Can I retire at age 53 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,243,002
2 years$654,092$641,910$630,104$618,657$607,554$574,666
3 years$431,730$419,495$407,719$396,379$385,457$353,571
4 years$320,570$308,373$296,715$285,569$274,911$244,272
5 years$253,892$241,768$230,263$219,344$208,983$179,675
6 years$209,455$197,422$186,087$175,411$165,361$137,414
7 years$177,726$165,795$154,639$144,215$134,483$107,898
8 years$153,940$142,117$131,146$120,979$111,567$86,332
9 years$135,450$123,738$112,956$103,047$93,955$70,049
10 years$120,667$109,069$98,478$88,828$80,054$57,447
11 years$108,579$97,098$86,698$77,307$68,850$47,508
12 years$98,513$87,150$76,942$67,808$59,664$39,550
13 years$90,002$78,758$68,743$59,865$52,028$33,101
14 years$82,714$71,589$61,766$53,141$45,607$27,825
15 years$76,403$65,398$55,766$47,392$40,156$23,473
16 years$70,886$60,001$50,560$42,435$35,490$19,861
17 years$66,023$55,259$46,008$38,127$31,468$16,846
18 years$61,706$51,062$41,999$34,360$27,980$14,318
19 years$57,847$47,323$38,448$31,048$24,939$12,190
20 years$54,379$43,975$35,286$28,120$22,276$10,394
21 years$51,245$40,961$32,456$25,520$19,935$8,874
22 years$48,400$38,236$29,913$23,204$17,869$7,583
23 years$45,806$35,761$27,620$21,132$16,040$6,487
24 years$43,431$33,506$25,544$19,274$14,417$5,552
25 years$41,250$31,444$23,659$17,602$12,973$4,756
26 years$39,241$29,552$21,942$16,094$11,686$4,076
27 years$37,383$27,812$20,375$14,731$10,536$3,495
28 years$35,661$26,207$18,941$13,497$9,506$2,998
29 years$34,060$24,723$17,627$12,377$8,584$2,572
30 years$32,569$23,348$16,418$11,359$7,756$2,208
31 years$31,177$22,072$15,306$10,433$7,012$1,896
32 years$29,875$20,885$14,281$9,588$6,343$1,628
33 years$28,654$19,778$13,334$8,817$5,741$1,398
34 years$27,507$18,745$12,459$8,112$5,197$1,201
35 years$26,428$17,779$11,648$7,468$4,708$1,032
36 years$25,412$16,875$10,897$6,878$4,265$887
37 years$24,452$16,028$10,199$6,337$3,866$762
38 years$23,546$15,232$9,551$5,841$3,505$655
39 years$22,688$14,484$8,948$5,385$3,178$563
40 years$21,875$13,780$8,387$4,967$2,883$484
41 years$21,103$13,118$7,864$4,583$2,615$416
42 years$20,370$12,493$7,377$4,230$2,373$357
43 years$19,674$11,903$6,922$3,904$2,154$307
44 years$19,010$11,346$6,498$3,605$1,955$264
45 years$18,378$10,820$6,101$3,329$1,775$227
46 years$17,776$10,322$5,731$3,075$1,611$195
47 years$17,200$9,850$5,384$2,841$1,463$168
48 years$16,650$9,403$5,059$2,625$1,329$144
49 years$16,125$8,979$4,755$2,426$1,207$124
50 years$15,622$8,577$4,471$2,243$1,096$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,000,000, adding $6,880 every year, while hoping to spend $55,464 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: 55/39/6 Blend
52$16,000,000$16,000,000$16,000,000$16,000,000
53$17,639,097$16,791,097$16,543,097$18,585,752
54$19,379,271$17,554,847$17,038,277$19,988,740
55$21,295,085$18,354,163$17,548,187$21,508,686
56$23,404,394$19,190,727$18,073,262$23,162,093
57$25,726,874$20,066,305$18,613,949$24,961,637
58$28,284,208$20,982,746$19,170,708$26,921,244
59$31,100,285$21,941,989$19,744,015$29,056,217
60$34,201,431$22,946,063$20,334,356$31,383,374
61$37,616,655$23,997,098$20,942,235$33,921,197
62$41,377,922$25,097,324$21,568,169$36,690,008
63$45,520,456$26,249,079$22,212,688$39,712,142
64$50,083,071$27,454,813$22,876,342$43,012,164
65$55,108,538$28,717,092$23,559,693$46,617,081
66$60,643,988$30,038,609$24,263,322$50,556,597
67$66,741,357$31,422,182$24,987,825$54,863,380
68$73,457,875$32,870,769$25,733,817$59,573,367
69$80,856,609$34,387,467$26,501,930$64,726,088
70$89,007,053$35,975,523$27,292,815$70,365,034
71$97,985,789$37,638,341$28,107,141$76,538,053
72$107,877,207$39,379,487$28,945,598$83,297,798
73$118,774,301$41,202,700$29,808,894$90,702,205
74$130,779,548$43,111,901$30,697,760$98,815,035
75$144,005,873$45,111,195$31,612,946$107,706,460
76$158,577,718$47,204,889$32,555,225$117,453,712
77$174,632,213$49,397,497$33,525,393$128,141,803
78$192,320,473$51,693,748$34,524,268$139,864,311
79$211,809,022$54,098,603$35,552,692$152,724,245
80$233,281,367$56,617,260$36,611,532$166,835,012
81$256,939,728$59,255,167$37,701,680$182,321,460
82$283,006,947$62,018,037$38,824,053$199,321,049
83$311,728,593$64,911,857$39,979,596$217,985,126
84$343,375,276$67,942,905$41,169,279$238,480,339
85$378,245,208$71,117,762$42,394,104$260,990,185
86$416,667,012$74,443,324$43,655,099$285,716,731
87$459,002,824$77,926,824$44,953,321$312,882,491
88$505,651,716$81,575,842$46,289,861$342,732,513
89$557,053,458$85,398,326$47,665,840$375,536,662
90$613,692,675$89,402,608$49,082,409$411,592,149
91$676,103,414$93,597,422$50,540,756$451,226,309
92$744,874,192$97,991,926$52,042,101$494,799,664
93$820,653,549$102,595,719$53,587,701$542,709,299
94$904,156,170$107,418,868$55,178,847$595,392,584
95$996,169,630$112,471,923$56,816,870$653,331,268
96$1,097,561,834$117,765,949$58,503,136$717,055,999
97$1,209,289,203$123,312,543$60,239,054$787,151,297
98$1,332,405,710$129,123,866$62,026,071$864,261,040
99$1,468,072,825$135,212,668$63,865,676$949,094,504
100$1,617,570,480$141,592,316$65,759,403$1,042,433,020