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

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,469,536
2 years$760,381$746,220$732,495$719,188$706,281$692,524
3 years$501,886$487,663$473,973$460,791$448,094$434,660
4 years$372,663$358,484$344,931$331,974$319,584$306,578
5 years$295,150$281,056$267,681$254,988$242,943$230,402
6 years$243,491$229,503$216,326$203,916$192,232$180,172
7 years$206,606$192,736$179,768$167,650$156,336$144,763
8 years$178,956$165,211$152,457$140,638$129,696$118,609
9 years$157,461$143,846$131,311$119,792$109,223$98,618
10 years$140,275$126,793$114,480$103,262$93,063$82,934
11 years$126,223$112,876$100,787$89,869$80,038$70,376
12 years$114,521$101,312$89,446$78,827$69,359$60,156
13 years$104,628$91,556$79,914$69,593$60,482$51,728
14 years$96,155$83,222$71,803$61,776$53,018$44,701
15 years$88,818$76,025$64,828$55,094$46,682$38,789
16 years$82,405$69,751$58,776$49,330$41,257$33,777
17 years$76,752$64,238$53,484$44,323$36,582$29,500
18 years$71,733$59,359$48,824$39,944$32,527$25,830
19 years$67,248$55,013$44,696$36,093$28,992$22,666
20 years$63,216$51,121$41,020$32,689$25,896$19,928
21 years$59,572$47,617$37,730$29,667$23,174$17,549
22 years$56,265$44,449$34,774$26,974$20,772$15,476
23 years$53,249$41,572$32,108$24,566$18,646$13,665
24 years$50,489$38,951$29,694$22,406$16,760$12,079
25 years$47,954$36,553$27,503$20,462$15,081$10,687
26 years$45,617$34,354$25,508$18,710$13,585$9,464
27 years$43,457$32,331$23,686$17,125$12,248$8,387
28 years$41,455$30,466$22,019$15,690$11,051$7,437
29 years$39,595$28,741$20,491$14,388$9,979$6,598
30 years$37,862$27,143$19,086$13,205$9,017$5,858
31 years$36,243$25,659$17,794$12,128$8,152$5,202
32 years$34,729$24,278$16,602$11,146$7,374$4,622
33 years$33,310$22,992$15,501$10,249$6,673$4,108
34 years$31,977$21,791$14,483$9,430$6,042$3,652
35 years$30,723$20,669$13,541$8,681$5,473$3,248
36 years$29,541$19,618$12,667$7,995$4,958$2,889
37 years$28,426$18,632$11,856$7,366$4,494$2,570
38 years$27,372$17,707$11,103$6,790$4,074$2,287
39 years$26,374$16,838$10,402$6,261$3,695$2,036
40 years$25,429$16,020$9,750$5,774$3,351$1,812
41 years$24,532$15,249$9,142$5,328$3,040$1,613
42 years$23,681$14,523$8,576$4,917$2,759$1,437
43 years$22,871$13,837$8,047$4,539$2,504$1,279
44 years$22,099$13,190$7,554$4,191$2,273$1,139
45 years$21,365$12,578$7,093$3,870$2,063$1,015
46 years$20,664$11,999$6,662$3,575$1,873$904
47 years$19,995$11,450$6,259$3,303$1,701$805
48 years$19,356$10,931$5,881$3,052$1,545$717
49 years$18,745$10,439$5,528$2,821$1,403$639
50 years$18,160$9,971$5,197$2,607$1,274$569

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 $6,042 every year, while hoping to spend $40,582 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: 39/32/29 Blend
52$18,600,000$18,600,000$18,600,000$18,600,000
53$20,503,432$19,517,632$19,229,332$21,126,557
54$22,551,603$20,430,817$19,830,336$22,496,708
55$24,807,328$21,387,388$20,450,113$23,973,120
56$27,291,733$22,389,428$21,089,250$25,568,883
57$30,028,101$23,439,121$21,748,351$27,294,917
58$33,042,085$24,538,756$22,428,038$29,163,202
59$36,361,956$25,690,733$23,128,956$31,186,888
60$40,018,866$26,897,569$23,851,766$33,380,406
61$44,047,142$28,161,902$24,597,152$35,759,600
62$48,484,612$29,486,497$25,365,818$38,341,866
63$53,372,961$30,874,253$26,158,491$41,146,313
64$58,758,123$32,328,212$26,975,921$44,193,926
65$64,690,718$33,851,561$27,818,880$47,507,763
66$71,226,523$35,447,640$28,688,166$51,113,155
67$78,427,008$37,119,953$29,584,598$55,037,945
68$86,359,907$38,872,175$30,509,026$59,312,729
69$95,099,861$40,708,155$31,462,323$63,971,143
70$104,729,125$42,631,933$32,445,389$69,050,163
71$115,338,340$44,647,742$33,459,153$74,590,444
72$127,027,390$46,760,021$34,504,575$80,636,693
73$139,906,347$48,973,425$35,582,641$87,238,073
74$154,096,505$51,292,834$36,694,370$94,448,660
75$169,731,531$53,723,364$37,840,813$102,327,933
76$186,958,720$56,270,382$39,023,054$110,941,323
77$205,940,391$58,939,513$40,242,208$120,360,814
78$226,855,418$61,736,656$41,499,428$130,665,607
79$249,900,913$64,667,995$42,795,902$141,942,852
80$275,294,096$67,740,017$44,132,855$154,288,447
81$303,274,338$70,959,521$45,511,549$167,807,932
82$334,105,421$74,333,639$46,933,287$182,617,460
83$368,078,034$77,869,847$48,399,412$198,844,875
84$405,512,510$81,575,986$49,911,309$216,630,897
85$446,761,854$85,460,277$51,470,405$236,130,428
86$492,215,074$89,531,341$53,078,174$257,513,992
87$542,300,852$93,798,217$54,736,134$280,969,318
88$597,491,595$98,270,386$56,445,851$306,703,087
89$658,307,889$102,957,786$58,208,938$334,942,859
90$725,323,418$107,870,842$60,027,062$365,939,189
91$799,170,377$113,020,484$61,901,939$399,967,966
92$880,545,441$118,418,173$63,835,339$437,332,986
93$970,216,342$124,075,929$65,829,089$478,368,786
94$1,069,029,115$130,006,356$67,885,070$523,443,771
95$1,177,916,088$136,222,671$70,005,223$572,963,655
96$1,297,904,682$142,738,735$72,191,551$627,375,256
97$1,430,127,109$149,569,082$74,446,117$687,170,675
98$1,575,831,062$156,728,955$76,771,050$752,891,900
99$1,736,391,494$164,234,337$79,168,544$825,135,881
100$1,913,323,598$172,101,992$81,640,862$904,560,124