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

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$933,143$924,831$916,722$908,807$901,078$872,234
2 years$461,952$453,349$445,011$436,926$429,085$400,291
3 years$304,909$296,268$287,951$279,943$272,229$244,389
4 years$226,403$217,789$209,555$201,683$194,156$167,483
5 years$179,311$170,749$162,623$154,912$147,594$122,160
6 years$147,927$139,429$131,424$123,884$116,786$92,612
7 years$125,519$117,093$109,214$101,852$94,979$72,061
8 years$108,720$100,370$92,622$85,441$78,794$57,118
9 years$95,662$87,390$79,775$72,777$66,356$45,897
10 years$85,221$77,030$69,550$62,734$56,538$37,266
11 years$76,684$68,575$61,231$54,598$48,625$30,502
12 years$69,575$61,550$54,341$47,890$42,137$25,126
13 years$63,564$55,623$48,550$42,279$36,745$20,803
14 years$58,417$50,560$43,622$37,531$32,210$17,295
15 years$53,959$46,187$39,385$33,471$28,360$14,426
16 years$50,063$42,376$35,708$29,970$25,065$12,067
17 years$46,629$39,027$32,493$26,927$22,224$10,116
18 years$43,580$36,062$29,662$24,267$19,761$8,497
19 years$40,855$33,422$27,154$21,927$17,613$7,148
20 years$38,405$31,057$24,921$19,859$15,732$6,021
21 years$36,192$28,929$22,922$18,024$14,079$5,077
22 years$34,182$27,004$21,126$16,388$12,620$4,285
23 years$32,350$25,256$19,506$14,925$11,328$3,619
24 years$30,673$23,664$18,040$13,612$10,182$3,059
25 years$29,133$22,207$16,709$12,431$9,162$2,587
26 years$27,714$20,871$15,497$11,367$8,253$2,189
27 years$26,402$19,642$14,390$10,404$7,441$1,852
28 years$25,185$18,509$13,377$9,532$6,714$1,568
29 years$24,055$17,461$12,449$8,741$6,063$1,328
30 years$23,002$16,490$11,596$8,022$5,478$1,125
31 years$22,019$15,588$10,810$7,368$4,953$953
32 years$21,099$14,750$10,086$6,771$4,480$808
33 years$20,237$13,968$9,417$6,227$4,054$685
34 years$19,427$13,239$8,799$5,729$3,671$580
35 years$18,665$12,557$8,227$5,274$3,325$492
36 years$17,947$11,918$7,696$4,857$3,012$417
37 years$17,269$11,320$7,203$4,475$2,730$354
38 years$16,629$10,758$6,745$4,125$2,475$300
39 years$16,023$10,229$6,320$3,803$2,245$254
40 years$15,449$9,732$5,923$3,508$2,036$216
41 years$14,904$9,264$5,554$3,237$1,847$183
42 years$14,387$8,823$5,210$2,987$1,676$155
43 years$13,894$8,407$4,889$2,757$1,521$131
44 years$13,426$8,013$4,589$2,546$1,381$111
45 years$12,980$7,641$4,309$2,351$1,253$95
46 years$12,554$7,290$4,047$2,172$1,138$80
47 years$12,148$6,956$3,802$2,007$1,033$68
48 years$11,759$6,641$3,573$1,854$938$58
49 years$11,388$6,342$3,358$1,714$852$49
50 years$11,033$6,058$3,157$1,584$774$41

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 $2,491 every year, while hoping to spend $28,612 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: 29/47/24 Blend
52$11,300,000$11,300,000$11,300,000$11,300,000
53$12,455,169$11,856,269$11,681,119$12,723,149
54$13,695,154$12,406,784$12,041,994$13,482,356
55$15,060,658$12,983,314$12,413,999$14,295,321
56$16,564,454$13,587,106$12,797,477$15,168,769
57$18,220,617$14,219,462$13,192,781$16,107,930
58$20,044,656$14,881,752$13,600,275$17,118,524
59$22,053,661$15,575,409$14,020,335$18,206,813
60$24,266,465$16,301,934$14,453,347$19,379,652
61$26,703,820$17,062,905$14,899,710$20,644,549
62$29,388,594$17,859,971$15,359,834$22,009,728
63$32,345,986$18,694,865$15,834,144$23,484,201
64$35,603,764$19,569,401$16,323,075$25,077,846
65$39,192,528$20,485,482$16,827,078$26,801,490
66$43,145,997$21,445,101$17,346,616$28,667,009
67$47,501,328$22,450,351$17,882,168$30,687,427
68$52,299,468$23,503,422$18,434,225$32,877,032
69$57,585,538$24,606,614$19,003,295$35,251,503
70$63,409,260$25,762,336$19,589,903$37,828,048
71$69,825,426$26,973,112$20,194,587$40,625,557
72$76,894,417$28,241,592$20,817,903$43,664,769
73$84,682,769$29,570,552$21,460,424$46,968,461
74$93,263,805$30,962,902$22,122,741$50,561,644
75$102,718,323$32,421,693$22,805,463$54,471,797
76$113,135,362$33,950,127$23,509,216$58,729,109
77$124,613,042$35,551,556$24,234,648$63,366,750
78$137,259,488$37,229,499$24,982,425$68,421,174
79$151,193,854$38,987,642$25,753,234$73,932,450
80$166,547,442$40,829,851$26,547,783$79,944,621
81$183,464,949$42,760,182$27,366,801$86,506,108
82$202,105,826$44,782,883$28,211,041$93,670,151
83$222,645,787$46,902,411$29,081,277$101,495,295
84$245,278,467$49,123,438$29,978,310$110,045,923
85$270,217,248$51,450,865$30,902,961$119,392,848
86$297,697,277$53,889,827$31,856,080$129,613,961
87$327,977,683$56,445,712$32,838,542$140,794,947
88$361,344,020$59,124,166$33,851,247$153,030,073
89$398,110,972$61,931,111$34,895,125$166,423,054
90$438,625,313$64,872,758$35,971,134$181,088,013
91$483,269,189$67,955,617$37,080,261$197,150,530
92$532,463,719$71,186,514$38,223,522$214,748,805
93$586,672,974$74,572,610$39,401,966$234,034,935
94$646,408,359$78,121,409$40,616,674$255,176,326
95$712,233,438$81,840,785$41,868,759$278,357,236
96$784,769,255$85,738,989$43,159,368$303,780,494
97$864,700,197$89,824,678$44,489,685$331,669,378
98$952,780,456$94,106,926$45,860,929$362,269,688
99$1,049,841,149$98,595,252$47,274,356$395,852,037
100$1,156,798,160$103,299,633$48,731,261$432,714,365