Can I retire at age 53 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,482,755
2 years$772,646$758,256$744,310$730,788$717,673$693,200
3 years$509,981$495,529$481,618$468,223$455,321$431,495
4 years$378,674$364,266$350,494$337,328$324,739$301,743
5 years$299,910$285,589$271,998$259,101$246,861$224,762
6 years$247,418$233,205$219,815$207,205$195,333$174,155
7 years$209,939$195,845$182,667$170,354$158,858$138,608
8 years$181,842$167,875$154,916$142,906$131,788$112,463
9 years$160,000$146,166$133,429$121,724$110,985$92,574
10 years$142,537$128,838$116,327$104,928$94,564$77,053
11 years$128,259$114,697$102,412$91,318$81,329$64,698
12 years$116,368$102,946$90,888$80,099$70,478$54,706
13 years$106,315$93,033$81,203$70,715$61,458$46,523
14 years$97,706$84,564$72,961$62,773$53,874$39,751
15 years$90,251$77,251$65,874$55,982$47,435$34,097
16 years$83,734$70,876$59,724$50,126$41,923$29,344
17 years$77,990$65,274$54,347$45,038$37,172$25,323
18 years$72,890$60,317$49,612$40,588$33,051$21,904
19 years$68,332$55,901$45,417$36,675$29,459$18,985
20 years$64,235$51,946$41,681$33,216$26,314$16,482
21 years$60,533$48,385$38,339$30,146$23,548$14,331
22 years$57,172$45,166$35,335$27,409$21,107$12,476
23 years$54,108$42,243$32,626$24,962$18,947$10,873
24 years$51,303$39,579$30,173$22,767$17,030$9,485
25 years$48,727$37,143$27,947$20,792$15,324$8,281
26 years$46,353$34,908$25,919$19,011$13,804$7,235
27 years$44,158$32,853$24,068$17,402$12,445$6,325
28 years$42,124$30,957$22,374$15,944$11,230$5,533
29 years$40,233$29,204$20,821$14,621$10,140$4,842
30 years$38,472$27,580$19,394$13,418$9,162$4,239
31 years$36,828$26,073$18,081$12,323$8,283$3,712
32 years$35,289$24,670$16,870$11,326$7,493$3,252
33 years$33,847$23,363$15,751$10,415$6,781$2,849
34 years$32,493$22,143$14,717$9,582$6,140$2,498
35 years$31,218$21,002$13,759$8,821$5,561$2,189
36 years$30,018$19,934$12,872$8,124$5,038$1,920
37 years$28,884$18,933$12,048$7,485$4,566$1,684
38 years$27,813$17,993$11,282$6,899$4,140$1,477
39 years$26,800$17,109$10,570$6,362$3,754$1,295
40 years$25,839$16,278$9,907$5,868$3,405$1,136
41 years$24,928$15,495$9,290$5,414$3,089$997
42 years$24,062$14,757$8,714$4,996$2,803$875
43 years$23,239$14,061$8,177$4,612$2,544$768
44 years$22,456$13,403$7,676$4,258$2,309$674
45 years$21,709$12,781$7,207$3,933$2,096$591
46 years$20,997$12,192$6,769$3,633$1,903$519
47 years$20,318$11,635$6,360$3,356$1,728$455
48 years$19,668$11,107$5,976$3,101$1,570$400
49 years$19,047$10,607$5,617$2,866$1,426$351
50 years$18,453$10,132$5,281$2,649$1,295$308

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $18,900,000, adding $6,152 every year, while hoping to spend $22,420 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: 63/29/8 Blend
52$18,900,000$18,900,000$18,900,000$18,900,000
53$20,834,146$19,832,446$19,539,496$22,112,553
54$22,935,374$20,780,381$20,170,214$23,914,322
55$25,250,176$21,774,013$20,821,310$25,877,563
56$27,800,313$22,815,559$21,493,443$28,020,504
57$30,609,764$23,907,341$22,187,293$30,360,557
58$33,704,954$25,051,795$22,903,561$32,916,866
59$37,115,004$26,251,477$23,642,975$35,710,486
60$40,872,000$27,509,065$24,406,281$38,764,571
61$45,011,306$28,827,371$25,194,252$42,104,590
62$49,571,887$30,209,340$26,007,688$45,758,558
63$54,596,684$31,658,062$26,847,410$49,757,296
64$60,133,017$33,176,779$27,714,269$54,134,712
65$66,233,031$34,768,887$28,609,144$58,928,114
66$72,954,190$36,437,953$29,532,940$64,178,558
67$80,359,817$38,187,712$30,486,593$69,931,219
68$88,519,693$40,022,085$31,471,069$76,235,817
69$97,510,717$41,945,182$32,487,365$83,147,072
70$107,417,629$43,961,314$33,536,510$90,725,212
71$118,333,811$46,075,003$34,619,567$99,036,534
72$130,362,171$48,290,989$35,737,634$108,154,013
73$143,616,110$50,614,245$36,891,842$118,157,987
74$158,220,597$53,049,987$38,083,363$129,136,900
75$174,313,344$55,603,682$39,313,401$141,188,123
76$192,046,110$58,281,068$40,583,205$154,418,865
77$211,586,131$61,088,158$41,894,061$168,947,167
78$233,117,701$64,031,263$43,247,296$184,903,007
79$256,843,910$67,116,997$44,644,284$202,429,507
80$282,988,560$70,352,302$46,086,439$221,684,274
81$311,798,281$73,744,453$47,575,223$242,840,867
82$343,544,858$77,301,083$49,112,145$266,090,421
83$378,527,796$81,030,198$50,698,764$291,643,436
84$417,077,145$84,940,192$52,336,687$319,731,740
85$459,556,623$89,039,871$54,027,575$350,610,663
86$506,367,043$93,338,468$55,773,143$384,561,425
87$557,950,098$97,845,670$57,575,160$421,893,767
88$614,792,534$102,571,634$59,435,453$462,948,861
89$677,430,741$107,527,012$61,355,910$508,102,497
90$746,455,820$112,722,980$63,338,476$557,768,613
91$822,519,162$118,171,255$65,385,164$612,403,175
92$906,338,599$123,884,128$67,498,049$672,508,455
93$998,705,175$129,874,490$69,679,273$738,637,745
94$1,100,490,624$136,155,861$71,931,050$811,400,548
95$1,212,655,591$142,742,421$74,255,663$891,468,305
96$1,336,258,704$149,649,042$76,655,470$979,580,699
97$1,472,466,571$156,891,324$79,132,907$1,076,552,606
98$1,622,564,788$164,485,626$81,690,487$1,183,281,749
99$1,787,970,083$172,449,108$84,330,804$1,300,757,139
100$1,970,243,683$180,799,766$87,056,538$1,430,068,373