Can I retire at age 53 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$825,791$818,435$811,258$804,254$797,414$781,633
2 years$408,807$401,194$393,815$386,660$379,721$363,889
3 years$269,831$262,184$254,824$247,737$240,911$225,521
4 years$200,356$192,733$185,447$178,481$171,819$156,991
5 years$158,683$151,105$143,914$137,090$130,614$116,388
6 years$130,909$123,389$116,304$109,632$103,351$89,743
7 years$111,079$103,622$96,649$90,135$84,052$71,066
8 years$96,213$88,823$81,966$75,612$69,729$57,361
9 years$84,656$77,336$70,598$64,404$58,722$46,964
10 years$75,417$68,168$61,549$55,517$50,034$38,875
11 years$67,862$60,686$54,186$48,317$43,031$32,457
12 years$61,571$54,469$48,089$42,380$37,290$27,286
13 years$56,251$49,224$42,964$37,415$32,517$23,067
14 years$51,696$44,743$38,604$33,213$28,505$19,589
15 years$47,752$40,874$34,854$29,620$25,098$16,699
16 years$44,304$37,501$31,600$26,522$22,181$14,281
17 years$41,265$34,537$28,755$23,830$19,668$12,245
18 years$38,566$31,914$26,250$21,475$17,487$10,523
19 years$36,155$29,577$24,030$19,405$15,587$9,060
20 years$33,987$27,484$22,054$17,575$13,923$7,813
21 years$32,028$25,601$20,285$15,950$12,459$6,747
22 years$30,250$23,897$18,696$14,502$11,168$5,833
23 years$28,629$22,351$17,262$13,208$10,025$5,048
24 years$27,145$20,941$15,965$12,046$9,011$4,373
25 years$25,782$19,652$14,787$11,001$8,108$3,791
26 years$24,525$18,470$13,714$10,059$7,304$3,288
27 years$23,364$17,382$12,734$9,207$6,585$2,854
28 years$22,288$16,379$11,838$8,436$5,942$2,478
29 years$21,288$15,452$11,017$7,736$5,365$2,153
30 years$20,356$14,593$10,262$7,099$4,848$1,871
31 years$19,486$13,795$9,567$6,520$4,383$1,626
32 years$18,672$13,053$8,926$5,992$3,965$1,414
33 years$17,909$12,361$8,334$5,510$3,588$1,230
34 years$17,192$11,716$7,787$5,070$3,248$1,070
35 years$16,518$11,112$7,280$4,667$2,942$931
36 years$15,882$10,547$6,810$4,298$2,666$810
37 years$15,283$10,017$6,374$3,960$2,416$705
38 years$14,716$9,520$5,969$3,650$2,190$613
39 years$14,180$9,053$5,593$3,366$1,986$534
40 years$13,672$8,613$5,242$3,105$1,802$465
41 years$13,189$8,199$4,915$2,864$1,635$405
42 years$12,731$7,808$4,611$2,643$1,483$352
43 years$12,296$7,439$4,327$2,440$1,346$307
44 years$11,881$7,091$4,061$2,253$1,222$267
45 years$11,486$6,762$3,813$2,081$1,109$233
46 years$11,110$6,451$3,582$1,922$1,007$203
47 years$10,750$6,156$3,365$1,776$914$176
48 years$10,406$5,877$3,162$1,641$830$154
49 years$10,078$5,612$2,972$1,516$754$134
50 years$9,763$5,361$2,794$1,402$685$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,000,000, adding $6,078 every year, while hoping to spend $57,021 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: 88/5/7 Blend
52$10,000,000$10,000,000$10,000,000$10,000,000
53$11,026,269$10,496,269$10,341,269$11,990,911
54$12,090,279$10,949,917$10,627,032$13,073,541
55$13,260,906$11,423,882$10,920,457$14,255,037
56$14,548,967$11,919,100$11,221,740$15,552,103
57$15,966,376$12,436,550$11,531,082$16,976,362
58$17,526,263$12,977,258$11,848,690$18,540,614
59$19,243,095$13,542,296$12,174,775$20,258,960
60$21,132,812$14,132,791$12,509,551$22,146,934
61$23,212,979$14,749,917$12,853,241$24,221,647
62$25,502,948$15,394,908$13,206,070$26,501,947
63$28,024,044$16,069,055$13,568,269$29,008,599
64$30,799,766$16,773,708$13,940,076$31,764,480
65$33,856,006$17,510,283$14,321,732$34,794,789
66$37,221,294$18,280,262$14,713,485$38,127,292
67$40,927,069$19,085,198$15,115,589$41,792,575
68$45,007,972$19,926,715$15,528,304$45,824,338
69$49,502,178$20,806,516$15,951,895$50,259,708
70$54,451,749$21,726,385$16,386,632$55,139,590
71$59,903,037$22,688,188$16,832,795$60,509,053
72$65,907,119$23,693,881$17,290,666$66,417,751
73$72,520,278$24,745,514$17,760,535$72,920,394
74$79,804,534$25,845,231$18,242,700$80,077,262
75$87,828,230$26,995,281$18,737,465$87,954,772
76$96,666,677$28,198,018$19,245,138$96,626,102
77$106,402,866$29,455,908$19,766,037$106,171,887
78$117,128,245$30,771,535$20,300,486$116,680,969
79$128,943,590$32,147,604$20,848,817$128,251,242
80$141,959,951$33,586,951$21,411,367$140,990,572
81$156,299,700$35,092,546$21,988,481$155,017,811
82$172,097,688$36,667,500$22,580,514$170,463,923
83$189,502,517$38,315,072$23,187,826$187,473,211
84$208,677,940$40,038,677$23,810,785$206,204,685
85$229,804,411$41,841,893$24,449,767$226,833,555
86$253,080,784$43,728,468$25,105,157$249,552,888
87$278,726,190$45,702,330$25,777,347$274,575,424
88$306,982,110$47,767,593$26,466,736$302,135,584
89$338,114,648$49,928,567$27,173,735$332,491,684
90$372,417,047$52,189,771$27,898,759$365,928,365
91$410,212,453$54,555,938$28,642,235$402,759,282
92$451,856,970$57,032,025$29,404,596$443,330,062
93$497,743,017$59,623,231$30,186,287$488,021,562
94$548,303,035$62,334,999$30,987,758$537,253,466
95$604,013,567$65,173,037$31,809,470$591,488,238
96$665,399,758$68,143,323$32,651,894$651,235,492
97$733,040,309$71,252,122$33,515,509$717,056,792
98$807,572,945$74,506,000$34,400,802$789,570,959
99$889,700,429$77,911,837$35,308,273$869,459,903
100$980,197,200$81,476,845$36,238,428$957,475,058