Can I retire at age 53 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$908,370$900,278$892,384$884,679$877,155$864,047
2 years$449,688$441,313$433,196$425,327$417,693$404,517
3 years$296,814$288,403$280,307$272,511$265,002$252,166
4 years$220,392$212,007$203,991$196,329$189,001$176,607
5 years$174,551$166,216$158,306$150,799$143,676$131,757
6 years$144,000$135,728$127,935$120,595$113,686$102,257
7 years$122,187$113,984$106,314$99,148$92,457$81,522
8 years$105,834$97,705$90,163$83,173$76,702$66,259
9 years$93,122$85,070$77,657$70,845$64,594$54,639
10 years$82,958$74,985$67,703$61,069$55,037$45,561
11 years$74,648$66,755$59,605$53,148$47,334$38,328
12 years$67,728$59,915$52,898$46,618$41,019$32,471
13 years$61,877$54,146$47,261$41,157$35,769$27,668
14 years$56,866$49,217$42,464$36,534$31,355$23,688
15 years$52,527$44,961$38,339$32,582$27,607$20,361
16 years$48,734$41,251$34,760$29,174$24,400$17,559
17 years$45,391$37,990$31,630$26,213$21,634$15,185
18 years$42,423$35,105$28,874$23,623$19,236$13,164
19 years$39,770$32,535$26,433$21,345$17,146$11,434
20 years$37,386$30,233$24,259$19,332$15,315$9,950
21 years$35,231$28,161$22,314$17,545$13,705$8,671
22 years$33,275$26,287$20,566$15,953$12,285$7,566
23 years$31,491$24,586$18,989$14,528$11,027$6,609
24 years$29,859$23,035$17,561$13,251$9,912$5,779
25 years$28,360$21,617$16,265$12,101$8,919$5,057
26 years$26,978$20,317$15,085$11,065$8,034$4,429
27 years$25,701$19,121$14,008$10,128$7,243$3,881
28 years$24,517$18,017$13,022$9,279$6,536$3,403
29 years$23,416$16,997$12,118$8,509$5,902$2,985
30 years$22,391$16,052$11,288$7,809$5,332$2,620
31 years$21,434$15,175$10,523$7,172$4,821$2,300
32 years$20,539$14,358$9,818$6,592$4,361$2,020
33 years$19,699$13,597$9,167$6,061$3,947$1,775
34 years$18,911$12,887$8,565$5,577$3,573$1,559
35 years$18,169$12,223$8,008$5,134$3,236$1,370
36 years$17,471$11,602$7,491$4,728$2,932$1,205
37 years$16,811$11,019$7,012$4,357$2,658$1,059
38 years$16,188$10,472$6,566$4,016$2,409$931
39 years$15,598$9,958$6,152$3,702$2,185$819
40 years$15,039$9,474$5,766$3,415$1,982$720
41 years$14,508$9,018$5,407$3,151$1,798$634
42 years$14,005$8,589$5,072$2,908$1,632$557
43 years$13,526$8,183$4,759$2,684$1,481$490
44 years$13,070$7,801$4,467$2,478$1,344$432
45 years$12,635$7,439$4,195$2,289$1,220$380
46 years$12,221$7,096$3,940$2,114$1,108$334
47 years$11,825$6,772$3,701$1,953$1,006$294
48 years$11,447$6,465$3,478$1,805$914$259
49 years$11,086$6,173$3,269$1,668$830$228
50 years$10,740$5,897$3,074$1,542$754$200

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,000,000, adding $3,585 every year, while hoping to spend $57,872 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: 61/28/11 Blend
52$11,000,000$11,000,000$11,000,000$11,000,000
53$12,125,698$11,542,698$11,372,198$12,834,012
54$13,300,944$12,046,715$11,691,591$13,813,583
55$14,594,125$12,573,489$12,019,745$14,875,070
56$16,017,210$13,124,074$12,356,890$16,031,902
57$17,583,386$13,699,574$12,703,267$17,293,295
58$19,307,183$14,301,145$13,059,118$18,669,383
59$21,204,612$14,929,997$13,424,694$20,171,315
60$23,293,313$15,587,398$13,800,253$21,811,349
61$25,592,726$16,274,675$14,186,056$23,602,973
62$28,124,269$16,993,219$14,582,373$25,561,025
63$30,911,543$17,744,486$14,989,482$27,701,829
64$33,980,555$18,530,001$15,407,664$30,043,347
65$37,359,962$19,351,360$15,837,211$32,605,345
66$41,081,340$20,210,239$16,278,419$35,409,575
67$45,179,484$21,108,388$16,731,594$38,479,977
68$49,692,736$22,047,644$17,197,047$41,842,900
69$54,663,346$23,029,929$17,675,098$45,527,346
70$60,137,869$24,057,257$18,166,076$49,565,239
71$66,167,607$25,131,739$18,670,316$53,991,725
72$72,809,093$26,255,584$19,188,161$58,845,493
73$80,124,621$27,431,108$19,719,965$64,169,140
74$88,182,836$28,660,736$20,266,087$70,009,564
75$97,059,382$29,947,009$20,826,898$76,418,403
76$106,837,616$31,292,589$21,402,776$83,452,516
77$117,609,392$32,700,265$21,994,108$91,174,513
78$129,475,931$34,172,959$22,601,292$99,653,341
79$142,548,774$35,713,732$23,224,733$108,964,924
80$156,950,836$37,325,792$23,864,848$119,192,879
81$172,817,563$39,012,498$24,522,063$130,429,291
82$190,298,216$40,777,371$25,196,813$142,775,580
83$209,557,272$42,624,101$25,889,545$156,343,446
84$230,775,985$44,556,553$26,600,716$171,255,917
85$254,154,088$46,578,777$27,330,793$187,648,504
86$279,911,685$48,695,016$28,080,254$205,670,464
87$308,291,324$50,909,719$28,849,589$225,486,206
88$339,560,289$53,227,545$29,639,300$247,276,829
89$374,013,120$55,653,376$30,449,898$271,241,823
90$411,974,397$58,192,331$31,281,909$297,600,938
91$453,801,800$60,849,770$32,135,868$326,596,252
92$499,889,488$63,631,313$33,012,323$358,494,439
93$550,671,817$66,542,848$33,911,838$393,589,276
94$606,627,442$69,590,548$34,834,984$432,204,402
95$668,283,834$72,780,878$35,782,349$474,696,361
96$736,222,261$76,120,616$36,754,534$521,457,952
97$811,083,272$79,616,867$37,752,151$572,921,922
98$893,572,746$83,277,073$38,775,828$629,565,034
99$984,468,554$87,109,038$39,826,206$691,912,556
100$1,084,627,903$91,120,937$40,903,940$760,543,194