Can I retire at age 53 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,551,276
2 years$805,350$790,351$775,815$761,721$748,050$728,298
3 years$531,567$516,503$502,004$488,042$474,594$455,333
4 years$394,702$379,685$365,330$351,607$338,484$319,864
5 years$312,605$297,677$283,511$270,068$257,310$239,384
6 years$257,891$243,076$229,119$215,975$203,601$186,391
7 years$218,825$204,135$190,399$177,565$165,582$149,094
8 years$189,539$174,981$161,474$148,955$137,366$121,599
9 years$166,773$152,353$139,077$126,877$115,682$100,630
10 years$148,571$134,291$121,251$109,369$98,567$84,218
11 years$133,688$119,552$106,747$95,184$84,771$71,113
12 years$121,294$107,303$94,735$83,489$73,461$60,478
13 years$110,815$96,971$84,640$73,708$64,059$51,736
14 years$101,841$88,144$76,049$65,430$56,154$44,471
15 years$94,071$80,521$68,662$58,352$49,442$38,381
16 years$87,278$73,876$62,253$52,248$43,697$33,238
17 years$81,291$68,037$56,647$46,944$38,745$28,867
18 years$75,975$62,870$51,712$42,306$34,450$25,132
19 years$71,225$58,267$47,339$38,227$30,706$21,926
20 years$66,954$54,144$43,446$34,622$27,427$19,164
21 years$63,095$50,433$39,962$31,422$24,544$16,776
22 years$59,592$47,078$36,831$28,570$22,001$14,705
23 years$56,398$44,031$34,007$26,019$19,749$12,905
24 years$53,475$41,254$31,451$23,731$17,751$11,337
25 years$50,790$38,715$29,130$21,672$15,973$9,968
26 years$48,315$36,386$27,016$19,816$14,388$8,772
27 years$46,027$34,243$25,087$18,138$12,972$7,724
28 years$43,907$32,267$23,322$16,618$11,705$6,805
29 years$41,936$30,440$21,703$15,239$10,569$5,999
30 years$40,101$28,748$20,215$13,986$9,550$5,291
31 years$38,387$27,176$18,846$12,845$8,634$4,668
32 years$36,783$25,714$17,584$11,805$7,810$4,120
33 years$35,280$24,352$16,418$10,856$7,068$3,638
34 years$33,868$23,080$15,340$9,988$6,399$3,212
35 years$32,540$21,891$14,342$9,195$5,796$2,838
36 years$31,288$20,778$13,416$8,468$5,252$2,507
37 years$30,107$19,734$12,558$7,802$4,760$2,216
38 years$28,991$18,754$11,760$7,191$4,315$1,958
39 years$27,934$17,834$11,017$6,631$3,913$1,731
40 years$26,933$16,967$10,327$6,116$3,549$1,530
41 years$25,983$16,151$9,683$5,643$3,220$1,353
42 years$25,081$15,382$9,083$5,208$2,922$1,196
43 years$24,223$14,656$8,523$4,807$2,652$1,058
44 years$23,406$13,970$8,001$4,439$2,407$936
45 years$22,628$13,322$7,512$4,099$2,185$828
46 years$21,886$12,708$7,056$3,787$1,984$732
47 years$21,178$12,128$6,629$3,498$1,802$648
48 years$20,501$11,577$6,229$3,233$1,636$573
49 years$19,854$11,056$5,855$2,987$1,486$507
50 years$19,234$10,561$5,505$2,761$1,350$448

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $19,700,000, adding $2,091 every year, while hoping to spend $36,006 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: 57/35/8 Blend
52$19,700,000$19,700,000$19,700,000$19,700,000
53$21,711,557$20,667,457$20,362,107$22,909,325
54$23,887,826$21,641,852$21,005,927$24,690,462
55$26,284,867$22,662,786$21,670,109$26,625,984
56$28,925,162$23,732,501$22,355,296$28,733,953
57$31,833,483$24,853,348$23,062,153$31,030,847
58$35,037,128$26,027,792$23,791,365$33,534,777
59$38,566,178$27,258,417$24,543,639$36,265,643
60$42,453,783$28,547,934$25,319,706$39,245,325
61$46,736,470$29,899,184$26,120,317$42,497,871
62$51,454,492$31,315,146$26,946,249$46,049,724
63$56,652,205$32,798,943$27,798,304$49,929,960
64$62,378,489$34,353,851$28,677,306$54,170,553
65$68,687,209$35,983,304$29,584,110$58,806,669
66$75,637,721$37,690,902$30,519,595$63,876,987
67$83,295,435$39,480,422$31,484,667$69,424,054
68$91,732,429$41,355,823$32,480,263$75,494,678
69$101,028,134$43,321,255$33,507,349$82,140,355
70$111,270,079$45,381,072$34,566,920$89,417,747
71$122,554,720$47,539,838$35,660,005$97,389,203
72$134,988,350$49,802,338$36,787,664$106,123,335
73$148,688,101$52,173,592$37,950,991$115,695,651
74$163,783,052$54,658,863$39,151,113$126,189,256
75$180,415,444$57,263,667$40,389,196$137,695,620
76$198,742,025$59,993,793$41,666,439$150,315,427
77$218,935,529$62,855,307$42,984,083$164,159,509
78$241,186,309$65,854,572$44,343,406$179,349,875
79$265,704,127$68,998,261$45,745,725$196,020,845
80$292,720,143$72,293,371$47,192,401$214,320,300
81$322,489,090$75,747,238$48,684,839$234,411,059
82$355,291,681$79,367,557$50,224,485$256,472,394
83$391,437,261$83,162,395$51,812,833$280,701,702
84$431,266,723$87,140,214$53,451,425$307,316,347
85$475,155,731$91,309,887$55,141,850$336,555,686
86$523,518,261$95,680,717$56,885,747$368,683,308
87$576,810,513$100,262,462$58,684,810$403,989,491
88$635,535,217$105,065,354$60,540,783$442,793,922
89$700,246,377$110,100,125$62,455,467$485,448,683
90$771,554,502$115,378,025$64,430,719$532,341,542
91$850,132,371$120,910,858$66,468,458$583,899,591
92$936,721,380$126,710,997$68,570,658$640,593,239
93$1,032,138,546$132,791,421$70,739,361$702,940,620
94$1,137,284,219$139,165,742$72,976,670$771,512,450
95$1,253,150,577$145,848,231$75,284,757$846,937,378
96$1,380,831,000$152,853,859$77,665,860$929,907,881
97$1,521,530,387$160,198,323$80,122,291$1,021,186,757
98$1,676,576,532$167,898,086$82,656,434$1,121,614,291
99$1,847,432,660$175,970,414$85,270,746$1,232,116,134
100$2,035,711,241$184,433,414$87,967,766$1,353,712,002