Can I retire at age 53 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,434,898
2 years$756,293$742,208$728,557$715,322$702,484$662,159
3 years$499,187$485,041$471,425$458,314$445,685$406,615
4 years$370,659$356,557$343,077$330,189$317,866$280,351
5 years$293,563$279,545$266,242$253,617$241,637$205,781
6 years$242,182$228,269$215,163$202,820$191,199$157,035
7 years$205,496$191,700$178,801$166,749$155,496$123,026
8 years$177,994$164,322$151,638$139,882$128,999$98,206
9 years$156,614$143,072$130,605$119,148$108,636$79,490
10 years$139,521$126,111$113,865$102,707$92,563$65,028
11 years$125,544$112,269$100,245$89,386$79,607$53,639
12 years$113,906$100,767$88,965$78,403$68,986$44,537
13 years$104,065$91,064$79,484$69,218$60,157$37,175
14 years$95,638$82,775$71,417$61,444$52,733$31,163
15 years$88,341$75,616$64,480$54,798$46,431$26,216
16 years$81,962$69,376$58,460$49,065$41,036$22,118
17 years$76,340$63,893$53,197$44,085$36,385$18,706
18 years$71,347$59,040$48,562$39,729$32,352$15,852
19 years$66,886$54,718$44,456$35,899$28,836$13,456
20 years$62,876$50,846$40,799$32,513$25,757$11,439
21 years$59,252$47,361$37,528$29,508$23,049$9,735
22 years$55,962$44,210$34,587$26,829$20,660$8,294
23 years$52,963$41,349$31,935$24,434$18,546$7,072
24 years$50,218$38,741$29,535$22,285$16,670$6,034
25 years$47,696$36,357$27,355$20,352$15,000$5,152
26 years$45,372$34,169$25,371$18,609$13,512$4,401
27 years$43,224$32,157$23,559$17,033$12,182$3,762
28 years$41,232$30,302$21,901$15,606$10,992$3,216
29 years$39,382$28,586$20,381$14,311$9,925$2,751
30 years$37,658$26,997$18,984$13,134$8,968$2,353
31 years$36,048$25,521$17,698$12,063$8,108$2,014
32 years$34,543$24,148$16,513$11,086$7,334$1,723
33 years$33,131$22,868$15,418$10,194$6,638$1,475
34 years$31,805$21,674$14,406$9,380$6,010$1,263
35 years$30,558$20,557$13,468$8,635$5,443$1,081
36 years$29,382$19,512$12,599$7,952$4,932$926
37 years$28,273$18,532$11,793$7,327$4,470$793
38 years$27,225$17,612$11,043$6,753$4,052$679
39 years$26,233$16,747$10,346$6,227$3,675$582
40 years$25,292$15,934$9,698$5,743$3,333$498
41 years$24,400$15,167$9,093$5,299$3,024$427
42 years$23,553$14,445$8,530$4,890$2,744$366
43 years$22,748$13,763$8,004$4,514$2,490$313
44 years$21,981$13,119$7,513$4,168$2,260$268
45 years$21,250$12,510$7,055$3,850$2,052$230
46 years$20,553$11,934$6,626$3,556$1,863$197
47 years$19,888$11,389$6,225$3,285$1,692$169
48 years$19,252$10,872$5,850$3,036$1,536$145
49 years$18,644$10,382$5,498$2,805$1,395$124
50 years$18,062$9,918$5,169$2,593$1,267$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $18,500,000, adding $5,502 every year, while hoping to spend $45,379 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: 66/14/20 Blend
52$18,500,000$18,500,000$18,500,000$18,500,000
53$20,392,675$19,412,175$19,125,425$21,635,639
54$22,424,445$20,315,089$19,717,844$23,372,805
55$24,661,935$21,260,725$20,328,588$25,265,416
56$27,126,080$22,251,127$20,958,223$27,333,361
57$29,839,949$23,288,442$21,607,333$29,593,854
58$32,828,964$24,374,915$22,276,518$32,065,839
59$36,121,136$25,512,904$22,966,400$34,770,165
60$39,747,334$26,704,879$23,677,616$37,729,777
61$43,741,572$27,953,428$24,410,827$40,969,930
62$48,141,333$29,261,266$25,166,710$44,518,428
63$52,987,920$30,631,240$25,945,966$48,405,871
64$58,326,849$32,066,331$26,749,316$52,665,954
65$64,208,274$33,569,668$27,577,505$57,335,766
66$70,687,465$35,144,529$28,431,299$62,456,148
67$77,825,327$36,794,352$29,311,488$68,072,064
68$85,688,975$38,522,739$30,218,888$74,233,028
69$94,352,368$40,333,470$31,154,337$80,993,557
70$103,897,004$42,230,505$32,118,702$88,413,691
71$114,412,695$44,217,997$33,112,875$96,559,544
72$125,998,410$46,300,299$34,137,777$105,503,929
73$138,763,210$48,481,975$35,194,354$115,327,033
74$152,827,278$50,767,813$36,283,586$126,117,175
75$168,323,052$53,162,828$37,406,478$137,971,624
76$185,396,479$55,672,281$38,564,070$150,997,517
77$204,208,385$58,301,689$39,757,432$165,312,860
78$224,936,003$61,056,834$40,987,669$181,047,632
79$247,774,636$63,943,780$42,255,916$198,345,009
80$272,939,507$66,968,883$43,563,348$217,362,703
81$300,667,789$70,138,810$44,911,172$238,274,443
82$331,220,841$73,460,550$46,300,634$261,271,606
83$364,886,680$76,941,431$47,733,019$286,565,013
84$401,982,697$80,589,136$49,209,650$314,386,912
85$442,858,650$84,411,722$50,731,892$344,993,155
86$487,899,973$88,417,637$52,301,151$378,665,606
87$537,531,408$92,615,738$53,918,877$415,714,790
88$592,221,017$97,015,315$55,586,564$456,482,812
89$652,484,600$101,626,105$57,305,753$501,346,571
90$718,890,565$106,458,320$59,078,032$550,721,311
91$792,065,294$111,522,668$60,905,037$605,064,522
92$872,699,053$116,830,379$62,788,456$664,880,249
93$961,552,514$122,393,224$64,730,026$730,723,830
94$1,059,463,930$128,223,552$66,731,541$803,207,128
95$1,167,357,051$134,334,306$68,794,848$883,004,289
96$1,286,249,846$140,739,063$70,921,852$970,858,090
97$1,417,264,112$147,452,058$73,114,515$1,067,586,932
98$1,561,636,061$154,488,219$75,374,861$1,174,092,549
99$1,720,727,996$161,863,198$77,704,975$1,291,368,500
100$1,896,041,167$169,593,411$80,107,007$1,420,509,532