Can I retire at age 53 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$883,596$875,725$868,047$860,552$853,233$820,028
2 years$437,424$429,277$421,382$413,727$406,301$373,249
3 years$288,719$280,537$272,662$265,079$257,774$225,915
4 years$214,381$206,225$198,428$190,974$183,847$153,423
5 years$169,790$161,683$153,988$146,687$139,757$110,847
6 years$140,073$132,026$124,445$117,306$110,585$83,208
7 years$118,854$110,875$103,415$96,444$89,935$64,081
8 years$102,948$95,041$87,704$80,905$74,610$50,254
9 years$90,582$82,750$75,539$68,913$62,833$39,939
10 years$80,696$72,940$65,857$59,403$53,536$32,061
11 years$72,612$64,934$57,979$51,699$46,043$25,937
12 years$65,881$58,281$51,455$45,347$39,900$21,111
13 years$60,189$52,669$45,972$40,034$34,794$17,265
14 years$55,315$47,875$41,306$35,538$30,500$14,174
15 years$51,094$43,735$37,294$31,694$26,854$11,673
16 years$47,405$40,126$33,812$28,378$23,734$9,637
17 years$44,153$36,954$30,768$25,498$21,044$7,973
18 years$41,266$34,147$28,087$22,979$18,712$6,607
19 years$38,685$31,648$25,712$20,763$16,678$5,483
20 years$36,366$29,408$23,597$18,805$14,897$4,555
21 years$34,270$27,393$21,705$17,067$13,331$3,788
22 years$32,367$25,570$20,005$15,518$11,950$3,152
23 years$30,633$23,915$18,471$14,132$10,727$2,625
24 years$29,045$22,407$17,082$12,889$9,641$2,187
25 years$27,586$21,028$15,822$11,771$8,676$1,823
26 years$26,242$19,763$14,674$10,763$7,815$1,520
27 years$25,000$18,599$13,626$9,852$7,046$1,268
28 years$23,848$17,526$12,667$9,026$6,357$1,058
29 years$22,778$16,534$11,788$8,277$5,741$883
30 years$21,781$15,614$10,980$7,596$5,187$737
31 years$20,850$14,761$10,236$6,977$4,690$615
32 years$19,979$13,967$9,551$6,412$4,242$514
33 years$19,162$13,227$8,917$5,896$3,839$429
34 years$18,395$12,536$8,332$5,425$3,476$358
35 years$17,674$11,890$7,790$4,994$3,148$299
36 years$16,994$11,285$7,287$4,599$2,852$250
37 years$16,353$10,718$6,821$4,238$2,585$209
38 years$15,746$10,186$6,387$3,906$2,344$174
39 years$15,172$9,686$5,984$3,602$2,125$146
40 years$14,629$9,216$5,609$3,322$1,928$122
41 years$14,113$8,772$5,259$3,065$1,749$102
42 years$13,623$8,355$4,933$2,828$1,587$85
43 years$13,157$7,960$4,629$2,611$1,440$71
44 years$12,713$7,588$4,345$2,411$1,307$59
45 years$12,290$7,236$4,080$2,226$1,187$49
46 years$11,887$6,903$3,832$2,057$1,078$41
47 years$11,503$6,587$3,600$1,900$979$35
48 years$11,135$6,288$3,383$1,756$889$29
49 years$10,783$6,005$3,180$1,623$807$24
50 years$10,447$5,736$2,990$1,500$733$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,700,000, adding $2,003 every year, while hoping to spend $39,489 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: 50/26/24 Blend
52$10,700,000$10,700,000$10,700,000$10,700,000
53$11,793,466$11,226,366$11,060,516$12,303,381
54$12,954,384$11,734,442$11,389,027$13,166,267
55$14,232,391$12,266,090$11,727,220$14,099,432
56$15,639,391$12,822,424$12,075,378$15,112,878
57$17,188,495$13,404,610$12,433,790$16,214,221
58$18,894,157$14,013,870$12,802,756$17,411,833
59$20,772,297$14,651,486$13,182,585$18,714,912
60$22,840,462$15,318,800$13,573,592$20,133,570
61$25,117,985$16,017,217$13,976,104$21,678,926
62$27,626,172$16,748,213$14,390,456$23,363,202
63$30,388,498$17,513,332$14,816,992$25,199,842
64$33,430,831$18,314,191$15,256,067$27,203,628
65$36,781,677$19,152,488$15,708,047$29,390,820
66$40,472,448$20,030,000$16,173,307$31,779,304
67$44,537,757$20,948,590$16,652,232$34,388,756
68$49,015,747$21,910,209$17,145,221$37,240,824
69$53,948,450$22,916,906$17,652,682$40,359,326
70$59,382,180$23,970,822$18,175,035$43,770,472
71$65,367,977$25,074,207$18,712,713$47,503,105
72$71,962,082$26,229,415$19,266,161$51,588,967
73$79,226,474$27,438,916$19,835,837$56,062,995
74$87,229,448$28,705,296$20,422,211$60,963,641
75$96,046,264$30,031,268$21,025,767$66,333,235
76$105,759,856$31,419,674$21,647,004$72,218,372
77$116,461,617$32,873,493$22,286,434$78,670,349
78$128,252,256$34,395,849$22,944,584$85,745,640
79$141,242,755$35,990,014$23,621,996$93,506,423
80$155,555,410$37,659,419$24,319,227$102,021,157
81$171,324,993$39,407,661$25,036,852$111,365,225
82$188,700,014$41,238,509$25,775,459$121,621,631
83$207,844,134$43,155,915$26,535,655$132,881,780
84$228,937,701$45,164,020$27,318,065$145,246,328
85$252,179,456$47,267,166$28,123,329$158,826,126
86$277,788,408$49,469,905$28,952,109$173,743,252
87$306,005,903$51,777,007$29,805,082$190,132,159
88$337,097,900$54,193,475$30,682,946$208,140,926
89$371,357,480$56,724,550$31,586,420$227,932,651
90$409,107,620$59,375,729$32,516,241$249,686,974
91$450,704,231$62,152,774$33,473,169$273,601,765
92$496,539,527$65,061,724$34,457,985$299,894,973
93$547,045,722$68,108,913$35,471,491$328,806,676
94$602,699,113$71,300,977$36,514,513$360,601,327
95$664,024,574$74,644,876$37,587,901$395,570,243
96$731,600,512$78,147,906$38,692,526$434,034,331
97$806,064,326$81,817,715$39,829,288$476,347,108
98$888,118,427$85,662,323$40,999,109$522,898,019
99$978,536,866$89,690,136$42,202,939$574,116,095
100$1,078,172,642$93,909,969$43,441,753$630,473,983