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%19%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,214,246
2 years$645,915$633,886$622,227$610,924$599,959$554,450
3 years$426,333$414,251$402,622$391,425$380,639$336,720
4 years$316,563$304,519$293,006$281,999$271,475$229,481
5 years$250,719$238,746$227,385$216,603$206,371$166,413
6 years$206,836$194,954$183,761$173,219$163,294$125,400
7 years$175,504$163,722$152,706$142,413$132,802$96,963
8 years$152,016$140,340$129,507$119,467$110,172$76,358
9 years$133,757$122,191$111,544$101,759$92,781$60,946
10 years$119,158$107,706$97,247$87,717$79,054$49,142
11 years$107,222$95,884$85,614$76,340$67,989$39,938
12 years$97,282$86,060$75,981$66,961$58,918$32,658
13 years$88,877$77,773$67,884$59,116$51,377$26,837
14 years$81,680$70,694$60,994$52,477$45,037$22,141
15 years$75,448$64,580$55,069$46,800$39,654$18,325
16 years$70,000$59,251$49,928$41,904$35,047$15,207
17 years$65,198$54,568$45,433$37,651$31,075$12,646
18 years$60,935$50,423$41,474$33,931$27,630$10,534
19 years$57,124$46,732$37,968$30,659$24,627$8,788
20 years$53,699$43,425$34,845$27,768$21,998$7,340
21 years$50,604$40,449$32,051$25,201$19,685$6,137
22 years$47,795$37,758$29,540$22,914$17,645$5,136
23 years$45,233$35,314$27,275$20,868$15,839$4,300
24 years$42,889$33,087$25,224$19,033$14,237$3,603
25 years$40,735$31,051$23,363$17,382$12,811$3,020
26 years$38,750$29,182$21,668$15,893$11,540$2,533
27 years$36,915$27,464$20,120$14,547$10,404$2,125
28 years$35,215$25,879$18,705$13,328$9,388$1,783
29 years$33,634$24,414$17,406$12,222$8,477$1,496
30 years$32,162$23,057$16,213$11,217$7,659$1,256
31 years$30,787$21,796$15,115$10,302$6,925$1,055
32 years$29,501$20,624$14,103$9,468$6,264$886
33 years$28,295$19,531$13,168$8,707$5,669$744
34 years$27,163$18,511$12,303$8,011$5,133$625
35 years$26,098$17,557$11,503$7,374$4,649$525
36 years$25,094$16,664$10,760$6,792$4,212$441
37 years$24,147$15,827$10,072$6,258$3,817$370
38 years$23,251$15,042$9,432$5,768$3,461$311
39 years$22,404$14,303$8,836$5,318$3,138$261
40 years$21,601$13,608$8,282$4,905$2,847$220
41 years$20,839$12,954$7,766$4,526$2,583$184
42 years$20,116$12,337$7,285$4,177$2,343$155
43 years$19,428$11,754$6,836$3,856$2,127$130
44 years$18,773$11,204$6,417$3,560$1,930$109
45 years$18,149$10,684$6,025$3,288$1,753$92
46 years$17,553$10,192$5,659$3,037$1,591$77
47 years$16,985$9,727$5,316$2,806$1,445$65
48 years$16,442$9,285$4,996$2,593$1,312$55
49 years$15,923$8,867$4,696$2,396$1,192$46
50 years$15,426$8,470$4,415$2,215$1,082$39

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 $5,237 every year, while hoping to spend $36,108 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: 71/15/14 Blend
52$15,800,000$15,800,000$15,800,000$15,800,000
53$17,417,002$16,579,602$16,334,702$18,599,223
54$19,155,118$17,353,584$16,843,496$20,158,264
55$21,069,311$18,164,281$17,368,124$21,859,541
56$23,177,503$19,013,453$17,909,079$23,721,026
57$25,499,444$19,902,948$18,466,869$25,758,536
58$28,056,894$20,834,699$19,042,016$27,989,478
59$30,873,834$21,810,736$19,635,060$30,433,011
60$33,976,689$22,833,186$20,246,559$33,110,226
61$37,394,578$23,904,279$20,877,084$36,044,341
62$41,159,587$25,026,351$21,527,229$39,260,914
63$45,307,077$26,201,854$22,197,603$42,788,085
64$49,876,010$27,433,356$22,888,834$46,656,837
65$54,909,325$28,723,552$23,601,572$50,901,280
66$60,454,335$30,075,265$24,336,484$55,558,978
67$66,563,181$31,491,457$25,094,259$60,671,289
68$73,293,318$32,975,230$25,875,609$66,283,761
69$80,708,060$34,529,841$26,681,266$72,446,550
70$88,877,179$36,158,700$27,511,986$79,214,893
71$97,877,561$37,865,386$28,368,547$86,649,622
72$107,793,931$39,653,649$29,251,752$94,817,736
73$118,719,656$41,527,421$30,162,430$103,793,024
74$130,757,623$43,490,828$31,101,434$113,656,761
75$144,021,213$45,548,190$32,069,644$124,498,466
76$158,635,368$47,704,043$33,067,968$136,416,740
77$174,737,772$49,963,137$34,097,342$149,520,194
78$192,480,152$52,330,458$35,158,730$163,928,465
79$212,029,707$54,811,230$36,253,126$179,773,341
80$233,570,689$57,410,932$37,381,558$197,199,994
81$257,306,140$60,135,309$38,545,081$216,368,345
82$283,459,812$62,990,385$39,744,787$237,454,569
83$312,278,274$65,982,475$40,981,799$260,652,742
84$344,033,244$69,118,203$42,257,276$286,176,673
85$379,024,153$72,404,513$43,572,412$314,261,907
86$417,580,970$75,848,687$44,928,441$345,167,943
87$460,067,317$79,458,360$46,326,632$379,180,673
88$506,883,903$83,241,540$47,768,294$416,615,069
89$558,472,308$87,206,622$49,254,778$457,818,147
90$615,319,146$91,362,410$50,787,477$503,172,232
91$677,960,666$95,718,135$52,367,824$553,098,556
92$746,987,809$100,283,478$53,997,301$608,061,221
93$823,051,787$105,068,590$55,677,432$668,571,566
94$906,870,235$110,084,117$57,409,792$735,192,987
95$999,233,980$115,341,219$59,196,001$808,546,234
96$1,101,014,511$120,851,604$61,037,732$889,315,260
97$1,213,172,204$126,627,546$62,936,709$978,253,666
98$1,336,765,390$132,681,916$64,894,709$1,076,191,792
99$1,472,960,343$139,028,214$66,913,566$1,184,044,546
100$1,623,042,296$145,680,594$68,995,168$1,302,820,019