Can I retire at age 53 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,294,469
2 years$674,532$661,969$649,794$637,990$626,540$605,175
3 years$445,221$432,604$420,460$408,766$397,502$376,702
4 years$330,588$318,010$305,987$294,493$283,502$263,426
5 years$261,826$249,324$237,459$226,199$215,514$196,221
6 years$216,000$203,592$191,902$180,893$170,529$152,040
7 years$183,280$170,976$159,471$148,722$138,686$121,007
8 years$158,751$146,558$135,244$124,759$115,053$98,182
9 years$139,683$127,605$116,486$106,267$96,891$80,818
10 years$124,437$112,478$101,555$91,603$82,556$67,268
11 years$111,972$100,132$89,407$79,722$71,001$56,482
12 years$101,592$89,873$79,347$69,927$61,528$47,760
13 years$92,815$81,219$70,891$61,735$53,654$40,616
14 years$85,299$73,826$63,696$54,802$47,032$34,703
15 years$78,790$67,441$57,509$48,873$41,411$29,767
16 years$73,101$61,876$52,140$43,761$36,599$25,617
17 years$68,087$56,986$47,446$39,319$32,451$22,107
18 years$63,634$52,657$43,312$35,434$28,854$19,122
19 years$59,655$48,802$39,650$32,018$25,718$16,574
20 years$56,078$45,349$36,389$28,998$22,972$14,389
21 years$52,846$42,241$33,470$26,318$20,558$12,511
22 years$49,912$39,431$30,848$23,929$18,427$10,892
23 years$47,237$36,879$28,483$21,793$16,541$9,493
24 years$44,789$34,553$26,342$19,876$14,867$8,281
25 years$42,540$32,426$24,398$18,152$13,378$7,230
26 years$40,467$30,475$22,628$16,597$12,051$6,316
27 years$38,551$28,681$21,012$15,192$10,865$5,522
28 years$36,775$27,026$19,533$13,919$9,804$4,830
29 years$35,124$25,496$18,177$12,764$8,852$4,227
30 years$33,587$24,078$16,932$11,714$7,999$3,700
31 years$32,151$22,762$15,785$10,759$7,232$3,241
32 years$30,808$21,537$14,727$9,887$6,541$2,839
33 years$29,549$20,396$13,751$9,092$5,920$2,488
34 years$28,367$19,331$12,848$8,366$5,360$2,180
35 years$27,254$18,335$12,012$7,701$4,855$1,911
36 years$26,206$17,403$11,237$7,092$4,399$1,676
37 years$25,216$16,529$10,518$6,535$3,987$1,470
38 years$24,281$15,708$9,849$6,023$3,614$1,289
39 years$23,397$14,937$9,228$5,554$3,277$1,131
40 years$22,558$14,211$8,649$5,123$2,973$992
41 years$21,763$13,528$8,110$4,726$2,697$870
42 years$21,007$12,883$7,608$4,362$2,447$764
43 years$20,288$12,275$7,139$4,026$2,221$670
44 years$19,604$11,701$6,701$3,718$2,016$588
45 years$18,953$11,158$6,292$3,433$1,830$516
46 years$18,331$10,644$5,910$3,171$1,662$453
47 years$17,738$10,158$5,552$2,930$1,509$398
48 years$17,171$9,697$5,217$2,707$1,370$349
49 years$16,629$9,260$4,904$2,502$1,245$306
50 years$16,110$8,846$4,610$2,313$1,130$269

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,500,000, adding $6,725 every year, while hoping to spend $27,186 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: 45/49/6 Blend
52$16,500,000$16,500,000$16,500,000$16,500,000
53$18,189,937$17,315,437$17,059,687$18,978,070
54$20,016,385$18,134,968$17,602,261$20,341,276
55$22,028,219$18,993,744$18,162,100$21,815,146
56$24,244,321$19,893,661$18,739,753$23,412,565
57$26,685,495$20,836,704$19,335,789$25,144,907
58$29,374,670$21,824,956$19,950,791$27,024,648
59$32,337,108$22,860,602$20,585,365$29,065,478
60$35,600,652$23,945,929$21,240,133$31,282,417
61$39,195,979$25,083,341$21,915,739$33,691,954
62$43,156,897$26,275,353$22,612,845$36,312,188
63$47,520,662$27,524,606$23,332,136$39,162,995
64$52,328,326$28,833,868$24,074,319$42,266,199
65$57,625,129$30,206,042$24,840,122$45,645,771
66$63,460,925$31,644,170$25,630,299$49,328,046
67$69,890,649$33,151,445$26,445,624$53,341,954
68$76,974,842$34,731,213$27,286,899$57,719,287
69$84,780,216$36,386,982$28,154,951$62,494,983
70$93,380,288$38,122,434$29,050,631$67,707,443
71$102,856,070$39,941,426$29,974,820$73,398,880
72$113,296,838$41,848,005$30,928,425$79,615,702
73$124,800,972$43,846,413$31,912,384$86,408,934
74$137,476,885$45,941,102$32,927,663$93,834,686
75$151,444,047$48,136,736$33,975,260$101,954,662
76$166,834,112$50,438,208$35,056,203$110,836,730
77$183,792,161$52,850,650$36,171,555$120,555,539
78$202,478,072$55,379,442$37,322,413$131,193,204
79$223,068,027$58,030,226$38,509,905$142,840,068
80$245,756,179$60,808,921$39,735,201$155,595,522
81$270,756,483$63,721,731$40,999,503$169,568,932
82$298,304,712$66,775,163$42,304,054$184,880,640
83$328,660,689$69,976,043$43,650,136$201,663,080
84$362,110,735$73,331,526$45,039,072$220,061,999
85$398,970,377$76,849,117$46,472,228$240,237,808
86$439,587,318$80,536,687$47,951,011$262,367,068
87$484,344,730$84,402,489$49,476,875$286,644,125
88$533,664,862$88,455,181$51,051,319$313,282,916
89$588,013,032$92,703,839$52,675,893$342,518,954
90$647,902,017$97,157,983$54,352,191$374,611,518
91$713,896,896$101,827,598$56,081,863$409,846,065
92$786,620,383$106,723,153$57,866,608$448,536,884
93$866,758,704$111,855,629$59,708,182$491,030,031
94$955,068,079$117,236,543$61,608,393$537,706,545
95$1,052,381,861$122,877,971$63,569,112$588,986,011
96$1,159,618,398$128,792,579$65,592,265$645,330,467
97$1,277,789,711$134,993,651$67,679,842$707,248,726
98$1,408,011,040$141,495,118$69,833,895$775,301,123
99$1,551,511,377$148,311,591$72,056,542$850,104,758
100$1,709,645,071$155,458,392$74,349,969$932,339,264