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%12.4%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,555,147
2 years$805,350$790,351$775,815$761,721$748,050$732,179
3 years$531,567$516,503$502,004$488,042$474,594$459,101
4 years$394,702$379,685$365,330$351,607$338,484$323,490
5 years$312,605$297,677$283,511$270,068$257,310$242,858
6 years$257,891$243,076$229,119$215,975$203,601$189,708
7 years$218,825$204,135$190,399$177,565$165,582$152,255
8 years$189,539$174,981$161,474$148,955$137,366$124,605
9 years$166,773$152,353$139,077$126,877$115,682$103,482
10 years$148,571$134,291$121,251$109,369$98,567$86,920
11 years$133,688$119,552$106,747$95,184$84,771$73,668
12 years$121,294$107,303$94,735$83,489$73,461$62,890
13 years$110,815$96,971$84,640$73,708$64,059$54,009
14 years$101,841$88,144$76,049$65,430$56,154$46,611
15 years$94,071$80,521$68,662$58,352$49,442$40,391
16 years$87,278$73,876$62,253$52,248$43,697$35,124
17 years$81,291$68,037$56,647$46,944$38,745$30,633
18 years$75,975$62,870$51,712$42,306$34,450$26,785
19 years$71,225$58,267$47,339$38,227$30,706$23,470
20 years$66,954$54,144$43,446$34,622$27,427$20,604
21 years$63,095$50,433$39,962$31,422$24,544$18,118
22 years$59,592$47,078$36,831$28,570$22,001$15,953
23 years$56,398$44,031$34,007$26,019$19,749$14,065
24 years$53,475$41,254$31,451$23,731$17,751$12,414
25 years$50,790$38,715$29,130$21,672$15,973$10,966
26 years$48,315$36,386$27,016$19,816$14,388$9,696
27 years$46,027$34,243$25,087$18,138$12,972$8,578
28 years$43,907$32,267$23,322$16,618$11,705$7,595
29 years$41,936$30,440$21,703$15,239$10,569$6,728
30 years$40,101$28,748$20,215$13,986$9,550$5,963
31 years$38,387$27,176$18,846$12,845$8,634$5,287
32 years$36,783$25,714$17,584$11,805$7,810$4,689
33 years$35,280$24,352$16,418$10,856$7,068$4,161
34 years$33,868$23,080$15,340$9,988$6,399$3,693
35 years$32,540$21,891$14,342$9,195$5,796$3,279
36 years$31,288$20,778$13,416$8,468$5,252$2,911
37 years$30,107$19,734$12,558$7,802$4,760$2,586
38 years$28,991$18,754$11,760$7,191$4,315$2,297
39 years$27,934$17,834$11,017$6,631$3,913$2,041
40 years$26,933$16,967$10,327$6,116$3,549$1,814
41 years$25,983$16,151$9,683$5,643$3,220$1,612
42 years$25,081$15,382$9,083$5,208$2,922$1,433
43 years$24,223$14,656$8,523$4,807$2,652$1,274
44 years$23,406$13,970$8,001$4,439$2,407$1,132
45 years$22,628$13,322$7,512$4,099$2,185$1,007
46 years$21,886$12,708$7,056$3,787$1,984$895
47 years$21,178$12,128$6,629$3,498$1,802$796
48 years$20,501$11,577$6,229$3,233$1,636$708
49 years$19,854$11,056$5,855$2,987$1,486$630
50 years$19,234$10,561$5,505$2,761$1,350$560

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 $4,495 every year, while hoping to spend $47,265 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: 43/38/19 Blend
52$19,700,000$19,700,000$19,700,000$19,700,000
53$21,714,037$20,669,937$20,364,587$22,527,436
54$23,878,579$21,632,474$20,996,511$24,064,682
55$26,262,320$22,640,591$21,648,020$25,724,140
56$28,887,569$23,696,473$22,319,721$27,521,047
57$31,778,908$24,802,407$23,012,238$29,468,087
58$34,963,425$25,960,793$23,726,217$31,579,178
59$38,470,969$27,174,146$24,462,320$33,869,598
60$42,334,432$28,445,104$25,221,232$36,356,119
61$46,590,061$29,776,431$26,003,660$39,057,158
62$51,277,796$31,171,025$26,810,332$41,992,939
63$56,441,650$32,631,924$27,641,996$45,185,675
64$62,130,123$34,162,313$28,499,427$48,659,772
65$68,396,659$35,765,530$29,383,422$52,442,042
66$75,300,154$37,445,077$30,294,803$56,561,950
67$82,905,508$39,204,623$31,234,417$61,051,878
68$91,284,236$41,048,017$32,203,136$65,947,422
69$100,515,150$42,979,291$33,201,863$71,287,711
70$110,685,094$45,002,675$34,231,524$77,115,765
71$121,889,771$47,122,603$35,293,077$83,478,890
72$134,234,640$49,343,724$36,387,508$90,429,105
73$147,835,918$51,670,911$37,515,834$98,023,625
74$162,821,671$54,109,274$38,679,104$106,325,376
75$179,333,025$56,664,172$39,878,397$115,403,581
76$197,525,498$59,341,222$41,114,828$125,334,393
77$217,570,470$62,146,312$42,389,546$136,201,595
78$239,656,796$65,085,620$43,703,734$148,097,371
79$263,992,593$68,165,618$45,058,613$161,123,161
80$290,807,201$71,393,098$46,455,440$175,390,594
81$320,353,351$74,775,175$47,895,513$191,022,520
82$352,909,549$78,319,315$49,380,168$208,154,151
83$388,782,703$82,033,342$50,910,785$226,934,309
84$428,311,026$85,925,462$52,488,783$247,526,809
85$471,867,221$90,004,280$54,115,627$270,111,978
86$519,862,004$94,278,817$55,792,828$294,888,330
87$572,747,982$98,758,532$57,521,941$322,074,415
88$631,023,921$103,453,345$59,304,571$351,910,848
89$695,239,459$108,373,657$61,142,372$384,662,550
90$766,000,291$113,530,373$63,037,048$420,621,219
91$843,973,890$118,934,931$64,990,359$460,108,048
92$929,895,805$124,599,321$67,004,114$503,476,721
93$1,024,576,608$130,536,118$69,080,183$551,116,714
94$1,128,909,543$136,758,509$71,220,490$603,456,935
95$1,243,878,960$143,280,320$73,427,020$660,969,730
96$1,370,569,608$150,116,049$75,701,819$724,175,298
97$1,510,176,874$157,280,902$78,046,996$793,646,563
98$1,664,018,070$164,790,821$80,464,726$870,014,528
99$1,833,544,868$172,662,526$82,957,248$953,974,186
100$2,020,357,003$180,913,548$85,526,875$1,046,291,032