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

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,458,285
2 years$772,646$758,256$744,310$730,788$717,673$668,938
3 years$509,981$495,529$481,618$468,223$455,321$408,209
4 years$378,674$364,266$350,494$337,328$324,739$279,610
5 years$299,910$285,589$271,998$259,101$246,861$203,836
6 years$247,418$233,205$219,815$207,205$195,333$154,447
7 years$209,939$195,845$182,667$170,354$158,858$120,107
8 years$181,842$167,875$154,916$142,906$131,788$95,145
9 years$160,000$146,166$133,429$121,724$110,985$76,407
10 years$142,537$128,838$116,327$104,928$94,564$61,998
11 years$128,259$114,697$102,412$91,318$81,329$50,714
12 years$116,368$102,946$90,888$80,099$70,478$41,748
13 years$106,315$93,033$81,203$70,715$61,458$34,541
14 years$97,706$84,564$72,961$62,773$53,874$28,696
15 years$90,251$77,251$65,874$55,982$47,435$23,920
16 years$83,734$70,876$59,724$50,126$41,923$19,993
17 years$77,990$65,274$54,347$45,038$37,172$16,749
18 years$72,890$60,317$49,612$40,588$33,051$14,057
19 years$68,332$55,901$45,417$36,675$29,459$11,816
20 years$64,235$51,946$41,681$33,216$26,314$9,945
21 years$60,533$48,385$38,339$30,146$23,548$8,380
22 years$57,172$45,166$35,335$27,409$21,107$7,067
23 years$54,108$42,243$32,626$24,962$18,947$5,965
24 years$51,303$39,579$30,173$22,767$17,030$5,037
25 years$48,727$37,143$27,947$20,792$15,324$4,256
26 years$46,353$34,908$25,919$19,011$13,804$3,598
27 years$44,158$32,853$24,068$17,402$12,445$3,043
28 years$42,124$30,957$22,374$15,944$11,230$2,574
29 years$40,233$29,204$20,821$14,621$10,140$2,178
30 years$38,472$27,580$19,394$13,418$9,162$1,844
31 years$36,828$26,073$18,081$12,323$8,283$1,561
32 years$35,289$24,670$16,870$11,326$7,493$1,322
33 years$33,847$23,363$15,751$10,415$6,781$1,119
34 years$32,493$22,143$14,717$9,582$6,140$948
35 years$31,218$21,002$13,759$8,821$5,561$803
36 years$30,018$19,934$12,872$8,124$5,038$680
37 years$28,884$18,933$12,048$7,485$4,566$576
38 years$27,813$17,993$11,282$6,899$4,140$488
39 years$26,800$17,109$10,570$6,362$3,754$413
40 years$25,839$16,278$9,907$5,868$3,405$350
41 years$24,928$15,495$9,290$5,414$3,089$297
42 years$24,062$14,757$8,714$4,996$2,803$251
43 years$23,239$14,061$8,177$4,612$2,544$213
44 years$22,456$13,403$7,676$4,258$2,309$181
45 years$21,709$12,781$7,207$3,933$2,096$153
46 years$20,997$12,192$6,769$3,633$1,903$130
47 years$20,318$11,635$6,360$3,356$1,728$110
48 years$19,668$11,107$5,976$3,101$1,570$93
49 years$19,047$10,607$5,617$2,866$1,426$79
50 years$18,453$10,132$5,281$2,649$1,295$67

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 $5,811 every year, while hoping to spend $40,446 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: 71/9/20 Blend
52$18,900,000$18,900,000$18,900,000$18,900,000
53$20,833,794$19,832,094$19,539,144$22,211,366
54$22,915,807$20,760,832$20,150,671$24,058,554
55$25,208,829$21,733,723$20,781,329$26,074,982
56$27,734,342$22,752,888$21,431,715$28,281,764
57$30,516,014$23,820,549$22,102,447$30,697,759
58$33,579,930$24,939,038$22,794,161$33,343,726
59$36,954,830$26,110,798$23,507,513$36,242,519
60$40,672,386$27,338,391$24,243,179$39,419,301
61$44,767,501$28,624,504$25,001,857$42,901,778
62$49,278,634$29,971,951$25,784,266$46,720,455
63$54,248,164$31,383,687$26,591,149$50,908,925
64$59,722,795$32,862,805$27,423,270$55,504,178
65$65,753,989$34,412,552$28,281,419$60,546,950
66$72,398,458$36,036,330$29,166,409$66,082,104
67$79,718,697$37,737,706$30,079,079$72,159,045
68$87,783,571$39,520,420$31,020,296$78,832,189
69$96,668,970$41,388,395$31,990,950$86,161,467
70$106,458,521$43,345,743$32,991,963$94,212,890
71$117,244,379$45,396,773$34,024,283$103,059,166
72$129,128,098$47,546,008$35,088,889$112,780,381
73$142,221,588$49,798,186$36,186,790$123,464,751
74$156,648,170$52,158,277$37,319,028$135,209,451
75$172,543,743$54,631,492$38,486,675$148,121,525
76$190,058,064$57,223,294$39,690,838$162,318,889
77$209,356,164$59,939,413$40,932,658$177,931,446
78$230,619,903$62,785,855$42,213,313$195,102,296
79$254,049,691$65,768,920$43,534,016$213,989,089
80$279,866,373$68,895,211$44,896,020$234,765,503
81$308,313,321$72,171,654$46,300,614$257,622,876
82$339,658,726$75,605,511$47,749,131$282,772,008
83$374,198,131$79,204,397$49,242,942$310,445,141
84$412,257,224$82,976,295$50,783,464$340,898,146
85$454,194,907$86,929,580$52,372,157$374,412,927
86$500,406,688$91,073,030$54,010,525$411,300,079
87$551,328,414$95,415,852$55,700,121$451,901,807
88$607,440,384$99,967,700$57,442,546$496,595,148
89$669,271,883$104,738,698$59,239,451$545,795,525
90$737,406,182$109,739,460$61,092,539$599,960,654
91$812,486,038$114,981,120$63,003,566$659,594,855
92$895,219,770$120,475,351$64,974,341$725,253,808
93$986,387,937$126,234,393$67,006,732$797,549,779
94$1,086,850,713$132,271,085$69,102,664$877,157,398
95$1,197,556,006$138,598,888$71,264,123$964,820,006
96$1,319,548,404$145,231,919$73,493,156$1,061,356,667
97$1,453,979,039$152,184,981$75,791,875$1,167,669,885
98$1,602,116,455$159,473,599$78,162,457$1,284,754,109
99$1,765,358,582$167,114,054$80,607,148$1,413,705,110
100$1,945,245,932$175,123,417$83,128,262$1,555,730,306