Can I retire at age 53 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,295,696
2 years$690,884$678,017$665,547$653,456$641,728$590,026
3 years$456,014$443,092$430,653$418,676$407,139$357,294
4 years$338,602$325,719$313,405$301,632$290,375$242,767
5 years$268,174$255,368$243,215$231,683$220,738$175,491
6 years$221,236$208,527$196,554$185,278$174,663$131,805
7 years$187,723$175,121$163,337$152,328$142,048$101,566
8 years$162,599$150,111$138,523$127,784$117,842$79,698
9 years$143,069$130,698$119,310$108,843$99,240$63,378
10 years$127,454$115,204$104,017$93,824$84,558$50,909
11 years$114,686$102,560$91,575$81,655$72,722$41,212
12 years$104,054$92,052$81,270$71,622$63,020$33,566
13 years$95,065$83,188$72,610$63,232$54,954$27,470
14 years$87,366$75,616$65,240$56,130$48,173$22,568
15 years$80,700$69,076$58,903$50,058$42,415$18,599
16 years$74,873$63,376$53,404$44,822$37,487$15,366
17 years$69,737$58,367$48,596$40,272$33,238$12,722
18 years$65,177$53,934$44,362$36,293$29,554$10,551
19 years$61,101$49,985$40,611$32,794$26,342$8,762
20 years$57,438$46,449$37,271$29,701$23,529$7,285
21 years$54,127$43,265$34,282$26,956$21,056$6,062
22 years$51,122$40,386$31,596$24,509$18,874$5,049
23 years$48,382$37,773$29,173$22,321$16,942$4,208
24 years$45,874$35,391$26,980$20,358$15,228$3,509
25 years$43,571$33,212$24,989$18,592$13,703$2,927
26 years$41,448$31,214$23,176$17,000$12,343$2,443
27 years$39,485$29,376$21,521$15,560$11,128$2,039
28 years$37,666$27,681$20,007$14,256$10,041$1,703
29 years$35,976$26,114$18,618$13,073$9,067$1,422
30 years$34,401$24,662$17,342$11,998$8,193$1,188
31 years$32,931$23,314$16,167$11,019$7,407$993
32 years$31,555$22,059$15,084$10,127$6,700$829
33 years$30,265$20,891$14,084$9,313$6,064$693
34 years$29,054$19,800$13,160$8,568$5,490$579
35 years$27,915$18,780$12,303$7,888$4,972$484
36 years$26,841$17,825$11,510$7,264$4,505$405
37 years$25,828$16,929$10,773$6,693$4,083$338
38 years$24,870$16,089$10,088$6,169$3,702$283
39 years$23,964$15,299$9,452$5,688$3,357$236
40 years$23,105$14,556$8,859$5,247$3,045$198
41 years$22,290$13,856$8,307$4,841$2,762$165
42 years$21,516$13,196$7,792$4,467$2,507$138
43 years$20,780$12,573$7,312$4,124$2,275$115
44 years$20,080$11,984$6,863$3,808$2,065$97
45 years$19,412$11,428$6,445$3,517$1,875$81
46 years$18,775$10,902$6,053$3,248$1,702$67
47 years$18,168$10,404$5,687$3,001$1,545$56
48 years$17,587$9,932$5,344$2,773$1,404$47
49 years$17,032$9,484$5,023$2,563$1,275$39
50 years$16,500$9,060$4,722$2,369$1,158$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,900,000, adding $2,249 every year, while hoping to spend $42,845 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: 55/20/25 Blend
52$16,900,000$16,900,000$16,900,000$16,900,000
53$18,626,120$17,730,420$17,468,470$19,522,377
54$20,480,397$18,553,624$18,008,077$20,961,942
55$22,522,375$19,415,728$18,564,325$22,524,281
56$24,771,153$20,318,595$19,137,726$24,224,950
57$27,247,779$21,264,175$19,728,808$26,077,250
58$29,975,445$22,254,511$20,338,115$28,095,807
59$32,979,707$23,291,749$20,966,208$30,296,707
60$36,288,727$24,378,134$21,613,666$32,697,639
61$39,933,537$25,516,023$22,281,084$35,318,060
62$43,948,333$26,707,884$22,969,076$38,179,373
63$48,370,799$27,956,306$23,678,275$41,305,125
64$53,242,457$29,264,002$24,409,335$44,721,220
65$58,609,067$30,633,817$25,162,926$48,456,164
66$64,521,051$32,068,733$25,939,744$52,541,323
67$71,033,974$33,571,877$26,740,501$57,011,216
68$78,209,066$35,146,525$27,565,934$61,903,831
69$86,113,801$36,796,115$28,416,803$67,260,983
70$94,822,532$38,524,248$29,293,889$73,128,694
71$104,417,195$40,334,701$30,197,999$79,557,627
72$114,988,081$42,231,433$31,129,964$86,603,552
73$126,634,687$44,218,596$32,090,640$94,327,868
74$139,466,659$46,300,541$33,080,910$102,798,172
75$153,604,822$48,481,831$34,101,685$112,088,888
76$169,182,323$50,767,250$35,153,900$122,281,963
77$186,345,888$53,161,813$36,238,524$133,467,630
78$205,257,207$55,670,780$37,356,553$145,745,249
79$226,094,457$58,299,663$38,509,012$159,224,238
80$249,053,988$61,054,244$39,696,961$174,025,088
81$274,352,176$63,940,582$40,921,490$190,280,500
82$302,227,461$66,965,034$42,183,723$208,136,616
83$332,942,603$70,134,262$43,484,819$227,754,393
84$366,787,159$73,455,252$44,825,971$249,311,105
85$404,080,220$76,935,329$46,208,412$273,002,008
86$445,173,417$80,582,175$47,633,408$299,042,165
87$490,454,246$84,403,842$49,102,268$327,668,465
88$540,349,723$88,408,774$50,616,338$359,141,844
89$595,330,417$92,605,827$52,177,008$393,749,728
90$655,914,891$97,004,283$53,785,708$431,808,737
91$722,674,594$101,613,878$55,443,914$473,667,651
92$796,239,264$106,444,819$57,153,146$519,710,688
93$877,302,863$111,507,809$58,914,971$570,361,109
94$966,630,137$116,814,073$60,731,004$626,085,199
95$1,065,063,827$122,375,379$62,602,909$687,396,642
96$1,173,532,632$128,204,067$64,532,401$754,861,357
97$1,293,059,973$134,313,079$66,521,249$829,102,810
98$1,424,773,653$140,715,983$68,571,273$910,807,880
99$1,569,916,508$147,427,008$70,684,353$1,000,733,322
100$1,729,858,136$154,461,076$72,862,424$1,099,712,880