Can I retire at age 53 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,413,914
2 years$744,029$730,172$716,743$703,722$691,092$653,682
3 years$491,092$477,176$463,780$450,882$438,457$402,186
4 years$364,649$350,775$337,513$324,835$312,711$277,859
5 years$288,802$275,012$261,924$249,504$237,718$204,380
6 years$238,255$224,568$211,674$199,531$188,098$156,308
7 years$202,163$188,592$175,902$164,045$152,974$122,734
8 years$175,107$161,658$149,179$137,613$126,907$98,203
9 years$154,074$140,752$128,487$117,216$106,874$79,681
10 years$137,258$124,066$112,018$101,041$91,062$65,347
11 years$123,508$110,449$98,619$87,936$78,316$54,040
12 years$112,059$99,133$87,522$77,132$67,867$44,988
13 years$102,378$89,587$78,195$68,096$59,182$37,652
14 years$94,087$81,432$70,259$60,448$51,878$31,651
15 years$86,908$74,390$63,434$53,909$45,678$26,701
16 years$80,633$68,251$57,512$48,270$40,370$22,592
17 years$75,102$62,857$52,334$43,370$35,795$19,162
18 years$70,190$58,083$47,774$39,085$31,827$16,287
19 years$65,801$53,830$43,735$35,317$28,368$13,867
20 years$61,856$50,022$40,138$31,986$25,339$11,823
21 years$58,291$46,593$36,919$29,029$22,676$10,094
22 years$55,055$43,493$34,027$26,394$20,325$8,626
23 years$52,104$40,678$31,417$24,038$18,245$7,378
24 years$49,403$38,113$29,056$21,924$16,399$6,316
25 years$46,922$35,767$26,912$20,022$14,757$5,410
26 years$44,636$33,615$24,959$18,307$13,292$4,636
27 years$42,523$31,636$23,177$16,757$11,984$3,975
28 years$40,564$29,810$21,546$15,353$10,814$3,410
29 years$38,743$28,123$20,050$14,079$9,764$2,926
30 years$37,047$26,559$18,676$12,921$8,823$2,511
31 years$35,464$25,107$17,411$11,867$7,977$2,156
32 years$33,982$23,756$16,245$10,906$7,215$1,852
33 years$32,594$22,498$15,168$10,029$6,530$1,590
34 years$31,289$21,323$14,172$9,228$5,912$1,366
35 years$30,062$20,224$13,250$8,494$5,355$1,174
36 years$28,906$19,196$12,395$7,823$4,852$1,008
37 years$27,815$18,231$11,601$7,208$4,397$867
38 years$26,783$17,326$10,864$6,644$3,987$745
39 years$25,807$16,476$10,179$6,126$3,615$640
40 years$24,882$15,675$9,540$5,650$3,279$550
41 years$24,005$14,921$8,946$5,213$2,975$473
42 years$23,171$14,211$8,392$4,811$2,699$406
43 years$22,379$13,540$7,874$4,441$2,450$349
44 years$21,624$12,906$7,391$4,101$2,224$300
45 years$20,905$12,307$6,940$3,787$2,019$258
46 years$20,220$11,741$6,518$3,498$1,833$222
47 years$19,565$11,204$6,124$3,232$1,664$191
48 years$18,940$10,696$5,755$2,986$1,511$164
49 years$18,342$10,214$5,409$2,760$1,373$141
50 years$17,770$9,757$5,085$2,551$1,247$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $18,200,000, adding $2,702 every year, while hoping to spend $38,175 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: 47/48/5 Blend
52$18,200,000$18,200,000$18,200,000$18,200,000
53$20,059,187$19,094,587$18,812,487$20,975,893
54$22,064,606$19,989,604$19,402,088$22,498,881
55$24,273,299$20,927,197$20,010,160$24,146,464
56$26,705,958$21,909,413$20,637,283$25,933,504
57$29,385,387$22,938,395$21,284,054$27,872,922
58$32,336,714$24,016,394$21,951,087$29,978,898
59$35,587,628$25,145,766$22,639,017$32,266,992
60$39,168,641$26,328,984$23,348,499$34,754,287
61$43,113,376$27,568,637$24,080,207$37,459,538
62$47,458,884$28,867,445$24,834,838$40,403,337
63$52,245,994$30,228,254$25,613,110$43,608,305
64$57,519,698$31,654,051$26,415,761$47,099,285
65$63,329,576$33,147,967$27,243,557$50,903,574
66$69,730,261$34,713,286$28,097,285$55,051,162
67$76,781,959$36,353,449$28,977,756$59,575,008
68$84,551,016$38,072,065$29,885,808$64,511,335
69$93,110,542$39,872,919$30,822,305$69,899,959
70$102,541,102$41,759,976$31,788,137$75,784,653
71$112,931,478$43,737,398$32,784,223$82,213,542
72$124,379,504$45,809,546$33,811,510$89,239,544
73$136,992,993$47,980,994$34,870,975$96,920,853
74$150,890,751$50,256,535$35,963,625$105,321,470
75$166,203,702$52,641,200$37,090,501$114,511,791
76$183,076,119$55,140,258$38,252,672$124,569,252
77$201,666,992$57,759,239$39,451,245$135,579,039
78$222,151,523$60,503,940$40,687,359$147,634,876
79$244,722,782$63,380,437$41,962,190$160,839,882
80$269,593,532$66,395,104$43,276,949$175,307,526
81$296,998,232$69,554,624$44,632,887$191,162,676
82$327,195,256$72,866,005$46,031,293$208,542,748
83$360,469,328$76,336,595$47,473,497$227,598,981
84$397,134,209$79,974,098$48,960,869$248,497,835
85$437,535,665$83,786,595$50,494,824$271,422,538
86$482,054,722$87,782,558$52,076,821$296,574,780
87$531,111,272$91,970,871$53,708,362$324,176,591
88$585,168,028$96,360,851$55,390,999$354,472,401
89$644,734,902$100,962,267$57,126,332$387,731,315
90$710,373,808$105,785,364$58,916,011$424,249,614
91$782,703,975$110,840,886$60,761,736$464,353,521
92$862,407,789$116,140,097$62,665,262$508,402,232
93$950,237,233$121,694,812$64,628,398$556,791,274
94$1,047,020,992$127,517,419$66,653,011$609,956,189
95$1,153,672,271$133,620,910$68,741,024$668,376,603
96$1,271,197,417$140,018,909$70,894,423$732,580,708
97$1,400,705,421$146,725,703$73,115,253$803,150,194
98$1,543,418,386$153,756,274$75,405,626$880,725,691
99$1,700,683,065$161,126,336$77,767,719$966,012,760
100$1,873,983,576$168,852,364$80,203,776$1,059,788,498