Can I retire at age 53 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,535,145
2 years$801,262$786,339$771,877$757,855$744,253$716,353
3 years$528,869$513,882$499,455$485,565$472,185$445,041
4 years$392,699$377,757$363,476$349,822$336,766$310,587
5 years$311,018$296,166$282,072$268,697$256,004$230,865
6 years$256,582$241,842$227,956$214,879$202,567$178,497
7 years$217,714$203,099$189,433$176,664$164,742$141,746
8 years$188,577$174,093$160,654$148,199$136,669$114,743
9 years$165,926$151,579$138,371$126,233$115,095$94,226
10 years$147,817$133,610$120,635$108,814$98,067$78,236
11 years$133,009$118,945$106,205$94,701$84,341$65,526
12 years$120,678$106,759$94,254$83,065$73,088$55,265
13 years$110,253$96,479$84,210$73,334$63,734$46,874
14 years$101,324$87,696$75,663$65,098$55,869$39,943
15 years$93,593$80,112$68,314$58,056$49,191$34,168
16 years$86,835$73,501$61,936$51,983$43,475$29,322
17 years$80,879$67,692$56,360$46,706$38,548$25,232
18 years$75,590$62,550$51,449$42,092$34,275$21,762
19 years$70,863$57,971$47,099$38,033$30,550$18,806
20 years$66,614$53,870$43,225$34,446$27,288$16,279
21 years$62,775$50,177$39,759$31,262$24,420$14,111
22 years$59,290$46,839$36,644$28,425$21,889$12,247
23 years$56,112$43,807$33,834$25,887$19,649$10,641
24 years$53,204$41,045$31,291$23,610$17,661$9,254
25 years$50,532$38,518$28,982$21,562$15,892$8,053
26 years$48,070$36,201$26,879$19,715$14,315$7,014
27 years$45,794$34,069$24,960$18,046$12,906$6,112
28 years$43,684$32,103$23,203$16,534$11,645$5,329
29 years$41,724$30,286$21,592$15,162$10,516$4,648
30 years$39,897$28,602$20,113$13,915$9,501$4,056
31 years$38,192$27,038$18,750$12,780$8,590$3,540
32 years$36,596$25,584$17,494$11,745$7,770$3,091
33 years$35,101$24,228$16,335$10,800$7,032$2,699
34 years$33,696$22,963$15,262$9,937$6,367$2,358
35 years$32,375$21,780$14,269$9,148$5,767$2,060
36 years$31,129$20,672$13,348$8,425$5,225$1,800
37 years$29,954$19,634$12,494$7,763$4,736$1,574
38 years$28,843$18,659$11,700$7,155$4,293$1,375
39 years$27,792$17,743$10,962$6,597$3,893$1,202
40 years$26,796$16,881$10,274$6,085$3,531$1,051
41 years$25,851$16,069$9,634$5,614$3,204$919
42 years$24,954$15,304$9,037$5,181$2,907$804
43 years$24,100$14,581$8,480$4,783$2,638$703
44 years$23,288$13,899$7,960$4,416$2,395$615
45 years$22,513$13,254$7,474$4,078$2,174$538
46 years$21,775$12,644$7,020$3,767$1,974$470
47 years$21,070$12,066$6,595$3,481$1,792$411
48 years$20,397$11,519$6,198$3,216$1,628$360
49 years$19,753$11,000$5,825$2,972$1,478$315
50 years$19,136$10,507$5,477$2,747$1,343$275

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $19,600,000, adding $4,360 every year, while hoping to spend $52,297 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: 56/24/20 Blend
52$19,600,000$19,600,000$19,600,000$19,600,000
53$21,603,697$20,564,897$20,261,097$22,697,121
54$23,751,631$21,516,934$20,884,200$24,395,679
55$26,116,901$22,513,867$21,526,425$26,239,203
56$28,721,620$23,557,842$22,188,356$28,246,417
57$31,590,156$24,651,107$22,870,596$30,433,048
58$34,749,359$25,796,018$23,573,768$32,816,389
59$38,228,817$26,995,046$24,298,512$35,415,454
60$42,061,132$28,250,779$25,045,488$38,251,150
61$46,282,232$29,565,932$25,815,377$41,346,474
62$50,931,707$30,943,350$26,608,879$44,726,718
63$56,053,181$32,386,015$27,426,717$48,419,704
64$61,694,729$33,897,053$28,269,636$52,456,042
65$67,909,325$35,479,742$29,138,402$56,869,405
66$74,755,344$37,137,517$30,033,806$61,696,849
67$82,297,114$38,873,980$30,956,663$66,979,145
68$90,605,521$40,692,907$31,907,813$72,761,163
69$99,758,681$42,598,255$32,888,121$79,092,285
70$109,842,671$44,594,175$33,898,478$86,026,862
71$120,952,349$46,685,015$34,939,803$93,624,716
72$133,192,245$48,875,337$36,013,043$101,951,699
73$146,677,547$51,169,922$37,119,173$111,080,302
74$161,535,191$53,573,781$38,259,198$121,090,328
75$177,905,054$56,092,171$39,434,156$132,069,639
76$195,941,282$58,730,600$40,645,113$144,114,965
77$215,813,738$61,494,844$41,893,168$157,332,816
78$237,709,607$64,390,959$43,179,457$171,840,467
79$261,835,165$67,425,294$44,505,147$187,767,054
80$288,417,724$70,604,505$45,871,442$205,254,782
81$317,707,778$73,935,572$47,279,581$224,460,249
82$349,981,368$77,425,812$48,730,844$245,555,912
83$385,542,687$81,082,897$50,226,547$268,731,698
84$424,726,953$84,914,870$51,768,048$294,196,784
85$467,903,569$88,930,166$53,356,744$322,181,547
86$515,479,616$93,137,627$54,994,078$352,939,731
87$567,903,690$97,546,524$56,681,534$386,750,815
88$625,670,143$102,166,581$58,420,642$423,922,636
89$689,323,743$107,007,988$60,212,978$464,794,274
90$759,464,820$112,081,435$62,060,168$509,739,233
91$836,754,934$117,398,127$63,963,886$559,168,941
92$921,923,117$122,969,816$65,925,856$613,536,616
93$1,015,772,759$128,808,821$67,947,857$673,341,513
94$1,119,189,190$134,928,062$70,031,719$739,133,619
95$1,233,148,036$141,341,086$72,179,330$811,518,814
96$1,358,724,433$148,062,097$74,392,636$891,164,565
97$1,497,103,175$155,105,989$76,673,638$978,806,195
98$1,649,589,897$162,488,381$79,024,403$1,075,253,798
99$1,817,623,404$170,225,649$81,447,058$1,181,399,851
100$2,002,789,252$178,334,966$83,943,795$1,298,227,611