Can I retire at age 53 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,403,990
2 years$727,677$714,125$700,990$688,256$675,903$660,390
3 years$480,299$466,688$453,587$440,972$428,821$413,683
4 years$356,634$343,065$330,095$317,696$305,839$291,193
5 years$282,455$268,967$256,167$244,021$232,494$218,383
6 years$233,018$219,632$207,021$195,145$183,964$170,406
7 years$197,720$184,447$172,036$160,440$149,612$136,612
8 years$171,259$158,105$145,900$134,589$124,118$111,675
9 years$150,688$137,659$125,664$114,640$104,525$92,635
10 years$134,242$121,339$109,556$98,821$89,061$77,715
11 years$120,794$108,021$96,452$86,004$76,595$65,785
12 years$109,596$96,954$85,598$75,437$66,376$56,089
13 years$100,128$87,618$76,477$66,599$57,881$48,106
14 years$92,019$79,643$68,715$59,119$50,738$41,461
15 years$84,998$72,755$62,040$52,724$44,674$35,881
16 years$78,861$66,751$56,248$47,209$39,483$31,159
17 years$73,451$61,475$51,184$42,417$35,008$27,137
18 years$68,648$56,806$46,724$38,226$31,128$23,694
19 years$64,355$52,647$42,774$34,540$27,745$20,732
20 years$60,497$48,922$39,256$31,283$24,782$18,173
21 years$57,010$45,569$36,108$28,391$22,177$15,956
22 years$53,845$42,537$33,279$25,814$19,879$14,029
23 years$50,959$39,784$30,727$23,510$17,844$12,350
24 years$48,317$37,275$28,417$21,442$16,039$10,883
25 years$45,891$34,981$26,320$19,582$14,433$9,599
26 years$43,655$32,876$24,411$17,905$13,000$8,473
27 years$41,588$30,941$22,667$16,389$11,721$7,485
28 years$39,672$29,155$21,072$15,016$10,576$6,616
29 years$37,892$27,505$19,610$13,770$9,550$5,851
30 years$36,233$25,975$18,266$12,637$8,629$5,177
31 years$34,684$24,555$17,028$11,606$7,801$4,583
32 years$33,235$23,234$15,888$10,666$7,057$4,058
33 years$31,877$22,003$14,835$9,809$6,386$3,595
34 years$30,602$20,854$13,861$9,025$5,782$3,186
35 years$29,401$19,780$12,959$8,308$5,237$2,823
36 years$28,271$18,774$12,122$7,651$4,745$2,503
37 years$27,203$17,831$11,346$7,050$4,301$2,219
38 years$26,195$16,946$10,625$6,498$3,899$1,968
39 years$25,240$16,114$9,955$5,991$3,536$1,746
40 years$24,335$15,331$9,331$5,526$3,207$1,549
41 years$23,477$14,593$8,749$5,099$2,909$1,374
42 years$22,662$13,898$8,207$4,705$2,640$1,219
43 years$21,887$13,242$7,701$4,344$2,396$1,082
44 years$21,149$12,623$7,229$4,011$2,175$960
45 years$20,446$12,037$6,788$3,704$1,974$852
46 years$19,775$11,483$6,375$3,421$1,793$757
47 years$19,135$10,958$5,989$3,161$1,628$672
48 years$18,524$10,461$5,628$2,921$1,478$596
49 years$17,939$9,990$5,290$2,699$1,343$529
50 years$17,379$9,542$4,974$2,495$1,220$470

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,800,000, adding $2,462 every year, while hoping to spend $51,566 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: 65/24/11 Blend
52$17,800,000$17,800,000$17,800,000$17,800,000
53$19,618,140$18,674,740$18,398,840$20,845,490
54$21,564,324$19,534,936$18,960,335$22,524,631
55$23,707,291$20,435,554$19,538,912$24,352,295
56$26,067,058$21,378,519$20,135,089$26,347,919
57$28,665,682$22,365,851$20,749,399$28,527,872
58$31,527,469$23,399,665$21,382,391$30,910,160
59$34,679,202$24,482,180$22,034,632$33,514,590
60$38,150,393$25,615,719$22,706,705$36,362,954
61$41,973,564$26,802,720$23,399,211$39,479,229
62$46,184,552$28,045,738$24,112,768$42,889,797
63$50,822,845$29,347,447$24,848,014$46,623,693
64$55,931,959$30,710,656$25,605,607$50,712,866
65$61,559,846$32,138,306$26,386,222$55,192,484
66$67,759,347$33,633,479$27,190,557$60,101,251
67$74,588,689$35,199,409$28,019,329$65,481,771
68$82,112,038$36,839,482$28,873,279$71,380,943
69$90,400,100$38,557,251$29,753,169$77,850,396
70$99,530,793$40,356,439$30,659,782$84,946,968
71$109,589,977$42,240,948$31,593,929$92,733,236
72$120,672,271$44,214,870$32,556,441$101,278,100
73$132,881,937$46,282,494$33,548,177$110,657,422
74$146,333,875$48,448,316$34,570,020$120,954,735
75$161,154,696$50,717,049$35,622,882$132,262,023
76$177,483,926$53,093,636$36,707,700$144,680,578
77$195,475,319$55,583,256$37,825,440$158,321,949
78$215,298,306$58,191,341$38,977,097$173,308,981
79$237,139,600$60,923,583$40,163,697$189,776,965
80$261,204,954$63,785,953$41,386,294$207,874,906
81$287,721,102$66,784,708$42,645,979$227,766,913
82$316,937,905$69,926,409$43,943,869$249,633,741
83$349,130,703$73,217,935$45,281,121$273,674,479
84$384,602,918$76,666,497$46,658,922$300,108,419
85$423,688,917$80,279,656$48,078,497$329,177,112
86$466,757,167$84,065,341$49,541,107$361,146,630
87$514,213,717$88,031,861$51,048,053$396,310,066
88$566,506,025$92,187,931$52,600,672$434,990,281
89$624,127,188$96,542,687$54,200,342$477,542,937
90$687,620,591$101,105,710$55,848,484$524,359,836
91$757,585,044$105,887,042$57,546,561$575,872,599
92$834,680,426$110,897,215$59,296,078$632,556,721
93$919,633,921$116,147,270$61,098,589$694,936,041
94$1,013,246,879$121,648,784$62,955,690$763,587,662
95$1,116,402,384$127,413,897$64,869,028$839,147,381
96$1,230,073,586$133,455,337$66,840,299$922,315,664
97$1,355,332,893$139,786,450$68,871,250$1,013,864,235
98$1,493,362,090$146,421,228$70,963,680$1,114,643,335
99$1,645,463,501$153,374,346$73,119,441$1,225,589,723
100$1,813,072,278$160,661,189$75,340,442$1,347,735,491