Can I retire at age 53 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,557,214
2 years$809,438$794,363$779,753$765,588$751,848$730,058
3 years$534,265$519,125$504,552$490,519$477,003$455,767
4 years$396,706$381,612$367,185$353,392$340,203$319,684
5 years$314,192$299,188$284,950$271,439$258,617$238,874
6 years$259,200$244,310$230,282$217,072$204,634$185,692
7 years$219,936$205,171$191,366$178,467$166,423$148,287
8 years$190,501$175,869$162,293$149,711$138,064$120,733
9 years$167,619$153,126$139,783$127,521$116,270$99,736
10 years$149,325$134,973$121,866$109,924$99,067$83,318
11 years$134,366$120,159$107,289$95,667$85,201$70,221
12 years$121,910$107,848$95,216$83,913$73,834$59,606
13 years$111,378$97,463$85,069$74,082$64,384$50,890
14 years$102,358$88,591$76,435$65,762$56,439$43,657
15 years$94,548$80,930$69,011$58,648$49,693$37,601
16 years$87,721$74,251$62,569$52,513$43,919$32,495
17 years$81,704$68,383$56,935$47,183$38,942$28,162
18 years$76,361$63,189$51,974$42,521$34,625$24,465
19 years$71,586$58,563$47,580$38,421$30,862$21,298
20 years$67,294$54,419$43,666$34,798$27,567$18,574
21 years$63,416$50,689$40,165$31,581$24,669$16,223
22 years$59,895$47,317$37,018$28,715$22,112$14,188
23 years$56,685$44,254$34,179$26,151$19,849$12,423
24 years$53,746$41,463$31,610$23,851$17,841$10,888
25 years$51,047$38,911$29,277$21,782$16,054$9,551
26 years$48,560$36,570$27,153$19,917$14,461$8,384
27 years$46,261$34,417$25,214$18,230$13,038$7,365
28 years$44,130$32,431$23,440$16,703$11,764$6,473
29 years$42,149$30,595$21,813$15,317$10,623$5,693
30 years$40,304$28,894$20,318$14,057$9,598$5,008
31 years$38,582$27,314$18,942$12,910$8,678$4,408
32 years$36,970$25,845$17,673$11,865$7,850$3,881
33 years$35,459$24,475$16,501$10,911$7,104$3,418
34 years$34,040$23,197$15,418$10,039$6,432$3,011
35 years$32,705$22,002$14,415$9,241$5,826$2,653
36 years$31,447$20,883$13,485$8,511$5,278$2,338
37 years$30,260$19,834$12,621$7,842$4,784$2,061
38 years$29,138$18,850$11,819$7,228$4,337$1,817
39 years$28,076$17,924$11,073$6,664$3,933$1,602
40 years$27,070$17,053$10,379$6,147$3,567$1,412
41 years$26,115$16,233$9,732$5,671$3,236$1,246
42 years$25,208$15,460$9,129$5,234$2,937$1,099
43 years$24,346$14,730$8,567$4,832$2,665$969
44 years$23,525$14,041$8,041$4,461$2,419$855
45 years$22,743$13,389$7,550$4,120$2,196$754
46 years$21,997$12,773$7,092$3,806$1,994$665
47 years$21,285$12,189$6,662$3,516$1,811$587
48 years$20,605$11,636$6,261$3,249$1,644$518
49 years$19,954$11,112$5,885$3,003$1,493$457
50 years$19,332$10,615$5,533$2,775$1,357$403

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $19,800,000, adding $3,776 every year, while hoping to spend $36,955 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: 88/7/5 Blend
52$19,800,000$19,800,000$19,800,000$19,800,000
53$21,823,495$20,774,095$20,467,195$23,746,267
54$24,010,172$21,752,706$21,113,526$25,976,177
55$26,418,651$22,778,030$21,780,271$28,421,685
56$29,071,517$23,852,317$22,468,074$31,108,877
57$31,993,658$24,977,927$23,177,601$34,062,095
58$35,212,498$26,157,332$23,909,537$37,308,153
59$38,758,257$27,393,126$24,664,591$40,876,583
60$42,664,238$28,688,028$25,443,493$44,799,919
61$46,967,137$30,044,888$26,246,997$49,113,995
62$51,707,392$31,466,695$27,075,879$53,858,286
63$56,929,566$32,956,583$27,930,941$59,076,281
64$62,682,765$34,517,838$28,813,010$64,815,882
65$69,021,101$36,153,906$29,722,940$71,129,864
66$76,004,205$37,868,399$30,661,610$78,076,365
67$83,697,788$39,665,106$31,629,929$85,719,435
68$92,174,264$41,547,997$32,628,832$94,129,637
69$101,513,428$43,521,238$33,659,287$103,384,710
70$111,803,214$45,589,195$34,722,290$113,570,301
71$123,140,525$47,756,448$35,818,870$124,780,771
72$135,632,142$50,027,798$36,950,086$137,120,082
73$149,395,740$52,408,280$38,117,033$150,702,775
74$164,560,992$54,903,172$39,320,840$165,655,048
75$181,270,797$57,518,011$40,562,672$182,115,946
76$199,682,626$60,258,602$41,843,730$200,238,667
77$219,970,012$63,131,031$43,165,252$220,192,007
78$242,324,183$66,141,681$44,528,518$242,161,947
79$266,955,872$69,297,247$45,934,846$266,353,406
80$294,097,305$72,604,745$47,385,597$292,992,174
81$324,004,389$76,071,537$48,882,173$322,327,033
82$356,959,134$79,705,340$50,426,024$354,632,107
83$393,272,312$83,514,247$52,018,642$390,209,441
84$433,286,390$87,506,747$53,661,568$429,391,849
85$477,378,762$91,691,739$55,356,391$472,546,050
86$525,965,318$96,078,555$57,104,752$520,076,126
87$579,504,360$100,676,985$58,908,341$572,427,328
88$638,500,938$105,497,290$60,768,904$630,090,276
89$703,511,612$110,550,236$62,688,240$693,605,584
90$775,149,707$115,847,108$64,668,207$763,568,955
91$854,091,105$121,399,744$66,710,720$840,636,801
92$941,080,624$127,220,558$68,817,755$925,532,430
93$1,036,939,049$133,322,566$70,991,351$1,019,052,869
94$1,142,570,881$139,719,421$73,233,611$1,122,076,379
95$1,258,972,878$146,425,440$75,546,704$1,235,570,737
96$1,387,243,461$153,455,636$77,932,868$1,360,602,370
97$1,528,593,087$160,825,755$80,394,412$1,498,346,404
98$1,684,355,676$168,552,311$82,933,718$1,650,097,756
99$1,856,001,200$176,652,619$85,553,243$1,817,283,349
100$2,045,149,566$185,144,842$88,255,521$2,001,475,568