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

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,219,583
2 years$645,915$633,886$622,227$610,924$599,959$559,699
3 years$426,333$414,251$402,622$391,425$380,639$341,712
4 years$316,563$304,519$293,006$281,999$271,475$234,180
5 years$250,719$238,746$227,385$216,603$206,371$170,807
6 years$206,836$194,954$183,761$173,219$163,294$129,492
7 years$175,504$163,722$152,706$142,413$132,802$100,758
8 years$152,016$140,340$129,507$119,467$110,172$79,864
9 years$133,757$122,191$111,544$101,759$92,781$64,175
10 years$119,158$107,706$97,247$87,717$79,054$52,106
11 years$107,222$95,884$85,614$76,340$67,989$42,649
12 years$97,282$86,060$75,981$66,961$58,918$35,132
13 years$88,877$77,773$67,884$59,116$51,377$29,088
14 years$81,680$70,694$60,994$52,477$45,037$24,182
15 years$75,448$64,580$55,069$46,800$39,654$20,172
16 years$70,000$59,251$49,928$41,904$35,047$16,872
17 years$65,198$54,568$45,433$37,651$31,075$14,145
18 years$60,935$50,423$41,474$33,931$27,630$11,880
19 years$57,124$46,732$37,968$30,659$24,627$9,994
20 years$53,699$43,425$34,845$27,768$21,998$8,418
21 years$50,604$40,449$32,051$25,201$19,685$7,099
22 years$47,795$37,758$29,540$22,914$17,645$5,991
23 years$45,233$35,314$27,275$20,868$15,839$5,061
24 years$42,889$33,087$25,224$19,033$14,237$4,277
25 years$40,735$31,051$23,363$17,382$12,811$3,617
26 years$38,750$29,182$21,668$15,893$11,540$3,060
27 years$36,915$27,464$20,120$14,547$10,404$2,590
28 years$35,215$25,879$18,705$13,328$9,388$2,193
29 years$33,634$24,414$17,406$12,222$8,477$1,857
30 years$32,162$23,057$16,213$11,217$7,659$1,573
31 years$30,787$21,796$15,115$10,302$6,925$1,333
32 years$29,501$20,624$14,103$9,468$6,264$1,129
33 years$28,295$19,531$13,168$8,707$5,669$957
34 years$27,163$18,511$12,303$8,011$5,133$811
35 years$26,098$17,557$11,503$7,374$4,649$688
36 years$25,094$16,664$10,760$6,792$4,212$583
37 years$24,147$15,827$10,072$6,258$3,817$494
38 years$23,251$15,042$9,432$5,768$3,461$419
39 years$22,404$14,303$8,836$5,318$3,138$355
40 years$21,601$13,608$8,282$4,905$2,847$301
41 years$20,839$12,954$7,766$4,526$2,583$256
42 years$20,116$12,337$7,285$4,177$2,343$217
43 years$19,428$11,754$6,836$3,856$2,127$184
44 years$18,773$11,204$6,417$3,560$1,930$156
45 years$18,149$10,684$6,025$3,288$1,753$132
46 years$17,553$10,192$5,659$3,037$1,591$112
47 years$16,985$9,727$5,316$2,806$1,445$95
48 years$16,442$9,285$4,996$2,593$1,312$81
49 years$15,923$8,867$4,696$2,396$1,192$68
50 years$15,426$8,470$4,415$2,215$1,082$58

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 $2,662 every year, while hoping to spend $37,132 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: 61/14/25 Blend
52$15,800,000$15,800,000$15,800,000$15,800,000
53$17,414,346$16,576,946$16,332,046$18,360,342
54$19,151,101$17,349,708$16,839,661$19,775,739
55$21,063,761$18,159,091$17,363,037$21,315,657
56$23,170,228$19,006,850$17,902,663$22,995,693
57$25,490,231$19,894,825$18,459,041$24,829,510
58$28,045,508$20,824,945$19,032,693$26,832,139
59$30,860,014$21,799,232$19,624,153$29,020,118
60$33,960,147$22,819,806$20,233,973$31,411,646
61$37,374,995$23,888,889$20,862,724$34,026,749
62$41,136,610$25,008,811$21,510,991$36,887,470
63$45,280,316$26,182,014$22,179,381$40,018,067
64$49,845,034$27,411,059$22,868,516$43,445,242
65$54,873,656$28,698,629$23,579,040$47,198,389
66$60,413,448$30,047,541$24,311,617$51,309,863
67$66,516,492$31,460,743$25,066,929$55,815,289
68$73,240,185$32,941,330$25,845,681$60,753,883
69$80,647,773$34,492,544$26,648,601$66,168,826
70$88,808,953$36,117,786$27,476,436$72,107,663
71$97,800,530$37,820,621$28,329,960$78,622,747
72$107,707,139$39,604,787$29,209,969$85,771,725
73$118,622,047$41,474,201$30,117,283$93,618,083
74$130,648,032$43,432,974$31,052,748$102,231,731
75$143,898,354$45,485,412$32,017,238$111,689,662
76$158,497,821$47,636,032$33,011,651$122,076,673
77$174,583,972$49,889,571$34,036,914$133,486,153
78$192,308,371$52,250,994$35,093,984$146,020,964
79$211,838,039$54,725,506$36,183,846$159,794,400
80$233,357,030$57,318,567$37,307,517$174,931,251
81$257,068,171$60,035,901$38,466,043$191,568,972
82$283,194,974$62,883,509$39,660,504$209,858,973
83$311,983,744$65,867,685$40,892,014$229,968,037
84$343,705,910$68,995,025$42,161,721$252,079,890
85$378,660,581$72,272,450$43,470,807$276,396,921
86$417,177,374$75,707,213$44,820,492$303,142,086
87$459,619,522$79,306,923$46,212,035$332,561,000
88$506,387,306$83,079,555$47,646,731$364,924,246
89$557,921,832$87,033,473$49,125,917$400,529,919
90$614,709,194$91,177,449$50,650,970$439,706,425
91$677,285,067$95,520,679$52,223,312$482,815,573
92$746,239,758$100,072,806$53,844,407$530,255,975
93$822,223,783$104,843,944$55,515,765$582,466,796
94$905,954,007$109,844,695$57,238,941$639,931,886
95$998,220,411$115,086,181$59,015,541$703,184,335
96$1,099,893,550$120,580,060$60,847,219$772,811,487
97$1,211,932,771$126,338,562$62,735,679$849,460,471
98$1,335,395,269$132,374,507$64,682,680$933,844,293
99$1,471,446,071$138,701,343$66,690,035$1,026,748,550
100$1,621,369,031$145,333,169$68,759,611$1,129,038,828