Can I retire at age 53 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,512,763
2 years$805,350$790,351$775,815$761,721$748,050$690,129
3 years$531,567$516,503$502,004$488,042$474,594$418,716
4 years$394,702$379,685$365,330$351,607$338,484$285,076
5 years$312,605$297,677$283,511$270,068$257,310$206,510
6 years$257,891$243,076$229,119$215,975$203,601$155,444
7 years$218,825$204,135$190,399$177,565$165,582$120,057
8 years$189,539$174,981$161,474$148,955$137,366$94,432
9 years$166,773$152,353$139,077$126,877$115,682$75,279
10 years$148,571$134,291$121,251$109,369$98,567$60,623
11 years$133,688$119,552$106,747$95,184$84,771$49,204
12 years$121,294$107,303$94,735$83,489$73,461$40,182
13 years$110,815$96,971$84,640$73,708$64,059$32,975
14 years$101,841$88,144$76,049$65,430$56,154$27,167
15 years$94,071$80,521$68,662$58,352$49,442$22,453
16 years$87,278$73,876$62,253$52,248$43,697$18,604
17 years$81,291$68,037$56,647$46,944$38,745$15,448
18 years$75,975$62,870$51,712$42,306$34,450$12,850
19 years$71,225$58,267$47,339$38,227$30,706$10,704
20 years$66,954$54,144$43,446$34,622$27,427$8,927
21 years$63,095$50,433$39,962$31,422$24,544$7,452
22 years$59,592$47,078$36,831$28,570$22,001$6,226
23 years$56,398$44,031$34,007$26,019$19,749$5,205
24 years$53,475$41,254$31,451$23,731$17,751$4,354
25 years$50,790$38,715$29,130$21,672$15,973$3,644
26 years$48,315$36,386$27,016$19,816$14,388$3,051
27 years$46,027$34,243$25,087$18,138$12,972$2,555
28 years$43,907$32,267$23,322$16,618$11,705$2,141
29 years$41,936$30,440$21,703$15,239$10,569$1,794
30 years$40,101$28,748$20,215$13,986$9,550$1,503
31 years$38,387$27,176$18,846$12,845$8,634$1,260
32 years$36,783$25,714$17,584$11,805$7,810$1,056
33 years$35,280$24,352$16,418$10,856$7,068$886
34 years$33,868$23,080$15,340$9,988$6,399$743
35 years$32,540$21,891$14,342$9,195$5,796$623
36 years$31,288$20,778$13,416$8,468$5,252$522
37 years$30,107$19,734$12,558$7,802$4,760$438
38 years$28,991$18,754$11,760$7,191$4,315$367
39 years$27,934$17,834$11,017$6,631$3,913$308
40 years$26,933$16,967$10,327$6,116$3,549$258
41 years$25,983$16,151$9,683$5,643$3,220$217
42 years$25,081$15,382$9,083$5,208$2,922$182
43 years$24,223$14,656$8,523$4,807$2,652$153
44 years$23,406$13,970$8,001$4,439$2,407$128
45 years$22,628$13,322$7,512$4,099$2,185$107
46 years$21,886$12,708$7,056$3,787$1,984$90
47 years$21,178$12,128$6,629$3,498$1,802$76
48 years$20,501$11,577$6,229$3,233$1,636$63
49 years$19,854$11,056$5,855$2,987$1,486$53
50 years$19,234$10,561$5,505$2,761$1,350$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $19,700,000, adding $3,125 every year, while hoping to spend $58,872 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: 22/50/28 Blend
52$19,700,000$19,700,000$19,700,000$19,700,000
53$21,712,623$20,668,523$20,363,173$21,997,163
54$23,864,672$21,618,642$20,982,700$23,200,230
55$26,234,256$22,613,343$21,621,008$24,481,258
56$28,843,502$23,654,749$22,278,664$25,850,488
57$31,716,792$24,745,084$22,956,252$27,315,168
58$34,880,992$25,886,681$23,654,374$28,883,208
59$38,365,707$27,081,981$24,373,649$30,563,247
60$42,203,558$28,333,548$25,114,716$32,364,722
61$46,430,494$29,644,065$25,878,232$34,297,947
62$51,086,125$31,016,345$26,664,873$36,374,196
63$56,214,103$32,453,338$27,475,339$38,605,800
64$61,862,525$33,958,136$28,310,347$41,006,252
65$68,084,396$35,533,978$29,170,637$43,590,313
66$74,938,122$37,184,260$30,056,971$46,374,148
67$82,488,066$38,912,544$30,970,135$49,375,454
68$90,805,151$40,722,561$31,910,937$52,613,617
69$99,967,532$42,618,223$32,880,209$56,109,879
70$110,061,335$44,603,630$33,878,811$59,887,519
71$121,181,465$46,683,082$34,907,624$63,972,056
72$133,432,505$48,861,083$35,967,560$68,391,472
73$146,929,702$51,142,358$37,059,555$73,176,458
74$161,800,057$53,531,859$38,184,576$78,360,678
75$178,183,519$56,034,776$39,343,615$83,981,074
76$196,234,310$58,656,552$40,537,698$90,078,186
77$216,122,377$61,402,891$41,767,879$96,696,514
78$238,035,001$64,279,774$43,035,244$103,884,912
79$262,178,559$67,293,471$44,340,913$111,697,029
80$288,780,475$70,450,554$45,686,036$120,191,781
81$318,091,368$73,757,915$47,071,803$129,433,886
82$350,387,413$77,222,779$48,499,434$139,494,445
83$385,972,952$80,852,718$49,970,188$150,451,578
84$425,183,366$84,655,674$51,485,362$162,391,136
85$468,388,240$88,639,972$53,046,292$175,407,473
86$515,994,849$92,814,340$54,654,352$189,604,307
87$568,452,010$97,187,929$56,310,959$205,095,657
88$626,254,311$101,770,333$58,017,571$222,006,886
89$689,946,782$106,571,611$59,775,691$240,475,843
90$760,130,043$111,602,309$61,586,866$260,654,120
91$837,465,970$116,873,485$63,452,689$282,708,446
92$922,683,945$122,396,732$65,374,801$306,822,206
93$1,016,587,743$128,184,207$67,354,891$333,197,133
94$1,120,063,113$134,248,654$69,394,701$362,055,157
95$1,234,086,149$140,603,437$71,496,022$393,640,449
96$1,359,732,498$147,262,567$73,660,701$428,221,675
97$1,498,187,516$154,240,735$75,890,637$466,094,466
98$1,650,757,458$161,553,346$78,187,788$507,584,159
99$1,818,881,810$169,216,552$80,554,171$553,048,797
100$2,004,146,880$177,247,288$82,991,861$602,882,450