Can I retire at age 53 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$875,338$867,541$859,934$852,509$845,259$817,547
2 years$433,336$425,265$417,444$409,860$402,504$374,850
3 years$286,021$277,916$270,114$262,601$255,365$228,636
4 years$212,378$204,297$196,574$189,189$182,129$156,529
5 years$168,204$160,172$152,549$145,316$138,451$114,050
6 years$138,764$130,792$123,282$116,210$109,552$86,369
7 years$117,743$109,839$102,448$95,543$89,095$67,127
8 years$101,985$94,152$86,884$80,148$73,913$53,144
9 years$89,736$81,977$74,833$68,269$62,245$42,652
10 years$79,942$72,258$65,241$58,848$53,036$34,587
11 years$71,933$64,327$57,438$51,216$45,613$28,273
12 years$65,265$57,737$50,974$44,923$39,527$23,259
13 years$59,627$52,177$45,542$39,660$34,468$19,231
14 years$54,798$47,428$40,920$35,206$30,215$15,966
15 years$50,617$43,326$36,945$31,398$26,603$13,299
16 years$46,962$39,751$33,496$28,113$23,512$11,108
17 years$43,741$36,609$30,480$25,259$20,848$9,298
18 years$40,880$33,828$27,824$22,764$18,537$7,798
19 years$38,324$31,352$25,472$20,569$16,522$6,550
20 years$36,026$29,134$23,377$18,629$14,758$5,509
21 years$33,950$27,137$21,502$16,907$13,207$4,638
22 years$32,065$25,331$19,818$15,373$11,838$3,909
23 years$30,346$23,692$18,298$14,000$10,626$3,296
24 years$28,773$22,198$16,923$12,769$9,551$2,782
25 years$27,328$20,831$15,674$11,661$8,595$2,348
26 years$25,997$19,578$14,537$10,662$7,742$1,984
27 years$24,766$18,425$13,499$9,760$6,980$1,676
28 years$23,625$17,362$12,549$8,942$6,298$1,417
29 years$22,565$16,379$11,678$8,200$5,687$1,198
30 years$21,577$15,468$10,877$7,525$5,139$1,013
31 years$20,655$14,623$10,141$6,912$4,646$857
32 years$19,792$13,836$9,461$6,352$4,202$725
33 years$18,983$13,103$8,834$5,841$3,803$613
34 years$18,223$12,419$8,254$5,374$3,443$519
35 years$17,509$11,779$7,717$4,947$3,119$439
36 years$16,835$11,180$7,219$4,556$2,826$372
37 years$16,200$10,618$6,757$4,198$2,561$315
38 years$15,599$10,091$6,328$3,869$2,322$266
39 years$15,031$9,596$5,928$3,568$2,106$225
40 years$14,492$9,130$5,556$3,291$1,910$191
41 years$13,981$8,690$5,210$3,036$1,733$162
42 years$13,495$8,277$4,887$2,802$1,572$137
43 years$13,034$7,886$4,586$2,587$1,427$116
44 years$12,594$7,517$4,305$2,388$1,295$98
45 years$12,176$7,168$4,042$2,206$1,176$83
46 years$11,776$6,838$3,796$2,037$1,068$70
47 years$11,395$6,526$3,567$1,882$969$60
48 years$11,031$6,230$3,352$1,739$880$50
49 years$10,683$5,949$3,150$1,607$800$43
50 years$10,349$5,683$2,962$1,486$726$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,600,000, adding $6,659 every year, while hoping to spend $56,196 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: 57/13/30 Blend
52$10,600,000$10,600,000$10,600,000$10,600,000
53$11,688,069$11,126,269$10,961,969$12,257,279
54$12,820,460$11,611,664$11,269,403$13,135,063
55$14,066,471$12,118,960$11,585,252$14,084,982
56$15,437,633$12,649,170$11,909,740$15,119,320
57$16,946,649$13,203,358$12,243,094$16,246,274
58$18,607,518$13,782,633$12,585,548$17,474,860
59$20,435,663$14,388,160$12,937,342$18,814,999
60$22,448,079$15,021,159$13,298,722$20,277,611
61$24,663,494$15,682,906$13,669,939$21,874,709
62$27,102,540$16,374,738$14,051,253$23,619,517
63$29,787,956$17,098,057$14,442,926$25,526,591
64$32,744,794$17,854,328$14,845,230$27,611,952
65$36,000,661$18,645,089$15,258,444$29,893,237
66$39,585,977$19,471,947$15,682,851$32,389,861
67$43,534,263$20,336,589$16,118,742$35,123,201
68$47,882,456$21,240,779$16,566,418$38,116,791
69$52,671,256$22,186,367$17,026,183$41,396,545
70$57,945,515$23,175,290$17,498,351$44,990,997
71$63,754,655$24,209,577$17,983,243$48,931,567
72$70,153,137$25,291,352$18,481,188$53,252,856
73$77,200,971$26,422,843$18,992,523$57,992,969
74$84,964,290$27,606,382$19,517,592$63,193,870
75$93,515,965$28,844,412$20,056,748$68,901,776
76$102,936,298$30,139,493$20,610,354$75,167,589
77$113,313,779$31,494,307$21,178,780$82,047,374
78$124,745,919$32,911,663$21,762,404$89,602,883
79$137,340,173$34,394,504$22,361,614$97,902,134
80$151,214,951$35,945,916$22,976,809$107,020,049
81$166,500,738$37,569,127$23,608,394$117,039,158
82$183,341,324$39,267,525$24,256,786$128,050,372
83$201,895,162$41,044,656$24,922,410$140,153,839
84$222,336,861$42,904,237$25,605,704$153,459,879
85$244,858,837$44,850,161$26,307,111$168,090,026
86$269,673,129$46,886,510$27,027,090$184,178,169
87$297,013,398$49,017,559$27,766,107$201,871,808
88$327,137,133$51,247,787$28,524,640$221,333,441
89$360,328,082$53,581,890$29,303,178$242,742,094
90$396,898,932$56,024,788$30,102,219$266,295,004
91$437,194,255$58,581,636$30,922,276$292,209,474
92$481,593,769$61,257,835$31,763,872$320,724,916
93$530,515,912$64,059,047$32,627,540$352,105,109
94$584,421,800$66,991,206$33,513,828$386,640,677
95$643,819,577$70,060,529$34,423,294$424,651,825
96$709,269,210$73,273,530$35,356,511$466,491,359
97$781,387,776$76,637,041$36,314,061$512,548,003
98$860,855,289$80,158,215$37,296,542$563,250,060
99$948,421,117$83,844,556$38,304,564$619,069,452
100$1,044,911,054$87,703,922$39,338,750$680,526,159