Can I retire at age 53 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,421,683
2 years$748,117$734,184$720,681$707,589$694,889$657,274
3 years$493,791$479,798$466,328$453,359$440,866$404,396
4 years$366,652$352,702$339,368$326,620$314,430$279,386
5 years$290,389$276,523$263,363$250,875$239,024$205,503
6 years$239,564$225,802$212,837$200,627$189,132$157,167
7 years$203,274$189,628$176,868$164,946$153,815$123,408
8 years$176,069$162,546$149,998$138,369$127,604$98,742
9 years$154,921$141,526$129,193$117,860$107,461$80,118
10 years$138,012$124,748$112,634$101,597$91,562$65,706
11 years$124,187$111,056$99,161$88,419$78,747$54,337
12 years$112,674$99,678$88,003$77,556$68,240$45,235
13 years$102,940$90,079$78,625$68,470$59,507$37,859
14 years$94,604$81,880$70,645$60,780$52,163$31,825
15 years$87,386$74,799$63,783$54,205$45,929$26,847
16 years$81,076$68,626$57,828$48,535$40,592$22,716
17 years$75,514$63,202$52,621$43,608$35,992$19,267
18 years$70,576$58,402$48,037$39,300$32,002$16,376
19 years$66,163$54,126$43,975$35,511$28,524$13,943
20 years$62,196$50,297$40,358$32,162$25,478$11,888
21 years$58,611$46,849$37,122$29,189$22,800$10,149
22 years$55,357$43,732$34,214$26,539$20,437$8,674
23 years$52,390$40,902$31,590$24,170$18,346$7,419
24 years$49,675$38,322$29,216$22,044$16,489$6,351
25 years$47,180$35,964$27,059$20,132$14,838$5,440
26 years$44,881$33,800$25,096$18,408$13,365$4,662
27 years$42,756$31,810$23,304$16,849$12,050$3,997
28 years$40,787$29,974$21,664$15,437$10,873$3,429
29 years$38,956$28,277$20,160$14,156$9,818$2,942
30 years$37,251$26,705$18,779$12,992$8,871$2,525
31 years$35,659$25,245$17,507$11,932$8,020$2,168
32 years$34,169$23,887$16,334$10,966$7,255$1,862
33 years$32,773$22,621$15,251$10,084$6,566$1,599
34 years$31,461$21,440$14,250$9,278$5,945$1,374
35 years$30,227$20,335$13,323$8,541$5,384$1,180
36 years$29,065$19,301$12,463$7,866$4,878$1,014
37 years$27,967$18,332$11,665$7,248$4,421$871
38 years$26,930$17,422$10,924$6,680$4,008$749
39 years$25,949$16,566$10,235$6,160$3,635$644
40 years$25,019$15,761$9,593$5,681$3,297$553
41 years$24,137$15,003$8,995$5,242$2,991$475
42 years$23,299$14,289$8,438$4,838$2,714$409
43 years$22,502$13,614$7,918$4,466$2,463$351
44 years$21,743$12,977$7,432$4,123$2,236$302
45 years$21,020$12,375$6,978$3,808$2,030$260
46 years$20,331$11,805$6,554$3,517$1,843$223
47 years$19,673$11,266$6,158$3,250$1,674$192
48 years$19,044$10,755$5,786$3,003$1,520$165
49 years$18,443$10,270$5,439$2,775$1,380$142
50 years$17,867$9,810$5,113$2,565$1,254$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $18,300,000, adding $3,813 every year, while hoping to spend $46,716 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: 41/31/28 Blend
52$18,300,000$18,300,000$18,300,000$18,300,000
53$20,170,533$19,200,633$18,916,983$20,831,240
54$22,178,222$20,091,759$19,500,997$22,200,702
55$24,389,129$21,024,984$20,103,009$23,677,423
56$26,823,934$22,002,322$20,723,573$25,275,024
57$29,505,424$23,025,883$21,363,261$27,004,650
58$32,458,706$24,097,881$22,022,660$28,878,536
59$35,711,451$25,220,634$22,702,376$30,910,113
60$39,294,148$26,396,574$23,403,034$33,114,129
61$43,240,394$27,628,249$24,125,278$35,506,778
62$47,587,211$28,918,330$24,869,772$38,105,849
63$52,375,397$30,269,619$25,637,200$40,930,885
64$57,649,909$31,685,051$26,428,267$44,003,355
65$63,460,285$33,167,704$27,243,700$47,346,855
66$69,861,118$34,720,805$28,084,247$50,987,316
67$76,912,563$36,347,736$28,950,681$54,953,242
68$84,680,913$38,052,044$29,843,798$59,275,967
69$93,239,218$39,837,446$30,764,417$63,989,944
70$102,667,977$41,707,839$31,713,383$69,133,056
71$113,055,897$43,667,310$32,691,568$74,746,965
72$124,500,732$45,720,142$33,699,869$80,877,489
73$137,110,205$47,870,826$34,739,212$87,575,029
74$151,003,021$50,124,072$35,810,551$94,895,025
75$166,309,992$52,484,815$36,914,868$102,898,472
76$183,175,272$54,958,232$38,053,177$111,652,476
77$201,757,713$57,549,748$39,226,522$121,230,878
78$222,232,367$60,265,053$40,435,978$131,714,931
79$244,792,141$63,110,113$41,682,655$143,194,055
80$269,649,611$66,091,180$42,967,696$155,766,661
81$297,039,037$69,214,814$44,292,279$169,541,066
82$327,218,566$72,487,887$45,657,618$184,636,494
83$360,472,677$75,917,611$47,064,965$201,184,184
84$397,114,858$79,511,541$48,515,609$219,328,608
85$437,490,571$83,277,605$50,010,880$239,228,814
86$481,980,512$87,224,110$51,552,148$261,059,907
87$531,004,204$91,359,771$53,140,823$285,014,678
88$585,023,954$95,693,721$54,778,363$311,305,399
89$644,549,225$100,235,541$56,466,265$340,165,805
90$710,141,437$104,995,273$58,206,076$371,853,270
91$782,419,273$109,983,451$59,999,389$406,651,214
92$862,064,515$115,211,117$61,847,846$444,871,746
93$949,828,485$120,689,851$63,753,137$486,858,583
94$1,046,539,131$126,431,794$65,717,008$532,990,263
95$1,153,108,849$132,449,679$67,741,255$583,683,685
96$1,270,543,095$138,756,856$69,827,729$639,398,011
97$1,399,949,873$145,367,325$71,978,341$700,638,967
98$1,542,550,202$152,295,765$74,195,057$767,963,574
99$1,699,689,635$159,557,570$76,479,904$841,985,376
100$1,872,850,969$167,168,883$78,834,972$923,380,181