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

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$941,401$933,016$924,835$916,849$909,052$878,196
2 years$466,040$457,361$448,949$440,793$432,882$402,105
3 years$307,607$298,890$290,500$282,420$274,638$244,906
4 years$228,406$219,716$211,409$203,468$195,874$167,414
5 years$180,898$172,260$164,062$156,283$148,900$121,788
6 years$149,236$140,663$132,587$124,981$117,820$92,077
7 years$126,630$118,129$110,180$102,754$95,819$71,441
8 years$109,682$101,258$93,442$86,197$79,491$56,460
9 years$96,508$88,163$80,481$73,421$66,943$45,230
10 years$85,975$77,712$70,165$63,290$57,039$36,608
11 years$77,362$69,182$61,772$55,081$49,055$29,868
12 years$70,191$62,094$54,821$48,313$42,510$24,522
13 years$64,127$56,115$48,979$42,653$37,070$20,234
14 years$58,934$51,007$44,008$37,863$32,495$16,763
15 years$54,437$46,596$39,733$33,767$28,611$13,933
16 years$50,506$42,751$36,024$30,235$25,287$11,612
17 years$47,042$39,372$32,781$27,166$22,421$9,699
18 years$43,965$36,381$29,924$24,482$19,936$8,116
19 years$41,216$33,718$27,394$22,121$17,769$6,802
20 years$38,745$31,332$25,141$20,035$15,872$5,708
21 years$36,512$29,185$23,125$18,183$14,203$4,794
22 years$34,485$27,243$21,313$16,533$12,731$4,031
23 years$32,637$25,480$19,679$15,057$11,428$3,391
24 years$30,945$23,873$18,200$13,733$10,272$2,855
25 years$29,391$22,404$16,857$12,541$9,243$2,405
26 years$27,959$21,056$15,634$11,467$8,326$2,026
27 years$26,635$19,816$14,517$10,496$7,507$1,708
28 years$25,408$18,672$13,496$9,617$6,773$1,440
29 years$24,268$17,615$12,559$8,819$6,116$1,215
30 years$23,205$16,636$11,698$8,093$5,526$1,025
31 years$22,214$15,726$10,906$7,433$4,996$865
32 years$21,286$14,880$10,175$6,831$4,520$730
33 years$20,416$14,092$9,501$6,282$4,090$616
34 years$19,599$13,356$8,877$5,780$3,703$520
35 years$18,830$12,668$8,299$5,321$3,354$439
36 years$18,106$12,024$7,764$4,900$3,039$370
37 years$17,422$11,420$7,267$4,515$2,754$313
38 years$16,776$10,853$6,805$4,162$2,497$264
39 years$16,165$10,320$6,376$3,837$2,264$223
40 years$15,586$9,819$5,976$3,539$2,054$188
41 years$15,036$9,346$5,603$3,265$1,863$159
42 years$14,514$8,901$5,256$3,014$1,691$134
43 years$14,017$8,481$4,932$2,782$1,535$113
44 years$13,545$8,084$4,630$2,569$1,393$96
45 years$13,095$7,709$4,347$2,372$1,264$81
46 years$12,665$7,354$4,083$2,191$1,148$68
47 years$12,255$7,018$3,836$2,024$1,043$58
48 years$11,863$6,700$3,605$1,871$947$49
49 years$11,489$6,398$3,388$1,729$860$41
50 years$11,130$6,111$3,185$1,598$781$35

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 $2,872 every year, while hoping to spend $52,026 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: 27/45/28 Blend
52$11,400,000$11,400,000$11,400,000$11,400,000
53$12,565,762$11,961,562$11,784,862$12,795,401
54$13,792,115$12,492,324$12,124,300$13,512,502
55$15,141,812$13,047,349$12,473,365$14,277,205
56$16,627,379$13,627,771$12,832,325$15,097,191
57$18,262,619$14,234,779$13,201,455$15,977,207
58$20,062,739$14,869,617$13,581,038$16,922,446
59$22,044,498$15,533,587$13,971,362$17,938,594
60$24,226,360$16,228,056$14,372,726$19,031,877
61$26,628,672$16,954,454$14,785,435$20,209,110
62$29,273,853$17,714,279$15,209,804$21,477,764
63$32,186,608$18,509,100$15,646,154$22,846,023
64$35,394,158$19,340,563$16,094,816$24,322,860
65$38,926,502$20,210,389$16,556,132$25,918,110
66$42,816,691$21,120,385$17,030,448$27,642,563
67$47,101,150$22,072,440$17,518,125$29,508,052
68$51,820,014$23,068,536$18,019,529$31,527,560
69$57,017,510$24,110,750$18,535,038$33,715,337
70$62,742,375$25,201,255$19,065,040$36,087,022
71$69,048,312$26,342,331$19,609,934$38,659,785
72$75,994,500$27,536,365$20,170,127$41,452,481
73$83,646,152$28,785,860$20,746,039$44,485,814
74$92,075,129$30,093,437$21,338,101$47,782,530
75$101,360,619$31,461,843$21,946,755$51,367,614
76$111,589,885$32,893,956$22,572,454$55,268,521
77$122,859,087$34,392,793$23,215,664$59,515,421
78$135,274,188$35,961,514$23,876,863$64,141,473
79$148,951,959$37,603,433$24,556,542$69,183,127
80$164,021,077$39,322,019$25,255,205$74,680,453
81$180,623,339$41,120,910$25,973,366$80,677,508
82$198,915,004$43,003,919$26,711,558$87,222,740
83$219,068,263$44,975,039$27,470,324$94,369,425
84$241,272,868$47,038,459$28,250,222$102,176,160
85$265,737,922$49,198,564$29,051,826$110,707,399
86$292,693,851$51,459,955$29,875,723$120,034,043
87$322,394,580$53,827,449$30,722,516$130,234,096
88$355,119,931$56,306,098$31,592,824$141,393,379
89$391,178,263$58,901,196$32,487,283$153,606,325
90$430,909,382$61,618,290$33,406,543$166,976,846
91$474,687,749$64,463,197$34,351,272$181,619,300
92$522,926,017$67,442,011$35,322,157$197,659,542
93$576,078,921$70,561,120$36,319,900$215,236,094
94$634,647,578$73,827,221$37,345,223$234,501,427
95$699,184,208$77,247,332$38,398,865$255,623,378
96$770,297,355$80,828,810$39,481,585$278,786,704
97$848,657,629$84,579,365$40,594,162$304,194,806
98$935,004,034$88,507,081$41,737,393$332,071,612
99$1,030,150,947$92,620,429$42,912,097$362,663,669
100$1,134,995,805$96,928,292$44,119,114$396,242,436