Can I retire at age 53 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,165,786
2 years$613,211$601,790$590,722$579,991$569,581$539,216
3 years$404,746$393,277$382,236$371,606$361,366$331,921
4 years$300,535$289,100$278,170$267,721$257,729$229,430
5 years$238,024$226,658$215,871$205,635$195,922$168,847
6 years$196,364$185,083$174,456$164,448$155,026$129,203
7 years$166,618$155,433$144,974$135,202$126,078$101,509
8 years$144,319$133,234$122,949$113,418$104,594$81,267
9 years$126,984$116,005$105,896$96,607$88,083$65,979
10 years$113,125$102,252$92,323$83,276$75,051$54,144
11 years$101,793$91,029$81,280$72,475$64,546$44,804
12 years$92,356$81,703$72,133$63,570$55,935$37,323
13 years$84,377$73,836$64,446$56,123$48,776$31,259
14 years$77,544$67,114$57,905$49,820$42,757$26,294
15 years$71,628$61,310$52,281$44,430$37,646$22,197
16 years$66,456$56,251$47,400$39,783$33,272$18,795
17 years$61,897$51,805$43,132$35,744$29,501$15,953
18 years$57,849$47,870$39,374$32,213$26,231$13,569
19 years$54,232$44,366$36,045$29,107$23,380$11,562
20 years$50,980$41,227$33,081$26,362$20,884$9,866
21 years$48,042$38,401$30,428$23,925$18,689$8,429
22 years$45,375$35,846$28,044$21,754$16,752$7,209
23 years$42,943$33,526$25,894$19,811$15,037$6,171
24 years$40,717$31,412$23,947$18,069$13,516$5,287
25 years$38,672$29,478$22,180$16,502$12,162$4,532
26 years$36,788$27,705$20,571$15,088$10,955$3,887
27 years$35,046$26,074$19,102$13,811$9,877$3,336
28 years$33,432$24,569$17,757$12,654$8,912$2,864
29 years$31,931$23,178$16,525$11,604$8,048$2,459
30 years$30,534$21,889$15,392$10,649$7,272$2,112
31 years$29,228$20,693$14,350$9,780$6,574$1,815
32 years$28,007$19,579$13,389$8,989$5,947$1,560
33 years$26,863$18,542$12,501$8,266$5,382$1,341
34 years$25,788$17,574$11,680$7,605$4,873$1,153
35 years$24,776$16,668$10,920$7,001$4,413$991
36 years$23,823$15,821$10,216$6,448$3,999$852
37 years$22,924$15,026$9,562$5,941$3,624$733
38 years$22,074$14,280$8,954$5,476$3,286$631
39 years$21,270$13,579$8,389$5,049$2,980$542
40 years$20,507$12,919$7,863$4,657$2,703$467
41 years$19,784$12,298$7,373$4,297$2,452$401
42 years$19,097$11,712$6,916$3,965$2,225$345
43 years$18,444$11,159$6,490$3,660$2,019$297
44 years$17,822$10,637$6,092$3,380$1,833$256
45 years$17,230$10,143$5,720$3,121$1,664$220
46 years$16,665$9,676$5,372$2,883$1,511$189
47 years$16,125$9,234$5,047$2,664$1,372$163
48 years$15,610$8,815$4,743$2,461$1,246$140
49 years$15,117$8,418$4,458$2,275$1,131$121
50 years$14,645$8,041$4,191$2,103$1,028$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,000,000, adding $3,812 every year, while hoping to spend $59,715 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: 38/35/27 Blend
52$15,000,000$15,000,000$15,000,000$15,000,000
53$16,533,932$15,738,932$15,506,432$17,029,035
54$18,156,857$16,446,603$15,962,361$18,100,080
55$19,943,319$17,186,949$16,431,563$19,251,055
56$21,909,935$17,961,508$16,914,418$20,493,847
57$24,075,017$18,771,890$17,411,319$21,836,824
58$26,458,740$19,619,784$17,922,670$23,289,170
59$29,083,338$20,506,960$18,448,886$24,860,958
60$31,973,307$21,435,270$18,990,393$26,563,247
61$35,155,643$22,406,657$19,547,629$28,408,177
62$38,660,090$23,423,154$20,121,046$30,409,077
63$42,519,426$24,486,896$20,711,108$32,580,585
64$46,769,768$25,600,114$21,318,291$34,938,780
65$51,450,916$26,765,152$21,943,085$37,501,324
66$56,606,727$27,984,461$22,585,995$40,287,624
67$62,285,525$29,260,612$23,247,539$43,319,006
68$68,540,567$30,596,300$23,928,249$46,618,908
69$75,430,532$31,994,346$24,628,673$50,213,094
70$83,020,088$33,457,710$25,349,375$54,129,885
71$91,380,491$34,989,492$26,090,933$58,400,423
72$100,590,263$36,592,940$26,853,942$63,058,947
73$110,735,936$38,271,459$27,639,014$68,143,115
74$121,912,858$40,028,618$28,446,779$73,694,341
75$134,226,106$41,868,156$29,277,882$79,758,180
76$147,791,466$43,793,993$30,132,988$86,384,743
77$162,736,533$45,810,236$31,012,781$93,629,162
78$179,201,912$47,921,191$31,917,962$101,552,093
79$197,342,548$50,131,370$32,849,254$110,220,279
80$217,329,182$52,445,501$33,807,398$119,707,163
81$239,349,970$54,868,543$34,793,158$130,093,570
82$263,612,255$57,405,689$35,807,317$141,468,454
83$290,344,524$60,062,386$36,850,680$153,929,721
84$319,798,564$62,844,342$37,924,077$167,585,135
85$352,251,841$65,757,539$39,028,357$182,553,324
86$388,010,119$68,808,248$40,164,397$198,964,874
87$427,410,341$72,003,042$41,333,094$216,963,549
88$470,823,816$75,348,812$42,535,374$236,707,627
89$518,659,721$78,852,779$43,772,184$258,371,372
90$571,368,963$82,522,515$45,044,502$282,146,656
91$629,448,434$86,365,955$46,353,330$308,244,753
92$693,445,706$90,391,419$47,699,699$336,898,307
93$763,964,197$94,607,627$49,084,667$368,363,502
94$841,668,864$99,023,720$50,509,323$402,922,456
95$927,292,488$103,649,283$51,974,785$440,885,859
96$1,021,642,584$108,494,359$53,482,202$482,595,876
97$1,125,609,026$113,569,482$55,032,755$528,429,347
98$1,240,172,452$118,885,691$56,627,657$578,801,316
99$1,366,413,512$124,454,560$58,268,153$634,168,914
100$1,505,523,080$130,288,223$59,955,526$695,035,644