Can I retire at age 53 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,209,060
2 years$633,651$621,850$610,413$599,324$588,568$561,570
3 years$418,238$406,386$394,978$383,993$373,411$347,191
4 years$310,552$298,737$287,443$276,645$266,320$241,078
5 years$245,958$234,213$223,067$212,490$202,452$178,260
6 years$202,909$191,253$180,271$169,930$160,194$137,077
7 years$172,172$160,614$149,806$139,709$130,280$108,244
8 years$149,130$137,676$127,048$117,198$108,080$87,116
9 years$131,217$119,871$109,426$99,827$91,019$71,112
10 years$116,896$105,661$95,400$86,052$77,553$58,682
11 years$105,186$94,064$83,989$74,891$66,698$48,839
12 years$95,434$84,426$74,538$65,689$57,799$40,925
13 years$87,190$76,297$66,595$57,994$50,402$34,482
14 years$80,129$69,352$59,836$51,480$44,182$29,184
15 years$74,015$63,354$54,024$45,911$38,901$24,793
16 years$68,671$58,126$48,980$41,109$34,381$21,127
17 years$63,960$53,532$44,570$36,936$30,485$18,050
18 years$59,778$49,466$40,687$33,287$27,106$15,455
19 years$56,040$45,845$37,247$30,077$24,160$13,257
20 years$52,680$42,601$34,183$27,241$21,580$11,389
21 years$49,644$39,681$31,442$24,723$19,312$9,798
22 years$46,887$37,041$28,979$22,479$17,310$8,439
23 years$44,374$34,644$26,757$20,472$15,539$7,275
24 years$42,074$32,459$24,745$18,671$13,966$6,277
25 years$39,961$30,461$22,919$17,052$12,568$5,419
26 years$38,014$28,628$21,256$15,591$11,320$4,682
27 years$36,214$26,943$19,738$14,271$10,206$4,047
28 years$34,546$25,388$18,349$13,075$9,209$3,500
29 years$32,996$23,951$17,076$11,990$8,316$3,028
30 years$31,551$22,619$15,905$11,004$7,514$2,620
31 years$30,203$21,382$14,828$10,106$6,793$2,268
32 years$28,941$20,232$13,835$9,288$6,145$1,964
33 years$27,758$19,160$12,918$8,541$5,561$1,701
34 years$26,647$18,159$12,070$7,859$5,035$1,474
35 years$25,602$17,224$11,284$7,234$4,560$1,277
36 years$24,618$16,348$10,556$6,663$4,132$1,106
37 years$23,688$15,527$9,880$6,139$3,745$959
38 years$22,810$14,756$9,252$5,658$3,395$831
39 years$21,979$14,031$8,669$5,217$3,079$720
40 years$21,191$13,350$8,125$4,812$2,793$624
41 years$20,444$12,708$7,619$4,440$2,534$541
42 years$19,734$12,102$7,147$4,097$2,299$469
43 years$19,059$11,531$6,706$3,782$2,086$407
44 years$18,416$10,992$6,295$3,492$1,894$353
45 years$17,804$10,482$5,911$3,225$1,719$306
46 years$17,220$9,999$5,551$2,979$1,561$265
47 years$16,663$9,542$5,216$2,752$1,417$230
48 years$16,130$9,109$4,901$2,543$1,287$199
49 years$15,621$8,699$4,607$2,351$1,169$173
50 years$15,133$8,309$4,331$2,173$1,062$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,500,000, adding $4,100 every year, while hoping to spend $43,643 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: 48/46/6 Blend
52$15,500,000$15,500,000$15,500,000$15,500,000
53$17,085,229$16,263,729$16,023,479$17,878,608
54$18,781,487$17,014,216$16,513,830$19,172,131
55$20,649,300$17,800,014$17,019,145$20,570,751
56$22,706,121$18,622,807$17,539,879$22,088,159
57$24,971,182$19,484,361$18,076,501$23,735,410
58$27,465,673$20,386,526$18,629,495$25,524,636
59$30,212,947$21,331,241$19,199,358$27,469,156
60$33,238,734$22,320,539$19,786,603$29,583,593
61$36,571,390$23,356,550$20,391,759$31,884,007
62$40,242,160$24,441,509$21,015,371$34,388,036
63$44,285,473$25,577,756$21,657,999$37,115,059
64$48,739,271$26,767,745$22,320,221$40,086,364
65$53,645,361$28,014,049$23,002,634$43,325,344
66$59,049,815$29,319,365$23,705,849$46,857,709
67$65,003,402$30,686,519$24,430,500$50,711,716
68$71,562,065$32,118,474$25,177,238$54,918,428
69$78,787,453$33,618,338$25,946,733$59,511,996
70$86,747,502$35,189,365$26,739,678$64,529,969
71$95,517,074$36,834,970$27,556,783$70,013,637
72$105,178,663$38,558,731$28,398,783$76,008,410
73$115,823,179$40,364,401$29,266,434$82,564,232
74$127,550,798$42,255,912$30,160,515$89,736,038
75$140,471,914$44,237,386$31,081,827$97,584,263
76$154,708,179$46,313,148$32,031,198$106,175,392
77$170,393,649$48,487,727$33,009,478$115,582,576
78$187,676,051$50,765,877$34,017,546$125,886,304
79$206,718,180$53,152,576$35,056,305$137,175,146
80$227,699,429$55,653,047$36,126,687$149,546,573
81$250,817,490$58,272,766$37,229,650$163,107,857
82$276,290,214$61,017,471$38,366,183$177,977,064
83$304,357,670$63,893,181$39,537,304$194,284,148
84$335,284,411$66,906,205$40,744,062$212,172,157
85$369,361,970$70,063,159$41,987,538$231,798,559
86$406,911,615$73,370,978$43,268,844$253,336,709
87$448,287,377$76,836,933$44,589,128$276,977,456
88$493,879,397$80,468,650$45,949,571$302,930,919
89$544,117,604$84,274,122$47,351,390$331,428,449
90$599,475,776$88,261,732$48,795,839$362,724,778
91$660,476,016$92,440,267$50,284,210$397,100,397
92$727,693,671$96,818,941$51,817,832$434,864,173
93$801,762,774$101,407,418$53,398,078$476,356,229
94$883,382,023$106,215,827$55,026,360$521,951,127
95$973,321,377$111,254,791$56,704,131$572,061,360
96$1,072,429,329$116,535,447$58,432,890$627,141,213
97$1,181,640,911$122,069,474$60,214,182$687,691,015
98$1,301,986,523$127,869,118$62,049,597$754,261,812
99$1,434,601,663$133,947,219$63,940,773$827,460,536
100$1,580,737,640$140,317,241$65,889,397$907,955,681