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%15.7%
1 years$933,143$924,831$916,722$908,807$901,078$880,009
2 years$461,952$453,349$445,011$436,926$429,085$407,978
3 years$304,909$296,268$287,951$279,943$272,229$251,744
4 years$226,403$217,789$209,555$201,683$194,156$174,450
5 years$179,311$170,749$162,623$154,912$147,594$128,723
6 years$147,927$139,429$131,424$123,884$116,786$98,769
7 years$125,519$117,093$109,214$101,852$94,979$77,818
8 years$108,720$100,370$92,622$85,441$78,794$62,483
9 years$95,662$87,390$79,775$72,777$66,356$50,882
10 years$85,221$77,030$69,550$62,734$56,538$41,884
11 years$76,684$68,575$61,231$54,598$48,625$34,770
12 years$69,575$61,550$54,341$47,890$42,137$29,060
13 years$63,564$55,623$48,550$42,279$36,745$24,419
14 years$58,417$50,560$43,622$37,531$32,210$20,611
15 years$53,959$46,187$39,385$33,471$28,360$17,461
16 years$50,063$42,376$35,708$29,970$25,065$14,837
17 years$46,629$39,027$32,493$26,927$22,224$12,640
18 years$43,580$36,062$29,662$24,267$19,761$10,791
19 years$40,855$33,422$27,154$21,927$17,613$9,229
20 years$38,405$31,057$24,921$19,859$15,732$7,905
21 years$36,192$28,929$22,922$18,024$14,079$6,779
22 years$34,182$27,004$21,126$16,388$12,620$5,821
23 years$32,350$25,256$19,506$14,925$11,328$5,002
24 years$30,673$23,664$18,040$13,612$10,182$4,302
25 years$29,133$22,207$16,709$12,431$9,162$3,703
26 years$27,714$20,871$15,497$11,367$8,253$3,189
27 years$26,402$19,642$14,390$10,404$7,441$2,748
28 years$25,185$18,509$13,377$9,532$6,714$2,368
29 years$24,055$17,461$12,449$8,741$6,063$2,042
30 years$23,002$16,490$11,596$8,022$5,478$1,762
31 years$22,019$15,588$10,810$7,368$4,953$1,520
32 years$21,099$14,750$10,086$6,771$4,480$1,312
33 years$20,237$13,968$9,417$6,227$4,054$1,132
34 years$19,427$13,239$8,799$5,729$3,671$977
35 years$18,665$12,557$8,227$5,274$3,325$844
36 years$17,947$11,918$7,696$4,857$3,012$729
37 years$17,269$11,320$7,203$4,475$2,730$630
38 years$16,629$10,758$6,745$4,125$2,475$544
39 years$16,023$10,229$6,320$3,803$2,245$470
40 years$15,449$9,732$5,923$3,508$2,036$406
41 years$14,904$9,264$5,554$3,237$1,847$351
42 years$14,387$8,823$5,210$2,987$1,676$303
43 years$13,894$8,407$4,889$2,757$1,521$262
44 years$13,426$8,013$4,589$2,546$1,381$226
45 years$12,980$7,641$4,309$2,351$1,253$195
46 years$12,554$7,290$4,047$2,172$1,138$169
47 years$12,148$6,956$3,802$2,007$1,033$146
48 years$11,759$6,641$3,573$1,854$938$126
49 years$11,388$6,342$3,358$1,714$852$109
50 years$11,033$6,058$3,157$1,584$774$94

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 $4,634 every year, while hoping to spend $31,114 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: 78/14/8 Blend
52$11,300,000$11,300,000$11,300,000$11,300,000
53$12,457,380$11,858,480$11,683,330$13,414,954
54$13,694,928$12,406,440$12,041,616$14,592,172
55$15,057,662$12,980,208$12,410,863$15,878,410
56$16,558,320$13,581,015$12,791,403$17,288,109
57$18,210,936$14,210,151$13,183,582$18,833,551
58$20,030,974$14,868,971$13,587,755$20,528,256
59$22,035,475$15,558,893$14,004,286$22,387,111
60$24,243,218$16,281,403$14,433,554$24,426,506
61$26,674,894$17,038,060$14,875,946$26,664,490
62$29,353,306$17,830,497$15,331,863$29,120,933
63$32,303,579$18,660,427$15,801,716$31,817,720
64$35,553,402$19,529,646$16,285,931$34,778,949
65$39,133,284$20,440,034$16,784,945$38,031,157
66$43,076,847$21,393,564$17,299,209$41,603,572
67$47,421,142$22,392,304$17,829,188$45,528,382
68$52,206,993$23,438,422$18,375,361$49,841,038
69$57,479,391$24,534,190$18,938,221$54,580,586
70$63,287,914$25,681,990$19,518,276$59,790,032
71$69,687,193$26,884,319$20,116,050$65,516,747
72$76,737,432$28,143,796$20,732,083$71,812,908
73$84,504,972$29,463,164$21,366,930$78,735,989
74$93,062,922$30,845,302$22,021,165$86,349,301
75$102,491,844$32,293,226$22,695,378$94,722,584
76$112,880,516$33,810,098$23,390,177$103,932,663
77$124,326,769$35,399,233$24,106,188$114,064,168
78$136,938,412$37,064,108$24,844,058$125,210,332
79$150,834,247$38,808,366$25,604,451$137,473,863
80$166,145,193$40,635,829$26,388,053$150,967,911
81$183,015,520$42,550,502$27,195,570$165,817,131
82$201,604,211$44,556,584$28,027,730$182,158,857
83$222,086,463$46,658,480$28,885,281$200,144,391
84$244,655,342$48,860,805$29,768,998$219,940,424
85$269,523,603$51,168,400$30,679,675$241,730,609
86$296,925,698$53,586,339$31,618,132$265,717,288
87$327,119,994$56,119,945$32,585,214$292,123,391
88$360,391,206$58,774,795$33,581,791$321,194,541
89$397,053,088$61,556,739$34,608,761$353,201,361
90$437,451,395$64,471,911$35,667,046$388,442,026
91$481,967,144$67,526,741$36,757,599$427,245,067
92$531,020,215$70,727,973$37,881,400$469,972,465
93$585,073,309$74,082,677$39,039,460$517,023,065
94$644,636,324$77,598,265$40,232,819$568,836,328
95$710,271,161$81,282,512$41,462,550$625,896,473
96$782,597,032$85,143,568$42,729,758$688,737,037
97$862,296,306$89,189,979$44,035,582$757,945,908
98$950,120,948$93,430,708$45,381,193$834,170,859
99$1,046,899,623$97,875,150$46,767,800$918,125,655
100$1,153,545,511$102,533,159$48,196,649$1,010,596,783