Can I retire at age 53 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$941,401$933,016$924,835$916,849$909,052$883,851
2 years$466,040$457,361$448,949$440,793$432,882$407,680
3 years$307,607$298,890$290,500$282,420$274,638$250,225
4 years$228,406$219,716$211,409$203,468$195,874$172,437
5 years$180,898$172,260$164,062$156,283$148,900$126,504
6 years$149,236$140,663$132,587$124,981$117,820$96,485
7 years$126,630$118,129$110,180$102,754$95,819$75,546
8 years$109,682$101,258$93,442$86,197$79,491$60,269
9 years$96,508$88,163$80,481$73,421$66,943$48,754
10 years$85,975$77,712$70,165$63,290$57,039$39,859
11 years$77,362$69,182$61,772$55,081$49,055$32,857
12 years$70,191$62,094$54,821$48,313$42,510$27,264
13 years$64,127$56,115$48,979$42,653$37,070$22,741
14 years$58,934$51,007$44,008$37,863$32,495$19,051
15 years$54,437$46,596$39,733$33,767$28,611$16,015
16 years$50,506$42,751$36,024$30,235$25,287$13,502
17 years$47,042$39,372$32,781$27,166$22,421$11,411
18 years$43,965$36,381$29,924$24,482$19,936$9,663
19 years$41,216$33,718$27,394$22,121$17,769$8,196
20 years$38,745$31,332$25,141$20,035$15,872$6,962
21 years$36,512$29,185$23,125$18,183$14,203$5,921
22 years$34,485$27,243$21,313$16,533$12,731$5,040
23 years$32,637$25,480$19,679$15,057$11,428$4,294
24 years$30,945$23,873$18,200$13,733$10,272$3,661
25 years$29,391$22,404$16,857$12,541$9,243$3,124
26 years$27,959$21,056$15,634$11,467$8,326$2,666
27 years$26,635$19,816$14,517$10,496$7,507$2,277
28 years$25,408$18,672$13,496$9,617$6,773$1,945
29 years$24,268$17,615$12,559$8,819$6,116$1,662
30 years$23,205$16,636$11,698$8,093$5,526$1,421
31 years$22,214$15,726$10,906$7,433$4,996$1,215
32 years$21,286$14,880$10,175$6,831$4,520$1,039
33 years$20,416$14,092$9,501$6,282$4,090$889
34 years$19,599$13,356$8,877$5,780$3,703$760
35 years$18,830$12,668$8,299$5,321$3,354$650
36 years$18,106$12,024$7,764$4,900$3,039$556
37 years$17,422$11,420$7,267$4,515$2,754$476
38 years$16,776$10,853$6,805$4,162$2,497$407
39 years$16,165$10,320$6,376$3,837$2,264$349
40 years$15,586$9,819$5,976$3,539$2,054$298
41 years$15,036$9,346$5,603$3,265$1,863$255
42 years$14,514$8,901$5,256$3,014$1,691$219
43 years$14,017$8,481$4,932$2,782$1,535$187
44 years$13,545$8,084$4,630$2,569$1,393$160
45 years$13,095$7,709$4,347$2,372$1,264$137
46 years$12,665$7,354$4,083$2,191$1,148$117
47 years$12,255$7,018$3,836$2,024$1,043$101
48 years$11,863$6,700$3,605$1,871$947$86
49 years$11,489$6,398$3,388$1,729$860$74
50 years$11,130$6,111$3,185$1,598$781$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,400,000, adding $5,583 every year, while hoping to spend $44,626 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: 21/50/29 Blend
52$11,400,000$11,400,000$11,400,000$11,400,000
53$12,568,559$11,964,359$11,787,659$12,716,540
54$13,803,070$12,503,131$12,135,064$13,391,901
55$15,162,006$13,066,807$12,492,611$14,109,279
56$16,658,010$13,656,560$12,860,593$14,875,186
57$18,305,016$14,273,620$13,239,312$15,693,580
58$20,118,374$14,919,274$13,629,075$16,568,782
59$22,115,002$15,594,872$14,030,203$17,505,511
60$24,313,540$16,301,828$14,443,022$18,508,921
61$26,734,526$17,041,623$14,867,869$19,584,641
62$29,400,595$17,815,810$15,305,090$20,738,829
63$32,336,686$18,626,015$15,755,041$21,978,215
64$35,570,281$19,473,943$16,218,088$23,310,164
65$39,131,664$20,361,380$16,694,607$24,742,733
66$43,054,203$21,290,197$17,184,986$26,284,743
67$47,374,672$22,262,357$17,689,623$27,945,852
68$52,133,590$23,279,914$18,208,927$29,736,637
69$57,375,608$24,345,022$18,743,318$31,668,687
70$63,149,931$25,459,939$19,293,231$33,754,705
71$69,510,778$26,627,030$19,859,108$36,008,610
72$76,517,898$27,848,775$20,441,408$38,445,668
73$84,237,130$29,127,771$21,040,602$41,082,618
74$92,741,027$30,466,742$21,657,172$43,937,826
75$102,109,541$31,868,541$22,291,616$47,031,438
76$112,430,774$33,336,160$22,944,446$50,385,567
77$123,801,814$34,872,733$23,616,186$54,024,480
78$136,329,648$36,481,546$24,307,377$57,974,824
79$150,132,173$38,166,042$25,018,574$62,265,854
80$165,339,307$39,929,831$25,750,349$66,929,701
81$182,094,219$41,776,695$26,503,288$72,001,657
82$200,554,676$43,710,600$27,277,996$77,520,493
83$220,894,536$45,735,703$28,075,092$83,528,809
84$243,305,386$47,856,359$28,895,214$90,073,420
85$267,998,349$50,077,134$29,739,017$97,205,774
86$295,206,083$52,402,816$30,607,177$104,982,425
87$325,184,970$54,838,421$31,500,384$113,465,546
88$358,217,542$57,389,209$32,419,352$122,723,492
89$394,615,143$60,060,691$33,364,812$132,831,425
90$434,720,870$62,858,648$34,337,516$143,872,001
91$478,912,814$65,789,137$35,338,238$155,936,128
92$527,607,624$68,858,508$36,367,772$169,123,795
93$581,264,445$72,073,417$37,426,935$183,544,994
94$640,389,247$75,440,844$38,516,566$199,320,729
95$705,539,609$78,968,103$39,637,529$216,584,130
96$777,329,972$82,662,864$40,790,710$235,481,680
97$856,437,451$86,533,166$41,977,020$256,174,567
98$943,608,217$90,587,437$43,197,396$278,840,172
99$1,039,664,546$94,834,512$44,452,800$303,673,708
100$1,145,512,582$99,283,656$45,744,221$330,890,030