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%11.6%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,504,908
2 years$776,734$762,268$748,248$734,655$721,470$711,204
3 years$512,679$498,150$484,166$470,701$457,730$447,695
4 years$380,677$366,193$352,349$339,113$326,457$316,730
5 years$301,497$287,100$273,437$260,471$248,167$238,778
6 years$248,727$234,439$220,978$208,301$196,366$187,326
7 years$211,050$196,881$183,634$171,256$159,698$151,011
8 years$182,804$168,764$155,736$143,662$132,485$124,151
9 years$160,847$146,939$134,135$122,368$111,572$103,589
10 years$143,292$129,520$116,942$105,483$95,065$87,429
11 years$128,937$115,304$102,954$91,802$81,759$74,465
12 years$116,984$103,490$91,369$80,522$70,850$63,892
13 years$106,878$93,525$81,632$71,089$61,783$55,153
14 years$98,223$85,012$73,347$63,105$54,159$47,849
15 years$90,728$77,660$66,222$56,279$47,686$41,688
16 years$84,177$71,251$60,040$50,391$42,145$36,450
17 years$78,403$65,620$54,634$45,276$37,368$31,967
18 years$73,276$60,636$49,874$40,803$33,226$28,109
19 years$68,694$56,197$45,657$36,869$29,615$24,773
20 years$64,575$52,221$41,902$33,392$26,453$21,875
21 years$60,853$48,641$38,542$30,305$23,672$19,350
22 years$57,475$45,405$35,522$27,554$21,219$17,141
23 years$54,394$42,466$32,798$25,094$19,047$15,204
24 years$51,575$39,788$30,333$22,888$17,120$13,501
25 years$48,985$37,339$28,094$20,902$15,406$12,002
26 years$46,598$35,093$26,056$19,112$13,877$10,678
27 years$44,392$33,026$24,195$17,494$12,511$9,507
28 years$42,347$31,121$22,493$16,028$11,289$8,471
29 years$40,446$29,359$20,931$14,698$10,194$7,553
30 years$38,676$27,726$19,497$13,489$9,211$6,737
31 years$37,023$26,211$18,176$12,389$8,327$6,013
32 years$35,476$24,800$16,959$11,385$7,533$5,369
33 years$34,026$23,486$15,835$10,470$6,817$4,795
34 years$32,665$22,260$14,795$9,633$6,172$4,285
35 years$31,384$21,113$13,832$8,868$5,590$3,830
36 years$30,176$20,039$12,940$8,167$5,065$3,424
37 years$29,037$19,033$12,111$7,525$4,591$3,062
38 years$27,961$18,088$11,342$6,936$4,162$2,738
39 years$26,942$17,200$10,626$6,395$3,774$2,450
40 years$25,976$16,364$9,960$5,899$3,423$2,192
41 years$25,060$15,577$9,339$5,442$3,106$1,962
42 years$24,190$14,835$8,760$5,023$2,818$1,756
43 years$23,362$14,135$8,220$4,636$2,558$1,571
44 years$22,575$13,474$7,716$4,281$2,321$1,407
45 years$21,824$12,848$7,245$3,954$2,107$1,260
46 years$21,108$12,257$6,805$3,652$1,913$1,128
47 years$20,425$11,697$6,393$3,374$1,738$1,010
48 years$19,772$11,166$6,008$3,118$1,578$904
49 years$19,148$10,663$5,647$2,881$1,433$810
50 years$18,551$10,186$5,309$2,663$1,302$725

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 $5,944 every year, while hoping to spend $57,138 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: 58/26/16 Blend
52$19,000,000$19,000,000$19,000,000$19,000,000
53$20,944,131$19,937,131$19,642,631$22,071,936
54$23,019,638$20,853,256$20,239,865$23,752,310
55$25,304,932$21,812,356$20,855,191$25,576,462
56$27,821,350$22,816,477$21,489,155$27,563,704
57$30,592,406$23,867,762$22,142,320$29,729,744
58$33,644,007$24,968,458$22,815,263$32,091,850
59$37,004,704$26,120,921$23,508,582$34,669,010
60$40,705,955$27,327,618$24,222,892$37,482,108
61$44,782,427$28,591,136$24,958,824$40,554,110
62$49,272,321$29,914,187$25,717,030$43,910,280
63$54,217,729$31,299,614$26,498,182$47,578,409
64$59,665,037$32,750,395$27,302,971$51,589,072
65$65,665,359$34,269,652$28,132,108$55,975,908
66$72,275,020$35,860,660$28,986,329$60,775,933
67$79,556,089$37,526,849$29,866,387$66,029,878
68$87,576,960$39,271,815$30,773,062$71,782,569
69$96,413,004$41,099,328$31,707,153$78,083,341
70$106,147,275$43,013,339$32,669,487$84,986,492
71$116,871,297$45,017,992$33,660,914$92,551,792
72$128,685,924$47,117,629$34,682,310$100,845,032
73$141,702,296$49,316,800$35,734,575$109,938,640
74$156,042,886$51,620,280$36,818,639$119,912,350
75$171,842,655$54,033,068$37,935,459$130,853,947
76$189,250,328$56,560,410$39,086,018$142,860,083
77$208,429,795$59,207,804$40,271,333$156,037,177
78$229,561,659$61,981,011$41,492,448$170,502,409
79$252,844,942$64,886,074$42,750,439$186,384,812
80$278,498,961$67,929,328$44,046,414$203,826,476
81$306,765,402$71,117,411$45,381,515$222,983,876
82$337,910,595$74,457,286$46,756,918$244,029,333
83$372,228,034$77,956,252$48,173,833$267,152,629
84$410,041,145$81,621,959$49,633,508$292,562,778
85$451,706,337$85,462,431$51,137,226$320,489,982
86$497,616,370$89,486,077$52,686,310$351,187,791
87$548,204,060$93,701,715$54,282,121$384,935,475
88$603,946,365$98,118,590$55,926,064$422,040,639
89$665,368,889$102,746,395$57,619,581$462,842,112
90$733,050,839$107,595,292$59,364,161$507,713,117
91$807,630,500$112,675,937$61,161,335$557,064,781
92$889,811,253$117,999,500$63,012,682$611,349,985
93$980,368,220$123,577,694$64,919,826$671,067,618
94$1,080,155,578$129,422,801$66,884,440$736,767,265
95$1,190,114,626$135,547,697$68,908,248$809,054,363
96$1,311,282,667$141,965,883$70,993,023$888,595,890
97$1,444,802,802$148,691,515$73,140,593$976,126,635
98$1,591,934,725$155,739,436$75,352,840$1,072,456,103
99$1,754,066,608$163,125,210$77,631,701$1,178,476,125
100$1,932,728,211$170,865,154$79,979,172$1,295,169,243