Can I retire at age 53 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,429,711
2 years$756,293$742,208$728,557$715,322$702,484$657,036
3 years$499,187$485,041$471,425$458,314$445,685$401,720
4 years$370,659$356,557$343,077$330,189$317,866$275,721
5 years$293,563$279,545$266,242$253,617$241,637$201,425
6 years$242,182$228,269$215,163$202,820$191,199$152,956
7 years$205,496$191,700$178,801$166,749$155,496$119,219
8 years$177,994$164,322$151,638$139,882$128,999$94,664
9 years$156,614$143,072$130,605$119,148$108,636$76,206
10 years$139,521$126,111$113,865$102,707$92,563$61,991
11 years$125,544$112,269$100,245$89,386$79,607$50,839
12 years$113,906$100,767$88,965$78,403$68,986$41,962
13 years$104,065$91,064$79,484$69,218$60,157$34,813
14 years$95,638$82,775$71,417$61,444$52,733$29,002
15 years$88,341$75,616$64,480$54,798$46,431$24,244
16 years$81,962$69,376$58,460$49,065$41,036$20,322
17 years$76,340$63,893$53,197$44,085$36,385$17,075
18 years$71,347$59,040$48,562$39,729$32,352$14,373
19 years$66,886$54,718$44,456$35,899$28,836$12,119
20 years$62,876$50,846$40,799$32,513$25,757$10,231
21 years$59,252$47,361$37,528$29,508$23,049$8,647
22 years$55,962$44,210$34,587$26,829$20,660$7,316
23 years$52,963$41,349$31,935$24,434$18,546$6,194
24 years$50,218$38,741$29,535$22,285$16,670$5,247
25 years$47,696$36,357$27,355$20,352$15,000$4,448
26 years$45,372$34,169$25,371$18,609$13,512$3,773
27 years$43,224$32,157$23,559$17,033$12,182$3,201
28 years$41,232$30,302$21,901$15,606$10,992$2,717
29 years$39,382$28,586$20,381$14,311$9,925$2,306
30 years$37,658$26,997$18,984$13,134$8,968$1,958
31 years$36,048$25,521$17,698$12,063$8,108$1,663
32 years$34,543$24,148$16,513$11,086$7,334$1,413
33 years$33,131$22,868$15,418$10,194$6,638$1,201
34 years$31,805$21,674$14,406$9,380$6,010$1,020
35 years$30,558$20,557$13,468$8,635$5,443$867
36 years$29,382$19,512$12,599$7,952$4,932$737
37 years$28,273$18,532$11,793$7,327$4,470$626
38 years$27,225$17,612$11,043$6,753$4,052$532
39 years$26,233$16,747$10,346$6,227$3,675$453
40 years$25,292$15,934$9,698$5,743$3,333$385
41 years$24,400$15,167$9,093$5,299$3,024$327
42 years$23,553$14,445$8,530$4,890$2,744$278
43 years$22,748$13,763$8,004$4,514$2,490$236
44 years$21,981$13,119$7,513$4,168$2,260$201
45 years$21,250$12,510$7,055$3,850$2,052$171
46 years$20,553$11,934$6,626$3,556$1,863$145
47 years$19,888$11,389$6,225$3,285$1,692$124
48 years$19,252$10,872$5,850$3,036$1,536$105
49 years$18,644$10,382$5,498$2,805$1,395$89
50 years$18,062$9,918$5,169$2,593$1,267$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $18,500,000, adding $6,483 every year, while hoping to spend $40,136 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: 65/27/8 Blend
52$18,500,000$18,500,000$18,500,000$18,500,000
53$20,393,687$19,413,187$19,126,437$21,687,219
54$22,431,139$20,321,729$19,724,468$23,457,478
55$24,675,066$21,273,444$20,341,189$25,385,458
56$27,146,485$22,270,406$20,977,181$27,490,803
57$29,868,558$23,314,787$21,633,048$29,790,769
58$32,866,806$24,408,867$22,309,411$32,304,333
59$36,169,353$25,555,034$23,006,908$35,052,371
60$39,807,188$26,755,792$23,726,201$38,057,843
61$43,814,463$28,013,767$24,467,970$41,346,013
62$48,228,808$29,331,712$25,232,917$44,944,673
63$53,091,692$30,712,511$26,021,766$48,884,404
64$58,448,812$32,159,192$26,835,263$53,198,859
65$64,350,525$33,674,926$27,674,177$57,925,069
66$70,852,319$35,263,038$28,539,303$63,103,790
67$78,015,345$36,927,016$29,431,459$68,779,878
68$85,906,987$38,670,517$30,351,489$75,002,706
69$94,601,499$40,497,372$31,300,264$81,826,620
70$104,180,710$42,411,600$32,278,681$89,311,448
71$114,734,790$44,417,417$33,287,664$97,523,047
72$126,363,108$46,519,239$34,328,170$106,533,927
73$139,175,163$48,721,700$35,401,182$116,423,915
74$153,291,623$51,029,657$36,507,715$127,280,905
75$168,845,460$53,448,202$37,648,816$139,201,675
76$185,983,209$55,982,676$38,825,563$152,292,789
77$204,866,347$58,638,678$40,039,070$166,671,592
78$225,672,820$61,422,078$41,290,484$182,467,303
79$248,598,721$64,339,034$42,580,989$199,822,228
80$273,860,143$67,395,999$43,911,804$218,893,081
81$301,695,218$70,599,743$45,284,190$239,852,457
82$332,366,362$73,957,362$46,699,442$262,890,445
83$366,162,757$77,476,299$48,158,900$288,216,403
84$403,403,078$81,164,358$49,663,943$316,060,922
85$444,438,501$85,029,720$51,215,994$346,677,986
86$489,656,019$89,080,967$52,816,520$380,347,350
87$539,482,094$93,327,096$54,467,035$417,377,161
88$594,386,686$97,777,541$56,169,099$458,106,855
89$654,887,684$102,442,198$57,924,320$502,910,330
90$721,555,802$107,331,439$59,734,359$552,199,464
91$795,019,959$112,456,145$61,600,925$606,427,975
92$875,973,222$117,827,724$63,525,783$666,095,686
93$965,179,347$123,458,138$65,510,753$731,753,212
94$1,063,479,988$129,359,934$67,557,711$804,007,140
95$1,171,802,643$135,546,267$69,668,590$883,525,722
96$1,291,169,411$142,030,933$71,845,386$971,045,162
97$1,422,706,641$148,828,398$74,090,157$1,067,376,530
98$1,567,655,563$155,953,835$76,405,022$1,173,413,394
99$1,727,384,010$163,423,153$78,792,170$1,290,140,218
100$1,903,399,328$171,253,036$81,253,857$1,418,641,626