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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$875,338$867,541$859,934$852,509$845,259$833,660
2 years$433,336$425,265$417,444$409,860$402,504$390,839
3 years$286,021$277,916$270,114$262,601$255,365$243,997
4 years$212,378$204,297$196,574$189,189$182,129$171,144
5 years$168,204$160,172$152,549$145,316$138,451$127,882
6 years$138,764$130,792$123,282$116,210$109,552$99,411
7 years$117,743$109,839$102,448$95,543$89,095$79,386
8 years$101,985$94,152$86,884$80,148$73,913$64,635
9 years$89,736$81,977$74,833$68,269$62,245$53,394
10 years$79,942$72,258$65,241$58,848$53,036$44,605
11 years$71,933$64,327$57,438$51,216$45,613$37,593
12 years$65,265$57,737$50,974$44,923$39,527$31,910
13 years$59,627$52,177$45,542$39,660$34,468$27,244
14 years$54,798$47,428$40,920$35,206$30,215$23,372
15 years$50,617$43,326$36,945$31,398$26,603$20,130
16 years$46,962$39,751$33,496$28,113$23,512$17,396
17 years$43,741$36,609$30,480$25,259$20,848$15,077
18 years$40,880$33,828$27,824$22,764$18,537$13,098
19 years$38,324$31,352$25,472$20,569$16,522$11,402
20 years$36,026$29,134$23,377$18,629$14,758$9,944
21 years$33,950$27,137$21,502$16,907$13,207$8,685
22 years$32,065$25,331$19,818$15,373$11,838$7,596
23 years$30,346$23,692$18,298$14,000$10,626$6,650
24 years$28,773$22,198$16,923$12,769$9,551$5,829
25 years$27,328$20,831$15,674$11,661$8,595$5,113
26 years$25,997$19,578$14,537$10,662$7,742$4,488
27 years$24,766$18,425$13,499$9,760$6,980$3,943
28 years$23,625$17,362$12,549$8,942$6,298$3,466
29 years$22,565$16,379$11,678$8,200$5,687$3,048
30 years$21,577$15,468$10,877$7,525$5,139$2,681
31 years$20,655$14,623$10,141$6,912$4,646$2,360
32 years$19,792$13,836$9,461$6,352$4,202$2,078
33 years$18,983$13,103$8,834$5,841$3,803$1,830
34 years$18,223$12,419$8,254$5,374$3,443$1,612
35 years$17,509$11,779$7,717$4,947$3,119$1,420
36 years$16,835$11,180$7,219$4,556$2,826$1,252
37 years$16,200$10,618$6,757$4,198$2,561$1,103
38 years$15,599$10,091$6,328$3,869$2,322$973
39 years$15,031$9,596$5,928$3,568$2,106$857
40 years$14,492$9,130$5,556$3,291$1,910$756
41 years$13,981$8,690$5,210$3,036$1,733$667
42 years$13,495$8,277$4,887$2,802$1,572$588
43 years$13,034$7,886$4,586$2,587$1,427$519
44 years$12,594$7,517$4,305$2,388$1,295$458
45 years$12,176$7,168$4,042$2,206$1,176$404
46 years$11,776$6,838$3,796$2,037$1,068$356
47 years$11,395$6,526$3,567$1,882$969$314
48 years$11,031$6,230$3,352$1,739$880$277
49 years$10,683$5,949$3,150$1,607$800$245
50 years$10,349$5,683$2,962$1,486$726$216

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 $6,176 every year, while hoping to spend $45,590 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: 58/34/8 Blend
52$10,600,000$10,600,000$10,600,000$10,600,000
53$11,687,571$11,125,771$10,961,471$12,344,139
54$12,831,195$11,622,426$11,280,172$13,282,894
55$14,089,942$12,141,889$11,608,023$14,299,933
56$15,475,504$12,685,230$11,945,280$15,407,325
57$17,000,769$13,253,569$12,292,210$16,613,728
58$18,679,933$13,848,080$12,649,084$17,928,659
59$20,528,642$14,469,992$13,016,185$19,362,579
60$22,564,135$15,120,593$13,393,799$20,926,989
61$24,805,408$15,801,234$13,782,222$22,634,538
62$27,273,392$16,513,327$14,181,759$24,499,133
63$29,991,153$17,258,354$14,592,723$26,536,070
64$32,984,105$18,037,868$15,015,433$28,762,175
65$36,280,254$18,853,494$15,450,221$31,195,955
66$39,910,462$19,706,937$15,897,425$33,857,771
67$43,908,734$20,599,982$16,357,394$36,770,024
68$48,312,543$21,534,499$16,830,484$39,957,362
69$53,163,181$22,512,449$17,317,065$43,446,907
70$58,506,152$23,535,885$17,817,513$47,268,507
71$64,391,596$24,606,960$18,332,216$51,455,010
72$70,874,767$25,727,929$18,861,573$56,042,568
73$78,016,550$26,901,154$19,405,993$61,070,976
74$85,884,041$28,129,114$19,965,896$66,584,034
75$94,551,175$29,414,402$20,541,716$72,629,962
76$104,099,426$30,759,739$21,133,894$79,261,841
77$114,618,575$32,167,974$21,742,887$86,538,111
78$126,207,559$33,642,094$22,369,164$94,523,111
79$138,975,404$35,185,230$23,013,204$103,287,683
80$153,042,250$36,800,662$23,675,502$112,909,828
81$168,540,493$38,491,827$24,356,564$123,475,434
82$185,616,026$40,262,330$25,056,912$135,079,082
83$204,429,622$42,115,946$25,777,080$147,824,920
84$225,158,450$44,056,633$26,517,618$161,827,645
85$247,997,743$46,088,539$27,279,090$177,213,570
86$273,162,648$48,216,012$28,062,074$194,121,806
87$300,890,250$50,443,610$28,867,167$212,705,564
88$331,441,817$52,776,107$29,694,977$233,133,589
89$365,105,256$55,218,511$30,546,134$255,591,739
90$402,197,843$57,776,069$31,421,280$280,284,727
91$443,069,207$60,454,280$32,321,076$307,438,040
92$488,104,636$63,258,909$33,246,202$337,300,052
93$537,728,713$66,196,001$34,197,355$370,144,351
94$592,409,325$69,271,888$35,175,249$406,272,311
95$652,662,076$72,493,210$36,180,620$446,015,915
96$719,055,158$75,866,928$37,214,221$489,740,873
97$792,214,713$79,400,336$38,276,826$537,850,058
98$872,830,745$83,101,084$39,369,231$590,787,284
99$961,663,631$86,977,187$40,492,250$649,041,483
100$1,059,551,302$91,037,050$41,646,721$713,151,294