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%13.3%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,250,490
2 years$650,004$637,898$626,165$614,790$603,756$586,259
3 years$429,031$416,873$405,171$393,902$383,048$365,995
4 years$318,567$306,446$294,860$283,784$273,193$256,716
5 years$252,305$240,257$228,824$217,973$207,677$191,823
6 years$208,146$196,188$184,924$174,315$164,328$149,117
7 years$176,615$164,759$153,672$143,314$133,642$119,079
8 years$152,978$141,229$130,326$120,223$110,869$96,952
9 years$134,604$122,965$112,250$102,403$93,368$80,091
10 years$119,912$108,387$97,862$88,272$79,554$66,907
11 years$107,900$96,491$86,156$76,823$68,419$56,390
12 years$97,897$86,605$76,461$67,384$59,291$47,865
13 years$89,440$78,266$68,313$59,490$51,703$40,866
14 years$82,197$71,141$61,380$52,809$45,322$35,058
15 years$75,925$64,989$55,418$47,096$39,905$30,195
16 years$70,443$59,626$50,244$42,170$35,268$26,094
17 years$65,611$54,913$45,720$37,889$31,271$22,615
18 years$61,320$50,742$41,737$34,146$27,805$19,646
19 years$57,486$47,028$38,208$30,854$24,783$17,103
20 years$54,039$43,700$35,065$27,944$22,137$14,915
21 years$50,925$40,705$32,253$25,361$19,810$13,027
22 years$48,097$37,997$29,726$23,059$17,757$11,393
23 years$45,519$35,538$27,447$21,000$15,940$9,976
24 years$43,160$33,296$25,384$19,153$14,327$8,743
25 years$40,993$31,247$23,511$17,492$12,892$7,669
26 years$38,995$29,367$21,805$15,994$11,613$6,733
27 years$37,149$27,638$20,248$14,639$10,470$5,914
28 years$35,438$26,043$18,823$13,413$9,447$5,198
29 years$33,847$24,569$17,516$12,300$8,530$4,571
30 years$32,366$23,203$16,316$11,288$7,708$4,022
31 years$30,982$21,934$15,211$10,367$6,969$3,540
32 years$29,688$20,754$14,192$9,528$6,304$3,116
33 years$28,475$19,654$13,251$8,762$5,705$2,744
34 years$27,335$18,628$12,381$8,061$5,165$2,418
35 years$26,263$17,668$11,575$7,421$4,678$2,130
36 years$25,253$16,770$10,829$6,835$4,239$1,877
37 years$24,300$15,927$10,135$6,297$3,842$1,655
38 years$23,399$15,137$9,491$5,804$3,483$1,459
39 years$22,546$14,394$8,892$5,352$3,158$1,286
40 years$21,738$13,694$8,335$4,936$2,865$1,134
41 years$20,971$13,036$7,815$4,554$2,599$1,000
42 years$20,243$12,415$7,331$4,203$2,358$882
43 years$19,551$11,829$6,879$3,880$2,140$778
44 years$18,891$11,275$6,457$3,582$1,943$686
45 years$18,263$10,752$6,063$3,309$1,764$606
46 years$17,664$10,257$5,695$3,056$1,601$534
47 years$17,093$9,788$5,350$2,823$1,454$471
48 years$16,546$9,344$5,028$2,609$1,320$416
49 years$16,024$8,923$4,726$2,411$1,199$367
50 years$15,524$8,524$4,443$2,229$1,089$324

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 $4,128 every year, while hoping to spend $56,130 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: 70/24/6 Blend
52$15,900,000$15,900,000$15,900,000$15,900,000
53$17,526,058$16,683,358$16,436,908$18,738,693
54$19,253,994$17,441,121$16,927,823$20,298,288
55$21,156,298$18,234,132$17,433,301$21,996,879
56$23,250,697$19,064,061$17,953,773$23,853,881
57$25,556,723$19,932,655$18,489,680$25,884,829
58$28,095,899$20,841,745$19,041,474$28,106,814
59$30,891,941$21,793,251$19,609,624$30,538,645
60$33,970,982$22,789,184$20,194,610$33,201,015
61$37,361,820$23,831,652$20,796,927$36,116,702
62$41,096,186$24,922,863$21,417,084$39,310,770
63$45,209,046$26,065,132$22,055,605$42,810,808
64$49,738,931$27,260,886$22,713,030$46,647,183
65$54,728,299$28,512,666$23,389,914$50,853,322
66$60,223,936$29,823,138$24,086,827$55,466,022
67$66,277,399$31,195,093$24,804,357$60,525,793
68$72,945,500$32,631,458$25,543,109$66,077,235
69$80,290,843$34,135,302$26,303,705$72,169,452
70$88,382,415$35,709,838$27,086,785$78,856,510
71$97,296,238$37,358,436$27,893,009$86,197,941
72$107,116,083$39,084,629$28,723,054$94,259,299
73$117,934,265$40,892,117$29,577,617$103,112,769
74$129,852,510$42,784,781$30,457,418$112,837,845
75$142,982,918$44,766,687$31,363,193$123,522,072
76$157,449,020$46,842,098$32,295,704$135,261,860
77$173,386,942$49,015,483$33,255,732$148,163,393
78$190,946,692$51,291,524$34,244,082$162,343,615
79$210,293,577$53,675,132$35,261,581$177,931,332
80$231,609,760$56,171,451$36,309,082$195,068,412
81$255,095,980$58,785,876$37,387,460$213,911,119
82$280,973,448$61,524,062$38,497,618$234,631,574
83$309,485,934$64,391,936$39,640,483$257,419,373
84$340,902,070$67,395,711$40,817,010$282,483,361
85$375,517,882$70,541,902$42,028,180$310,053,594
86$413,659,586$73,837,335$43,275,004$340,383,498
87$455,686,669$77,289,170$44,558,522$373,752,246
88$501,995,279$80,904,909$45,879,802$410,467,385
89$553,021,967$84,692,419$47,239,945$450,867,718
90$609,247,807$88,659,947$48,640,083$495,326,493
91$671,202,937$92,816,138$50,081,380$544,254,907
92$739,471,564$97,170,056$51,565,033$598,105,975
93$814,697,478$101,731,203$53,092,276$657,378,784
94$897,590,129$106,509,540$54,664,375$722,623,192
95$988,931,325$111,515,512$56,282,636$794,444,997
96$1,089,582,615$116,760,066$57,948,398$873,511,636
97$1,200,493,415$122,254,683$59,663,043$960,558,467
98$1,322,709,979$128,011,397$61,427,990$1,056,395,686
99$1,457,385,268$134,042,827$63,244,699$1,161,915,958
100$1,605,789,841$140,362,201$65,114,672$1,278,102,815