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%17.1%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,533,255
2 years$809,438$794,363$779,753$765,588$751,848$706,244
3 years$534,265$519,125$504,552$490,519$477,003$432,849
4 years$396,706$381,612$367,185$353,392$340,203$297,837
5 years$314,192$299,188$284,950$271,439$258,617$218,155
6 years$259,200$244,310$230,282$217,072$204,634$166,115
7 years$219,936$205,171$191,366$178,467$166,423$129,844
8 years$190,501$175,869$162,293$149,711$138,064$103,405
9 years$167,619$153,126$139,783$127,521$116,270$83,496
10 years$149,325$134,973$121,866$109,924$99,067$68,135
11 years$134,366$120,159$107,289$95,667$85,201$56,058
12 years$121,910$107,848$95,216$83,913$73,834$46,422
13 years$111,378$97,463$85,069$74,082$64,384$38,644
14 years$102,358$88,591$76,435$65,762$56,439$32,306
15 years$94,548$80,930$69,011$58,648$49,693$27,100
16 years$87,721$74,251$62,569$52,513$43,919$22,799
17 years$81,704$68,383$56,935$47,183$38,942$19,225
18 years$76,361$63,189$51,974$42,521$34,625$16,244
19 years$71,586$58,563$47,580$38,421$30,862$13,748
20 years$67,294$54,419$43,666$34,798$27,567$11,651
21 years$63,416$50,689$40,165$31,581$24,669$9,885
22 years$59,895$47,317$37,018$28,715$22,112$8,396
23 years$56,685$44,254$34,179$26,151$19,849$7,136
24 years$53,746$41,463$31,610$23,851$17,841$6,070
25 years$51,047$38,911$29,277$21,782$16,054$5,166
26 years$48,560$36,570$27,153$19,917$14,461$4,399
27 years$46,261$34,417$25,214$18,230$13,038$3,747
28 years$44,130$32,431$23,440$16,703$11,764$3,194
29 years$42,149$30,595$21,813$15,317$10,623$2,722
30 years$40,304$28,894$20,318$14,057$9,598$2,321
31 years$38,582$27,314$18,942$12,910$8,678$1,980
32 years$36,970$25,845$17,673$11,865$7,850$1,689
33 years$35,459$24,475$16,501$10,911$7,104$1,441
34 years$34,040$23,197$15,418$10,039$6,432$1,229
35 years$32,705$22,002$14,415$9,241$5,826$1,049
36 years$31,447$20,883$13,485$8,511$5,278$895
37 years$30,260$19,834$12,621$7,842$4,784$764
38 years$29,138$18,850$11,819$7,228$4,337$652
39 years$28,076$17,924$11,073$6,664$3,933$557
40 years$27,070$17,053$10,379$6,147$3,567$475
41 years$26,115$16,233$9,732$5,671$3,236$406
42 years$25,208$15,460$9,129$5,234$2,937$347
43 years$24,346$14,730$8,567$4,832$2,665$296
44 years$23,525$14,041$8,041$4,461$2,419$253
45 years$22,743$13,389$7,550$4,120$2,196$216
46 years$21,997$12,773$7,092$3,806$1,994$184
47 years$21,285$12,189$6,662$3,516$1,811$157
48 years$20,605$11,636$6,261$3,249$1,644$134
49 years$19,954$11,112$5,885$3,003$1,493$115
50 years$19,332$10,615$5,533$2,775$1,357$98

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 $6,654 every year, while hoping to spend $59,795 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: 34/49/17 Blend
52$19,800,000$19,800,000$19,800,000$19,800,000
53$21,826,464$20,777,064$20,470,164$22,453,621
54$23,989,141$21,731,518$21,092,293$23,868,376
55$26,370,408$22,730,737$21,733,259$25,386,941
56$28,992,497$23,776,851$22,393,630$27,023,255
57$31,879,907$24,872,091$23,073,992$28,787,748
58$35,059,633$26,018,799$23,774,946$30,691,843
59$38,561,422$27,219,427$24,497,114$32,748,055
60$42,418,054$28,476,546$25,241,134$34,970,101
61$46,665,648$29,792,849$26,007,664$37,373,013
62$51,344,007$31,171,161$26,797,383$39,973,277
63$56,496,989$32,614,442$27,610,990$42,788,969
64$62,172,927$34,125,794$28,449,203$45,839,920
65$68,425,078$35,708,470$29,312,763$49,147,887
66$75,312,129$37,365,878$30,202,434$52,736,743
67$82,898,751$39,101,592$31,119,001$56,632,697
68$91,256,210$40,919,356$32,063,273$60,864,515
69$100,463,036$42,823,097$33,036,085$65,463,788
70$110,605,767$44,816,930$34,038,296$70,465,205
71$121,779,765$46,905,169$35,070,788$75,906,870
72$134,090,115$49,092,337$36,134,474$81,830,641
73$147,652,618$51,383,173$37,230,290$88,282,508
74$162,594,885$53,782,648$38,359,204$95,313,007
75$179,057,535$56,295,970$39,522,210$102,977,680
76$197,195,533$58,928,601$40,720,333$111,337,576
77$217,179,641$61,686,266$41,954,628$120,459,804
78$239,198,038$64,574,968$43,226,182$130,418,147
79$263,458,094$67,600,996$44,536,114$141,293,734
80$290,188,323$70,770,949$45,885,578$153,175,777
81$319,640,547$74,091,740$47,275,760$166,162,394
82$352,092,268$77,570,621$48,707,883$180,361,499
83$387,849,289$81,215,191$50,183,206$195,891,799
84$427,248,599$85,033,418$51,703,027$212,883,882
85$470,661,557$89,033,657$53,268,679$231,481,416
86$518,497,396$93,224,666$54,881,540$251,842,478
87$571,207,084$97,615,628$56,543,025$274,141,005
88$629,287,583$102,216,170$58,254,592$298,568,404
89$693,286,540$107,036,386$60,017,745$325,335,320
90$763,807,457$112,086,858$61,834,029$354,673,584
91$841,515,386$117,378,683$63,705,038$386,838,363
92$927,143,211$122,923,494$65,632,412$422,110,521
93$1,021,498,561$128,733,488$67,617,841$460,799,228
94$1,125,471,440$134,821,455$69,663,064$503,244,830
95$1,240,042,623$141,200,802$71,769,873$549,822,011
96$1,366,292,919$147,885,590$73,940,112$600,943,281
97$1,505,413,373$154,890,560$76,175,682$657,062,810
98$1,658,716,508$162,231,169$78,478,539$718,680,665
99$1,827,648,719$169,923,623$80,850,697$786,347,465
100$2,013,803,924$177,984,916$83,294,230$860,669,520