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%11.4%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,244,572
2 years$641,827$629,874$618,289$607,057$596,162$588,728
3 years$423,635$411,630$400,074$388,947$378,230$370,961
4 years$314,560$302,591$291,151$280,215$269,757$262,708
5 years$249,132$237,235$225,945$215,232$205,065$198,258
6 years$205,527$193,720$182,598$172,122$162,261$155,704
7 years$174,394$162,686$151,739$141,511$131,961$125,658
8 years$151,054$139,452$128,687$118,710$109,475$103,426
9 years$132,910$121,418$110,838$101,115$92,194$86,397
10 years$118,404$107,024$96,631$87,162$78,553$73,006
11 years$106,543$95,277$85,073$75,857$67,559$62,257
12 years$96,666$85,516$75,500$66,537$58,545$53,484
13 years$88,315$77,281$67,454$58,742$51,052$46,228
14 years$81,163$70,247$60,608$52,145$44,752$40,158
15 years$74,970$64,171$54,721$46,504$39,403$35,034
16 years$69,557$58,876$49,612$41,639$34,825$30,674
17 years$64,785$54,223$45,145$37,412$30,878$26,939
18 years$60,549$50,104$41,212$33,716$27,455$23,721
19 years$56,763$46,436$37,727$30,465$24,472$20,935
20 years$53,359$43,151$34,624$27,592$21,858$18,513
21 years$50,284$40,193$31,848$25,042$19,561$16,400
22 years$47,492$37,519$29,353$22,769$17,533$14,549
23 years$44,947$35,091$27,102$20,736$15,739$12,925
24 years$42,617$32,878$25,065$18,912$14,147$11,495
25 years$40,477$30,854$23,215$17,272$12,730$10,234
26 years$38,505$28,998$21,531$15,792$11,467$9,119
27 years$36,682$27,290$19,993$14,455$10,338$8,133
28 years$34,992$25,716$18,586$13,244$9,328$7,258
29 years$33,421$24,260$17,296$12,145$8,423$6,481
30 years$31,958$22,911$16,111$11,146$7,611$5,791
31 years$30,592$21,658$15,019$10,237$6,881$5,177
32 years$29,314$20,493$14,013$9,408$6,224$4,630
33 years$28,116$19,407$13,084$8,651$5,633$4,142
34 years$26,991$18,394$12,225$7,960$5,100$3,707
35 years$25,933$17,446$11,430$7,328$4,619$3,319
36 years$24,935$16,559$10,692$6,749$4,185$2,972
37 years$23,994$15,727$10,008$6,218$3,793$2,662
38 years$23,104$14,946$9,372$5,731$3,439$2,385
39 years$22,262$14,213$8,780$5,284$3,119$2,137
40 years$21,464$13,522$8,230$4,874$2,829$1,916
41 years$20,707$12,872$7,717$4,497$2,566$1,717
42 years$19,988$12,259$7,239$4,150$2,329$1,540
43 years$19,305$11,680$6,793$3,831$2,113$1,381
44 years$18,654$11,133$6,376$3,537$1,918$1,238
45 years$18,034$10,617$5,987$3,267$1,741$1,110
46 years$17,442$10,128$5,623$3,018$1,581$996
47 years$16,878$9,665$5,283$2,788$1,436$893
48 years$16,338$9,227$4,964$2,576$1,304$801
49 years$15,822$8,811$4,666$2,381$1,184$719
50 years$15,329$8,417$4,387$2,201$1,076$645

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 $6,180 every year, while hoping to spend $55,285 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: 48/30/22 Blend
52$15,700,000$15,700,000$15,700,000$15,700,000
53$17,307,775$16,475,675$16,232,325$18,030,306
54$19,014,345$17,224,160$16,717,285$19,283,458
55$20,893,132$18,007,468$17,216,638$20,637,438
56$22,961,645$18,827,247$17,730,808$22,106,626
57$25,239,174$19,685,224$18,260,232$23,701,868
58$27,746,978$20,583,207$18,805,358$25,435,081
59$30,508,480$21,523,095$19,366,647$27,319,357
60$33,549,491$22,506,873$19,944,577$29,369,083
61$36,898,454$23,536,624$20,539,635$31,600,070
62$40,586,709$24,614,531$21,152,325$34,029,697
63$44,648,791$25,742,881$21,783,165$36,677,071
64$49,122,756$26,924,071$22,432,690$39,563,196
65$54,050,538$28,160,612$23,101,446$42,711,170
66$59,478,348$29,455,137$23,790,000$46,146,393
67$65,457,107$30,810,406$24,498,932$49,896,801
68$72,042,926$32,229,309$25,228,840$53,993,121
69$79,297,638$33,714,879$25,980,340$58,469,154
70$87,289,380$35,270,291$26,754,064$63,362,085
71$96,093,236$36,898,875$27,550,665$68,712,828
72$105,791,946$38,604,120$28,370,812$74,566,398
73$116,476,687$40,389,684$29,215,197$80,972,333
74$128,247,931$42,259,400$30,084,528$87,985,147
75$141,216,396$44,217,288$30,979,536$95,664,836
76$155,504,091$46,267,557$31,900,973$104,077,435
77$171,245,465$48,414,624$32,849,612$113,295,626
78$188,588,678$50,663,116$33,826,249$123,399,419
79$207,696,998$53,017,883$34,831,704$134,476,889
80$228,750,343$55,484,011$35,866,817$146,624,996
81$251,946,979$58,066,829$36,932,457$159,950,491
82$277,505,392$60,771,924$38,029,515$174,570,904
83$305,666,347$63,605,153$39,158,908$190,615,644
84$336,695,164$66,572,656$40,321,582$208,227,201
85$370,884,223$69,680,868$41,518,507$227,562,478
86$408,555,719$72,936,537$42,750,683$248,794,256
87$450,064,709$76,346,734$44,019,137$272,112,804
88$495,802,460$79,918,874$45,324,929$297,727,662
89$546,200,143$83,660,731$46,669,146$325,869,595
90$601,732,903$87,580,452$48,052,908$356,792,755
91$662,924,346$91,686,581$49,477,367$390,777,060
92$730,351,478$95,988,072$50,943,707$428,130,812
93$804,650,156$100,494,315$52,453,149$469,193,585
94$886,521,089$105,215,154$54,006,947$514,339,410
95$976,736,450$110,160,906$55,606,389$563,980,276
96$1,076,147,170$115,342,393$57,252,805$618,569,999
97$1,185,690,967$120,770,955$58,947,560$678,608,475
98$1,306,401,200$126,458,486$60,692,057$744,646,371
99$1,439,416,623$132,417,453$62,487,742$817,290,297
100$1,585,992,139$138,660,929$64,336,102$897,208,496