Can I retire at age 53 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,487,199
2 years$768,558$754,244$740,372$726,922$713,875$701,840
3 years$507,282$492,907$479,070$465,746$452,912$441,153
4 years$376,670$362,339$348,640$335,544$323,021$311,630
5 years$298,323$284,078$270,559$257,730$245,555$234,565
6 years$246,109$231,971$218,652$206,108$194,299$183,724
7 years$208,828$194,809$181,701$169,453$158,017$147,862
8 years$180,880$166,987$154,097$142,150$131,091$121,355
9 years$159,154$145,392$132,723$121,080$110,397$101,079
10 years$141,783$128,156$115,711$104,372$94,064$85,157
11 years$127,580$114,090$101,870$90,835$80,898$72,397
12 years$115,753$102,401$90,407$79,675$70,105$62,001
13 years$105,753$92,541$80,773$70,341$61,133$53,417
14 years$97,189$84,117$72,575$62,441$53,589$46,252
15 years$89,773$76,842$65,525$55,686$47,184$40,215
16 years$83,291$70,501$59,408$49,861$41,701$35,091
17 years$77,577$64,929$54,059$44,800$36,975$30,711
18 years$72,504$59,997$49,349$40,373$32,876$26,948
19 years$67,971$55,605$45,177$36,481$29,303$23,699
20 years$63,895$51,671$41,461$33,040$26,174$20,881
21 years$60,213$48,129$38,136$29,986$23,423$18,429
22 years$56,870$44,927$35,148$27,264$20,996$16,289
23 years$53,822$42,019$32,453$24,830$18,847$14,416
24 years$51,032$39,369$30,014$22,647$16,940$12,772
25 years$48,469$36,946$27,799$20,682$15,243$11,327
26 years$46,108$34,723$25,782$18,911$13,731$10,054
27 years$43,925$32,679$23,941$17,309$12,379$8,931
28 years$41,901$30,793$22,256$15,859$11,170$7,938
29 years$40,021$29,050$20,711$14,543$10,086$7,060
30 years$38,269$27,434$19,292$13,347$9,114$6,283
31 years$36,633$25,935$17,985$12,258$8,240$5,594
32 years$35,103$24,539$16,780$11,266$7,453$4,982
33 years$33,668$23,239$15,668$10,360$6,745$4,439
34 years$32,321$22,026$14,639$9,532$6,107$3,956
35 years$31,053$20,891$13,687$8,775$5,531$3,527
36 years$29,859$19,828$12,804$8,081$5,012$3,145
37 years$28,732$18,833$11,984$7,446$4,542$2,806
38 years$27,666$17,898$11,222$6,863$4,118$2,503
39 years$26,658$17,019$10,514$6,328$3,734$2,234
40 years$25,703$16,192$9,855$5,837$3,387$1,993
41 years$24,796$15,413$9,241$5,385$3,073$1,779
42 years$23,935$14,679$8,668$4,970$2,788$1,588
43 years$23,116$13,986$8,134$4,588$2,531$1,418
44 years$22,337$13,332$7,635$4,236$2,297$1,266
45 years$21,594$12,713$7,169$3,912$2,085$1,131
46 years$20,886$12,128$6,733$3,614$1,893$1,010
47 years$20,210$11,574$6,326$3,338$1,719$902
48 years$19,564$11,049$5,945$3,085$1,561$805
49 years$18,946$10,551$5,588$2,851$1,418$719
50 years$18,355$10,079$5,253$2,635$1,288$643

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $18,800,000, adding $5,195 every year, while hoping to spend $23,947 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: 42/30/28 Blend
52$18,800,000$18,800,000$18,800,000$18,800,000
53$20,722,959$19,726,559$19,435,159$21,423,150
54$22,811,221$20,667,681$20,060,757$22,868,952
55$25,111,684$21,654,115$20,706,510$24,431,050
56$27,645,965$22,688,057$21,373,069$26,122,343
57$30,437,890$23,771,808$22,061,102$27,954,774
58$33,513,710$24,907,781$22,771,305$29,941,455
59$36,902,355$26,098,509$23,504,390$32,096,778
60$40,635,705$27,346,646$24,261,097$34,436,549
61$44,748,889$28,654,974$25,042,186$36,978,123
62$49,280,621$30,026,413$25,848,445$39,740,563
63$54,273,562$31,464,024$26,680,684$42,744,814
64$59,774,721$32,971,017$27,539,743$46,013,887
65$65,835,904$34,550,759$28,426,486$49,573,068
66$72,514,198$36,206,778$29,341,806$53,450,150
67$79,872,515$37,942,778$30,286,624$57,675,682
68$87,980,178$39,762,641$31,261,893$62,283,248
69$96,913,584$41,670,439$32,268,594$67,309,771
70$106,756,919$43,670,440$33,307,742$72,795,855
71$117,602,957$45,767,123$34,380,383$78,786,150
72$129,553,930$47,965,184$35,487,597$85,329,765
73$142,722,500$50,269,547$36,630,501$92,480,716
74$157,232,817$52,685,377$37,810,245$100,298,424
75$173,221,694$55,218,090$39,028,018$108,848,260
76$190,839,898$57,873,367$40,285,047$118,202,147
77$210,253,570$60,657,165$41,582,599$128,439,224
78$231,645,798$63,575,731$42,921,981$139,646,576
79$255,218,345$66,635,616$44,304,542$151,920,038
80$281,193,549$69,843,694$45,731,677$165,365,084
81$309,816,425$73,207,170$47,204,823$180,097,801
82$341,356,981$76,733,602$48,725,465$196,245,968
83$376,112,761$80,430,916$50,295,136$213,950,237
84$414,411,658$84,307,426$51,915,418$233,365,445
85$456,615,007$88,371,850$53,587,944$254,662,049
86$503,120,998$92,633,331$55,314,401$278,027,713
87$554,368,435$97,101,460$57,096,529$303,669,054
88$610,840,878$101,786,293$58,936,124$331,813,568
89$673,071,205$106,698,379$60,835,042$362,711,750
90$741,646,650$111,848,782$62,795,198$396,639,429
91$817,214,338$117,249,102$64,818,568$433,900,346
92$900,487,403$122,911,510$66,907,191$474,828,986
93$992,251,712$128,848,768$69,063,176$519,793,707
94$1,093,373,290$135,074,261$71,288,696$569,200,182
95$1,204,806,494$141,602,028$73,585,996$623,495,192
96$1,327,603,022$148,446,794$75,957,393$683,170,812
97$1,462,921,844$155,624,000$78,405,279$748,769,009
98$1,612,040,139$163,149,844$80,932,123$820,886,726
99$1,776,365,360$171,041,312$83,540,475$900,181,471
100$1,957,448,512$179,316,222$86,232,967$987,377,482