Can I retire at age 53 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$850,564$842,988$835,596$828,381$821,336$813,097
2 years$421,071$413,229$405,629$398,260$391,113$382,814
3 years$277,926$270,050$262,469$255,169$248,138$240,038
4 years$206,367$198,515$191,010$183,835$176,974$169,134
5 years$163,443$155,638$148,232$141,203$134,533$126,976
6 years$134,836$127,090$119,793$112,921$106,451$99,188
7 years$114,411$106,730$99,549$92,839$86,573$79,606
8 years$99,099$91,488$84,425$77,880$71,821$65,149
9 years$87,196$79,656$72,715$66,337$60,484$54,105
10 years$77,679$70,213$63,395$57,183$51,535$45,446
11 years$69,898$62,507$55,812$49,766$44,322$38,517
12 years$63,418$56,103$49,532$43,652$38,408$32,882
13 years$57,939$50,700$44,253$38,538$33,493$28,238
14 years$53,247$46,085$39,762$34,210$29,360$24,370
15 years$49,184$42,100$35,900$30,509$25,851$21,118
16 years$45,633$38,626$32,548$27,317$22,847$18,364
17 years$42,503$35,573$29,618$24,544$20,258$16,016
18 years$39,723$32,871$27,037$22,120$18,012$14,004
19 years$37,239$30,464$24,751$19,987$16,055$12,271
20 years$35,006$28,309$22,715$18,102$14,340$10,773
21 years$32,989$26,369$20,894$16,429$12,833$9,473
22 years$31,157$24,614$19,257$14,937$11,503$8,341
23 years$29,487$23,021$17,780$13,604$10,326$7,354
24 years$27,959$21,569$16,444$12,407$9,281$6,490
25 years$26,555$20,242$15,230$11,331$8,351$5,734
26 years$25,261$19,024$14,125$10,361$7,523$5,069
27 years$24,065$17,904$13,116$9,483$6,782$4,485
28 years$22,956$16,871$12,193$8,689$6,120$3,971
29 years$21,926$15,916$11,347$7,968$5,526$3,518
30 years$20,966$15,031$10,569$7,312$4,993$3,117
31 years$20,070$14,209$9,854$6,716$4,514$2,764
32 years$19,232$13,444$9,194$6,172$4,083$2,452
33 years$18,446$12,732$8,584$5,676$3,696$2,175
34 years$17,708$12,067$8,020$5,222$3,346$1,931
35 years$17,013$11,446$7,499$4,807$3,030$1,714
36 years$16,359$10,863$7,015$4,427$2,746$1,522
37 years$15,741$10,318$6,566$4,079$2,489$1,352
38 years$15,158$9,806$6,148$3,760$2,256$1,201
39 years$14,605$9,324$5,760$3,467$2,046$1,067
40 years$14,082$8,871$5,399$3,198$1,856$948
41 years$13,585$8,445$5,063$2,950$1,684$843
42 years$13,113$8,042$4,749$2,723$1,528$749
43 years$12,665$7,663$4,456$2,513$1,386$666
44 years$12,238$7,304$4,183$2,321$1,258$592
45 years$11,831$6,965$3,928$2,143$1,142$526
46 years$11,443$6,644$3,689$1,980$1,037$468
47 years$11,073$6,341$3,466$1,829$942$416
48 years$10,719$6,053$3,257$1,690$855$370
49 years$10,380$5,780$3,061$1,562$777$329
50 years$10,056$5,522$2,878$1,444$706$293

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,300,000, adding $3,535 every year, while hoping to spend $54,065 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: 37/45/18 Blend
52$10,300,000$10,300,000$10,300,000$10,300,000
53$11,354,246$10,808,346$10,648,696$11,712,397
54$12,454,855$11,280,431$10,947,903$12,443,694
55$13,665,913$11,773,835$11,255,321$13,227,711
56$14,998,630$12,289,547$11,571,168$14,073,435
57$16,465,357$12,828,601$11,895,669$14,986,432
58$18,079,701$13,392,080$12,229,051$15,972,805
59$19,856,656$13,981,118$12,571,550$17,039,246
60$21,812,745$14,596,903$12,923,407$18,193,099
61$23,966,173$15,240,678$13,284,869$19,442,418
62$26,336,998$15,913,748$13,656,188$20,796,045
63$28,947,326$16,617,475$14,037,624$22,263,686
64$31,821,511$17,353,289$14,429,443$23,855,996
65$34,986,393$18,122,688$14,831,916$25,584,674
66$38,471,544$18,927,238$15,245,324$27,462,571
67$42,309,551$19,768,583$15,669,952$29,503,803
68$46,536,323$20,648,441$16,106,093$31,723,878
69$51,191,428$21,568,615$16,554,048$34,139,836
70$56,318,469$22,530,992$17,014,124$36,770,404
71$61,965,492$23,537,550$17,486,636$39,636,164
72$68,185,441$24,590,359$17,971,907$42,759,741
73$75,036,658$25,691,588$18,470,268$46,166,010
74$82,583,432$26,843,512$18,982,057$49,882,321
75$90,896,609$28,048,510$19,507,622$53,938,747
76$100,054,253$29,309,078$20,047,318$58,368,365
77$110,142,393$30,627,828$20,601,509$63,207,551
78$121,255,825$32,007,499$21,170,568$68,496,321
79$133,499,012$33,450,960$21,754,875$74,278,694
80$146,987,070$34,961,216$22,354,822$80,603,098
81$161,846,852$36,541,416$22,970,809$87,522,818
82$178,218,145$38,194,859$23,603,245$95,096,484
83$196,254,991$39,925,003$24,252,550$103,388,617
84$216,127,142$41,735,470$24,919,151$112,470,219
85$238,021,657$43,630,055$25,603,490$122,419,438
86$262,144,674$45,612,735$26,306,015$133,322,284
87$288,723,350$47,687,679$27,027,185$145,273,431
88$318,008,008$49,859,251$27,767,473$158,377,096
89$350,274,500$52,132,030$28,527,358$172,748,005
90$385,826,809$54,510,809$29,307,335$188,512,458
91$424,999,920$57,000,615$30,107,906$205,809,509
92$468,162,979$59,606,712$30,929,588$224,792,257
93$515,722,781$62,334,620$31,772,908$245,629,270
94$568,127,610$65,190,121$32,638,406$268,506,162
95$625,871,466$68,179,277$33,526,632$293,627,322
96$689,498,732$71,308,439$34,438,151$321,217,820
97$759,609,314$74,584,263$35,373,541$351,525,511
98$836,864,299$78,013,727$36,333,389$384,823,350
99$921,992,200$81,604,142$37,318,300$421,411,946
100$1,015,795,831$85,363,171$38,328,889$461,622,369