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%13.2%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,455,575
2 years$756,293$742,208$728,557$715,322$702,484$682,728
3 years$499,187$485,041$471,425$458,314$445,685$426,427
4 years$370,659$356,557$343,077$330,189$317,866$299,255
5 years$293,563$279,545$266,242$253,617$241,637$223,727
6 years$242,182$228,269$215,163$202,820$191,199$174,011
7 years$205,496$191,700$178,801$166,749$155,496$139,037
8 years$177,994$164,322$151,638$139,882$128,999$113,266
9 years$156,614$143,072$130,605$119,148$108,636$93,623
10 years$139,521$126,111$113,865$102,707$92,563$78,259
11 years$125,544$112,269$100,245$89,386$79,607$65,999
12 years$113,906$100,767$88,965$78,403$68,986$56,057
13 years$104,065$91,064$79,484$69,218$60,157$47,891
14 years$95,638$82,775$71,417$61,444$52,733$41,112
15 years$88,341$75,616$64,480$54,798$46,431$35,434
16 years$81,962$69,376$58,460$49,065$41,036$30,643
17 years$76,340$63,893$53,197$44,085$36,385$26,576
18 years$71,347$59,040$48,562$39,729$32,352$23,104
19 years$66,886$54,718$44,456$35,899$28,836$20,128
20 years$62,876$50,846$40,799$32,513$25,757$17,566
21 years$59,252$47,361$37,528$29,508$23,049$15,354
22 years$55,962$44,210$34,587$26,829$20,660$13,438
23 years$52,963$41,349$31,935$24,434$18,546$11,775
24 years$50,218$38,741$29,535$22,285$16,670$10,328
25 years$47,696$36,357$27,355$20,352$15,000$9,067
26 years$45,372$34,169$25,371$18,609$13,512$7,966
27 years$43,224$32,157$23,559$17,033$12,182$7,003
28 years$41,232$30,302$21,901$15,606$10,992$6,160
29 years$39,382$28,586$20,381$14,311$9,925$5,422
30 years$37,658$26,997$18,984$13,134$8,968$4,774
31 years$36,048$25,521$17,698$12,063$8,108$4,205
32 years$34,543$24,148$16,513$11,086$7,334$3,705
33 years$33,131$22,868$15,418$10,194$6,638$3,266
34 years$31,805$21,674$14,406$9,380$6,010$2,879
35 years$30,558$20,557$13,468$8,635$5,443$2,539
36 years$29,382$19,512$12,599$7,952$4,932$2,240
37 years$28,273$18,532$11,793$7,327$4,470$1,976
38 years$27,225$17,612$11,043$6,753$4,052$1,743
39 years$26,233$16,747$10,346$6,227$3,675$1,538
40 years$25,292$15,934$9,698$5,743$3,333$1,358
41 years$24,400$15,167$9,093$5,299$3,024$1,198
42 years$23,553$14,445$8,530$4,890$2,744$1,058
43 years$22,748$13,763$8,004$4,514$2,490$934
44 years$21,981$13,119$7,513$4,168$2,260$825
45 years$21,250$12,510$7,055$3,850$2,052$728
46 years$20,553$11,934$6,626$3,556$1,863$643
47 years$19,888$11,389$6,225$3,285$1,692$568
48 years$19,252$10,872$5,850$3,036$1,536$501
49 years$18,644$10,382$5,498$2,805$1,395$443
50 years$18,062$9,918$5,169$2,593$1,267$391

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 $3,595 every year, while hoping to spend $43,005 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: 77/10/13 Blend
52$18,500,000$18,500,000$18,500,000$18,500,000
53$20,390,708$19,410,208$19,123,458$21,907,469
54$22,424,803$20,315,551$19,718,337$23,812,719
55$24,664,935$21,263,815$20,331,703$25,895,568
56$27,132,073$22,257,057$20,964,130$28,178,325
57$29,849,326$23,297,434$21,616,210$30,680,903
58$32,842,157$24,387,208$22,288,552$33,425,228
59$36,138,625$25,528,749$22,981,786$36,435,443
60$39,769,649$26,724,542$23,696,561$39,738,133
61$43,769,302$27,977,193$24,433,544$43,362,571
62$48,175,128$29,289,433$25,193,426$47,340,996
63$53,028,502$30,664,126$25,976,916$51,708,911
64$58,375,014$32,104,273$26,784,747$56,505,415
65$64,264,905$33,613,022$27,617,676$61,773,572
66$70,753,537$35,193,672$28,476,480$67,560,809
67$77,901,919$36,849,683$29,361,964$73,919,365
68$85,777,279$38,584,682$30,274,953$80,906,778
69$94,453,700$40,402,470$31,216,303$88,586,425
70$104,012,821$42,307,035$32,186,893$97,028,116
71$114,544,605$44,302,556$33,187,630$106,308,748
72$126,148,190$46,393,415$34,219,450$116,513,029
73$138,932,820$48,584,208$35,283,317$127,734,271
74$153,018,885$50,879,751$36,380,225$140,075,266
75$168,539,048$53,285,096$37,511,200$153,649,253
76$185,639,504$55,805,538$38,677,298$168,580,982
77$204,481,354$58,446,631$39,879,608$185,007,883
78$225,242,132$61,214,195$41,119,254$203,081,361
79$248,117,474$64,114,336$42,397,395$222,968,220
80$273,322,972$67,153,454$43,715,223$244,852,229
81$301,096,203$70,338,261$45,073,970$268,935,850
82$331,698,973$73,675,793$46,474,906$295,442,147
83$365,419,791$77,173,430$47,919,338$324,616,880
84$402,576,589$80,838,907$49,408,615$356,730,821
85$443,519,727$84,680,339$50,944,129$392,082,302
86$488,635,294$88,706,230$52,527,312$431,000,021
87$538,348,760$92,925,502$54,159,644$473,846,141
88$593,128,990$97,347,508$55,842,648$521,019,697
89$653,492,665$101,982,054$57,577,895$572,960,356
90$720,009,167$106,839,425$59,367,005$630,152,558
91$793,305,951$111,930,405$61,211,648$693,130,078
92$874,074,466$117,266,303$63,113,546$762,481,057
93$963,076,685$122,858,976$65,074,474$838,853,544
94$1,061,152,300$128,720,858$67,096,261$922,961,599
95$1,169,226,644$134,864,990$69,180,795$1,015,592,027
96$1,288,319,430$141,305,043$71,330,020$1,117,611,792
97$1,419,554,378$148,055,356$73,545,942$1,229,976,188
98$1,564,169,821$155,130,965$75,830,628$1,353,737,847
99$1,723,530,398$162,547,637$78,186,209$1,490,056,659
100$1,899,139,934$170,321,907$80,614,882$1,640,210,711