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%11.8%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,266,230
2 years$654,092$641,910$630,104$618,657$607,554$597,842
3 years$431,730$419,495$407,719$396,379$385,457$375,968
4 years$320,570$308,373$296,715$285,569$274,911$265,717
5 years$253,892$241,768$230,263$219,344$208,983$200,111
6 years$209,455$197,422$186,087$175,411$165,361$156,822
7 years$177,726$165,795$154,639$144,215$134,483$126,281
8 years$153,940$142,117$131,146$120,979$111,567$103,702
9 years$135,450$123,738$112,956$103,047$93,955$86,426
10 years$120,667$109,069$98,478$88,828$80,054$72,856
11 years$108,579$97,098$86,698$77,307$68,850$61,977
12 years$98,513$87,150$76,942$67,808$59,664$53,110
13 years$90,002$78,758$68,743$59,865$52,028$45,787
14 years$82,714$71,589$61,766$53,141$45,607$39,671
15 years$76,403$65,398$55,766$47,392$40,156$34,517
16 years$70,886$60,001$50,560$42,435$35,490$30,139
17 years$66,023$55,259$46,008$38,127$31,468$26,396
18 years$61,706$51,062$41,999$34,360$27,980$23,178
19 years$57,847$47,323$38,448$31,048$24,939$20,397
20 years$54,379$43,975$35,286$28,120$22,276$17,985
21 years$51,245$40,961$32,456$25,520$19,935$15,885
22 years$48,400$38,236$29,913$23,204$17,869$14,051
23 years$45,806$35,761$27,620$21,132$16,040$12,444
24 years$43,431$33,506$25,544$19,274$14,417$11,034
25 years$41,250$31,444$23,659$17,602$12,973$9,793
26 years$39,241$29,552$21,942$16,094$11,686$8,699
27 years$37,383$27,812$20,375$14,731$10,536$7,734
28 years$35,661$26,207$18,941$13,497$9,506$6,880
29 years$34,060$24,723$17,627$12,377$8,584$6,124
30 years$32,569$23,348$16,418$11,359$7,756$5,454
31 years$31,177$22,072$15,306$10,433$7,012$4,860
32 years$29,875$20,885$14,281$9,588$6,343$4,332
33 years$28,654$19,778$13,334$8,817$5,741$3,863
34 years$27,507$18,745$12,459$8,112$5,197$3,446
35 years$26,428$17,779$11,648$7,468$4,708$3,075
36 years$25,412$16,875$10,897$6,878$4,265$2,744
37 years$24,452$16,028$10,199$6,337$3,866$2,450
38 years$23,546$15,232$9,551$5,841$3,505$2,187
39 years$22,688$14,484$8,948$5,385$3,178$1,953
40 years$21,875$13,780$8,387$4,967$2,883$1,745
41 years$21,103$13,118$7,864$4,583$2,615$1,559
42 years$20,370$12,493$7,377$4,230$2,373$1,393
43 years$19,674$11,903$6,922$3,904$2,154$1,245
44 years$19,010$11,346$6,498$3,605$1,955$1,112
45 years$18,378$10,820$6,101$3,329$1,775$994
46 years$17,776$10,322$5,731$3,075$1,611$888
47 years$17,200$9,850$5,384$2,841$1,463$794
48 years$16,650$9,403$5,059$2,625$1,329$710
49 years$16,125$8,979$4,755$2,426$1,207$635
50 years$15,622$8,577$4,471$2,243$1,096$567

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 $4,776 every year, while hoping to spend $59,747 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: 79/12/9 Blend
52$16,000,000$16,000,000$16,000,000$16,000,000
53$17,636,926$16,788,926$16,540,926$19,005,859
54$19,372,323$17,548,013$17,031,477$20,663,971
55$21,282,727$18,342,293$17,536,459$22,474,265
56$23,385,926$19,173,427$18,056,292$24,458,429
57$25,701,522$20,043,156$18,591,409$26,633,786
58$28,251,111$20,953,304$19,142,254$29,019,410
59$31,058,490$21,905,783$19,709,286$31,636,302
60$34,149,884$22,902,594$20,292,975$34,507,587
61$37,554,188$23,945,837$20,893,806$37,658,732
62$41,303,244$25,037,711$21,512,276$41,117,779
63$45,432,136$26,180,521$22,148,899$44,915,612
64$49,979,528$27,376,680$22,804,202$49,086,243
65$54,988,024$28,628,722$23,478,726$53,667,132
66$60,504,570$29,939,296$24,173,031$58,699,534
67$66,580,898$31,311,184$24,887,689$64,228,891
68$73,274,014$32,747,297$25,623,292$70,305,252
69$80,646,738$34,250,688$26,380,446$76,983,748
70$88,768,290$35,824,557$27,159,776$84,325,102
71$97,714,952$37,472,256$27,961,924$92,396,205
72$107,570,780$39,197,300$28,787,552$101,270,740
73$118,428,403$41,003,372$29,637,339$111,029,874
74$130,389,895$42,894,331$30,511,984$121,763,022
75$143,567,734$44,874,224$31,412,206$133,568,682
76$158,085,873$46,947,290$32,338,745$146,555,366
77$174,080,900$49,117,976$33,292,361$160,842,618
78$191,703,334$51,390,938$34,273,837$176,562,134
79$211,119,040$53,771,060$35,283,976$193,859,005
80$232,510,800$56,263,460$36,323,608$212,893,077
81$256,080,035$58,873,503$37,393,582$233,840,458
82$282,048,705$61,606,812$38,494,773$256,895,174
83$310,661,408$64,469,280$39,628,083$282,270,990
84$342,187,684$67,467,087$40,794,436$310,203,428
85$376,924,563$70,606,710$41,994,785$340,951,980
86$415,199,366$73,894,936$43,230,108$374,802,552
87$457,372,797$77,338,883$44,501,412$412,070,155
88$503,842,345$80,946,011$45,809,732$453,101,872
89$555,046,039$84,724,141$47,156,133$498,280,124
90$611,466,581$88,681,469$48,541,709$548,026,278
91$673,635,902$92,826,591$49,967,586$602,804,609
92$742,140,185$97,168,516$51,434,922$663,126,678
93$817,625,398$101,716,687$52,944,906$729,556,152
94$900,803,390$106,481,007$54,498,762$802,714,114
95$992,458,615$111,471,854$56,097,749$883,284,916
96$1,093,455,530$116,700,112$57,743,160$972,022,630
97$1,204,746,764$122,177,187$59,436,326$1,069,758,156
98$1,327,382,105$127,915,040$61,178,614$1,177,407,051
99$1,462,518,413$133,926,210$62,971,431$1,295,978,164
100$1,611,430,539$140,223,843$64,816,221$1,426,583,145