Can I retire at age 53 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$834,049$826,619$819,371$812,296$805,388$784,963
2 years$412,895$405,206$397,753$390,527$383,518$363,072
3 years$272,529$264,806$257,372$250,214$243,320$223,493
4 years$202,360$194,661$187,301$180,265$173,538$154,483
5 years$160,269$152,616$145,353$138,461$131,921$113,690
6 years$132,218$124,623$117,467$110,728$104,384$86,997
7 years$112,190$104,658$97,616$91,036$84,892$68,349
8 years$97,175$89,711$82,786$76,368$70,426$54,720
9 years$85,503$78,110$71,303$65,048$59,309$44,426
10 years$76,171$68,850$62,164$56,072$50,534$36,457
11 years$68,540$61,293$54,728$48,800$43,461$30,168
12 years$62,186$55,013$48,570$42,804$37,663$25,131
13 years$56,814$49,716$43,394$37,789$32,843$21,048
14 years$52,213$45,190$38,990$33,545$28,790$17,705
15 years$48,229$41,282$35,202$29,917$25,349$14,946
16 years$44,747$37,876$31,916$26,787$22,403$12,655
17 years$41,677$34,882$29,042$24,068$19,864$10,742
18 years$38,952$32,233$26,512$21,690$17,662$9,137
19 years$36,516$29,873$24,270$19,599$15,743$7,785
20 years$34,327$27,759$22,274$17,750$14,062$6,643
21 years$32,348$25,857$20,488$16,110$12,584$5,675
22 years$30,552$24,136$18,883$14,647$11,280$4,854
23 years$28,915$22,574$17,435$13,340$10,125$4,155
24 years$27,416$21,151$16,124$12,167$9,101$3,560
25 years$26,039$19,849$14,934$11,111$8,189$3,051
26 years$24,771$18,655$13,851$10,159$7,377$2,617
27 years$23,598$17,556$12,862$9,299$6,651$2,246
28 years$22,511$16,543$11,957$8,520$6,001$1,928
29 years$21,500$15,607$11,127$7,813$5,419$1,656
30 years$20,559$14,739$10,364$7,170$4,896$1,422
31 years$19,680$13,933$9,662$6,586$4,427$1,222
32 years$18,858$13,183$9,015$6,052$4,004$1,050
33 years$18,088$12,485$8,417$5,566$3,624$903
34 years$17,364$11,833$7,865$5,121$3,281$776
35 years$16,683$11,223$7,353$4,714$2,972$667
36 years$16,041$10,653$6,878$4,341$2,692$574
37 years$15,436$10,117$6,438$4,000$2,440$494
38 years$14,863$9,615$6,029$3,687$2,212$425
39 years$14,322$9,143$5,649$3,400$2,006$365
40 years$13,808$8,699$5,294$3,136$1,820$314
41 years$13,321$8,281$4,964$2,893$1,651$270
42 years$12,859$7,886$4,657$2,670$1,498$233
43 years$12,419$7,514$4,370$2,465$1,360$200
44 years$12,000$7,162$4,102$2,276$1,234$172
45 years$11,601$6,830$3,851$2,102$1,120$148
46 years$11,221$6,515$3,617$1,941$1,017$127
47 years$10,858$6,218$3,398$1,794$924$110
48 years$10,511$5,936$3,194$1,657$839$94
49 years$10,179$5,668$3,002$1,532$762$81
50 years$9,861$5,415$2,822$1,416$692$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,100,000, adding $6,060 every year, while hoping to spend $39,232 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: 26/45/29 Blend
52$10,100,000$10,100,000$10,100,000$10,100,000
53$11,136,451$10,601,151$10,444,601$11,325,128
54$12,230,626$11,078,865$10,752,752$11,959,291
55$13,435,093$11,578,672$11,069,912$12,635,463
56$14,761,059$12,101,613$11,396,341$13,360,148
57$16,220,874$12,648,779$11,732,305$14,137,479
58$17,828,147$13,221,313$12,078,082$14,971,978
59$19,597,873$13,820,413$12,433,953$15,868,592
60$21,546,577$14,447,334$12,800,210$16,832,735
61$23,692,464$15,103,389$13,177,154$17,870,333
62$26,055,598$15,789,958$13,565,091$18,987,879
63$28,658,086$16,508,483$13,964,339$20,192,483
64$31,524,290$17,260,478$14,375,223$21,491,936
65$34,681,054$18,047,528$14,798,080$22,894,780
66$38,157,958$18,871,293$15,233,252$24,410,376
67$41,987,599$19,733,516$15,681,095$26,048,993
68$46,205,895$20,636,019$16,141,973$27,821,893
69$50,852,427$21,580,715$16,616,260$29,741,431
70$55,970,812$22,569,608$17,104,342$31,821,165
71$61,609,113$23,604,796$17,606,615$34,075,976
72$67,820,293$24,688,481$18,123,487$36,522,201
73$74,662,715$25,822,969$18,655,376$39,177,775
74$82,200,693$27,010,676$19,202,713$42,062,397
75$90,505,101$28,254,136$19,765,941$45,197,702
76$99,654,036$29,556,004$20,345,514$48,607,455
77$109,733,561$30,919,061$20,941,903$52,317,770
78$120,838,514$32,346,225$21,555,586$56,357,341
79$133,073,405$33,840,553$22,187,061$60,757,702
80$146,553,399$35,405,247$22,836,834$65,553,518
81$161,405,408$37,043,666$23,505,430$70,782,891
82$177,769,284$38,759,330$24,193,386$76,487,715
83$195,799,141$40,555,928$24,901,255$82,714,056
84$215,664,812$42,437,327$25,629,606$89,512,568
85$237,553,447$44,407,580$26,379,022$96,938,964
86$261,671,285$46,470,937$27,150,105$105,054,520
87$288,245,594$48,631,851$27,943,472$113,926,641
88$317,526,823$50,894,991$28,759,757$123,629,480
89$349,790,964$53,265,250$29,599,613$134,244,620
90$385,342,154$55,747,759$30,463,712$145,861,825
91$424,515,549$58,347,894$31,352,742$158,579,870
92$467,680,488$61,071,294$32,267,412$172,507,451
93$515,243,978$63,923,868$33,208,450$187,764,192
94$567,654,537$66,911,810$34,176,606$204,481,752
95$625,406,426$70,041,615$35,172,649$222,805,041
96$689,044,318$73,320,092$36,197,370$242,893,572
97$759,168,439$76,754,376$37,251,581$264,922,934
98$836,440,230$80,351,950$38,336,120$289,086,426
99$921,588,596$84,120,659$39,451,843$315,596,854
100$1,015,416,788$88,068,726$40,599,634$344,688,512