Can I retire at age 53 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,279,287
2 years$678,620$665,981$653,733$641,856$630,337$586,023
3 years$447,919$435,226$423,008$411,244$399,912$357,095
4 years$332,592$319,937$307,842$296,278$285,220$244,228
5 years$263,413$250,835$238,898$227,570$216,820$177,761
6 years$217,309$204,825$193,065$181,989$171,562$134,469
7 years$184,391$172,012$160,438$149,624$139,526$104,392
8 years$159,713$147,446$136,064$125,515$115,750$82,549
9 years$140,529$128,378$117,192$106,911$97,479$66,170
10 years$125,192$113,159$102,171$92,159$83,057$53,591
11 years$112,651$100,739$89,949$80,206$71,431$43,752
12 years$102,207$90,418$79,828$70,351$61,901$35,945
13 years$93,377$81,711$71,321$62,109$53,979$29,679
14 years$85,816$74,273$64,082$55,134$47,318$24,606
15 years$79,268$67,850$57,857$49,170$41,662$20,467
16 years$73,544$62,251$52,456$44,026$36,821$17,070
17 years$68,499$57,331$47,733$39,557$32,648$14,268
18 years$64,020$52,976$43,574$35,649$29,029$11,948
19 years$60,017$49,098$39,890$32,212$25,874$10,021
20 years$56,418$45,624$36,609$29,174$23,111$8,415
21 years$53,167$42,497$33,673$26,477$20,682$7,074
22 years$50,215$39,670$31,035$24,074$18,539$5,952
23 years$47,523$37,102$28,656$21,925$16,641$5,012
24 years$45,060$34,762$26,501$19,996$14,958$4,222
25 years$42,797$32,623$24,546$18,262$13,460$3,559
26 years$40,712$30,660$22,765$16,698$12,124$3,002
27 years$38,785$28,855$21,139$15,284$10,931$2,532
28 years$36,998$27,190$19,652$14,003$9,863$2,137
29 years$35,337$25,650$18,288$12,841$8,906$1,804
30 years$33,790$24,224$17,034$11,785$8,047$1,523
31 years$32,346$22,900$15,880$10,824$7,275$1,286
32 years$30,995$21,668$14,817$9,947$6,581$1,086
33 years$29,728$20,520$13,834$9,147$5,956$918
34 years$28,538$19,448$12,926$8,416$5,392$775
35 years$27,419$18,446$12,085$7,748$4,884$655
36 years$26,365$17,508$11,305$7,135$4,425$553
37 years$25,369$16,629$10,582$6,574$4,011$468
38 years$24,429$15,803$9,909$6,060$3,636$395
39 years$23,538$15,027$9,284$5,587$3,297$334
40 years$22,695$14,297$8,702$5,154$2,991$282
41 years$21,894$13,610$8,159$4,755$2,713$238
42 years$21,134$12,961$7,654$4,388$2,462$202
43 years$20,411$12,350$7,182$4,051$2,234$170
44 years$19,723$11,772$6,742$3,740$2,028$144
45 years$19,067$11,225$6,330$3,454$1,841$122
46 years$18,442$10,709$5,945$3,191$1,672$103
47 years$17,845$10,219$5,586$2,948$1,518$87
48 years$17,275$9,756$5,249$2,724$1,379$74
49 years$16,729$9,316$4,934$2,517$1,252$62
50 years$16,207$8,899$4,638$2,327$1,137$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,600,000, adding $4,265 every year, while hoping to spend $57,804 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: 53/21/26 Blend
52$16,600,000$16,600,000$16,600,000$16,600,000
53$18,297,599$17,417,799$17,160,499$19,134,739
54$20,102,451$18,209,769$17,673,873$20,506,108
55$22,089,461$19,038,607$18,202,507$21,991,416
56$24,277,147$19,906,060$18,746,853$23,606,664
57$26,685,916$20,813,957$19,307,372$25,364,298
58$29,338,254$21,764,214$19,884,543$27,278,002
59$32,258,936$22,758,841$20,478,856$29,362,820
60$35,475,266$23,799,943$21,090,815$31,635,298
61$39,017,327$24,889,724$21,720,942$34,113,635
62$42,918,272$26,030,498$22,369,771$36,817,845
63$47,214,631$27,224,687$23,037,853$39,769,945
64$51,946,656$28,474,831$23,725,755$42,994,159
65$57,158,707$29,783,589$24,434,059$46,517,138
66$62,899,662$31,153,751$25,163,367$50,368,204
67$69,223,383$32,588,241$25,914,296$54,579,628
68$76,189,225$34,090,121$26,687,481$59,186,921
69$83,862,591$35,662,603$27,483,577$64,229,167
70$92,315,556$37,309,051$28,303,258$69,749,384
71$101,627,542$39,032,993$29,147,216$75,794,921
72$111,886,067$40,838,126$30,016,164$82,417,903
73$123,187,577$42,728,325$30,910,836$89,675,710
74$135,638,348$44,707,651$31,831,987$97,631,510
75$149,355,495$46,780,362$32,780,394$106,354,855
76$164,468,075$48,950,920$33,756,857$115,922,317
77$181,118,306$51,224,002$34,762,199$126,418,214
78$199,462,907$53,604,511$35,797,266$137,935,385
79$219,674,578$56,097,587$36,862,930$150,576,066
80$241,943,634$58,708,618$37,960,086$164,452,839
81$266,479,794$61,443,249$39,089,659$179,689,685
82$293,514,166$64,307,402$40,252,596$196,423,144
83$323,301,427$67,307,281$41,449,874$214,803,594
84$356,122,227$70,449,392$42,682,499$234,996,653
85$392,285,837$73,740,555$43,951,505$257,184,734
86$432,133,067$77,187,917$45,257,955$281,568,753
87$476,039,488$80,798,973$46,602,945$308,370,011
88$524,418,973$84,581,580$47,987,601$337,832,268
89$577,727,604$88,543,973$49,413,082$370,224,030
90$636,467,980$92,694,788$50,880,580$405,841,067
91$701,193,956$97,043,075$52,391,322$445,009,189
92$772,515,879$101,598,325$53,946,571$488,087,304
93$851,106,343$106,370,487$55,547,624$535,470,789
94$937,706,540$111,369,991$57,195,820$587,595,202
95$1,033,133,258$116,607,772$58,892,531$644,940,374
96$1,138,286,592$122,095,294$60,639,173$708,034,922
97$1,254,158,440$127,844,579$62,437,200$777,461,212
98$1,381,841,864$133,868,226$64,288,109$853,860,836
99$1,522,541,414$140,179,449$66,193,441$937,940,651
100$1,677,584,496$146,792,100$68,154,779$1,030,479,417