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%19.8%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,248,707
2 years$666,356$653,946$641,918$630,257$618,945$568,111
3 years$439,824$427,361$415,363$403,811$392,684$343,693
4 years$326,581$314,155$302,278$290,923$280,066$233,291
5 years$258,653$246,302$234,580$223,457$212,901$168,462
6 years$213,382$201,124$189,576$178,700$168,462$126,387
7 years$181,058$168,903$157,538$146,919$137,004$97,279
8 years$156,827$144,781$133,605$123,247$113,658$76,244
9 years$137,990$126,058$115,074$104,979$95,717$60,556
10 years$122,929$111,114$100,324$90,493$81,556$48,581
11 years$110,615$98,918$88,324$78,756$70,140$39,276
12 years$100,360$88,784$78,385$69,080$60,782$31,946
13 years$91,690$80,235$70,032$60,987$53,003$26,109
14 years$84,265$72,931$62,924$54,137$46,462$21,420
15 years$77,835$66,624$56,812$48,281$40,909$17,627
16 years$72,215$61,126$51,508$43,230$36,156$14,542
17 years$67,261$56,295$46,870$38,842$32,058$12,022
18 years$62,863$52,019$42,787$35,005$28,505$9,955
19 years$58,932$48,211$39,169$31,630$25,407$8,255
20 years$55,399$44,800$35,948$28,647$22,694$6,853
21 years$52,206$41,729$33,065$25,999$20,308$5,694
22 years$49,307$38,953$30,474$23,639$18,204$4,735
23 years$46,665$36,432$28,138$21,528$16,341$3,940
24 years$44,246$34,134$26,023$19,635$14,687$3,280
25 years$42,024$32,033$24,102$17,932$13,216$2,732
26 years$39,976$30,106$22,353$16,396$11,905$2,276
27 years$38,084$28,333$20,757$15,008$10,733$1,897
28 years$36,329$26,698$19,296$13,750$9,685$1,582
29 years$34,699$25,187$17,957$12,609$8,745$1,319
30 years$33,180$23,786$16,726$11,572$7,902$1,100
31 years$31,762$22,486$15,593$10,628$7,144$917
32 years$30,435$21,276$14,549$9,768$6,462$765
33 years$29,191$20,149$13,584$8,982$5,848$639
34 years$28,023$19,097$12,692$8,264$5,295$533
35 years$26,924$18,113$11,867$7,608$4,796$445
36 years$25,888$17,192$11,101$7,007$4,345$371
37 years$24,911$16,328$10,390$6,456$3,938$310
38 years$23,987$15,518$9,730$5,950$3,570$258
39 years$23,113$14,756$9,116$5,486$3,238$216
40 years$22,285$14,039$8,544$5,060$2,937$180
41 years$21,499$13,364$8,012$4,669$2,664$150
42 years$20,752$12,727$7,515$4,309$2,418$125
43 years$20,042$12,126$7,052$3,978$2,194$105
44 years$19,367$11,559$6,620$3,673$1,992$87
45 years$18,723$11,023$6,216$3,392$1,808$73
46 years$18,109$10,515$5,838$3,133$1,642$61
47 years$17,523$10,035$5,485$2,895$1,491$51
48 years$16,963$9,579$5,154$2,675$1,354$42
49 years$16,427$9,148$4,845$2,472$1,229$35
50 years$15,914$8,738$4,555$2,285$1,117$30

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 $5,542 every year, while hoping to spend $39,675 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: 63/12/25 Blend
52$16,300,000$16,300,000$16,300,000$16,300,000
53$17,968,317$17,104,417$16,851,767$18,981,414
54$19,758,871$17,900,319$17,374,087$20,463,430
55$21,730,732$18,733,891$17,912,575$22,076,581
56$23,902,352$19,606,937$18,467,731$23,837,694
57$26,294,061$20,521,346$19,040,070$25,761,258
58$28,928,266$21,479,103$19,630,123$27,863,213
59$31,829,654$22,482,284$20,238,437$30,161,102
60$35,025,432$23,533,068$20,865,577$32,674,235
61$38,545,576$24,633,739$21,512,125$35,423,860
62$42,423,124$25,786,691$22,178,679$38,433,370
63$46,694,476$26,994,433$22,865,859$41,728,514
64$51,399,749$28,259,597$23,574,302$45,337,638
65$56,583,147$29,584,940$24,304,664$49,291,948
66$62,293,381$30,973,355$25,057,624$53,625,801
67$68,584,129$32,427,873$25,833,877$58,377,027
68$75,514,544$33,951,672$26,634,146$63,587,278
69$83,149,808$35,548,085$27,459,170$69,302,420
70$91,561,752$37,220,604$28,309,716$75,572,958
71$100,829,530$38,972,893$29,186,571$82,454,513
72$111,040,368$40,808,791$30,090,547$90,008,334
73$122,290,388$42,732,324$31,022,483$98,301,879
74$134,685,513$44,747,714$31,983,241$107,409,439
75$148,342,468$46,859,384$32,973,713$117,412,841
76$163,389,882$49,071,977$33,994,814$128,402,208
77$179,969,502$51,390,355$35,047,492$140,476,804
78$198,237,529$53,819,620$36,132,721$153,745,969
79$218,366,095$56,365,120$37,251,506$168,330,141
80$240,544,888$59,032,462$38,404,882$184,361,985
81$264,982,940$61,827,526$39,593,919$201,987,641
82$291,910,601$64,756,476$40,819,716$221,368,092
83$321,581,714$67,825,775$42,083,409$242,680,677
84$354,276,012$71,042,202$43,386,166$266,120,761
85$390,301,757$74,412,861$44,729,195$291,903,563
86$429,998,650$77,945,205$46,113,737$320,266,184
87$473,741,039$81,647,047$47,541,073$351,469,832
88$521,941,451$85,526,578$49,012,525$385,802,283
89$575,054,488$89,592,390$50,529,454$423,580,580
90$633,581,118$93,853,489$52,093,263$465,154,024
91$698,073,403$98,319,320$53,705,397$510,907,450
92$769,139,711$102,999,788$55,367,350$561,264,859
93$847,450,462$107,905,278$57,080,656$616,693,398
94$933,744,452$113,046,680$58,846,901$677,707,767
95$1,028,835,832$118,435,413$60,667,718$744,875,057
96$1,133,621,789$124,083,451$62,544,789$818,820,091
97$1,249,091,023$130,003,351$64,479,851$900,231,314
98$1,376,333,073$136,208,280$66,474,691$989,867,269
99$1,516,548,606$142,712,046$68,531,154$1,088,563,747
100$1,671,060,756$149,529,128$70,651,139$1,197,241,658