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%18.8%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,161,373
2 years$617,299$605,802$594,660$583,857$573,379$530,792
3 years$407,445$395,899$384,785$374,083$363,775$322,662
4 years$302,538$291,027$280,025$269,506$259,447$220,123
5 years$239,611$228,169$217,311$207,006$197,228$159,795
6 years$197,673$186,317$175,619$165,545$156,060$120,546
7 years$167,729$156,469$145,940$136,103$126,918$93,317
8 years$145,281$134,123$123,769$114,174$105,291$73,573
9 years$127,831$116,778$106,602$97,251$88,670$58,795
10 years$113,879$102,934$92,938$83,831$75,551$47,468
11 years$102,471$91,636$81,821$72,958$64,977$38,627
12 years$92,972$82,248$72,614$63,994$56,307$31,629
13 years$84,940$74,328$64,876$56,497$49,101$26,027
14 years$78,061$67,562$58,292$50,152$43,042$21,503
15 years$72,105$61,719$52,629$44,727$37,897$17,822
16 years$66,899$56,626$47,716$40,048$33,494$14,811
17 years$62,310$52,150$43,420$35,983$29,698$12,334
18 years$58,235$48,189$39,637$32,428$26,406$10,290
19 years$54,593$44,661$36,286$29,301$23,536$8,598
20 years$51,320$41,502$33,301$26,538$21,023$7,192
21 years$48,362$38,657$30,631$24,085$18,813$6,023
22 years$45,677$36,085$28,231$21,899$16,863$5,048
23 years$43,229$33,750$26,066$19,943$15,138$4,233
24 years$40,988$31,621$24,107$18,190$13,606$3,553
25 years$38,930$29,675$22,328$16,612$12,243$2,983
26 years$37,033$27,890$20,708$15,189$11,028$2,505
27 years$35,280$26,247$19,229$13,903$9,943$2,105
28 years$33,655$24,733$17,876$12,738$8,972$1,769
29 years$32,144$23,333$16,635$11,681$8,101$1,487
30 years$30,737$22,035$15,495$10,720$7,320$1,251
31 years$29,423$20,830$14,445$9,846$6,618$1,052
32 years$28,194$19,710$13,478$9,048$5,986$885
33 years$27,042$18,666$12,584$8,321$5,418$744
34 years$25,960$17,691$11,758$7,656$4,905$626
35 years$24,942$16,779$10,993$7,048$4,443$527
36 years$23,982$15,926$10,284$6,491$4,025$443
37 years$23,077$15,126$9,625$5,980$3,648$373
38 years$22,221$14,375$9,014$5,512$3,308$314
39 years$21,411$13,669$8,445$5,083$2,999$264
40 years$20,644$13,005$7,915$4,688$2,721$222
41 years$19,916$12,380$7,422$4,325$2,468$187
42 years$19,225$11,790$6,962$3,992$2,240$157
43 years$18,567$11,234$6,533$3,685$2,033$133
44 years$17,941$10,708$6,132$3,402$1,845$112
45 years$17,345$10,211$5,758$3,142$1,675$94
46 years$16,776$9,741$5,408$2,902$1,521$79
47 years$16,233$9,296$5,081$2,681$1,381$67
48 years$15,714$8,874$4,775$2,478$1,254$56
49 years$15,218$8,474$4,488$2,290$1,139$47
50 years$14,743$8,095$4,219$2,117$1,035$40

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 $5,497 every year, while hoping to spend $44,571 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: 66/12/22 Blend
52$15,100,000$15,100,000$15,100,000$15,100,000
53$16,645,870$15,845,570$15,611,520$17,650,649
54$18,296,326$16,574,580$16,087,083$19,055,233
55$20,113,634$17,337,817$16,577,083$20,584,605
56$22,114,767$18,136,912$17,081,957$22,255,577
57$24,318,426$18,973,574$17,602,156$24,082,066
58$26,745,218$19,849,592$18,138,141$26,079,393
59$29,417,852$20,766,844$18,690,391$28,264,419
60$32,361,351$21,727,297$19,259,397$30,655,701
61$35,603,287$22,733,013$19,845,665$33,273,670
62$39,174,045$23,786,153$20,449,717$36,140,816
63$43,107,105$24,888,982$21,072,090$39,281,897
64$47,439,362$26,043,875$21,713,338$42,724,172
65$52,211,473$27,253,321$22,374,031$46,497,654
66$57,468,238$28,519,928$23,054,755$50,635,391
67$63,259,026$29,846,432$23,756,117$55,173,770
68$69,638,238$31,235,699$24,478,739$60,152,863
69$76,665,824$32,690,734$25,223,262$65,616,794
70$84,407,845$34,214,687$25,990,348$71,614,160
71$92,937,099$35,810,860$26,780,678$78,198,478
72$102,333,806$37,482,715$27,594,954$85,428,690
73$112,686,365$39,233,879$28,433,896$93,369,711
74$124,092,194$41,068,158$29,298,251$102,093,042
75$136,658,639$42,989,539$30,188,783$111,677,436
76$150,503,996$45,002,203$31,106,284$122,209,639
77$165,758,624$47,110,531$32,051,565$133,785,198
78$182,566,175$49,319,119$33,025,464$146,509,364
79$201,084,953$51,632,784$34,028,844$160,498,078
80$221,489,402$54,056,574$35,062,595$175,879,053
81$243,971,759$56,595,784$36,127,629$192,792,983
82$268,743,865$59,255,964$37,224,892$211,394,858
83$296,039,166$62,042,933$38,355,352$231,855,419
84$326,114,916$64,962,791$39,520,012$254,362,770
85$359,254,604$68,021,935$40,719,899$279,124,137
86$395,770,634$71,227,070$41,956,076$306,367,822
87$436,007,268$74,585,226$43,229,634$336,345,349
88$480,343,882$78,103,775$44,541,700$369,333,830
89$529,198,543$81,790,445$45,893,431$405,638,568
90$583,031,956$85,653,339$47,286,023$445,595,938
91$642,351,815$89,700,952$48,720,704$489,576,542
92$707,717,594$93,942,192$50,198,741$537,988,708
93$779,745,827$98,386,398$51,721,438$591,282,326
94$859,115,933$103,043,363$53,290,138$649,953,089
95$946,576,625$107,923,355$54,906,224$714,547,158
96$1,042,952,980$113,037,138$56,571,121$785,666,308
97$1,149,154,227$118,396,001$58,286,297$863,973,595
98$1,266,182,333$124,011,780$60,053,263$950,199,603
99$1,395,141,458$129,896,884$61,873,575$1,045,149,327
100$1,537,248,383$136,064,328$63,748,836$1,149,709,757