Can I retire at age 53 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,422,259
2 years$748,117$734,184$720,681$707,589$694,889$657,844
3 years$493,791$479,798$466,328$453,359$440,866$404,943
4 years$366,652$352,702$339,368$326,620$314,430$279,905
5 years$290,389$276,523$263,363$250,875$239,024$205,994
6 years$239,564$225,802$212,837$200,627$189,132$157,628
7 years$203,274$189,628$176,868$164,946$153,815$123,840
8 years$176,069$162,546$149,998$138,369$127,604$99,146
9 years$154,921$141,526$129,193$117,860$107,461$80,494
10 years$138,012$124,748$112,634$101,597$91,562$66,055
11 years$124,187$111,056$99,161$88,419$78,747$54,661
12 years$112,674$99,678$88,003$77,556$68,240$45,535
13 years$102,940$90,079$78,625$68,470$59,507$38,136
14 years$94,604$81,880$70,645$60,780$52,163$32,079
15 years$87,386$74,799$63,783$54,205$45,929$27,081
16 years$81,076$68,626$57,828$48,535$40,592$22,930
17 years$75,514$63,202$52,621$43,608$35,992$19,463
18 years$70,576$58,402$48,037$39,300$32,002$16,555
19 years$66,163$54,126$43,975$35,511$28,524$14,105
20 years$62,196$50,297$40,358$32,162$25,478$12,036
21 years$58,611$46,849$37,122$29,189$22,800$10,283
22 years$55,357$43,732$34,214$26,539$20,437$8,795
23 years$52,390$40,902$31,590$24,170$18,346$7,529
24 years$49,675$38,322$29,216$22,044$16,489$6,450
25 years$47,180$35,964$27,059$20,132$14,838$5,529
26 years$44,881$33,800$25,096$18,408$13,365$4,742
27 years$42,756$31,810$23,304$16,849$12,050$4,069
28 years$40,787$29,974$21,664$15,437$10,873$3,493
29 years$38,956$28,277$20,160$14,156$9,818$3,000
30 years$37,251$26,705$18,779$12,992$8,871$2,577
31 years$35,659$25,245$17,507$11,932$8,020$2,214
32 years$34,169$23,887$16,334$10,966$7,255$1,903
33 years$32,773$22,621$15,251$10,084$6,566$1,636
34 years$31,461$21,440$14,250$9,278$5,945$1,406
35 years$30,227$20,335$13,323$8,541$5,384$1,209
36 years$29,065$19,301$12,463$7,866$4,878$1,040
37 years$27,967$18,332$11,665$7,248$4,421$894
38 years$26,930$17,422$10,924$6,680$4,008$769
39 years$25,949$16,566$10,235$6,160$3,635$662
40 years$25,019$15,761$9,593$5,681$3,297$569
41 years$24,137$15,003$8,995$5,242$2,991$490
42 years$23,299$14,289$8,438$4,838$2,714$421
43 years$22,502$13,614$7,918$4,466$2,463$363
44 years$21,743$12,977$7,432$4,123$2,236$312
45 years$21,020$12,375$6,978$3,808$2,030$268
46 years$20,331$11,805$6,554$3,517$1,843$231
47 years$19,673$11,266$6,158$3,250$1,674$199
48 years$19,044$10,755$5,786$3,003$1,520$171
49 years$18,443$10,270$5,439$2,775$1,380$147
50 years$17,867$9,810$5,113$2,565$1,254$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $18,300,000, adding $5,206 every year, while hoping to spend $22,127 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: 85/9/6 Blend
52$18,300,000$18,300,000$18,300,000$18,300,000
53$20,171,970$19,202,070$18,918,420$21,880,583
54$22,205,968$20,119,428$19,528,644$23,912,969
55$24,446,692$21,080,996$20,158,569$26,141,768
56$26,915,205$22,088,915$20,808,832$28,589,575
57$29,634,718$23,145,433$21,480,089$31,278,387
58$32,630,806$24,252,907$22,173,019$34,232,424
59$35,931,656$25,413,808$22,888,324$37,478,365
60$39,568,327$26,630,726$23,626,724$41,045,593
61$43,575,045$27,906,380$24,388,968$44,966,470
62$47,989,527$29,243,620$25,175,826$49,276,643
63$52,853,336$30,645,434$25,988,093$54,015,375
64$58,212,273$32,114,957$26,826,590$59,225,915
65$64,116,810$33,655,475$27,692,166$64,955,904
66$70,622,566$35,270,436$28,585,696$71,257,819
67$77,790,834$36,963,453$29,508,083$78,189,471
68$85,689,155$38,738,318$30,460,260$85,814,541
69$94,391,961$40,599,007$31,443,190$94,203,185
70$103,981,271$42,549,689$32,457,867$103,432,686
71$114,547,473$44,594,736$33,505,318$113,588,186
72$126,190,171$46,738,734$34,586,602$124,763,484
73$139,019,129$48,986,492$35,702,813$137,061,916
74$153,155,303$51,343,053$36,855,081$150,597,330
75$168,731,988$53,813,707$38,044,570$165,495,154
76$185,896,072$56,404,000$39,272,485$181,893,576
77$204,809,426$59,119,751$40,540,067$199,944,848
78$225,650,428$61,967,060$41,848,601$219,816,713
79$248,615,652$64,952,325$43,199,409$241,693,986
80$273,921,718$68,082,259$44,593,858$265,780,295
81$301,807,342$71,363,898$46,033,361$292,299,996
82$332,535,586$74,804,625$47,519,374$321,500,289
83$366,396,343$78,412,179$49,053,401$353,653,539
84$403,709,076$82,194,681$50,636,995$389,059,850
85$444,825,826$86,160,645$52,271,759$428,049,883
86$490,134,545$90,319,001$53,959,348$470,987,979
87$540,062,753$94,679,117$55,701,470$518,275,585
88$595,081,574$99,250,814$57,499,890$570,355,041
89$655,710,187$104,044,396$59,356,428$627,713,746
90$722,520,722$109,070,667$61,272,965$690,888,754
91$796,143,666$114,340,961$63,251,440$760,471,831
92$877,273,815$119,867,162$65,293,858$837,115,037
93$966,676,828$125,661,738$67,402,287$921,536,874
94$1,065,196,464$131,737,762$69,578,862$1,014,529,055
95$1,173,762,538$138,108,947$71,825,789$1,116,963,971
96$1,293,399,707$144,789,675$74,145,343$1,229,802,916
97$1,425,237,138$151,795,031$76,539,873$1,354,105,153
98$1,570,519,174$159,140,835$79,011,806$1,491,037,900
99$1,730,617,074$166,843,681$81,563,647$1,641,887,339
100$1,907,041,966$174,920,972$84,197,979$1,808,070,746