Can I retire at age 53 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,295,287
2 years$682,708$669,993$657,671$645,723$634,134$597,733
3 years$450,618$437,848$425,556$413,721$402,321$367,052
4 years$334,595$321,865$309,696$298,063$286,938$253,074
5 years$265,000$252,346$240,337$228,941$218,126$185,759
6 years$218,618$206,059$194,228$183,086$172,596$141,756
7 years$185,501$173,048$161,404$150,525$140,367$111,056
8 years$160,675$148,334$136,884$126,272$116,448$88,650
9 years$141,376$129,152$117,898$107,555$98,066$71,756
10 years$125,946$113,841$102,786$92,714$83,557$58,701
11 years$113,329$101,346$90,491$80,689$71,862$48,421
12 years$102,823$90,963$80,309$70,775$62,274$40,204
13 years$93,940$82,204$71,750$62,484$54,304$33,558
14 years$86,333$74,721$64,468$55,466$47,603$28,131
15 years$79,745$68,259$58,206$49,466$41,913$23,665
16 years$73,987$62,626$52,772$44,291$37,043$19,966
17 years$68,912$57,676$48,021$39,795$32,845$16,886
18 years$64,405$53,296$43,837$35,864$29,204$14,310
19 years$60,378$49,394$40,130$32,406$26,030$12,147
20 years$56,758$45,899$36,830$29,350$23,251$10,326
21 years$53,487$42,753$33,876$26,637$20,807$8,788
22 years$50,517$39,909$31,222$24,219$18,650$7,487
23 years$47,810$37,326$28,828$22,057$16,742$6,384
24 years$45,332$34,972$26,661$20,117$15,048$5,447
25 years$43,055$32,819$24,694$18,372$13,541$4,651
26 years$40,957$30,845$22,902$16,798$12,197$3,973
27 years$39,018$29,029$21,267$15,376$10,997$3,396
28 years$37,221$27,353$19,770$14,088$9,922$2,903
29 years$35,550$25,805$18,398$12,919$8,960$2,483
30 years$33,994$24,370$17,137$11,856$8,096$2,124
31 years$32,541$23,038$15,976$10,889$7,319$1,818
32 years$31,182$21,798$14,906$10,007$6,621$1,556
33 years$29,907$20,643$13,918$9,202$5,992$1,332
34 years$28,710$19,565$13,004$8,467$5,425$1,140
35 years$27,584$18,557$12,158$7,794$4,914$976
36 years$26,523$17,614$11,373$7,178$4,452$836
37 years$25,522$16,729$10,645$6,614$4,035$716
38 years$24,576$15,898$9,969$6,096$3,658$613
39 years$23,680$15,118$9,340$5,621$3,317$525
40 years$22,832$14,383$8,754$5,185$3,009$450
41 years$22,026$13,692$8,209$4,783$2,730$385
42 years$21,262$13,039$7,700$4,415$2,477$330
43 years$20,534$12,424$7,225$4,075$2,248$283
44 years$19,842$11,843$6,782$3,763$2,040$242
45 years$19,182$11,293$6,368$3,475$1,852$208
46 years$18,553$10,773$5,981$3,210$1,682$178
47 years$17,953$10,281$5,619$2,966$1,527$152
48 years$17,379$9,814$5,281$2,740$1,387$131
49 years$16,830$9,372$4,963$2,533$1,260$112
50 years$16,305$8,953$4,666$2,341$1,144$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,700,000, adding $5,997 every year, while hoping to spend $42,448 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: 66/17/17 Blend
52$16,700,000$16,700,000$16,700,000$16,700,000
53$18,409,586$17,524,486$17,265,636$19,547,784
54$20,242,199$18,338,021$17,798,870$21,123,622
55$22,260,317$19,189,997$18,348,546$22,840,063
56$24,482,814$20,082,253$18,915,167$24,715,318
57$26,930,493$21,016,715$19,499,257$26,764,951
58$29,626,274$21,995,404$20,101,353$29,006,088
59$32,595,414$23,020,439$20,722,008$31,457,574
60$35,865,744$24,094,039$21,361,793$34,140,149
61$39,467,935$25,218,532$22,021,298$37,076,636
62$43,435,782$26,396,357$22,701,129$40,292,158
63$47,806,525$27,630,072$23,401,911$43,814,368
64$52,621,204$28,922,359$24,124,288$47,673,705
65$57,925,040$30,276,028$24,868,925$51,903,677
66$63,767,866$31,694,025$25,636,506$56,541,176
67$70,204,596$33,179,440$26,427,737$61,626,816
68$77,295,744$34,735,512$27,243,345$67,205,315
69$85,107,992$36,365,634$28,084,079$73,325,911
70$93,714,825$38,073,368$28,950,713$80,042,820
71$103,197,217$39,862,443$29,844,042$87,415,743
72$113,644,404$41,736,773$30,764,888$95,510,424
73$125,154,717$43,700,458$31,714,095$104,399,262
74$137,836,517$45,757,800$32,692,537$114,161,991
75$151,809,215$47,913,306$33,701,110$124,886,421
76$167,204,400$50,171,703$34,740,743$136,669,267
77$184,167,079$52,537,947$35,812,388$149,617,047
78$202,857,048$55,017,233$36,917,030$163,847,083
79$223,450,400$57,615,010$38,055,682$179,488,600
80$246,141,183$60,336,988$39,229,391$196,683,937
81$271,143,241$63,189,157$40,439,232$215,589,883
82$298,692,221$66,177,796$41,686,316$236,379,145
83$329,047,807$69,309,487$42,971,787$259,241,971
84$362,496,166$72,591,134$44,296,824$284,387,934
85$399,352,650$76,029,975$45,662,643$312,047,901
86$439,964,774$79,633,597$47,070,495$342,476,201
87$484,715,497$83,409,960$48,521,673$375,953,012
88$534,026,834$87,367,405$50,017,506$412,786,998
89$588,363,844$91,514,680$51,559,365$453,318,205
90$648,239,017$95,860,960$53,148,665$497,921,262
91$714,217,112$100,415,863$54,786,861$547,008,903
92$786,920,492$105,189,474$56,475,454$601,035,844
93$867,034,992$110,192,369$58,215,992$660,503,069
94$955,316,403$115,435,637$60,010,070$725,962,535
95$1,052,597,599$120,930,905$61,859,330$798,022,372
96$1,159,796,403$126,690,369$63,765,466$877,352,602
97$1,277,924,251$132,726,812$65,730,224$964,691,452
98$1,408,095,741$139,053,642$67,755,403$1,060,852,296
99$1,551,539,154$145,684,918$69,842,857$1,166,731,323
100$1,709,608,052$152,635,383$71,994,496$1,283,315,970