Can I retire at age 53 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,442,854
2 years$764,470$750,232$736,434$723,055$710,078$661,859
3 years$504,584$490,285$476,521$463,268$450,503$403,889
4 years$374,667$360,411$346,785$333,759$321,302$276,651
5 years$296,736$282,567$269,120$256,359$244,249$201,679
6 years$244,800$230,737$217,489$205,012$193,266$152,813
7 years$207,717$193,773$180,734$168,552$157,177$118,836
8 years$179,918$166,099$153,277$141,394$130,393$94,138
9 years$158,307$144,619$132,017$120,436$109,810$75,598
10 years$141,029$127,475$115,096$103,817$93,564$61,342
11 years$126,902$113,483$101,328$90,352$80,468$50,177
12 years$115,137$101,856$89,926$79,251$69,732$41,306
13 years$105,190$92,048$80,343$69,967$60,807$34,176
14 years$96,672$83,669$72,189$62,109$53,303$28,393
15 years$89,296$76,434$65,177$55,390$46,933$23,667
16 years$82,848$70,126$59,092$49,596$41,479$19,782
17 years$77,165$64,584$53,772$44,561$36,778$16,572
18 years$72,119$59,678$49,087$40,159$32,702$13,908
19 years$67,609$55,309$44,936$36,287$29,148$11,691
20 years$63,555$51,396$41,240$32,865$26,035$9,840
21 years$59,893$47,873$37,933$29,827$23,299$8,291
22 years$56,567$44,688$34,961$27,119$20,884$6,992
23 years$53,535$41,796$32,281$24,698$18,747$5,902
24 years$50,760$39,160$29,854$22,526$16,850$4,984
25 years$48,211$36,750$27,651$20,572$15,162$4,211
26 years$45,862$34,539$25,645$18,810$13,658$3,560
27 years$43,691$32,505$23,813$17,217$12,314$3,011
28 years$41,678$30,629$22,138$15,775$11,111$2,547
29 years$39,808$28,895$20,601$14,466$10,033$2,155
30 years$38,065$27,288$19,189$13,276$9,065$1,824
31 years$36,438$25,797$17,889$12,193$8,196$1,544
32 years$34,916$24,409$16,691$11,206$7,414$1,308
33 years$33,489$23,116$15,585$10,305$6,709$1,107
34 years$32,149$21,908$14,561$9,481$6,075$938
35 years$30,888$20,780$13,614$8,728$5,502$794
36 years$29,700$19,723$12,735$8,038$4,985$673
37 years$28,579$18,732$11,920$7,406$4,518$570
38 years$27,519$17,802$11,163$6,826$4,096$483
39 years$26,516$16,928$10,458$6,294$3,714$409
40 years$25,566$16,106$9,802$5,806$3,369$347
41 years$24,664$15,331$9,192$5,356$3,057$294
42 years$23,808$14,601$8,622$4,943$2,774$249
43 years$22,993$13,912$8,091$4,563$2,517$211
44 years$22,218$13,261$7,594$4,213$2,285$179
45 years$21,480$12,645$7,131$3,891$2,074$151
46 years$20,775$12,063$6,698$3,594$1,883$128
47 years$20,103$11,512$6,292$3,321$1,710$109
48 years$19,460$10,990$5,913$3,068$1,553$92
49 years$18,846$10,495$5,558$2,836$1,410$78
50 years$18,258$10,025$5,225$2,621$1,281$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $18,700,000, adding $3,606 every year, while hoping to spend $32,763 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: 69/14/17 Blend
52$18,700,000$18,700,000$18,700,000$18,700,000
53$20,611,120$19,620,020$19,330,170$21,949,585
54$22,678,594$20,546,541$19,942,871$23,768,568
55$24,955,853$21,517,364$20,574,999$25,753,878
56$27,464,260$22,534,624$21,227,171$27,925,293
57$30,227,356$23,600,562$21,900,023$30,301,153
58$33,271,082$24,717,526$22,594,210$32,901,644
59$36,624,026$25,887,978$23,310,409$35,748,983
60$40,317,687$27,114,500$24,049,319$38,867,626
61$44,386,779$28,399,798$24,811,659$42,284,490
62$48,869,555$29,746,712$25,598,173$46,029,210
63$53,808,166$31,158,218$26,409,629$50,134,410
64$59,249,063$32,637,435$27,246,816$54,636,008
65$65,243,435$34,187,637$28,110,552$59,573,550
66$71,847,689$35,812,254$29,001,678$64,990,578
67$79,123,983$37,514,884$29,921,064$70,935,038
68$87,140,816$39,299,300$30,869,607$77,459,727
69$95,973,670$41,169,457$31,848,230$84,622,784
70$105,705,728$43,129,504$32,857,888$92,488,235
71$116,428,651$45,183,789$33,899,567$101,126,591
72$128,243,452$47,336,873$34,974,281$110,615,508
73$141,261,444$49,593,540$36,083,079$121,040,512
74$155,605,292$51,958,803$37,227,043$132,495,803
75$171,410,170$54,437,923$38,407,287$145,085,132
76$188,825,040$57,036,414$39,624,964$158,922,779
77$208,014,054$59,760,058$40,881,260$174,134,621
78$229,158,106$62,614,920$42,177,401$190,859,312
79$252,456,541$65,607,358$43,514,652$209,249,585
80$278,129,031$68,744,042$44,894,316$229,473,685
81$306,417,656$72,031,964$46,317,739$251,716,946
82$337,589,184$75,478,457$47,786,310$276,183,535
83$371,937,590$79,091,212$49,301,461$303,098,367
84$409,786,835$82,878,292$50,864,671$332,709,219
85$451,493,919$86,848,155$52,477,464$365,289,056
86$497,452,254$91,009,669$54,141,414$401,138,600
87$548,095,376$95,372,135$55,858,143$440,589,155
88$603,901,040$99,945,306$57,629,328$484,005,724
89$665,395,731$104,739,410$59,456,695$531,790,440
90$733,159,629$109,765,174$61,342,027$584,386,349
91$807,832,090$115,033,847$63,287,164$642,281,582
92$890,117,683$120,557,226$65,294,004$706,013,943
93$980,792,839$126,347,682$67,364,505$776,175,977
94$1,080,713,179$132,418,189$69,500,687$853,420,542
95$1,190,821,598$138,782,355$71,704,635$938,466,960
96$1,312,157,159$145,454,448$73,978,498$1,032,107,789
97$1,445,864,908$152,449,435$76,324,496$1,135,216,286
98$1,593,206,680$159,783,009$78,744,918$1,248,754,633
99$1,755,573,015$167,471,630$81,242,127$1,373,783,001
100$1,934,496,283$175,532,559$83,818,558$1,511,469,537