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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.3%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,388,469
2 years$727,677$714,125$700,990$688,256$675,903$644,900
3 years$480,299$466,688$453,587$440,972$428,821$398,709
4 years$356,634$343,065$330,095$317,696$305,839$276,851
5 years$282,455$268,967$256,167$244,021$232,494$204,712
6 years$233,018$219,632$207,021$195,145$183,964$157,418
7 years$197,720$184,447$172,036$160,440$149,612$124,306
8 years$171,259$158,105$145,900$134,589$124,118$100,043
9 years$150,688$137,659$125,664$114,640$104,525$81,664
10 years$134,242$121,339$109,556$98,821$89,061$67,390
11 years$120,794$108,021$96,452$86,004$76,595$56,086
12 years$109,596$96,954$85,598$75,437$66,376$46,997
13 years$100,128$87,618$76,477$66,599$57,881$39,598
14 years$92,019$79,643$68,715$59,119$50,738$33,515
15 years$84,998$72,755$62,040$52,724$44,674$28,471
16 years$78,861$66,751$56,248$47,209$39,483$24,262
17 years$73,451$61,475$51,184$42,417$35,008$20,728
18 years$68,648$56,806$46,724$38,226$31,128$17,748
19 years$64,355$52,647$42,774$34,540$27,745$15,224
20 years$60,497$48,922$39,256$31,283$24,782$13,079
21 years$57,010$45,569$36,108$28,391$22,177$11,252
22 years$53,845$42,537$33,279$25,814$19,879$9,691
23 years$50,959$39,784$30,727$23,510$17,844$8,354
24 years$48,317$37,275$28,417$21,442$16,039$7,208
25 years$45,891$34,981$26,320$19,582$14,433$6,224
26 years$43,655$32,876$24,411$17,905$13,000$5,377
27 years$41,588$30,941$22,667$16,389$11,721$4,648
28 years$39,672$29,155$21,072$15,016$10,576$4,019
29 years$37,892$27,505$19,610$13,770$9,550$3,477
30 years$36,233$25,975$18,266$12,637$8,629$3,009
31 years$34,684$24,555$17,028$11,606$7,801$2,605
32 years$33,235$23,234$15,888$10,666$7,057$2,256
33 years$31,877$22,003$14,835$9,809$6,386$1,954
34 years$30,602$20,854$13,861$9,025$5,782$1,692
35 years$29,401$19,780$12,959$8,308$5,237$1,466
36 years$28,271$18,774$12,122$7,651$4,745$1,270
37 years$27,203$17,831$11,346$7,050$4,301$1,101
38 years$26,195$16,946$10,625$6,498$3,899$954
39 years$25,240$16,114$9,955$5,991$3,536$827
40 years$24,335$15,331$9,331$5,526$3,207$717
41 years$23,477$14,593$8,749$5,099$2,909$622
42 years$22,662$13,898$8,207$4,705$2,640$539
43 years$21,887$13,242$7,701$4,344$2,396$467
44 years$21,149$12,623$7,229$4,011$2,175$405
45 years$20,446$12,037$6,788$3,704$1,974$351
46 years$19,775$11,483$6,375$3,421$1,793$305
47 years$19,135$10,958$5,989$3,161$1,628$264
48 years$18,524$10,461$5,628$2,921$1,478$229
49 years$17,939$9,990$5,290$2,699$1,343$199
50 years$17,379$9,542$4,974$2,495$1,220$172

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 $5,252 every year, while hoping to spend $33,707 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: 57/15/28 Blend
52$17,800,000$17,800,000$17,800,000$17,800,000
53$19,621,017$18,677,617$18,401,717$20,588,352
54$21,586,497$19,556,957$18,982,311$22,132,416
55$23,751,326$20,478,254$19,581,225$23,810,596
56$26,135,803$21,443,529$20,199,037$25,639,137
57$28,762,293$22,454,901$20,836,343$27,632,594
58$31,655,446$23,514,591$21,493,760$29,806,977
59$34,842,422$24,624,926$22,171,921$32,179,897
60$38,353,150$25,788,348$22,871,482$34,770,728
61$42,220,612$27,007,417$23,593,116$37,600,784
62$46,481,151$28,284,817$24,337,522$40,693,519
63$51,174,817$29,623,362$25,105,418$44,074,741
64$56,345,743$31,026,002$25,897,545$47,772,850
65$62,042,564$32,495,831$26,714,667$51,819,102
66$68,318,871$34,036,092$27,557,574$56,247,902
67$75,233,723$35,650,188$28,427,080$61,097,114
68$82,852,198$37,341,683$29,324,023$66,408,425
69$91,246,015$39,114,317$30,249,270$72,227,719
70$100,494,201$40,972,012$31,203,713$78,605,514
71$110,683,847$42,918,878$32,188,275$85,597,430
72$121,910,923$44,959,226$33,203,906$93,264,700
73$134,281,186$47,097,578$34,251,586$101,674,753
74$147,911,180$49,338,672$35,332,327$110,901,830
75$162,929,332$51,687,479$36,447,172$121,027,688
76$179,477,170$54,149,210$37,597,197$132,142,357
77$197,710,651$56,729,332$38,783,514$144,344,982
78$217,801,642$59,433,574$40,007,266$157,744,751
79$239,939,536$62,267,945$41,269,636$172,461,919
80$264,333,042$65,238,748$42,571,842$188,628,928
81$291,212,156$68,352,590$43,915,142$206,391,651
82$320,830,329$71,616,400$45,300,833$225,910,757
83$353,466,864$75,037,445$46,730,252$247,363,219
84$389,429,548$78,623,344$48,204,779$270,943,967
85$429,057,561$82,382,087$49,725,839$296,867,724
86$472,724,678$86,322,054$51,294,899$325,371,016
87$520,842,792$90,452,032$52,913,476$356,714,392
88$573,865,810$94,781,235$54,583,130$391,184,871
89$632,293,933$99,319,326$56,305,476$429,098,636
90$696,678,380$104,076,438$58,082,175$470,804,005
91$767,626,590$109,063,199$59,914,943$516,684,706
92$845,807,958$114,290,752$61,805,549$567,163,476
93$931,960,154$119,770,784$63,755,820$622,706,044
94$1,026,896,088$125,515,550$65,767,639$683,825,504
95$1,131,511,582$131,537,905$67,842,947$751,087,143
96$1,246,793,826$137,851,325$69,983,748$825,113,755
97$1,373,830,703$144,469,947$72,192,111$906,591,507
98$1,513,821,055$151,408,594$74,470,167$996,276,387
99$1,668,086,001$158,682,814$76,820,116$1,095,001,328
100$1,838,081,410$166,308,909$79,244,226$1,203,684,041