Can I retire at age 53 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$924,886$916,647$908,609$900,764$893,104$869,046
2 years$457,864$449,337$441,073$433,060$425,287$401,222
3 years$302,211$293,647$285,403$277,466$269,820$246,499
4 years$224,399$215,861$207,700$199,898$192,438$170,041
5 years$177,725$169,238$161,184$153,541$146,288$124,877
6 years$146,618$138,195$130,261$122,788$115,753$95,349
7 years$124,408$116,056$108,247$100,951$94,138$74,741
8 years$107,758$99,482$91,802$84,685$78,097$59,697
9 years$94,815$86,617$79,069$72,133$65,769$48,350
10 years$84,467$76,348$68,934$62,179$56,038$39,578
11 years$76,005$67,969$60,689$54,115$48,195$32,667
12 years$68,959$61,005$53,860$47,466$41,764$27,142
13 years$63,002$55,131$48,120$41,905$36,419$22,670
14 years$57,900$50,112$43,236$37,199$31,925$19,017
15 years$53,482$45,778$39,036$33,175$28,109$16,009
16 years$49,620$42,001$35,392$29,704$24,843$13,517
17 years$46,216$38,681$32,205$26,689$22,028$11,440
18 years$43,194$35,743$29,399$24,052$19,586$9,702
19 years$40,493$33,126$26,914$21,733$17,457$8,242
20 years$38,065$30,783$24,700$19,684$15,593$7,011
21 years$35,871$28,673$22,719$17,864$13,954$5,972
22 years$33,880$26,765$20,939$16,243$12,508$5,092
23 years$32,064$25,033$19,334$14,793$11,228$4,345
24 years$30,402$23,454$17,881$13,492$10,092$3,710
25 years$28,875$22,010$16,561$12,321$9,081$3,171
26 years$27,468$20,686$15,359$11,266$8,180$2,711
27 years$26,168$19,468$14,263$10,312$7,375$2,319
28 years$24,962$18,345$13,259$9,448$6,655$1,984
29 years$23,842$17,306$12,339$8,664$6,009$1,698
30 years$22,798$16,344$11,493$7,951$5,429$1,454
31 years$21,824$15,450$10,715$7,303$4,909$1,245
32 years$20,912$14,619$9,997$6,711$4,440$1,067
33 years$20,058$13,845$9,334$6,172$4,018$914
34 years$19,255$13,122$8,721$5,679$3,638$783
35 years$18,500$12,446$8,154$5,227$3,295$671
36 years$17,788$11,813$7,628$4,814$2,986$575
37 years$17,117$11,219$7,139$4,436$2,706$493
38 years$16,482$10,662$6,686$4,089$2,453$423
39 years$15,881$10,139$6,264$3,770$2,225$362
40 years$15,312$9,646$5,871$3,477$2,018$311
41 years$14,772$9,182$5,505$3,208$1,831$266
42 years$14,259$8,745$5,164$2,961$1,661$228
43 years$13,771$8,332$4,846$2,733$1,508$196
44 years$13,307$7,942$4,549$2,524$1,368$168
45 years$12,865$7,574$4,271$2,331$1,242$144
46 years$12,443$7,225$4,011$2,153$1,128$123
47 years$12,040$6,895$3,769$1,989$1,024$106
48 years$11,655$6,582$3,541$1,838$930$91
49 years$11,287$6,286$3,329$1,698$845$78
50 years$10,935$6,004$3,130$1,570$767$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,200,000, adding $5,993 every year, while hoping to spend $41,980 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: 44/41/15 Blend
52$11,200,000$11,200,000$11,200,000$11,200,000
53$12,348,582$11,754,982$11,581,382$12,838,251
54$13,563,471$12,286,309$11,924,692$13,712,626
55$14,900,871$12,842,265$12,278,095$14,655,101
56$16,373,236$13,424,012$12,641,887$15,675,723
57$17,994,284$14,032,766$13,016,368$16,781,715
58$19,779,135$14,669,806$13,401,851$17,981,005
59$21,744,448$15,336,468$13,798,654$19,282,297
60$23,908,580$16,034,153$14,207,107$20,695,144
61$26,291,758$16,764,330$14,627,549$22,230,039
62$28,916,273$17,528,538$15,060,327$23,898,505
63$31,806,685$18,328,388$15,505,800$25,713,202
64$34,990,059$19,165,571$15,964,337$27,688,035
65$38,496,219$20,041,858$16,436,316$29,838,287
66$42,358,028$20,959,103$16,922,127$32,180,750
67$46,611,700$21,919,253$17,422,171$34,733,883
68$51,297,141$22,924,343$17,936,861$37,517,977
69$56,458,324$23,976,512$18,466,622$40,555,337
70$62,143,709$25,077,996$19,011,889$43,870,490
71$68,406,691$26,231,142$19,573,111$47,490,406
72$75,306,114$27,438,408$20,150,750$51,444,747
73$82,906,819$28,702,371$20,745,282$55,766,134
74$91,280,259$30,025,732$21,357,194$60,490,452
75$100,505,174$31,411,322$21,986,989$65,657,174
76$110,668,332$32,862,107$22,635,183$71,309,729
77$121,865,349$34,381,197$23,302,308$77,495,900
78$134,201,590$35,971,851$23,988,911$84,268,262
79$147,793,165$37,637,485$24,695,553$91,684,672
80$162,768,026$39,381,680$25,422,812$99,808,801
81$179,267,172$41,208,189$26,171,283$108,710,723
82$197,445,980$43,120,947$26,941,577$118,467,563
83$217,475,673$45,124,077$27,734,324$129,164,218
84$239,544,937$47,221,902$28,550,169$140,894,134
85$263,861,698$49,418,952$29,389,777$153,760,184
86$290,655,089$51,719,978$30,253,831$167,875,619
87$320,177,609$54,129,959$31,143,036$183,365,123
88$352,707,511$56,654,113$32,058,114$200,365,969
89$388,551,425$59,297,912$32,999,809$219,029,306
90$428,047,252$62,067,091$33,968,884$239,521,561
91$471,567,356$64,967,663$34,966,126$262,025,995
92$519,522,078$68,005,930$35,992,343$286,744,408
93$572,363,610$71,188,500$37,048,366$313,899,032
94$630,590,261$74,522,300$38,135,049$343,734,598
95$694,751,167$78,014,591$39,253,272$376,520,630
96$765,451,466$81,672,987$40,403,937$412,553,964
97$843,358,020$85,505,468$41,587,974$452,161,523
98$929,205,704$89,520,401$42,806,337$495,703,381
99$1,023,804,344$93,726,559$44,060,007$543,576,132
100$1,128,046,365$98,133,138$45,349,995$596,216,606