Can I retire at age 53 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$916,628$908,463$900,497$892,722$885,130$867,258
2 years$453,776$445,325$437,134$429,193$421,490$403,564
3 years$299,512$291,025$282,855$274,988$267,411$249,988
4 years$222,396$213,934$205,846$198,114$190,720$173,935
5 years$176,138$167,727$159,745$152,170$144,982$128,883
6 years$145,309$136,962$129,098$121,692$114,719$99,323
7 years$123,297$115,020$107,281$100,049$93,298$78,608
8 years$106,796$98,593$90,983$83,929$77,399$63,412
9 years$93,968$85,843$78,363$71,489$65,181$51,887
10 years$83,712$75,667$68,319$61,624$55,538$42,923
11 years$75,327$67,362$60,147$53,631$47,764$35,814
12 years$68,343$60,460$53,379$47,042$41,392$30,089
13 years$62,439$54,638$47,690$41,531$36,094$25,419
14 years$57,383$49,665$42,850$36,867$31,640$21,573
15 years$53,004$45,370$38,688$32,879$27,858$18,377
16 years$49,177$41,626$35,076$29,439$24,621$15,705
17 years$45,804$38,336$31,918$26,451$21,831$13,456
18 years$42,808$35,424$29,137$23,838$19,411$11,555
19 years$40,132$32,831$26,673$21,539$17,302$9,941
20 years$37,725$30,508$24,480$19,508$15,454$8,567
21 years$35,551$28,417$22,517$17,705$13,830$7,392
22 years$33,577$26,526$20,752$16,098$12,396$6,386
23 years$31,778$24,809$19,161$14,660$11,128$5,523
24 years$30,131$23,245$17,721$13,371$10,002$4,780
25 years$28,618$21,814$16,413$12,211$9,000$4,140
26 years$27,223$20,502$15,222$11,165$8,107$3,588
27 years$25,934$19,294$14,135$10,220$7,309$3,112
28 years$24,739$18,181$13,141$9,364$6,595$2,700
29 years$23,629$17,152$12,228$8,587$5,955$2,343
30 years$22,595$16,198$11,390$7,880$5,381$2,035
31 years$21,629$15,312$10,619$7,238$4,865$1,767
32 years$20,726$14,489$9,908$6,652$4,401$1,535
33 years$19,878$13,721$9,251$6,117$3,983$1,334
34 years$19,083$13,004$8,643$5,628$3,606$1,160
35 years$18,335$12,334$8,081$5,181$3,266$1,008
36 years$17,629$11,707$7,560$4,771$2,959$876
37 years$16,964$11,119$7,076$4,396$2,682$762
38 years$16,335$10,567$6,626$4,052$2,431$663
39 years$15,740$10,048$6,208$3,736$2,205$576
40 years$15,175$9,560$5,819$3,446$2,000$501
41 years$14,640$9,100$5,456$3,179$1,814$436
42 years$14,132$8,667$5,118$2,934$1,646$379
43 years$13,649$8,258$4,802$2,709$1,494$330
44 years$13,188$7,871$4,508$2,501$1,356$287
45 years$12,750$7,506$4,233$2,310$1,231$250
46 years$12,332$7,161$3,976$2,134$1,118$217
47 years$11,933$6,833$3,735$1,971$1,015$189
48 years$11,551$6,523$3,510$1,821$922$165
49 years$11,186$6,229$3,299$1,683$837$143
50 years$10,837$5,951$3,102$1,556$760$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,100,000, adding $2,370 every year, while hoping to spend $58,420 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: 58/14/28 Blend
52$11,100,000$11,100,000$11,100,000$11,100,000
53$12,234,645$11,646,345$11,474,295$12,850,525
54$13,420,420$12,154,857$11,796,525$13,781,223
55$14,725,186$12,686,329$12,127,592$14,789,181
56$16,161,019$13,241,823$12,467,731$15,887,070
57$17,741,224$13,822,453$12,817,180$17,083,625
58$19,480,460$14,429,385$13,176,187$18,388,461
59$21,394,883$15,063,840$13,545,005$19,812,155
60$23,502,289$15,727,096$13,923,891$21,366,346
61$25,822,293$16,420,494$14,313,112$23,063,842
62$28,376,504$17,145,436$14,712,938$24,918,742
63$31,188,736$17,903,391$15,123,650$26,946,562
64$34,285,227$18,695,896$15,545,532$29,164,382
65$37,694,890$19,524,565$15,978,877$31,591,003
66$41,449,584$20,391,085$16,423,985$34,247,124
67$45,584,417$21,297,223$16,881,164$37,155,531
68$50,138,072$22,244,831$17,350,727$40,341,314
69$55,153,177$23,235,850$17,832,999$43,832,098
70$60,676,706$24,272,311$18,328,308$47,658,299
71$66,760,418$25,356,342$18,836,995$51,853,411
72$73,461,351$26,490,174$19,359,405$56,454,320
73$80,842,358$27,676,142$19,895,894$61,501,642
74$88,972,698$28,916,692$20,446,826$67,040,113
75$97,928,692$30,214,389$21,012,574$73,118,996
76$107,794,442$31,571,917$21,593,518$79,792,552
77$118,662,624$32,992,090$22,190,050$87,120,543
78$130,635,366$34,477,856$22,802,571$95,168,792
79$143,825,205$36,032,303$23,431,489$104,009,803
80$158,356,157$37,658,667$24,077,224$113,723,437
81$174,364,880$39,360,336$24,740,206$124,397,664
82$192,001,969$41,140,864$25,420,875$136,129,387
83$211,433,375$43,003,972$26,119,680$149,025,353
84$232,841,972$44,953,559$26,837,081$163,203,153
85$256,429,281$46,993,711$27,573,551$178,792,328
86$282,417,374$49,128,710$28,329,572$195,935,587
87$311,050,971$51,363,041$29,105,637$214,790,147
88$342,599,746$53,701,406$29,902,252$235,529,209
89$377,360,875$56,148,730$30,719,933$258,343,591
90$415,661,842$58,710,176$31,559,208$283,443,518
91$457,863,528$61,391,153$32,420,620$311,060,601
92$504,363,618$64,197,329$33,304,720$341,450,020
93$555,600,354$67,134,645$34,212,075$374,892,916
94$612,056,673$70,209,326$35,143,263$411,699,047
95$674,264,768$73,427,897$36,098,876$452,209,698
96$742,811,105$76,797,195$37,079,520$496,800,895
97$818,341,965$80,324,385$38,085,811$545,886,947
98$901,569,544$84,016,977$39,118,384$599,924,346
99$993,278,671$87,882,843$40,177,883$659,416,068
100$1,094,334,223$91,930,230$41,264,970$724,916,312