Can I retire at age 53 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$875,338$867,541$859,934$852,509$845,259$839,580
2 years$433,336$425,265$417,444$409,860$402,504$396,777
3 years$286,021$277,916$270,114$262,601$255,365$249,767
4 years$212,378$204,297$196,574$189,189$182,129$176,702
5 years$168,204$160,172$152,549$145,316$138,451$133,213
6 years$138,764$130,792$123,282$116,210$109,552$104,508
7 years$117,743$109,839$102,448$95,543$89,095$84,248
8 years$101,985$94,152$86,884$80,148$73,913$69,263
9 years$89,736$81,977$74,833$68,269$62,245$57,792
10 years$79,942$72,258$65,241$58,848$53,036$48,776
11 years$71,933$64,327$57,438$51,216$45,613$41,544
12 years$65,265$57,737$50,974$44,923$39,527$35,645
13 years$59,627$52,177$45,542$39,660$34,468$30,770
14 years$54,798$47,428$40,920$35,206$30,215$26,695
15 years$50,617$43,326$36,945$31,398$26,603$23,257
16 years$46,962$39,751$33,496$28,113$23,512$20,335
17 years$43,741$36,609$30,480$25,259$20,848$17,834
18 years$40,880$33,828$27,824$22,764$18,537$15,682
19 years$38,324$31,352$25,472$20,569$16,522$13,821
20 years$36,026$29,134$23,377$18,629$14,758$12,204
21 years$33,950$27,137$21,502$16,907$13,207$10,795
22 years$32,065$25,331$19,818$15,373$11,838$9,563
23 years$30,346$23,692$18,298$14,000$10,626$8,482
24 years$28,773$22,198$16,923$12,769$9,551$7,532
25 years$27,328$20,831$15,674$11,661$8,595$6,696
26 years$25,997$19,578$14,537$10,662$7,742$5,957
27 years$24,766$18,425$13,499$9,760$6,980$5,304
28 years$23,625$17,362$12,549$8,942$6,298$4,726
29 years$22,565$16,379$11,678$8,200$5,687$4,214
30 years$21,577$15,468$10,877$7,525$5,139$3,759
31 years$20,655$14,623$10,141$6,912$4,646$3,355
32 years$19,792$13,836$9,461$6,352$4,202$2,995
33 years$18,983$13,103$8,834$5,841$3,803$2,675
34 years$18,223$12,419$8,254$5,374$3,443$2,390
35 years$17,509$11,779$7,717$4,947$3,119$2,136
36 years$16,835$11,180$7,219$4,556$2,826$1,910
37 years$16,200$10,618$6,757$4,198$2,561$1,708
38 years$15,599$10,091$6,328$3,869$2,322$1,528
39 years$15,031$9,596$5,928$3,568$2,106$1,367
40 years$14,492$9,130$5,556$3,291$1,910$1,223
41 years$13,981$8,690$5,210$3,036$1,733$1,094
42 years$13,495$8,277$4,887$2,802$1,572$979
43 years$13,034$7,886$4,586$2,587$1,427$877
44 years$12,594$7,517$4,305$2,388$1,295$785
45 years$12,176$7,168$4,042$2,206$1,176$703
46 years$11,776$6,838$3,796$2,037$1,068$629
47 years$11,395$6,526$3,567$1,882$969$563
48 years$11,031$6,230$3,352$1,739$880$505
49 years$10,683$5,949$3,150$1,607$800$452
50 years$10,349$5,683$2,962$1,486$726$405

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,600,000, adding $3,820 every year, while hoping to spend $40,942 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: 40/49/11 Blend
52$10,600,000$10,600,000$10,600,000$10,600,000
53$11,685,140$11,123,340$10,959,040$12,113,927
54$12,833,463$11,624,822$11,282,606$12,917,912
55$14,097,542$12,149,504$11,615,639$13,782,765
56$15,489,141$12,698,480$11,958,414$14,717,426
57$17,021,224$13,272,896$12,311,211$15,728,232
58$18,708,073$13,873,952$12,674,321$16,822,127
59$20,565,428$14,502,907$13,048,042$18,006,731
60$22,610,630$15,161,078$13,432,680$19,290,400
61$24,862,790$15,849,847$13,828,550$20,682,303
62$27,342,965$16,570,660$14,235,977$22,192,505
63$30,074,360$17,325,034$14,655,295$23,832,051
64$33,082,543$18,114,559$15,086,845$25,613,066
65$36,395,689$18,940,900$15,530,982$27,548,868
66$40,044,847$19,805,801$15,988,066$29,654,080
67$44,064,227$20,711,091$16,458,473$31,944,766
68$48,491,530$21,658,687$16,942,584$34,438,572
69$53,368,301$22,650,597$17,440,794$37,154,888
70$58,740,316$23,688,925$17,953,510$40,115,021
71$64,658,024$24,775,877$18,481,148$43,342,390
72$71,177,013$25,913,766$19,024,137$46,862,735
73$78,358,540$27,105,013$19,582,918$50,704,355
74$86,270,110$28,352,157$20,157,944$54,898,361
75$94,986,109$29,657,860$20,749,682$59,478,964
76$104,588,507$31,024,910$21,358,612$64,483,785
77$115,167,635$32,456,231$21,985,226$69,954,200
78$126,823,034$33,954,886$22,630,031$75,935,720
79$139,664,395$35,524,087$23,293,548$82,478,407
80$153,812,595$37,167,200$23,976,314$89,637,334
81$169,400,838$38,887,751$24,678,879$97,473,094
82$186,575,912$40,689,439$25,401,810$106,052,356
83$205,499,573$42,576,140$26,145,689$115,448,481
84$226,350,075$44,551,916$26,911,115$125,742,199
85$249,323,848$46,621,026$27,698,703$137,022,357
86$274,637,358$48,787,933$28,509,087$149,386,738
87$302,529,144$51,057,317$29,342,916$162,942,971
88$333,262,073$53,434,082$30,200,860$177,809,524
89$367,125,822$55,923,369$31,083,607$194,116,808
90$404,439,610$58,530,569$31,991,862$212,008,386
91$445,555,214$61,261,330$32,926,353$231,642,307
92$490,860,286$64,121,576$33,887,827$253,192,579
93$540,782,017$67,117,515$34,877,050$276,850,786
94$595,791,165$70,255,655$35,894,814$302,827,873
95$656,406,501$73,542,820$36,941,927$331,356,115
96$723,199,708$76,986,162$38,019,226$362,691,281
97$796,800,774$80,593,179$39,127,565$397,115,021
98$877,903,941$84,371,734$40,267,827$434,937,499
99$967,274,261$88,330,066$41,440,917$476,500,289
100$1,065,754,812$92,476,816$42,647,764$522,179,567