Can I retire at age 53 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$891,854$883,910$876,159$868,594$861,207$842,099
2 years$441,512$433,289$425,320$417,593$410,099$390,946
3 years$291,417$283,159$275,210$267,556$260,183$241,586
4 years$216,385$208,152$200,283$192,759$185,565$167,665
5 years$171,377$163,194$155,427$148,057$141,064$123,911
6 years$141,382$133,260$125,608$118,403$111,619$95,232
7 years$119,965$111,911$104,381$97,345$90,776$75,158
8 years$103,910$95,929$88,524$81,661$75,307$60,453
9 years$91,429$83,523$76,245$69,557$63,420$49,318
10 years$81,450$73,622$66,472$59,959$54,037$40,672
11 years$73,291$65,541$58,521$52,182$46,473$33,829
12 years$66,496$58,826$51,936$45,771$40,273$28,328
13 years$60,752$53,162$46,401$40,409$35,119$23,852
14 years$55,832$48,322$41,692$35,870$30,785$20,174
15 years$51,572$44,143$37,642$31,990$27,105$17,126
16 years$47,848$40,501$34,128$28,644$23,956$14,584
17 years$44,566$37,300$31,055$25,736$21,241$12,451
18 years$41,651$34,467$28,349$23,193$18,886$10,653
19 years$39,047$31,943$25,953$20,957$16,834$9,131
20 years$36,706$29,683$23,818$18,981$15,036$7,839
21 years$34,590$27,649$21,908$17,226$13,456$6,738
22 years$32,670$25,809$20,192$15,663$12,061$5,799
23 years$30,919$24,139$18,643$14,264$10,827$4,995
24 years$29,316$22,616$17,242$13,010$9,731$4,307
25 years$27,844$21,224$15,970$11,881$8,757$3,715
26 years$26,487$19,948$14,811$10,864$7,888$3,207
27 years$25,233$18,773$13,753$9,944$7,112$2,770
28 years$24,071$17,690$12,785$9,111$6,417$2,394
29 years$22,991$16,688$11,898$8,355$5,794$2,069
30 years$21,984$15,760$11,082$7,667$5,235$1,789
31 years$21,044$14,899$10,332$7,042$4,733$1,548
32 years$20,165$14,097$9,640$6,472$4,282$1,339
33 years$19,341$13,350$9,001$5,951$3,875$1,159
34 years$18,567$12,653$8,410$5,476$3,508$1,003
35 years$17,839$12,001$7,863$5,041$3,178$868
36 years$17,153$11,391$7,355$4,642$2,879$752
37 years$16,505$10,819$6,884$4,277$2,609$651
38 years$15,893$10,282$6,447$3,942$2,366$564
39 years$15,314$9,777$6,040$3,635$2,145$488
40 years$14,765$9,302$5,661$3,353$1,946$423
41 years$14,245$8,854$5,309$3,093$1,765$366
42 years$13,750$8,433$4,980$2,855$1,602$317
43 years$13,280$8,035$4,673$2,635$1,454$275
44 years$12,832$7,659$4,386$2,433$1,320$238
45 years$12,405$7,303$4,118$2,247$1,198$206
46 years$11,998$6,967$3,868$2,076$1,088$179
47 years$11,610$6,649$3,634$1,918$988$155
48 years$11,239$6,347$3,415$1,772$897$134
49 years$10,884$6,061$3,210$1,638$815$116
50 years$10,545$5,790$3,018$1,514$740$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $10,800,000, adding $5,504 every year, while hoping to spend $44,221 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: 45/25/30 Blend
52$10,800,000$10,800,000$10,800,000$10,800,000
53$11,907,277$11,334,877$11,167,477$12,339,480
54$13,074,769$11,843,236$11,494,537$13,156,756
55$14,359,862$12,375,021$11,831,071$14,037,939
56$15,774,507$12,931,336$12,177,350$14,992,822
57$17,331,868$13,513,332$12,533,653$16,028,325
58$19,046,453$14,122,220$12,900,265$17,152,048
59$20,934,248$14,759,266$13,277,481$18,372,341
60$23,012,868$15,425,796$13,665,603$19,698,381
61$25,301,721$16,123,201$14,064,941$21,140,255
62$27,822,196$16,852,938$14,475,816$22,709,049
63$30,597,860$17,616,532$14,898,556$24,416,954
64$33,654,683$18,415,582$15,333,499$26,277,370
65$37,021,280$19,251,766$15,780,991$28,305,038
66$40,729,186$20,126,837$16,241,389$30,516,164
67$44,813,147$21,042,637$16,715,060$32,928,578
68$49,311,455$22,001,093$17,202,381$35,561,889
69$54,266,302$23,004,225$17,703,740$38,437,671
70$59,724,183$24,054,151$18,219,533$41,579,660
71$65,736,334$25,153,088$18,750,172$45,013,973
72$72,359,214$26,303,363$19,296,076$48,769,347
73$79,655,036$27,507,411$19,857,678$52,877,409
74$87,692,361$28,767,785$20,435,421$57,372,963
75$96,546,738$30,087,162$21,029,763$62,294,318
76$106,301,418$31,468,346$21,641,173$67,683,641
77$117,048,143$32,914,275$22,270,133$73,587,346
78$128,888,009$34,428,031$22,917,138$80,056,529
79$141,932,422$36,012,840$23,582,699$87,147,439
80$156,304,147$37,672,087$24,267,337$94,922,006
81$172,138,469$39,409,318$24,971,591$103,448,416
82$189,584,467$41,228,249$25,696,013$112,801,741
83$208,806,425$43,132,775$26,441,172$123,064,650
84$229,985,379$45,126,980$27,207,650$134,328,168
85$253,320,829$47,215,143$27,996,048$146,692,537
86$279,032,618$49,401,750$28,806,980$160,268,145
87$307,363,011$51,691,502$29,641,080$175,176,560
88$338,578,980$54,089,327$30,498,998$191,551,668
89$372,974,723$56,600,392$31,381,402$209,540,923
90$410,874,444$59,230,110$32,288,978$229,306,731
91$452,635,410$61,984,158$33,222,431$251,027,969
92$498,651,326$64,868,485$34,182,486$274,901,660
93$549,356,048$67,889,328$35,169,887$301,144,820
94$605,227,684$71,053,225$36,185,397$329,996,494
95$666,793,102$74,367,027$37,229,803$361,719,997
96$734,632,908$77,837,921$38,303,910$396,605,386
97$809,386,921$81,473,435$39,408,547$434,972,179
98$891,760,219$85,281,466$40,544,566$477,172,360
99$982,529,793$89,270,289$41,712,840$523,593,679
100$1,082,551,879$93,448,580$42,914,267$574,663,299