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%17.2%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,548,119
2 years$817,615$802,387$787,630$773,321$759,442$712,762
3 years$539,662$524,369$509,648$495,474$481,821$436,633
4 years$400,713$385,467$370,894$356,961$343,639$300,289
5 years$317,365$302,211$287,829$274,180$261,229$219,836
6 years$261,818$246,778$232,608$219,264$206,701$167,303
7 years$222,157$207,243$193,299$180,269$168,104$130,698
8 years$192,425$177,646$163,933$151,223$139,458$104,024
9 years$169,313$154,673$141,195$128,809$117,444$83,945
10 years$150,833$136,336$123,097$111,034$100,068$68,458
11 years$135,724$121,372$108,373$96,633$86,062$56,288
12 years$123,141$108,937$96,178$84,760$74,579$46,582
13 years$112,503$98,447$85,929$74,831$65,035$38,751
14 years$103,392$89,486$77,207$66,426$57,009$32,372
15 years$95,503$81,747$69,708$59,241$50,195$27,137
16 years$88,608$75,001$63,201$53,044$44,363$22,813
17 years$82,529$69,073$57,510$47,659$39,335$19,224
18 years$77,132$63,827$52,499$42,951$34,975$16,231
19 years$72,309$59,154$48,060$38,809$31,174$13,726
20 years$67,974$54,969$44,107$35,149$27,845$11,623
21 years$64,056$51,201$40,570$31,900$24,918$9,855
22 years$60,500$47,795$37,392$29,005$22,336$8,363
23 years$57,257$44,701$34,525$26,415$20,050$7,103
24 years$54,289$41,882$31,930$24,092$18,021$6,037
25 years$51,563$39,304$29,573$22,002$16,216$5,134
26 years$49,051$36,940$27,428$20,118$14,607$4,368
27 years$46,728$34,765$25,469$18,414$13,170$3,718
28 years$44,576$32,759$23,677$16,871$11,883$3,166
29 years$42,575$30,904$22,033$15,471$10,730$2,697
30 years$40,711$29,186$20,523$14,199$9,695$2,297
31 years$38,971$27,590$19,133$13,041$8,766$1,958
32 years$37,343$26,106$17,851$11,985$7,929$1,669
33 years$35,817$24,723$16,668$11,021$7,176$1,422
34 years$34,384$23,431$15,574$10,140$6,497$1,213
35 years$33,035$22,224$14,560$9,335$5,884$1,034
36 years$31,765$21,094$13,621$8,597$5,332$882
37 years$30,565$20,035$12,749$7,921$4,832$752
38 years$29,432$19,040$11,939$7,301$4,381$641
39 years$28,360$18,105$11,185$6,732$3,973$547
40 years$27,343$17,226$10,484$6,209$3,603$467
41 years$26,379$16,397$9,831$5,729$3,269$398
42 years$25,463$15,616$9,221$5,287$2,966$340
43 years$24,592$14,879$8,653$4,880$2,692$290
44 years$23,763$14,183$8,122$4,506$2,444$247
45 years$22,973$13,525$7,627$4,162$2,218$211
46 years$22,219$12,902$7,163$3,844$2,014$180
47 years$21,500$12,312$6,730$3,552$1,829$153
48 years$20,813$11,754$6,324$3,282$1,661$131
49 years$20,156$11,224$5,944$3,033$1,509$112
50 years$19,527$10,722$5,588$2,803$1,370$95

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 $4,490 every year, while hoping to spend $54,599 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: 59/28/13 Blend
52$20,000,000$20,000,000$20,000,000$20,000,000
53$22,044,631$20,984,631$20,674,631$23,273,962
54$24,235,091$21,954,785$21,309,139$25,073,266
55$26,647,147$22,970,647$21,963,072$27,027,919
56$29,303,346$24,034,398$22,637,024$29,158,067
57$32,228,530$25,148,326$23,331,607$31,480,619
58$35,450,074$26,314,829$24,047,450$34,014,162
59$38,998,144$27,536,418$24,785,203$36,779,135
60$42,905,981$28,815,728$25,545,533$39,798,012
61$47,210,212$30,155,520$26,329,129$43,095,514
62$51,951,202$31,558,689$27,136,703$46,698,828
63$57,173,427$33,028,267$27,968,985$50,637,864
64$62,925,900$34,567,436$28,826,730$54,945,523
65$69,262,630$36,179,528$29,710,714$59,658,005
66$76,243,133$37,868,039$30,621,737$64,815,140
67$83,932,991$39,636,633$31,560,624$70,460,755
68$92,404,477$41,489,148$32,528,226$76,643,083
69$101,737,230$43,429,612$33,525,417$83,415,204
70$112,019,009$45,462,245$34,553,100$90,835,539
71$123,346,524$47,591,471$35,612,206$98,968,390
72$135,826,345$49,821,929$36,703,690$107,884,539
73$149,575,910$52,158,482$37,828,542$117,661,903
74$164,724,632$54,606,226$38,987,777$128,386,258
75$181,415,121$57,170,508$40,182,444$140,152,037
76$199,804,530$59,856,929$41,413,622$153,063,208
77$220,066,039$62,671,365$42,682,425$167,234,245
78$242,390,486$65,619,974$43,989,998$182,791,191
79$266,988,175$68,709,212$45,337,523$199,872,836
80$294,090,856$71,945,850$46,726,216$218,632,010
81$323,953,911$75,336,984$48,157,332$239,237,014
82$356,858,769$78,890,056$49,632,162$261,873,185
83$393,115,563$82,612,868$51,152,039$286,744,635
84$433,066,051$86,513,600$52,718,333$314,076,158
85$477,086,850$90,600,827$54,332,458$344,115,330
86$525,592,983$94,883,542$55,995,870$377,134,830
87$579,041,805$99,371,174$57,710,070$413,434,990
88$637,937,315$104,073,607$59,476,603$453,346,612
89$702,834,914$109,001,207$61,297,062$497,234,066
90$774,346,650$114,164,841$63,173,089$545,498,707
91$853,146,994$119,575,904$65,106,373$598,582,636
92$939,979,209$125,246,344$67,098,657$656,972,851
93$1,035,662,362$131,188,689$69,151,737$721,205,816
94$1,141,099,064$137,416,075$71,267,460$791,872,497
95$1,257,283,982$143,942,277$73,447,734$869,623,908
96$1,385,313,235$150,781,735$75,694,520$955,177,232
97$1,526,394,740$157,949,595$78,009,841$1,049,322,550
98$1,681,859,614$165,461,736$80,395,782$1,152,930,275
99$1,853,174,743$173,334,810$82,854,489$1,266,959,325
100$2,041,956,627$181,586,275$85,388,174$1,392,466,142