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%18.3%
1 years$933,143$924,831$916,722$908,807$901,078$870,840
2 years$461,952$453,349$445,011$436,926$429,085$398,919
3 years$304,909$296,268$287,951$279,943$272,229$243,082
4 years$226,403$217,789$209,555$201,683$194,156$166,252
5 years$179,311$170,749$162,623$154,912$147,594$121,006
6 years$147,927$139,429$131,424$123,884$116,786$91,536
7 years$125,519$117,093$109,214$101,852$94,979$71,062
8 years$108,720$100,370$92,622$85,441$78,794$56,193
9 years$95,662$87,390$79,775$72,777$66,356$45,044
10 years$85,221$77,030$69,550$62,734$56,538$36,481
11 years$76,684$68,575$61,231$54,598$48,625$29,783
12 years$69,575$61,550$54,341$47,890$42,137$24,468
13 years$63,564$55,623$48,550$42,279$36,745$20,203
14 years$58,417$50,560$43,622$37,531$32,210$16,750
15 years$53,959$46,187$39,385$33,471$28,360$13,932
16 years$50,063$42,376$35,708$29,970$25,065$11,620
17 years$46,629$39,027$32,493$26,927$22,224$9,713
18 years$43,580$36,062$29,662$24,267$19,761$8,134
19 years$40,855$33,422$27,154$21,927$17,613$6,822
20 years$38,405$31,057$24,921$19,859$15,732$5,728
21 years$36,192$28,929$22,922$18,024$14,079$4,815
22 years$34,182$27,004$21,126$16,388$12,620$4,052
23 years$32,350$25,256$19,506$14,925$11,328$3,411
24 years$30,673$23,664$18,040$13,612$10,182$2,874
25 years$29,133$22,207$16,709$12,431$9,162$2,423
26 years$27,714$20,871$15,497$11,367$8,253$2,043
27 years$26,402$19,642$14,390$10,404$7,441$1,724
28 years$25,185$18,509$13,377$9,532$6,714$1,455
29 years$24,055$17,461$12,449$8,741$6,063$1,228
30 years$23,002$16,490$11,596$8,022$5,478$1,037
31 years$22,019$15,588$10,810$7,368$4,953$875
32 years$21,099$14,750$10,086$6,771$4,480$739
33 years$20,237$13,968$9,417$6,227$4,054$625
34 years$19,427$13,239$8,799$5,729$3,671$528
35 years$18,665$12,557$8,227$5,274$3,325$446
36 years$17,947$11,918$7,696$4,857$3,012$377
37 years$17,269$11,320$7,203$4,475$2,730$318
38 years$16,629$10,758$6,745$4,125$2,475$269
39 years$16,023$10,229$6,320$3,803$2,245$227
40 years$15,449$9,732$5,923$3,508$2,036$192
41 years$14,904$9,264$5,554$3,237$1,847$162
42 years$14,387$8,823$5,210$2,987$1,676$137
43 years$13,894$8,407$4,889$2,757$1,521$116
44 years$13,426$8,013$4,589$2,546$1,381$98
45 years$12,980$7,641$4,309$2,351$1,253$83
46 years$12,554$7,290$4,047$2,172$1,138$70
47 years$12,148$6,956$3,802$2,007$1,033$59
48 years$11,759$6,641$3,573$1,854$938$50
49 years$11,388$6,342$3,358$1,714$852$42
50 years$11,033$6,058$3,157$1,584$774$36

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 $3,214 every year, while hoping to spend $25,738 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: 86/5/9 Blend
52$11,300,000$11,300,000$11,300,000$11,300,000
53$12,455,915$11,857,015$11,681,865$13,512,900
54$13,699,034$12,410,624$12,045,823$14,756,779
55$15,068,087$12,990,497$12,421,110$16,119,661
56$16,575,895$13,597,894$12,808,080$17,616,575
57$18,236,581$14,234,135$13,207,095$19,261,011
58$20,065,710$14,900,606$13,618,531$21,067,828
59$22,080,434$15,598,757$14,042,773$23,053,392
60$24,299,652$16,330,110$14,480,220$25,235,732
61$26,744,192$17,096,261$14,931,282$27,634,708
62$29,437,002$17,898,881$15,396,384$30,272,197
63$32,403,374$18,739,723$15,875,960$33,172,300
64$35,671,176$19,620,627$16,370,462$36,361,567
65$39,271,117$20,543,519$16,880,354$39,869,246
66$43,237,038$21,510,419$17,406,113$43,727,560
67$47,606,232$22,523,446$17,948,234$47,972,007
68$52,419,793$23,584,820$18,507,225$52,641,699
69$57,723,006$24,696,869$19,083,610$57,779,723
70$63,565,772$25,862,036$19,677,931$63,433,551
71$70,003,084$27,082,878$20,290,745$69,655,487
72$77,095,540$28,362,081$20,922,626$76,503,154
73$84,909,919$29,702,457$21,574,168$84,040,043
74$93,519,809$31,106,956$22,245,982$92,336,108
75$103,006,305$32,578,672$22,938,697$101,468,424
76$113,458,768$34,120,847$23,652,964$111,521,911
77$124,975,676$35,736,882$24,389,452$122,590,140
78$137,665,548$37,430,342$25,148,851$134,776,207
79$151,647,971$39,204,967$25,931,875$148,193,710
80$167,054,729$41,064,674$26,739,258$162,967,817
81$184,031,043$43,013,576$27,571,755$179,236,445
82$202,736,949$45,055,980$28,430,148$197,151,559
83$223,348,801$47,196,407$29,315,241$216,880,608
84$246,060,942$49,439,594$30,227,865$238,608,098
85$271,087,534$51,790,510$31,168,875$262,537,337
86$298,664,582$54,254,364$32,139,152$288,892,347
87$329,052,162$56,836,621$33,139,606$317,919,978
88$362,536,875$59,543,007$34,171,174$349,892,235
89$399,434,552$62,379,530$35,234,824$385,108,843
90$440,093,238$65,352,489$36,331,553$423,900,075
91$484,896,475$68,468,488$37,462,387$466,629,863
92$534,266,925$71,734,453$38,628,386$513,699,234
93$588,670,357$75,157,647$39,830,643$565,550,091
94$648,620,049$78,745,687$41,070,284$622,669,379
95$714,681,626$82,506,557$42,348,471$685,593,683
96$787,478,407$86,448,634$43,666,400$754,914,285
97$867,697,287$90,580,700$45,025,307$831,282,743
98$956,095,219$94,911,963$46,426,463$915,417,039
99$1,053,506,363$99,452,081$47,871,182$1,008,108,353
100$1,160,849,961$104,211,182$49,360,816$1,110,228,526