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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.1%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,319,342
2 years$690,884$678,017$665,547$653,456$641,728$613,362
3 years$456,014$443,092$430,653$418,676$407,139$379,579
4 years$338,602$325,719$313,405$301,632$290,375$263,834
5 years$268,174$255,368$243,215$231,683$220,738$195,292
6 years$221,236$208,527$196,554$185,278$174,663$150,338
7 years$187,723$175,121$163,337$152,328$142,048$118,849
8 years$162,599$150,111$138,523$127,784$117,842$95,762
9 years$143,069$130,698$119,310$108,843$99,240$78,264
10 years$127,454$115,204$104,017$93,824$84,558$64,664
11 years$114,686$102,560$91,575$81,655$72,722$53,886
12 years$104,054$92,052$81,270$71,622$63,020$45,212
13 years$95,065$83,188$72,610$63,232$54,954$38,145
14 years$87,366$75,616$65,240$56,130$48,173$32,329
15 years$80,700$69,076$58,903$50,058$42,415$27,502
16 years$74,873$63,376$53,404$44,822$37,487$23,469
17 years$69,737$58,367$48,596$40,272$33,238$20,080
18 years$65,177$53,934$44,362$36,293$29,554$17,218
19 years$61,101$49,985$40,611$32,794$26,342$14,791
20 years$57,438$46,449$37,271$29,701$23,529$12,727
21 years$54,127$43,265$34,282$26,956$21,056$10,965
22 years$51,122$40,386$31,596$24,509$18,874$9,458
23 years$48,382$37,773$29,173$22,321$16,942$8,167
24 years$45,874$35,391$26,980$20,358$15,228$7,057
25 years$43,571$33,212$24,989$18,592$13,703$6,103
26 years$41,448$31,214$23,176$17,000$12,343$5,281
27 years$39,485$29,376$21,521$15,560$11,128$4,573
28 years$37,666$27,681$20,007$14,256$10,041$3,961
29 years$35,976$26,114$18,618$13,073$9,067$3,432
30 years$34,401$24,662$17,342$11,998$8,193$2,975
31 years$32,931$23,314$16,167$11,019$7,407$2,580
32 years$31,555$22,059$15,084$10,127$6,700$2,238
33 years$30,265$20,891$14,084$9,313$6,064$1,941
34 years$29,054$19,800$13,160$8,568$5,490$1,684
35 years$27,915$18,780$12,303$7,888$4,972$1,462
36 years$26,841$17,825$11,510$7,264$4,505$1,269
37 years$25,828$16,929$10,773$6,693$4,083$1,101
38 years$24,870$16,089$10,088$6,169$3,702$956
39 years$23,964$15,299$9,452$5,688$3,357$830
40 years$23,105$14,556$8,859$5,247$3,045$721
41 years$22,290$13,856$8,307$4,841$2,762$626
42 years$21,516$13,196$7,792$4,467$2,507$544
43 years$20,780$12,573$7,312$4,124$2,275$472
44 years$20,080$11,984$6,863$3,808$2,065$410
45 years$19,412$11,428$6,445$3,517$1,875$356
46 years$18,775$10,902$6,053$3,248$1,702$309
47 years$18,168$10,404$5,687$3,001$1,545$269
48 years$17,587$9,932$5,344$2,773$1,404$233
49 years$17,032$9,484$5,023$2,563$1,275$203
50 years$16,500$9,060$4,722$2,369$1,158$176

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 $5,146 every year, while hoping to spend $26,022 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: 46/31/23 Blend
52$16,900,000$16,900,000$16,900,000$16,900,000
53$18,629,108$17,733,408$17,471,458$19,362,877
54$20,501,590$18,574,658$18,029,065$20,720,491
55$22,564,193$19,456,257$18,604,479$22,189,592
56$24,836,281$20,380,154$19,198,270$23,783,012
57$27,339,195$21,348,395$19,811,025$25,512,371
58$30,096,449$22,363,122$20,443,350$27,390,431
59$33,133,955$23,426,584$21,095,871$29,431,207
60$36,480,269$24,541,136$21,769,233$31,650,094
61$40,166,856$25,709,252$22,464,102$34,064,005
62$44,228,391$26,933,521$23,181,165$36,691,524
63$48,703,085$28,216,662$23,921,133$39,553,072
64$53,633,045$29,561,523$24,684,736$42,671,096
65$59,064,672$30,971,094$25,472,730$46,070,268
66$65,049,098$32,448,507$26,285,896$49,777,712
67$71,642,669$33,997,048$27,125,038$53,823,252
68$78,907,480$35,620,162$27,990,985$58,239,681
69$86,911,956$37,321,462$28,884,595$63,063,065
70$95,731,499$39,104,737$29,806,753$68,333,070
71$105,449,202$40,973,960$30,758,370$74,093,325
72$116,156,634$42,933,298$31,740,389$80,391,827
73$127,954,700$44,987,118$32,753,781$87,281,380
74$140,954,597$47,140,004$33,799,550$94,820,078
75$155,278,861$49,396,760$34,878,730$103,071,848
76$171,062,527$51,762,423$35,992,390$112,107,034
77$188,454,402$54,242,279$37,141,632$122,003,049
78$207,618,468$56,841,868$38,327,594$132,845,091
79$228,735,433$59,567,001$39,551,449$144,726,933
80$252,004,435$62,423,771$40,814,410$157,751,793
81$277,644,922$65,418,570$42,117,727$172,033,289
82$305,898,723$68,558,099$43,462,690$187,696,494
83$337,032,333$71,849,387$44,850,631$204,879,103
84$371,339,428$75,299,804$46,282,924$223,732,710
85$409,143,635$78,917,080$47,760,988$244,424,218
86$450,801,591$82,709,321$49,286,285$267,137,398
87$496,706,304$86,685,030$50,860,327$292,074,598
88$547,290,872$90,853,121$52,484,673$319,458,633
89$603,032,562$95,222,945$54,160,930$349,534,863
90$664,457,322$99,804,308$55,890,760$382,573,485
91$732,144,744$104,607,494$57,675,876$418,872,058
92$806,733,535$109,643,288$59,518,045$458,758,283
93$888,927,549$114,923,003$61,419,093$502,593,069
94$979,502,429$120,458,500$63,380,902$550,773,912
95$1,079,312,931$126,262,221$65,405,417$603,738,611
96$1,189,300,994$132,347,213$67,494,643$661,969,376
97$1,310,504,631$138,727,162$69,650,649$725,997,336
98$1,444,067,730$145,416,419$71,875,571$796,407,528
99$1,591,250,850$152,430,036$74,171,615$873,844,373
100$1,753,443,128$159,783,799$76,541,055$959,017,726