Can I retire at age 53 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$883,596$875,725$868,047$860,552$853,233$824,601
2 years$437,424$429,277$421,382$413,727$406,301$377,737
3 years$288,719$280,537$272,662$265,079$257,774$230,175
4 years$214,381$206,225$198,428$190,974$183,847$157,424
5 years$169,790$161,683$153,988$146,687$139,757$114,581
6 years$140,073$132,026$124,445$117,306$110,585$86,676
7 years$118,854$110,875$103,415$96,444$89,935$67,289
8 years$102,948$95,041$87,704$80,905$74,610$53,210
9 years$90,582$82,750$75,539$68,913$62,833$42,652
10 years$80,696$72,940$65,857$59,403$53,536$34,544
11 years$72,612$64,934$57,979$51,699$46,043$28,201
12 years$65,881$58,281$51,455$45,347$39,900$23,169
13 years$60,189$52,669$45,972$40,034$34,794$19,131
14 years$55,315$47,875$41,306$35,538$30,500$15,860
15 years$51,094$43,735$37,294$31,694$26,854$13,192
16 years$47,405$40,126$33,812$28,378$23,734$11,003
17 years$44,153$36,954$30,768$25,498$21,044$9,197
18 years$41,266$34,147$28,087$22,979$18,712$7,702
19 years$38,685$31,648$25,712$20,763$16,678$6,459
20 years$36,366$29,408$23,597$18,805$14,897$5,424
21 years$34,270$27,393$21,705$17,067$13,331$4,560
22 years$32,367$25,570$20,005$15,518$11,950$3,836
23 years$30,633$23,915$18,471$14,132$10,727$3,230
24 years$29,045$22,407$17,082$12,889$9,641$2,722
25 years$27,586$21,028$15,822$11,771$8,676$2,294
26 years$26,242$19,763$14,674$10,763$7,815$1,935
27 years$25,000$18,599$13,626$9,852$7,046$1,632
28 years$23,848$17,526$12,667$9,026$6,357$1,377
29 years$22,778$16,534$11,788$8,277$5,741$1,163
30 years$21,781$15,614$10,980$7,596$5,187$982
31 years$20,850$14,761$10,236$6,977$4,690$829
32 years$19,979$13,967$9,551$6,412$4,242$700
33 years$19,162$13,227$8,917$5,896$3,839$591
34 years$18,395$12,536$8,332$5,425$3,476$500
35 years$17,674$11,890$7,790$4,994$3,148$422
36 years$16,994$11,285$7,287$4,599$2,852$357
37 years$16,353$10,718$6,821$4,238$2,585$301
38 years$15,746$10,186$6,387$3,906$2,344$255
39 years$15,172$9,686$5,984$3,602$2,125$215
40 years$14,629$9,216$5,609$3,322$1,928$182
41 years$14,113$8,772$5,259$3,065$1,749$154
42 years$13,623$8,355$4,933$2,828$1,587$130
43 years$13,157$7,960$4,629$2,611$1,440$110
44 years$12,713$7,588$4,345$2,411$1,307$93
45 years$12,290$7,236$4,080$2,226$1,187$78
46 years$11,887$6,903$3,832$2,057$1,078$66
47 years$11,503$6,587$3,600$1,900$979$56
48 years$11,135$6,288$3,383$1,756$889$47
49 years$10,783$6,005$3,180$1,623$807$40
50 years$10,447$5,736$2,990$1,500$733$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,700,000, adding $4,358 every year, while hoping to spend $47,603 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: 33/45/22 Blend
52$10,700,000$10,700,000$10,700,000$10,700,000
53$11,795,895$11,228,795$11,062,945$12,105,346
54$12,948,427$11,728,357$11,382,905$12,836,522
55$14,216,922$12,250,802$11,711,987$13,619,367
56$15,613,158$12,797,201$12,050,449$14,462,110
57$17,150,112$13,368,676$12,398,551$15,370,058
58$18,842,085$13,966,402$12,756,563$16,349,029
59$20,704,832$14,591,610$13,124,763$17,405,397
60$22,755,717$15,245,591$13,503,434$18,546,150
61$25,013,870$15,929,695$13,892,869$19,778,948
62$27,500,373$16,645,338$14,293,368$21,112,195
63$30,238,454$17,394,002$14,705,239$22,555,109
64$33,253,710$18,177,242$15,128,798$24,117,803
65$36,574,346$18,996,686$15,564,371$25,811,377
66$40,231,444$19,854,037$16,012,292$27,648,016
67$44,259,250$20,751,085$16,472,903$29,641,094
68$48,695,506$21,689,699$16,946,557$31,805,301
69$53,581,796$22,671,843$17,433,616$34,156,768
70$58,963,947$23,699,572$17,934,450$36,713,216
71$64,892,458$24,775,039$18,449,442$39,494,111
72$71,422,973$25,900,500$18,978,982$42,520,844
73$78,616,813$27,078,321$19,523,475$45,816,923
74$86,541,548$28,310,979$20,083,331$49,408,185
75$95,271,639$29,601,071$20,658,977$53,323,029
76$104,889,140$30,951,316$21,250,846$57,592,679
77$115,484,469$32,364,568$21,859,386$62,251,465
78$127,157,266$33,843,813$22,485,057$67,337,136
79$140,017,330$35,392,182$23,128,329$72,891,207
80$154,185,656$37,012,957$23,789,686$78,959,339
81$169,795,577$38,709,577$24,469,625$85,591,756
82$186,994,025$40,485,645$25,168,657$92,843,707
83$205,942,912$42,344,939$25,887,303$100,775,978
84$226,820,664$44,291,416$26,626,103$109,455,444
85$249,823,902$46,329,225$27,385,607$118,955,692
86$275,169,296$48,462,713$28,166,382$129,357,700
87$303,095,617$50,696,439$28,969,008$140,750,580
88$333,865,983$53,035,177$29,794,082$153,232,410
89$367,770,346$55,483,934$30,642,217$166,911,136
90$405,128,230$58,047,955$31,514,040$181,905,575
91$446,291,746$60,732,741$32,410,197$198,346,519
92$491,648,914$63,544,056$33,331,348$216,377,946
93$541,627,328$66,487,940$34,278,174$236,158,364
94$596,698,193$69,570,726$35,251,370$257,862,277
95$657,380,770$72,799,053$36,251,652$281,681,817
96$724,247,280$76,179,877$37,279,753$307,828,528
97$797,928,304$79,720,493$38,336,427$336,535,343
98$879,118,738$83,428,545$39,422,444$368,058,752
99$968,584,352$87,312,046$40,538,598$402,681,197
100$1,067,169,016$91,379,397$41,685,702$440,713,713