Can I retire at age 53 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$825,791$818,435$811,258$804,254$797,414$778,769
2 years$408,807$401,194$393,815$386,660$379,721$361,043
3 years$269,831$262,184$254,824$247,737$240,911$222,782
4 years$200,356$192,733$185,447$178,481$171,819$154,381
5 years$158,683$151,105$143,914$137,090$130,614$113,914
6 years$130,909$123,389$116,304$109,632$103,351$87,406
7 years$111,079$103,622$96,649$90,135$84,052$68,865
8 years$96,213$88,823$81,966$75,612$69,729$55,294
9 years$84,656$77,336$70,598$64,404$58,722$45,028
10 years$75,417$68,168$61,549$55,517$50,034$37,066
11 years$67,862$60,686$54,186$48,317$43,031$30,770
12 years$61,571$54,469$48,089$42,380$37,290$25,717
13 years$56,251$49,224$42,964$37,415$32,517$21,610
14 years$51,696$44,743$38,604$33,213$28,505$18,240
15 years$47,752$40,874$34,854$29,620$25,098$15,452
16 years$44,304$37,501$31,600$26,522$22,181$13,130
17 years$41,265$34,537$28,755$23,830$19,668$11,186
18 years$38,566$31,914$26,250$21,475$17,487$9,549
19 years$36,155$29,577$24,030$19,405$15,587$8,167
20 years$33,987$27,484$22,054$17,575$13,923$6,995
21 years$32,028$25,601$20,285$15,950$12,459$5,999
22 years$30,250$23,897$18,696$14,502$11,168$5,151
23 years$28,629$22,351$17,262$13,208$10,025$4,427
24 years$27,145$20,941$15,965$12,046$9,011$3,807
25 years$25,782$19,652$14,787$11,001$8,108$3,277
26 years$24,525$18,470$13,714$10,059$7,304$2,822
27 years$23,364$17,382$12,734$9,207$6,585$2,431
28 years$22,288$16,379$11,838$8,436$5,942$2,096
29 years$21,288$15,452$11,017$7,736$5,365$1,807
30 years$20,356$14,593$10,262$7,099$4,848$1,559
31 years$19,486$13,795$9,567$6,520$4,383$1,345
32 years$18,672$13,053$8,926$5,992$3,965$1,161
33 years$17,909$12,361$8,334$5,510$3,588$1,002
34 years$17,192$11,716$7,787$5,070$3,248$865
35 years$16,518$11,112$7,280$4,667$2,942$747
36 years$15,882$10,547$6,810$4,298$2,666$645
37 years$15,283$10,017$6,374$3,960$2,416$557
38 years$14,716$9,520$5,969$3,650$2,190$481
39 years$14,180$9,053$5,593$3,366$1,986$416
40 years$13,672$8,613$5,242$3,105$1,802$359
41 years$13,189$8,199$4,915$2,864$1,635$310
42 years$12,731$7,808$4,611$2,643$1,483$268
43 years$12,296$7,439$4,327$2,440$1,346$232
44 years$11,881$7,091$4,061$2,253$1,222$200
45 years$11,486$6,762$3,813$2,081$1,109$173
46 years$11,110$6,451$3,582$1,922$1,007$149
47 years$10,750$6,156$3,365$1,776$914$129
48 years$10,406$5,877$3,162$1,641$830$112
49 years$10,078$5,612$2,972$1,516$754$96
50 years$9,763$5,361$2,794$1,402$685$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,000,000, adding $2,229 every year, while hoping to spend $31,278 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: 54/26/20 Blend
52$10,000,000$10,000,000$10,000,000$10,000,000
53$11,022,299$10,492,299$10,337,299$11,557,368
54$12,113,294$10,973,142$10,650,319$12,405,095
55$13,314,522$11,476,498$10,972,777$13,323,937
56$14,637,194$12,003,438$11,304,956$14,323,492
57$16,093,664$12,555,082$11,647,147$15,411,477
58$17,697,542$13,132,605$11,999,652$16,596,376
59$19,463,830$13,737,241$12,362,778$17,887,513
60$21,409,054$14,370,280$12,736,845$19,295,143
61$23,551,429$15,033,075$13,122,181$20,830,541
62$25,911,024$15,727,045$13,519,123$22,506,107
63$28,509,953$16,453,675$13,928,019$24,335,478
64$31,372,588$17,214,525$14,349,227$26,333,656
65$34,525,782$18,011,226$14,783,116$28,517,143
66$37,999,127$18,845,492$15,230,065$30,904,093
67$41,825,233$19,719,115$15,690,467$33,514,482
68$46,040,032$20,633,978$16,164,723$36,370,290
69$50,683,123$21,592,050$16,653,249$39,495,704
70$55,798,139$22,595,398$17,156,471$42,917,342
71$61,433,166$23,646,189$17,674,829$46,664,499
72$67,641,189$24,746,692$18,208,776$50,769,419
73$74,480,598$25,899,288$18,758,778$55,267,596
74$82,015,737$27,106,472$19,325,315$60,198,098
75$90,317,512$28,370,858$19,908,882$65,603,935
76$99,464,056$29,695,188$20,509,988$71,532,457
77$109,541,474$31,082,337$21,129,157$78,035,795
78$120,644,650$32,535,317$21,766,929$85,171,345
79$132,878,142$34,057,285$22,423,859$93,002,306
80$146,357,175$35,651,554$23,100,521$101,598,265
81$161,208,721$37,321,595$23,797,502$111,035,851
82$177,572,703$39,071,045$24,515,411$121,399,446
83$195,603,312$40,903,720$25,254,871$132,781,978
84$215,470,467$42,823,619$26,016,526$145,285,784
85$237,361,414$44,834,936$26,801,039$159,023,572
86$261,482,495$46,942,065$27,609,091$174,119,472
87$288,061,099$49,149,615$28,441,385$190,710,200
88$317,347,803$51,462,418$29,298,643$208,946,339
89$349,618,741$53,885,540$30,181,610$228,993,745
90$385,178,212$56,424,290$31,091,053$251,035,106
91$424,361,547$59,084,237$32,027,760$275,271,655
92$467,538,279$61,871,219$32,992,545$301,925,053
93$515,115,631$64,791,357$33,986,243$331,239,474
94$567,542,360$67,851,067$35,009,716$363,483,891
95$625,312,990$71,057,079$36,063,851$398,954,605
96$688,972,486$74,416,447$37,149,561$437,978,026
97$759,121,393$77,936,567$38,267,785$480,913,740
98$836,421,512$81,625,195$39,419,492$528,157,885
99$921,602,139$85,490,463$40,605,678$580,146,876
100$1,015,466,957$89,540,896$41,827,369$637,361,506