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

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,213,322
2 years$641,827$629,874$618,289$607,057$596,162$557,593
3 years$423,635$411,630$400,074$388,947$378,230$340,919
4 years$314,560$302,591$291,151$280,215$269,757$233,990
5 years$249,132$237,235$225,945$215,232$205,065$170,939
6 years$205,527$193,720$182,598$172,122$162,261$129,806
7 years$174,394$162,686$151,739$141,511$131,961$101,175
8 years$151,054$139,452$128,687$118,710$109,475$80,337
9 years$132,910$121,418$110,838$101,115$92,194$64,672
10 years$118,404$107,024$96,631$87,162$78,553$52,609
11 years$106,543$95,277$85,073$75,857$67,559$43,145
12 years$96,666$85,516$75,500$66,537$58,545$35,611
13 years$88,315$77,281$67,454$58,742$51,052$29,544
14 years$81,163$70,247$60,608$52,145$44,752$24,613
15 years$74,970$64,171$54,721$46,504$39,403$20,574
16 years$69,557$58,876$49,612$41,639$34,825$17,247
17 years$64,785$54,223$45,145$37,412$30,878$14,490
18 years$60,549$50,104$41,212$33,716$27,455$12,198
19 years$56,763$46,436$37,727$30,465$24,472$10,284
20 years$53,359$43,151$34,624$27,592$21,858$8,683
21 years$50,284$40,193$31,848$25,042$19,561$7,339
22 years$47,492$37,519$29,353$22,769$17,533$6,208
23 years$44,947$35,091$27,102$20,736$15,739$5,256
24 years$42,617$32,878$25,065$18,912$14,147$4,453
25 years$40,477$30,854$23,215$17,272$12,730$3,775
26 years$38,505$28,998$21,531$15,792$11,467$3,202
27 years$36,682$27,290$19,993$14,455$10,338$2,716
28 years$34,992$25,716$18,586$13,244$9,328$2,305
29 years$33,421$24,260$17,296$12,145$8,423$1,957
30 years$31,958$22,911$16,111$11,146$7,611$1,662
31 years$30,592$21,658$15,019$10,237$6,881$1,412
32 years$29,314$20,493$14,013$9,408$6,224$1,199
33 years$28,116$19,407$13,084$8,651$5,633$1,019
34 years$26,991$18,394$12,225$7,960$5,100$866
35 years$25,933$17,446$11,430$7,328$4,619$736
36 years$24,935$16,559$10,692$6,749$4,185$625
37 years$23,994$15,727$10,008$6,218$3,793$531
38 years$23,104$14,946$9,372$5,731$3,439$452
39 years$22,262$14,213$8,780$5,284$3,119$384
40 years$21,464$13,522$8,230$4,874$2,829$326
41 years$20,707$12,872$7,717$4,497$2,566$278
42 years$19,988$12,259$7,239$4,150$2,329$236
43 years$19,305$11,680$6,793$3,831$2,113$201
44 years$18,654$11,133$6,376$3,537$1,918$171
45 years$18,034$10,617$5,987$3,267$1,741$145
46 years$17,442$10,128$5,623$3,018$1,581$123
47 years$16,878$9,665$5,283$2,788$1,436$105
48 years$16,338$9,227$4,964$2,576$1,304$89
49 years$15,822$8,811$4,666$2,381$1,184$76
50 years$15,329$8,417$4,387$2,201$1,076$64

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 $4,010 every year, while hoping to spend $25,969 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: 80/15/5 Blend
52$15,700,000$15,700,000$15,700,000$15,700,000
53$17,305,536$16,473,436$16,230,086$18,686,971
54$19,043,070$17,253,004$16,746,163$20,370,993
55$20,956,962$18,069,900$17,278,659$22,214,414
56$23,065,173$18,925,926$17,828,095$24,236,182
57$25,387,496$19,822,971$18,395,011$26,454,071
58$27,945,740$20,763,017$18,979,963$28,887,650
59$30,763,940$21,748,139$19,583,527$31,558,462
60$33,868,580$22,780,516$20,206,293$34,490,231
61$37,288,845$23,862,431$20,848,873$37,709,076
62$41,056,895$24,996,278$21,511,899$41,243,760
63$45,208,171$26,184,568$22,196,020$45,125,955
64$49,781,727$27,429,934$22,901,909$49,390,541
65$54,820,599$28,735,136$23,630,258$54,075,929
66$60,372,211$30,103,069$24,381,783$59,224,421
67$66,488,824$31,536,768$25,157,221$64,882,605
68$73,228,030$33,039,415$25,957,334$71,101,794
69$80,653,291$34,614,349$26,782,906$77,938,503
70$88,834,543$36,265,068$27,634,750$85,454,980
71$97,848,853$37,995,243$28,513,700$93,719,788
72$107,781,148$39,808,721$29,420,621$102,808,449
73$118,725,016$41,709,540$30,356,403$112,804,151
74$130,783,590$43,701,929$31,321,964$123,798,530
75$144,070,519$45,790,327$32,318,254$135,892,526
76$158,711,046$47,979,387$33,346,249$149,197,337
77$174,843,185$50,273,989$34,406,961$163,835,454
78$192,619,026$52,679,250$35,501,430$179,941,821
79$212,206,170$55,200,537$36,630,731$197,665,094
80$233,789,313$57,843,478$37,795,975$217,169,045
81$257,571,988$60,613,972$38,998,304$238,634,095
82$283,778,484$63,518,211$40,238,901$262,259,015
83$312,655,969$66,562,682$41,518,984$288,262,789
84$344,476,818$69,754,194$42,839,809$316,886,681
85$379,541,186$73,099,882$44,202,676$348,396,499
86$418,179,844$76,607,233$45,608,922$383,085,095
87$460,757,296$80,284,096$47,059,930$421,275,125
88$507,675,227$84,138,703$48,557,124$463,322,082
89$559,376,288$88,179,687$50,101,975$509,617,643
90$616,348,280$92,416,103$51,696,003$560,593,356
91$679,128,758$96,857,445$53,340,771$616,724,705
92$748,310,102$101,513,670$55,037,898$678,535,582
93$824,545,114$106,395,223$56,789,050$746,603,229
94$908,553,181$111,513,053$58,595,948$821,563,667
95$1,001,127,061$116,878,649$60,460,368$904,117,692
96$1,103,140,372$122,504,054$62,384,141$995,037,478
97$1,215,555,840$128,401,902$64,369,160$1,095,173,846
98$1,339,434,382$134,585,442$66,417,373$1,205,464,290
99$1,475,945,129$141,068,568$68,530,795$1,326,941,804
100$1,626,376,458$147,865,854$70,711,502$1,460,744,623