Can I retire at age 53 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$850,564$842,988$835,596$828,381$821,336$804,096
2 years$421,071$413,229$405,629$398,260$391,113$373,824
3 years$277,926$270,050$262,469$255,169$248,138$231,341
4 years$206,367$198,515$191,010$183,835$176,974$160,798
5 years$163,443$155,638$148,232$141,203$134,533$119,024
6 years$134,836$127,090$119,793$112,921$106,451$91,626
7 years$114,411$106,730$99,549$92,839$86,573$72,434
8 years$99,099$91,488$84,425$77,880$71,821$58,364
9 years$87,196$79,656$72,715$66,337$60,484$47,699
10 years$77,679$70,213$63,395$57,183$51,535$39,410
11 years$69,898$62,507$55,812$49,766$44,322$32,842
12 years$63,418$56,103$49,532$43,652$38,408$27,555
13 years$57,939$50,700$44,253$38,538$33,493$23,248
14 years$53,247$46,085$39,762$34,210$29,360$19,703
15 years$49,184$42,100$35,900$30,509$25,851$16,762
16 years$45,633$38,626$32,548$27,317$22,847$14,304
17 years$42,503$35,573$29,618$24,544$20,258$12,238
18 years$39,723$32,871$27,037$22,120$18,012$10,494
19 years$37,239$30,464$24,751$19,987$16,055$9,015
20 years$35,006$28,309$22,715$18,102$14,340$7,757
21 years$32,989$26,369$20,894$16,429$12,833$6,683
22 years$31,157$24,614$19,257$14,937$11,503$5,765
23 years$29,487$23,021$17,780$13,604$10,326$4,977
24 years$27,959$21,569$16,444$12,407$9,281$4,301
25 years$26,555$20,242$15,230$11,331$8,351$3,720
26 years$25,261$19,024$14,125$10,361$7,523$3,219
27 years$24,065$17,904$13,116$9,483$6,782$2,787
28 years$22,956$16,871$12,193$8,689$6,120$2,414
29 years$21,926$15,916$11,347$7,968$5,526$2,092
30 years$20,966$15,031$10,569$7,312$4,993$1,813
31 years$20,070$14,209$9,854$6,716$4,514$1,572
32 years$19,232$13,444$9,194$6,172$4,083$1,364
33 years$18,446$12,732$8,584$5,676$3,696$1,183
34 years$17,708$12,067$8,020$5,222$3,346$1,027
35 years$17,013$11,446$7,499$4,807$3,030$891
36 years$16,359$10,863$7,015$4,427$2,746$773
37 years$15,741$10,318$6,566$4,079$2,489$671
38 years$15,158$9,806$6,148$3,760$2,256$583
39 years$14,605$9,324$5,760$3,467$2,046$506
40 years$14,082$8,871$5,399$3,198$1,856$439
41 years$13,585$8,445$5,063$2,950$1,684$382
42 years$13,113$8,042$4,749$2,723$1,528$331
43 years$12,665$7,663$4,456$2,513$1,386$288
44 years$12,238$7,304$4,183$2,321$1,258$250
45 years$11,831$6,965$3,928$2,143$1,142$217
46 years$11,443$6,644$3,689$1,980$1,037$189
47 years$11,073$6,341$3,466$1,829$942$164
48 years$10,719$6,053$3,257$1,690$855$142
49 years$10,380$5,780$3,061$1,562$777$124
50 years$10,056$5,522$2,878$1,444$706$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,300,000, adding $5,476 every year, while hoping to spend $42,451 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: 65/10/25 Blend
52$10,300,000$10,300,000$10,300,000$10,300,000
53$11,356,248$10,810,348$10,650,698$12,019,911
54$12,469,418$11,294,888$10,962,329$12,952,664
55$13,694,709$11,801,747$11,282,977$13,966,470
56$15,043,511$12,331,975$11,612,899$15,073,598
57$16,528,377$12,886,670$11,952,359$16,283,224
58$18,163,139$13,466,984$12,301,630$17,605,445
59$19,963,035$14,074,122$12,660,991$19,051,378
60$21,944,859$14,709,348$13,030,729$20,633,257
61$24,127,116$15,373,987$13,411,139$22,364,553
62$26,530,194$16,069,426$13,802,525$24,260,095
63$29,176,564$16,797,117$14,205,199$26,336,210
64$32,090,982$17,558,585$14,619,482$28,610,876
65$35,300,731$18,355,424$15,045,704$31,103,887
66$38,835,873$19,189,307$15,484,202$33,837,040
67$42,729,535$20,061,987$15,935,326$36,834,337
68$47,018,222$20,975,298$16,399,433$40,122,213
69$51,742,158$21,931,165$16,876,892$43,729,777
70$56,945,670$22,931,604$17,368,080$47,689,090
71$62,677,603$23,978,728$17,873,385$52,035,461
72$68,991,783$25,074,750$18,393,208$56,807,782
73$75,947,523$26,221,990$18,927,959$62,048,888
74$83,610,184$27,422,881$19,478,058$67,805,961
75$92,051,790$28,679,970$20,043,941$74,130,973
76$101,351,711$29,995,927$20,626,052$81,081,171
77$111,597,410$31,373,551$21,224,848$88,719,615
78$122,885,266$32,815,776$21,840,801$97,115,774
79$135,321,488$34,325,674$22,474,393$106,346,171
80$149,023,116$35,906,468$23,126,121$116,495,108
81$164,119,123$37,561,534$23,796,495$127,655,456
82$180,751,636$39,294,411$24,486,040$139,929,526
83$199,077,274$41,108,809$25,195,294$153,430,035
84$219,268,630$43,008,615$25,924,811$168,281,160
85$241,515,897$44,997,904$26,675,159$184,619,712
86$266,028,664$47,080,946$27,446,922$202,596,418
87$293,037,895$49,262,220$28,240,701$222,377,344
88$322,798,108$51,546,416$29,057,112$244,145,452
89$355,589,779$53,938,454$29,896,789$268,102,327
90$391,721,987$56,443,490$30,760,382$294,470,072
91$431,535,335$59,066,926$31,648,560$323,493,401
92$475,405,163$61,814,429$32,562,010$355,441,941
93$523,745,089$64,691,936$33,501,438$390,612,773
94$577,010,919$67,705,671$34,467,566$429,333,231
95$635,704,944$70,862,160$35,461,141$471,963,983
96$700,380,685$74,168,243$36,482,927$518,902,432
97$771,648,118$77,631,090$37,533,708$570,586,459
98$850,179,430$81,258,217$38,614,291$627,498,549
99$936,715,367$85,057,505$39,725,504$690,170,338
100$1,032,072,224$89,037,213$40,868,199$759,187,628