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%16.7%
1 years$891,854$883,910$876,159$868,594$861,207$837,670
2 years$441,512$433,289$425,320$417,593$410,099$386,558
3 years$291,417$283,159$275,210$267,556$260,183$237,375
4 years$216,385$208,152$200,283$192,759$185,565$163,665
5 years$171,377$163,194$155,427$148,057$141,064$120,131
6 years$141,382$133,260$125,608$118,403$111,619$91,675
7 years$119,965$111,911$104,381$97,345$90,776$71,820
8 years$103,910$95,929$88,524$81,661$75,307$57,331
9 years$91,429$83,523$76,245$69,557$63,420$46,405
10 years$81,450$73,622$66,472$59,959$54,037$37,962
11 years$73,291$65,541$58,521$52,182$46,473$31,314
12 years$66,496$58,826$51,936$45,771$40,273$26,000
13 years$60,752$53,162$46,401$40,409$35,119$21,702
14 years$55,832$48,322$41,692$35,870$30,785$18,193
15 years$51,572$44,143$37,642$31,990$27,105$15,304
16 years$47,848$40,501$34,128$28,644$23,956$12,912
17 years$44,566$37,300$31,055$25,736$21,241$10,920
18 years$41,651$34,467$28,349$23,193$18,886$9,254
19 years$39,047$31,943$25,953$20,957$16,834$7,855
20 years$36,706$29,683$23,818$18,981$15,036$6,678
21 years$34,590$27,649$21,908$17,226$13,456$5,683
22 years$32,670$25,809$20,192$15,663$12,061$4,842
23 years$30,919$24,139$18,643$14,264$10,827$4,128
24 years$29,316$22,616$17,242$13,010$9,731$3,523
25 years$27,844$21,224$15,970$11,881$8,757$3,008
26 years$26,487$19,948$14,811$10,864$7,888$2,570
27 years$25,233$18,773$13,753$9,944$7,112$2,196
28 years$24,071$17,690$12,785$9,111$6,417$1,878
29 years$22,991$16,688$11,898$8,355$5,794$1,606
30 years$21,984$15,760$11,082$7,667$5,235$1,374
31 years$21,044$14,899$10,332$7,042$4,733$1,176
32 years$20,165$14,097$9,640$6,472$4,282$1,006
33 years$19,341$13,350$9,001$5,951$3,875$861
34 years$18,567$12,653$8,410$5,476$3,508$737
35 years$17,839$12,001$7,863$5,041$3,178$631
36 years$17,153$11,391$7,355$4,642$2,879$541
37 years$16,505$10,819$6,884$4,277$2,609$463
38 years$15,893$10,282$6,447$3,942$2,366$397
39 years$15,314$9,777$6,040$3,635$2,145$340
40 years$14,765$9,302$5,661$3,353$1,946$291
41 years$14,245$8,854$5,309$3,093$1,765$249
42 years$13,750$8,433$4,980$2,855$1,602$214
43 years$13,280$8,035$4,673$2,635$1,454$183
44 years$12,832$7,659$4,386$2,433$1,320$157
45 years$12,405$7,303$4,118$2,247$1,198$134
46 years$11,998$6,967$3,868$2,076$1,088$115
47 years$11,610$6,649$3,634$1,918$988$99
48 years$11,239$6,347$3,415$1,772$897$84
49 years$10,884$6,061$3,210$1,638$815$72
50 years$10,545$5,790$3,018$1,514$740$62

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 $5,669 every year, while hoping to spend $22,004 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: 53/36/11 Blend
52$10,800,000$10,800,000$10,800,000$10,800,000
53$11,907,448$11,335,048$11,167,648$12,504,384
54$13,098,595$11,867,053$11,518,352$13,443,068
55$14,410,502$12,424,389$11,880,067$14,460,950
56$15,855,463$13,008,274$12,253,139$15,567,862
57$17,447,026$13,619,984$12,637,924$16,772,240
58$19,200,118$14,260,859$13,034,790$18,083,350
59$21,131,191$14,932,302$13,444,116$19,511,373
60$23,258,372$15,635,784$13,866,294$21,067,498
61$25,601,637$16,372,849$14,301,726$22,764,019
62$28,182,999$17,145,113$14,750,829$24,614,453
63$31,026,714$17,954,274$15,214,031$26,633,655
64$34,159,514$18,802,108$15,691,776$28,837,960
65$37,610,854$19,690,481$16,184,520$31,245,328
66$41,413,193$20,621,346$16,692,733$33,875,509
67$45,602,300$21,596,754$17,216,902$36,750,223
68$50,217,593$22,618,853$17,757,526$39,893,360
69$55,302,508$23,689,897$18,315,123$43,331,200
70$60,904,909$24,812,247$18,890,225$47,092,652
71$67,077,544$25,988,381$19,483,382$51,209,521
72$73,878,538$27,220,897$20,095,160$55,716,801
73$81,371,944$28,512,517$20,726,144$60,652,998
74$89,628,349$29,866,096$21,376,936$66,060,485
75$98,725,536$31,284,630$22,048,158$71,985,894
76$108,749,221$32,771,257$22,740,452$78,480,548
77$119,793,863$34,329,271$23,454,479$85,600,934
78$131,963,554$35,962,121$24,190,920$93,409,229
79$145,373,000$37,673,429$24,950,480$101,973,876
80$160,148,609$39,466,990$25,733,884$111,370,220
81$176,429,678$41,346,784$26,541,880$121,681,208
82$194,369,712$43,316,983$27,375,240$132,998,160
83$214,137,873$45,381,965$28,234,760$145,421,618
84$235,920,573$47,546,318$29,121,262$159,062,287
85$259,923,238$49,814,855$30,035,591$174,042,060
86$286,372,246$52,192,620$30,978,621$190,495,161
87$315,517,064$54,684,907$31,951,254$208,569,394
88$347,632,600$57,297,264$32,954,417$228,427,524
89$383,021,805$60,035,509$33,989,069$250,248,798
90$422,018,525$62,905,745$35,056,198$274,230,619
91$464,990,657$65,914,369$36,156,824$300,590,395
92$512,343,624$69,068,094$37,291,998$329,567,568
93$564,524,197$72,373,953$38,462,803$361,425,862
94$622,024,717$75,839,329$39,670,358$396,455,747
95$685,387,740$79,471,957$40,915,817$434,977,162
96$755,211,160$83,279,954$42,200,368$477,342,514
97$832,153,857$87,271,830$43,525,239$523,939,980
98$916,941,910$91,456,510$44,891,694$575,197,149
99$1,010,375,458$95,843,352$46,301,039$631,585,033
100$1,113,336,250$100,442,172$47,754,619$693,622,486