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%16.4%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,304,624
2 years$686,796$674,005$661,609$649,590$637,931$602,876
3 years$453,316$440,470$428,105$416,198$404,730$370,748
4 years$336,599$323,792$311,551$299,847$288,657$256,010
5 years$266,587$253,857$241,776$230,312$219,432$188,210
6 years$219,927$207,293$195,391$184,182$173,629$143,863
7 years$186,612$174,085$162,371$151,426$141,207$112,898
8 years$161,637$149,223$137,703$127,028$117,145$90,280
9 years$142,223$129,925$118,604$108,199$98,653$73,208
10 years$126,700$114,523$103,402$93,269$84,057$60,001
11 years$114,008$101,953$91,033$81,172$72,292$49,588
12 years$103,439$91,507$80,790$71,199$62,647$41,254
13 years$94,503$82,696$72,180$62,858$54,629$34,504
14 years$86,849$75,168$64,854$55,798$47,888$28,984
15 years$80,223$68,668$58,555$49,762$42,164$24,434
16 years$74,430$63,001$53,088$44,557$37,265$20,659
17 years$69,325$58,022$48,308$40,034$33,041$17,510
18 years$64,791$53,615$44,099$36,078$29,379$14,872
19 years$60,740$49,690$40,371$32,600$26,186$12,652
20 years$57,098$46,174$37,050$29,526$23,390$10,780
21 years$53,807$43,009$34,079$26,796$20,931$9,196
22 years$50,820$40,148$31,409$24,364$18,762$7,853
23 years$48,096$37,549$29,001$22,189$16,842$6,712
24 years$45,603$35,181$26,821$20,237$15,138$5,741
25 years$43,313$33,016$24,841$18,482$13,622$4,913
26 years$41,203$31,029$23,039$16,899$12,270$4,207
27 years$39,252$29,202$21,394$15,468$11,062$3,605
28 years$37,444$27,517$19,888$14,172$9,982$3,089
29 years$35,763$25,959$18,508$12,996$9,013$2,649
30 years$34,198$24,516$17,239$11,927$8,144$2,272
31 years$32,736$23,176$16,072$10,954$7,363$1,949
32 years$31,368$21,929$14,995$10,067$6,660$1,672
33 years$30,086$20,767$14,001$9,258$6,028$1,435
34 years$28,882$19,682$13,082$8,518$5,457$1,231
35 years$27,750$18,668$12,231$7,841$4,943$1,057
36 years$26,682$17,719$11,441$7,221$4,479$908
37 years$25,675$16,829$10,709$6,654$4,059$779
38 years$24,723$15,994$10,028$6,133$3,680$669
39 years$23,822$15,208$9,396$5,655$3,337$575
40 years$22,968$14,469$8,807$5,216$3,027$493
41 years$22,158$13,774$8,258$4,812$2,746$424
42 years$21,389$13,117$7,746$4,441$2,492$364
43 years$20,657$12,498$7,269$4,100$2,261$313
44 years$19,961$11,913$6,823$3,785$2,053$268
45 years$19,297$11,361$6,406$3,496$1,863$231
46 years$18,664$10,838$6,017$3,229$1,692$198
47 years$18,060$10,342$5,653$2,983$1,536$170
48 years$17,483$9,873$5,312$2,757$1,395$146
49 years$16,931$9,428$4,993$2,548$1,267$126
50 years$16,403$9,006$4,694$2,355$1,151$108

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 $3,358 every year, while hoping to spend $36,546 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: 68/23/9 Blend
52$16,800,000$16,800,000$16,800,000$16,800,000
53$18,517,064$17,626,664$17,366,264$19,743,765
54$20,366,920$18,451,486$17,909,149$21,383,017
55$22,404,236$19,315,499$18,468,996$23,170,337
56$24,648,095$20,220,585$19,046,334$25,123,973
57$27,119,524$21,168,718$19,641,710$27,260,207
58$29,841,695$22,161,964$20,255,687$29,596,955
59$32,840,141$23,202,494$20,888,845$32,153,928
60$36,142,998$24,292,578$21,541,784$34,952,814
61$39,781,271$25,434,602$22,215,121$38,017,480
62$43,789,126$26,631,062$22,909,493$41,374,191
63$48,204,212$27,884,580$23,625,556$45,051,852
64$53,068,018$29,197,901$24,363,989$49,082,279
65$58,426,262$30,573,904$25,125,488$53,500,492
66$64,329,324$32,015,608$25,910,775$58,345,038
67$70,832,721$33,526,179$26,720,592$63,658,352
68$77,997,631$35,108,935$27,555,705$69,487,152
69$85,891,471$36,767,354$28,416,903$75,882,870
70$94,588,533$38,505,086$29,305,001$82,902,132
71$104,170,683$40,325,955$30,220,838$90,607,288
72$114,728,138$42,233,972$31,165,281$99,066,990
73$126,360,311$44,233,340$32,139,222$108,356,834
74$139,176,759$46,328,470$33,143,582$118,560,064
75$153,298,207$48,523,983$34,179,310$129,768,353
76$168,857,693$50,824,727$35,247,386$142,082,653
77$186,001,823$53,235,785$36,348,819$155,614,147
78$204,892,155$55,762,484$37,484,650$170,485,281
79$225,706,723$58,410,413$38,655,954$186,830,916
80$248,641,716$61,185,432$39,863,836$204,799,585
81$273,913,336$64,093,682$41,109,439$224,554,889
82$301,759,831$67,141,607$42,393,940$246,277,026
83$332,443,750$70,335,962$43,718,553$270,164,482
84$366,254,417$73,683,829$45,084,529$296,435,892
85$403,510,667$77,192,636$46,493,160$325,332,089
86$444,563,850$80,870,171$47,945,777$357,118,364
87$489,801,154$84,724,600$49,443,751$392,086,959
88$539,649,255$88,764,488$50,988,499$430,559,805
89$594,578,345$92,998,814$52,581,481$472,891,549
90$655,106,576$97,436,996$54,224,200$519,472,886
91$721,804,946$102,088,908$55,918,210$570,734,224
92$795,302,690$106,964,905$57,665,110$627,149,736
93$876,293,225$112,075,845$59,466,551$689,241,813
94$965,540,688$117,433,115$61,324,235$757,585,977
95$1,063,887,157$123,048,657$63,239,915$832,816,290
96$1,172,260,597$128,934,992$65,215,403$915,631,323
97$1,291,683,623$135,105,251$67,252,564$1,006,800,723
98$1,423,283,149$141,573,205$69,353,321$1,107,172,458
99$1,568,301,032$148,353,294$71,519,660$1,217,680,794
100$1,728,105,794$155,460,662$73,753,625$1,339,355,091