Can I retire at age 53 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,263,608
2 years$658,180$645,922$634,042$622,523$611,351$591,024
3 years$434,428$422,117$410,267$398,857$387,866$368,072
4 years$322,574$310,301$298,569$287,354$276,629$257,522
5 years$255,479$243,280$231,702$220,715$210,289$191,923
6 years$210,764$198,656$187,250$176,508$166,395$148,791
7 years$178,837$166,831$155,605$145,117$135,323$118,487
8 years$154,902$143,005$131,966$121,735$112,264$96,193
9 years$136,297$124,512$113,662$103,691$94,542$79,228
10 years$121,421$109,751$99,093$89,383$80,555$65,985
11 years$109,257$97,705$87,240$77,790$69,280$55,439
12 years$99,129$87,694$77,423$68,232$60,036$46,908
13 years$90,565$79,250$69,173$60,239$52,353$39,918
14 years$83,231$72,036$62,152$53,473$45,892$34,129
15 years$76,880$65,806$56,115$47,689$40,407$29,295
16 years$71,329$60,376$50,876$42,700$35,712$25,229
17 years$66,436$55,604$46,295$38,366$31,665$21,787
18 years$62,092$51,381$42,262$34,575$28,155$18,860
19 years$58,209$47,619$38,689$31,242$25,095$16,358
20 years$54,719$44,250$35,506$28,295$22,415$14,213
21 years$51,565$41,217$32,659$25,680$20,059$12,367
22 years$48,702$38,475$30,100$23,349$17,980$10,775
23 years$46,092$35,985$27,792$21,264$16,140$9,398
24 years$43,703$33,715$25,703$19,394$14,507$8,204
25 years$41,508$31,640$23,806$17,712$13,054$7,169
26 years$39,486$29,737$22,079$16,195$11,759$6,268
27 years$37,616$27,986$20,502$14,824$10,601$5,484
28 years$35,883$26,371$19,060$13,582$9,566$4,801
29 years$34,273$24,878$17,737$12,455$8,638$4,204
30 years$32,773$23,494$16,521$11,430$7,805$3,684
31 years$31,372$22,210$15,402$10,498$7,056$3,229
32 years$30,061$21,015$14,370$9,648$6,383$2,831
33 years$28,833$19,902$13,418$8,872$5,777$2,483
34 years$27,679$18,862$12,537$8,163$5,230$2,178
35 years$26,593$17,891$11,721$7,514$4,737$1,911
36 years$25,571$16,981$10,965$6,921$4,292$1,677
37 years$24,605$16,128$10,263$6,376$3,890$1,472
38 years$23,693$15,327$9,611$5,877$3,527$1,292
39 years$22,829$14,575$9,004$5,419$3,198$1,134
40 years$22,011$13,867$8,440$4,998$2,901$996
41 years$21,235$13,200$7,914$4,612$2,632$875
42 years$20,498$12,571$7,423$4,256$2,388$768
43 years$19,797$11,978$6,966$3,929$2,167$675
44 years$19,129$11,417$6,539$3,628$1,967$593
45 years$18,493$10,887$6,139$3,350$1,786$520
46 years$17,887$10,386$5,766$3,095$1,621$457
47 years$17,308$9,911$5,417$2,859$1,472$402
48 years$16,754$9,462$5,091$2,642$1,337$353
49 years$16,225$9,035$4,785$2,442$1,214$310
50 years$15,719$8,631$4,499$2,257$1,103$272

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,100,000, adding $6,225 every year, while hoping to spend $40,059 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: 47/40/13 Blend
52$16,100,000$16,100,000$16,100,000$16,100,000
53$17,748,621$16,895,321$16,645,771$18,517,978
54$19,516,358$17,680,569$17,160,782$19,835,771
55$21,463,061$18,502,952$17,691,703$21,260,546
56$23,606,944$19,364,247$18,239,025$22,805,983
57$25,968,073$20,266,316$18,803,254$24,483,325
58$28,568,565$21,211,114$19,384,911$26,304,915
59$31,432,787$22,200,687$19,984,534$28,284,306
60$34,587,591$23,237,180$20,602,676$30,436,381
61$38,062,568$24,322,845$21,239,908$32,777,488
62$41,890,325$25,460,040$21,896,820$35,325,582
63$46,106,793$26,651,236$22,574,018$38,100,394
64$50,751,565$27,899,026$23,272,127$41,123,602
65$55,868,273$29,206,126$23,991,791$44,419,031
66$61,504,997$30,575,387$24,733,676$48,012,869
67$67,714,718$32,009,793$25,498,467$51,933,903
68$74,555,822$33,512,475$26,286,868$56,213,780
69$82,092,646$35,086,716$27,099,608$60,887,299
70$90,396,089$36,735,958$27,937,437$65,992,726
71$99,544,277$38,463,807$28,801,128$71,572,143
72$109,623,305$40,274,046$29,691,479$77,671,838
73$120,728,048$42,170,640$30,609,309$84,342,723
74$132,963,055$44,157,747$31,555,466$91,640,808
75$146,443,535$46,239,725$32,530,824$99,627,710
76$161,296,450$48,421,146$33,536,280$108,371,226
77$177,661,705$50,706,800$34,572,763$117,945,954
78$195,693,477$53,101,711$35,641,229$128,433,985
79$215,561,663$55,611,146$36,742,661$139,925,659
80$237,453,489$58,240,628$37,878,077$152,520,400
81$261,575,274$60,995,948$39,048,521$166,327,641
82$288,154,379$63,883,177$40,255,074$181,467,833
83$317,441,354$66,908,680$41,498,847$198,073,567
84$349,712,299$70,079,133$42,780,986$216,290,802
85$385,271,477$73,401,534$44,102,672$236,280,221
86$424,454,179$76,883,221$45,465,123$258,218,731
87$467,629,895$80,531,888$46,869,594$282,301,100
88$515,205,798$84,355,604$48,317,379$308,741,780
89$567,630,588$88,362,828$49,809,810$337,776,900
90$625,398,732$92,562,430$51,348,263$369,666,470
91$689,055,126$96,963,713$52,934,153$404,696,808
92$759,200,243$101,576,428$54,568,941$443,183,211
93$836,495,799$106,410,804$56,254,131$485,472,903
94$921,671,001$111,477,564$57,991,275$531,948,277
95$1,015,529,431$116,787,953$59,781,971$583,030,474
96$1,118,956,633$122,353,762$61,627,867$639,183,322
97$1,232,928,470$128,187,357$63,530,661$700,917,677
98$1,358,520,340$134,301,704$65,492,104$768,796,206
99$1,496,917,325$140,710,398$67,514,000$843,438,658
100$1,649,425,382$147,427,697$69,598,209$925,527,674