Can I retire at age 53 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$891,854$883,910$876,159$868,594$861,207$852,568
2 years$441,512$433,289$425,320$417,593$410,099$401,397
3 years$291,417$283,159$275,210$267,556$260,183$251,690
4 years$216,385$208,152$200,283$192,759$185,565$177,345
5 years$171,377$163,194$155,427$148,057$141,064$133,140
6 years$141,382$133,260$125,608$118,403$111,619$104,003
7 years$119,965$111,911$104,381$97,345$90,776$83,470
8 years$103,910$95,929$88,524$81,661$75,307$68,311
9 years$91,429$83,523$76,245$69,557$63,420$56,731
10 years$81,450$73,622$66,472$59,959$54,037$47,652
11 years$73,291$65,541$58,521$52,182$46,473$40,386
12 years$66,496$58,826$51,936$45,771$40,273$34,478
13 years$60,752$53,162$46,401$40,409$35,119$29,609
14 years$55,832$48,322$41,692$35,870$30,785$25,553
15 years$51,572$44,143$37,642$31,990$27,105$22,144
16 years$47,848$40,501$34,128$28,644$23,956$19,256
17 years$44,566$37,300$31,055$25,736$21,241$16,794
18 years$41,651$34,467$28,349$23,193$18,886$14,684
19 years$39,047$31,943$25,953$20,957$16,834$12,867
20 years$36,706$29,683$23,818$18,981$15,036$11,296
21 years$34,590$27,649$21,908$17,226$13,456$9,932
22 years$32,670$25,809$20,192$15,663$12,061$8,746
23 years$30,919$24,139$18,643$14,264$10,827$7,711
24 years$29,316$22,616$17,242$13,010$9,731$6,805
25 years$27,844$21,224$15,970$11,881$8,757$6,012
26 years$26,487$19,948$14,811$10,864$7,888$5,315
27 years$25,233$18,773$13,753$9,944$7,112$4,703
28 years$24,071$17,690$12,785$9,111$6,417$4,164
29 years$22,991$16,688$11,898$8,355$5,794$3,688
30 years$21,984$15,760$11,082$7,667$5,235$3,269
31 years$21,044$14,899$10,332$7,042$4,733$2,898
32 years$20,165$14,097$9,640$6,472$4,282$2,571
33 years$19,341$13,350$9,001$5,951$3,875$2,281
34 years$18,567$12,653$8,410$5,476$3,508$2,025
35 years$17,839$12,001$7,863$5,041$3,178$1,797
36 years$17,153$11,391$7,355$4,642$2,879$1,596
37 years$16,505$10,819$6,884$4,277$2,609$1,418
38 years$15,893$10,282$6,447$3,942$2,366$1,259
39 years$15,314$9,777$6,040$3,635$2,145$1,119
40 years$14,765$9,302$5,661$3,353$1,946$994
41 years$14,245$8,854$5,309$3,093$1,765$884
42 years$13,750$8,433$4,980$2,855$1,602$786
43 years$13,280$8,035$4,673$2,635$1,454$698
44 years$12,832$7,659$4,386$2,433$1,320$621
45 years$12,405$7,303$4,118$2,247$1,198$552
46 years$11,998$6,967$3,868$2,076$1,088$491
47 years$11,610$6,649$3,634$1,918$988$436
48 years$11,239$6,347$3,415$1,772$897$388
49 years$10,884$6,061$3,210$1,638$815$345
50 years$10,545$5,790$3,018$1,514$740$307

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,800,000, adding $4,716 every year, while hoping to spend $22,974 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: 69/25/6 Blend
52$10,800,000$10,800,000$10,800,000$10,800,000
53$11,906,465$11,334,065$11,166,665$12,717,829
54$13,096,480$11,864,990$11,516,304$13,786,090
55$14,407,107$12,421,160$11,876,886$14,950,945
56$15,850,623$13,003,788$12,248,753$16,224,487
57$17,440,559$13,614,146$12,632,259$17,617,359
58$19,191,823$14,253,567$13,027,766$19,141,270
59$21,120,845$14,923,447$13,435,652$20,809,103
60$23,245,727$15,625,252$13,856,303$22,635,030
61$25,586,421$16,360,519$14,290,118$24,634,649
62$28,164,908$17,130,856$14,737,509$26,825,124
63$31,005,414$17,937,954$15,198,901$29,225,344
64$34,134,633$18,783,581$15,674,732$31,856,098
65$37,581,984$19,669,594$16,165,453$34,740,270
66$41,379,880$20,597,939$16,671,530$37,903,046
67$45,564,046$21,570,655$17,193,444$41,372,155
68$50,173,843$22,589,882$17,731,689$45,178,120
69$55,252,652$23,657,863$18,286,777$49,354,543
70$60,848,272$24,776,948$18,859,235$53,938,423
71$67,013,382$25,949,604$19,449,604$58,970,494
72$73,806,028$27,178,416$20,058,447$64,495,607
73$81,290,178$28,466,094$20,686,341$70,563,148
74$89,536,323$29,815,480$21,333,880$77,227,500
75$98,622,144$31,229,554$22,001,681$84,548,549
76$108,633,241$32,711,440$22,690,376$92,592,243
77$119,663,947$34,264,416$23,400,619$101,431,210
78$131,818,213$35,891,917$24,133,083$111,145,436
79$145,210,594$37,597,544$24,888,465$121,823,014
80$159,967,326$39,385,074$25,667,479$133,560,965
81$176,227,520$41,258,470$26,470,866$146,466,153
82$194,144,474$43,221,882$27,299,388$160,656,280
83$213,887,123$45,279,667$28,153,830$176,260,988
84$235,641,630$47,436,391$29,035,003$193,423,083
85$259,613,144$49,696,841$29,943,744$212,299,862
86$286,027,738$52,066,040$30,880,913$233,064,598
87$315,134,544$54,549,253$31,847,400$255,908,161
88$347,208,101$57,152,000$32,844,121$281,040,810
89$382,550,950$59,880,071$33,872,023$308,694,170
90$421,496,491$62,739,538$34,932,079$339,123,403
91$464,412,125$65,736,767$36,025,295$372,609,605
92$511,702,728$68,878,435$37,152,709$409,462,452
93$563,814,470$72,171,542$38,315,389$450,023,106
94$621,239,029$75,623,431$39,514,437$494,667,421
95$684,518,230$79,241,800$40,750,991$543,809,482
96$754,249,164$83,034,722$42,026,224$597,905,493
97$831,089,821$87,010,665$43,341,344$657,458,073
98$915,765,303$91,178,508$44,697,600$723,020,981
99$1,009,074,670$95,547,561$46,096,275$795,204,329
100$1,111,898,483$100,127,589$47,538,698$874,680,320