Can I retire at age 53 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$933,143$924,831$916,722$908,807$901,078$890,187
2 years$461,952$453,349$445,011$436,926$429,085$418,125
3 years$304,909$296,268$287,951$279,943$272,229$261,540
4 years$226,403$217,789$209,555$201,683$194,156$183,820
5 years$179,311$170,749$162,623$154,912$147,594$137,642
6 years$147,927$139,429$131,424$123,884$116,786$107,229
7 years$125,519$117,093$109,214$101,852$94,979$85,821
8 years$108,720$100,370$92,622$85,441$78,794$70,034
9 years$95,662$87,390$79,775$72,777$66,356$57,991
10 years$85,221$77,030$69,550$62,734$56,538$48,563
11 years$76,684$68,575$61,231$54,598$48,625$41,031
12 years$69,575$61,550$54,341$47,890$42,137$34,918
13 years$63,564$55,623$48,550$42,279$36,745$29,889
14 years$58,417$50,560$43,622$37,531$32,210$25,710
15 years$53,959$46,187$39,385$33,471$28,360$22,204
16 years$50,063$42,376$35,708$29,970$25,065$19,242
17 years$46,629$39,027$32,493$26,927$22,224$16,723
18 years$43,580$36,062$29,662$24,267$19,761$14,570
19 years$40,855$33,422$27,154$21,927$17,613$12,721
20 years$38,405$31,057$24,921$19,859$15,732$11,126
21 years$36,192$28,929$22,922$18,024$14,079$9,747
22 years$34,182$27,004$21,126$16,388$12,620$8,551
23 years$32,350$25,256$19,506$14,925$11,328$7,510
24 years$30,673$23,664$18,040$13,612$10,182$6,602
25 years$29,133$22,207$16,709$12,431$9,162$5,810
26 years$27,714$20,871$15,497$11,367$8,253$5,116
27 years$26,402$19,642$14,390$10,404$7,441$4,509
28 years$25,185$18,509$13,377$9,532$6,714$3,976
29 years$24,055$17,461$12,449$8,741$6,063$3,508
30 years$23,002$16,490$11,596$8,022$5,478$3,096
31 years$22,019$15,588$10,810$7,368$4,953$2,734
32 years$21,099$14,750$10,086$6,771$4,480$2,415
33 years$20,237$13,968$9,417$6,227$4,054$2,134
34 years$19,427$13,239$8,799$5,729$3,671$1,886
35 years$18,665$12,557$8,227$5,274$3,325$1,667
36 years$17,947$11,918$7,696$4,857$3,012$1,474
37 years$17,269$11,320$7,203$4,475$2,730$1,304
38 years$16,629$10,758$6,745$4,125$2,475$1,154
39 years$16,023$10,229$6,320$3,803$2,245$1,021
40 years$15,449$9,732$5,923$3,508$2,036$903
41 years$14,904$9,264$5,554$3,237$1,847$799
42 years$14,387$8,823$5,210$2,987$1,676$707
43 years$13,894$8,407$4,889$2,757$1,521$626
44 years$13,426$8,013$4,589$2,546$1,381$554
45 years$12,980$7,641$4,309$2,351$1,253$491
46 years$12,554$7,290$4,047$2,172$1,138$434
47 years$12,148$6,956$3,802$2,007$1,033$385
48 years$11,759$6,641$3,573$1,854$938$340
49 years$11,388$6,342$3,358$1,714$852$301
50 years$11,033$6,058$3,157$1,584$774$267

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,300,000, adding $4,232 every year, while hoping to spend $54,159 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: 68/22/10 Blend
52$11,300,000$11,300,000$11,300,000$11,300,000
53$12,456,965$11,858,065$11,682,915$13,278,421
54$13,669,951$12,381,486$12,016,668$14,347,848
55$15,004,846$12,928,739$12,359,787$15,510,072
56$16,474,028$13,500,935$12,712,527$16,779,682
57$18,091,135$14,099,237$13,075,153$18,167,192
58$19,871,195$14,724,863$13,447,935$19,684,174
59$21,830,767$15,379,091$13,831,150$21,343,357
60$23,988,094$16,063,256$14,225,083$23,158,754
61$26,363,283$16,778,759$14,630,027$25,145,783
62$28,978,486$17,527,066$15,046,281$27,321,413
63$31,858,113$18,309,714$15,474,153$29,704,325
64$35,029,062$19,128,312$15,913,959$32,315,078
65$38,520,973$19,984,546$16,366,023$35,176,306
66$42,366,506$20,880,182$16,830,678$38,312,924
67$46,601,650$21,817,071$17,308,266$41,752,365
68$51,266,061$22,797,150$17,799,136$45,524,830
69$56,403,441$23,822,452$18,303,648$49,663,571
70$62,061,943$24,895,103$18,822,171$54,205,203
71$68,294,630$26,017,332$19,355,084$59,190,043
72$75,159,977$27,191,476$19,902,773$64,662,488
73$82,722,416$28,419,980$20,465,637$70,671,429
74$91,052,952$29,705,408$21,044,086$77,270,707
75$100,229,828$31,050,448$21,638,537$84,519,617
76$110,339,263$32,457,913$22,249,421$92,483,463
77$121,476,269$33,930,752$22,877,178$101,234,171
78$133,745,546$35,472,056$23,522,261$110,850,957
79$147,262,468$37,085,063$24,185,133$121,421,074
80$162,154,174$38,773,166$24,866,270$133,040,628
81$178,560,769$40,539,920$25,566,159$145,815,479
82$196,636,644$42,389,052$26,285,301$159,862,232
83$216,551,931$44,324,465$27,024,208$175,309,333
84$238,494,116$46,350,252$27,783,407$192,298,276
85$262,669,801$48,470,700$28,563,437$210,984,925
86$289,306,659$50,690,302$29,364,850$231,540,983
87$318,655,579$53,013,768$30,188,213$254,155,602
88$350,993,037$55,446,032$31,034,108$279,037,163
89$386,623,706$57,992,267$31,903,130$306,415,229
90$425,883,329$60,657,892$32,795,889$336,542,709
91$469,141,889$63,448,590$33,713,012$369,698,228
92$516,807,104$66,370,313$34,655,140$406,188,755
93$569,328,272$69,429,302$35,622,931$446,352,485
94$627,200,515$72,632,097$36,617,058$490,562,021
95$690,969,451$75,985,552$37,638,213$539,227,881
96$761,236,344$79,496,854$38,687,102$592,802,362
97$838,663,783$83,173,531$39,764,451$651,783,792
98$923,981,932$87,023,478$40,871,004$716,721,229
99$1,017,995,428$91,054,966$42,007,521$788,219,621
100$1,121,590,971$95,276,669$43,174,783$866,945,510