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

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 $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%16.2%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,476,662
2 years$776,734$762,268$748,248$734,655$721,470$683,008
3 years$512,679$498,150$484,166$470,701$457,730$420,433
4 years$380,677$366,193$352,349$339,113$326,457$290,611
5 years$301,497$287,100$273,437$260,471$248,167$213,873
6 years$248,727$234,439$220,978$208,301$196,366$163,657
7 years$211,050$196,881$183,634$171,256$159,698$128,578
8 years$182,804$168,764$155,736$143,662$132,485$102,938
9 years$160,847$146,939$134,135$122,368$111,572$83,574
10 years$143,292$129,520$116,942$105,483$95,065$68,582
11 years$128,937$115,304$102,954$91,802$81,759$56,752
12 years$116,984$103,490$91,369$80,522$70,850$47,276
13 years$106,878$93,525$81,632$71,089$61,783$39,594
14 years$98,223$85,012$73,347$63,105$54,159$33,306
15 years$90,728$77,660$66,222$56,279$47,686$28,117
16 years$84,177$71,251$60,040$50,391$42,145$23,807
17 years$78,403$65,620$54,634$45,276$37,368$20,207
18 years$73,276$60,636$49,874$40,803$33,226$17,188
19 years$68,694$56,197$45,657$36,869$29,615$14,645
20 years$64,575$52,221$41,902$33,392$26,453$12,496
21 years$60,853$48,641$38,542$30,305$23,672$10,677
22 years$57,475$45,405$35,522$27,554$21,219$9,131
23 years$54,394$42,466$32,798$25,094$19,047$7,817
24 years$51,575$39,788$30,333$22,888$17,120$6,696
25 years$48,985$37,339$28,094$20,902$15,406$5,740
26 years$46,598$35,093$26,056$19,112$13,877$4,924
27 years$44,392$33,026$24,195$17,494$12,511$4,225
28 years$42,347$31,121$22,493$16,028$11,289$3,627
29 years$40,446$29,359$20,931$14,698$10,194$3,115
30 years$38,676$27,726$19,497$13,489$9,211$2,676
31 years$37,023$26,211$18,176$12,389$8,327$2,299
32 years$35,476$24,800$16,959$11,385$7,533$1,976
33 years$34,026$23,486$15,835$10,470$6,817$1,699
34 years$32,665$22,260$14,795$9,633$6,172$1,460
35 years$31,384$21,113$13,832$8,868$5,590$1,256
36 years$30,176$20,039$12,940$8,167$5,065$1,080
37 years$29,037$19,033$12,111$7,525$4,591$929
38 years$27,961$18,088$11,342$6,936$4,162$799
39 years$26,942$17,200$10,626$6,395$3,774$687
40 years$25,976$16,364$9,960$5,899$3,423$591
41 years$25,060$15,577$9,339$5,442$3,106$508
42 years$24,190$14,835$8,760$5,023$2,818$437
43 years$23,362$14,135$8,220$4,636$2,558$376
44 years$22,575$13,474$7,716$4,281$2,321$324
45 years$21,824$12,848$7,245$3,954$2,107$279
46 years$21,108$12,257$6,805$3,652$1,913$240
47 years$20,425$11,697$6,393$3,374$1,738$206
48 years$19,772$11,166$6,008$3,118$1,578$178
49 years$19,148$10,663$5,647$2,881$1,433$153
50 years$18,551$10,186$5,309$2,663$1,302$131

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 $2,104 every year, while hoping to spend $56,882 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: 49/43/8 Blend
52$19,000,000$19,000,000$19,000,000$19,000,000
53$20,940,170$19,933,170$19,638,670$21,922,094
54$23,015,546$20,849,374$20,236,044$23,510,040
55$25,300,703$21,808,564$20,851,523$25,227,669
56$27,816,980$22,812,789$21,485,654$27,091,959
57$30,587,888$23,864,192$22,139,000$29,116,619
58$33,639,337$24,965,022$22,812,141$31,316,701
59$36,999,875$26,117,634$23,505,673$33,708,734
60$40,700,962$27,324,498$24,220,213$36,310,869
61$44,777,264$28,588,202$24,956,394$39,143,046
62$49,266,980$29,911,459$25,714,868$42,227,170
63$54,212,203$31,297,112$26,496,307$45,587,307
64$59,659,319$32,748,141$27,301,405$49,249,908
65$65,659,441$34,267,672$28,130,873$53,244,041
66$72,268,894$35,858,978$28,985,448$57,601,657
67$79,549,745$37,525,491$29,865,884$62,357,884
68$87,570,390$39,270,811$30,772,962$67,551,341
69$96,406,198$41,098,709$31,707,484$73,224,494
70$106,140,222$43,013,138$32,670,277$79,424,041
71$116,863,985$45,018,242$33,662,192$86,201,343
72$128,678,342$47,118,367$34,684,106$93,612,893
73$141,694,432$49,318,066$35,736,922$101,720,832
74$156,034,727$51,622,113$36,821,572$110,593,523
75$171,834,186$54,035,514$37,939,012$120,306,180
76$189,241,534$56,563,515$39,090,229$130,941,557
77$208,420,660$59,211,616$40,276,241$142,590,718
78$229,552,165$61,985,584$41,498,093$155,353,871
79$252,835,071$64,891,463$42,756,865$169,341,301
80$278,488,694$67,935,590$44,053,665$184,674,383
81$306,754,717$71,124,610$45,389,639$201,486,714
82$337,899,469$74,465,487$46,765,963$219,925,346
83$372,216,443$77,965,524$48,183,851$240,152,154
84$410,029,062$81,632,376$49,644,552$262,345,335
85$451,693,734$85,474,070$51,149,352$286,701,071
86$497,603,217$89,499,022$52,699,577$313,435,348
87$548,190,323$93,716,052$54,296,591$342,785,970
88$603,932,009$98,134,412$55,941,800$375,014,772
89$665,353,875$102,763,798$57,636,651$410,410,062
90$733,035,126$107,614,380$59,382,634$449,289,310
91$807,614,042$112,696,818$61,181,286$492,002,111
92$889,794,001$118,022,290$63,034,186$538,933,446
93$980,350,122$123,602,514$64,942,964$590,507,286
94$1,080,136,576$129,449,779$66,909,295$647,190,549
95$1,190,094,657$135,576,968$68,934,906$709,497,468
96$1,311,261,662$141,997,590$71,021,576$777,994,405
97$1,444,780,689$148,725,810$73,171,136$853,305,150
98$1,591,911,423$155,776,477$75,385,472$936,116,763
99$1,754,042,028$163,165,165$77,666,527$1,027,186,011
100$1,932,702,259$170,908,202$80,016,299$1,127,346,460