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%14.2%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,261,530
2 years$658,180$645,922$634,042$622,523$611,351$588,950
3 years$434,428$422,117$410,267$398,857$387,866$366,068
4 years$322,574$310,301$298,569$287,354$276,629$255,602
5 years$255,479$243,280$231,702$220,715$210,289$190,094
6 years$210,764$198,656$187,250$176,508$166,395$147,053
7 years$178,837$166,831$155,605$145,117$135,323$116,842
8 years$154,902$143,005$131,966$121,735$112,264$94,638
9 years$136,297$124,512$113,662$103,691$94,542$77,762
10 years$121,421$109,751$99,093$89,383$80,555$64,606
11 years$109,257$97,705$87,240$77,790$69,280$54,144
12 years$99,129$87,694$77,423$68,232$60,036$45,695
13 years$90,565$79,250$69,173$60,239$52,353$38,783
14 years$83,231$72,036$62,152$53,473$45,892$33,070
15 years$76,880$65,806$56,115$47,689$40,407$28,308
16 years$71,329$60,376$50,876$42,700$35,712$24,311
17 years$66,436$55,604$46,295$38,366$31,665$20,934
18 years$62,092$51,381$42,262$34,575$28,155$18,069
19 years$58,209$47,619$38,689$31,242$25,095$15,626
20 years$54,719$44,250$35,506$28,295$22,415$13,536
21 years$51,565$41,217$32,659$25,680$20,059$11,743
22 years$48,702$38,475$30,100$23,349$17,980$10,200
23 years$46,092$35,985$27,792$21,264$16,140$8,869
24 years$43,703$33,715$25,703$19,394$14,507$7,718
25 years$41,508$31,640$23,806$17,712$13,054$6,723
26 years$39,486$29,737$22,079$16,195$11,759$5,859
27 years$37,616$27,986$20,502$14,824$10,601$5,110
28 years$35,883$26,371$19,060$13,582$9,566$4,459
29 years$34,273$24,878$17,737$12,455$8,638$3,892
30 years$32,773$23,494$16,521$11,430$7,805$3,399
31 years$31,372$22,210$15,402$10,498$7,056$2,969
32 years$30,061$21,015$14,370$9,648$6,383$2,595
33 years$28,833$19,902$13,418$8,872$5,777$2,268
34 years$27,679$18,862$12,537$8,163$5,230$1,983
35 years$26,593$17,891$11,721$7,514$4,737$1,734
36 years$25,571$16,981$10,965$6,921$4,292$1,517
37 years$24,605$16,128$10,263$6,376$3,890$1,327
38 years$23,693$15,327$9,611$5,877$3,527$1,161
39 years$22,829$14,575$9,004$5,419$3,198$1,015
40 years$22,011$13,867$8,440$4,998$2,901$889
41 years$21,235$13,200$7,914$4,612$2,632$778
42 years$20,498$12,571$7,423$4,256$2,388$681
43 years$19,797$11,978$6,966$3,929$2,167$596
44 years$19,129$11,417$6,539$3,628$1,967$521
45 years$18,493$10,887$6,139$3,350$1,786$456
46 years$17,887$10,386$5,766$3,095$1,621$399
47 years$17,308$9,911$5,417$2,859$1,472$350
48 years$16,754$9,462$5,091$2,642$1,337$306
49 years$16,225$9,035$4,785$2,442$1,214$268
50 years$15,719$8,631$4,499$2,257$1,103$235

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 $5,524 every year, while hoping to spend $20,749 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: 37/36/27 Blend
52$16,100,000$16,100,000$16,100,000$16,100,000
53$17,747,898$16,894,598$16,645,048$18,260,954
54$19,536,107$17,700,357$17,180,580$19,445,592
55$21,506,018$18,544,902$17,733,358$20,722,032
56$23,676,142$19,430,112$18,303,936$22,100,433
57$26,066,879$20,357,959$18,892,888$23,590,016
58$28,700,708$21,330,506$19,500,807$25,200,892
59$31,602,400$22,349,921$20,128,304$26,944,150
60$34,799,253$23,418,475$20,776,010$28,831,955
61$38,321,347$24,538,550$21,444,577$30,877,653
62$42,201,831$25,712,646$22,134,677$33,095,892
63$46,477,233$26,943,380$22,847,003$35,502,747
64$51,187,806$28,233,502$23,582,274$38,115,871
65$56,377,910$29,585,891$24,341,227$40,954,643
66$62,096,426$31,003,569$25,124,628$44,040,350
67$68,397,221$32,489,704$25,933,263$47,396,371
68$75,339,658$34,047,619$26,767,947$51,048,392
69$82,989,149$35,680,798$27,629,519$55,024,636
70$91,417,781$37,392,896$28,518,847$59,356,117
71$100,704,991$39,187,745$29,436,825$64,076,921
72$110,938,318$41,069,362$30,384,377$69,224,518
73$122,214,229$43,041,964$31,362,456$74,840,098
74$134,639,030$45,109,970$32,372,048$80,968,950
75$148,329,868$47,278,014$33,414,168$87,660,874
76$163,415,836$49,550,960$34,489,865$94,970,636
77$180,039,198$51,933,903$35,600,222$102,958,468
78$198,356,724$54,432,192$36,746,357$111,690,625
79$218,541,173$57,051,433$37,929,423$121,239,985
80$240,782,926$59,797,506$39,150,612$131,686,729
81$265,291,781$62,676,580$40,411,154$143,119,071
82$292,298,932$65,695,122$41,712,316$155,634,075
83$322,059,155$68,859,915$43,055,411$169,338,551
84$354,853,211$72,178,073$44,441,790$184,350,042
85$390,990,498$75,657,058$45,872,849$200,797,906
86$430,811,969$79,304,695$47,350,030$218,824,524
87$474,693,355$83,129,189$48,874,821$238,586,608
88$523,048,706$87,139,148$50,448,756$260,256,663
89$576,334,307$91,343,600$52,073,423$284,024,587
90$635,052,980$95,752,010$53,750,456$310,099,431
91$699,758,834$100,374,308$55,481,546$338,711,350
92$771,062,494$105,220,909$57,268,437$370,113,738
93$849,636,868$110,302,732$59,112,929$404,585,595
94$936,223,497$115,631,235$61,016,881$442,434,121
95$1,031,639,557$121,218,429$62,982,210$483,997,584
96$1,136,785,576$127,076,916$65,010,898$529,648,476
97$1,252,653,930$133,219,910$67,104,988$579,796,989
98$1,380,338,217$139,661,272$69,266,592$634,894,851
99$1,521,043,580$146,415,539$71,497,887$695,439,544
100$1,676,098,082$153,497,957$73,801,123$761,978,958