Can I retire at age 53 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$900,112$892,094$884,272$876,637$869,181$850,589
2 years$445,600$437,301$429,258$421,460$413,896$395,255
3 years$294,116$285,781$277,758$270,033$262,593$244,485
4 years$218,389$210,079$202,137$194,544$187,283$169,849
5 years$172,964$164,705$156,867$149,428$142,370$125,657
6 years$142,691$134,494$126,772$119,499$112,652$96,679
7 years$121,076$112,948$105,348$98,247$91,616$76,386
8 years$104,872$96,817$89,343$82,417$76,005$61,512
9 years$92,275$84,297$76,951$70,201$64,007$50,242
10 years$82,204$74,303$67,088$60,514$54,537$41,486
11 years$73,969$66,148$59,063$52,665$46,904$34,549
12 years$67,112$59,371$52,417$46,194$40,646$28,969
13 years$61,314$53,654$46,831$40,783$35,444$24,425
14 years$56,349$48,770$42,078$36,202$31,070$20,687
15 years$52,049$44,552$37,991$32,286$27,356$17,586
16 years$48,291$40,876$34,444$28,909$24,178$14,996
17 years$44,978$37,645$31,343$25,974$21,438$12,821
18 years$42,037$34,786$28,612$23,408$19,061$10,986
19 years$39,408$32,239$26,193$21,151$16,990$9,431
20 years$37,046$29,958$24,039$19,156$15,176$8,108
21 years$34,911$27,905$22,111$17,386$13,580$6,981
22 years$32,972$26,048$20,379$15,808$12,173$6,017
23 years$31,205$24,362$18,816$14,396$10,927$5,191
24 years$29,588$22,826$17,402$13,130$9,822$4,482
25 years$28,102$21,421$16,117$11,991$8,838$3,873
26 years$26,733$20,132$14,948$10,964$7,961$3,349
27 years$25,467$18,947$13,881$10,036$7,177$2,897
28 years$24,294$17,853$12,904$9,195$6,476$2,507
29 years$23,203$16,843$12,008$8,432$5,848$2,171
30 years$22,188$15,906$11,185$7,738$5,284$1,880
31 years$21,239$15,037$10,428$7,107$4,777$1,629
32 years$20,352$14,228$9,729$6,532$4,321$1,412
33 years$19,520$13,474$9,084$6,006$3,911$1,224
34 years$18,739$12,770$8,488$5,526$3,541$1,061
35 years$18,004$12,112$7,935$5,087$3,207$920
36 years$17,312$11,496$7,423$4,685$2,906$798
37 years$16,658$10,919$6,948$4,317$2,634$692
38 years$16,041$10,377$6,507$3,979$2,388$600
39 years$15,456$9,867$6,096$3,669$2,165$521
40 years$14,902$9,388$5,714$3,384$1,964$452
41 years$14,376$8,936$5,358$3,122$1,782$392
42 years$13,877$8,511$5,026$2,881$1,617$340
43 years$13,403$8,109$4,716$2,660$1,467$295
44 years$12,951$7,730$4,427$2,456$1,332$256
45 years$12,520$7,371$4,157$2,268$1,209$222
46 years$12,110$7,032$3,904$2,095$1,098$193
47 years$11,718$6,710$3,668$1,936$997$167
48 years$11,343$6,406$3,447$1,789$905$145
49 years$10,985$6,117$3,240$1,653$822$126
50 years$10,642$5,843$3,046$1,528$747$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,900,000, adding $3,526 every year, while hoping to spend $43,892 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: 64/18/18 Blend
52$10,900,000$10,900,000$10,900,000$10,900,000
53$12,015,437$11,437,737$11,268,787$12,729,962
54$13,194,311$11,951,485$11,599,591$13,723,977
55$14,491,959$12,488,936$11,940,005$14,804,109
56$15,920,449$13,051,205$12,290,306$15,983,050
57$17,493,081$13,639,460$12,650,777$17,270,454
58$19,224,506$14,254,924$13,021,709$18,676,939
59$21,130,871$14,898,881$13,403,402$20,214,192
60$23,229,968$15,572,674$13,796,164$21,895,072
61$25,541,401$16,277,711$14,200,311$23,733,730
62$28,086,772$17,015,467$14,616,170$25,745,741
63$30,889,885$17,787,488$15,044,074$27,948,248
64$33,976,972$18,595,393$15,484,369$30,360,120
65$37,376,935$19,440,879$15,937,407$33,002,131
66$41,121,625$20,325,725$16,403,553$35,897,145
67$45,246,139$21,251,794$16,883,181$39,070,339
68$49,789,153$22,221,039$17,376,674$42,549,430
69$54,793,282$23,235,506$17,884,429$46,364,933
70$60,305,491$24,297,340$18,406,851$50,550,453
71$66,377,528$25,408,787$18,944,358$55,142,989
72$73,066,421$26,572,202$19,497,379$60,183,286
73$80,435,010$27,790,054$20,066,355$65,716,212
74$88,552,543$29,064,929$20,651,740$71,791,179
75$97,495,329$30,399,537$21,254,000$78,462,606
76$107,347,458$31,796,720$21,873,615$85,790,424
77$118,201,594$33,259,454$22,511,076$93,840,643
78$130,159,849$34,790,860$23,166,890$102,685,963
79$143,334,750$36,394,209$23,841,577$112,406,461
80$157,850,296$38,072,927$24,535,671$123,090,339
81$173,843,134$39,830,607$25,249,723$134,834,752
82$191,463,842$41,671,015$25,984,297$147,746,716
83$210,878,356$43,598,098$26,739,974$161,944,116
84$232,269,535$45,615,991$27,517,350$177,556,810
85$255,838,884$47,729,031$28,317,038$194,727,850
86$281,808,460$49,941,763$29,139,668$213,614,822
87$310,422,963$52,258,950$29,985,887$234,391,330
88$341,952,052$54,685,585$30,856,361$257,248,626
89$376,692,885$57,226,902$31,751,773$282,397,404
90$414,972,928$59,888,389$32,672,825$310,069,787
91$457,153,042$62,675,795$33,620,240$340,521,503
92$503,630,893$65,595,150$34,594,759$374,034,296
93$554,844,704$68,652,773$35,597,144$410,918,570
94$611,277,394$71,855,288$36,628,178$451,516,314
95$673,461,131$75,209,641$37,688,665$496,204,319
96$741,982,363$78,723,110$38,779,432$545,397,723
97$817,487,349$82,403,327$39,901,328$599,553,918
98$900,688,261$86,258,293$41,055,225$659,176,859
99$992,369,908$90,296,393$42,242,020$724,821,806
100$1,093,397,144$94,526,422$43,462,632$797,100,555