Can I retire at age 53 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,414,058
2 years$752,205$738,196$724,619$711,455$698,687$645,689
3 years$496,489$482,419$468,877$455,836$443,275$392,129
4 years$368,656$354,629$341,222$328,404$316,148$267,244
5 years$291,976$278,034$264,802$252,246$240,331$193,797
6 years$240,873$227,035$214,000$201,723$190,165$146,036
7 years$204,385$190,664$177,835$165,848$154,655$112,919
8 years$177,031$163,434$150,818$139,126$128,302$88,923
9 years$155,768$142,299$129,899$118,504$108,048$70,975
10 years$138,767$125,430$113,249$102,152$92,063$57,229
11 years$124,866$111,663$99,703$88,903$79,177$46,510
12 years$113,290$100,222$88,484$77,980$68,613$38,033
13 years$103,503$90,572$79,054$68,844$59,832$31,254
14 years$95,121$82,327$71,031$61,112$52,448$25,785
15 years$87,863$75,207$64,131$54,501$46,180$21,341
16 years$81,519$69,001$58,144$48,800$40,814$17,709
17 years$75,927$63,548$52,909$43,846$36,188$14,726
18 years$70,962$58,721$48,299$39,514$32,177$12,268
19 years$66,524$54,422$44,216$35,705$28,680$10,234
20 years$62,536$50,571$40,579$32,337$25,617$8,548
21 years$58,932$47,105$37,325$29,348$22,925$7,147
22 years$55,660$43,971$34,400$26,684$20,549$5,981
23 years$52,677$41,125$31,763$24,302$18,446$5,008
24 years$49,946$38,532$29,375$22,165$16,580$4,196
25 years$47,438$36,160$27,207$20,242$14,919$3,517
26 years$45,127$33,985$25,233$18,508$13,439$2,949
27 years$42,990$31,984$23,431$16,941$12,116$2,474
28 years$41,010$30,138$21,783$15,522$10,932$2,076
29 years$39,169$28,432$20,270$14,234$9,872$1,742
30 years$37,454$26,851$18,881$13,063$8,920$1,463
31 years$35,854$25,383$17,602$11,997$8,064$1,228
32 years$34,356$24,017$16,423$11,026$7,295$1,031
33 years$32,952$22,745$15,335$10,139$6,602$866
34 years$31,633$21,557$14,328$9,329$5,977$727
35 years$30,392$20,446$13,395$8,588$5,414$611
36 years$29,223$19,407$12,531$7,909$4,905$513
37 years$28,120$18,432$11,729$7,287$4,446$431
38 years$27,078$17,517$10,984$6,717$4,030$362
39 years$26,091$16,657$10,290$6,193$3,655$304
40 years$25,156$15,848$9,645$5,712$3,315$256
41 years$24,269$15,085$9,044$5,270$3,008$215
42 years$23,426$14,367$8,484$4,864$2,729$181
43 years$22,625$13,689$7,961$4,490$2,477$152
44 years$21,862$13,048$7,473$4,146$2,248$127
45 years$21,135$12,443$7,017$3,829$2,041$107
46 years$20,442$11,870$6,590$3,537$1,853$90
47 years$19,780$11,327$6,191$3,267$1,683$76
48 years$19,148$10,813$5,818$3,019$1,528$64
49 years$18,543$10,326$5,469$2,790$1,388$53
50 years$17,965$9,864$5,141$2,579$1,261$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $18,400,000, adding $4,987 every year, while hoping to spend $49,748 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: 87/8/5 Blend
52$18,400,000$18,400,000$18,400,000$18,400,000
53$20,281,944$19,306,744$19,021,544$22,047,786
54$22,297,771$20,199,843$19,605,834$24,091,060
55$24,517,545$21,135,037$20,208,031$26,329,004
56$26,962,016$22,114,335$20,828,681$28,787,033
57$29,654,048$23,139,844$21,468,349$31,487,275
58$32,618,839$24,213,774$22,127,616$34,454,103
59$35,884,150$25,338,439$22,807,081$37,714,359
60$39,480,576$26,516,265$23,507,361$41,297,610
61$43,441,829$27,749,796$24,229,092$45,236,425
62$47,805,059$29,041,699$24,972,930$49,566,677
63$52,611,201$30,394,768$25,739,549$54,327,884
64$57,905,365$31,811,934$26,529,645$59,563,575
65$63,737,260$33,296,267$27,343,937$65,321,705
66$70,161,664$34,850,987$28,183,161$71,655,098
67$77,238,937$36,479,469$29,048,081$78,621,948
68$85,035,597$38,185,251$29,939,480$86,286,366
69$93,624,943$39,972,043$30,858,168$94,718,978
70$103,087,746$41,843,733$31,804,976$103,997,595
71$113,513,017$43,804,397$32,780,763$114,207,941
72$124,998,841$45,858,308$33,786,415$125,444,457
73$137,653,305$48,009,947$34,822,842$137,811,196
74$151,595,519$50,264,011$35,890,984$151,422,795
75$166,956,738$52,625,424$36,991,808$166,405,557
76$183,881,603$55,099,348$38,126,312$182,898,642
77$202,529,506$57,691,195$39,295,522$201,055,370
78$223,076,093$60,406,641$40,500,499$221,044,673
79$245,714,921$63,251,633$41,742,333$243,052,678
80$270,659,289$66,232,410$43,022,148$267,284,464
81$298,144,249$69,355,510$44,341,102$293,965,994
82$328,428,823$72,627,790$45,700,389$323,346,241
83$361,798,449$76,056,438$47,101,238$355,699,532
84$398,567,679$79,648,992$48,544,918$391,328,140
85$439,083,143$83,413,353$50,032,733$430,565,122
86$483,726,823$87,357,807$51,566,029$473,777,467
87$532,919,660$91,491,041$53,146,193$521,369,548
88$587,125,527$95,822,163$54,774,652$573,786,937
89$646,855,606$100,360,725$56,452,878$631,520,603
90$712,673,216$105,116,739$58,182,388$695,111,541
91$785,199,131$110,100,705$59,964,744$765,155,875
92$865,117,436$115,323,633$61,801,556$842,310,471
93$953,181,989$120,797,066$63,694,484$927,299,140
94$1,050,223,539$126,533,109$65,645,235$1,020,919,456
95$1,157,157,561$132,544,453$67,655,572$1,124,050,281
96$1,274,992,907$138,844,406$69,727,309$1,237,660,050
97$1,404,841,325$145,446,923$71,862,315$1,362,815,911
98$1,547,927,954$152,366,636$74,062,516$1,500,693,780
99$1,705,602,893$159,618,889$76,329,898$1,652,589,443
100$1,879,353,944$167,219,770$78,666,506$1,819,930,770