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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,533,975
2 years$817,615$802,387$787,630$773,321$759,442$698,850
3 years$539,662$524,369$509,648$495,474$481,821$423,396
4 years$400,713$385,467$370,894$356,961$343,639$287,826
5 years$317,365$302,211$287,829$274,180$261,229$208,172
6 years$261,818$246,778$232,608$219,264$206,701$156,437
7 years$222,157$207,243$193,299$180,269$168,104$120,617
8 years$192,425$177,646$163,933$151,223$139,458$94,703
9 years$169,313$154,673$141,195$128,809$117,444$75,356
10 years$150,833$136,336$123,097$111,034$100,068$60,570
11 years$135,724$121,372$108,373$96,633$86,062$49,065
12 years$123,141$108,937$96,178$84,760$74,579$39,988
13 years$112,503$98,447$85,929$74,831$65,035$32,748
14 years$103,392$89,486$77,207$66,426$57,009$26,924
15 years$95,503$81,747$69,708$59,241$50,195$22,204
16 years$88,608$75,001$63,201$53,044$44,363$18,358
17 years$82,529$69,073$57,510$47,659$39,335$15,210
18 years$77,132$63,827$52,499$42,951$34,975$12,624
19 years$72,309$59,154$48,060$38,809$31,174$10,491
20 years$67,974$54,969$44,107$35,149$27,845$8,729
21 years$64,056$51,201$40,570$31,900$24,918$7,270
22 years$60,500$47,795$37,392$29,005$22,336$6,060
23 years$57,257$44,701$34,525$26,415$20,050$5,054
24 years$54,289$41,882$31,930$24,092$18,021$4,218
25 years$51,563$39,304$29,573$22,002$16,216$3,522
26 years$49,051$36,940$27,428$20,118$14,607$2,941
27 years$46,728$34,765$25,469$18,414$13,170$2,457
28 years$44,576$32,759$23,677$16,871$11,883$2,054
29 years$42,575$30,904$22,033$15,471$10,730$1,717
30 years$40,711$29,186$20,523$14,199$9,695$1,435
31 years$38,971$27,590$19,133$13,041$8,766$1,200
32 years$37,343$26,106$17,851$11,985$7,929$1,004
33 years$35,817$24,723$16,668$11,021$7,176$839
34 years$34,384$23,431$15,574$10,140$6,497$702
35 years$33,035$22,224$14,560$9,335$5,884$587
36 years$31,765$21,094$13,621$8,597$5,332$491
37 years$30,565$20,035$12,749$7,921$4,832$411
38 years$29,432$19,040$11,939$7,301$4,381$344
39 years$28,360$18,105$11,185$6,732$3,973$288
40 years$27,343$17,226$10,484$6,209$3,603$241
41 years$26,379$16,397$9,831$5,729$3,269$201
42 years$25,463$15,616$9,221$5,287$2,966$169
43 years$24,592$14,879$8,653$4,880$2,692$141
44 years$23,763$14,183$8,122$4,506$2,444$118
45 years$22,973$13,525$7,627$4,162$2,218$99
46 years$22,219$12,902$7,163$3,844$2,014$83
47 years$21,500$12,312$6,730$3,552$1,829$69
48 years$20,813$11,754$6,324$3,282$1,661$58
49 years$20,156$11,224$5,944$3,033$1,509$48
50 years$19,527$10,722$5,588$2,803$1,370$41

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 $5,745 every year, while hoping to spend $54,342 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: 44/38/18 Blend
52$20,000,000$20,000,000$20,000,000$20,000,000
53$22,045,926$20,985,926$20,675,926$22,900,969
54$24,236,791$21,956,417$21,310,750$24,472,661
55$26,649,303$22,972,641$21,965,019$26,169,367
56$29,306,012$24,036,780$22,639,328$28,007,312
57$32,231,768$25,151,125$23,334,288$29,999,571
58$35,453,952$26,318,074$24,050,531$32,160,495
59$39,002,737$27,540,142$24,788,705$34,505,836
60$42,911,372$28,819,964$25,549,482$37,052,892
61$47,216,493$30,160,303$26,333,551$39,820,659
62$51,958,473$31,564,057$27,141,623$42,829,997
63$57,181,802$33,034,259$27,974,432$46,103,827
64$62,935,502$34,574,095$28,832,732$49,667,327
65$69,273,596$36,186,898$29,717,301$53,548,167
66$76,255,614$37,876,167$30,628,942$57,776,755
67$83,947,155$39,645,568$31,568,480$62,386,514
68$92,420,508$41,498,943$32,536,766$67,414,185
69$101,755,331$43,440,323$33,534,679$72,900,164
70$112,039,405$45,473,930$34,563,122$78,888,865
71$123,369,464$47,604,192$35,623,026$85,429,131
72$135,852,103$49,835,751$36,715,351$92,574,677
73$149,604,789$52,173,473$37,841,086$100,384,584
74$164,756,965$54,622,461$39,001,250$108,923,840
75$181,451,276$57,188,063$40,196,893$118,263,939
76$199,844,914$59,875,885$41,429,097$128,483,536
77$220,111,099$62,691,808$42,698,976$139,669,173
78$242,440,718$65,641,994$44,007,679$151,916,078
79$267,044,125$68,732,905$45,356,389$165,329,044
80$294,153,125$71,971,316$46,746,327$180,023,396
81$324,023,163$75,364,330$48,178,748$196,126,061
82$356,935,737$78,919,394$49,654,948$213,776,739
83$393,201,053$82,644,315$51,176,260$233,129,206
84$433,160,955$86,547,281$52,744,059$254,352,732
85$477,192,149$90,636,874$54,359,761$277,633,661
86$525,709,760$94,922,093$56,024,826$303,177,138
87$579,171,255$99,412,375$57,740,756$331,209,019
88$638,080,754$104,117,612$59,509,102$361,977,976
89$702,993,793$109,048,177$61,331,460$395,757,810
90$774,522,570$114,214,948$63,209,474$432,850,003
91$853,341,719$119,629,328$65,144,838$473,586,535
92$940,194,684$125,303,274$67,139,300$518,332,977
93$1,035,900,733$131,249,325$69,194,657$567,491,911
94$1,141,362,693$137,480,628$71,312,764$621,506,684
95$1,257,575,477$144,010,968$73,495,531$680,865,561
96$1,385,635,468$150,854,798$75,744,924$746,106,283
97$1,526,750,879$158,027,276$78,062,971$817,821,109
98$1,682,253,150$165,544,294$80,451,762$896,662,351
99$1,853,609,523$173,422,517$82,913,449$983,348,490
100$2,042,436,894$181,679,419$85,450,248$1,078,670,903