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%16.9%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,394,991
2 years$735,853$722,148$708,867$695,989$683,498$643,150
3 years$485,696$471,932$458,684$445,927$433,639$394,560
4 years$360,642$346,920$333,804$321,265$309,275$271,765
5 years$285,629$271,990$259,046$246,762$235,106$199,269
6 years$235,636$222,100$209,347$197,338$186,031$151,899
7 years$199,942$186,519$173,969$162,242$151,293$118,867
8 years$173,183$159,881$147,539$136,101$125,512$94,775
9 years$152,381$139,205$127,076$115,928$105,700$76,620
10 years$135,750$122,703$110,787$99,931$90,061$62,602
11 years$122,151$109,235$97,535$86,970$77,456$51,572
12 years$110,827$98,044$86,560$76,284$67,122$42,764
13 years$101,253$88,603$77,336$67,348$58,531$35,647
14 years$93,053$80,537$69,487$59,784$51,308$29,841
15 years$85,953$73,572$62,737$53,317$45,176$25,068
16 years$79,747$67,501$56,880$47,739$39,926$21,120
17 years$74,276$62,166$51,759$42,893$35,402$17,835
18 years$69,419$57,444$47,249$38,655$31,477$15,092
19 years$65,078$53,239$43,254$34,929$28,057$12,792
20 years$61,176$49,472$39,697$31,634$25,061$10,857
21 years$57,651$46,081$36,513$28,710$22,426$9,226
22 years$54,450$43,015$33,653$26,104$20,102$7,848
23 years$51,531$40,231$31,072$23,774$18,045$6,681
24 years$48,860$37,694$28,737$21,683$16,219$5,692
25 years$46,407$35,374$26,616$19,802$14,595$4,852
26 years$44,146$33,246$24,685$18,106$13,146$4,138
27 years$42,055$31,288$22,922$16,573$11,853$3,531
28 years$40,118$29,483$21,309$15,184$10,695$3,014
29 years$38,318$27,814$19,830$13,924$9,657$2,574
30 years$36,640$26,267$18,471$12,779$8,726$2,198
31 years$35,074$24,831$17,220$11,737$7,889$1,878
32 years$33,609$23,495$16,066$10,786$7,136$1,604
33 years$32,235$22,250$15,001$9,919$6,458$1,371
34 years$30,945$21,088$14,016$9,126$5,847$1,172
35 years$29,732$20,002$13,104$8,401$5,296$1,002
36 years$28,588$18,985$12,259$7,737$4,798$856
37 years$27,509$18,031$11,474$7,129$4,349$732
38 years$26,489$17,136$10,745$6,571$3,943$626
39 years$25,524$16,295$10,067$6,059$3,575$535
40 years$24,609$15,503$9,436$5,588$3,243$458
41 years$23,741$14,757$8,848$5,156$2,942$392
42 years$22,917$14,054$8,299$4,758$2,670$335
43 years$22,133$13,391$7,788$4,392$2,423$286
44 years$21,387$12,764$7,310$4,056$2,199$245
45 years$20,676$12,172$6,864$3,745$1,997$210
46 years$19,997$11,612$6,447$3,460$1,813$179
47 years$19,350$11,081$6,057$3,196$1,646$153
48 years$18,732$10,578$5,692$2,954$1,495$131
49 years$18,140$10,102$5,350$2,730$1,358$112
50 years$17,574$9,650$5,030$2,523$1,233$96

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 $2,289 every year, while hoping to spend $51,663 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: 59/20/21 Blend
52$18,000,000$18,000,000$18,000,000$18,000,000
53$19,838,361$18,884,361$18,605,361$20,898,277
54$21,806,905$19,754,726$19,173,672$22,488,546
55$23,974,509$20,666,007$19,759,289$24,216,298
56$26,361,422$21,620,154$20,362,739$26,099,509
57$28,989,958$22,619,213$20,984,561$28,153,232
58$31,884,704$23,665,325$21,625,315$30,394,025
59$35,072,755$24,760,737$22,285,573$32,840,099
60$38,583,964$25,907,801$22,965,929$35,511,488
61$42,451,231$27,108,986$23,666,990$38,430,232
62$46,710,808$28,366,878$24,389,386$41,620,580
63$51,402,643$29,684,187$25,133,763$45,109,216
64$56,570,756$31,063,756$25,900,787$48,925,500
65$62,263,655$32,508,562$26,691,145$53,101,747
66$68,534,795$34,021,728$27,505,545$57,673,520
67$75,443,078$35,606,528$28,344,716$62,679,961
68$83,053,416$37,266,390$29,209,407$68,164,157
69$91,437,334$39,004,914$30,100,392$74,173,536
70$100,673,655$40,825,867$31,018,468$80,760,311
71$110,849,237$42,733,204$31,964,455$87,981,961
72$122,059,794$44,731,066$32,939,200$95,901,772
73$134,410,802$46,823,797$33,943,572$104,589,423
74$148,018,492$49,015,951$34,978,470$114,121,633
75$163,010,946$51,312,301$36,044,817$124,582,884
76$179,529,309$53,717,850$37,143,565$136,066,201
77$197,729,120$56,237,846$38,275,696$148,674,025
78$217,781,778$58,877,789$39,442,219$162,519,170
79$239,876,162$61,643,443$40,644,176$177,725,879
80$264,220,414$64,540,855$41,882,639$194,430,980
81$291,043,901$67,576,361$43,158,712$212,785,176
82$320,599,383$70,756,607$44,473,534$232,954,445
83$353,165,398$74,088,559$45,828,275$255,121,604
84$389,048,891$77,579,520$47,224,144$279,488,017
85$428,588,109$81,237,148$48,662,384$306,275,483
86$472,155,798$85,069,471$50,144,277$335,728,316
87$520,162,721$89,084,906$51,671,141$368,115,638
88$573,061,531$93,292,280$53,244,337$403,733,903
89$631,351,050$97,700,844$54,865,265$442,909,680
90$695,580,973$102,320,301$56,535,367$486,002,719
91$766,357,059$107,160,823$58,256,129$533,409,329
92$844,346,851$112,233,075$60,029,081$585,566,104
93$930,285,976$117,548,241$61,855,801$642,954,021
94$1,024,985,087$123,118,047$63,737,912$706,102,965
95$1,129,337,520$128,954,785$65,677,086$775,596,708
96$1,244,327,726$135,071,349$67,675,048$852,078,398
97$1,371,040,564$141,481,254$69,733,571$936,256,611
98$1,510,671,540$148,198,675$71,854,484$1,028,912,012
99$1,664,538,098$155,238,471$74,039,671$1,130,904,704
100$1,834,092,054$162,616,226$76,291,070$1,243,182,319