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%18.2%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,241,250
2 years$658,180$645,922$634,042$622,523$611,351$568,859
3 years$434,428$422,117$410,267$398,857$387,866$346,803
4 years$322,574$310,301$298,569$287,354$276,629$237,309
5 years$255,479$243,280$231,702$220,715$210,289$172,816
6 years$210,764$198,656$187,250$176,508$166,395$130,800
7 years$178,837$166,831$155,605$145,117$135,323$101,602
8 years$154,902$143,005$131,966$121,735$112,264$80,390
9 years$136,297$124,512$113,662$103,691$94,542$64,479
10 years$121,421$109,751$99,093$89,383$80,555$52,254
11 years$109,257$97,705$87,240$77,790$69,280$42,688
12 years$99,129$87,694$77,423$68,232$60,036$35,094
13 years$90,565$79,250$69,173$60,239$52,353$28,997
14 years$83,231$72,036$62,152$53,473$45,892$24,057
15 years$76,880$65,806$56,115$47,689$40,407$20,024
16 years$71,329$60,376$50,876$42,700$35,712$16,713
17 years$66,436$55,604$46,295$38,366$31,665$13,980
18 years$62,092$51,381$42,262$34,575$28,155$11,716
19 years$58,209$47,619$38,689$31,242$25,095$9,833
20 years$54,719$44,250$35,506$28,295$22,415$8,264
21 years$51,565$41,217$32,659$25,680$20,059$6,952
22 years$48,702$38,475$30,100$23,349$17,980$5,854
23 years$46,092$35,985$27,792$21,264$16,140$4,933
24 years$43,703$33,715$25,703$19,394$14,507$4,159
25 years$41,508$31,640$23,806$17,712$13,054$3,509
26 years$39,486$29,737$22,079$16,195$11,759$2,962
27 years$37,616$27,986$20,502$14,824$10,601$2,501
28 years$35,883$26,371$19,060$13,582$9,566$2,112
29 years$34,273$24,878$17,737$12,455$8,638$1,784
30 years$32,773$23,494$16,521$11,430$7,805$1,508
31 years$31,372$22,210$15,402$10,498$7,056$1,274
32 years$30,061$21,015$14,370$9,648$6,383$1,077
33 years$28,833$19,902$13,418$8,872$5,777$911
34 years$27,679$18,862$12,537$8,163$5,230$770
35 years$26,593$17,891$11,721$7,514$4,737$651
36 years$25,571$16,981$10,965$6,921$4,292$551
37 years$24,605$16,128$10,263$6,376$3,890$466
38 years$23,693$15,327$9,611$5,877$3,527$394
39 years$22,829$14,575$9,004$5,419$3,198$333
40 years$22,011$13,867$8,440$4,998$2,901$282
41 years$21,235$13,200$7,914$4,612$2,632$238
42 years$20,498$12,571$7,423$4,256$2,388$202
43 years$19,797$11,978$6,966$3,929$2,167$170
44 years$19,129$11,417$6,539$3,628$1,967$144
45 years$18,493$10,887$6,139$3,350$1,786$122
46 years$17,887$10,386$5,766$3,095$1,621$103
47 years$17,308$9,911$5,417$2,859$1,472$87
48 years$16,754$9,462$5,091$2,642$1,337$74
49 years$16,225$9,035$4,785$2,442$1,214$62
50 years$15,719$8,631$4,499$2,257$1,103$53

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 $2,353 every year, while hoping to spend $33,099 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: 62/30/8 Blend
52$16,100,000$16,100,000$16,100,000$16,100,000
53$17,744,627$16,891,327$16,641,777$18,815,286
54$19,519,362$17,683,785$17,164,060$20,323,460
55$21,474,011$18,513,964$17,702,729$21,964,838
56$23,626,889$19,383,678$18,258,300$23,755,496
57$25,998,181$20,294,827$18,831,302$25,709,867
58$28,610,126$21,249,405$19,422,282$27,843,819
59$31,487,235$22,249,501$20,031,804$30,174,801
60$34,656,513$23,297,307$20,660,450$32,722,004
61$38,147,721$24,395,119$21,308,819$35,506,534
62$41,993,655$25,545,346$21,977,530$38,551,606
63$46,230,451$26,750,511$22,667,221$41,882,759
64$50,897,935$28,013,264$23,378,550$45,528,089
65$56,039,989$29,336,378$24,112,196$49,518,510
66$61,704,972$30,722,765$24,868,859$53,888,036
67$67,946,174$32,175,476$25,649,261$58,674,096
68$74,822,318$33,697,709$26,454,146$63,917,881
69$82,398,117$35,292,818$27,284,282$69,664,725
70$90,744,880$36,964,322$28,140,461$75,964,521
71$99,941,192$38,715,907$29,023,500$82,872,189
72$110,073,647$40,551,441$29,934,241$90,448,182
73$121,237,675$42,474,977$30,873,553$98,759,047
74$133,538,433$44,490,766$31,842,333$107,878,046
75$147,091,806$46,603,267$32,841,504$117,885,835
76$162,025,495$48,817,152$33,872,019$128,871,213
77$178,480,226$51,137,323$34,934,862$140,931,954
78$196,611,075$53,568,918$36,031,047$154,175,713
79$216,588,936$56,117,326$37,161,618$168,721,035
80$238,602,130$58,788,197$38,327,655$184,698,455
81$262,858,185$61,587,457$39,530,269$202,251,721
82$289,585,795$64,521,317$40,770,608$221,539,137
83$319,036,978$67,596,293$42,049,855$242,735,039
84$351,489,454$70,819,216$43,369,229$266,031,428
85$387,249,270$74,197,249$44,729,990$291,639,767
86$426,653,685$77,737,904$46,133,434$319,792,954
87$470,074,358$81,449,059$47,580,902$350,747,513
88$517,920,853$85,338,973$49,073,772$384,785,988
89$570,644,506$89,416,308$50,613,470$422,219,593
90$628,742,687$93,690,149$52,201,462$463,391,132
91$692,763,494$98,170,019$53,839,264$508,678,210
92$763,310,929$102,865,909$55,528,438$558,496,778
93$841,050,597$107,788,291$57,270,594$613,305,035
94$926,715,993$112,948,153$59,067,394$673,607,728
95$1,021,115,424$118,357,012$60,920,551$739,960,891
96$1,125,139,640$124,026,948$62,831,832$812,977,069
97$1,239,770,245$129,970,630$64,803,061$893,331,071
98$1,366,088,962$136,201,344$66,836,115$981,766,309
99$1,505,287,847$142,733,019$68,932,935$1,079,101,788
100$1,658,680,538$149,580,269$71,095,520$1,186,239,803