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

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 $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%12.1%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,422,725
2 years$735,853$722,148$708,867$695,989$683,498$670,780
3 years$485,696$471,932$458,684$445,927$433,639$421,219
4 years$360,642$346,920$333,804$321,265$309,275$297,247
5 years$285,629$271,990$259,046$246,762$235,106$223,506
6 years$235,636$222,100$209,347$197,338$186,031$174,874
7 years$199,942$186,519$173,969$162,242$151,293$140,584
8 years$173,183$159,881$147,539$136,101$125,512$115,250
9 years$152,381$139,205$127,076$115,928$105,700$95,882
10 years$135,750$122,703$110,787$99,931$90,061$80,682
11 years$122,151$109,235$97,535$86,970$77,456$68,507
12 years$110,827$98,044$86,560$76,284$67,122$58,596
13 years$101,253$88,603$77,336$67,348$58,531$50,419
14 years$93,053$80,537$69,487$59,784$51,308$43,598
15 years$85,953$73,572$62,737$53,317$45,176$37,857
16 years$79,747$67,501$56,880$47,739$39,926$32,988
17 years$74,276$62,166$51,759$42,893$35,402$28,831
18 years$69,419$57,444$47,249$38,655$31,477$25,262
19 years$65,078$53,239$43,254$34,929$28,057$22,184
20 years$61,176$49,472$39,697$31,634$25,061$19,518
21 years$57,651$46,081$36,513$28,710$22,426$17,201
22 years$54,450$43,015$33,653$26,104$20,102$15,180
23 years$51,531$40,231$31,072$23,774$18,045$13,414
24 years$48,860$37,694$28,737$21,683$16,219$11,866
25 years$46,407$35,374$26,616$19,802$14,595$10,507
26 years$44,146$33,246$24,685$18,106$13,146$9,312
27 years$42,055$31,288$22,922$16,573$11,853$8,259
28 years$40,118$29,483$21,309$15,184$10,695$7,329
29 years$38,318$27,814$19,830$13,924$9,657$6,508
30 years$36,640$26,267$18,471$12,779$8,726$5,782
31 years$35,074$24,831$17,220$11,737$7,889$5,139
32 years$33,609$23,495$16,066$10,786$7,136$4,570
33 years$32,235$22,250$15,001$9,919$6,458$4,065
34 years$30,945$21,088$14,016$9,126$5,847$3,617
35 years$29,732$20,002$13,104$8,401$5,296$3,219
36 years$28,588$18,985$12,259$7,737$4,798$2,866
37 years$27,509$18,031$11,474$7,129$4,349$2,552
38 years$26,489$17,136$10,745$6,571$3,943$2,273
39 years$25,524$16,295$10,067$6,059$3,575$2,025
40 years$24,609$15,503$9,436$5,588$3,243$1,804
41 years$23,741$14,757$8,848$5,156$2,942$1,607
42 years$22,917$14,054$8,299$4,758$2,670$1,432
43 years$22,133$13,391$7,788$4,392$2,423$1,277
44 years$21,387$12,764$7,310$4,056$2,199$1,138
45 years$20,676$12,172$6,864$3,745$1,997$1,014
46 years$19,997$11,612$6,447$3,460$1,813$904
47 years$19,350$11,081$6,057$3,196$1,646$806
48 years$18,732$10,578$5,692$2,954$1,495$719
49 years$18,140$10,102$5,350$2,730$1,358$641
50 years$17,574$9,650$5,030$2,523$1,233$572

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 $6,549 every year, while hoping to spend $25,783 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: 33/44/23 Blend
52$18,000,000$18,000,000$18,000,000$18,000,000
53$19,842,755$18,888,755$18,609,755$20,357,517
54$21,839,283$19,786,871$19,205,749$21,641,931
55$24,038,593$20,728,131$19,820,845$23,022,445
56$26,461,341$21,714,621$20,455,655$24,509,780
57$29,130,290$22,748,530$21,110,811$26,113,373
58$32,070,524$23,832,151$21,786,967$27,843,560
59$35,309,683$24,967,892$22,484,796$29,711,664
60$38,878,227$26,158,275$23,204,993$31,730,092
61$42,809,721$27,405,946$23,948,276$33,912,442
62$47,141,155$28,713,680$24,715,385$36,273,621
63$51,913,287$30,084,384$25,507,085$38,829,978
64$57,171,034$31,521,111$26,324,164$41,599,442
65$62,963,893$33,027,059$27,167,437$44,601,683
66$69,346,409$34,605,583$28,037,745$47,858,285
67$76,378,687$36,260,201$28,935,954$51,392,936
68$84,126,964$37,994,603$29,862,959$55,231,640
69$92,664,232$39,812,655$30,819,686$59,402,946
70$102,070,925$41,718,417$31,807,086$63,938,204
71$112,435,681$43,716,141$32,826,145$68,871,845
72$123,856,178$45,810,290$33,877,879$74,241,693
73$136,440,056$48,005,541$34,963,336$80,089,300
74$150,305,931$50,306,803$36,083,597$86,460,324
75$165,584,519$52,719,219$37,239,781$93,404,942
76$182,419,866$55,248,186$38,433,039$100,978,302
77$200,970,708$57,899,363$39,664,562$109,241,025
78$221,411,973$60,678,685$40,935,577$118,259,757
79$243,936,427$63,592,374$42,247,352$128,107,772
80$268,756,500$66,646,957$43,601,196$138,865,647
81$296,106,285$69,849,280$44,998,457$150,621,991
82$326,243,751$73,206,520$46,440,531$163,474,264
83$359,453,179$76,726,205$47,928,855$177,529,662
84$396,047,845$80,416,231$49,464,913$192,906,109
85$436,372,976$84,284,877$51,050,238$209,733,336
86$480,809,010$88,340,826$52,686,412$228,154,077
87$529,775,189$92,593,186$54,375,066$248,325,385
88$583,733,512$97,051,506$56,117,885$270,420,079
89$643,193,105$101,725,804$57,916,608$294,628,345
90$708,715,017$106,626,584$59,773,030$321,159,489
91$780,917,525$111,764,863$61,689,002$350,243,880
92$860,481,966$117,152,195$63,666,438$382,135,079
93$948,159,172$122,800,698$65,707,309$417,112,197
94$1,044,776,557$128,723,081$67,813,653$455,482,481
95$1,151,245,927$134,932,674$69,987,572$497,584,171
96$1,268,572,091$141,443,454$72,231,235$543,789,643
97$1,397,862,345$148,270,084$74,546,882$594,508,877
98$1,540,336,925$155,427,939$76,936,824$650,193,270
99$1,697,340,530$162,933,147$79,403,446$711,339,846
100$1,870,355,014$170,802,621$81,949,212$778,495,889