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

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,416,209
2 years$744,029$730,172$716,743$703,722$691,092$655,956
3 years$491,092$477,176$463,780$450,882$438,457$404,368
4 years$364,649$350,775$337,513$324,835$312,711$279,931
5 years$288,802$275,012$261,924$249,504$237,718$206,338
6 years$238,255$224,568$211,674$199,531$188,098$158,150
7 years$202,163$188,592$175,902$164,045$152,974$124,462
8 years$175,107$161,658$149,179$137,613$126,907$99,818
9 years$154,074$140,752$128,487$117,216$106,874$81,187
10 years$137,258$124,066$112,018$101,041$91,062$66,748
11 years$123,508$110,449$98,619$87,936$78,316$55,340
12 years$112,059$99,133$87,522$77,132$67,867$46,191
13 years$102,378$89,587$78,195$68,096$59,182$38,763
14 years$94,087$81,432$70,259$60,448$51,878$32,674
15 years$86,908$74,390$63,434$53,909$45,678$27,641
16 years$80,633$68,251$57,512$48,270$40,370$23,454
17 years$75,102$62,857$52,334$43,370$35,795$19,952
18 years$70,190$58,083$47,774$39,085$31,827$17,008
19 years$65,801$53,830$43,735$35,317$28,368$14,524
20 years$61,856$50,022$40,138$31,986$25,339$12,422
21 years$58,291$46,593$36,919$29,029$22,676$10,637
22 years$55,055$43,493$34,027$26,394$20,325$9,119
23 years$52,104$40,678$31,417$24,038$18,245$7,824
24 years$49,403$38,113$29,056$21,924$16,399$6,719
25 years$46,922$35,767$26,912$20,022$14,757$5,773
26 years$44,636$33,615$24,959$18,307$13,292$4,964
27 years$42,523$31,636$23,177$16,757$11,984$4,270
28 years$40,564$29,810$21,546$15,353$10,814$3,675
29 years$38,743$28,123$20,050$14,079$9,764$3,163
30 years$37,047$26,559$18,676$12,921$8,823$2,724
31 years$35,464$25,107$17,411$11,867$7,977$2,347
32 years$33,982$23,756$16,245$10,906$7,215$2,022
33 years$32,594$22,498$15,168$10,029$6,530$1,742
34 years$31,289$21,323$14,172$9,228$5,912$1,502
35 years$30,062$20,224$13,250$8,494$5,355$1,294
36 years$28,906$19,196$12,395$7,823$4,852$1,116
37 years$27,815$18,231$11,601$7,208$4,397$962
38 years$26,783$17,326$10,864$6,644$3,987$830
39 years$25,807$16,476$10,179$6,126$3,615$716
40 years$24,882$15,675$9,540$5,650$3,279$617
41 years$24,005$14,921$8,946$5,213$2,975$532
42 years$23,171$14,211$8,392$4,811$2,699$459
43 years$22,379$13,540$7,874$4,441$2,450$396
44 years$21,624$12,906$7,391$4,101$2,224$342
45 years$20,905$12,307$6,940$3,787$2,019$295
46 years$20,220$11,741$6,518$3,498$1,833$254
47 years$19,565$11,204$6,124$3,232$1,664$219
48 years$18,940$10,696$5,755$2,986$1,511$189
49 years$18,342$10,214$5,409$2,760$1,373$163
50 years$17,770$9,757$5,085$2,551$1,247$141

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 $2,199 every year, while hoping to spend $35,249 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: 44/29/27 Blend
52$18,200,000$18,200,000$18,200,000$18,200,000
53$20,058,668$19,094,068$18,811,968$20,783,885
54$22,067,148$19,992,173$19,404,665$22,199,068
55$24,279,311$20,933,103$20,016,035$23,728,622
56$26,715,896$21,918,921$20,646,667$25,386,027
57$29,399,756$22,951,786$21,297,169$27,183,189
58$32,356,072$24,033,965$21,968,166$29,133,185
59$35,612,596$25,167,834$22,660,304$31,250,371
60$39,199,906$26,355,883$23,374,249$33,550,518
61$43,151,698$27,600,723$24,110,688$36,050,953
62$47,505,105$28,905,092$24,870,330$38,770,709
63$52,301,045$30,271,861$25,653,905$41,730,706
64$57,584,610$31,704,040$26,462,169$44,953,932
65$63,405,487$33,204,785$27,295,899$48,465,659
66$69,818,432$34,777,405$28,155,897$52,293,666
67$76,883,783$36,425,369$29,042,991$56,468,496
68$84,668,032$38,152,316$29,958,034$61,023,736
69$93,244,451$39,962,059$30,901,908$65,996,319
70$102,693,783$41,858,598$31,875,520$71,426,867
71$113,105,007$43,846,127$32,879,808$77,360,061
72$124,576,174$45,929,043$33,915,737$83,845,052
73$137,215,335$48,111,958$34,984,306$90,935,913
74$151,141,562$50,399,706$36,086,542$98,692,136
75$166,486,066$52,797,357$37,223,507$107,179,182
76$183,393,444$55,310,226$38,396,293$116,469,086
77$202,023,037$57,943,889$39,606,031$126,641,121
78$222,550,438$60,704,191$40,853,884$137,782,530
79$245,169,147$63,597,260$42,141,053$149,989,337
80$270,092,398$66,629,525$43,468,777$163,367,238
81$297,555,176$69,807,725$44,838,334$178,032,578
82$327,816,427$73,138,926$46,251,042$194,113,434
83$361,161,511$76,630,542$47,708,260$211,750,803
84$397,904,889$80,290,342$49,211,391$231,099,920
85$438,393,096$84,126,478$50,761,881$252,331,693
86$483,008,011$88,147,494$52,361,222$275,634,304
87$532,170,459$92,362,352$54,010,955$301,214,961
88$586,344,190$96,780,451$55,712,665$329,301,828
89$646,040,250$101,411,646$57,467,992$360,146,155
90$711,821,810$106,266,271$59,278,625$394,024,630
91$784,309,481$111,355,165$61,146,305$431,241,957
92$864,187,172$116,689,693$63,072,831$472,133,710
93$952,208,549$122,281,773$65,060,056$517,069,469
94$1,049,204,147$128,143,905$67,109,893$566,456,280
95$1,156,089,211$134,289,198$69,224,316$620,742,466
96$1,273,872,338$140,731,396$71,405,357$680,421,826
97$1,403,664,997$147,484,915$73,655,118$746,038,259
98$1,546,692,025$154,564,874$75,975,763$818,190,869
99$1,704,303,186$161,987,127$78,369,525$897,539,574
100$1,877,985,914$169,768,300$80,838,708$984,811,304