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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.8%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,527,356
2 years$805,350$790,351$775,815$761,721$748,050$704,500
3 years$531,567$516,503$502,004$488,042$474,594$432,406
4 years$394,702$379,685$365,330$351,607$338,484$297,984
5 years$312,605$297,677$283,511$270,068$257,310$218,608
6 years$257,891$243,076$229,119$215,975$203,601$166,733
7 years$218,825$204,135$190,399$177,565$165,582$130,549
8 years$189,539$174,981$161,474$148,955$137,366$104,150
9 years$166,773$152,353$139,077$126,877$115,682$84,251
10 years$148,571$134,291$121,251$109,369$98,567$68,879
11 years$133,688$119,552$106,747$95,184$84,771$56,780
12 years$121,294$107,303$94,735$83,489$73,461$47,113
13 years$110,815$96,971$84,640$73,708$64,059$39,299
14 years$101,841$88,144$76,049$65,430$56,154$32,921
15 years$94,071$80,521$68,662$58,352$49,442$27,675
16 years$87,278$73,876$62,253$52,248$43,697$23,333
17 years$81,291$68,037$56,647$46,944$38,745$19,719
18 years$75,975$62,870$51,712$42,306$34,450$16,698
19 years$71,225$58,267$47,339$38,227$30,706$14,163
20 years$66,954$54,144$43,446$34,622$27,427$12,031
21 years$63,095$50,433$39,962$31,422$24,544$10,231
22 years$59,592$47,078$36,831$28,570$22,001$8,710
23 years$56,398$44,031$34,007$26,019$19,749$7,421
24 years$53,475$41,254$31,451$23,731$17,751$6,327
25 years$50,790$38,715$29,130$21,672$15,973$5,398
26 years$48,315$36,386$27,016$19,816$14,388$4,607
27 years$46,027$34,243$25,087$18,138$12,972$3,935
28 years$43,907$32,267$23,322$16,618$11,705$3,361
29 years$41,936$30,440$21,703$15,239$10,569$2,872
30 years$40,101$28,748$20,215$13,986$9,550$2,455
31 years$38,387$27,176$18,846$12,845$8,634$2,099
32 years$36,783$25,714$17,584$11,805$7,810$1,795
33 years$35,280$24,352$16,418$10,856$7,068$1,535
34 years$33,868$23,080$15,340$9,988$6,399$1,313
35 years$32,540$21,891$14,342$9,195$5,796$1,124
36 years$31,288$20,778$13,416$8,468$5,252$961
37 years$30,107$19,734$12,558$7,802$4,760$823
38 years$28,991$18,754$11,760$7,191$4,315$704
39 years$27,934$17,834$11,017$6,631$3,913$603
40 years$26,933$16,967$10,327$6,116$3,549$516
41 years$25,983$16,151$9,683$5,643$3,220$441
42 years$25,081$15,382$9,083$5,208$2,922$378
43 years$24,223$14,656$8,523$4,807$2,652$323
44 years$23,406$13,970$8,001$4,439$2,407$277
45 years$22,628$13,322$7,512$4,099$2,185$237
46 years$21,886$12,708$7,056$3,787$1,984$203
47 years$21,178$12,128$6,629$3,498$1,802$174
48 years$20,501$11,577$6,229$3,233$1,636$149
49 years$19,854$11,056$5,855$2,987$1,486$127
50 years$19,234$10,561$5,505$2,761$1,350$109

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 $3,991 every year, while hoping to spend $53,600 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: 64/18/18 Blend
52$19,700,000$19,700,000$19,700,000$19,700,000
53$21,713,517$20,669,417$20,364,067$23,004,906
54$23,871,265$21,625,188$20,989,233$24,828,391
55$26,247,308$22,625,996$21,633,546$26,813,144
56$28,863,854$23,673,990$22,297,590$28,980,105
57$31,745,376$24,771,425$22,981,969$31,347,070
58$34,918,842$25,920,662$23,687,302$33,933,623
59$38,413,968$27,124,179$24,414,230$36,761,306
60$42,263,499$28,384,569$25,163,413$39,853,829
61$46,503,518$29,704,555$25,935,530$43,237,280
62$51,173,787$31,086,989$26,731,280$46,940,370
63$56,318,121$32,534,859$27,551,386$50,994,702
64$61,984,802$34,051,300$28,396,590$55,435,057
65$68,227,035$35,639,597$29,267,659$60,299,722
66$75,103,449$37,303,194$30,165,382$65,630,846
67$82,678,651$39,045,700$31,090,573$71,474,826
68$91,023,835$40,870,901$32,044,068$77,882,746
69$100,217,454$42,782,764$33,026,733$84,910,848
70$110,345,962$44,785,447$34,039,456$92,621,054
71$121,504,628$46,883,311$35,083,155$101,081,552
72$133,798,433$49,080,926$36,158,774$110,367,423
73$147,343,067$51,383,086$37,267,287$120,561,344
74$162,266,016$53,794,813$38,409,697$131,754,365
75$178,707,764$56,321,374$39,587,037$144,046,755
76$196,823,126$58,968,290$40,800,372$157,548,941
77$216,782,700$61,741,352$42,050,800$172,382,541
78$238,774,485$64,646,627$43,339,451$188,681,503
79$263,005,650$67,690,480$44,667,490$206,593,357
80$289,704,493$70,879,580$46,036,118$226,280,602
81$319,122,595$74,220,923$47,446,571$247,922,222
82$351,537,193$77,721,841$48,900,125$271,715,370
83$387,253,798$81,390,024$50,398,091$297,877,213
84$426,609,082$85,233,531$51,941,823$326,646,973
85$469,974,049$89,260,815$53,532,715$358,288,167
86$517,757,544$93,480,737$55,172,203$393,091,087
87$570,410,110$97,902,589$56,861,768$431,375,521
88$628,428,238$102,536,113$58,602,934$473,493,758
89$692,359,058$107,391,523$60,397,273$519,833,899
90$762,805,503$112,479,528$62,246,402$570,823,505
91$840,431,999$117,811,360$64,151,991$626,933,613
92$925,970,738$123,398,791$66,115,758$688,683,167
93$1,020,228,591$129,254,169$68,139,473$756,643,897
94$1,124,094,723$135,390,439$70,224,961$831,445,699
95$1,238,548,989$141,821,175$72,374,102$913,782,557
96$1,364,671,183$148,560,610$74,588,831$1,004,419,078
97$1,503,651,232$155,623,668$76,871,146$1,104,197,682
98$1,656,800,429$163,026,000$79,223,101$1,214,046,537
99$1,825,563,813$170,784,013$81,646,814$1,334,988,291
100$2,011,533,808$178,914,917$84,144,469$1,468,149,707