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%17.4%
1 years$941,401$933,016$924,835$916,849$909,052$881,719
2 years$466,040$457,361$448,949$440,793$432,882$405,574
3 years$307,607$298,890$290,500$282,420$274,638$248,212
4 years$228,406$219,716$211,409$203,468$195,874$170,533
5 years$180,898$172,260$164,062$156,283$148,900$124,712
6 years$149,236$140,663$132,587$124,981$117,820$94,806
7 years$126,630$118,129$110,180$102,754$95,819$73,979
8 years$109,682$101,258$93,442$86,197$79,491$58,812
9 years$96,508$88,163$80,481$73,421$66,943$47,402
10 years$85,975$77,712$70,165$63,290$57,039$38,608
11 years$77,362$69,182$61,772$55,081$49,055$31,704
12 years$70,191$62,094$54,821$48,313$42,510$26,202
13 years$64,127$56,115$48,979$42,653$37,070$21,768
14 years$58,934$51,007$44,008$37,863$32,495$18,160
15 years$54,437$46,596$39,733$33,767$28,611$15,202
16 years$50,506$42,751$36,024$30,235$25,287$12,761
17 years$47,042$39,372$32,781$27,166$22,421$10,737
18 years$43,965$36,381$29,924$24,482$19,936$9,052
19 years$41,216$33,718$27,394$22,121$17,769$7,644
20 years$38,745$31,332$25,141$20,035$15,872$6,463
21 years$36,512$29,185$23,125$18,183$14,203$5,471
22 years$34,485$27,243$21,313$16,533$12,731$4,636
23 years$32,637$25,480$19,679$15,057$11,428$3,931
24 years$30,945$23,873$18,200$13,733$10,272$3,336
25 years$29,391$22,404$16,857$12,541$9,243$2,832
26 years$27,959$21,056$15,634$11,467$8,326$2,406
27 years$26,635$19,816$14,517$10,496$7,507$2,045
28 years$25,408$18,672$13,496$9,617$6,773$1,738
29 years$24,268$17,615$12,559$8,819$6,116$1,478
30 years$23,205$16,636$11,698$8,093$5,526$1,257
31 years$22,214$15,726$10,906$7,433$4,996$1,070
32 years$21,286$14,880$10,175$6,831$4,520$910
33 years$20,416$14,092$9,501$6,282$4,090$774
34 years$19,599$13,356$8,877$5,780$3,703$659
35 years$18,830$12,668$8,299$5,321$3,354$561
36 years$18,106$12,024$7,764$4,900$3,039$478
37 years$17,422$11,420$7,267$4,515$2,754$407
38 years$16,776$10,853$6,805$4,162$2,497$346
39 years$16,165$10,320$6,376$3,837$2,264$295
40 years$15,586$9,819$5,976$3,539$2,054$251
41 years$15,036$9,346$5,603$3,265$1,863$214
42 years$14,514$8,901$5,256$3,014$1,691$182
43 years$14,017$8,481$4,932$2,782$1,535$155
44 years$13,545$8,084$4,630$2,569$1,393$132
45 years$13,095$7,709$4,347$2,372$1,264$112
46 years$12,665$7,354$4,083$2,191$1,148$96
47 years$12,255$7,018$3,836$2,024$1,043$82
48 years$11,863$6,700$3,605$1,871$947$70
49 years$11,489$6,398$3,388$1,729$860$59
50 years$11,130$6,111$3,185$1,598$781$50

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 $4,125 every year, while hoping to spend $34,184 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: 79/16/5 Blend
52$11,400,000$11,400,000$11,400,000$11,400,000
53$12,567,055$11,962,855$11,786,155$13,557,138
54$13,812,523$12,512,663$12,144,620$14,755,882
55$15,183,883$13,088,267$12,513,947$16,065,558
56$16,693,940$13,690,893$12,894,465$17,501,098
57$18,356,804$14,321,828$13,286,512$19,075,019
58$20,188,023$14,982,423$13,690,435$20,801,102
59$22,204,729$15,674,089$14,106,592$22,694,516
60$24,425,801$16,398,309$14,535,352$24,771,967
61$26,872,042$17,156,636$14,977,096$27,051,845
62$29,566,376$17,950,697$15,432,215$29,554,400
63$32,534,064$18,782,199$15,901,112$32,301,932
64$35,802,942$19,652,930$16,384,202$35,318,995
65$39,403,683$20,564,764$16,881,914$38,632,631
66$43,370,088$21,519,667$17,394,688$42,272,617
67$47,739,404$22,519,698$17,922,977$46,271,751
68$52,552,676$23,567,015$18,467,249$50,666,150
69$57,855,133$24,663,883$19,027,986$55,495,597
70$63,696,616$25,812,673$19,605,683$60,803,905
71$70,132,048$27,015,871$20,200,851$66,639,333
72$77,221,954$28,276,086$20,814,016$73,055,038
73$85,033,027$29,596,048$21,445,719$80,109,568
74$93,638,765$30,978,623$22,096,520$87,867,419
75$103,120,158$32,426,814$22,766,992$96,399,633
76$113,566,455$33,943,770$23,457,727$105,784,468
77$125,076,008$35,532,789$24,169,336$116,108,132
78$137,757,197$37,197,332$24,902,445$127,465,592
79$151,729,455$38,941,025$25,657,701$139,961,468
80$167,124,396$40,767,672$26,435,771$153,711,011
81$184,087,056$42,681,259$27,237,340$168,841,192
82$202,777,259$44,685,965$28,063,115$185,491,889
83$223,371,133$46,786,170$28,913,823$203,817,209
84$246,062,766$48,986,470$29,790,213$223,986,930
85$271,066,040$51,291,679$30,693,057$246,188,103
86$298,616,652$53,706,847$31,623,150$270,626,809
87$328,974,335$56,237,267$32,581,311$297,530,098
88$362,425,314$58,888,490$33,568,381$327,148,126
89$399,285,003$61,666,334$34,585,229$359,756,510
90$439,900,989$64,576,899$35,632,750$395,658,921
91$484,656,306$67,626,584$36,711,863$435,189,942
92$533,973,057$70,822,093$37,823,518$478,718,223
93$588,316,392$74,170,460$38,968,689$526,649,946
94$648,198,908$77,679,056$40,148,384$579,432,655
95$714,185,478$81,355,611$41,363,637$637,559,472
96$786,898,593$85,208,232$42,615,515$701,573,739
97$867,024,231$89,245,417$43,905,116$772,074,137
98$955,318,336$93,476,076$45,233,571$849,720,333
99$1,052,613,955$97,909,553$46,602,044$935,239,188
100$1,159,829,102$102,555,644$48,011,736$1,029,431,612