Can I retire at age 53 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$867,080$859,357$851,821$844,466$837,285$831,311
2 years$429,248$421,253$413,506$405,993$398,707$392,684
3 years$283,323$275,294$267,565$260,124$252,956$247,069
4 years$210,374$202,370$194,719$187,405$180,410$174,706
5 years$166,617$158,661$151,110$143,945$137,145$131,639
6 years$137,455$129,558$122,119$115,114$108,518$103,218
7 years$116,633$108,803$101,482$94,641$88,254$83,162
8 years$101,023$93,264$86,065$79,392$73,216$68,332
9 years$88,889$81,203$74,127$67,625$61,658$56,981
10 years$79,187$71,577$64,626$58,293$52,536$48,063
11 years$71,255$63,720$56,896$50,732$45,183$40,911
12 years$64,649$57,192$50,493$44,499$39,154$35,081
13 years$59,064$51,685$45,113$39,286$34,143$30,263
14 years$54,281$46,980$40,534$34,874$29,930$26,238
15 years$50,139$42,917$36,597$31,101$26,353$22,844
16 years$46,519$39,376$33,180$27,848$23,290$19,960
17 years$43,328$36,264$30,193$25,021$20,651$17,493
18 years$40,494$33,509$27,562$22,549$18,362$15,371
19 years$37,962$31,056$25,232$20,375$16,366$13,537
20 years$35,686$28,859$23,156$18,453$14,619$11,945
21 years$33,630$26,881$21,299$16,748$13,082$10,558
22 years$31,762$25,092$19,631$15,227$11,726$9,346
23 years$30,060$23,468$18,125$13,868$10,526$8,284
24 years$28,502$21,988$16,763$12,648$9,461$7,350
25 years$27,071$20,635$15,526$11,551$8,514$6,529
26 years$25,752$19,393$14,399$10,562$7,669$5,804
27 years$24,532$18,251$13,371$9,668$6,914$5,164
28 years$23,402$17,198$12,430$8,858$6,239$4,597
29 years$22,352$16,225$11,567$8,123$5,633$4,096
30 years$21,373$15,322$10,775$7,454$5,090$3,651
31 years$20,460$14,485$10,045$6,846$4,602$3,255
32 years$19,605$13,706$9,372$6,292$4,163$2,904
33 years$18,804$12,979$8,751$5,786$3,767$2,592
34 years$18,051$12,301$8,176$5,324$3,411$2,314
35 years$17,344$11,668$7,644$4,901$3,089$2,066
36 years$16,676$11,074$7,151$4,513$2,799$1,846
37 years$16,047$10,518$6,693$4,158$2,537$1,649
38 years$15,452$9,996$6,268$3,833$2,300$1,474
39 years$14,889$9,505$5,872$3,534$2,086$1,317
40 years$14,355$9,043$5,504$3,260$1,892$1,178
41 years$13,849$8,608$5,161$3,008$1,716$1,053
42 years$13,368$8,198$4,841$2,776$1,557$942
43 years$12,911$7,811$4,543$2,562$1,413$842
44 years$12,475$7,446$4,264$2,366$1,283$753
45 years$12,061$7,100$4,004$2,185$1,165$674
46 years$11,665$6,773$3,761$2,018$1,057$603
47 years$11,288$6,464$3,533$1,865$960$539
48 years$10,927$6,171$3,320$1,723$872$483
49 years$10,582$5,893$3,121$1,592$792$432
50 years$10,252$5,629$2,934$1,472$719$386

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,500,000, adding $5,091 every year, while hoping to spend $52,763 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: 70/8/22 Blend
52$10,500,000$10,500,000$10,500,000$10,500,000
53$11,576,251$11,019,751$10,857,001$12,322,820
54$12,700,890$11,503,580$11,164,571$13,305,977
55$13,938,473$12,009,347$11,480,677$14,375,112
56$15,300,465$12,538,073$11,805,548$15,544,140
57$16,799,499$13,090,826$12,139,420$16,822,950
58$18,449,493$13,668,722$12,482,536$18,222,428
59$20,265,785$14,272,933$12,835,145$19,754,559
60$22,265,274$14,904,685$13,197,501$21,432,541
61$24,466,581$15,565,264$13,569,866$23,270,906
62$26,890,224$16,256,013$13,952,508$25,285,654
63$29,558,811$16,978,343$14,345,702$27,494,409
64$32,497,258$17,733,729$14,749,730$29,916,575
65$35,733,014$18,523,717$15,164,882$32,573,526
66$39,296,330$19,349,928$15,591,455$35,488,799
67$43,220,538$20,214,058$16,029,751$38,688,319
68$47,542,369$21,117,883$16,480,084$42,200,639
69$52,302,298$22,063,265$16,942,773$46,057,212
70$57,544,922$23,052,156$17,418,147$50,292,679
71$63,319,390$24,086,597$17,906,540$54,945,200
72$69,679,858$25,168,730$18,408,299$60,056,810
73$76,686,003$26,300,798$18,923,777$65,673,813
74$84,403,587$27,485,148$19,453,335$71,847,217
75$92,905,076$28,724,244$19,997,345$78,633,214
76$102,270,325$30,020,663$20,556,187$86,093,707
77$112,587,331$31,377,108$21,130,252$94,296,893
78$123,953,063$32,796,411$21,719,940$103,317,902
79$136,474,377$34,281,536$22,325,659$113,239,505
80$150,269,024$35,835,593$22,947,830$124,152,894
81$165,466,766$37,461,838$23,586,883$136,158,535
82$182,210,591$39,163,683$24,243,259$149,367,119
83$200,658,073$40,944,705$24,917,410$163,900,599
84$220,982,850$42,808,649$25,609,797$179,893,343
85$243,376,271$44,759,443$26,320,895$197,493,391
86$268,049,196$46,801,201$27,051,190$216,863,859
87$295,233,988$48,938,234$27,801,180$238,184,467
88$325,186,708$51,175,061$28,571,372$261,653,236
89$358,189,529$53,516,416$29,362,290$287,488,349
90$394,553,402$55,967,261$30,174,468$315,930,214
91$434,620,989$58,532,797$31,008,453$347,243,720
92$478,769,899$61,218,473$31,864,805$381,720,740
93$527,416,251$64,030,001$32,744,098$419,682,880
94$581,018,603$66,973,366$33,646,920$461,484,506
95$640,082,281$70,054,841$34,573,872$507,516,092
96$705,164,148$73,281,002$35,525,571$558,207,892
97$776,877,859$76,658,739$36,502,645$614,034,004
98$855,899,658$80,195,274$37,505,741$675,516,834
99$942,974,758$83,898,178$38,535,519$743,232,028
100$1,038,924,379$87,775,385$39,592,655$817,813,892