Can I retire at age 53 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,552,495
2 years$817,615$802,387$787,630$773,321$759,442$717,088
3 years$539,662$524,369$509,648$495,474$481,821$440,771
4 years$400,713$385,467$370,894$356,961$343,639$304,209
5 years$317,365$302,211$287,829$274,180$261,229$223,527
6 years$261,818$246,778$232,608$219,264$206,701$170,764
7 years$222,157$207,243$193,299$180,269$168,104$133,933
8 years$192,425$177,646$163,933$151,223$139,458$107,038
9 years$169,313$154,673$141,195$128,809$117,444$86,745
10 years$150,833$136,336$123,097$111,034$100,068$71,051
11 years$135,724$121,372$108,373$96,633$86,062$58,683
12 years$123,141$108,937$96,178$84,760$74,579$48,789
13 years$112,503$98,447$85,929$74,831$65,035$40,779
14 years$103,392$89,486$77,207$66,426$57,009$34,231
15 years$95,503$81,747$69,708$59,241$50,195$28,837
16 years$88,608$75,001$63,201$53,044$44,363$24,365
17 years$82,529$69,073$57,510$47,659$39,335$20,636
18 years$77,132$63,827$52,499$42,951$34,975$17,513
19 years$72,309$59,154$48,060$38,809$31,174$14,889
20 years$67,974$54,969$44,107$35,149$27,845$12,676
21 years$64,056$51,201$40,570$31,900$24,918$10,805
22 years$60,500$47,795$37,392$29,005$22,336$9,219
23 years$57,257$44,701$34,525$26,415$20,050$7,873
24 years$54,289$41,882$31,930$24,092$18,021$6,729
25 years$51,563$39,304$29,573$22,002$16,216$5,755
26 years$49,051$36,940$27,428$20,118$14,607$4,924
27 years$46,728$34,765$25,469$18,414$13,170$4,215
28 years$44,576$32,759$23,677$16,871$11,883$3,610
29 years$42,575$30,904$22,033$15,471$10,730$3,092
30 years$40,711$29,186$20,523$14,199$9,695$2,650
31 years$38,971$27,590$19,133$13,041$8,766$2,271
32 years$37,343$26,106$17,851$11,985$7,929$1,947
33 years$35,817$24,723$16,668$11,021$7,176$1,669
34 years$34,384$23,431$15,574$10,140$6,497$1,432
35 years$33,035$22,224$14,560$9,335$5,884$1,228
36 years$31,765$21,094$13,621$8,597$5,332$1,053
37 years$30,565$20,035$12,749$7,921$4,832$904
38 years$29,432$19,040$11,939$7,301$4,381$775
39 years$28,360$18,105$11,185$6,732$3,973$665
40 years$27,343$17,226$10,484$6,209$3,603$571
41 years$26,379$16,397$9,831$5,729$3,269$490
42 years$25,463$15,616$9,221$5,287$2,966$420
43 years$24,592$14,879$8,653$4,880$2,692$361
44 years$23,763$14,183$8,122$4,506$2,444$310
45 years$22,973$13,525$7,627$4,162$2,218$266
46 years$22,219$12,902$7,163$3,844$2,014$228
47 years$21,500$12,312$6,730$3,552$1,829$196
48 years$20,813$11,754$6,324$3,282$1,661$168
49 years$20,156$11,224$5,944$3,033$1,509$144
50 years$19,527$10,722$5,588$2,803$1,370$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $20,000,000, adding $3,273 every year, while hoping to spend $32,090 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: 74/17/9 Blend
52$20,000,000$20,000,000$20,000,000$20,000,000
53$22,043,376$20,983,376$20,673,376$23,640,539
54$24,257,657$21,977,418$21,331,791$25,688,008
55$26,696,719$23,019,092$22,011,187$27,926,064
56$29,383,456$24,110,700$22,712,233$30,377,014
57$32,343,096$25,254,651$23,435,620$33,061,927
58$35,603,438$26,453,476$24,182,060$36,003,990
59$39,195,118$27,709,825$24,952,288$39,228,727
60$43,151,893$29,026,480$25,747,063$42,764,232
61$47,510,964$30,406,356$26,567,168$46,641,435
62$52,313,324$31,852,508$27,413,409$50,894,385
63$57,604,147$33,368,145$28,286,622$55,560,570
64$63,433,211$34,956,625$29,187,665$60,681,263
65$69,855,373$36,621,474$30,117,427$66,301,909
66$76,931,083$38,366,388$31,076,822$72,472,549
67$84,726,955$40,195,243$32,066,797$79,248,285
68$93,316,396$42,112,102$33,088,327$86,689,793
69$102,780,300$44,121,226$34,142,417$94,863,895
70$113,207,810$46,227,085$35,230,107$103,844,179
71$124,697,159$48,434,365$36,352,468$113,711,687
72$137,356,599$50,747,979$37,510,606$124,555,677
73$151,305,423$53,173,081$38,705,662$136,474,453
74$166,675,088$55,715,074$39,938,814$149,576,291
75$183,610,459$58,379,624$41,211,276$163,980,448
76$202,271,175$61,172,675$42,524,303$179,818,284
77$222,833,156$64,100,457$43,879,188$197,234,489
78$245,490,264$67,169,506$45,277,267$216,388,444
79$270,456,134$70,386,674$46,719,918$237,455,714
80$297,966,186$73,759,148$48,208,562$260,629,694
81$328,279,855$77,294,464$49,744,667$286,123,427
82$361,683,034$81,000,526$51,329,747$314,171,605
83$398,490,774$84,885,622$52,965,364$345,032,770
84$439,050,259$88,958,444$54,653,130$378,991,742
85$483,744,085$93,228,108$56,394,709$416,362,302
86$532,993,868$97,704,171$58,191,818$457,490,134
87$587,264,227$102,396,660$60,046,229$502,756,078
88$647,067,170$107,316,089$61,959,770$552,579,712
89$712,966,926$112,473,482$63,934,327$607,423,294
90$785,585,273$117,880,402$65,971,847$667,796,116
91$865,607,406$123,548,977$68,074,339$734,259,291
92$953,788,409$129,491,924$70,243,876$807,431,034
93$1,050,960,378$135,722,581$72,482,598$887,992,483
94$1,158,040,284$142,254,934$74,792,712$976,694,107
95$1,276,038,621$149,103,654$77,176,496$1,074,362,774
96$1,406,068,953$156,284,125$79,636,301$1,181,909,534
97$1,549,358,422$163,812,483$82,174,553$1,300,338,201
98$1,707,259,335$171,705,649$84,793,755$1,430,754,806
99$1,881,261,932$179,981,371$87,496,490$1,574,378,013
100$2,073,008,451$188,658,260$90,285,425$1,732,550,604