Can I retire at age 53 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,220,848
2 years$637,739$625,862$614,351$603,190$592,365$569,160
3 years$420,936$409,008$397,526$386,470$375,821$353,252
4 years$312,556$300,664$289,297$278,430$268,038$246,280
5 years$247,545$235,724$224,506$213,861$203,758$182,873
6 years$204,218$192,487$181,434$171,026$161,227$141,237
7 years$173,283$161,650$150,773$140,610$131,121$112,032
8 years$150,092$138,564$127,867$117,954$108,777$90,585
9 years$132,064$120,645$110,132$100,471$91,606$74,299
10 years$117,650$106,342$96,016$86,607$78,053$61,615
11 years$105,864$94,670$84,531$75,374$67,128$51,540
12 years$96,050$84,971$75,019$66,113$58,172$43,413
13 years$87,752$76,789$67,024$58,368$50,727$36,773
14 years$80,646$69,799$60,222$51,813$44,467$31,293
15 years$74,493$63,763$54,372$46,208$39,152$26,732
16 years$69,114$58,501$49,296$41,374$34,603$22,908
17 years$64,373$53,877$44,858$37,174$30,681$19,685
18 years$60,163$49,785$40,949$33,501$27,280$16,953
19 years$56,401$46,140$37,487$30,271$24,316$14,629
20 years$53,019$42,876$34,404$27,417$21,719$12,644
21 years$49,964$39,937$31,645$24,882$19,436$10,944
22 years$47,190$37,280$29,166$22,624$17,422$9,484
23 years$44,661$34,867$26,929$20,604$15,639$8,227
24 years$42,346$32,668$24,905$18,792$14,057$7,143
25 years$40,219$30,657$23,067$17,162$12,649$6,207
26 years$38,260$28,813$21,394$15,692$11,394$5,397
27 years$36,448$27,116$19,866$14,363$10,272$4,695
28 years$34,769$25,552$18,468$13,160$9,269$4,087
29 years$33,209$24,105$17,186$12,068$8,369$3,559
30 years$31,755$22,765$16,008$11,075$7,562$3,100
31 years$30,398$21,520$14,924$10,172$6,837$2,702
32 years$29,128$20,362$13,924$9,348$6,185$2,355
33 years$27,937$19,284$13,001$8,596$5,597$2,053
34 years$26,819$18,277$12,147$7,909$5,068$1,791
35 years$25,768$17,335$11,357$7,281$4,590$1,562
36 years$24,776$16,453$10,624$6,706$4,159$1,363
37 years$23,841$15,627$9,944$6,178$3,769$1,189
38 years$22,957$14,851$9,312$5,695$3,417$1,037
39 years$22,120$14,122$8,725$5,251$3,099$905
40 years$21,328$13,436$8,177$4,843$2,811$790
41 years$20,576$12,790$7,668$4,468$2,550$690
42 years$19,861$12,181$7,193$4,124$2,314$602
43 years$19,182$11,606$6,749$3,807$2,100$526
44 years$18,535$11,063$6,335$3,515$1,906$459
45 years$17,919$10,549$5,949$3,246$1,730$401
46 years$17,331$10,063$5,587$2,998$1,571$350
47 years$16,770$9,604$5,249$2,770$1,427$305
48 years$16,234$9,168$4,933$2,560$1,296$267
49 years$15,722$8,755$4,636$2,366$1,177$233
50 years$15,231$8,363$4,359$2,187$1,069$203

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,600,000, adding $6,564 every year, while hoping to spend $31,412 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: 50/37/13 Blend
52$15,600,000$15,600,000$15,600,000$15,600,000
53$17,197,971$16,371,171$16,129,371$17,996,788
54$18,918,742$17,139,936$16,636,283$19,314,374
55$20,813,978$17,945,318$17,159,123$20,741,566
56$22,901,443$18,789,078$17,698,393$22,291,781
57$25,200,709$19,673,061$18,254,608$23,976,590
58$27,733,345$20,599,205$18,828,301$25,808,699
59$30,523,118$21,569,538$19,420,021$27,802,068
60$33,596,219$22,586,187$20,030,333$29,972,027
61$36,981,507$23,651,385$20,659,824$32,335,424
62$40,710,787$24,767,468$21,309,094$34,910,772
63$44,819,104$25,936,891$21,978,765$37,718,416
64$49,345,077$27,162,224$22,669,479$40,780,719
65$54,331,265$28,446,162$23,381,896$44,122,265
66$59,824,562$29,791,533$24,116,698$47,770,084
67$65,876,649$31,201,299$24,874,589$51,753,895
68$72,544,472$32,678,568$25,656,293$56,106,380
69$79,890,789$34,226,598$26,462,559$60,863,482
70$87,984,753$35,848,805$27,294,159$66,064,737
71$96,902,573$37,548,772$28,151,888$71,753,630
72$106,728,226$39,330,252$29,036,567$77,978,004
73$117,554,256$41,197,186$29,949,043$84,790,490
74$129,482,643$43,153,701$30,890,189$92,249,001
75$142,625,769$45,204,128$31,860,906$100,417,259
76$157,107,473$47,353,007$32,862,122$109,365,390
77$173,064,229$49,605,097$33,894,797$119,170,564
78$190,646,425$51,965,392$34,959,918$129,917,718
79$210,019,789$54,439,125$36,058,503$141,700,335
80$231,366,951$57,031,785$37,191,606$154,621,316
81$254,889,164$59,749,127$38,360,310$168,793,932
82$280,808,212$62,597,186$39,565,732$184,342,877
83$309,368,493$65,582,292$40,809,028$201,405,429
84$340,839,335$68,711,080$42,091,386$220,132,720
85$375,517,533$71,990,509$43,414,034$240,691,153
86$413,730,154$75,427,877$44,778,236$263,263,942
87$455,837,622$79,030,835$46,185,300$288,052,828
88$502,237,122$82,807,409$47,636,570$315,279,955
89$553,366,349$86,766,012$49,133,435$345,189,945
90$609,707,640$90,915,470$50,677,329$378,052,184
91$671,792,527$95,265,036$52,269,727$414,163,337
92$740,206,756$99,824,414$53,912,154$453,850,121
93$815,595,815$104,603,780$55,606,182$497,472,360
94$898,671,029$109,613,807$57,353,430$545,426,356
95$990,216,275$114,865,684$59,155,571$598,148,592
96$1,091,095,382$120,371,149$61,014,328$656,119,825
97$1,202,260,284$126,142,509$62,931,482$719,869,587
98$1,324,760,011$132,192,670$64,908,864$789,981,151
99$1,459,750,589$138,535,168$66,948,369$867,096,994
100$1,608,505,956$145,184,197$69,051,946$951,924,827