Can I retire at age 53 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,282,404
2 years$670,444$657,958$645,856$634,123$622,742$597,300
3 years$442,523$429,982$417,912$406,289$395,093$370,358
4 years$328,585$316,083$304,133$292,708$281,784$257,945
5 years$260,239$247,813$236,019$224,828$214,208$191,334
6 years$214,691$202,358$190,739$179,797$169,495$147,611
7 years$182,169$169,940$158,505$147,821$137,845$116,957
8 years$157,789$145,670$134,425$124,003$114,356$94,457
9 years$138,836$126,832$115,780$105,623$96,304$77,382
10 years$123,683$111,796$100,940$91,048$82,056$64,093
11 years$111,293$99,525$88,866$79,239$70,571$53,546
12 years$100,976$89,329$78,866$69,503$61,155$45,043
13 years$92,252$80,727$70,462$61,361$53,328$38,104
14 years$84,782$73,379$63,310$54,470$46,747$32,382
15 years$78,313$67,033$57,160$48,577$41,160$27,623
16 years$72,658$61,501$51,824$43,496$36,377$23,639
17 years$67,674$56,640$47,158$39,081$32,255$20,284
18 years$63,249$52,338$43,049$35,219$28,679$17,444
19 years$59,294$48,506$39,409$31,824$25,563$15,030
20 years$55,738$45,075$36,168$28,823$22,833$12,971
21 years$52,526$41,985$33,268$26,158$20,433$11,210
22 years$49,610$39,192$30,661$23,784$18,315$9,699
23 years$46,951$36,655$28,310$21,660$16,441$8,401
24 years$44,517$34,343$26,182$19,756$14,777$7,283
25 years$42,282$32,230$24,250$18,042$13,297$6,318
26 years$40,222$30,291$22,491$16,497$11,978$5,485
27 years$38,317$28,507$20,885$15,100$10,799$4,764
28 years$36,552$26,862$19,415$13,835$9,744$4,140
29 years$34,912$25,341$18,067$12,687$8,799$3,599
30 years$33,383$23,932$16,829$11,643$7,950$3,130
31 years$31,956$22,624$15,689$10,693$7,188$2,723
32 years$30,621$21,407$14,638$9,827$6,502$2,370
33 years$29,370$20,273$13,668$9,037$5,884$2,063
34 years$28,195$19,214$12,770$8,315$5,327$1,796
35 years$27,089$18,224$11,939$7,654$4,825$1,564
36 years$26,047$17,297$11,169$7,049$4,372$1,362
37 years$25,064$16,428$10,454$6,495$3,962$1,186
38 years$24,134$15,613$9,790$5,987$3,592$1,033
39 years$23,255$14,846$9,172$5,520$3,258$900
40 years$22,421$14,125$8,597$5,091$2,955$785
41 years$21,631$13,446$8,061$4,698$2,681$684
42 years$20,880$12,805$7,562$4,335$2,432$596
43 years$20,165$12,201$7,096$4,002$2,208$519
44 years$19,486$11,630$6,660$3,695$2,004$452
45 years$18,838$11,090$6,254$3,413$1,819$394
46 years$18,220$10,580$5,874$3,152$1,652$344
47 years$17,630$10,096$5,518$2,912$1,500$300
48 years$17,067$9,638$5,186$2,691$1,362$261
49 years$16,528$9,204$4,874$2,487$1,237$228
50 years$16,012$8,792$4,582$2,299$1,124$198

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,400,000, adding $5,839 every year, while hoping to spend $52,359 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: 81/13/6 Blend
52$16,400,000$16,400,000$16,400,000$16,400,000
53$18,078,823$17,209,623$16,955,423$19,535,253
54$19,867,153$17,997,185$17,467,720$21,276,337
55$21,836,139$18,821,583$17,995,424$23,179,199
56$24,004,150$19,684,566$18,538,996$25,265,966
57$26,391,432$20,587,968$19,098,911$27,554,988
58$29,020,290$21,533,710$19,675,657$30,066,470
59$31,915,305$22,523,808$20,269,737$32,822,658
60$35,103,563$23,560,371$20,881,670$35,848,049
61$38,614,909$24,645,612$21,511,989$39,169,619
62$42,482,232$25,781,849$22,161,243$42,817,077
63$46,741,773$26,971,513$22,829,997$46,823,137
64$51,433,468$28,217,151$23,518,836$51,223,831
65$56,601,322$29,521,432$24,228,357$56,058,841
66$62,293,829$30,887,154$24,959,180$61,371,873
67$68,564,426$32,317,251$25,711,938$67,211,066
68$75,471,997$33,814,796$26,487,288$73,629,441
69$83,081,432$35,383,012$27,285,903$80,685,400
70$91,464,234$37,025,276$28,108,477$88,443,275
71$100,699,200$38,745,129$28,955,726$96,973,927
72$110,873,160$40,546,281$29,828,383$106,355,414
73$122,081,796$42,432,623$30,727,209$116,673,723
74$134,430,550$44,408,232$31,652,981$128,023,576
75$148,035,614$46,477,383$32,606,503$140,509,324
76$163,025,029$48,644,557$33,588,603$154,245,919
77$179,539,892$50,914,450$34,600,131$169,360,002
78$197,735,689$53,291,987$35,641,965$185,991,089
79$217,783,765$55,782,329$36,715,005$204,292,885
80$239,872,933$58,390,888$37,820,182$224,434,727
81$264,211,266$61,123,335$38,958,452$246,603,175
82$291,028,055$63,985,618$40,130,800$271,003,773
83$320,575,974$66,983,971$41,338,240$297,862,976
84$353,133,467$70,124,930$42,581,815$327,430,285
85$389,007,376$73,415,346$43,862,600$359,980,593
86$428,535,833$76,862,403$45,181,702$395,816,775
87$472,091,458$80,473,631$46,540,259$435,272,536
88$520,084,874$84,256,926$47,939,445$478,715,554
89$572,968,581$88,220,565$49,380,466$526,550,946
90$631,241,230$92,373,227$50,864,566$579,225,078
91$695,452,329$96,724,009$52,393,023$637,229,774
92$766,207,433$101,282,451$53,967,155$701,106,944
93$844,173,854$106,058,555$55,588,318$771,453,695
94$930,086,968$111,062,805$57,257,907$848,927,955
95$1,024,757,153$116,306,196$58,977,361$934,254,672
96$1,129,077,437$121,800,254$60,748,157$1,028,232,646
97$1,244,031,935$127,557,066$62,571,820$1,131,742,059
98$1,370,705,132$133,589,302$64,449,916$1,245,752,771
99$1,510,292,127$139,910,249$66,384,059$1,371,333,463
100$1,664,109,909$146,533,837$68,375,911$1,509,661,710