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%15.2%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,537,303
2 years$805,350$790,351$775,815$761,721$748,050$714,360
3 years$531,567$516,503$502,004$488,042$474,594$441,868
4 years$394,702$379,685$365,330$351,607$338,484$306,974
5 years$312,605$297,677$283,511$270,068$257,310$227,105
6 years$257,891$243,076$229,119$215,975$203,601$174,732
7 years$218,825$204,135$190,399$177,565$165,582$138,056
8 years$189,539$174,981$161,474$148,955$137,366$111,174
9 years$166,773$152,353$139,077$126,877$115,682$90,805
10 years$148,571$134,291$121,251$109,369$98,567$74,979
11 years$133,688$119,552$106,747$95,184$84,771$62,442
12 years$121,294$107,303$94,735$83,489$73,461$52,357
13 years$110,815$96,971$84,640$73,708$64,059$44,144
14 years$101,841$88,144$76,049$65,430$56,154$37,388
15 years$94,071$80,521$68,662$58,352$49,442$31,783
16 years$87,278$73,876$62,253$52,248$43,697$27,103
17 years$81,291$68,037$56,647$46,944$38,745$23,173
18 years$75,975$62,870$51,712$42,306$34,450$19,855
19 years$71,225$58,267$47,339$38,227$30,706$17,044
20 years$66,954$54,144$43,446$34,622$27,427$14,654
21 years$63,095$50,433$39,962$31,422$24,544$12,616
22 years$59,592$47,078$36,831$28,570$22,001$10,874
23 years$56,398$44,031$34,007$26,019$19,749$9,382
24 years$53,475$41,254$31,451$23,731$17,751$8,101
25 years$50,790$38,715$29,130$21,672$15,973$7,000
26 years$48,315$36,386$27,016$19,816$14,388$6,053
27 years$46,027$34,243$25,087$18,138$12,972$5,236
28 years$43,907$32,267$23,322$16,618$11,705$4,532
29 years$41,936$30,440$21,703$15,239$10,569$3,924
30 years$40,101$28,748$20,215$13,986$9,550$3,399
31 years$38,387$27,176$18,846$12,845$8,634$2,945
32 years$36,783$25,714$17,584$11,805$7,810$2,552
33 years$35,280$24,352$16,418$10,856$7,068$2,212
34 years$33,868$23,080$15,340$9,988$6,399$1,918
35 years$32,540$21,891$14,342$9,195$5,796$1,663
36 years$31,288$20,778$13,416$8,468$5,252$1,442
37 years$30,107$19,734$12,558$7,802$4,760$1,251
38 years$28,991$18,754$11,760$7,191$4,315$1,085
39 years$27,934$17,834$11,017$6,631$3,913$941
40 years$26,933$16,967$10,327$6,116$3,549$817
41 years$25,983$16,151$9,683$5,643$3,220$709
42 years$25,081$15,382$9,083$5,208$2,922$615
43 years$24,223$14,656$8,523$4,807$2,652$534
44 years$23,406$13,970$8,001$4,439$2,407$463
45 years$22,628$13,322$7,512$4,099$2,185$402
46 years$21,886$12,708$7,056$3,787$1,984$349
47 years$21,178$12,128$6,629$3,498$1,802$303
48 years$20,501$11,577$6,229$3,233$1,636$263
49 years$19,854$11,056$5,855$2,987$1,486$228
50 years$19,234$10,561$5,505$2,761$1,350$198

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 $5,511 every year, while hoping to spend $37,112 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: 58/34/8 Blend
52$19,700,000$19,700,000$19,700,000$19,700,000
53$21,715,085$20,670,985$20,365,635$22,935,311
54$23,890,536$21,644,376$21,008,396$24,729,632
55$26,286,640$22,664,220$21,671,447$26,679,782
56$28,925,864$23,732,753$22,355,427$28,804,424
57$31,832,965$24,852,320$23,060,996$31,120,272
58$35,035,225$26,025,382$23,788,838$33,645,697
59$38,562,708$27,254,515$24,539,653$36,400,894
60$42,448,541$28,542,423$25,314,169$39,408,059
61$46,729,231$29,891,941$26,113,132$42,691,600
62$51,445,006$31,306,040$26,937,316$46,278,352
63$56,640,196$32,787,835$27,787,515$50,197,826
64$62,363,651$34,340,594$28,664,552$54,482,479
65$68,669,202$35,967,742$29,569,273$59,168,010
66$75,616,170$37,672,871$30,502,553$64,293,686
67$83,269,924$39,459,746$31,465,293$69,902,707
68$91,702,500$41,332,317$32,458,424$76,042,601
69$100,993,278$43,294,723$33,482,904$82,765,662
70$111,229,734$45,351,307$34,539,724$90,129,430
71$122,508,267$47,506,621$35,629,904$98,197,227
72$134,935,102$49,765,437$36,754,498$107,038,740
73$148,627,301$52,132,762$37,914,592$116,730,663
74$163,713,862$54,613,843$39,111,307$127,357,412
75$180,336,939$57,214,185$40,345,799$139,011,905
76$198,653,184$59,939,558$41,619,261$151,796,425
77$218,835,225$62,796,013$42,932,923$165,823,568
78$241,073,297$65,789,896$44,288,054$181,217,294
79$265,577,033$68,927,860$45,685,964$198,114,073
80$292,577,449$72,216,885$47,128,003$216,664,163
81$322,329,123$75,664,285$48,615,564$237,033,002
82$355,112,593$79,277,735$50,150,085$259,402,758
83$391,237,013$83,065,279$51,733,048$283,974,020
84$431,043,066$87,035,356$53,365,983$310,967,675
85$474,906,183$91,196,813$55,050,468$340,626,971
86$523,240,084$95,558,927$56,788,129$373,219,784
87$576,500,688$100,131,430$58,580,647$409,041,129
88$635,190,412$104,924,524$60,429,753$448,415,914
89$699,862,918$109,948,909$62,337,233$491,701,981
90$771,128,336$115,215,806$64,304,931$539,293,455
91$849,659,028$120,736,982$66,334,748$591,624,438
92$936,195,932$126,524,778$68,428,645$649,173,072
93$1,031,555,558$132,592,133$70,588,646$712,466,020
94$1,136,637,697$138,952,619$72,816,837$782,083,405
95$1,252,433,913$145,620,469$75,115,372$858,664,250
96$1,380,036,907$152,610,607$77,486,472$942,912,474
97$1,520,650,831$159,938,686$79,932,429$1,035,603,493
98$1,675,602,655$167,621,121$82,455,604$1,137,591,504
99$1,846,354,697$175,675,127$85,058,438$1,249,817,505
100$2,034,518,424$184,118,756$87,743,444$1,373,318,129