Can I retire at age 53 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,183,661
2 years$617,299$605,802$594,660$583,857$573,379$552,854
3 years$407,445$395,899$384,785$374,083$363,775$343,799
4 years$302,538$291,027$280,025$269,506$259,447$240,175
5 years$239,611$228,169$217,311$207,006$197,228$178,714
6 years$197,673$186,317$175,619$165,545$156,060$138,325
7 years$167,729$156,469$145,940$136,103$126,918$109,968
8 years$145,281$134,123$123,769$114,174$105,291$89,122
9 years$127,831$116,778$106,602$97,251$88,670$73,274
10 years$113,879$102,934$92,938$83,831$75,551$60,914
11 years$102,471$91,636$81,821$72,958$64,977$51,082
12 years$92,972$82,248$72,614$63,994$56,307$43,138
13 years$84,940$74,328$64,876$56,497$49,101$36,637
14 years$78,061$67,562$58,292$50,152$43,042$31,262
15 years$72,105$61,719$52,629$44,727$37,897$26,779
16 years$66,899$56,626$47,716$40,048$33,494$23,013
17 years$62,310$52,150$43,420$35,983$29,698$19,831
18 years$58,235$48,189$39,637$32,428$26,406$17,129
19 years$54,593$44,661$36,286$29,301$23,536$14,824
20 years$51,320$41,502$33,301$26,538$21,023$12,851
21 years$48,362$38,657$30,631$24,085$18,813$11,157
22 years$45,677$36,085$28,231$21,899$16,863$9,698
23 years$43,229$33,750$26,066$19,943$15,138$8,439
24 years$40,988$31,621$24,107$18,190$13,606$7,350
25 years$38,930$29,675$22,328$16,612$12,243$6,407
26 years$37,033$27,890$20,708$15,189$11,028$5,589
27 years$35,280$26,247$19,229$13,903$9,943$4,878
28 years$33,655$24,733$17,876$12,738$8,972$4,260
29 years$32,144$23,333$16,635$11,681$8,101$3,722
30 years$30,737$22,035$15,495$10,720$7,320$3,253
31 years$29,423$20,830$14,445$9,846$6,618$2,844
32 years$28,194$19,710$13,478$9,048$5,986$2,487
33 years$27,042$18,666$12,584$8,321$5,418$2,176
34 years$25,960$17,691$11,758$7,656$4,905$1,904
35 years$24,942$16,779$10,993$7,048$4,443$1,666
36 years$23,982$15,926$10,284$6,491$4,025$1,459
37 years$23,077$15,126$9,625$5,980$3,648$1,277
38 years$22,221$14,375$9,014$5,512$3,308$1,118
39 years$21,411$13,669$8,445$5,083$2,999$979
40 years$20,644$13,005$7,915$4,688$2,721$858
41 years$19,916$12,380$7,422$4,325$2,468$751
42 years$19,225$11,790$6,962$3,992$2,240$658
43 years$18,567$11,234$6,533$3,685$2,033$576
44 years$17,941$10,708$6,132$3,402$1,845$505
45 years$17,345$10,211$5,758$3,142$1,675$442
46 years$16,776$9,741$5,408$2,902$1,521$388
47 years$16,233$9,296$5,081$2,681$1,381$340
48 years$15,714$8,874$4,775$2,478$1,254$298
49 years$15,218$8,474$4,488$2,290$1,139$261
50 years$14,743$8,095$4,219$2,117$1,035$228

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,100,000, adding $3,376 every year, while hoping to spend $55,863 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: 29/42/29 Blend
52$15,100,000$15,100,000$15,100,000$15,100,000
53$16,643,682$15,843,382$15,609,332$16,977,408
54$18,281,900$16,560,270$16,072,807$17,959,474
55$20,085,344$17,310,413$16,549,936$19,009,431
56$22,070,808$18,095,382$17,041,118$20,137,117
57$24,256,796$18,916,823$17,546,762$21,349,294
58$26,663,701$19,776,459$18,067,290$22,653,364
59$29,313,991$20,676,097$18,603,136$24,057,435
60$32,232,424$21,617,632$19,154,747$25,570,386
61$35,446,282$22,603,046$19,722,581$27,201,948
62$38,985,627$23,634,420$20,307,112$28,962,786
63$42,883,585$24,713,931$20,908,825$30,864,593
64$47,176,661$25,843,863$21,528,221$32,920,190
65$51,905,077$27,026,609$22,165,812$35,143,640
66$57,113,157$28,264,676$22,822,130$37,550,372
67$62,849,746$29,560,692$23,497,718$40,157,316
68$69,168,665$30,917,410$24,193,136$42,983,054
69$76,129,223$32,337,717$24,908,960$46,047,985
70$83,796,776$33,824,638$25,645,784$49,374,504
71$92,243,345$35,381,343$26,404,215$52,987,209
72$101,548,292$37,011,155$27,184,882$56,913,114
73$111,799,071$38,717,555$27,988,429$61,181,895
74$123,092,055$40,504,193$28,815,519$65,826,157
75$135,533,441$42,374,896$29,666,836$70,881,730
76$149,240,258$44,333,671$30,543,081$76,387,991
77$164,341,466$46,384,723$31,444,976$82,388,221
78$180,979,176$48,532,455$32,373,263$88,929,998
79$199,309,992$50,781,485$33,328,707$96,065,635
80$219,506,485$53,136,652$34,312,093$103,852,648
81$241,758,827$55,603,028$35,324,228$112,354,291
82$266,276,582$58,185,931$36,365,945$121,640,128
83$293,290,687$60,890,935$37,438,097$131,786,673
84$323,055,628$63,723,882$38,541,564$142,878,094
85$355,851,845$66,690,896$39,677,250$155,006,983
86$391,988,380$69,798,396$40,846,085$168,275,209
87$431,805,790$73,053,113$42,049,024$182,794,862
88$475,679,366$76,462,101$43,287,052$198,689,278
89$524,022,672$80,032,755$44,561,179$216,094,188
90$577,291,452$83,772,827$45,872,446$235,158,964
91$635,987,929$87,690,444$47,221,921$256,048,008
92$700,665,549$91,794,126$48,610,706$278,942,275
93$771,934,201$96,092,805$50,039,931$304,040,947
94$850,465,980$100,595,843$51,510,759$331,563,286
95$937,001,527$105,313,056$53,024,387$361,750,671
96$1,032,357,022$110,254,735$54,582,043$394,868,838
97$1,137,431,890$115,431,669$56,184,993$431,210,358
98$1,253,217,289$120,855,168$57,834,537$471,097,359
99$1,380,805,471$126,537,089$59,532,013$514,884,529
100$1,521,400,088$132,489,865$61,278,794$562,962,420