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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$916,628$908,463$900,497$892,722$885,130$854,404
2 years$453,776$445,325$437,134$429,193$421,490$390,853
3 years$299,512$291,025$282,855$274,988$267,411$237,824
4 years$222,396$213,934$205,846$198,114$190,720$162,409
5 years$176,138$167,727$159,745$152,170$144,982$118,023
6 years$145,309$136,962$129,098$121,692$114,719$89,132
7 years$123,297$115,020$107,281$100,049$93,298$69,077
8 years$106,796$98,593$90,983$83,929$77,399$54,527
9 years$93,968$85,843$78,363$71,489$65,181$43,628
10 years$83,712$75,667$68,319$61,624$55,538$35,267
11 years$75,327$67,362$60,147$53,631$47,764$28,736
12 years$68,343$60,460$53,379$47,042$41,392$23,561
13 years$62,439$54,638$47,690$41,531$36,094$19,415
14 years$57,383$49,665$42,850$36,867$31,640$16,062
15 years$53,004$45,370$38,688$32,879$27,858$13,332
16 years$49,177$41,626$35,076$29,439$24,621$11,095
17 years$45,804$38,336$31,918$26,451$21,831$9,254
18 years$42,808$35,424$29,137$23,838$19,411$7,732
19 years$40,132$32,831$26,673$21,539$17,302$6,470
20 years$37,725$30,508$24,480$19,508$15,454$5,421
21 years$35,551$28,417$22,517$17,705$13,830$4,546
22 years$33,577$26,526$20,752$16,098$12,396$3,816
23 years$31,778$24,809$19,161$14,660$11,128$3,206
24 years$30,131$23,245$17,721$13,371$10,002$2,694
25 years$28,618$21,814$16,413$12,211$9,000$2,266
26 years$27,223$20,502$15,222$11,165$8,107$1,906
27 years$25,934$19,294$14,135$10,220$7,309$1,604
28 years$24,739$18,181$13,141$9,364$6,595$1,350
29 years$23,629$17,152$12,228$8,587$5,955$1,137
30 years$22,595$16,198$11,390$7,880$5,381$958
31 years$21,629$15,312$10,619$7,238$4,865$807
32 years$20,726$14,489$9,908$6,652$4,401$680
33 years$19,878$13,721$9,251$6,117$3,983$573
34 years$19,083$13,004$8,643$5,628$3,606$483
35 years$18,335$12,334$8,081$5,181$3,266$407
36 years$17,629$11,707$7,560$4,771$2,959$343
37 years$16,964$11,119$7,076$4,396$2,682$289
38 years$16,335$10,567$6,626$4,052$2,431$244
39 years$15,740$10,048$6,208$3,736$2,205$205
40 years$15,175$9,560$5,819$3,446$2,000$173
41 years$14,640$9,100$5,456$3,179$1,814$146
42 years$14,132$8,667$5,118$2,934$1,646$123
43 years$13,649$8,258$4,802$2,709$1,494$104
44 years$13,188$7,871$4,508$2,501$1,356$87
45 years$12,750$7,506$4,233$2,310$1,231$74
46 years$12,332$7,161$3,976$2,134$1,118$62
47 years$11,933$6,833$3,735$1,971$1,015$52
48 years$11,551$6,523$3,510$1,821$922$44
49 years$11,186$6,229$3,299$1,683$837$37
50 years$10,837$5,951$3,102$1,556$760$31

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 $3,590 every year, while hoping to spend $35,851 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: 28/42/30 Blend
52$11,100,000$11,100,000$11,100,000$11,100,000
53$12,235,903$11,647,603$11,475,553$12,464,987
54$13,445,820$12,180,190$11,821,839$13,182,810
55$14,777,947$12,737,673$12,178,524$13,950,128
56$16,244,711$13,321,233$12,545,918$14,773,801
57$17,859,807$13,932,109$12,924,342$15,658,701
58$19,638,324$14,571,599$13,314,124$16,610,156
59$21,596,890$15,241,063$13,715,603$17,634,003
60$23,753,826$15,941,928$14,129,129$18,736,631
61$26,129,322$16,675,689$14,555,061$19,925,040
62$28,745,625$17,443,911$14,993,768$21,206,900
63$31,627,252$18,248,235$15,445,633$22,590,616
64$34,801,217$19,090,383$15,911,046$24,085,403
65$38,297,287$19,972,158$16,390,412$25,701,367
66$42,148,266$20,895,450$16,884,147$27,449,592
67$46,390,302$21,862,240$17,392,679$29,342,236
68$51,063,227$22,874,604$17,916,448$31,392,642
69$56,210,936$23,934,719$18,455,908$33,615,454
70$61,881,797$25,044,866$19,011,527$36,026,747
71$68,129,113$26,207,437$19,583,786$38,644,170
72$75,011,620$27,424,939$20,173,180$41,487,105
73$82,594,042$28,699,998$20,780,218$44,576,839
74$90,947,705$30,035,369$21,405,426$47,936,757
75$100,151,207$31,433,938$22,049,345$51,592,551
76$110,291,162$32,898,733$22,712,530$55,572,452
77$121,463,016$34,432,926$23,395,554$59,907,486
78$133,771,946$36,039,842$24,099,008$64,631,755
79$147,333,858$37,722,967$24,823,498$69,782,748
80$162,276,476$39,485,957$25,569,650$75,401,679
81$178,740,549$41,332,642$26,338,106$81,533,865
82$196,881,182$43,267,038$27,129,529$88,229,140
83$216,869,296$45,293,357$27,944,602$95,542,311
84$238,893,244$47,416,011$28,784,026$103,533,658
85$263,160,588$49,639,629$29,648,524$112,269,489
86$289,900,059$51,969,061$30,538,841$121,822,750
87$319,363,714$54,409,394$31,455,741$132,273,694
88$351,829,318$56,965,960$32,400,013$143,710,622
89$387,602,964$59,644,348$33,372,470$156,230,697
90$427,021,965$62,450,419$34,373,946$169,940,841
91$470,458,034$65,390,318$35,405,301$184,958,724
92$518,320,797$68,470,487$36,467,422$201,413,853
93$571,061,656$71,697,679$37,561,219$219,448,772
94$629,178,056$75,078,977$38,687,631$239,220,383
95$693,218,174$78,621,803$39,847,623$260,901,402
96$763,786,099$82,333,942$41,042,189$284,681,964
97$841,547,532$86,223,556$42,272,353$310,771,392
98$927,236,071$90,299,201$43,539,168$339,400,141
99$1,021,660,138$94,569,850$44,843,718$370,821,947
100$1,125,710,609$99,044,909$46,187,119$405,316,191