Can I retire at age 53 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,537,234
2 years$793,086$778,316$764,001$750,121$736,659$726,824
3 years$523,472$508,638$494,359$480,610$467,367$457,752
4 years$388,691$373,903$359,767$346,252$333,330$324,009
5 years$307,844$293,144$279,194$265,955$253,392$244,392
6 years$253,964$239,374$225,630$212,686$200,500$191,833
7 years$215,493$201,026$187,500$174,861$163,061$154,730
8 years$186,653$172,317$159,015$146,687$135,274$127,281
9 years$164,233$150,033$136,959$124,945$113,921$106,263
10 years$146,308$132,246$119,404$107,703$97,066$89,739
11 years$131,652$117,731$105,121$93,734$83,480$76,480
12 years$119,447$105,669$93,293$82,218$72,342$65,662
13 years$109,128$95,494$83,351$72,586$63,084$56,717
14 years$100,290$86,801$74,891$64,434$55,299$49,238
15 years$92,638$79,295$67,617$57,463$48,689$42,926
16 years$85,949$72,751$61,304$51,452$43,032$37,558
17 years$80,053$67,001$55,784$46,229$38,155$32,962
18 years$74,818$61,912$50,924$41,662$33,926$29,005
19 years$70,140$57,380$46,619$37,645$30,239$25,580
20 years$65,934$53,320$42,784$34,095$27,010$22,605
21 years$62,135$49,665$39,353$30,943$24,171$20,009
22 years$58,685$46,361$36,270$28,135$21,666$17,739
23 years$55,539$43,360$33,489$25,623$19,448$15,746
24 years$52,661$40,626$30,972$23,369$17,481$13,993
25 years$50,016$38,125$28,686$21,342$15,730$12,449
26 years$47,579$35,832$26,605$19,514$14,169$11,084
27 years$45,326$33,722$24,705$17,862$12,774$9,877
28 years$43,238$31,776$22,966$16,365$11,527$8,808
29 years$41,298$29,977$21,372$15,007$10,408$7,859
30 years$39,490$28,310$19,907$13,773$9,404$7,016
31 years$37,802$26,762$18,559$12,649$8,503$6,267
32 years$36,223$25,323$17,316$11,625$7,691$5,600
33 years$34,743$23,981$16,168$10,690$6,961$5,006
34 years$33,352$22,728$15,106$9,836$6,302$4,477
35 years$32,044$21,558$14,123$9,055$5,708$4,004
36 years$30,812$20,461$13,212$8,339$5,172$3,583
37 years$29,648$19,434$12,366$7,683$4,687$3,207
38 years$28,549$18,469$11,581$7,082$4,249$2,871
39 years$27,509$17,562$10,850$6,530$3,854$2,570
40 years$26,523$16,709$10,169$6,023$3,495$2,302
41 years$25,587$15,905$9,536$5,557$3,171$2,062
42 years$24,699$15,148$8,945$5,128$2,877$1,847
43 years$23,854$14,433$8,393$4,734$2,611$1,654
44 years$23,050$13,757$7,879$4,371$2,370$1,482
45 years$22,284$13,119$7,398$4,037$2,152$1,328
46 years$21,553$12,515$6,948$3,729$1,954$1,190
47 years$20,855$11,943$6,528$3,445$1,774$1,067
48 years$20,189$11,401$6,134$3,183$1,611$956
49 years$19,551$10,887$5,766$2,942$1,463$857
50 years$18,941$10,400$5,421$2,719$1,329$768

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $19,400,000, adding $6,999 every year, while hoping to spend $37,427 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: 56/16/28 Blend
52$19,400,000$19,400,000$19,400,000$19,400,000
53$21,386,019$20,357,819$20,057,119$22,418,189
54$23,527,571$21,315,531$20,689,211$24,086,938
55$25,886,307$22,318,915$21,341,223$25,899,741
56$28,484,340$23,370,172$22,013,784$27,874,204
57$31,346,038$24,471,605$22,707,540$30,025,938
58$34,498,252$25,625,632$23,423,161$32,372,113
59$37,970,572$26,834,786$24,161,335$34,931,614
60$41,795,604$28,101,724$24,922,774$37,725,214
61$46,009,278$29,429,231$25,708,209$40,775,767
62$50,651,188$30,820,227$26,518,398$44,108,416
63$55,764,966$32,277,775$27,354,121$47,750,826
64$61,398,690$33,805,084$28,216,182$51,733,440
65$67,605,344$35,405,520$29,105,411$56,089,760
66$74,443,312$37,082,614$30,022,665$60,856,657
67$81,976,933$38,840,065$30,968,828$66,074,711
68$90,277,106$40,681,754$31,944,809$71,788,592
69$99,421,960$42,611,749$32,951,550$78,047,470
70$109,497,592$44,634,317$33,990,019$84,905,472
71$120,598,878$46,753,930$35,061,216$92,422,190
72$132,830,370$48,975,279$36,166,173$100,663,230
73$146,307,282$51,303,282$37,305,954$109,700,826
74$161,156,578$53,743,096$38,481,656$119,614,515
75$177,518,169$56,300,128$39,694,412$130,491,873
76$195,546,237$58,980,048$40,945,390$142,429,339
77$215,410,686$61,788,803$42,235,793$155,533,110
78$237,298,748$64,732,628$43,566,865$169,920,139
79$261,416,753$67,818,059$44,939,887$185,719,222
80$287,992,070$71,051,952$46,356,182$203,072,208
81$317,275,260$74,441,497$47,817,113$222,135,325
82$349,542,438$77,994,231$49,324,087$243,080,640
83$385,097,878$81,718,060$50,878,555$266,097,675
84$424,276,890$85,621,273$52,482,015$291,395,180
85$467,448,980$89,712,563$54,136,010$319,203,092
86$515,021,342$94,001,045$55,842,133$349,774,689
87$567,442,702$98,496,279$57,602,027$383,388,968
88$625,207,549$103,208,288$59,417,387$420,353,263
89$688,860,810$108,147,585$61,289,960$461,006,128
90$759,002,990$113,325,194$63,221,551$505,720,520
91$836,295,841$118,752,674$65,214,019$554,907,297
92$921,468,611$124,442,149$67,269,282$609,019,084
93$1,015,324,927$130,406,332$69,389,321$668,554,522
94$1,118,750,382$136,658,556$71,576,176$734,062,958
95$1,232,720,897$143,212,801$73,831,954$806,149,606
96$1,358,311,931$150,083,730$76,158,827$885,481,244
97$1,496,708,635$157,286,721$78,559,035$972,792,484
98$1,649,217,044$164,837,897$81,034,890$1,068,892,679
99$1,817,276,399$172,754,172$83,588,776$1,174,673,545
100$2,002,472,745$181,053,279$86,223,153$1,291,117,548