Can I retire at age 53 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,427,496
2 years$735,853$722,148$708,867$695,989$683,498$675,578
3 years$485,696$471,932$458,684$445,927$433,639$425,893
4 years$360,642$346,920$333,804$321,265$309,275$301,763
5 years$285,629$271,990$259,046$246,762$235,106$227,850
6 years$235,636$222,100$209,347$197,338$186,031$179,041
7 years$199,942$186,519$173,969$162,242$151,293$144,572
8 years$173,183$159,881$147,539$136,101$125,512$119,060
9 years$152,381$139,205$127,076$115,928$105,700$99,515
10 years$135,750$122,703$110,787$99,931$90,061$84,141
11 years$122,151$109,235$97,535$86,970$77,456$71,796
12 years$110,827$98,044$86,560$76,284$67,122$61,718
13 years$101,253$88,603$77,336$67,348$58,531$53,378
14 years$93,053$80,537$69,487$59,784$51,308$46,400
15 years$85,953$73,572$62,737$53,317$45,176$40,506
16 years$79,747$67,501$56,880$47,739$39,926$35,489
17 years$74,276$62,166$51,759$42,893$35,402$31,189
18 years$69,419$57,444$47,249$38,655$31,477$27,483
19 years$65,078$53,239$43,254$34,929$28,057$24,273
20 years$61,176$49,472$39,697$31,634$25,061$21,480
21 years$57,651$46,081$36,513$28,710$22,426$19,042
22 years$54,450$43,015$33,653$26,104$20,102$16,906
23 years$51,531$40,231$31,072$23,774$18,045$15,030
24 years$48,860$37,694$28,737$21,683$16,219$13,377
25 years$46,407$35,374$26,616$19,802$14,595$11,919
26 years$44,146$33,246$24,685$18,106$13,146$10,629
27 years$42,055$31,288$22,922$16,573$11,853$9,486
28 years$40,118$29,483$21,309$15,184$10,695$8,473
29 years$38,318$27,814$19,830$13,924$9,657$7,572
30 years$36,640$26,267$18,471$12,779$8,726$6,771
31 years$35,074$24,831$17,220$11,737$7,889$6,058
32 years$33,609$23,495$16,066$10,786$7,136$5,422
33 years$32,235$22,250$15,001$9,919$6,458$4,855
34 years$30,945$21,088$14,016$9,126$5,847$4,349
35 years$29,732$20,002$13,104$8,401$5,296$3,897
36 years$28,588$18,985$12,259$7,737$4,798$3,492
37 years$27,509$18,031$11,474$7,129$4,349$3,131
38 years$26,489$17,136$10,745$6,571$3,943$2,808
39 years$25,524$16,295$10,067$6,059$3,575$2,518
40 years$24,609$15,503$9,436$5,588$3,243$2,259
41 years$23,741$14,757$8,848$5,156$2,942$2,027
42 years$22,917$14,054$8,299$4,758$2,670$1,819
43 years$22,133$13,391$7,788$4,392$2,423$1,632
44 years$21,387$12,764$7,310$4,056$2,199$1,465
45 years$20,676$12,172$6,864$3,745$1,997$1,315
46 years$19,997$11,612$6,447$3,460$1,813$1,180
47 years$19,350$11,081$6,057$3,196$1,646$1,060
48 years$18,732$10,578$5,692$2,954$1,495$952
49 years$18,140$10,102$5,350$2,730$1,358$854
50 years$17,574$9,650$5,030$2,523$1,233$767

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $18,000,000, adding $6,573 every year, while hoping to spend $39,869 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: 41/34/25 Blend
52$18,000,000$18,000,000$18,000,000$18,000,000
53$19,842,780$18,888,780$18,609,780$20,510,086
54$21,824,323$19,771,910$19,190,787$21,873,771
55$24,006,648$20,696,977$19,789,922$23,344,614
56$26,410,191$21,665,994$20,407,750$24,935,916
57$29,057,474$22,681,071$21,044,853$26,658,755
58$31,973,313$23,744,420$21,701,832$28,525,289
59$35,185,055$24,858,361$22,379,308$30,548,860
60$38,722,834$26,025,325$23,077,918$32,744,116
61$42,619,858$27,247,860$23,798,323$35,127,141
62$46,912,717$28,528,639$24,541,200$37,715,595
63$51,641,736$29,870,463$25,307,252$40,528,879
64$56,851,348$31,276,271$26,097,200$43,588,302
65$62,590,518$32,749,141$26,911,789$46,917,279
66$68,913,204$34,292,302$27,751,787$50,541,539
67$75,878,865$35,909,140$28,617,987$54,489,359
68$83,553,025$37,603,203$29,511,204$58,791,821
69$92,007,885$39,378,212$30,432,281$63,483,092
70$101,323,014$41,238,068$31,382,087$68,600,738
71$111,586,091$43,186,863$32,361,517$74,186,066
72$122,893,737$45,228,885$33,371,493$80,284,498
73$135,352,429$47,368,631$34,412,968$86,945,993
74$149,079,498$49,610,815$35,486,924$94,225,500
75$164,204,244$51,960,382$36,594,373$102,183,462
76$180,869,151$54,422,514$37,736,358$110,886,376
77$199,231,234$57,002,648$38,913,957$120,407,402
78$219,463,523$59,706,481$40,128,278$130,827,036
79$241,756,693$62,539,989$41,380,465$142,233,857
80$266,320,865$65,509,437$42,671,700$154,725,342
81$293,387,589$68,621,396$44,003,198$168,408,766
82$323,212,033$71,882,753$45,376,214$183,402,201
83$356,075,385$75,300,733$46,792,042$199,835,605
84$392,287,514$78,882,909$48,252,015$217,852,028
85$432,189,892$82,637,223$49,757,510$237,608,943
86$476,158,818$86,572,004$51,309,943$259,279,706
87$524,608,970$90,695,985$52,910,779$283,055,169
88$577,997,318$95,018,321$54,561,523$309,145,457
89$636,827,442$99,548,617$56,263,732$337,781,924
90$701,654,283$104,296,941$58,019,009$369,219,308
91$773,089,380$109,273,851$59,829,006$403,738,109
92$851,806,647$114,490,420$61,695,428$441,647,205
93$938,548,734$119,958,259$63,620,033$483,286,734
94$1,034,134,034$125,689,544$65,604,634$529,031,275
95$1,139,464,415$131,697,040$67,651,098$579,293,345
96$1,255,533,729$137,994,139$69,761,354$634,527,262
97$1,383,437,197$144,594,880$71,937,387$695,233,388
98$1,524,381,748$151,513,986$74,181,247$761,962,820
99$1,679,697,414$158,766,898$76,495,045$835,322,545
100$1,850,849,882$166,369,808$78,880,961$915,981,129