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%19.1%
1 years$875,338$867,541$859,934$852,509$845,259$814,297
2 years$433,336$425,265$417,444$409,860$402,504$371,655
3 years$286,021$277,916$270,114$262,601$255,365$225,599
4 years$212,378$204,297$196,574$189,189$182,129$153,673
5 years$168,204$160,172$152,549$145,316$138,451$111,380
6 years$138,764$130,792$123,282$116,210$109,552$83,884
7 years$117,743$109,839$102,448$95,543$89,095$64,825
8 years$101,985$94,152$86,884$80,148$73,913$51,019
9 years$89,736$81,977$74,833$68,269$62,245$40,696
10 years$79,942$72,258$65,241$58,848$53,036$32,794
11 years$71,933$64,327$57,438$51,216$45,613$26,634
12 years$65,265$57,737$50,974$44,923$39,527$21,765
13 years$59,627$52,177$45,542$39,660$34,468$17,873
14 years$54,798$47,428$40,920$35,206$30,215$14,735
15 years$50,617$43,326$36,945$31,398$26,603$12,187
16 years$46,962$39,751$33,496$28,113$23,512$10,106
17 years$43,741$36,609$30,480$25,259$20,848$8,398
18 years$40,880$33,828$27,824$22,764$18,537$6,990
19 years$38,324$31,352$25,472$20,569$16,522$5,827
20 years$36,026$29,134$23,377$18,629$14,758$4,864
21 years$33,950$27,137$21,502$16,907$13,207$4,063
22 years$32,065$25,331$19,818$15,373$11,838$3,397
23 years$30,346$23,692$18,298$14,000$10,626$2,843
24 years$28,773$22,198$16,923$12,769$9,551$2,380
25 years$27,328$20,831$15,674$11,661$8,595$1,993
26 years$25,997$19,578$14,537$10,662$7,742$1,670
27 years$24,766$18,425$13,499$9,760$6,980$1,400
28 years$23,625$17,362$12,549$8,942$6,298$1,174
29 years$22,565$16,379$11,678$8,200$5,687$984
30 years$21,577$15,468$10,877$7,525$5,139$826
31 years$20,655$14,623$10,141$6,912$4,646$693
32 years$19,792$13,836$9,461$6,352$4,202$581
33 years$18,983$13,103$8,834$5,841$3,803$488
34 years$18,223$12,419$8,254$5,374$3,443$409
35 years$17,509$11,779$7,717$4,947$3,119$343
36 years$16,835$11,180$7,219$4,556$2,826$288
37 years$16,200$10,618$6,757$4,198$2,561$242
38 years$15,599$10,091$6,328$3,869$2,322$203
39 years$15,031$9,596$5,928$3,568$2,106$171
40 years$14,492$9,130$5,556$3,291$1,910$143
41 years$13,981$8,690$5,210$3,036$1,733$120
42 years$13,495$8,277$4,887$2,802$1,572$101
43 years$13,034$7,886$4,586$2,587$1,427$85
44 years$12,594$7,517$4,305$2,388$1,295$71
45 years$12,176$7,168$4,042$2,206$1,176$60
46 years$11,776$6,838$3,796$2,037$1,068$50
47 years$11,395$6,526$3,567$1,882$969$42
48 years$11,031$6,230$3,352$1,739$880$35
49 years$10,683$5,949$3,150$1,607$800$30
50 years$10,349$5,683$2,962$1,486$726$25

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 $2,318 every year, while hoping to spend $45,793 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: 65/20/15 Blend
52$10,600,000$10,600,000$10,600,000$10,600,000
53$11,683,591$11,121,791$10,957,491$12,400,799
54$12,826,594$11,618,035$11,275,844$13,377,143
55$14,084,648$12,137,061$11,603,326$14,438,072
56$15,469,441$12,679,936$11,940,196$15,596,246
57$16,993,850$13,247,778$12,286,719$16,861,165
58$18,672,064$13,841,760$12,643,165$18,243,282
59$20,519,718$14,463,110$13,009,815$19,754,097
60$22,554,041$15,113,114$13,386,955$21,406,265
61$24,794,016$15,793,120$13,774,881$23,213,712
62$27,260,561$16,504,539$14,173,895$25,191,766
63$29,976,727$17,248,850$14,584,309$27,357,296
64$32,967,913$18,027,604$15,006,444$29,728,872
65$36,262,108$18,842,423$15,440,627$32,326,931
66$39,890,151$19,695,010$15,887,196$35,173,976
67$43,886,028$20,587,147$16,346,499$38,294,777
68$48,287,187$21,520,702$16,818,891$41,716,606
69$53,134,896$22,497,632$17,304,739$45,469,490
70$58,474,627$23,519,987$17,804,419$49,586,491
71$64,356,489$24,589,917$18,318,318$54,104,012
72$70,835,701$25,709,673$18,846,832$59,062,140
73$77,973,110$26,881,615$19,390,368$64,505,019
74$85,835,769$28,108,215$19,949,347$70,481,262
75$94,497,565$29,392,065$20,524,198$77,044,406
76$104,039,920$30,735,880$21,115,362$84,253,411
77$114,552,559$32,142,505$21,723,294$92,173,216
78$126,134,355$33,614,923$22,348,459$100,875,340
79$138,894,263$35,156,259$22,991,337$110,438,559
80$152,952,350$36,769,787$23,652,418$120,949,639
81$168,440,924$38,458,941$24,332,208$132,504,152
82$185,505,786$40,227,317$25,031,225$145,207,371
83$204,307,607$42,078,686$25,750,002$159,175,258
84$225,023,441$44,017,000$26,489,085$174,535,550
85$247,848,399$46,046,400$27,249,036$191,428,962
86$272,997,488$48,171,225$28,030,431$210,010,505
87$300,707,643$50,396,027$28,833,862$230,450,940
88$331,239,963$52,725,573$29,659,937$252,938,389
89$364,882,175$55,164,861$30,509,280$277,680,094
90$401,951,347$57,719,130$31,382,532$304,904,373
91$442,796,888$60,393,871$32,280,350$334,862,759
92$487,803,839$63,194,839$33,203,410$367,832,370
93$537,396,511$66,128,066$34,152,405$404,118,515
94$592,042,491$69,199,878$35,128,046$444,057,563
95$652,257,055$72,416,901$36,131,065$488,020,110
96$718,608,030$75,786,085$37,162,212$536,414,465
97$791,721,158$79,314,713$38,222,255$589,690,497
98$872,286,002$83,010,419$39,311,986$648,343,862
99$961,062,452$86,881,208$40,432,216$712,920,675
100$1,058,887,904$90,935,468$41,583,776$784,022,653