Can I retire at age 53 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,516,636
2 years$788,998$774,304$760,063$746,255$732,861$710,368
3 years$520,774$506,016$491,811$478,133$464,957$443,043
4 years$386,688$371,975$357,912$344,468$331,612$310,445
5 years$306,257$291,633$277,755$264,584$252,086$231,729
6 years$252,655$238,140$224,467$211,590$199,467$179,943
7 years$214,382$199,990$186,533$173,960$162,220$143,535
8 years$185,691$171,428$158,195$145,931$134,577$116,730
9 years$163,387$149,259$136,253$124,301$113,333$96,314
10 years$145,554$131,565$118,789$107,148$96,566$80,362
11 years$130,973$117,124$104,580$93,251$83,050$67,646
12 years$118,831$105,124$92,812$81,794$71,969$57,346
13 years$108,565$95,002$82,921$72,212$62,759$48,896
14 years$99,774$86,354$74,505$64,101$55,014$41,890
15 years$92,161$78,886$67,268$57,167$48,438$36,031
16 years$85,506$72,376$60,988$51,187$42,810$31,095
17 years$79,641$66,656$55,497$45,991$37,958$26,910
18 years$74,433$61,593$50,662$41,447$33,751$23,344
19 years$69,778$57,084$46,378$37,451$30,083$20,292
20 years$65,595$53,045$42,564$33,919$26,871$17,671
21 years$61,814$49,409$39,150$30,784$24,046$15,411
22 years$58,382$46,122$36,083$27,990$21,554$13,457
23 years$55,253$43,137$33,316$25,491$19,348$11,765
24 years$52,389$40,416$30,812$23,249$17,390$10,295
25 years$49,758$37,929$28,538$21,232$15,649$9,016
26 years$47,334$35,647$26,468$19,414$14,096$7,903
27 years$45,093$33,548$24,578$17,770$12,709$6,931
28 years$43,015$31,612$22,848$16,281$11,467$6,082
29 years$41,085$29,822$21,262$14,930$10,355$5,340
30 years$39,286$28,164$19,805$13,702$9,356$4,690
31 years$37,607$26,624$18,463$12,584$8,459$4,121
32 years$36,036$25,192$17,227$11,565$7,652$3,622
33 years$34,563$23,857$16,085$10,635$6,925$3,185
34 years$33,180$22,611$15,029$9,785$6,269$2,801
35 years$31,879$21,446$14,051$9,008$5,678$2,464
36 years$30,653$20,356$13,144$8,296$5,145$2,167
37 years$29,496$19,333$12,303$7,644$4,663$1,907
38 years$28,402$18,374$11,521$7,045$4,228$1,678
39 years$27,367$17,471$10,794$6,496$3,834$1,477
40 years$26,386$16,623$10,117$5,992$3,477$1,301
41 years$25,456$15,823$9,487$5,528$3,155$1,145
42 years$24,572$15,070$8,899$5,102$2,863$1,008
43 years$23,731$14,358$8,350$4,710$2,598$888
44 years$22,931$13,686$7,838$4,349$2,358$782
45 years$22,169$13,051$7,360$4,016$2,141$688
46 years$21,442$12,450$6,912$3,710$1,944$606
47 years$20,748$11,881$6,494$3,427$1,765$534
48 years$20,085$11,342$6,103$3,167$1,603$470
49 years$19,450$10,831$5,736$2,927$1,456$414
50 years$18,844$10,347$5,393$2,705$1,322$365

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $19,300,000, adding $4,379 every year, while hoping to spend $59,991 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: 63/12/25 Blend
52$19,300,000$19,300,000$19,300,000$19,300,000
53$21,273,117$20,250,217$19,951,067$22,472,674
54$23,379,145$21,178,648$20,555,598$24,213,237
55$25,697,977$22,150,561$21,178,370$26,106,521
56$28,251,256$23,168,024$21,819,930$28,173,165
57$31,062,830$24,233,203$22,480,844$30,430,145
58$34,158,979$25,348,369$23,161,692$32,896,141
59$37,568,658$26,515,903$23,863,072$35,591,711
60$41,323,776$27,738,297$24,585,600$38,539,482
61$45,459,494$29,018,167$25,329,911$41,764,358
62$50,014,558$30,358,253$26,096,658$45,293,751
63$55,031,662$31,761,425$26,886,515$49,157,838
64$60,557,851$33,230,696$27,700,173$53,389,840
65$66,644,971$34,769,218$28,538,348$58,026,331
66$73,350,148$36,380,301$29,401,773$63,107,581
67$80,736,337$38,067,409$30,291,206$68,677,925
68$88,872,908$39,834,176$31,207,425$74,786,186
69$97,836,304$41,684,411$32,151,235$81,486,122
70$107,710,766$43,622,106$33,123,460$88,836,933
71$118,589,121$45,651,445$34,124,952$96,903,812
72$130,573,661$47,776,816$35,156,587$105,758,557
73$143,777,110$50,002,815$36,219,269$115,480,239
74$158,323,686$52,334,265$37,313,926$126,155,944
75$174,350,275$54,776,216$38,441,515$137,881,591
76$192,007,719$57,333,967$39,603,022$150,762,825
77$211,462,245$60,013,070$40,799,461$164,916,012
78$232,897,029$62,819,345$42,031,878$180,469,327
79$256,513,929$65,758,896$43,301,349$197,563,958
80$282,535,386$68,838,118$44,608,981$216,355,429
81$311,206,529$72,063,719$45,955,915$237,015,063
82$342,797,483$75,442,730$47,343,326$259,731,586
83$377,605,923$78,982,520$48,772,424$284,712,902
84$415,959,881$82,690,818$50,244,455$312,188,045
85$458,220,845$86,575,724$51,760,700$342,409,334
86$504,787,168$90,645,732$53,322,481$375,654,740
87$556,097,832$94,909,745$54,931,157$412,230,504
88$612,636,589$99,377,101$56,588,128$452,474,011
89$674,936,527$104,057,585$58,294,836$496,756,969
90$743,585,105$108,961,459$60,052,766$545,488,903
91$819,229,698$114,099,483$61,863,446$599,121,009
92$902,583,705$119,482,935$63,728,449$658,150,399
93$994,433,287$125,123,643$65,649,396$723,124,779
94$1,095,644,786$131,034,005$67,627,955$794,647,611
95$1,207,172,907$137,227,024$69,665,844$873,383,786
96$1,330,069,725$143,716,330$71,764,831$960,065,894
97$1,465,494,622$150,516,215$73,926,738$1,055,501,116
98$1,614,725,228$157,641,664$76,153,438$1,160,578,831
99$1,779,169,486$165,108,390$78,446,863$1,276,278,994
100$1,960,378,941$172,932,868$80,809,000$1,403,681,370