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%17%
1 years$825,791$818,435$811,258$804,254$797,414$774,683
2 years$408,807$401,194$393,815$386,660$379,721$356,997
3 years$269,831$262,184$254,824$247,737$240,911$218,905
4 years$200,356$192,733$185,447$178,481$171,819$150,701
5 years$158,683$151,105$143,914$137,090$130,614$110,442
6 years$130,909$123,389$116,304$109,632$103,351$84,142
7 years$111,079$103,622$96,649$90,135$84,052$65,807
8 years$96,213$88,823$81,966$75,612$69,729$52,438
9 years$84,656$77,336$70,598$64,404$58,722$42,368
10 years$75,417$68,168$61,549$55,517$50,034$34,595
11 years$67,862$60,686$54,186$48,317$43,031$28,481
12 years$61,571$54,469$48,089$42,380$37,290$23,601
13 years$56,251$49,224$42,964$37,415$32,517$19,660
14 years$51,696$44,743$38,604$33,213$28,505$16,447
15 years$47,752$40,874$34,854$29,620$25,098$13,806
16 years$44,304$37,501$31,600$26,522$22,181$11,623
17 years$41,265$34,537$28,755$23,830$19,668$9,809
18 years$38,566$31,914$26,250$21,475$17,487$8,294
19 years$36,155$29,577$24,030$19,405$15,587$7,024
20 years$33,987$27,484$22,054$17,575$13,923$5,958
21 years$32,028$25,601$20,285$15,950$12,459$5,059
22 years$30,250$23,897$18,696$14,502$11,168$4,300
23 years$28,629$22,351$17,262$13,208$10,025$3,658
24 years$27,145$20,941$15,965$12,046$9,011$3,114
25 years$25,782$19,652$14,787$11,001$8,108$2,652
26 years$24,525$18,470$13,714$10,059$7,304$2,260
27 years$23,364$17,382$12,734$9,207$6,585$1,927
28 years$22,288$16,379$11,838$8,436$5,942$1,643
29 years$21,288$15,452$11,017$7,736$5,365$1,402
30 years$20,356$14,593$10,262$7,099$4,848$1,197
31 years$19,486$13,795$9,567$6,520$4,383$1,021
32 years$18,672$13,053$8,926$5,992$3,965$872
33 years$17,909$12,361$8,334$5,510$3,588$745
34 years$17,192$11,716$7,787$5,070$3,248$636
35 years$16,518$11,112$7,280$4,667$2,942$543
36 years$15,882$10,547$6,810$4,298$2,666$464
37 years$15,283$10,017$6,374$3,960$2,416$396
38 years$14,716$9,520$5,969$3,650$2,190$339
39 years$14,180$9,053$5,593$3,366$1,986$289
40 years$13,672$8,613$5,242$3,105$1,802$247
41 years$13,189$8,199$4,915$2,864$1,635$211
42 years$12,731$7,808$4,611$2,643$1,483$180
43 years$12,296$7,439$4,327$2,440$1,346$154
44 years$11,881$7,091$4,061$2,253$1,222$132
45 years$11,486$6,762$3,813$2,081$1,109$113
46 years$11,110$6,451$3,582$1,922$1,007$96
47 years$10,750$6,156$3,365$1,776$914$82
48 years$10,406$5,877$3,162$1,641$830$70
49 years$10,078$5,612$2,972$1,516$754$60
50 years$9,763$5,361$2,794$1,402$685$51

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 $6,833 every year, while hoping to spend $35,706 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: 51/38/11 Blend
52$10,000,000$10,000,000$10,000,000$10,000,000
53$11,027,048$10,497,048$10,342,048$11,556,967
54$12,113,816$10,973,413$10,650,516$12,396,056
55$13,310,238$11,471,922$10,968,121$13,303,381
56$14,627,460$11,993,624$11,295,131$14,288,915
57$16,077,766$12,539,617$11,631,822$15,360,031
58$17,674,689$13,111,049$11,978,479$16,524,825
59$19,433,144$13,709,127$12,335,395$17,792,194
60$21,369,564$14,335,113$12,702,870$19,171,912
61$23,502,057$14,990,332$13,081,214$20,674,718
62$25,850,577$15,676,168$13,470,745$22,312,416
63$28,437,113$16,394,078$13,871,792$24,097,981
64$31,285,894$17,145,583$14,284,692$26,045,676
65$34,423,618$17,932,279$14,709,792$28,171,181
66$37,879,707$18,755,841$15,147,450$30,491,741
67$41,686,580$19,618,020$15,598,033$33,026,315
68$45,879,964$20,520,656$16,061,920$35,795,760
69$50,499,226$21,465,673$16,539,499$38,823,011
70$55,587,746$22,455,091$17,031,172$42,133,300
71$61,193,330$23,491,024$17,537,350$45,754,385
72$67,368,656$24,575,691$18,058,458$49,716,805
73$74,171,774$25,711,415$18,594,931$54,054,160
74$81,666,653$26,900,632$19,147,219$58,803,424
75$89,923,784$28,145,896$19,715,784$64,005,287
76$99,020,848$29,449,882$20,301,100$69,704,526
77$109,043,444$30,815,396$20,903,656$75,950,424
78$120,085,902$32,245,377$21,523,956$82,797,226
79$132,252,173$33,742,909$22,162,517$90,304,641
80$145,656,804$35,311,221$22,819,871$98,538,397
81$160,426,027$36,953,701$23,496,566$107,570,851
82$176,698,947$38,673,897$24,193,166$117,481,660
83$194,628,852$40,475,530$24,910,250$128,358,526
84$214,384,666$42,362,502$25,648,414$140,298,010
85$236,152,539$44,338,902$26,408,273$153,406,433
86$260,137,605$46,409,015$27,190,457$167,800,863
87$286,565,918$48,577,335$27,995,615$183,610,214
88$315,686,590$50,848,572$28,824,416$200,976,444
89$347,774,135$53,227,665$29,677,547$220,055,884
90$383,131,067$55,719,790$30,555,715$241,020,695
91$422,090,750$58,330,374$31,459,646$264,060,483
92$465,020,551$61,065,107$32,390,088$289,384,066
93$512,325,303$63,929,953$33,347,812$317,221,435
94$564,451,128$66,931,165$34,333,608$347,825,903
95$621,889,650$70,075,299$35,348,290$381,476,477
96$685,182,632$73,369,227$36,392,696$418,480,476
97$754,927,097$76,820,155$37,467,688$459,176,406
98$831,780,956$80,435,638$38,574,150$503,937,141
99$916,469,224$84,223,595$39,712,995$553,173,415
100$1,009,790,864$88,192,330$40,885,159$607,337,677