Can I retire at age 53 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$858,822$851,172$843,709$836,424$829,311$799,250
2 years$425,160$417,241$409,567$402,127$394,910$364,954
3 years$280,624$272,672$265,017$257,647$250,547$221,638
4 years$208,371$200,443$192,865$185,620$178,692$151,051
5 years$165,030$157,149$149,671$142,574$135,839$109,537
6 years$136,145$128,324$120,956$114,017$107,485$82,542
7 years$115,522$107,767$100,515$93,740$87,414$63,824
8 years$100,061$92,376$85,245$78,636$72,518$50,261
9 years$88,043$80,430$73,421$66,981$61,071$40,116
10 years$78,433$70,895$64,010$57,738$52,035$32,347
11 years$70,576$63,114$56,354$50,249$44,752$26,288
12 years$64,033$56,647$50,013$44,075$38,781$21,497
13 years$58,502$51,193$44,683$38,912$33,818$17,665
14 years$53,764$46,533$40,148$34,542$29,645$14,574
15 years$49,662$42,508$36,248$30,805$26,102$12,062
16 years$46,076$39,001$32,864$27,583$23,069$10,009
17 years$42,915$35,918$29,905$24,783$20,454$8,324
18 years$40,109$33,190$27,299$22,334$18,187$6,934
19 years$37,601$30,760$24,991$20,181$16,210$5,785
20 years$35,346$28,584$22,936$18,278$14,479$4,832
21 years$33,309$26,625$21,097$16,588$12,957$4,040
22 years$31,460$24,853$19,444$15,082$11,615$3,380
23 years$29,774$23,245$17,953$13,736$10,426$2,831
24 years$28,230$21,779$16,603$12,528$9,371$2,372
25 years$26,813$20,438$15,378$11,441$8,432$1,988
26 years$25,506$19,209$14,262$10,461$7,596$1,667
27 years$24,299$18,078$13,244$9,575$6,848$1,398
28 years$23,179$17,034$12,312$8,773$6,179$1,173
29 years$22,139$16,070$11,457$8,045$5,580$985
30 years$21,170$15,176$10,672$7,383$5,042$827
31 years$20,265$14,347$9,949$6,781$4,558$694
32 years$19,418$13,575$9,283$6,232$4,123$583
33 years$18,625$12,856$8,667$5,731$3,731$490
34 years$17,880$12,184$8,098$5,273$3,378$411
35 years$17,178$11,557$7,571$4,854$3,060$345
36 years$16,518$10,969$7,083$4,470$2,772$290
37 years$15,894$10,418$6,629$4,119$2,513$244
38 years$15,305$9,901$6,208$3,796$2,278$205
39 years$14,747$9,415$5,816$3,501$2,066$172
40 years$14,218$8,957$5,452$3,229$1,874$145
41 years$13,717$8,527$5,112$2,979$1,700$121
42 years$13,241$8,120$4,795$2,749$1,543$102
43 years$12,788$7,737$4,500$2,538$1,400$86
44 years$12,357$7,375$4,224$2,343$1,271$72
45 years$11,946$7,033$3,966$2,164$1,154$61
46 years$11,554$6,709$3,725$1,999$1,047$51
47 years$11,180$6,402$3,499$1,847$951$43
48 years$10,823$6,112$3,288$1,707$864$36
49 years$10,481$5,837$3,091$1,577$784$30
50 years$10,154$5,575$2,906$1,458$713$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,400,000, adding $4,845 every year, while hoping to spend $32,222 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: 30/41/29 Blend
52$10,400,000$10,400,000$10,400,000$10,400,000
53$11,465,798$10,914,598$10,753,398$11,707,505
54$12,601,025$11,415,129$11,079,352$12,398,151
55$13,850,966$11,939,106$11,415,147$13,137,446
56$15,227,286$12,487,645$11,761,076$13,932,126
57$16,742,843$13,061,912$12,117,446$14,787,035
58$18,411,800$13,663,134$12,484,568$15,707,475
59$20,249,769$14,292,593$12,862,766$16,699,257
60$22,273,950$14,951,634$13,252,373$17,768,745
61$24,503,296$15,641,667$13,653,731$18,922,915
62$26,958,694$16,364,171$14,067,192$20,169,413
63$29,663,158$17,120,692$14,493,121$21,516,622
64$32,642,050$17,912,856$14,931,890$22,973,737
65$35,923,316$18,742,363$15,383,886$24,550,846
66$39,537,753$19,610,997$15,849,504$26,259,014
67$43,519,295$20,520,627$16,329,154$28,110,387
68$47,905,338$21,473,213$16,823,255$30,118,298
69$52,737,090$22,470,809$17,332,242$32,297,383
70$58,059,962$23,515,567$17,856,561$34,663,714
71$63,923,993$24,609,744$18,396,670$37,234,943
72$70,384,325$25,755,706$18,953,043$40,030,460
73$77,501,723$26,955,933$19,526,168$43,071,565
74$85,343,150$28,213,024$20,116,545$46,381,666
75$93,982,393$29,529,705$20,724,692$49,986,483
76$103,500,769$30,908,832$21,351,140$53,914,288
77$113,987,882$32,353,399$21,996,438$58,196,156
78$125,542,476$33,866,547$22,661,149$62,866,251
79$138,273,366$35,451,565$23,345,855$67,962,138
80$152,300,462$37,111,904$24,051,154$73,525,121
81$167,755,903$38,851,181$24,777,661$79,600,627
82$184,785,303$40,673,187$25,526,011$86,238,616
83$203,549,129$42,581,898$26,296,858$93,494,044
84$224,224,211$44,581,482$27,090,873$101,427,366
85$247,005,413$46,676,307$27,908,749$110,105,089
86$272,107,472$48,870,953$28,751,200$119,600,391
87$299,767,028$51,170,224$29,618,959$129,993,790
88$330,244,854$53,579,153$30,512,783$141,373,890
89$363,828,318$56,103,021$31,433,450$153,838,198
90$400,834,097$58,747,360$32,381,761$167,494,029
91$441,611,168$61,517,973$33,358,543$182,459,497
92$486,544,098$64,420,945$34,364,645$198,864,612
93$536,056,677$67,462,652$35,400,942$216,852,485
94$590,615,919$70,649,783$36,468,335$236,580,656
95$650,736,471$73,989,350$37,567,751$258,222,561
96$716,985,466$77,488,704$38,700,147$281,969,145
97$789,987,887$81,155,553$39,866,504$308,030,635
98$870,432,456$84,997,980$41,067,837$336,638,504
99$959,078,144$89,024,459$42,305,187$368,047,624
100$1,056,761,332$93,243,875$43,579,628$402,538,647