Can I retire at age 53 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,544,733
2 years$813,526$798,375$783,691$769,454$755,645$713,503
3 years$536,964$521,747$507,100$492,997$479,412$438,567
4 years$398,709$383,539$369,039$355,176$341,921$302,687
5 years$315,778$300,700$286,390$272,810$259,923$222,409
6 years$260,509$245,544$231,445$218,168$205,668$169,910
7 years$221,047$206,207$192,332$179,368$167,263$133,264
8 years$191,463$176,758$163,113$150,467$138,761$106,503
9 years$168,466$153,899$140,489$128,165$116,857$86,311
10 years$150,079$135,655$122,482$110,479$99,568$70,696
11 years$135,045$120,765$107,831$96,150$85,632$58,389
12 years$122,526$108,393$95,697$84,337$74,207$48,545
13 years$111,940$97,955$85,499$74,457$64,710$40,575
14 years$102,875$89,039$76,821$66,094$56,724$34,060
15 years$95,026$81,338$69,359$58,944$49,944$28,693
16 years$88,165$74,626$62,885$52,778$44,141$24,243
17 years$82,117$68,728$57,222$47,421$39,138$20,533
18 years$76,747$63,508$52,237$42,736$34,800$17,426
19 years$71,948$58,858$47,820$38,615$31,018$14,814
20 years$67,634$54,694$43,887$34,974$27,706$12,612
21 years$63,736$50,945$40,367$31,741$24,794$10,751
22 years$60,197$47,556$37,205$28,860$22,224$9,173
23 years$56,971$44,478$34,352$26,283$19,950$7,834
24 years$54,018$41,673$31,770$23,972$17,931$6,695
25 years$51,305$39,108$29,425$21,892$16,135$5,726
26 years$48,805$36,755$27,290$20,017$14,534$4,899
27 years$46,495$34,591$25,342$18,322$13,104$4,194
28 years$44,353$32,595$23,558$16,787$11,824$3,592
29 years$42,362$30,749$21,923$15,394$10,676$3,077
30 years$40,508$29,040$20,420$14,128$9,647$2,637
31 years$38,776$27,452$19,037$12,975$8,722$2,260
32 years$37,157$25,975$17,762$11,925$7,889$1,937
33 years$35,638$24,599$16,585$10,966$7,140$1,661
34 years$34,212$23,314$15,496$10,090$6,464$1,425
35 years$32,870$22,113$14,487$9,288$5,855$1,222
36 years$31,606$20,989$13,553$8,554$5,305$1,048
37 years$30,413$19,934$12,685$7,881$4,808$899
38 years$29,285$18,945$11,879$7,264$4,359$771
39 years$28,218$18,015$11,129$6,698$3,953$662
40 years$27,206$17,139$10,432$6,178$3,585$568
41 years$26,247$16,315$9,781$5,700$3,253$487
42 years$25,336$15,538$9,175$5,260$2,952$418
43 years$24,469$14,805$8,610$4,856$2,679$359
44 years$23,644$14,112$8,082$4,484$2,431$308
45 years$22,858$13,457$7,589$4,141$2,207$264
46 years$22,108$12,837$7,127$3,825$2,004$227
47 years$21,393$12,251$6,696$3,534$1,820$195
48 years$20,709$11,695$6,292$3,265$1,653$167
49 years$20,055$11,168$5,914$3,018$1,501$143
50 years$19,429$10,668$5,560$2,789$1,363$123

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $19,900,000, adding $5,597 every year, while hoping to spend $57,917 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: 56/21/23 Blend
52$19,900,000$19,900,000$19,900,000$19,900,000
53$21,935,573$20,880,873$20,572,423$23,026,463
54$24,111,379$21,842,413$21,199,976$24,735,248
55$26,507,175$22,849,127$21,846,611$26,589,365
56$29,145,340$23,903,167$22,512,906$28,608,156
57$32,050,533$25,006,790$23,199,456$30,807,478
58$35,249,925$26,162,361$23,906,876$33,204,764
59$38,773,457$27,372,357$24,635,796$35,819,189
60$42,654,123$28,639,375$25,386,869$38,671,841
61$46,928,279$29,966,140$26,160,764$41,785,916
62$51,635,986$31,355,504$26,958,173$45,186,929
63$56,821,393$32,810,460$27,779,807$48,902,952
64$62,533,144$34,334,142$28,626,400$52,964,873
65$68,824,848$35,929,837$29,498,707$57,406,675
66$75,755,574$37,600,991$30,397,506$62,265,757
67$83,390,419$39,351,216$31,323,599$67,583,278
68$91,801,112$41,184,296$32,277,810$73,404,533
69$101,066,700$43,104,201$33,260,991$79,779,381
70$111,274,287$45,115,090$34,274,017$86,762,699
71$122,519,859$47,221,324$35,317,792$94,414,899
72$134,909,191$49,427,476$36,393,244$102,802,484
73$148,558,842$51,738,336$37,501,332$111,998,669
74$163,597,258$54,158,929$38,643,041$122,084,062
75$180,165,984$56,694,522$39,819,388$133,147,414
76$198,420,996$59,350,635$41,031,419$145,286,448
77$218,534,180$62,133,058$42,280,214$158,608,769
78$240,694,946$65,047,858$43,566,881$173,232,867
79$265,112,025$68,101,397$44,892,566$189,289,228
80$292,015,430$71,300,345$46,258,446$206,921,547
81$321,658,636$74,651,693$47,665,735$226,288,076
82$354,320,964$78,162,773$49,115,684$247,563,105
83$390,310,223$81,841,270$50,609,581$270,938,587
84$429,965,615$85,695,242$52,148,751$296,625,941
85$473,660,936$89,733,136$53,734,562$324,858,030
86$521,808,102$93,963,810$55,368,420$355,891,342
87$574,861,042$98,396,551$57,051,776$390,008,396
88$633,319,980$103,041,094$58,786,123$427,520,391
89$697,736,158$107,907,648$60,572,998$468,770,124
90$768,717,039$113,006,915$62,413,986$514,135,206
91$846,932,041$118,350,118$64,310,718$564,031,610
92$933,118,858$123,949,022$66,264,876$618,917,574
93$1,028,090,422$129,815,965$68,278,190$679,297,903
94$1,132,742,579$135,963,881$70,352,444$745,728,716
95$1,248,062,545$142,406,334$72,489,473$818,822,668
96$1,375,138,224$149,157,544$74,691,170$899,254,709
97$1,515,168,481$156,232,422$76,959,483$987,768,432
98$1,669,474,459$163,646,604$79,296,418$1,085,183,062
99$1,839,512,048$171,416,482$81,704,043$1,192,401,160
100$2,026,885,634$179,559,246$84,184,485$1,310,417,120