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%16.4%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,467,702
2 years$772,646$758,256$744,310$730,788$717,673$678,235
3 years$509,981$495,529$481,618$468,223$455,321$417,091
4 years$378,674$364,266$350,494$337,328$324,739$288,011
5 years$299,910$285,589$271,998$259,101$246,861$211,736
6 years$247,418$233,205$219,815$207,205$195,333$161,845
7 years$209,939$195,845$182,667$170,354$158,858$127,010
8 years$181,842$167,875$154,916$142,906$131,788$101,564
9 years$160,000$146,166$133,429$121,724$110,985$82,359
10 years$142,537$128,838$116,327$104,928$94,564$67,501
11 years$128,259$114,697$102,412$91,318$81,329$55,786
12 years$116,368$102,946$90,888$80,099$70,478$46,411
13 years$106,315$93,033$81,203$70,715$61,458$38,817
14 years$97,706$84,564$72,961$62,773$53,874$32,607
15 years$90,251$77,251$65,874$55,982$47,435$27,488
16 years$83,734$70,876$59,724$50,126$41,923$23,242
17 years$77,990$65,274$54,347$45,038$37,172$19,699
18 years$72,890$60,317$49,612$40,588$33,051$16,731
19 years$68,332$55,901$45,417$36,675$29,459$14,234
20 years$64,235$51,946$41,681$33,216$26,314$12,127
21 years$60,533$48,385$38,339$30,146$23,548$10,345
22 years$57,172$45,166$35,335$27,409$21,107$8,834
23 years$54,108$42,243$32,626$24,962$18,947$7,551
24 years$51,303$39,579$30,173$22,767$17,030$6,458
25 years$48,727$37,143$27,947$20,792$15,324$5,527
26 years$46,353$34,908$25,919$19,011$13,804$4,733
27 years$44,158$32,853$24,068$17,402$12,445$4,055
28 years$42,124$30,957$22,374$15,944$11,230$3,476
29 years$40,233$29,204$20,821$14,621$10,140$2,980
30 years$38,472$27,580$19,394$13,418$9,162$2,556
31 years$36,828$26,073$18,081$12,323$8,283$2,192
32 years$35,289$24,670$16,870$11,326$7,493$1,881
33 years$33,847$23,363$15,751$10,415$6,781$1,614
34 years$32,493$22,143$14,717$9,582$6,140$1,385
35 years$31,218$21,002$13,759$8,821$5,561$1,189
36 years$30,018$19,934$12,872$8,124$5,038$1,021
37 years$28,884$18,933$12,048$7,485$4,566$877
38 years$27,813$17,993$11,282$6,899$4,140$753
39 years$26,800$17,109$10,570$6,362$3,754$646
40 years$25,839$16,278$9,907$5,868$3,405$555
41 years$24,928$15,495$9,290$5,414$3,089$477
42 years$24,062$14,757$8,714$4,996$2,803$409
43 years$23,239$14,061$8,177$4,612$2,544$352
44 years$22,456$13,403$7,676$4,258$2,309$302
45 years$21,709$12,781$7,207$3,933$2,096$259
46 years$20,997$12,192$6,769$3,633$1,903$223
47 years$20,318$11,635$6,360$3,356$1,728$191
48 years$19,668$11,107$5,976$3,101$1,570$164
49 years$19,047$10,607$5,617$2,866$1,426$141
50 years$18,453$10,132$5,281$2,649$1,295$121

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 $4,153 every year, while hoping to spend $42,244 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: 40/38/22 Blend
52$18,900,000$18,900,000$18,900,000$18,900,000
53$20,832,084$19,830,384$19,537,434$21,529,510
54$22,912,009$20,757,125$20,146,991$22,957,642
55$25,202,671$21,727,861$20,775,552$24,497,331
56$27,725,520$22,744,703$21,423,709$26,162,205
57$30,504,193$23,809,863$22,092,073$27,963,705
58$33,564,737$24,925,663$22,781,274$29,914,380
59$36,935,853$26,094,534$23,491,960$32,027,999
60$40,649,170$27,319,026$24,224,800$34,319,673
61$44,739,540$28,601,812$24,980,486$36,805,986
62$49,245,368$29,945,697$25,759,727$39,505,148
63$54,208,976$31,353,617$26,563,259$42,437,152
64$59,677,001$32,828,653$27,391,837$45,623,955
65$65,700,834$34,374,035$28,246,242$49,089,676
66$72,337,106$35,993,150$29,127,278$52,860,811
67$79,648,223$37,689,547$30,035,775$56,966,471
68$87,702,956$39,466,949$30,972,587$61,438,650
69$96,577,086$41,329,258$31,938,597$66,312,507
70$106,354,122$43,280,565$32,934,714$71,626,692
71$117,126,091$45,325,161$33,961,875$77,423,694
72$128,994,401$47,467,543$35,021,047$83,750,226
73$142,070,805$49,712,428$36,113,227$90,657,655
74$156,478,450$52,064,759$37,239,443$98,202,469
75$172,353,042$54,529,722$38,400,754$106,446,796
76$189,844,127$57,112,753$39,598,254$115,458,971
77$209,116,501$59,819,551$40,833,069$125,314,165
78$230,351,768$62,656,093$42,106,361$136,095,074
79$253,750,052$65,628,645$43,419,327$147,892,684
80$279,531,886$68,743,778$44,773,204$160,807,108
81$307,940,297$72,008,381$46,169,264$174,948,505
82$339,243,094$75,429,679$47,608,822$190,438,106
83$373,735,403$79,015,246$49,093,230$207,409,330
84$411,742,446$82,773,026$50,623,886$226,009,019
85$453,622,618$86,711,347$52,202,229$246,398,800
86$499,770,865$90,838,943$53,829,743$268,756,584
87$550,622,413$95,164,971$55,507,960$293,278,219
88$606,656,879$99,699,034$57,238,456$320,179,306
89$668,402,797$104,451,203$59,022,860$349,697,208
90$736,442,606$109,432,035$60,862,850$382,093,253
91$811,418,151$114,652,605$62,760,154$417,655,176
92$894,036,741$120,124,521$64,716,559$456,699,791
93$985,077,827$125,859,961$66,733,901$499,575,953
94$1,085,400,357$131,871,691$68,814,079$546,667,808
95$1,195,950,891$138,173,101$70,959,048$598,398,379
96$1,317,772,529$144,778,230$73,170,823$655,233,523
97$1,452,014,765$151,701,802$75,451,484$717,686,277
98$1,599,944,338$158,959,256$77,803,175$786,321,661
99$1,762,957,184$166,566,784$80,228,106$861,761,963
100$1,942,591,625$174,541,364$82,728,555$944,692,561