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

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,444,250
2 years$756,293$742,208$728,557$715,322$702,484$671,432
3 years$499,187$485,041$471,425$458,314$445,685$415,516
4 years$370,659$356,557$343,077$330,189$317,866$288,813
5 years$293,563$279,545$266,242$253,617$241,637$213,781
6 years$242,182$228,269$215,163$202,820$191,199$164,571
7 years$205,496$191,700$178,801$166,749$155,496$130,101
8 years$177,994$164,322$151,638$139,882$128,999$104,828
9 years$156,614$143,072$130,605$119,148$108,636$85,673
10 years$139,521$126,111$113,865$102,707$92,563$70,786
11 years$125,544$112,269$100,245$89,386$79,607$58,987
12 years$113,906$100,767$88,965$78,403$68,986$49,493
13 years$104,065$91,064$79,484$69,218$60,157$41,756
14 years$95,638$82,775$71,417$61,444$52,733$35,389
15 years$88,341$75,616$64,480$54,798$46,431$30,106
16 years$81,962$69,376$58,460$49,065$41,036$25,691
17 years$76,340$63,893$53,197$44,085$36,385$21,981
18 years$71,347$59,040$48,562$39,729$32,352$18,848
19 years$66,886$54,718$44,456$35,899$28,836$16,192
20 years$62,876$50,846$40,799$32,513$25,757$13,932
21 years$59,252$47,361$37,528$29,508$23,049$12,003
22 years$55,962$44,210$34,587$26,829$20,660$10,354
23 years$52,963$41,349$31,935$24,434$18,546$8,940
24 years$50,218$38,741$29,535$22,285$16,670$7,726
25 years$47,696$36,357$27,355$20,352$15,000$6,681
26 years$45,372$34,169$25,371$18,609$13,512$5,781
27 years$43,224$32,157$23,559$17,033$12,182$5,005
28 years$41,232$30,302$21,901$15,606$10,992$4,336
29 years$39,382$28,586$20,381$14,311$9,925$3,757
30 years$37,658$26,997$18,984$13,134$8,968$3,257
31 years$36,048$25,521$17,698$12,063$8,108$2,824
32 years$34,543$24,148$16,513$11,086$7,334$2,449
33 years$33,131$22,868$15,418$10,194$6,638$2,125
34 years$31,805$21,674$14,406$9,380$6,010$1,844
35 years$30,558$20,557$13,468$8,635$5,443$1,600
36 years$29,382$19,512$12,599$7,952$4,932$1,389
37 years$28,273$18,532$11,793$7,327$4,470$1,206
38 years$27,225$17,612$11,043$6,753$4,052$1,047
39 years$26,233$16,747$10,346$6,227$3,675$909
40 years$25,292$15,934$9,698$5,743$3,333$789
41 years$24,400$15,167$9,093$5,299$3,024$685
42 years$23,553$14,445$8,530$4,890$2,744$595
43 years$22,748$13,763$8,004$4,514$2,490$517
44 years$21,981$13,119$7,513$4,168$2,260$449
45 years$21,250$12,510$7,055$3,850$2,052$390
46 years$20,553$11,934$6,626$3,556$1,863$339
47 years$19,888$11,389$6,225$3,285$1,692$294
48 years$19,252$10,872$5,850$3,036$1,536$256
49 years$18,644$10,382$5,498$2,805$1,395$222
50 years$18,062$9,918$5,169$2,593$1,267$193

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 $4,424 every year, while hoping to spend $47,136 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: 72/6/22 Blend
52$18,500,000$18,500,000$18,500,000$18,500,000
53$20,391,563$19,411,063$19,124,313$21,749,127
54$22,421,350$20,312,053$19,714,826$23,555,197
55$24,656,596$21,255,612$20,323,540$25,526,654
56$27,118,207$22,243,775$20,951,017$27,684,795
57$29,829,222$23,278,677$21,597,833$30,048,167
58$32,815,026$24,362,556$22,264,584$32,637,187
59$36,103,594$25,497,756$22,951,883$35,474,339
60$39,725,751$26,686,737$23,660,361$38,584,378
61$43,715,464$27,932,074$24,390,671$41,994,568
62$48,110,166$29,236,470$25,143,483$45,734,931
63$52,951,103$30,602,757$25,919,490$49,838,528
64$58,283,727$32,033,904$26,719,404$54,341,773
65$64,158,125$33,533,022$27,543,961$59,284,769
66$70,629,488$35,103,376$28,393,919$64,711,687
67$77,758,639$36,748,384$29,270,058$70,671,177
68$85,612,599$38,471,633$30,173,184$77,216,826
69$94,265,224$40,276,883$31,104,125$84,407,660
70$103,797,901$42,168,075$32,063,738$92,308,697
71$114,300,317$44,149,340$33,052,903$100,991,558
72$125,871,302$46,225,011$34,072,528$110,535,139
73$138,619,767$48,399,628$35,123,550$121,026,354
74$152,665,727$50,677,954$36,206,933$132,560,946
75$168,141,438$53,064,981$37,323,672$145,244,392
76$185,192,642$55,565,941$38,474,791$159,192,893
77$203,979,942$58,186,324$39,661,348$174,534,465
78$224,680,323$60,931,881$40,884,430$191,410,143
79$247,488,818$63,808,644$42,145,160$209,975,309
80$272,620,348$66,822,939$43,444,694$230,401,152
81$300,311,756$69,981,396$44,784,224$252,876,282
82$330,824,039$73,290,967$46,164,978$277,608,499
83$364,444,809$76,758,943$47,588,223$304,826,756
84$401,491,014$80,392,966$49,055,264$334,783,309
85$442,311,927$84,201,050$50,567,444$367,756,095
86$487,292,440$88,191,599$52,126,151$404,051,348
87$536,856,705$92,373,422$53,732,812$444,006,485
88$591,472,127$96,755,759$55,388,900$487,993,283
89$651,653,788$101,348,295$57,095,932$536,421,382
90$717,969,301$106,161,188$58,855,473$589,742,145
91$791,044,172$111,205,088$60,669,133$648,452,909
92$871,567,702$116,491,162$62,538,573$713,101,676
93$960,299,498$122,031,120$64,465,506$784,292,274
94$1,058,076,643$127,837,240$66,451,696$862,690,052
95$1,165,821,593$133,922,398$68,498,961$949,028,150
96$1,284,550,895$140,300,095$70,609,175$1,044,114,410
97$1,415,384,773$146,984,486$72,784,270$1,148,838,996
98$1,559,557,712$153,990,419$75,026,235$1,264,182,784
99$1,718,430,108$161,333,458$77,337,123$1,391,226,613
100$1,893,501,109$169,029,927$79,719,046$1,531,161,476