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%19.9%
1 years$858,822$851,172$843,709$836,424$829,311$796,407
2 years$425,160$417,241$409,567$402,127$394,910$362,168
3 years$280,624$272,672$265,017$257,647$250,547$218,998
4 years$208,371$200,443$192,865$185,620$178,692$148,575
5 years$165,030$157,149$149,671$142,574$135,839$107,232
6 years$136,145$128,324$120,956$114,017$107,485$80,405
7 years$115,522$107,767$100,515$93,740$87,414$61,852
8 years$100,061$92,376$85,245$78,636$72,518$48,448
9 years$88,043$80,430$73,421$66,981$61,071$38,456
10 years$78,433$70,895$64,010$57,738$52,035$30,832
11 years$70,576$63,114$56,354$50,249$44,752$24,910
12 years$64,033$56,647$50,013$44,075$38,781$20,248
13 years$58,502$51,193$44,683$38,912$33,818$16,536
14 years$53,764$46,533$40,148$34,542$29,645$13,557
15 years$49,662$42,508$36,248$30,805$26,102$11,149
16 years$46,076$39,001$32,864$27,583$23,069$9,191
17 years$42,915$35,918$29,905$24,783$20,454$7,592
18 years$40,109$33,190$27,299$22,334$18,187$6,282
19 years$37,601$30,760$24,991$20,181$16,210$5,205
20 years$35,346$28,584$22,936$18,278$14,479$4,318
21 years$33,309$26,625$21,097$16,588$12,957$3,585
22 years$31,460$24,853$19,444$15,082$11,615$2,979
23 years$29,774$23,245$17,953$13,736$10,426$2,477
24 years$28,230$21,779$16,603$12,528$9,371$2,060
25 years$26,813$20,438$15,378$11,441$8,432$1,715
26 years$25,506$19,209$14,262$10,461$7,596$1,428
27 years$24,299$18,078$13,244$9,575$6,848$1,189
28 years$23,179$17,034$12,312$8,773$6,179$990
29 years$22,139$16,070$11,457$8,045$5,580$825
30 years$21,170$15,176$10,672$7,383$5,042$688
31 years$20,265$14,347$9,949$6,781$4,558$573
32 years$19,418$13,575$9,283$6,232$4,123$478
33 years$18,625$12,856$8,667$5,731$3,731$398
34 years$17,880$12,184$8,098$5,273$3,378$332
35 years$17,178$11,557$7,571$4,854$3,060$277
36 years$16,518$10,969$7,083$4,470$2,772$231
37 years$15,894$10,418$6,629$4,119$2,513$192
38 years$15,305$9,901$6,208$3,796$2,278$160
39 years$14,747$9,415$5,816$3,501$2,066$134
40 years$14,218$8,957$5,452$3,229$1,874$112
41 years$13,717$8,527$5,112$2,979$1,700$93
42 years$13,241$8,120$4,795$2,749$1,543$78
43 years$12,788$7,737$4,500$2,538$1,400$65
44 years$12,357$7,375$4,224$2,343$1,271$54
45 years$11,946$7,033$3,966$2,164$1,154$45
46 years$11,554$6,709$3,725$1,999$1,047$38
47 years$11,180$6,402$3,499$1,847$951$31
48 years$10,823$6,112$3,288$1,707$864$26
49 years$10,481$5,837$3,091$1,577$784$22
50 years$10,154$5,575$2,906$1,458$713$18

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 $6,786 every year, while hoping to spend $37,962 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: 71/17/12 Blend
52$10,400,000$10,400,000$10,400,000$10,400,000
53$11,467,800$10,916,600$10,755,400$12,252,684
54$12,597,124$11,411,122$11,075,314$13,268,172
55$13,840,367$11,928,603$11,404,674$14,374,147
56$15,209,109$12,470,129$11,743,754$15,583,812
57$16,716,108$13,036,835$12,092,840$16,907,388
58$18,375,425$13,629,914$12,452,224$18,356,124
59$20,202,552$14,250,613$12,822,207$19,942,401
60$22,214,560$14,900,241$13,203,099$21,679,848
61$24,430,260$15,580,168$13,595,218$23,583,468
62$26,870,381$16,291,831$13,998,892$25,669,776
63$29,557,763$17,036,734$14,414,459$27,956,954
64$32,517,577$17,816,456$14,842,265$30,465,018
65$35,777,557$18,632,649$15,282,668$33,216,009
66$39,368,265$19,487,046$15,736,034$36,234,193
67$43,323,379$20,381,463$16,202,743$39,546,293
68$47,680,011$21,317,802$16,683,182$43,181,731
69$52,479,055$22,298,057$17,177,751$47,172,911
70$57,765,575$23,324,319$17,686,863$51,555,516
71$63,589,231$24,398,777$18,210,940$56,368,842
72$70,004,744$25,523,729$18,750,418$61,656,169
73$77,072,416$26,701,580$19,305,745$67,465,163
74$84,858,697$27,934,852$19,877,382$73,848,323
75$93,436,813$29,226,188$20,465,803$80,863,473
76$102,887,456$30,578,359$21,071,496$88,574,303
77$113,299,547$31,994,270$21,694,962$97,050,967
78$124,771,076$33,476,964$22,336,717$106,370,739
79$137,410,021$35,029,631$22,997,294$116,618,742
80$151,335,377$36,655,617$23,677,236$127,888,742
81$166,678,269$38,358,426$24,377,108$140,284,029
82$183,583,197$40,141,733$25,097,485$153,918,390
83$202,209,396$42,009,390$25,838,963$168,917,175
84$222,732,339$43,965,435$26,602,153$185,418,473
85$245,345,396$46,014,100$27,387,684$203,574,415
86$270,261,658$48,159,822$28,196,203$223,552,598
87$297,715,945$50,407,252$29,028,374$245,537,662
88$327,967,029$52,761,265$29,884,882$269,733,031
89$361,300,072$55,226,973$30,766,431$296,362,819
90$398,029,318$57,809,733$31,673,745$325,673,944
91$438,501,061$60,515,162$32,607,568$357,938,446
92$483,096,913$63,349,149$33,568,666$393,456,053
93$532,237,408$66,317,867$34,557,826$432,556,997
94$586,385,969$69,427,788$35,575,858$475,605,123
95$646,053,283$72,685,695$36,623,595$523,001,320
96$711,802,126$76,098,702$37,701,894$575,187,286
97$784,252,670$79,674,266$38,811,634$632,649,698
98$864,088,342$83,420,204$39,953,724$695,924,789
99$952,062,272$87,344,713$41,129,092$765,603,400
100$1,049,004,406$91,456,386$42,338,699$842,336,550