Can I retire at age 53 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$908,370$900,278$892,384$884,679$877,155$847,721
2 years$449,688$441,313$433,196$425,327$417,693$388,328
3 years$296,814$288,403$280,307$272,511$265,002$236,629
4 years$220,392$212,007$203,991$196,329$189,001$161,838
5 years$174,551$166,216$158,306$150,799$143,676$117,794
6 years$144,000$135,728$127,935$120,595$113,686$89,106
7 years$122,187$113,984$106,314$99,148$92,457$69,175
8 years$105,834$97,705$90,163$83,173$76,702$54,701
9 years$93,122$85,070$77,657$70,845$64,594$43,848
10 years$82,958$74,985$67,703$61,069$55,037$35,512
11 years$74,648$66,755$59,605$53,148$47,334$28,992
12 years$67,728$59,915$52,898$46,618$41,019$23,819
13 years$61,877$54,146$47,261$41,157$35,769$19,667
14 years$56,866$49,217$42,464$36,534$31,355$16,305
15 years$52,527$44,961$38,339$32,582$27,607$13,562
16 years$48,734$41,251$34,760$29,174$24,400$11,311
17 years$45,391$37,990$31,630$26,213$21,634$9,455
18 years$42,423$35,105$28,874$23,623$19,236$7,918
19 years$39,770$32,535$26,433$21,345$17,146$6,640
20 years$37,386$30,233$24,259$19,332$15,315$5,576
21 years$35,231$28,161$22,314$17,545$13,705$4,688
22 years$33,275$26,287$20,566$15,953$12,285$3,944
23 years$31,491$24,586$18,989$14,528$11,027$3,321
24 years$29,859$23,035$17,561$13,251$9,912$2,798
25 years$28,360$21,617$16,265$12,101$8,919$2,359
26 years$26,978$20,317$15,085$11,065$8,034$1,989
27 years$25,701$19,121$14,008$10,128$7,243$1,678
28 years$24,517$18,017$13,022$9,279$6,536$1,416
29 years$23,416$16,997$12,118$8,509$5,902$1,195
30 years$22,391$16,052$11,288$7,809$5,332$1,009
31 years$21,434$15,175$10,523$7,172$4,821$852
32 years$20,539$14,358$9,818$6,592$4,361$720
33 years$19,699$13,597$9,167$6,061$3,947$608
34 years$18,911$12,887$8,565$5,577$3,573$514
35 years$18,169$12,223$8,008$5,134$3,236$434
36 years$17,471$11,602$7,491$4,728$2,932$367
37 years$16,811$11,019$7,012$4,357$2,658$310
38 years$16,188$10,472$6,566$4,016$2,409$262
39 years$15,598$9,958$6,152$3,702$2,185$221
40 years$15,039$9,474$5,766$3,415$1,982$187
41 years$14,508$9,018$5,407$3,151$1,798$158
42 years$14,005$8,589$5,072$2,908$1,632$134
43 years$13,526$8,183$4,759$2,684$1,481$113
44 years$13,070$7,801$4,467$2,478$1,344$95
45 years$12,635$7,439$4,195$2,289$1,220$81
46 years$12,221$7,096$3,940$2,114$1,108$68
47 years$11,825$6,772$3,701$1,953$1,006$58
48 years$11,447$6,465$3,478$1,805$914$49
49 years$11,086$6,173$3,269$1,668$830$41
50 years$10,740$5,897$3,074$1,542$754$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,000,000, adding $2,364 every year, while hoping to spend $29,122 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: 55/22/23 Blend
52$11,000,000$11,000,000$11,000,000$11,000,000
53$12,124,438$11,541,438$11,370,938$12,714,902
54$13,330,146$12,075,983$11,720,879$13,654,719
55$14,657,859$12,635,745$12,081,567$14,674,438
56$16,119,992$13,221,928$12,453,331$15,784,362
57$17,730,224$13,835,796$12,836,511$16,993,153
58$19,503,629$14,478,671$13,231,456$18,310,337
59$21,456,816$15,151,943$13,638,527$19,746,386
60$23,608,088$15,857,066$14,058,094$21,312,819
61$25,977,615$16,595,563$14,490,542$23,022,302
62$28,587,620$17,369,035$14,936,264$24,888,769
63$31,462,596$18,179,155$15,395,667$26,927,547
64$34,629,528$19,027,681$15,869,169$29,155,497
65$38,118,156$19,916,454$16,357,203$31,591,173
66$41,961,252$20,847,404$16,860,213$34,254,989
67$46,194,927$21,822,555$17,378,657$37,169,407
68$50,858,977$22,844,027$17,913,009$40,359,150
69$55,997,252$23,914,044$18,463,755$43,851,425
70$61,658,078$25,034,938$19,031,397$47,676,178
71$67,894,705$26,209,153$19,616,451$51,866,373
72$74,765,814$27,439,250$20,219,452$56,458,293
73$82,336,070$28,727,917$20,840,947$61,491,884
74$90,676,733$30,077,969$21,481,502$67,011,119
75$99,866,329$31,492,358$22,141,701$73,064,414
76$109,991,391$32,974,181$22,822,145$79,705,074
77$121,147,279$34,526,681$23,523,453$86,991,792
78$133,439,075$36,153,262$24,246,262$94,989,196
79$146,982,580$37,857,492$24,991,232$103,768,452
80$161,905,403$39,643,109$25,759,038$113,407,930
81$178,348,168$41,514,035$26,550,379$123,993,931
82$196,465,840$43,474,381$27,365,976$135,621,500
83$216,429,189$45,528,459$28,206,569$148,395,312
84$238,426,399$47,680,787$29,072,923$162,430,652
85$262,664,851$49,936,105$29,965,825$177,854,491
86$289,373,072$52,299,380$30,886,086$194,806,681
87$318,802,898$54,775,822$31,834,542$213,441,262
88$351,231,850$57,370,894$32,812,056$233,927,903
89$386,965,754$60,090,323$33,819,515$256,453,499
90$426,341,625$62,940,114$34,857,834$281,223,918
91$469,730,855$65,926,563$35,927,955$308,465,939
92$517,542,711$69,056,274$37,030,851$338,429,373
93$570,228,205$72,336,168$38,167,521$371,389,413
94$628,284,348$75,773,506$39,338,999$407,649,220
95$692,258,842$79,375,899$40,546,346$447,542,766
96$762,755,254$83,151,328$41,790,659$491,437,973
97$840,438,709$87,108,162$43,073,065$539,740,176
98$926,042,173$91,255,177$44,394,728$592,895,925
99$1,020,373,369$95,601,576$45,756,846$651,397,193
100$1,124,322,407$100,157,007$47,160,654$715,785,993