Can I retire at age 53 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,455,626
2 years$760,381$746,220$732,495$719,188$706,281$678,613
3 years$501,886$487,663$473,973$460,791$448,094$421,185
4 years$372,663$358,484$344,931$331,974$319,584$293,642
5 years$295,150$281,056$267,681$254,988$242,943$218,041
6 years$243,491$229,503$216,326$203,916$192,232$168,398
7 years$206,606$192,736$179,768$167,650$156,336$133,577
8 years$178,956$165,211$152,457$140,638$129,696$108,005
9 years$157,461$143,846$131,311$119,792$109,223$88,587
10 years$140,275$126,793$114,480$103,262$93,063$73,464
11 years$126,223$112,876$100,787$89,869$80,038$61,452
12 years$114,521$101,312$89,446$78,827$69,359$51,761
13 years$104,628$91,556$79,914$69,593$60,482$43,845
14 years$96,155$83,222$71,803$61,776$53,018$37,311
15 years$88,818$76,025$64,828$55,094$46,682$31,872
16 years$82,405$69,751$58,776$49,330$41,257$27,314
17 years$76,752$64,238$53,484$44,323$36,582$23,470
18 years$71,733$59,359$48,824$39,944$32,527$20,213
19 years$67,248$55,013$44,696$36,093$28,992$17,442
20 years$63,216$51,121$41,020$32,689$25,896$15,075
21 years$59,572$47,617$37,730$29,667$23,174$13,048
22 years$56,265$44,449$34,774$26,974$20,772$11,307
23 years$53,249$41,572$32,108$24,566$18,646$9,809
24 years$50,489$38,951$29,694$22,406$16,760$8,517
25 years$47,954$36,553$27,503$20,462$15,081$7,400
26 years$45,617$34,354$25,508$18,710$13,585$6,435
27 years$43,457$32,331$23,686$17,125$12,248$5,598
28 years$41,455$30,466$22,019$15,690$11,051$4,873
29 years$39,595$28,741$20,491$14,388$9,979$4,243
30 years$37,862$27,143$19,086$13,205$9,017$3,697
31 years$36,243$25,659$17,794$12,128$8,152$3,221
32 years$34,729$24,278$16,602$11,146$7,374$2,808
33 years$33,310$22,992$15,501$10,249$6,673$2,448
34 years$31,977$21,791$14,483$9,430$6,042$2,135
35 years$30,723$20,669$13,541$8,681$5,473$1,862
36 years$29,541$19,618$12,667$7,995$4,958$1,625
37 years$28,426$18,632$11,856$7,366$4,494$1,417
38 years$27,372$17,707$11,103$6,790$4,074$1,237
39 years$26,374$16,838$10,402$6,261$3,695$1,079
40 years$25,429$16,020$9,750$5,774$3,351$942
41 years$24,532$15,249$9,142$5,328$3,040$822
42 years$23,681$14,523$8,576$4,917$2,759$718
43 years$22,871$13,837$8,047$4,539$2,504$627
44 years$22,099$13,190$7,554$4,191$2,273$547
45 years$21,365$12,578$7,093$3,870$2,063$478
46 years$20,664$11,999$6,662$3,575$1,873$417
47 years$19,995$11,450$6,259$3,303$1,701$364
48 years$19,356$10,931$5,881$3,052$1,545$318
49 years$18,745$10,439$5,528$2,821$1,403$278
50 years$18,160$9,971$5,197$2,607$1,274$242

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $18,600,000, adding $4,595 every year, while hoping to spend $36,447 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: 38/48/14 Blend
52$18,600,000$18,600,000$18,600,000$18,600,000
53$20,501,940$19,516,140$19,227,840$21,193,918
54$22,554,358$20,433,651$19,833,193$22,605,877
55$24,814,902$21,394,899$20,457,604$24,126,938
56$27,304,761$22,401,988$21,101,673$25,769,955
57$30,047,286$23,457,125$21,766,018$27,545,909
58$33,068,208$24,562,623$22,451,279$29,466,830
59$36,395,881$25,720,908$23,158,112$31,545,910
60$40,061,550$26,934,521$23,887,199$33,797,612
61$44,099,646$28,206,131$24,639,238$36,237,797
62$48,548,111$29,538,532$25,414,952$38,883,866
63$53,448,753$30,934,654$26,215,088$41,754,911
64$58,847,645$32,397,572$27,040,413$44,871,884
65$64,795,559$33,930,507$27,891,721$48,257,784
66$71,348,442$35,536,838$28,769,830$51,937,857
67$78,567,947$37,220,107$29,675,583$55,939,828
68$86,522,013$38,984,028$30,609,850$60,294,144
69$95,285,508$40,832,495$31,573,530$65,034,247
70$104,940,934$42,769,592$32,567,548$70,196,875
71$115,579,208$44,799,600$33,592,859$75,822,394
72$127,300,516$46,927,009$34,650,448$81,955,163
73$140,215,262$49,156,526$35,741,332$88,643,932
74$154,445,110$51,493,088$36,866,559$95,942,285
75$170,124,132$53,941,869$38,027,209$103,909,130
76$187,400,071$56,508,298$39,224,398$112,609,228
77$206,435,739$59,198,065$40,459,276$122,113,792
78$227,410,552$62,017,138$41,733,029$132,501,131
79$250,522,225$64,971,775$43,046,882$143,857,367
80$275,988,635$68,068,535$44,402,096$156,277,226
81$304,049,884$71,314,302$45,799,974$169,864,905
82$334,970,558$74,716,288$47,241,859$184,735,030
83$369,042,230$78,282,061$48,729,136$201,013,710
84$406,586,209$82,019,554$50,263,234$218,839,699
85$447,956,577$85,937,087$51,845,627$238,365,674
86$493,543,528$90,043,384$53,477,836$259,759,647
87$543,777,052$94,347,594$55,161,428$283,206,513
88$599,130,996$98,859,311$56,898,020$308,909,765
89$660,127,536$103,588,595$58,689,282$337,093,378
90$727,342,106$108,545,998$60,536,935$368,003,882
91$801,408,832$113,742,583$62,442,753$401,912,651
92$883,026,515$119,189,952$64,408,568$439,118,423
93$972,965,233$124,900,272$66,436,268$479,950,075
94$1,072,073,605$130,886,304$68,527,801$524,769,681
95$1,181,286,807$137,161,428$70,685,177$573,975,886
96$1,301,635,399$143,739,676$72,910,468$628,007,611
97$1,434,255,054$150,635,764$75,205,813$687,348,151
98$1,580,397,279$157,865,125$77,573,417$752,529,675
99$1,741,441,229$165,443,944$80,015,554$824,138,200
100$1,918,906,729$173,389,193$82,534,570$902,819,051