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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.8%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,284,447
2 years$674,532$661,969$649,794$637,990$626,540$595,203
3 years$445,221$432,604$420,460$408,766$397,502$367,094
4 years$330,588$318,010$305,987$294,493$283,502$254,255
5 years$261,826$249,324$237,459$226,199$215,514$187,511
6 years$216,000$203,592$191,902$180,893$170,529$143,798
7 years$183,280$170,976$159,471$148,722$138,686$113,231
8 years$158,751$146,558$135,244$124,759$115,053$90,864
9 years$139,683$127,605$116,486$106,267$96,891$73,949
10 years$124,437$112,478$101,555$91,603$82,556$60,835
11 years$111,972$100,132$89,407$79,722$71,001$50,470
12 years$101,592$89,873$79,347$69,927$61,528$42,154
13 years$92,815$81,219$70,891$61,735$53,654$35,399
14 years$85,299$73,826$63,696$54,802$47,032$29,858
15 years$78,790$67,441$57,509$48,873$41,411$25,277
16 years$73,101$61,876$52,140$43,761$36,599$21,463
17 years$68,087$56,986$47,446$39,319$32,451$18,271
18 years$63,634$52,657$43,312$35,434$28,854$15,587
19 years$59,655$48,802$39,650$32,018$25,718$13,320
20 years$56,078$45,349$36,389$28,998$22,972$11,401
21 years$52,846$42,241$33,470$26,318$20,558$9,770
22 years$49,912$39,431$30,848$23,929$18,427$8,382
23 years$47,237$36,879$28,483$21,793$16,541$7,198
24 years$44,789$34,553$26,342$19,876$14,867$6,186
25 years$42,540$32,426$24,398$18,152$13,378$5,320
26 years$40,467$30,475$22,628$16,597$12,051$4,578
27 years$38,551$28,681$21,012$15,192$10,865$3,941
28 years$36,775$27,026$19,533$13,919$9,804$3,394
29 years$35,124$25,496$18,177$12,764$8,852$2,924
30 years$33,587$24,078$16,932$11,714$7,999$2,520
31 years$32,151$22,762$15,785$10,759$7,232$2,173
32 years$30,808$21,537$14,727$9,887$6,541$1,874
33 years$29,549$20,396$13,751$9,092$5,920$1,616
34 years$28,367$19,331$12,848$8,366$5,360$1,394
35 years$27,254$18,335$12,012$7,701$4,855$1,203
36 years$26,206$17,403$11,237$7,092$4,399$1,038
37 years$25,216$16,529$10,518$6,535$3,987$896
38 years$24,281$15,708$9,849$6,023$3,614$773
39 years$23,397$14,937$9,228$5,554$3,277$667
40 years$22,558$14,211$8,649$5,123$2,973$576
41 years$21,763$13,528$8,110$4,726$2,697$497
42 years$21,007$12,883$7,608$4,362$2,447$429
43 years$20,288$12,275$7,139$4,026$2,221$370
44 years$19,604$11,701$6,701$3,718$2,016$320
45 years$18,953$11,158$6,292$3,433$1,830$276
46 years$18,331$10,644$5,910$3,171$1,662$238
47 years$17,738$10,158$5,552$2,930$1,509$206
48 years$17,171$9,697$5,217$2,707$1,370$178
49 years$16,629$9,260$4,904$2,502$1,245$153
50 years$16,110$8,846$4,610$2,313$1,130$133

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 $3,866 every year, while hoping to spend $43,230 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: 70/19/11 Blend
52$16,500,000$16,500,000$16,500,000$16,500,000
53$18,186,988$17,312,488$17,056,738$19,418,753
54$19,996,064$18,114,803$17,582,142$21,038,133
55$21,988,217$18,954,983$18,123,699$22,804,025
56$24,182,076$19,834,838$18,681,903$24,735,317
57$26,598,166$20,756,263$19,257,265$26,848,279
58$29,259,108$21,721,249$19,850,312$29,160,815
59$32,189,825$22,731,878$20,461,585$31,692,630
60$35,417,783$23,790,336$21,091,645$34,465,409
61$38,973,248$24,898,914$21,741,066$37,503,022
62$42,889,570$26,060,012$22,410,443$40,831,741
63$47,203,500$27,276,146$23,100,386$44,480,488
64$51,955,536$28,549,956$23,811,528$48,481,099
65$57,190,303$29,884,206$24,544,517$52,868,625
66$62,956,979$31,281,797$25,300,023$57,681,654
67$69,309,754$32,745,768$26,078,737$62,962,674
68$76,308,343$34,279,305$26,881,369$68,758,465
69$84,018,551$35,885,749$27,708,652$75,120,539
70$92,512,894$37,568,601$28,561,342$82,105,617
71$101,871,280$39,331,533$29,440,218$89,776,161
72$112,181,767$41,178,394$30,346,081$98,200,959
73$123,541,391$43,113,220$31,279,759$107,455,762
74$136,057,085$45,140,239$32,242,103$117,623,998
75$149,846,685$47,263,889$33,233,991$128,797,550
76$165,040,046$49,488,818$34,256,329$141,077,619
77$181,780,263$51,819,903$35,310,048$154,575,664
78$200,225,025$54,262,253$36,396,110$169,414,457
79$220,548,103$56,821,229$37,515,505$185,729,225
80$242,940,989$59,502,449$38,669,254$203,668,921
81$267,614,705$62,311,803$39,858,409$223,397,620
82$294,801,791$65,255,469$41,084,052$245,096,061
83$324,758,508$68,339,921$42,347,302$268,963,338
84$357,767,249$71,571,950$43,649,309$295,218,775
85$394,139,207$74,958,674$44,991,260$324,103,982
86$434,217,315$78,507,558$46,374,377$355,885,122
87$478,379,482$82,226,429$47,799,919$390,855,418
88$527,042,157$86,123,493$49,269,185$429,337,904
89$580,664,267$90,207,353$50,783,512$471,688,461
90$639,751,542$94,487,033$52,344,279$518,299,165
91$704,861,293$98,971,992$53,952,907$569,601,975
92$776,607,675$103,672,150$55,610,859$626,072,792
93$855,667,480$108,597,906$57,319,644$688,235,938
94$942,786,527$113,760,169$59,080,817$756,669,091
95$1,038,786,708$119,170,372$60,895,980$832,008,718
96$1,144,573,741$124,840,508$62,766,783$914,956,068
97$1,261,145,720$130,783,151$64,694,928$1,006,283,771
98$1,389,602,543$137,011,485$66,682,168$1,106,843,117
99$1,531,156,291$143,539,336$68,730,308$1,217,572,066
100$1,687,142,671$150,381,202$70,841,212$1,339,504,084