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%11.8%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,313,714
2 years$678,620$665,981$653,733$641,856$630,337$620,262
3 years$447,919$435,226$423,008$411,244$399,912$390,066
4 years$332,592$319,937$307,842$296,278$285,220$275,681
5 years$263,413$250,835$238,898$227,570$216,820$207,615
6 years$217,309$204,825$193,065$181,989$171,562$162,703
7 years$184,391$172,012$160,438$149,624$139,526$131,017
8 years$159,713$147,446$136,064$125,515$115,750$107,591
9 years$140,529$128,378$117,192$106,911$97,479$89,667
10 years$125,192$113,159$102,171$92,159$83,057$75,588
11 years$112,651$100,739$89,949$80,206$71,431$64,301
12 years$102,207$90,418$79,828$70,351$61,901$55,102
13 years$93,377$81,711$71,321$62,109$53,979$47,504
14 years$85,816$74,273$64,082$55,134$47,318$41,159
15 years$79,268$67,850$57,857$49,170$41,662$35,811
16 years$73,544$62,251$52,456$44,026$36,821$31,269
17 years$68,499$57,331$47,733$39,557$32,648$27,386
18 years$64,020$52,976$43,574$35,649$29,029$24,047
19 years$60,017$49,098$39,890$32,212$25,874$21,162
20 years$56,418$45,624$36,609$29,174$23,111$18,660
21 years$53,167$42,497$33,673$26,477$20,682$16,481
22 years$50,215$39,670$31,035$24,074$18,539$14,578
23 years$47,523$37,102$28,656$21,925$16,641$12,911
24 years$45,060$34,762$26,501$19,996$14,958$11,448
25 years$42,797$32,623$24,546$18,262$13,460$10,160
26 years$40,712$30,660$22,765$16,698$12,124$9,026
27 years$38,785$28,855$21,139$15,284$10,931$8,024
28 years$36,998$27,190$19,652$14,003$9,863$7,138
29 years$35,337$25,650$18,288$12,841$8,906$6,354
30 years$33,790$24,224$17,034$11,785$8,047$5,658
31 years$32,346$22,900$15,880$10,824$7,275$5,042
32 years$30,995$21,668$14,817$9,947$6,581$4,494
33 years$29,728$20,520$13,834$9,147$5,956$4,008
34 years$28,538$19,448$12,926$8,416$5,392$3,575
35 years$27,419$18,446$12,085$7,748$4,884$3,190
36 years$26,365$17,508$11,305$7,135$4,425$2,847
37 years$25,369$16,629$10,582$6,574$4,011$2,542
38 years$24,429$15,803$9,909$6,060$3,636$2,269
39 years$23,538$15,027$9,284$5,587$3,297$2,027
40 years$22,695$14,297$8,702$5,154$2,991$1,810
41 years$21,894$13,610$8,159$4,755$2,713$1,617
42 years$21,134$12,961$7,654$4,388$2,462$1,445
43 years$20,411$12,350$7,182$4,051$2,234$1,291
44 years$19,723$11,772$6,742$3,740$2,028$1,154
45 years$19,067$11,225$6,330$3,454$1,841$1,031
46 years$18,442$10,709$5,945$3,191$1,672$922
47 years$17,845$10,219$5,586$2,948$1,518$824
48 years$17,275$9,756$5,249$2,724$1,379$737
49 years$16,729$9,316$4,934$2,517$1,252$659
50 years$16,207$8,899$4,638$2,327$1,137$589

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 $3,437 every year, while hoping to spend $55,853 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: 66/12/22 Blend
52$16,600,000$16,600,000$16,600,000$16,600,000
53$18,296,745$17,416,945$17,159,645$19,401,337
54$20,103,586$18,210,948$17,675,066$20,937,702
55$22,092,853$19,041,986$18,205,882$22,609,989
56$24,283,094$19,911,813$18,752,549$24,436,940
57$26,694,748$20,822,270$19,315,537$26,433,760
58$29,350,335$21,775,285$19,895,332$28,617,181
59$32,274,674$22,772,879$20,492,430$31,005,621
60$35,495,110$23,817,168$21,107,345$33,619,353
61$39,041,775$24,910,373$21,740,605$36,480,691
62$42,947,873$26,054,819$22,392,753$39,614,205
63$47,249,995$27,252,944$23,064,349$43,046,938
64$51,988,459$28,507,303$23,755,969$46,808,669
65$57,207,693$29,820,572$24,468,205$50,932,184
66$62,956,656$31,195,559$25,201,668$55,453,583
67$69,289,298$32,635,203$25,956,987$60,412,617
68$76,265,067$34,142,589$26,734,807$65,853,062
69$83,949,475$35,720,947$27,535,794$71,823,123
70$92,414,712$37,373,664$28,360,633$78,375,887
71$101,740,328$39,104,289$29,210,030$85,569,820
72$112,013,986$40,916,544$30,084,710$93,469,315
73$123,332,285$42,814,327$30,985,421$102,145,292
74$135,801,677$44,801,727$31,912,931$111,675,863
75$149,539,465$46,883,029$32,868,031$122,147,067
76$164,674,917$49,062,724$33,851,537$133,653,673
77$181,350,482$51,345,521$34,864,287$146,300,071
78$199,723,134$53,736,355$35,907,144$160,201,249
79$219,965,857$56,240,399$36,980,995$175,483,874
80$242,269,272$58,863,076$38,086,757$192,287,481
81$266,843,443$61,610,072$39,225,368$210,765,782
82$293,919,854$64,487,346$40,397,798$231,088,113
83$323,753,599$67,501,145$41,605,044$253,441,020
84$356,625,784$70,658,019$42,848,131$278,030,016
85$392,846,185$73,964,833$44,128,114$305,081,513
86$432,756,171$77,428,786$45,446,081$334,844,947
87$476,731,925$81,057,421$46,803,150$367,595,129
88$525,187,998$84,858,651$48,200,472$403,634,827
89$578,581,216$88,840,767$49,639,230$443,297,614
90$637,414,999$93,012,464$51,120,644$486,951,011
91$702,244,112$97,382,857$52,645,968$534,999,939
92$773,679,896$101,961,502$54,216,493$587,890,539
93$852,396,048$106,758,418$55,833,547$646,114,366
94$939,134,972$111,784,108$57,498,498$710,213,020
95$1,034,714,794$117,049,584$59,212,753$780,783,245
96$1,140,037,081$122,566,392$60,977,759$858,482,555
97$1,256,095,356$128,346,637$62,795,005$944,035,418
98$1,383,984,470$134,403,011$64,666,027$1,038,240,092
99$1,524,910,948$140,748,820$66,592,400$1,141,976,138
100$1,680,204,367$147,398,015$68,575,748$1,256,212,711