Can I retire at age 53 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,251,974
2 years$645,915$633,886$622,227$610,924$599,959$591,950
3 years$426,333$414,251$402,622$391,425$380,639$372,808
4 years$316,563$304,519$293,006$281,999$271,475$263,883
5 years$250,719$238,746$227,385$216,603$206,371$199,041
6 years$206,836$194,954$183,761$173,219$163,294$156,235
7 years$175,504$163,722$152,706$142,413$132,802$126,017
8 years$152,016$140,340$129,507$119,467$110,172$103,662
9 years$133,757$122,191$111,544$101,759$92,781$86,544
10 years$119,158$107,706$97,247$87,717$79,054$73,087
11 years$107,222$95,884$85,614$76,340$67,989$62,288
12 years$97,282$86,060$75,981$66,961$58,918$53,477
13 years$88,877$77,773$67,884$59,116$51,377$46,192
14 years$81,680$70,694$60,994$52,477$45,037$40,101
15 years$75,448$64,580$55,069$46,800$39,654$34,961
16 years$70,000$59,251$49,928$41,904$35,047$30,589
17 years$65,198$54,568$45,433$37,651$31,075$26,846
18 years$60,935$50,423$41,474$33,931$27,630$23,622
19 years$57,124$46,732$37,968$30,659$24,627$20,834
20 years$53,699$43,425$34,845$27,768$21,998$18,410
21 years$50,604$40,449$32,051$25,201$19,685$16,296
22 years$47,795$37,758$29,540$22,914$17,645$14,447
23 years$45,233$35,314$27,275$20,868$15,839$12,824
24 years$42,889$33,087$25,224$19,033$14,237$11,397
25 years$40,735$31,051$23,363$17,382$12,811$10,139
26 years$38,750$29,182$21,668$15,893$11,540$9,027
27 years$36,915$27,464$20,120$14,547$10,404$8,044
28 years$35,215$25,879$18,705$13,328$9,388$7,173
29 years$33,634$24,414$17,406$12,222$8,477$6,400
30 years$32,162$23,057$16,213$11,217$7,659$5,714
31 years$30,787$21,796$15,115$10,302$6,925$5,104
32 years$29,501$20,624$14,103$9,468$6,264$4,561
33 years$28,295$19,531$13,168$8,707$5,669$4,077
34 years$27,163$18,511$12,303$8,011$5,133$3,646
35 years$26,098$17,557$11,503$7,374$4,649$3,261
36 years$25,094$16,664$10,760$6,792$4,212$2,918
37 years$24,147$15,827$10,072$6,258$3,817$2,612
38 years$23,251$15,042$9,432$5,768$3,461$2,338
39 years$22,404$14,303$8,836$5,318$3,138$2,093
40 years$21,601$13,608$8,282$4,905$2,847$1,875
41 years$20,839$12,954$7,766$4,526$2,583$1,679
42 years$20,116$12,337$7,285$4,177$2,343$1,504
43 years$19,428$11,754$6,836$3,856$2,127$1,347
44 years$18,773$11,204$6,417$3,560$1,930$1,207
45 years$18,149$10,684$6,025$3,288$1,753$1,082
46 years$17,553$10,192$5,659$3,037$1,591$970
47 years$16,985$9,727$5,316$2,806$1,445$869
48 years$16,442$9,285$4,996$2,593$1,312$779
49 years$15,923$8,867$4,696$2,396$1,192$698
50 years$15,426$8,470$4,415$2,215$1,082$626

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,800,000, adding $3,673 every year, while hoping to spend $32,499 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: 43/50/7 Blend
52$15,800,000$15,800,000$15,800,000$15,800,000
53$17,415,389$16,577,989$16,333,089$18,128,961
54$19,157,180$17,355,731$16,845,668$19,402,047
55$21,075,544$18,170,494$17,374,330$20,776,749
56$23,188,458$19,024,057$17,919,579$22,265,194
57$25,515,730$19,918,286$18,481,935$23,877,784
58$28,079,189$20,855,136$19,061,934$25,625,927
59$30,902,888$21,836,658$19,660,129$27,522,137
60$34,013,331$22,865,004$20,277,093$29,580,143
61$37,439,728$23,942,426$20,913,413$31,815,011
62$41,214,264$25,071,289$21,569,696$34,243,275
63$45,372,407$26,254,070$22,246,569$36,883,089
64$49,953,240$27,493,367$22,944,676$39,754,380
65$54,999,834$28,791,905$23,664,686$42,879,036
66$60,559,647$30,152,539$24,407,283$46,281,093
67$66,684,982$31,578,264$25,173,178$49,986,957
68$73,433,470$33,072,219$25,963,099$54,025,637
69$80,868,622$34,637,696$26,777,802$58,429,010
70$89,060,426$36,278,147$27,618,062$63,232,106
71$98,086,005$37,997,192$28,484,682$68,473,428
72$108,030,347$39,798,624$29,378,489$74,195,298
73$118,987,108$41,686,422$30,300,334$80,444,245
74$131,059,496$43,664,760$31,251,098$87,271,426
75$144,361,242$45,738,010$32,231,687$94,733,095
76$159,017,677$47,910,761$33,243,037$102,891,115
77$175,166,913$50,187,821$34,286,112$111,813,524
78$192,961,148$52,574,235$35,361,907$121,575,159
79$212,568,103$55,075,290$36,471,448$132,258,346
80$234,172,601$57,696,531$37,615,794$143,953,650
81$257,978,319$60,443,774$38,796,036$156,760,713
82$284,209,704$63,323,115$40,013,299$170,789,173
83$313,114,095$66,340,948$41,268,745$186,159,669
84$344,964,055$69,503,978$42,563,571$203,004,964
85$380,059,950$72,819,234$43,899,012$221,471,165
86$418,732,777$76,294,089$45,276,342$241,719,076
87$461,347,295$79,936,273$46,696,873$263,925,693
88$508,305,461$83,753,893$48,161,961$288,285,838
89$560,050,235$87,755,450$49,673,003$315,013,970
90$617,069,750$91,949,858$51,231,439$344,346,178
91$679,901,928$96,346,465$52,838,757$376,542,371
92$749,139,558$100,955,075$54,496,488$411,888,701
93$825,435,886$105,785,967$56,206,214$450,700,222
94$909,510,789$110,849,922$57,969,564$493,323,828
95$1,002,157,565$116,158,244$59,788,221$540,141,481
96$1,104,250,428$121,722,789$61,663,917$591,573,781
97$1,216,752,757$127,555,990$63,598,443$648,083,885
98$1,340,726,189$133,670,885$65,593,642$710,181,833
99$1,477,340,648$140,081,146$67,651,417$778,429,313
100$1,627,885,384$146,801,112$69,773,729$853,444,914