Can I retire at age 53 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,198,353
2 years$625,475$613,826$602,537$591,591$580,973$559,194
3 years$412,841$401,142$389,881$379,038$368,593$347,404
4 years$306,545$294,882$283,734$273,075$262,884$242,448
5 years$242,784$231,191$220,189$209,748$199,840$180,216
6 years$200,291$188,785$177,945$167,737$158,127$139,337
7 years$169,950$158,541$147,873$137,906$128,599$110,648
8 years$147,205$135,899$125,408$115,686$106,686$89,570
9 years$129,524$118,325$108,014$98,539$89,845$73,554
10 years$115,387$104,297$94,169$84,941$76,552$61,072
11 years$103,829$92,850$82,905$73,924$65,837$51,151
12 years$94,203$83,337$73,576$64,842$57,053$43,140
13 years$86,065$75,312$65,735$57,245$49,752$36,590
14 years$79,095$68,457$59,064$50,816$43,612$31,180
15 years$73,060$62,537$53,326$45,319$38,399$26,672
16 years$67,785$57,376$48,348$40,578$33,937$22,889
17 years$63,135$52,841$43,995$36,459$30,091$19,696
18 years$59,006$48,828$40,162$32,857$26,756$16,988
19 years$55,316$45,253$36,766$29,689$23,848$14,680
20 years$52,000$42,051$33,742$26,889$21,302$12,708
21 years$49,003$39,169$31,036$24,404$19,062$11,016
22 years$46,282$36,563$28,605$22,189$17,087$9,561
23 years$43,802$34,197$26,411$20,208$15,338$8,306
24 years$41,531$32,040$24,426$18,431$13,786$7,223
25 years$39,446$30,068$22,623$16,832$12,405$6,287
26 years$37,524$28,259$20,982$15,390$11,174$5,475
27 years$35,747$26,595$19,484$14,087$10,075$4,771
28 years$34,100$25,060$18,113$12,907$9,091$4,160
29 years$32,570$23,642$16,855$11,836$8,209$3,628
30 years$31,144$22,327$15,700$10,862$7,417$3,166
31 years$29,813$21,106$14,637$9,976$6,706$2,763
32 years$28,568$19,971$13,656$9,168$6,066$2,413
33 years$27,400$18,913$12,751$8,431$5,489$2,107
34 years$26,304$17,925$11,914$7,757$4,970$1,841
35 years$25,272$17,002$11,139$7,141$4,502$1,608
36 years$24,300$16,137$10,420$6,577$4,079$1,405
37 years$23,383$15,326$9,753$6,060$3,697$1,228
38 years$22,516$14,566$9,133$5,585$3,351$1,074
39 years$21,695$13,850$8,557$5,150$3,039$939
40 years$20,918$13,178$8,020$4,750$2,757$821
41 years$20,180$12,544$7,520$4,382$2,501$718
42 years$19,479$11,946$7,054$4,044$2,269$627
43 years$18,813$11,382$6,620$3,734$2,059$549
44 years$18,179$10,850$6,214$3,447$1,869$480
45 years$17,574$10,346$5,834$3,184$1,697$420
46 years$16,998$9,870$5,480$2,941$1,541$367
47 years$16,448$9,419$5,148$2,717$1,399$321
48 years$15,922$8,992$4,838$2,511$1,271$281
49 years$15,419$8,587$4,547$2,320$1,154$246
50 years$14,938$8,202$4,275$2,145$1,048$215

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,300,000, adding $4,813 every year, while hoping to spend $47,324 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: 58/25/17 Blend
52$15,300,000$15,300,000$15,300,000$15,300,000
53$16,865,565$16,054,665$15,817,515$17,768,806
54$18,535,500$16,790,991$16,297,049$19,117,780
55$20,374,182$17,561,811$16,791,062$20,582,058
56$22,398,774$18,368,765$17,299,988$22,177,261
57$24,628,187$19,213,572$17,824,275$23,916,009
58$27,083,259$20,098,035$18,364,385$25,812,172
59$29,786,953$21,024,040$18,920,794$27,881,006
60$32,764,572$21,993,567$19,493,990$30,139,290
61$36,043,997$23,008,691$20,084,477$32,605,477
62$39,655,953$24,071,585$20,692,776$35,299,865
63$43,634,296$25,184,528$21,319,419$38,244,787
64$48,016,333$26,349,909$21,964,958$41,464,810
65$52,843,175$27,570,230$22,629,960$44,986,968
66$58,160,123$28,848,116$23,315,009$48,841,006
67$64,017,099$30,186,317$24,020,705$53,059,659
68$70,469,114$31,587,717$24,747,669$57,678,952
69$77,576,785$33,055,336$25,496,537$62,738,536
70$85,406,912$34,592,344$26,267,967$68,282,052
71$94,033,108$36,202,059$27,062,634$74,357,539
72$103,536,488$37,887,963$27,881,236$81,017,879
73$114,006,442$39,653,705$28,724,489$88,321,289
74$125,541,471$41,503,109$29,593,131$96,331,861
75$138,250,124$43,440,184$30,487,924$105,120,160
76$152,252,017$45,469,134$31,409,651$114,763,880
77$167,678,966$47,594,364$32,359,117$125,348,568
78$184,676,227$49,820,494$33,337,153$136,968,425
79$203,403,869$52,152,365$34,344,615$149,727,182
80$224,038,287$54,595,054$35,382,382$163,739,068
81$246,773,862$57,153,883$36,451,363$179,129,879
82$271,824,803$59,834,429$37,552,490$196,038,157
83$299,427,159$62,642,543$38,686,725$214,616,478
84$329,841,057$65,584,355$39,855,058$235,032,886
85$363,353,151$68,666,295$41,058,508$257,472,464
86$400,279,330$71,895,101$42,298,126$282,139,070
87$440,967,700$75,277,839$43,574,992$309,257,241
88$485,801,870$78,821,918$44,890,219$339,074,303
89$535,204,573$82,535,104$46,244,953$371,862,688
90$589,641,655$86,425,539$47,640,374$407,922,491
91$649,626,475$90,501,762$49,077,698$447,584,282
92$715,724,750$94,772,723$50,558,176$491,212,213
93$788,559,895$99,247,807$52,083,095$539,207,433
94$868,818,908$103,936,853$53,653,783$592,011,858
95$957,258,856$108,850,179$55,271,604$650,112,321
96$1,054,714,023$113,998,601$56,937,966$714,045,146
97$1,162,103,781$119,393,460$58,654,316$784,401,190
98$1,280,441,276$125,046,649$60,422,145$861,831,395
99$1,410,842,987$130,970,636$62,242,987$947,052,910
100$1,554,539,269$137,178,494$64,118,424$1,040,855,835