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%14.1%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,324,759
2 years$690,884$678,017$665,547$653,456$641,728$618,757
3 years$456,014$443,092$430,653$418,676$407,139$384,782
4 years$338,602$325,719$313,405$301,632$290,375$268,805
5 years$268,174$255,368$243,215$231,683$220,738$200,017
6 years$221,236$208,527$196,554$185,278$174,663$154,814
7 years$187,723$175,121$163,337$152,328$142,048$123,077
8 years$162,599$150,111$138,523$127,784$117,842$99,746
9 years$143,069$130,698$119,310$108,843$99,240$82,008
10 years$127,454$115,204$104,017$93,824$84,558$68,175
11 years$114,686$102,560$91,575$81,655$72,722$57,172
12 years$104,054$92,052$81,270$71,622$63,020$48,281
13 years$95,065$83,188$72,610$63,232$54,954$41,005
14 years$87,366$75,616$65,240$56,130$48,173$34,988
15 years$80,700$69,076$58,903$50,058$42,415$29,971
16 years$74,873$63,376$53,404$44,822$37,487$25,756
17 years$69,737$58,367$48,596$40,272$33,238$22,195
18 years$65,177$53,934$44,362$36,293$29,554$19,171
19 years$61,101$49,985$40,611$32,794$26,342$16,592
20 years$57,438$46,449$37,271$29,701$23,529$14,383
21 years$54,127$43,265$34,282$26,956$21,056$12,487
22 years$51,122$40,386$31,596$24,509$18,874$10,854
23 years$48,382$37,773$29,173$22,321$16,942$9,445
24 years$45,874$35,391$26,980$20,358$15,228$8,227
25 years$43,571$33,212$24,989$18,592$13,703$7,171
26 years$41,448$31,214$23,176$17,000$12,343$6,255
27 years$39,485$29,376$21,521$15,560$11,128$5,460
28 years$37,666$27,681$20,007$14,256$10,041$4,768
29 years$35,976$26,114$18,618$13,073$9,067$4,165
30 years$34,401$24,662$17,342$11,998$8,193$3,641
31 years$32,931$23,314$16,167$11,019$7,407$3,183
32 years$31,555$22,059$15,084$10,127$6,700$2,784
33 years$30,265$20,891$14,084$9,313$6,064$2,435
34 years$29,054$19,800$13,160$8,568$5,490$2,131
35 years$27,915$18,780$12,303$7,888$4,972$1,865
36 years$26,841$17,825$11,510$7,264$4,505$1,632
37 years$25,828$16,929$10,773$6,693$4,083$1,429
38 years$24,870$16,089$10,088$6,169$3,702$1,251
39 years$23,964$15,299$9,452$5,688$3,357$1,096
40 years$23,105$14,556$8,859$5,247$3,045$960
41 years$22,290$13,856$8,307$4,841$2,762$841
42 years$21,516$13,196$7,792$4,467$2,507$736
43 years$20,780$12,573$7,312$4,124$2,275$645
44 years$20,080$11,984$6,863$3,808$2,065$565
45 years$19,412$11,428$6,445$3,517$1,875$495
46 years$18,775$10,902$6,053$3,248$1,702$434
47 years$18,168$10,404$5,687$3,001$1,545$380
48 years$17,587$9,932$5,344$2,773$1,404$333
49 years$17,032$9,484$5,023$2,563$1,275$292
50 years$16,500$9,060$4,722$2,369$1,158$256

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 $6,362 every year, while hoping to spend $57,276 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: 31/44/25 Blend
52$16,900,000$16,900,000$16,900,000$16,900,000
53$18,630,362$17,734,662$17,472,712$19,064,223
54$20,469,718$18,542,720$17,997,107$20,205,197
55$22,494,769$19,388,452$18,537,149$21,427,002
56$24,724,394$20,273,645$19,093,303$22,741,075
57$27,179,399$21,200,170$19,666,045$24,155,508
58$29,882,707$22,169,988$20,255,867$25,679,167
59$32,859,580$23,185,154$20,863,275$27,321,759
60$36,137,852$24,247,822$21,488,790$29,093,922
61$39,748,195$25,360,248$22,132,947$31,007,315
62$43,724,408$26,524,797$22,796,298$33,074,719
63$48,103,735$27,743,950$23,479,411$35,310,147
64$52,927,216$29,020,303$24,182,871$37,728,971
65$58,240,074$30,356,579$24,907,279$40,348,051
66$64,092,143$31,755,633$25,653,255$43,185,890
67$70,538,338$33,220,456$26,421,435$46,262,793
68$77,639,172$34,754,182$27,212,477$49,601,049
69$85,461,328$36,360,097$28,027,055$53,225,129
70$94,078,287$38,041,645$28,865,865$57,161,906
71$103,571,023$39,802,437$29,729,622$61,440,892
72$114,028,765$41,646,254$30,619,063$66,094,508
73$125,549,843$43,577,064$31,534,944$71,158,370
74$138,242,609$45,599,023$32,478,048$76,671,616
75$152,226,469$47,716,488$33,449,176$82,677,254
76$167,633,000$49,934,027$34,449,155$89,222,557
77$184,607,200$52,256,428$35,478,835$96,359,488
78$203,308,850$54,688,709$36,539,092$104,145,174
79$223,914,028$57,236,131$37,630,826$112,642,429
80$246,616,765$59,904,208$38,754,966$121,920,322
81$271,630,882$62,698,722$39,912,464$132,054,813
82$299,192,005$65,625,731$41,104,304$143,129,449
83$329,559,787$68,691,589$42,331,496$155,236,126
84$363,020,364$71,902,956$43,595,080$168,475,935
85$399,889,052$75,266,812$44,896,126$182,960,096
86$440,513,326$78,790,477$46,235,737$198,810,974
87$485,276,097$82,481,622$47,615,046$216,163,214
88$534,599,329$86,348,291$49,035,220$235,164,983
89$588,948,020$90,398,917$50,497,459$255,979,334
90$648,834,593$94,642,339$52,002,999$278,785,724
91$714,823,734$99,087,826$53,553,112$303,781,664
92$787,537,720$103,745,095$55,149,107$331,184,562
93$867,662,295$108,624,331$56,792,329$361,233,731
94$955,953,141$113,736,216$58,484,164$394,192,616
95$1,053,243,016$119,091,945$60,226,038$430,351,239
96$1,160,449,613$124,703,259$62,019,419$470,028,901
97$1,278,584,220$130,582,466$63,865,816$513,577,149
98$1,408,761,272$136,742,469$65,766,783$561,383,056
99$1,552,208,870$143,196,798$67,723,919$613,872,821
100$1,710,280,372$149,959,638$69,738,868$671,515,754