Can I retire at age 53 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,293,153
2 years$686,796$674,005$661,609$649,590$637,931$591,561
3 years$453,316$440,470$428,105$416,198$404,730$359,949
4 years$336,599$323,792$311,551$299,847$288,657$245,808
5 years$266,587$253,857$241,776$230,312$219,432$178,629
6 years$219,927$207,293$195,391$184,182$173,629$134,902
7 years$186,612$174,085$162,371$151,426$141,207$104,549
8 years$161,637$149,223$137,703$127,028$117,145$82,527
9 years$142,223$129,925$118,604$108,199$98,653$66,031
10 years$126,700$114,523$103,402$93,269$84,057$53,378
11 years$114,008$101,953$91,033$81,172$72,292$43,493
12 years$103,439$91,507$80,790$71,199$62,647$35,660
13 years$94,503$82,696$72,180$62,858$54,629$29,385
14 years$86,849$75,168$64,854$55,798$47,888$24,310
15 years$80,223$68,668$58,555$49,762$42,164$20,178
16 years$74,430$63,001$53,088$44,557$37,265$16,793
17 years$69,325$58,022$48,308$40,034$33,041$14,006
18 years$64,791$53,615$44,099$36,078$29,379$11,702
19 years$60,740$49,690$40,371$32,600$26,186$9,792
20 years$57,098$46,174$37,050$29,526$23,390$8,204
21 years$53,807$43,009$34,079$26,796$20,931$6,881
22 years$50,820$40,148$31,409$24,364$18,762$5,776
23 years$48,096$37,549$29,001$22,189$16,842$4,852
24 years$45,603$35,181$26,821$20,237$15,138$4,078
25 years$43,313$33,016$24,841$18,482$13,622$3,429
26 years$41,203$31,029$23,039$16,899$12,270$2,885
27 years$39,252$29,202$21,394$15,468$11,062$2,428
28 years$37,444$27,517$19,888$14,172$9,982$2,044
29 years$35,763$25,959$18,508$12,996$9,013$1,721
30 years$34,198$24,516$17,239$11,927$8,144$1,450
31 years$32,736$23,176$16,072$10,954$7,363$1,221
32 years$31,368$21,929$14,995$10,067$6,660$1,029
33 years$30,086$20,767$14,001$9,258$6,028$867
34 years$28,882$19,682$13,082$8,518$5,457$730
35 years$27,750$18,668$12,231$7,841$4,943$616
36 years$26,682$17,719$11,441$7,221$4,479$519
37 years$25,675$16,829$10,709$6,654$4,059$437
38 years$24,723$15,994$10,028$6,133$3,680$369
39 years$23,822$15,208$9,396$5,655$3,337$311
40 years$22,968$14,469$8,807$5,216$3,027$262
41 years$22,158$13,774$8,258$4,812$2,746$221
42 years$21,389$13,117$7,746$4,441$2,492$186
43 years$20,657$12,498$7,269$4,100$2,261$157
44 years$19,961$11,913$6,823$3,785$2,053$132
45 years$19,297$11,361$6,406$3,496$1,863$112
46 years$18,664$10,838$6,017$3,229$1,692$94
47 years$18,060$10,342$5,653$2,983$1,536$79
48 years$17,483$9,873$5,312$2,757$1,395$67
49 years$16,931$9,428$4,993$2,548$1,267$56
50 years$16,403$9,006$4,694$2,355$1,151$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,800,000, adding $6,917 every year, while hoping to spend $21,382 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: 56/31/13 Blend
52$16,800,000$16,800,000$16,800,000$16,800,000
53$18,520,735$17,630,335$17,369,935$19,495,915
54$20,387,100$18,471,471$17,929,077$20,998,630
55$22,443,117$19,353,106$18,506,235$22,631,737
56$24,708,109$20,277,202$19,101,987$24,410,115
57$27,203,367$21,245,817$19,716,935$26,347,652
58$29,952,355$22,261,106$20,351,697$28,459,614
59$32,980,929$23,325,334$21,006,913$30,762,777
60$36,317,581$24,440,872$21,683,241$33,275,585
61$39,993,707$25,610,209$22,381,363$36,018,316
62$44,043,909$26,835,952$23,101,982$39,013,262
63$48,506,312$28,120,838$23,845,823$42,284,942
64$53,422,933$29,467,737$24,613,636$45,860,317
65$58,840,073$30,879,656$25,406,193$49,769,043
66$64,808,752$32,359,751$26,224,292$54,043,740
67$71,385,197$33,911,331$27,068,758$58,720,292
68$78,631,367$35,537,867$27,940,442$63,838,179
69$86,615,540$37,242,996$28,840,220$69,440,837
70$95,412,958$39,030,535$29,769,000$75,576,063
71$105,106,535$40,904,486$30,727,717$82,296,452
72$115,787,643$42,869,048$31,717,337$89,659,887
73$127,556,971$44,928,620$32,738,856$97,730,069
74$140,525,479$47,087,819$33,793,305$106,577,114
75$154,815,443$49,351,487$34,881,745$116,278,198
76$170,561,608$51,724,699$36,005,273$126,918,274
77$187,912,464$54,212,782$37,165,022$138,590,860
78$207,031,645$56,821,318$38,362,160$151,398,912
79$228,099,474$59,556,163$39,597,893$165,455,778
80$251,314,665$62,423,460$40,873,468$180,886,252
81$276,896,201$65,429,650$42,190,169$197,827,741
82$305,085,397$68,581,487$43,549,324$216,431,540
83$336,148,184$71,886,056$44,952,303$236,864,248
84$370,377,614$75,350,788$46,400,520$259,309,320
85$408,096,628$78,983,474$47,895,435$283,968,780
86$449,661,108$82,792,288$49,438,555$311,065,110
87$495,463,231$86,785,800$51,031,437$340,843,326
88$545,935,177$90,973,000$52,675,686$373,573,274
89$601,553,203$95,363,316$54,372,960$409,552,153
90$662,842,147$99,966,635$56,124,971$449,107,293
91$730,380,374$104,793,329$57,933,486$492,599,227
92$804,805,243$109,854,272$59,800,328$540,425,063
93$886,819,119$115,160,873$61,727,381$593,022,208
94$977,196,009$120,725,096$63,716,588$650,872,468
95$1,076,788,864$126,559,487$65,769,956$714,506,566
96$1,186,537,634$132,677,208$67,889,555$784,509,124
97$1,307,478,142$139,092,061$70,077,525$861,524,143
98$1,440,751,863$145,818,522$72,336,072$946,261,055
99$1,587,616,698$152,871,775$74,667,476$1,039,501,380
100$1,749,458,853$160,267,743$77,074,088$1,142,106,068