Can I retire at age 53 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,253,976
2 years$662,268$649,934$637,980$626,390$615,148$577,337
3 years$437,126$424,739$412,815$401,334$390,275$353,673
4 years$324,577$312,228$300,424$289,139$278,348$243,234
5 years$257,066$244,791$233,141$222,086$211,595$178,067
6 years$212,073$199,890$188,413$177,604$167,428$135,515
7 years$179,948$167,867$156,572$146,018$136,164$105,866
8 years$155,865$143,893$132,785$122,491$112,961$84,259
9 years$137,143$125,285$114,368$104,335$95,130$67,995
10 years$122,175$110,433$99,709$89,938$81,055$55,451
11 years$109,936$98,312$87,782$78,273$69,710$45,593
12 years$99,744$88,239$77,904$68,656$60,409$37,731
13 years$91,127$79,742$69,602$60,613$52,678$31,388
14 years$83,748$72,484$62,538$53,805$46,177$26,222
15 years$77,358$66,215$56,463$47,985$40,658$21,981
16 years$71,772$60,751$51,192$42,965$35,934$18,479
17 years$66,849$55,950$46,583$38,604$31,861$15,571
18 years$62,477$51,700$42,524$34,790$28,330$13,147
19 years$58,570$47,915$38,929$31,436$25,251$11,118
20 years$55,059$44,525$35,727$28,471$22,555$9,415
21 years$51,886$41,473$32,862$25,839$20,184$7,982
22 years$49,005$38,714$30,287$23,494$18,092$6,774
23 years$46,378$36,208$27,965$21,396$16,240$5,753
24 years$43,974$33,925$25,863$19,515$14,597$4,890
25 years$41,766$31,837$23,954$17,822$13,135$4,158
26 years$39,731$29,921$22,216$16,295$11,832$3,538
27 years$37,850$28,159$20,630$14,916$10,667$3,012
28 years$36,106$26,534$19,178$13,666$9,625$2,564
29 years$34,486$25,032$17,847$12,532$8,691$2,184
30 years$32,976$23,640$16,624$11,501$7,853$1,861
31 years$31,567$22,348$15,498$10,563$7,100$1,586
32 years$30,248$21,146$14,460$9,708$6,423$1,352
33 years$29,012$20,025$13,501$8,927$5,812$1,152
34 years$27,851$18,979$12,615$8,214$5,262$982
35 years$26,759$18,002$11,794$7,561$4,766$838
36 years$25,729$17,086$11,033$6,964$4,319$714
37 years$24,758$16,228$10,327$6,416$3,914$609
38 years$23,840$15,422$9,670$5,914$3,549$520
39 years$22,971$14,665$9,060$5,453$3,218$443
40 years$22,148$13,953$8,492$5,029$2,919$378
41 years$21,367$13,282$7,963$4,640$2,648$322
42 years$20,625$12,649$7,469$4,282$2,403$275
43 years$19,919$12,052$7,009$3,953$2,181$235
44 years$19,248$11,488$6,579$3,650$1,979$200
45 years$18,608$10,955$6,178$3,371$1,797$171
46 years$17,998$10,451$5,802$3,114$1,631$146
47 years$17,415$9,973$5,451$2,877$1,481$124
48 years$16,858$9,521$5,122$2,658$1,345$106
49 years$16,326$9,092$4,815$2,457$1,222$90
50 years$15,817$8,685$4,527$2,271$1,110$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,200,000, adding $2,848 every year, while hoping to spend $46,549 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: 27/50/23 Blend
52$16,200,000$16,200,000$16,200,000$16,200,000
53$17,855,338$16,996,738$16,745,638$18,207,812
54$19,627,054$17,780,050$17,257,089$19,270,525
55$21,577,926$18,600,185$17,784,113$20,406,518
56$23,726,177$19,458,897$18,327,184$21,625,290
57$26,091,890$20,358,025$18,886,788$22,933,897
58$28,697,194$21,299,499$19,463,426$24,340,054
59$31,566,472$22,285,339$20,057,615$25,852,199
60$34,726,595$23,317,663$20,669,887$27,479,565
61$38,207,171$24,398,692$21,300,792$29,232,257
62$42,040,827$25,530,753$21,950,894$31,121,337
63$46,263,517$26,716,286$22,620,774$33,158,922
64$50,914,859$27,957,847$23,311,033$35,358,282
65$56,038,510$29,258,117$24,022,288$37,733,961
66$61,682,579$30,619,906$24,755,176$40,301,898
67$67,900,080$32,046,159$25,510,352$43,079,567
68$74,749,431$33,539,964$26,288,492$46,086,131
69$82,295,008$35,104,556$27,090,291$49,342,606
70$90,607,749$36,743,330$27,916,466$52,872,050
71$99,765,827$38,459,841$28,767,755$56,699,763
72$109,855,386$40,257,817$29,644,920$60,853,513
73$120,971,353$42,141,168$30,548,742$65,363,782
74$133,218,336$44,113,991$31,480,031$70,264,035
75$146,711,611$46,180,581$32,439,616$75,591,022
76$161,578,208$48,345,442$33,428,356$81,385,106
77$177,958,111$50,613,294$34,447,131$87,690,623
78$196,005,580$52,989,087$35,496,852$94,556,284
79$215,890,606$55,478,010$36,578,454$102,035,614
80$237,800,518$58,085,503$37,692,902$110,187,431
81$261,941,747$60,817,268$38,841,190$119,076,386
82$288,541,776$63,679,285$40,024,341$128,773,543
83$317,851,291$66,677,824$41,243,410$139,357,030
84$350,146,541$69,819,456$42,499,483$150,912,749
85$385,731,951$73,111,072$43,793,678$163,535,157
86$424,942,992$76,559,896$45,127,149$177,328,135
87$468,149,351$80,173,505$46,501,082$192,405,935
88$515,758,416$83,959,838$47,916,700$208,894,227
89$568,219,128$87,927,223$49,375,262$226,931,256
90$626,026,213$92,084,391$50,878,068$246,669,111
91$689,724,856$96,440,496$52,426,452$268,275,126
92$759,915,846$101,005,134$54,021,792$291,933,420
93$837,261,246$105,788,370$55,665,507$317,846,599
94$922,490,648$110,800,755$57,359,056$346,237,629
95$1,016,408,055$116,053,353$59,103,945$377,351,893
96$1,119,899,473$121,557,764$60,901,724$411,459,467
97$1,233,941,277$127,326,152$62,753,989$448,857,620
98$1,359,609,424$133,371,270$64,662,385$489,873,574
99$1,498,089,615$139,706,492$66,628,605$534,867,539
100$1,650,688,487$146,345,842$68,654,394$584,236,063