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%19.8%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,256,368
2 years$670,444$657,958$645,856$634,123$622,742$571,596
3 years$442,523$429,982$417,912$406,289$395,093$345,802
4 years$328,585$316,083$304,133$292,708$281,784$234,722
5 years$260,239$247,813$236,019$224,828$214,208$169,496
6 years$214,691$202,358$190,739$179,797$169,495$127,162
7 years$182,169$169,940$158,505$147,821$137,845$97,876
8 years$157,789$145,670$134,425$124,003$114,356$76,711
9 years$138,836$126,832$115,780$105,623$96,304$60,928
10 years$123,683$111,796$100,940$91,048$82,056$48,879
11 years$111,293$99,525$88,866$79,239$70,571$39,517
12 years$100,976$89,329$78,866$69,503$61,155$32,142
13 years$92,252$80,727$70,462$61,361$53,328$26,269
14 years$84,782$73,379$63,310$54,470$46,747$21,551
15 years$78,313$67,033$57,160$48,577$41,160$17,735
16 years$72,658$61,501$51,824$43,496$36,377$14,632
17 years$67,674$56,640$47,158$39,081$32,255$12,096
18 years$63,249$52,338$43,049$35,219$28,679$10,016
19 years$59,294$48,506$39,409$31,824$25,563$8,305
20 years$55,738$45,075$36,168$28,823$22,833$6,895
21 years$52,526$41,985$33,268$26,158$20,433$5,729
22 years$49,610$39,192$30,661$23,784$18,315$4,764
23 years$46,951$36,655$28,310$21,660$16,441$3,964
24 years$44,517$34,343$26,182$19,756$14,777$3,300
25 years$42,282$32,230$24,250$18,042$13,297$2,749
26 years$40,222$30,291$22,491$16,497$11,978$2,290
27 years$38,317$28,507$20,885$15,100$10,799$1,909
28 years$36,552$26,862$19,415$13,835$9,744$1,591
29 years$34,912$25,341$18,067$12,687$8,799$1,327
30 years$33,383$23,932$16,829$11,643$7,950$1,107
31 years$31,956$22,624$15,689$10,693$7,188$923
32 years$30,621$21,407$14,638$9,827$6,502$770
33 years$29,370$20,273$13,668$9,037$5,884$642
34 years$28,195$19,214$12,770$8,315$5,327$536
35 years$27,089$18,224$11,939$7,654$4,825$447
36 years$26,047$17,297$11,169$7,049$4,372$373
37 years$25,064$16,428$10,454$6,495$3,962$311
38 years$24,134$15,613$9,790$5,987$3,592$260
39 years$23,255$14,846$9,172$5,520$3,258$217
40 years$22,421$14,125$8,597$5,091$2,955$181
41 years$21,631$13,446$8,061$4,698$2,681$151
42 years$20,880$12,805$7,562$4,335$2,432$126
43 years$20,165$12,201$7,096$4,002$2,208$105
44 years$19,486$11,630$6,660$3,695$2,004$88
45 years$18,838$11,090$6,254$3,413$1,819$73
46 years$18,220$10,580$5,874$3,152$1,652$61
47 years$17,630$10,096$5,518$2,912$1,500$51
48 years$17,067$9,638$5,186$2,691$1,362$43
49 years$16,528$9,204$4,874$2,487$1,237$36
50 years$16,012$8,792$4,582$2,299$1,124$30

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 $2,819 every year, while hoping to spend $24,009 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: 79/12/9 Blend
52$16,400,000$16,400,000$16,400,000$16,400,000
53$18,075,708$17,206,508$16,952,308$19,478,864
54$19,893,885$18,024,081$17,494,665$21,217,641
55$21,896,711$18,880,911$18,054,386$23,121,254
56$24,102,995$19,778,896$18,632,028$25,208,843
57$26,533,464$20,720,025$19,228,164$27,498,756
58$29,210,958$21,706,387$19,843,389$30,011,196
59$32,160,646$22,740,170$20,478,312$32,768,407
60$35,410,262$23,823,668$21,133,565$35,794,881
61$38,990,369$24,959,289$21,809,800$39,117,589
62$42,934,648$26,149,555$22,507,689$42,766,233
63$47,280,211$27,397,112$23,227,927$46,773,522
64$52,067,959$28,704,737$23,971,228$51,175,476
65$57,342,959$30,075,338$24,738,333$56,011,768
66$63,154,878$31,511,966$25,530,004$61,326,089
67$69,558,444$33,017,821$26,347,028$67,166,563
68$76,613,971$34,596,260$27,190,219$73,586,194
69$84,387,919$36,250,799$28,060,414$80,643,364
70$92,953,528$37,985,130$28,958,479$88,402,377
71$102,391,507$39,803,121$29,885,308$96,934,070
72$112,790,798$41,708,830$30,841,822$106,316,467
73$124,249,409$43,706,513$31,828,973$116,635,519
74$136,875,348$45,800,632$32,847,744$127,985,907
75$150,787,637$47,995,866$33,899,146$140,471,934
76$166,117,436$50,297,124$34,984,228$154,208,500
77$183,009,283$52,709,551$36,104,067$169,322,184
78$201,622,455$55,238,544$37,259,779$185,952,435
79$222,132,478$57,889,765$38,452,514$204,252,880
80$244,732,775$60,669,148$39,683,458$224,392,768
81$269,636,500$63,582,919$40,953,836$246,558,564
82$297,078,547$66,637,605$42,264,913$270,955,701
83$327,317,764$69,840,053$43,617,993$297,810,511
84$360,639,404$73,197,444$45,014,423$327,372,358
85$397,357,810$76,717,306$46,455,594$359,915,982
86$437,819,390$80,407,537$47,942,939$395,744,084
87$482,405,879$84,276,418$49,477,939$435,190,177
88$531,537,952$88,332,635$51,062,123$478,621,726
89$585,679,185$92,585,297$52,697,067$526,443,608
90$645,340,442$97,043,956$54,384,399$579,101,921
91$711,084,690$101,718,633$56,125,799$637,088,193
92$783,532,316$106,619,833$57,923,000$700,944,004
93$863,366,985$111,758,578$59,777,794$771,266,093
94$951,342,093$117,146,423$61,692,025$848,711,977
95$1,048,287,879$122,795,491$63,667,601$934,006,152
96$1,155,119,266$128,718,494$65,706,489$1,027,946,913
97$1,272,844,495$134,928,763$67,810,719$1,131,413,880
98$1,402,574,642$141,440,282$69,982,388$1,245,376,293
99$1,545,534,116$148,267,715$72,223,658$1,370,902,143
100$1,703,072,207$155,426,444$74,536,761$1,509,168,238