Can I retire at age 53 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,247,397
2 years$650,004$637,898$626,165$614,790$603,756$583,168
3 years$429,031$416,873$405,171$393,902$383,048$363,004
4 years$318,567$306,446$294,860$283,784$273,193$253,847
5 years$252,305$240,257$228,824$217,973$207,677$189,085
6 years$208,146$196,188$184,924$174,315$164,328$146,511
7 years$176,615$164,759$153,672$143,314$133,642$116,607
8 years$152,978$141,229$130,326$120,223$110,869$94,612
9 years$134,604$122,965$112,250$102,403$93,368$77,880
10 years$119,912$108,387$97,862$88,272$79,554$64,822
11 years$107,900$96,491$86,156$76,823$68,419$54,428
12 years$97,897$86,605$76,461$67,384$59,291$46,023
13 years$89,440$78,266$68,313$59,490$51,703$39,139
14 years$82,197$71,141$61,380$52,809$45,322$33,441
15 years$75,925$64,989$55,418$47,096$39,905$28,685
16 years$70,443$59,626$50,244$42,170$35,268$24,686
17 years$65,611$54,913$45,720$37,889$31,271$21,303
18 years$61,320$50,742$41,737$34,146$27,805$18,427
19 years$57,486$47,028$38,208$30,854$24,783$15,971
20 years$54,039$43,700$35,065$27,944$22,137$13,866
21 years$50,925$40,705$32,253$25,361$19,810$12,056
22 years$48,097$37,997$29,726$23,059$17,757$10,496
23 years$45,519$35,538$27,447$21,000$15,940$9,147
24 years$43,160$33,296$25,384$19,153$14,327$7,980
25 years$40,993$31,247$23,511$17,492$12,892$6,967
26 years$38,995$29,367$21,805$15,994$11,613$6,087
27 years$37,149$27,638$20,248$14,639$10,470$5,321
28 years$35,438$26,043$18,823$13,413$9,447$4,654
29 years$33,847$24,569$17,516$12,300$8,530$4,073
30 years$32,366$23,203$16,316$11,288$7,708$3,566
31 years$30,982$21,934$15,211$10,367$6,969$3,123
32 years$29,688$20,754$14,192$9,528$6,304$2,736
33 years$28,475$19,654$13,251$8,762$5,705$2,397
34 years$27,335$18,628$12,381$8,061$5,165$2,101
35 years$26,263$17,668$11,575$7,421$4,678$1,842
36 years$25,253$16,770$10,829$6,835$4,239$1,615
37 years$24,300$15,927$10,135$6,297$3,842$1,416
38 years$23,399$15,137$9,491$5,804$3,483$1,242
39 years$22,546$14,394$8,892$5,352$3,158$1,090
40 years$21,738$13,694$8,335$4,936$2,865$956
41 years$20,971$13,036$7,815$4,554$2,599$839
42 years$20,243$12,415$7,331$4,203$2,358$736
43 years$19,551$11,829$6,879$3,880$2,140$646
44 years$18,891$11,275$6,457$3,582$1,943$567
45 years$18,263$10,752$6,063$3,309$1,764$497
46 years$17,664$10,257$5,695$3,056$1,601$437
47 years$17,093$9,788$5,350$2,823$1,454$383
48 years$16,546$9,344$5,028$2,609$1,320$336
49 years$16,024$8,923$4,726$2,411$1,199$295
50 years$15,524$8,524$4,443$2,229$1,089$259

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,900,000, adding $4,101 every year, while hoping to spend $43,081 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: 51/44/5 Blend
52$15,900,000$15,900,000$15,900,000$15,900,000
53$17,526,030$16,683,330$16,436,880$18,399,395
54$19,267,847$17,454,976$16,941,678$19,764,345
55$21,185,886$18,262,988$17,461,942$21,242,260
56$23,298,075$19,109,103$17,998,146$22,847,706
57$25,624,172$19,995,141$18,550,777$24,592,652
58$28,185,945$20,923,011$19,120,336$26,490,238
59$31,007,385$21,894,712$19,707,340$28,554,899
60$34,114,925$22,912,340$20,312,323$30,802,484
61$37,537,696$23,978,093$20,935,834$33,250,409
62$41,307,795$25,094,274$21,578,439$35,917,806
63$45,460,593$26,263,296$22,240,720$38,825,699
64$50,035,068$27,487,693$22,923,279$41,997,193
65$55,074,171$28,770,116$23,626,734$45,457,684
66$60,625,232$30,113,346$24,351,725$49,235,089
67$66,740,405$31,520,300$25,098,908$53,360,101
68$73,477,166$32,994,034$25,868,960$57,866,466
69$80,898,847$34,537,752$26,662,580$62,791,296
70$89,075,240$36,154,812$27,480,488$68,175,402
71$98,083,254$37,848,737$28,323,423$74,063,671
72$108,007,639$39,623,219$29,192,151$80,505,479
73$118,941,787$41,482,126$30,087,458$87,555,141
74$130,988,616$43,429,517$31,010,154$95,272,414
75$144,261,537$45,469,645$31,961,077$103,723,043
76$158,885,527$47,606,970$32,941,085$112,979,372
77$174,998,306$49,846,168$33,951,067$123,121,006
78$192,751,643$52,192,139$34,991,937$134,235,552
79$212,312,780$54,650,024$36,064,637$146,419,424
80$233,866,018$57,225,209$37,170,137$159,778,740
81$257,614,452$59,923,345$38,309,437$174,430,303
82$283,781,891$62,750,354$39,483,568$190,502,686
83$312,614,968$65,712,445$40,693,591$208,137,421
84$344,385,469$68,816,130$41,940,601$227,490,321
85$379,392,901$72,068,233$43,225,725$248,732,923
86$417,967,314$75,475,914$44,550,124$272,054,086
87$460,472,421$79,046,675$45,914,994$297,661,750
88$507,309,032$82,788,386$47,321,570$325,784,873
89$558,918,832$86,709,296$48,771,122$356,675,566
90$615,788,556$90,818,055$50,264,958$390,611,443
91$678,454,583$95,123,733$51,804,428$427,898,216
92$747,507,995$99,635,841$53,390,921$468,872,548
93$823,600,164$104,364,350$55,025,870$513,905,198
94$907,448,893$109,319,717$56,710,750$563,404,490
95$999,845,201$114,512,903$58,447,081$617,820,131
96$1,101,660,783$119,955,407$60,236,429$677,647,418
97$1,213,856,242$125,659,281$62,080,409$743,431,878
98$1,337,490,159$131,637,166$63,980,682$815,774,373
99$1,473,729,084$137,902,316$65,938,964$895,336,736
100$1,623,858,549$144,468,628$67,957,018$982,847,967