Can I retire at age 53 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,271,982
2 years$666,356$653,946$641,918$630,257$618,945$591,070
3 years$439,824$427,361$415,363$403,811$392,684$365,606
4 years$326,581$314,155$302,278$290,923$280,066$253,994
5 years$258,653$246,302$234,580$223,457$212,901$187,909
6 years$213,382$201,124$189,576$178,700$168,462$144,576
7 years$181,058$168,903$157,538$146,919$137,004$114,229
8 years$156,827$144,781$133,605$123,247$113,658$91,987
9 years$137,990$126,058$115,074$104,979$95,717$75,133
10 years$122,929$111,114$100,324$90,493$81,556$62,039
11 years$110,615$98,918$88,324$78,756$70,140$51,666
12 years$100,360$88,784$78,385$69,080$60,782$43,321
13 years$91,690$80,235$70,032$60,987$53,003$36,525
14 years$84,265$72,931$62,924$54,137$46,462$30,935
15 years$77,835$66,624$56,812$48,281$40,909$26,298
16 years$72,215$61,126$51,508$43,230$36,156$22,426
17 years$67,261$56,295$46,870$38,842$32,058$19,173
18 years$62,863$52,019$42,787$35,005$28,505$16,429
19 years$58,932$48,211$39,169$31,630$25,407$14,103
20 years$55,399$44,800$35,948$28,647$22,694$12,125
21 years$52,206$41,729$33,065$25,999$20,308$10,439
22 years$49,307$38,953$30,474$23,639$18,204$8,998
23 years$46,665$36,432$28,138$21,528$16,341$7,763
24 years$44,246$34,134$26,023$19,635$14,687$6,703
25 years$42,024$32,033$24,102$17,932$13,216$5,792
26 years$39,976$30,106$22,353$16,396$11,905$5,008
27 years$38,084$28,333$20,757$15,008$10,733$4,332
28 years$36,329$26,698$19,296$13,750$9,685$3,750
29 years$34,699$25,187$17,957$12,609$8,745$3,247
30 years$33,180$23,786$16,726$11,572$7,902$2,812
31 years$31,762$22,486$15,593$10,628$7,144$2,436
32 years$30,435$21,276$14,549$9,768$6,462$2,111
33 years$29,191$20,149$13,584$8,982$5,848$1,830
34 years$28,023$19,097$12,692$8,264$5,295$1,587
35 years$26,924$18,113$11,867$7,608$4,796$1,376
36 years$25,888$17,192$11,101$7,007$4,345$1,193
37 years$24,911$16,328$10,390$6,456$3,938$1,035
38 years$23,987$15,518$9,730$5,950$3,570$898
39 years$23,113$14,756$9,116$5,486$3,238$779
40 years$22,285$14,039$8,544$5,060$2,937$676
41 years$21,499$13,364$8,012$4,669$2,664$586
42 years$20,752$12,727$7,515$4,309$2,418$509
43 years$20,042$12,126$7,052$3,978$2,194$441
44 years$19,367$11,559$6,620$3,673$1,992$383
45 years$18,723$11,023$6,216$3,392$1,808$332
46 years$18,109$10,515$5,838$3,133$1,642$289
47 years$17,523$10,035$5,485$2,895$1,491$250
48 years$16,963$9,579$5,154$2,675$1,354$217
49 years$16,427$9,148$4,845$2,472$1,229$189
50 years$15,914$8,738$4,555$2,285$1,117$164

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,300,000, adding $6,845 every year, while hoping to spend $56,596 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: 38/36/26 Blend
52$16,300,000$16,300,000$16,300,000$16,300,000
53$17,969,661$17,105,761$16,853,111$18,512,934
54$19,742,348$17,883,725$17,357,472$19,688,963
55$21,693,953$18,697,913$17,876,833$20,953,368
56$23,842,665$19,550,040$18,411,636$22,318,794
57$26,208,528$20,441,902$18,962,336$23,794,435
58$28,813,626$21,375,384$19,529,403$25,390,379
59$31,682,298$22,352,459$20,113,319$27,117,690
60$34,841,358$23,375,196$20,714,582$28,988,514
61$38,320,358$24,445,762$21,333,702$31,016,181
62$42,151,860$25,566,430$21,971,206$33,215,327
63$46,371,743$26,739,578$22,627,635$35,602,020
64$51,019,547$27,967,704$23,303,547$38,193,912
65$56,138,840$29,253,421$23,999,515$41,010,387
66$61,777,634$30,599,470$24,716,130$44,072,746
67$67,988,832$32,008,723$25,454,000$47,404,389
68$74,830,733$33,484,191$26,213,750$51,031,037
69$82,367,580$35,029,029$26,996,023$54,980,955
70$90,670,165$36,646,543$27,801,481$59,285,215
71$99,816,498$38,340,200$28,630,807$63,977,977
72$109,892,544$40,113,633$29,484,702$69,096,800
73$120,993,031$41,970,648$30,363,887$74,682,985
74$133,222,348$43,915,238$31,269,105$80,781,953
75$146,695,528$45,951,586$32,201,121$87,443,660
76$161,539,335$48,084,076$33,160,722$94,723,057
77$177,893,457$50,317,306$34,148,716$102,680,594
78$195,911,829$52,656,093$35,165,937$111,382,777
79$215,764,082$55,105,488$36,213,242$120,902,777
80$237,637,145$57,670,784$37,291,512$131,321,109
81$261,737,013$60,357,531$38,401,657$142,726,377
82$288,290,684$63,171,546$39,544,609$155,216,085
83$317,548,310$66,118,928$40,721,329$168,897,549
84$349,785,551$69,206,069$41,932,807$183,888,883
85$385,306,181$72,439,670$43,180,060$200,320,102
86$424,444,954$75,826,756$44,464,134$218,334,320
87$467,570,765$79,374,693$45,786,108$238,089,088
88$515,090,129$83,091,199$47,147,089$259,757,852
89$567,451,024$86,984,369$48,548,218$283,531,569
90$625,147,114$91,062,689$49,990,669$309,620,486
91$688,722,411$95,335,052$51,475,648$338,256,099
92$758,776,413$99,810,786$53,004,398$369,693,309
93$835,969,759$104,499,667$54,578,198$404,212,800
94$921,030,469$109,411,944$56,198,361$442,123,664
95$1,014,760,812$114,558,365$57,866,242$483,766,280
96$1,118,044,885$119,950,195$59,583,231$529,515,502
97$1,231,856,955$125,599,247$61,350,762$579,784,160
98$1,357,270,659$131,517,904$63,170,306$635,026,922
99$1,495,469,136$137,719,151$65,043,381$695,744,552
100$1,647,756,198$144,216,600$66,971,545$762,488,595