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%16.9%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,418,241
2 years$748,117$734,184$720,681$707,589$694,889$653,869
3 years$493,791$479,798$466,328$453,359$440,866$401,136
4 years$366,652$352,702$339,368$326,620$314,430$276,295
5 years$290,389$276,523$263,363$250,875$239,024$202,590
6 years$239,564$225,802$212,837$200,627$189,132$154,431
7 years$203,274$189,628$176,868$164,946$153,815$120,849
8 years$176,069$162,546$149,998$138,369$127,604$96,354
9 years$154,921$141,526$129,193$117,860$107,461$77,897
10 years$138,012$124,748$112,634$101,597$91,562$63,646
11 years$124,187$111,056$99,161$88,419$78,747$52,432
12 years$112,674$99,678$88,003$77,556$68,240$43,477
13 years$102,940$90,079$78,625$68,470$59,507$36,241
14 years$94,604$81,880$70,645$60,780$52,163$30,339
15 years$87,386$74,799$63,783$54,205$45,929$25,486
16 years$81,076$68,626$57,828$48,535$40,592$21,472
17 years$75,514$63,202$52,621$43,608$35,992$18,133
18 years$70,576$58,402$48,037$39,300$32,002$15,343
19 years$66,163$54,126$43,975$35,511$28,524$13,005
20 years$62,196$50,297$40,358$32,162$25,478$11,038
21 years$58,611$46,849$37,122$29,189$22,800$9,380
22 years$55,357$43,732$34,214$26,539$20,437$7,979
23 years$52,390$40,902$31,590$24,170$18,346$6,793
24 years$49,675$38,322$29,216$22,044$16,489$5,787
25 years$47,180$35,964$27,059$20,132$14,838$4,933
26 years$44,881$33,800$25,096$18,408$13,365$4,207
27 years$42,756$31,810$23,304$16,849$12,050$3,590
28 years$40,787$29,974$21,664$15,437$10,873$3,064
29 years$38,956$28,277$20,160$14,156$9,818$2,617
30 years$37,251$26,705$18,779$12,992$8,871$2,235
31 years$35,659$25,245$17,507$11,932$8,020$1,909
32 years$34,169$23,887$16,334$10,966$7,255$1,631
33 years$32,773$22,621$15,251$10,084$6,566$1,394
34 years$31,461$21,440$14,250$9,278$5,945$1,192
35 years$30,227$20,335$13,323$8,541$5,384$1,019
36 years$29,065$19,301$12,463$7,866$4,878$871
37 years$27,967$18,332$11,665$7,248$4,421$744
38 years$26,930$17,422$10,924$6,680$4,008$637
39 years$25,949$16,566$10,235$6,160$3,635$544
40 years$25,019$15,761$9,593$5,681$3,297$465
41 years$24,137$15,003$8,995$5,242$2,991$398
42 years$23,299$14,289$8,438$4,838$2,714$340
43 years$22,502$13,614$7,918$4,466$2,463$291
44 years$21,743$12,977$7,432$4,123$2,236$249
45 years$21,020$12,375$6,978$3,808$2,030$213
46 years$20,331$11,805$6,554$3,517$1,843$182
47 years$19,673$11,266$6,158$3,250$1,674$156
48 years$19,044$10,755$5,786$3,003$1,520$133
49 years$18,443$10,270$5,439$2,775$1,380$114
50 years$17,867$9,810$5,113$2,565$1,254$98

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 $3,221 every year, while hoping to spend $57,005 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: 47/24/29 Blend
52$18,300,000$18,300,000$18,300,000$18,300,000
53$20,169,922$19,200,022$18,916,372$20,949,897
54$22,166,602$20,080,171$19,489,418$22,381,835
55$24,365,032$21,001,536$20,079,750$23,929,516
56$26,785,731$21,966,077$20,687,888$25,608,531
57$29,451,308$22,975,847$21,314,365$27,431,265
58$32,386,678$24,033,000$21,959,732$29,411,331
59$35,619,292$25,139,790$22,624,556$31,563,685
60$39,179,402$26,298,582$23,309,421$33,904,765
61$43,100,342$27,511,853$24,014,928$36,452,640
62$47,418,844$28,782,201$24,741,695$39,227,176
63$52,175,384$30,112,348$25,490,360$42,250,212
64$57,414,566$31,505,145$26,261,580$45,545,766
65$63,185,539$32,963,585$27,056,030$49,140,250
66$69,542,464$34,490,801$27,874,407$53,062,714
67$76,545,024$36,090,078$28,717,428$57,345,113
68$84,258,985$37,764,861$29,585,831$62,022,597
69$92,756,821$39,518,758$30,480,375$67,133,840
70$102,118,394$41,355,555$31,401,845$72,721,395
71$112,431,709$43,279,216$32,351,046$78,832,081
72$123,793,745$45,293,899$33,328,808$85,517,426
73$136,311,370$47,403,963$34,335,986$92,834,133
74$150,102,349$49,613,977$35,373,460$100,844,611
75$165,296,455$51,928,728$36,442,138$109,617,553
76$182,036,695$54,353,237$37,542,951$119,228,572
77$200,480,660$56,892,768$38,676,862$129,760,904
78$220,802,011$59,552,836$39,844,860$141,306,180
79$243,192,117$62,339,226$41,047,964$153,965,281
80$267,861,865$65,258,001$42,287,223$167,849,274
81$295,043,649$68,315,517$43,563,718$183,080,449
82$324,993,560$71,518,436$44,878,562$199,793,458
83$357,993,810$74,873,746$46,232,900$218,136,571
84$394,355,388$78,388,769$47,627,912$238,273,061
85$434,421,003$82,071,185$49,064,813$260,382,728
86$478,568,314$85,929,041$50,544,853$284,663,577
87$527,213,496$89,970,778$52,069,319$311,333,674
88$580,815,170$94,205,244$53,639,539$340,633,181
89$639,878,731$98,641,714$55,256,877$372,826,609
90$704,961,118$103,289,914$56,922,738$408,205,287
91$776,676,073$108,160,041$58,638,571$447,090,100
92$855,699,934$113,262,785$60,405,865$489,834,488
93$942,778,021$118,609,355$62,226,155$536,827,764
94$1,038,731,668$124,211,502$64,101,020$588,498,762
95$1,144,465,982$130,081,549$66,032,088$645,319,864
96$1,260,978,381$136,232,415$68,021,032$707,811,428
97$1,389,368,017$142,677,644$70,069,578$776,546,674
98$1,530,846,145$149,431,439$72,179,499$852,157,070
99$1,686,747,564$156,508,692$74,352,625$935,338,258
100$1,858,543,214$163,925,016$76,590,836$1,026,856,591