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%13.6%
1 years$883,596$875,725$868,047$860,552$853,233$840,482
2 years$437,424$429,277$421,382$413,727$406,301$393,484
3 years$288,719$280,537$272,662$265,079$257,774$245,289
4 years$214,381$206,225$198,428$190,974$183,847$171,790
5 years$169,790$161,683$153,988$146,687$139,757$128,164
6 years$140,073$132,026$124,445$117,306$110,585$99,468
7 years$118,854$110,875$103,415$96,444$89,935$79,299
8 years$102,948$95,041$87,704$80,905$74,610$64,452
9 years$90,582$82,750$75,539$68,913$62,833$53,148
10 years$80,696$72,940$65,857$59,403$53,536$44,319
11 years$72,612$64,934$57,979$51,699$46,043$37,282
12 years$65,881$58,281$51,455$45,347$39,900$31,586
13 years$60,189$52,669$45,972$40,034$34,794$26,914
14 years$55,315$47,875$41,306$35,538$30,500$23,042
15 years$51,094$43,735$37,294$31,694$26,854$19,806
16 years$47,405$40,126$33,812$28,378$23,734$17,080
17 years$44,153$36,954$30,768$25,498$21,044$14,771
18 years$41,266$34,147$28,087$22,979$18,712$12,805
19 years$38,685$31,648$25,712$20,763$16,678$11,123
20 years$36,366$29,408$23,597$18,805$14,897$9,678
21 years$34,270$27,393$21,705$17,067$13,331$8,434
22 years$32,367$25,570$20,005$15,518$11,950$7,359
23 years$30,633$23,915$18,471$14,132$10,727$6,429
24 years$29,045$22,407$17,082$12,889$9,641$5,621
25 years$27,586$21,028$15,822$11,771$8,676$4,919
26 years$26,242$19,763$14,674$10,763$7,815$4,308
27 years$25,000$18,599$13,626$9,852$7,046$3,775
28 years$23,848$17,526$12,667$9,026$6,357$3,310
29 years$22,778$16,534$11,788$8,277$5,741$2,904
30 years$21,781$15,614$10,980$7,596$5,187$2,549
31 years$20,850$14,761$10,236$6,977$4,690$2,237
32 years$19,979$13,967$9,551$6,412$4,242$1,965
33 years$19,162$13,227$8,917$5,896$3,839$1,726
34 years$18,395$12,536$8,332$5,425$3,476$1,517
35 years$17,674$11,890$7,790$4,994$3,148$1,333
36 years$16,994$11,285$7,287$4,599$2,852$1,172
37 years$16,353$10,718$6,821$4,238$2,585$1,030
38 years$15,746$10,186$6,387$3,906$2,344$906
39 years$15,172$9,686$5,984$3,602$2,125$797
40 years$14,629$9,216$5,609$3,322$1,928$701
41 years$14,113$8,772$5,259$3,065$1,749$616
42 years$13,623$8,355$4,933$2,828$1,587$542
43 years$13,157$7,960$4,629$2,611$1,440$477
44 years$12,713$7,588$4,345$2,411$1,307$420
45 years$12,290$7,236$4,080$2,226$1,187$369
46 years$11,887$6,903$3,832$2,057$1,078$325
47 years$11,503$6,587$3,600$1,900$979$286
48 years$11,135$6,288$3,383$1,756$889$252
49 years$10,783$6,005$3,180$1,623$807$221
50 years$10,447$5,736$2,990$1,500$733$195

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 $4,474 every year, while hoping to spend $39,516 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: 74/15/11 Blend
52$10,700,000$10,700,000$10,700,000$10,700,000
53$11,796,015$11,228,915$11,063,065$12,643,589
54$12,957,164$11,737,087$11,391,633$13,711,834
55$14,235,425$12,268,835$11,729,883$14,876,470
56$15,642,703$12,825,273$12,078,099$16,151,337
57$17,192,115$13,407,567$12,436,571$17,547,350
58$18,898,113$14,016,940$12,805,598$19,076,521
59$20,776,623$14,654,672$13,185,489$20,752,073
60$22,845,194$15,322,107$13,576,559$22,588,565
61$25,123,165$16,020,652$13,979,134$24,602,025
62$27,631,843$16,751,779$14,393,551$26,810,100
63$30,394,709$17,517,034$14,820,152$29,232,220
64$33,437,637$18,318,036$15,259,295$31,889,780
65$36,789,137$19,156,481$15,711,342$34,806,338
66$40,480,627$20,034,146$16,176,670$38,007,837
67$44,546,727$20,952,896$16,655,666$41,522,847
68$49,025,588$21,914,683$17,148,725$45,382,830
69$53,959,248$22,921,552$17,656,257$49,622,438
70$59,394,033$23,975,650$18,178,683$54,279,833
71$65,380,990$25,079,222$18,716,435$59,397,046
72$71,976,373$26,234,626$19,269,957$65,020,373
73$79,242,171$27,444,330$19,839,708$71,200,805
74$87,246,692$28,710,922$20,426,158$77,994,507
75$96,065,212$30,037,115$21,029,792$85,463,348
76$105,780,680$31,425,750$21,651,107$93,675,474
77$116,484,506$32,879,809$22,290,616$102,705,955
78$128,277,420$34,402,413$22,948,845$112,637,487
79$141,270,423$35,996,838$23,626,338$123,561,165
80$155,585,836$37,666,513$24,323,650$135,577,345
81$171,358,455$39,415,036$25,041,357$148,796,579
82$188,736,822$41,246,177$25,780,046$163,340,662
83$207,884,626$43,163,887$26,540,326$179,343,771
84$228,982,250$45,172,310$27,322,819$196,953,726
85$252,228,473$47,275,788$28,128,167$216,333,385
86$277,842,348$49,478,872$28,957,031$237,662,172
87$306,065,265$51,786,334$29,810,089$261,137,764
88$337,163,233$54,203,176$30,688,039$286,977,954
89$371,429,393$56,734,641$31,591,598$315,422,698
90$409,186,780$59,386,227$32,521,505$346,736,375
91$450,791,375$62,163,696$33,478,519$381,210,273
92$496,635,466$65,073,088$34,463,421$419,165,335
93$547,151,351$68,120,737$35,477,013$460,955,179
94$602,815,417$71,313,281$36,520,121$506,969,428
95$664,152,639$74,657,680$37,593,593$557,637,380
96$731,741,533$78,161,232$38,698,304$613,432,054
97$806,219,623$81,831,585$39,835,150$674,874,640
98$888,289,451$85,676,761$41,005,055$742,539,418
99$978,725,219$89,705,165$42,208,968$817,059,162
100$1,078,380,087$93,925,614$43,447,864$899,131,108