Can I retire at age 53 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,540,711
2 years$809,438$794,363$779,753$765,588$751,848$713,623
3 years$534,265$519,125$504,552$490,519$477,003$439,916
4 years$396,706$381,612$367,185$353,392$340,203$304,540
5 years$314,192$299,188$284,950$271,439$258,617$224,477
6 years$259,200$244,310$230,282$217,072$204,634$172,053
7 years$219,936$205,171$191,366$178,467$166,423$135,403
8 years$190,501$175,869$162,293$149,711$138,064$108,593
9 years$167,619$153,126$139,783$127,521$116,270$88,325
10 years$149,325$134,973$121,866$109,924$99,067$72,616
11 years$134,366$120,159$107,289$95,667$85,201$60,206
12 years$121,910$107,848$95,216$83,913$73,834$50,252
13 years$111,378$97,463$85,069$74,082$64,384$42,171
14 years$102,358$88,591$76,435$65,762$56,439$35,546
15 years$94,548$80,930$69,011$58,648$49,693$30,071
16 years$87,721$74,251$62,569$52,513$43,919$25,516
17 years$81,704$68,383$56,935$47,183$38,942$21,705
18 years$76,361$63,189$51,974$42,521$34,625$18,503
19 years$71,586$58,563$47,580$38,421$30,862$15,801
20 years$67,294$54,419$43,666$34,798$27,567$13,514
21 years$63,416$50,689$40,165$31,581$24,669$11,572
22 years$59,895$47,317$37,018$28,715$22,112$9,920
23 years$56,685$44,254$34,179$26,151$19,849$8,512
24 years$53,746$41,463$31,610$23,851$17,841$7,309
25 years$51,047$38,911$29,277$21,782$16,054$6,281
26 years$48,560$36,570$27,153$19,917$14,461$5,400
27 years$46,261$34,417$25,214$18,230$13,038$4,645
28 years$44,130$32,431$23,440$16,703$11,764$3,998
29 years$42,149$30,595$21,813$15,317$10,623$3,442
30 years$40,304$28,894$20,318$14,057$9,598$2,964
31 years$38,582$27,314$18,942$12,910$8,678$2,553
32 years$36,970$25,845$17,673$11,865$7,850$2,200
33 years$35,459$24,475$16,501$10,911$7,104$1,895
34 years$34,040$23,197$15,418$10,039$6,432$1,634
35 years$32,705$22,002$14,415$9,241$5,826$1,408
36 years$31,447$20,883$13,485$8,511$5,278$1,214
37 years$30,260$19,834$12,621$7,842$4,784$1,047
38 years$29,138$18,850$11,819$7,228$4,337$903
39 years$28,076$17,924$11,073$6,664$3,933$778
40 years$27,070$17,053$10,379$6,147$3,567$671
41 years$26,115$16,233$9,732$5,671$3,236$579
42 years$25,208$15,460$9,129$5,234$2,937$499
43 years$24,346$14,730$8,567$4,832$2,665$431
44 years$23,525$14,041$8,041$4,461$2,419$372
45 years$22,743$13,389$7,550$4,120$2,196$321
46 years$21,997$12,773$7,092$3,806$1,994$277
47 years$21,285$12,189$6,662$3,516$1,811$239
48 years$20,605$11,636$6,261$3,249$1,644$206
49 years$19,954$11,112$5,885$3,003$1,493$178
50 years$19,332$10,615$5,533$2,775$1,357$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $19,800,000, adding $5,170 every year, while hoping to spend $20,177 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: 55/20/25 Blend
52$19,800,000$19,800,000$19,800,000$19,800,000
53$21,824,933$20,775,533$20,468,633$22,874,986
54$24,029,608$21,772,066$21,132,864$24,593,923
55$26,458,483$22,816,753$21,818,670$26,462,485
56$29,134,407$23,911,932$22,526,754$28,497,134
57$32,082,555$25,060,055$23,257,839$30,713,830
58$35,330,672$26,263,694$24,012,673$33,130,122
59$38,909,331$27,525,545$24,792,028$35,765,307
60$42,852,224$28,848,438$25,596,702$38,640,604
61$47,196,477$30,235,338$26,427,518$41,779,350
62$51,983,004$31,689,356$27,285,326$45,207,215
63$57,256,890$33,213,754$28,171,004$48,952,438
64$63,067,819$34,811,954$29,085,458$53,046,082
65$69,470,540$36,487,543$30,029,625$57,522,328
66$76,525,387$38,244,285$31,004,469$62,418,781
67$84,298,847$40,086,126$32,010,990$67,776,827
68$92,864,189$42,017,205$33,050,218$73,642,006
69$102,302,151$44,041,864$34,123,215$80,064,442
70$112,701,709$46,164,653$35,231,081$87,099,300
71$124,160,911$48,390,349$36,374,950$94,807,303
72$136,787,806$50,723,958$37,555,993$103,255,292
73$150,701,462$53,170,732$38,775,418$112,516,849
74$166,033,092$55,736,179$40,034,476$122,672,980
75$182,927,291$58,426,075$41,334,454$133,812,870
76$201,543,402$61,246,479$42,676,685$146,034,710
77$222,057,017$64,203,745$44,062,543$159,446,617
78$244,661,641$67,304,537$45,493,446$174,167,639
79$269,570,514$70,555,844$46,970,862$190,328,863
80$297,018,623$73,964,997$48,496,302$208,074,647
81$327,264,924$77,539,684$50,071,330$227,563,960
82$360,594,786$81,287,968$51,697,560$248,971,873
83$397,322,683$85,218,307$53,376,656$272,491,192
84$437,795,162$89,339,570$55,110,340$298,334,267
85$482,394,120$93,661,060$56,900,387$326,734,974
86$531,540,402$98,192,534$58,748,633$357,950,911
87$585,697,781$102,944,226$60,656,970$392,265,806
88$645,377,331$107,926,869$62,627,354$429,992,177
89$711,142,254$113,151,721$64,661,806$471,474,266
90$783,613,196$118,630,588$66,762,409$517,091,263
91$863,474,110$124,375,854$68,931,317$567,260,864
92$951,478,706$130,400,508$71,170,753$622,443,195
93$1,048,457,573$136,718,172$73,483,012$683,145,126
94$1,155,326,018$143,343,135$75,870,466$749,925,034
95$1,273,092,706$150,290,383$78,335,561$823,398,049
96$1,402,869,185$157,575,635$80,880,825$904,241,830
97$1,545,880,377$165,215,375$83,508,867$993,202,937
98$1,703,476,144$173,226,897$86,222,383$1,091,103,843
99$1,877,144,032$181,628,337$89,024,155$1,198,850,677
100$2,068,523,315$190,438,717$91,917,055$1,317,441,734