,623$18,678,223$18,402,323$20,559,498
54$21,574,483$19,544,910$18,970,255$22,070,217
55$23,725,005$20,452,536$19,555,684$23,707,910
56$26,093,303$21,403,058$20,159,147$25,488,942
57$28,701,541$22,398,528$20,781,199$27,426,968
58$31,574,141$23,441,099$21,422,411$29,536,999
59$34,738,014$24,533,024$22,083,374$31,835,529
60$38,222,817$25,676,667$22,764,692$34,340,694
61$42,061,228$26,874,508$23,466,993$37,072,429
62$46,289,257$28,129,142$24,190,921$40,052,658
63$50,946,585$29,443,294$24,937,140$43,305,487
64$56,076,939$30,819,818$25,706,337$46,857,427
65$61,728,504$32,261,706$26,499,216$50,737,639
66$67,954,377$33,772,095$27,316,506$54,978,201
67$74,813,071$35,354,276$28,158,956$59,614,400
68$82,369,063$37,011,694$29,027,340$64,685,060
69$90,693,406$38,747,965$29,922,454$70,232,897
70$99,864,397$40,566,879$30,845,120$76,304,917
71$109,968,317$42,472,407$31,796,183$82,952,846
72$121,100,246$44,468,716$32,776,516$90,233,612
73$133,364,959$46,560,171$33,787,017$98,209,868
74$146,877,916$48,751,351$34,828,614$106,950,576
75$161,766,352$51,047,056$35,902,261$116,531,648
76$178,170,475$53,452,317$37,008,942$127,036,644
77$196,244,793$55,972,410$38,149,671$138,557,556
78$216,159,571$58,612,867$39,325,494$151,195,658
79$238,102,438$61,379,488$40,537,488$165,062,452
80$262,280,156$64,278,352$41,786,764$180,280,705
81$288,920,576$67,315,836$43,074,465$196,985,592
82$318,274,787$70,498,624$44,401,771$215,325,959
83$350,619,483$73,833,724$45,769,898$235,465,710
84$386,259,578$77,328,485$47,180,098$257,585,338
85$425,531,086$80,990,612$48,633,663$281,883,612
86$468,804,289$84,828,183$50,131,922$308,579,433
87$516,487,233$88,849,671$51,676,248$337,913,881
88$569,029,581$93,063,955$53,268,053$370,152,475
89$626,926,860$97,480,350$54,908,794$405,587,653
90$690,725,133$102,108,621$56,599,972$444,541,512
91$761,026,159$106,959,006$58,343,134$487,368,827
92$838,493,073$112,042,243$60,139,874$534,460,375
93$923,856,643$117,369,589$61,991,836$586,246,599
94$1,017,922,171$122,952,850$63,900,713$643,201,643
95$1,121,577,095$128,804,402$65,868,250$705,847,804
96$1,235,799,368$134,937,228$67,896,246$774,760,430
97$1,361,666,688$141,364,935$69,986,554$850,573,323
98$1,500,366,671$148,101,798$72,141,085$933,984,691
99$1,653,208,067$155,162,782$74,361,806$1,025,763,705
100$1,821,633,111$162,563,579$76,650,748$1,126,757,724