Can I retire at age 53 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,471,305
2 years$776,734$762,268$748,248$734,655$721,470$677,708
3 years$512,679$498,150$484,166$470,701$457,730$415,360
4 years$380,677$366,193$352,349$339,113$326,457$285,803
5 years$301,497$287,100$273,437$260,471$248,167$209,341
6 years$248,727$234,439$220,978$208,301$196,366$159,403
7 years$211,050$196,881$183,634$171,256$159,698$124,598
8 years$182,804$168,764$155,736$143,662$132,485$99,227
9 years$160,847$146,939$134,135$122,368$111,572$80,122
10 years$143,292$129,520$116,942$105,483$95,065$65,382
11 years$128,937$115,304$102,954$91,802$81,759$53,793
12 years$116,984$103,490$91,369$80,522$70,850$44,547
13 years$106,878$93,525$81,632$71,089$61,783$37,083
14 years$98,223$85,012$73,347$63,105$54,159$31,000
15 years$90,728$77,660$66,222$56,279$47,686$26,005
16 years$84,177$71,251$60,040$50,391$42,145$21,878
17 years$78,403$65,620$54,634$45,276$37,368$18,449
18 years$73,276$60,636$49,874$40,803$33,226$15,588
19 years$68,694$56,197$45,657$36,869$29,615$13,192
20 years$64,575$52,221$41,902$33,392$26,453$11,180
21 years$60,853$48,641$38,542$30,305$23,672$9,486
22 years$57,475$45,405$35,522$27,554$21,219$8,056
23 years$54,394$42,466$32,798$25,094$19,047$6,848
24 years$51,575$39,788$30,333$22,888$17,120$5,825
25 years$48,985$37,339$28,094$20,902$15,406$4,957
26 years$46,598$35,093$26,056$19,112$13,877$4,221
27 years$44,392$33,026$24,195$17,494$12,511$3,596
28 years$42,347$31,121$22,493$16,028$11,289$3,065
29 years$40,446$29,359$20,931$14,698$10,194$2,612
30 years$38,676$27,726$19,497$13,489$9,211$2,228
31 years$37,023$26,211$18,176$12,389$8,327$1,900
32 years$35,476$24,800$16,959$11,385$7,533$1,621
33 years$34,026$23,486$15,835$10,470$6,817$1,383
34 years$32,665$22,260$14,795$9,633$6,172$1,180
35 years$31,384$21,113$13,832$8,868$5,590$1,007
36 years$30,176$20,039$12,940$8,167$5,065$859
37 years$29,037$19,033$12,111$7,525$4,591$733
38 years$27,961$18,088$11,342$6,936$4,162$626
39 years$26,942$17,200$10,626$6,395$3,774$534
40 years$25,976$16,364$9,960$5,899$3,423$456
41 years$25,060$15,577$9,339$5,442$3,106$390
42 years$24,190$14,835$8,760$5,023$2,818$333
43 years$23,362$14,135$8,220$4,636$2,558$284
44 years$22,575$13,474$7,716$4,281$2,321$242
45 years$21,824$12,848$7,245$3,954$2,107$207
46 years$21,108$12,257$6,805$3,652$1,913$177
47 years$20,425$11,697$6,393$3,374$1,738$151
48 years$19,772$11,166$6,008$3,118$1,578$129
49 years$19,148$10,663$5,647$2,881$1,433$110
50 years$18,551$10,186$5,309$2,663$1,302$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $19,000,000, adding $6,702 every year, while hoping to spend $34,021 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: 62/20/18 Blend
52$19,000,000$19,000,000$19,000,000$19,000,000
53$20,944,913$19,937,913$19,643,413$22,147,094
54$23,045,096$20,878,673$20,265,269$23,898,487
55$25,358,358$21,864,389$20,906,818$25,805,241
56$27,906,396$22,897,230$21,568,681$27,886,072
57$30,713,120$23,979,467$22,251,505$30,157,913
58$33,804,880$25,113,481$22,955,951$32,639,390
59$37,210,707$26,301,772$23,682,705$35,350,991
60$40,962,598$27,546,957$24,432,475$38,315,258
61$45,095,808$28,851,783$25,205,988$41,556,990
62$49,649,189$30,219,129$26,003,997$45,103,477
63$54,665,553$31,652,014$26,827,277$48,984,747
64$60,192,079$33,153,602$27,676,631$53,233,849
65$66,280,756$34,727,213$28,552,883$57,887,152
66$72,988,874$36,376,328$29,456,886$62,984,689
67$80,379,566$38,104,594$30,389,518$68,570,524
68$88,522,402$39,915,840$31,351,687$74,693,162
69$97,494,047$41,814,076$32,344,328$81,405,999
70$107,378,984$43,803,510$33,368,408$88,767,820
71$118,270,312$45,888,553$34,424,921$96,843,344
72$130,270,624$48,073,832$35,514,895$105,703,829
73$143,492,974$50,364,197$36,639,391$115,427,734
74$158,061,949$52,764,734$37,799,502$126,101,451
75$174,114,839$55,280,777$38,996,357$137,820,112
76$191,802,937$57,917,920$40,231,119$150,688,476
77$211,292,965$60,682,026$41,504,990$164,821,909
78$232,768,649$63,579,247$42,819,208$180,347,460
79$256,432,452$66,616,031$44,175,053$197,405,052
80$282,507,487$69,799,142$45,573,843$216,148,788
81$311,239,623$73,135,671$47,016,938$236,748,397
82$342,899,801$76,633,056$48,505,742$259,390,819
83$377,786,601$80,299,095$50,041,704$284,281,961
84$416,229,051$84,141,968$51,626,318$311,648,623
85$458,589,740$88,170,250$53,261,126$341,740,626
86$505,268,237$92,392,936$54,947,717$374,833,154
87$556,704,864$96,819,457$56,687,733$411,229,338
88$613,384,855$101,459,705$58,482,866$451,263,098
89$675,842,931$106,324,052$60,334,864$495,302,280
90$744,668,355$111,423,375$62,245,527$543,752,108
91$820,510,490$116,769,084$64,216,715$597,058,993
92$904,084,931$122,373,139$66,250,345$655,714,725
93$996,180,259$128,248,088$68,348,397$720,261,095
94$1,097,665,488$134,407,087$70,512,911$791,294,988
95$1,209,498,269$140,863,935$72,745,994$869,473,996
96$1,332,733,926$147,633,102$75,049,819$955,522,600
97$1,468,535,426$154,729,764$77,426,627$1,050,238,985
98$1,618,184,352$162,169,834$79,878,732$1,154,502,552
99$1,783,093,005$169,970,006$82,408,518$1,269,282,185
100$1,964,817,737$178,147,781$85,018,449$1,395,645,378