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%12.8%
1 years$908,370$900,278$892,384$884,679$877,155$866,914
2 years$449,688$441,313$433,196$425,327$417,693$407,384
3 years$296,814$288,403$280,307$272,511$265,002$254,946
4 years$220,392$212,007$203,991$196,329$189,001$179,276
5 years$174,551$166,216$158,306$150,799$143,676$134,310
6 years$144,000$135,728$127,935$120,595$113,686$104,690
7 years$122,187$113,984$106,314$99,148$92,457$83,835
8 years$105,834$97,705$90,163$83,173$76,702$68,453
9 years$93,122$85,070$77,657$70,845$64,594$56,715
10 years$82,958$74,985$67,703$61,069$55,037$47,523
11 years$74,648$66,755$59,605$53,148$47,334$40,178
12 years$67,728$59,915$52,898$46,618$41,019$34,213
13 years$61,877$54,146$47,261$41,157$35,769$29,305
14 years$56,866$49,217$42,464$36,534$31,355$25,224
15 years$52,527$44,961$38,339$32,582$27,607$21,799
16 years$48,734$41,251$34,760$29,174$24,400$18,904
17 years$45,391$37,990$31,630$26,213$21,634$16,441
18 years$42,423$35,105$28,874$23,623$19,236$14,335
19 years$39,770$32,535$26,433$21,345$17,146$12,524
20 years$37,386$30,233$24,259$19,332$15,315$10,963
21 years$35,231$28,161$22,314$17,545$13,705$9,611
22 years$33,275$26,287$20,566$15,953$12,285$8,437
23 years$31,491$24,586$18,989$14,528$11,027$7,416
24 years$29,859$23,035$17,561$13,251$9,912$6,525
25 years$28,360$21,617$16,265$12,101$8,919$5,746
26 years$26,978$20,317$15,085$11,065$8,034$5,064
27 years$25,701$19,121$14,008$10,128$7,243$4,467
28 years$24,517$18,017$13,022$9,279$6,536$3,942
29 years$23,416$16,997$12,118$8,509$5,902$3,480
30 years$22,391$16,052$11,288$7,809$5,332$3,075
31 years$21,434$15,175$10,523$7,172$4,821$2,717
32 years$20,539$14,358$9,818$6,592$4,361$2,402
33 years$19,699$13,597$9,167$6,061$3,947$2,124
34 years$18,911$12,887$8,565$5,577$3,573$1,879
35 years$18,169$12,223$8,008$5,134$3,236$1,663
36 years$17,471$11,602$7,491$4,728$2,932$1,472
37 years$16,811$11,019$7,012$4,357$2,658$1,303
38 years$16,188$10,472$6,566$4,016$2,409$1,153
39 years$15,598$9,958$6,152$3,702$2,185$1,021
40 years$15,039$9,474$5,766$3,415$1,982$904
41 years$14,508$9,018$5,407$3,151$1,798$801
42 years$14,005$8,589$5,072$2,908$1,632$710
43 years$13,526$8,183$4,759$2,684$1,481$629
44 years$13,070$7,801$4,467$2,478$1,344$557
45 years$12,635$7,439$4,195$2,289$1,220$493
46 years$12,221$7,096$3,940$2,114$1,108$437
47 years$11,825$6,772$3,701$1,953$1,006$387
48 years$11,447$6,465$3,478$1,805$914$343
49 years$11,086$6,173$3,269$1,668$830$304
50 years$10,740$5,897$3,074$1,542$754$270

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 $3,991 every year, while hoping to spend $41,654 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: 67/13/20 Blend
52$11,000,000$11,000,000$11,000,000$11,000,000
53$12,126,117$11,543,117$11,372,617$12,877,717
54$13,318,661$12,064,410$11,709,280$13,902,840
55$14,631,449$12,609,850$12,055,825$15,018,250
56$16,076,701$13,180,577$12,412,540$16,237,018
57$17,667,884$13,777,785$12,779,719$17,569,309
58$19,419,834$14,402,723$13,157,666$19,026,314
59$21,348,904$15,056,703$13,546,694$20,620,347
60$23,473,108$15,741,097$13,947,124$22,364,965
61$25,812,300$16,457,345$14,359,288$24,275,089
62$28,388,354$17,206,955$14,783,524$26,367,148
63$31,225,377$17,991,507$15,220,182$28,659,228
64$34,349,930$18,812,656$15,669,624$31,171,241
65$37,791,285$19,672,137$16,132,217$33,925,111
66$41,581,694$20,571,770$16,608,345$36,944,980
67$45,756,699$21,513,459$17,098,396$40,257,430
68$50,355,465$22,499,201$17,602,776$43,891,734
69$55,421,150$23,531,090$18,121,896$47,880,128
70$61,001,312$24,611,318$18,656,185$52,258,114
71$67,148,358$25,742,184$19,206,079$57,064,789
72$73,920,037$26,926,098$19,772,029$62,343,216
73$81,379,987$28,165,583$20,354,498$68,140,819
74$89,598,336$29,463,287$20,953,964$74,509,837
75$98,652,360$30,821,982$21,570,916$81,507,806
76$108,627,217$32,244,575$22,205,858$89,198,102
77$119,616,748$33,734,114$22,859,309$97,650,533
78$131,724,361$35,293,791$23,531,801$106,941,998
79$145,064,013$36,926,953$24,223,883$117,157,203
80$159,761,277$38,637,109$24,936,118$128,389,461
81$175,954,536$40,427,936$25,669,086$140,741,566
82$193,796,282$42,303,288$26,423,384$154,326,758
83$213,454,559$44,267,205$27,199,623$169,269,789
84$235,114,548$46,323,922$27,998,435$185,708,094
85$258,980,316$48,477,879$28,820,467$203,793,082
86$285,276,742$50,733,728$29,666,386$223,691,564
87$314,251,636$53,096,348$30,536,877$245,587,315
88$346,178,085$55,570,851$31,432,644$269,682,809
89$381,357,024$58,162,597$32,354,412$296,201,119
90$420,120,082$60,877,205$33,302,925$325,388,020
91$462,832,707$63,720,565$34,278,951$357,514,300
92$509,897,622$66,698,852$35,283,274$392,878,310
93$561,758,622$69,818,538$36,316,706$431,808,772
94$618,904,764$73,086,409$37,380,079$474,667,874
95$681,874,986$76,509,579$38,474,247$521,854,683
96$751,263,191$80,095,505$39,600,091$573,808,901
97$827,723,857$83,852,005$40,758,515$631,015,007
98$911,978,214$87,787,277$41,950,448$694,006,826
99$1,004,821,050$91,909,912$43,176,847$763,372,551
100$1,107,128,219$96,228,920$44,438,693$839,760,292