Can I retire at age 53 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,222,171
2 years$641,827$629,874$618,289$607,057$596,162$566,344
3 years$423,635$411,630$400,074$388,947$378,230$349,295
4 years$314,560$302,591$291,151$280,215$269,757$241,928
5 years$249,132$237,235$225,945$215,232$205,065$178,420
6 years$205,527$193,720$182,598$172,122$162,261$136,826
7 years$174,394$162,686$151,739$141,511$131,961$107,741
8 years$151,054$139,452$128,687$118,710$109,475$86,459
9 years$132,910$121,418$110,838$101,115$92,194$70,364
10 years$118,404$107,024$96,631$87,162$78,553$57,885
11 years$106,543$95,277$85,073$75,857$67,559$48,023
12 years$96,666$85,516$75,500$66,537$58,545$40,110
13 years$88,315$77,281$67,454$58,742$51,052$33,682
14 years$81,163$70,247$60,608$52,145$44,752$28,411
15 years$74,970$64,171$54,721$46,504$39,403$24,051
16 years$69,557$58,876$49,612$41,639$34,825$20,423
17 years$64,785$54,223$45,145$37,412$30,878$17,385
18 years$60,549$50,104$41,212$33,716$27,455$14,831
19 years$56,763$46,436$37,727$30,465$24,472$12,675
20 years$53,359$43,151$34,624$27,592$21,858$10,848
21 years$50,284$40,193$31,848$25,042$19,561$9,297
22 years$47,492$37,519$29,353$22,769$17,533$7,976
23 years$44,947$35,091$27,102$20,736$15,739$6,849
24 years$42,617$32,878$25,065$18,912$14,147$5,886
25 years$40,477$30,854$23,215$17,272$12,730$5,062
26 years$38,505$28,998$21,531$15,792$11,467$4,356
27 years$36,682$27,290$19,993$14,455$10,338$3,750
28 years$34,992$25,716$18,586$13,244$9,328$3,230
29 years$33,421$24,260$17,296$12,145$8,423$2,783
30 years$31,958$22,911$16,111$11,146$7,611$2,398
31 years$30,592$21,658$15,019$10,237$6,881$2,068
32 years$29,314$20,493$14,013$9,408$6,224$1,783
33 years$28,116$19,407$13,084$8,651$5,633$1,538
34 years$26,991$18,394$12,225$7,960$5,100$1,326
35 years$25,933$17,446$11,430$7,328$4,619$1,144
36 years$24,935$16,559$10,692$6,749$4,185$987
37 years$23,994$15,727$10,008$6,218$3,793$852
38 years$23,104$14,946$9,372$5,731$3,439$735
39 years$22,262$14,213$8,780$5,284$3,119$635
40 years$21,464$13,522$8,230$4,874$2,829$548
41 years$20,707$12,872$7,717$4,497$2,566$473
42 years$19,988$12,259$7,239$4,150$2,329$408
43 years$19,305$11,680$6,793$3,831$2,113$352
44 years$18,654$11,133$6,376$3,537$1,918$304
45 years$18,034$10,617$5,987$3,267$1,741$263
46 years$17,442$10,128$5,623$3,018$1,581$227
47 years$16,878$9,665$5,283$2,788$1,436$196
48 years$16,338$9,227$4,964$2,576$1,304$169
49 years$15,822$8,811$4,666$2,381$1,184$146
50 years$15,329$8,417$4,387$2,201$1,076$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,700,000, adding $5,053 every year, while hoping to spend $27,315 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: 51/41/8 Blend
52$15,700,000$15,700,000$15,700,000$15,700,000
53$17,306,612$16,474,512$16,231,162$18,153,788
54$19,042,824$17,252,700$16,745,843$19,509,382
55$20,955,213$18,068,104$17,276,850$20,978,852
56$23,061,722$18,922,519$17,824,702$22,575,594
57$25,382,121$19,817,825$18,389,933$24,311,573
58$27,938,196$20,755,997$18,973,094$26,199,928
59$30,753,954$21,739,103$19,574,755$28,255,087
60$33,855,850$22,769,312$20,195,502$30,492,901
61$37,273,037$23,848,898$20,835,942$32,930,781
62$41,037,640$24,980,247$21,496,698$35,587,862
63$45,185,059$26,165,859$22,178,417$38,485,166
64$49,754,304$27,408,355$22,881,764$41,645,802
65$54,788,364$28,710,486$23,607,424$45,095,168
66$60,334,610$30,075,133$24,356,106$48,861,188
67$66,445,245$31,505,319$25,128,540$52,974,560
68$73,177,795$33,004,215$25,925,481$57,469,041
69$80,595,652$34,575,143$26,747,706$62,381,753
70$88,768,672$36,221,589$27,596,018$67,753,521
71$97,773,837$37,947,207$28,471,245$73,629,251
72$107,695,977$39,755,829$29,374,241$80,058,338
73$118,628,576$41,651,474$30,305,887$87,095,124
74$130,674,650$43,638,355$31,267,093$94,799,392
75$143,947,721$45,720,891$32,258,797$103,236,922
76$158,572,889$47,903,715$33,281,968$112,480,097
77$174,688,013$50,191,686$34,337,603$122,608,568
78$192,445,011$52,589,900$35,426,734$133,709,993
79$212,011,297$55,103,699$36,550,424$145,880,848
80$233,571,355$57,738,687$37,709,769$159,227,317
81$257,328,489$60,500,738$38,905,902$173,866,282
82$283,506,736$63,396,015$40,139,990$189,926,402
83$312,352,982$66,430,979$41,413,239$207,549,312
84$344,139,294$69,612,406$42,726,891$226,890,936
85$379,165,490$72,947,401$44,082,230$248,122,940
86$417,761,963$76,443,416$45,480,577$271,434,325
87$460,292,806$80,108,267$46,923,300$297,033,194
88$507,159,248$83,950,147$48,411,806$325,148,687
89$558,803,439$87,977,652$49,947,549$356,033,116
90$615,712,626$92,199,794$51,532,029$389,964,326
91$678,423,755$96,626,025$53,166,793$427,248,284
92$747,528,535$101,266,257$54,853,437$468,221,937
93$823,679,027$106,130,886$56,593,609$513,256,365
94$907,593,801$111,230,812$58,389,008$562,760,247
95$1,000,064,717$116,577,470$60,241,388$617,183,686
96$1,101,964,401$122,182,849$62,152,557$677,022,424
97$1,214,254,485$128,059,523$64,124,383$742,822,478
98$1,337,994,683$134,220,681$66,158,790$815,185,261
99$1,474,352,799$140,680,152$68,257,768$894,773,215
100$1,624,615,745$147,452,441$70,423,364$982,316,018