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%14.1%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,238,532
2 years$645,915$633,886$622,227$610,924$599,959$578,483
3 years$426,333$414,251$402,622$391,425$380,639$359,737
4 years$316,563$304,519$293,006$281,999$271,475$251,309
5 years$250,719$238,746$227,385$216,603$206,371$186,998
6 years$206,836$194,954$183,761$173,219$163,294$144,737
7 years$175,504$163,722$152,706$142,413$132,802$115,066
8 years$152,016$140,340$129,507$119,467$110,172$93,254
9 years$133,757$122,191$111,544$101,759$92,781$76,670
10 years$119,158$107,706$97,247$87,717$79,054$63,738
11 years$107,222$95,884$85,614$76,340$67,989$53,451
12 years$97,282$86,060$75,981$66,961$58,918$45,138
13 years$88,877$77,773$67,884$59,116$51,377$38,336
14 years$81,680$70,694$60,994$52,477$45,037$32,711
15 years$75,448$64,580$55,069$46,800$39,654$28,020
16 years$70,000$59,251$49,928$41,904$35,047$24,080
17 years$65,198$54,568$45,433$37,651$31,075$20,751
18 years$60,935$50,423$41,474$33,931$27,630$17,923
19 years$57,124$46,732$37,968$30,659$24,627$15,512
20 years$53,699$43,425$34,845$27,768$21,998$13,447
21 years$50,604$40,449$32,051$25,201$19,685$11,674
22 years$47,795$37,758$29,540$22,914$17,645$10,148
23 years$45,233$35,314$27,275$20,868$15,839$8,830
24 years$42,889$33,087$25,224$19,033$14,237$7,691
25 years$40,735$31,051$23,363$17,382$12,811$6,704
26 years$38,750$29,182$21,668$15,893$11,540$5,848
27 years$36,915$27,464$20,120$14,547$10,404$5,104
28 years$35,215$25,879$18,705$13,328$9,388$4,457
29 years$33,634$24,414$17,406$12,222$8,477$3,894
30 years$32,162$23,057$16,213$11,217$7,659$3,404
31 years$30,787$21,796$15,115$10,302$6,925$2,976
32 years$29,501$20,624$14,103$9,468$6,264$2,603
33 years$28,295$19,531$13,168$8,707$5,669$2,277
34 years$27,163$18,511$12,303$8,011$5,133$1,992
35 years$26,098$17,557$11,503$7,374$4,649$1,744
36 years$25,094$16,664$10,760$6,792$4,212$1,526
37 years$24,147$15,827$10,072$6,258$3,817$1,336
38 years$23,251$15,042$9,432$5,768$3,461$1,170
39 years$22,404$14,303$8,836$5,318$3,138$1,025
40 years$21,601$13,608$8,282$4,905$2,847$897
41 years$20,839$12,954$7,766$4,526$2,583$786
42 years$20,116$12,337$7,285$4,177$2,343$688
43 years$19,428$11,754$6,836$3,856$2,127$603
44 years$18,773$11,204$6,417$3,560$1,930$528
45 years$18,149$10,684$6,025$3,288$1,753$463
46 years$17,553$10,192$5,659$3,037$1,591$406
47 years$16,985$9,727$5,316$2,806$1,445$355
48 years$16,442$9,285$4,996$2,593$1,312$311
49 years$15,923$8,867$4,696$2,396$1,192$273
50 years$15,426$8,470$4,415$2,215$1,082$239

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 $4,646 every year, while hoping to spend $37,281 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: 47/26/27 Blend
52$15,800,000$15,800,000$15,800,000$15,800,000
53$17,416,392$16,578,992$16,334,092$18,100,013
54$19,153,198$17,351,696$16,841,618$19,355,044
55$21,065,908$18,161,013$17,364,896$20,712,551
56$23,172,425$19,008,698$17,904,415$22,185,438
57$25,492,478$19,896,589$18,460,678$23,784,565
58$28,047,805$20,826,616$19,034,205$25,521,862
59$30,862,361$21,800,800$19,625,530$27,410,437
60$33,962,542$22,821,260$20,235,206$29,464,694
61$37,377,437$23,890,217$20,863,801$31,700,463
62$41,139,098$25,010,001$21,511,901$34,135,145
63$45,282,848$26,183,053$22,180,112$36,787,870
64$49,847,608$27,411,932$22,869,055$39,679,668
65$54,876,270$28,699,323$23,579,375$42,833,666
66$60,416,098$30,048,038$24,311,732$46,275,296
67$66,519,176$31,461,027$25,066,811$50,032,530
68$73,242,897$32,941,383$25,845,315$54,136,135
69$80,650,510$34,492,348$26,647,969$58,619,955
70$88,811,709$36,117,320$27,475,523$63,521,225
71$97,803,298$37,819,864$28,328,748$68,880,911
72$107,709,912$39,603,715$29,208,439$74,744,091
73$118,624,817$41,472,791$30,115,416$81,160,369
74$130,650,790$43,431,199$31,050,524$88,184,332
75$143,901,089$45,483,246$32,014,635$95,876,060
76$158,500,522$47,633,447$33,008,647$104,301,677
77$174,586,625$49,886,536$34,033,487$113,533,969
78$192,310,961$52,247,476$35,090,108$123,653,057
79$211,840,549$54,721,472$36,179,496$134,747,141
80$233,359,441$57,313,980$37,302,666$146,913,321
81$257,070,462$60,030,723$38,460,663$160,258,500
82$283,197,120$62,877,700$39,654,566$174,900,380
83$311,985,720$65,861,201$40,885,488$190,968,557
84$343,707,685$68,987,821$42,154,574$208,605,733
85$378,662,123$72,264,479$43,463,006$227,969,042
86$417,178,645$75,698,424$44,812,002$249,231,522
87$459,620,482$79,297,261$46,202,819$272,583,730
88$506,387,908$83,068,965$47,636,751$298,235,519
89$557,922,026$87,021,895$49,115,133$326,418,007
90$614,708,924$91,164,819$50,639,342$357,385,735
91$677,284,270$95,506,931$52,210,795$391,419,049
92$746,238,364$100,057,869$53,830,956$428,826,728
93$822,221,716$104,827,743$55,501,331$469,948,874
94$905,951,181$109,827,153$57,223,476$515,160,100
95$998,216,731$115,067,213$58,998,992$564,873,043
96$1,099,888,911$120,559,580$60,829,532$619,542,234
97$1,211,927,057$126,316,477$62,716,798$679,668,360
98$1,335,388,353$132,350,720$64,662,546$745,802,965
99$1,471,437,809$138,675,750$66,668,586$818,553,625
100$1,621,359,265$145,305,661$68,736,784$898,589,658