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%12.3%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,492,616
2 years$772,646$758,256$744,310$730,788$717,673$703,069
3 years$509,981$495,529$481,618$468,223$455,321$441,064
4 years$378,674$364,266$350,494$337,328$324,739$310,937
5 years$299,910$285,589$271,998$259,101$246,861$233,556
6 years$247,418$233,205$219,815$207,205$195,333$182,541
7 years$209,939$195,845$182,667$170,354$158,858$146,584
8 years$181,842$167,875$154,916$142,906$131,788$120,032
9 years$160,000$146,166$133,429$121,724$110,985$99,743
10 years$142,537$128,838$116,327$104,928$94,564$83,830
11 years$128,259$114,697$102,412$91,318$81,329$71,093
12 years$116,368$102,946$90,888$80,099$70,478$60,730
13 years$106,315$93,033$81,203$70,715$61,458$52,188
14 years$97,706$84,564$72,961$62,773$53,874$45,069
15 years$90,251$77,251$65,874$55,982$47,435$39,082
16 years$83,734$70,876$59,724$50,126$41,923$34,008
17 years$77,990$65,274$54,347$45,038$37,172$29,681
18 years$72,890$60,317$49,612$40,588$33,051$25,970
19 years$68,332$55,901$45,417$36,675$29,459$22,773
20 years$64,235$51,946$41,681$33,216$26,314$20,007
21 years$60,533$48,385$38,339$30,146$23,548$17,605
22 years$57,172$45,166$35,335$27,409$21,107$15,514
23 years$54,108$42,243$32,626$24,962$18,947$13,688
24 years$51,303$39,579$30,173$22,767$17,030$12,090
25 years$48,727$37,143$27,947$20,792$15,324$10,689
26 years$46,353$34,908$25,919$19,011$13,804$9,458
27 years$44,158$32,853$24,068$17,402$12,445$8,375
28 years$42,124$30,957$22,374$15,944$11,230$7,420
29 years$40,233$29,204$20,821$14,621$10,140$6,579
30 years$38,472$27,580$19,394$13,418$9,162$5,835
31 years$36,828$26,073$18,081$12,323$8,283$5,178
32 years$35,289$24,670$16,870$11,326$7,493$4,597
33 years$33,847$23,363$15,751$10,415$6,781$4,082
34 years$32,493$22,143$14,717$9,582$6,140$3,626
35 years$31,218$21,002$13,759$8,821$5,561$3,222
36 years$30,018$19,934$12,872$8,124$5,038$2,864
37 years$28,884$18,933$12,048$7,485$4,566$2,546
38 years$27,813$17,993$11,282$6,899$4,140$2,263
39 years$26,800$17,109$10,570$6,362$3,754$2,013
40 years$25,839$16,278$9,907$5,868$3,405$1,790
41 years$24,928$15,495$9,290$5,414$3,089$1,592
42 years$24,062$14,757$8,714$4,996$2,803$1,417
43 years$23,239$14,061$8,177$4,612$2,544$1,260
44 years$22,456$13,403$7,676$4,258$2,309$1,121
45 years$21,709$12,781$7,207$3,933$2,096$998
46 years$20,997$12,192$6,769$3,633$1,903$888
47 years$20,318$11,635$6,360$3,356$1,728$790
48 years$19,668$11,107$5,976$3,101$1,570$704
49 years$19,047$10,607$5,617$2,866$1,426$626
50 years$18,453$10,132$5,281$2,649$1,295$557

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 $5,141 every year, while hoping to spend $53,395 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: 68/17/15 Blend
52$18,900,000$18,900,000$18,900,000$18,900,000
53$20,833,103$19,831,403$19,538,453$22,176,538
54$22,901,268$20,746,330$20,136,179$23,987,297
55$25,178,595$21,704,299$20,752,140$25,960,308
56$27,686,365$22,707,362$21,386,889$28,116,961
57$30,448,023$23,757,671$22,040,998$30,475,299
58$33,489,405$24,857,481$22,715,056$33,055,177
59$36,838,983$26,009,156$23,409,669$35,878,445
60$40,528,128$27,215,174$24,125,462$38,969,150
61$44,591,410$28,478,131$24,863,078$42,353,762
62$49,066,924$29,800,749$25,623,181$46,061,414
63$53,996,646$31,185,881$26,406,454$50,124,178
64$59,426,835$32,636,520$27,213,600$54,577,360
65$65,408,462$34,155,800$28,045,346$59,459,828
66$71,997,698$35,747,007$28,902,438$64,814,377
67$79,256,440$37,413,587$29,785,646$70,688,123
68$87,252,895$39,159,151$30,695,763$77,132,945
69$96,062,226$40,987,485$31,633,607$84,205,970
70$105,767,259$42,902,557$32,600,019$91,970,102
71$116,459,266$44,908,529$33,595,866$100,494,614
72$128,238,825$47,009,762$34,622,042$109,855,791
73$141,216,773$49,210,827$35,679,468$120,137,648
74$155,515,244$51,516,519$36,769,091$131,432,711
75$171,268,833$53,931,862$37,891,889$143,842,885
76$188,625,855$56,462,124$39,048,869$157,480,409
77$207,749,753$59,112,829$40,241,066$172,468,907
78$228,820,636$61,889,766$41,469,550$188,944,543
79$252,036,982$64,799,006$42,735,422$207,057,302
80$277,617,510$67,846,912$44,039,814$226,972,394
81$305,803,243$71,040,158$45,383,895$248,871,804
82$336,859,786$74,385,739$46,768,868$272,956,001
83$371,079,833$77,890,988$48,195,973$299,445,816
84$408,785,925$81,563,596$49,666,487$328,584,519
85$450,333,501$85,411,623$51,181,726$360,640,105
86$496,114,249$89,443,524$52,743,045$395,907,805
87$546,559,805$93,668,160$54,351,840$434,712,869
88$602,145,828$98,094,822$56,009,550$477,413,617
89$663,396,489$102,733,255$57,717,655$524,404,807
90$730,889,418$107,593,671$59,477,684$576,121,353
91$805,261,160$112,686,783$61,291,208$633,042,410
92$887,213,182$118,023,819$63,159,847$695,695,883
93$977,518,495$123,616,554$65,085,271$764,663,395
94$1,077,028,951$129,477,335$67,069,197$840,585,758
95$1,186,683,286$135,619,107$69,113,397$924,169,007
96$1,307,515,981$142,055,443$71,219,696$1,016,191,044
97$1,440,667,027$148,800,576$73,389,972$1,117,508,963
98$1,587,392,690$155,869,430$75,626,161$1,229,067,121
99$1,749,077,364$163,277,652$77,930,258$1,351,906,029
100$1,927,246,651$171,041,652$80,304,317$1,487,172,155