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%11.8%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,527,390
2 years$788,998$774,304$760,063$746,255$732,861$721,147
3 years$520,774$506,016$491,811$478,133$464,957$453,511
4 years$386,688$371,975$357,912$344,468$331,612$320,521
5 years$306,257$291,633$277,755$264,584$252,086$241,384
6 years$252,655$238,140$224,467$211,590$199,467$189,167
7 years$214,382$199,990$186,533$173,960$162,220$152,327
8 years$185,691$171,428$158,195$145,931$134,577$125,091
9 years$163,387$149,259$136,253$124,301$113,333$104,251
10 years$145,554$131,565$118,789$107,148$96,566$87,882
11 years$130,973$117,124$104,580$93,251$83,050$74,759
12 years$118,831$105,124$92,812$81,794$71,969$64,064
13 years$108,565$95,002$82,921$72,212$62,759$55,230
14 years$99,774$86,354$74,505$64,101$55,014$47,853
15 years$92,161$78,886$67,268$57,167$48,438$41,636
16 years$85,506$72,376$60,988$51,187$42,810$36,355
17 years$79,641$66,656$55,497$45,991$37,958$31,840
18 years$74,433$61,593$50,662$41,447$33,751$27,958
19 years$69,778$57,084$46,378$37,451$30,083$24,604
20 years$65,595$53,045$42,564$33,919$26,871$21,695
21 years$61,814$49,409$39,150$30,784$24,046$19,162
22 years$58,382$46,122$36,083$27,990$21,554$16,949
23 years$55,253$43,137$33,316$25,491$19,348$15,011
24 years$52,389$40,416$30,812$23,249$17,390$13,310
25 years$49,758$37,929$28,538$21,232$15,649$11,813
26 years$47,334$35,647$26,468$19,414$14,096$10,494
27 years$45,093$33,548$24,578$17,770$12,709$9,329
28 years$43,015$31,612$22,848$16,281$11,467$8,299
29 years$41,085$29,822$21,262$14,930$10,355$7,387
30 years$39,286$28,164$19,805$13,702$9,356$6,579
31 years$37,607$26,624$18,463$12,584$8,459$5,862
32 years$36,036$25,192$17,227$11,565$7,652$5,225
33 years$34,563$23,857$16,085$10,635$6,925$4,659
34 years$33,180$22,611$15,029$9,785$6,269$4,156
35 years$31,879$21,446$14,051$9,008$5,678$3,709
36 years$30,653$20,356$13,144$8,296$5,145$3,310
37 years$29,496$19,333$12,303$7,644$4,663$2,955
38 years$28,402$18,374$11,521$7,045$4,228$2,638
39 years$27,367$17,471$10,794$6,496$3,834$2,356
40 years$26,386$16,623$10,117$5,992$3,477$2,105
41 years$25,456$15,823$9,487$5,528$3,155$1,880
42 years$24,572$15,070$8,899$5,102$2,863$1,680
43 years$23,731$14,358$8,350$4,710$2,598$1,501
44 years$22,931$13,686$7,838$4,349$2,358$1,342
45 years$22,169$13,051$7,360$4,016$2,141$1,199
46 years$21,442$12,450$6,912$3,710$1,944$1,072
47 years$20,748$11,881$6,494$3,427$1,765$958
48 years$20,085$11,342$6,103$3,167$1,603$856
49 years$19,450$10,831$5,736$2,927$1,456$766
50 years$18,844$10,347$5,393$2,705$1,322$685

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 $4,462 every year, while hoping to spend $42,435 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: 56/36/8 Blend
52$19,300,000$19,300,000$19,300,000$19,300,000
53$21,273,203$20,250,303$19,951,153$22,424,648
54$23,397,919$21,197,417$20,574,366$24,148,901
55$25,737,934$22,189,518$21,217,034$26,020,874
56$28,315,163$23,228,764$21,879,765$28,058,703
57$31,153,757$24,317,421$22,563,184$30,278,198
58$34,280,326$25,457,860$23,267,937$32,696,732
59$37,724,195$26,652,571$23,994,689$35,333,396
60$41,517,678$27,904,162$24,744,126$38,209,173
61$45,696,383$29,215,368$25,516,956$41,347,130
62$50,299,549$30,589,056$26,313,909$44,772,624
63$55,370,416$32,028,232$27,135,737$48,513,537
64$60,956,630$33,536,048$27,983,216$52,600,529
65$67,110,699$35,115,807$28,857,147$57,067,315
66$73,890,482$36,770,973$29,758,353$61,950,978
67$81,359,740$38,505,180$30,687,687$67,292,309
68$89,588,734$40,322,233$31,646,024$73,136,178
69$98,654,889$42,226,127$32,634,271$79,531,949
70$108,643,528$44,221,048$33,653,359$86,533,933
71$119,648,671$46,311,383$34,704,250$94,201,890
72$131,773,930$48,501,735$35,787,937$102,601,580
73$145,133,479$50,796,928$36,905,441$111,805,370
74$159,853,139$53,202,023$38,057,818$121,892,903
75$176,071,560$55,722,322$39,246,156$132,951,837
76$193,941,531$58,363,388$40,471,574$145,078,655
77$213,631,426$61,131,053$41,735,230$158,379,561
78$235,326,787$64,031,431$43,038,317$172,971,465
79$259,232,082$67,070,933$44,382,063$188,983,071
80$285,572,628$70,256,283$45,767,736$206,556,071
81$314,596,725$73,594,529$47,196,643$225,846,465
82$346,577,994$77,093,064$48,670,134$247,026,015
83$381,817,963$80,759,637$50,189,597$270,283,841
84$420,648,912$84,602,377$51,756,465$295,828,188
85$463,437,012$88,629,805$53,372,218$323,888,368
86$510,585,779$92,850,856$55,038,379$354,716,899
87$562,539,883$97,274,903$56,756,519$388,591,866
88$619,789,347$101,911,769$58,528,259$425,819,516
89$682,874,175$106,771,760$60,355,270$466,737,125
90$752,389,443$111,865,679$62,239,274$511,716,150
91$828,990,926$117,204,857$64,182,049$561,165,709
92$913,401,279$122,801,173$66,185,426$615,536,406
93$1,006,416,866$128,667,088$68,251,295$675,324,553
94$1,108,915,276$134,815,665$70,381,603$741,076,823
95$1,221,863,606$141,260,604$72,578,358$813,395,372
96$1,346,327,594$148,016,274$74,843,633$892,943,485
97$1,483,481,676$155,097,739$77,179,562$980,451,796
98$1,634,620,078$162,520,798$79,588,348$1,076,725,147
99$1,801,169,029$170,302,021$82,072,262$1,182,650,138
100$1,984,700,231$178,458,781$84,633,644$1,299,203,452