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%13.8%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,554,003
2 years$809,438$794,363$779,753$765,588$751,848$726,849
3 years$534,265$519,125$504,552$490,519$477,003$452,660
4 years$396,706$381,612$367,185$353,392$340,203$316,704
5 years$314,192$299,188$284,950$271,439$258,617$236,029
6 years$259,200$244,310$230,282$217,072$204,634$182,985
7 years$219,936$205,171$191,366$178,467$166,423$145,717
8 years$190,501$175,869$162,293$149,711$138,064$118,299
9 years$167,619$153,126$139,783$127,521$116,270$97,436
10 years$149,325$134,973$121,866$109,924$99,067$81,149
11 years$134,366$120,159$107,289$95,667$85,201$68,180
12 years$121,910$107,848$95,216$83,913$73,834$57,688
13 years$111,378$97,463$85,069$74,082$64,384$49,091
14 years$102,358$88,591$76,435$65,762$56,439$41,973
15 years$94,548$80,930$69,011$58,648$49,693$36,028
16 years$87,721$74,251$62,569$52,513$43,919$31,027
17 years$81,704$68,383$56,935$47,183$38,942$26,794
18 years$76,361$63,189$51,974$42,521$34,625$23,194
19 years$71,586$58,563$47,580$38,421$30,862$20,117
20 years$67,294$54,419$43,666$34,798$27,567$17,479
21 years$63,416$50,689$40,165$31,581$24,669$15,209
22 years$59,895$47,317$37,018$28,715$22,112$13,251
23 years$56,685$44,254$34,179$26,151$19,849$11,557
24 years$53,746$41,463$31,610$23,851$17,841$10,090
25 years$51,047$38,911$29,277$21,782$16,054$8,816
26 years$48,560$36,570$27,153$19,917$14,461$7,708
27 years$46,261$34,417$25,214$18,230$13,038$6,744
28 years$44,130$32,431$23,440$16,703$11,764$5,904
29 years$42,149$30,595$21,813$15,317$10,623$5,171
30 years$40,304$28,894$20,318$14,057$9,598$4,530
31 years$38,582$27,314$18,942$12,910$8,678$3,971
32 years$36,970$25,845$17,673$11,865$7,850$3,482
33 years$35,459$24,475$16,501$10,911$7,104$3,053
34 years$34,040$23,197$15,418$10,039$6,432$2,678
35 years$32,705$22,002$14,415$9,241$5,826$2,350
36 years$31,447$20,883$13,485$8,511$5,278$2,062
37 years$30,260$19,834$12,621$7,842$4,784$1,810
38 years$29,138$18,850$11,819$7,228$4,337$1,589
39 years$28,076$17,924$11,073$6,664$3,933$1,395
40 years$27,070$17,053$10,379$6,147$3,567$1,225
41 years$26,115$16,233$9,732$5,671$3,236$1,076
42 years$25,208$15,460$9,129$5,234$2,937$945
43 years$24,346$14,730$8,567$4,832$2,665$830
44 years$23,525$14,041$8,041$4,461$2,419$729
45 years$22,743$13,389$7,550$4,120$2,196$640
46 years$21,997$12,773$7,092$3,806$1,994$562
47 years$21,285$12,189$6,662$3,516$1,811$494
48 years$20,605$11,636$6,261$3,249$1,644$434
49 years$19,954$11,112$5,885$3,003$1,493$381
50 years$19,332$10,615$5,533$2,775$1,357$335

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 $2,884 every year, while hoping to spend $44,806 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: 69/11/20 Blend
52$19,800,000$19,800,000$19,800,000$19,800,000
53$21,822,575$20,773,175$20,466,275$23,220,600
54$24,000,804$21,743,387$21,104,222$25,124,875
55$26,399,711$22,759,638$21,762,038$27,202,316
56$29,041,758$23,824,137$22,440,343$29,474,441
57$31,951,695$24,939,197$23,139,772$31,960,470
58$35,156,799$26,107,248$23,860,985$34,681,558
59$38,687,122$27,330,833$24,604,658$37,660,993
60$42,575,785$28,612,621$25,371,490$40,924,408
61$46,859,283$29,955,407$26,162,203$44,500,028
62$51,577,831$31,362,123$26,977,538$48,418,923
63$56,775,747$32,835,845$27,818,263$52,715,303
64$62,501,865$34,379,793$28,685,167$57,426,838
65$68,810,000$35,997,347$29,579,064$62,595,004
66$75,759,452$37,692,049$30,500,795$68,265,476
67$83,415,569$39,467,613$31,451,225$74,488,550
68$91,850,363$41,327,932$32,431,247$81,319,617
69$101,143,187$43,277,088$33,441,781$88,819,677
70$111,381,489$45,319,361$34,483,777$97,055,912
71$122,661,630$47,459,240$35,558,213$106,102,316
72$135,089,802$49,701,428$36,666,099$116,040,385
73$148,783,023$52,050,859$37,808,474$126,959,883
74$163,870,245$54,512,705$38,986,412$138,959,680
75$180,493,572$57,092,389$40,201,018$152,148,684
76$198,809,598$59,795,598$41,453,434$166,646,859
77$218,990,887$62,628,292$42,744,834$182,586,350
78$241,227,603$65,596,724$44,076,432$200,112,725
79$265,729,303$68,707,448$45,449,476$219,386,344
80$292,726,916$71,967,337$46,865,258$240,583,858
81$322,474,921$75,383,596$48,325,104$263,899,876
82$355,253,754$78,963,784$49,830,386$289,548,791
83$391,372,449$82,715,821$51,382,516$317,766,792
84$431,171,560$86,648,017$52,982,951$348,814,090
85$475,026,372$90,769,083$54,633,193$382,977,361
86$523,350,448$95,088,154$56,334,791$420,572,444
87$576,599,527$99,614,807$58,089,340$461,947,309
88$635,275,834$104,359,088$59,898,488$507,485,337
89$699,932,814$109,331,528$61,763,932$557,608,924
90$771,180,359$114,543,171$63,687,422$612,783,456
91$849,690,567$120,005,598$65,670,762$673,521,692
92$936,204,086$125,730,953$67,715,813$740,388,592
93$1,031,537,104$131,731,970$69,824,494$814,006,636
94$1,136,589,055$138,022,004$71,998,782$895,061,687
95$1,252,351,114$144,615,057$74,240,716$984,309,449
96$1,379,915,546$151,525,814$76,552,399$1,082,582,591
97$1,520,486,027$158,769,673$78,935,999$1,190,798,588
98$1,675,388,997$166,362,783$81,393,751$1,309,968,365
99$1,846,086,193$174,322,078$83,927,959$1,441,205,827
100$2,034,188,440$182,665,314$86,541,001$1,585,738,355