Can I retire at age 53 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$834,049$826,619$819,371$812,296$805,388$799,308
2 years$412,895$405,206$397,753$390,527$383,518$377,388
3 years$272,529$264,806$257,372$250,214$243,320$237,330
4 years$202,360$194,661$187,301$180,265$173,538$167,734
5 years$160,269$152,616$145,353$138,461$131,921$126,320
6 years$132,218$124,623$117,467$110,728$104,384$98,994
7 years$112,190$104,658$97,616$91,036$84,892$79,715
8 years$97,175$89,711$82,786$76,368$70,426$65,462
9 years$85,503$78,110$71,303$65,048$59,309$54,556
10 years$76,171$68,850$62,164$56,072$50,534$45,990
11 years$68,540$61,293$54,728$48,800$43,461$39,123
12 years$62,186$55,013$48,570$42,804$37,663$33,526
13 years$56,814$49,716$43,394$37,789$32,843$28,903
14 years$52,213$45,190$38,990$33,545$28,790$25,042
15 years$48,229$41,282$35,202$29,917$25,349$21,789
16 years$44,747$37,876$31,916$26,787$22,403$19,025
17 years$41,677$34,882$29,042$24,068$19,864$16,662
18 years$38,952$32,233$26,512$21,690$17,662$14,631
19 years$36,516$29,873$24,270$19,599$15,743$12,876
20 years$34,327$27,759$22,274$17,750$14,062$11,353
21 years$32,348$25,857$20,488$16,110$12,584$10,028
22 years$30,552$24,136$18,883$14,647$11,280$8,870
23 years$28,915$22,574$17,435$13,340$10,125$7,856
24 years$27,416$21,151$16,124$12,167$9,101$6,965
25 years$26,039$19,849$14,934$11,111$8,189$6,182
26 years$24,771$18,655$13,851$10,159$7,377$5,491
27 years$23,598$17,556$12,862$9,299$6,651$4,882
28 years$22,511$16,543$11,957$8,520$6,001$4,343
29 years$21,500$15,607$11,127$7,813$5,419$3,866
30 years$20,559$14,739$10,364$7,170$4,896$3,443
31 years$19,680$13,933$9,662$6,586$4,427$3,068
32 years$18,858$13,183$9,015$6,052$4,004$2,734
33 years$18,088$12,485$8,417$5,566$3,624$2,438
34 years$17,364$11,833$7,865$5,121$3,281$2,175
35 years$16,683$11,223$7,353$4,714$2,972$1,941
36 years$16,041$10,653$6,878$4,341$2,692$1,732
37 years$15,436$10,117$6,438$4,000$2,440$1,546
38 years$14,863$9,615$6,029$3,687$2,212$1,381
39 years$14,322$9,143$5,649$3,400$2,006$1,233
40 years$13,808$8,699$5,294$3,136$1,820$1,101
41 years$13,321$8,281$4,964$2,893$1,651$984
42 years$12,859$7,886$4,657$2,670$1,498$879
43 years$12,419$7,514$4,370$2,465$1,360$786
44 years$12,000$7,162$4,102$2,276$1,234$702
45 years$11,601$6,830$3,851$2,102$1,120$627
46 years$11,221$6,515$3,617$1,941$1,017$561
47 years$10,858$6,218$3,398$1,794$924$501
48 years$10,511$5,936$3,194$1,657$839$448
49 years$10,179$5,668$3,002$1,532$762$401
50 years$9,861$5,415$2,822$1,416$692$358

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,100,000, adding $2,324 every year, while hoping to spend $48,123 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: 58/23/19 Blend
52$10,100,000$10,100,000$10,100,000$10,100,000
53$11,132,597$10,597,297$10,440,747$11,722,334
54$12,216,920$11,065,362$10,739,310$12,591,063
55$13,410,230$11,554,750$11,046,261$13,532,252
56$14,723,594$12,066,453$11,361,832$14,557,256
57$16,169,206$12,601,514$11,686,258$15,674,165
58$17,760,500$13,161,023$12,019,782$16,891,877
59$19,512,279$13,746,122$12,362,654$18,220,180
60$21,440,857$14,358,008$12,715,128$19,669,837
61$23,564,207$14,997,933$13,077,468$21,252,692
62$25,902,135$15,667,210$13,449,942$22,981,774
63$28,476,465$16,367,215$13,832,826$24,871,416
64$31,311,243$17,099,388$14,226,405$26,937,394
65$34,432,970$17,865,238$14,630,970$29,197,064
66$37,870,845$18,666,346$15,046,819$31,669,532
67$41,657,042$19,504,368$15,474,259$34,375,821
68$45,827,018$20,381,040$15,913,604$37,339,075
69$50,419,841$21,298,178$16,365,177$40,584,767
70$55,478,565$22,257,689$16,829,310$44,140,938
71$61,050,629$23,261,566$17,306,342$48,038,460
72$67,188,310$24,311,900$17,796,622$52,311,318
73$73,949,217$25,410,882$18,300,508$56,996,933
74$81,396,829$26,560,807$18,818,367$62,136,503
75$89,601,098$27,764,079$19,350,574$67,775,394
76$98,639,108$29,023,217$19,897,518$73,963,560
77$108,595,805$30,340,863$20,459,592$80,756,007
78$119,564,794$31,719,782$21,037,205$88,213,313
79$131,649,224$33,162,872$21,630,773$96,402,189
80$144,962,764$34,673,172$22,240,723$105,396,103
81$159,630,673$36,253,864$22,867,493$115,275,970
82$175,790,982$37,908,284$23,511,535$126,130,908
83$193,595,798$39,639,926$24,173,308$138,059,073
84$213,212,742$41,452,455$24,853,286$151,168,576
85$234,826,524$43,349,708$25,551,953$165,578,499
86$258,640,694$45,335,708$26,269,808$181,420,011
87$284,879,557$47,414,670$27,007,359$198,837,598
88$313,790,297$49,591,013$27,765,130$217,990,417
89$345,645,302$51,869,368$28,543,657$239,053,791
90$380,744,741$54,254,586$29,343,489$262,220,856
91$419,419,398$56,751,754$30,165,189$287,704,373
92$462,033,789$59,366,202$31,009,335$315,738,726
93$508,989,606$62,103,516$31,876,518$346,582,125
94$560,729,510$64,969,553$32,767,346$380,519,033
95$617,741,308$67,970,449$33,682,440$417,862,841
96$680,562,557$71,112,637$34,622,437$458,958,810
97$749,785,640$74,402,858$35,587,991$504,187,324
98$826,063,357$77,848,180$36,579,770$553,967,463
99$910,115,088$81,456,009$37,598,461$608,760,949
100$1,002,733,584$85,234,110$38,644,766$669,076,487