Can I retire at age 53 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$941,401$933,016$924,835$916,849$909,052$887,436
2 years$466,040$457,361$448,949$440,793$432,882$411,231
3 years$307,607$298,890$290,500$282,420$274,638$253,628
4 years$228,406$219,716$211,409$203,468$195,874$175,667
5 years$180,898$172,260$164,062$156,283$148,900$129,553
6 years$149,236$140,663$132,587$124,981$117,820$99,352
7 years$126,630$118,129$110,180$102,754$95,819$78,232
8 years$109,682$101,258$93,442$86,197$79,491$62,779
9 years$96,508$88,163$80,481$73,421$66,943$51,092
10 years$85,975$77,712$70,165$63,290$57,039$42,031
11 years$77,362$69,182$61,772$55,081$49,055$34,870
12 years$70,191$62,094$54,821$48,313$42,510$29,124
13 years$64,127$56,115$48,979$42,653$37,070$24,457
14 years$58,934$51,007$44,008$37,863$32,495$20,629
15 years$54,437$46,596$39,733$33,767$28,611$17,464
16 years$50,506$42,751$36,024$30,235$25,287$14,829
17 years$47,042$39,372$32,781$27,166$22,421$12,624
18 years$43,965$36,381$29,924$24,482$19,936$10,769
19 years$41,216$33,718$27,394$22,121$17,769$9,203
20 years$38,745$31,332$25,141$20,035$15,872$7,877
21 years$36,512$29,185$23,125$18,183$14,203$6,750
22 years$34,485$27,243$21,313$16,533$12,731$5,791
23 years$32,637$25,480$19,679$15,057$11,428$4,973
24 years$30,945$23,873$18,200$13,733$10,272$4,274
25 years$29,391$22,404$16,857$12,541$9,243$3,676
26 years$27,959$21,056$15,634$11,467$8,326$3,163
27 years$26,635$19,816$14,517$10,496$7,507$2,723
28 years$25,408$18,672$13,496$9,617$6,773$2,345
29 years$24,268$17,615$12,559$8,819$6,116$2,021
30 years$23,205$16,636$11,698$8,093$5,526$1,741
31 years$22,214$15,726$10,906$7,433$4,996$1,501
32 years$21,286$14,880$10,175$6,831$4,520$1,295
33 years$20,416$14,092$9,501$6,282$4,090$1,116
34 years$19,599$13,356$8,877$5,780$3,703$963
35 years$18,830$12,668$8,299$5,321$3,354$831
36 years$18,106$12,024$7,764$4,900$3,039$717
37 years$17,422$11,420$7,267$4,515$2,754$619
38 years$16,776$10,853$6,805$4,162$2,497$534
39 years$16,165$10,320$6,376$3,837$2,264$461
40 years$15,586$9,819$5,976$3,539$2,054$398
41 years$15,036$9,346$5,603$3,265$1,863$343
42 years$14,514$8,901$5,256$3,014$1,691$296
43 years$14,017$8,481$4,932$2,782$1,535$256
44 years$13,545$8,084$4,630$2,569$1,393$221
45 years$13,095$7,709$4,347$2,372$1,264$191
46 years$12,665$7,354$4,083$2,191$1,148$165
47 years$12,255$7,018$3,836$2,024$1,043$142
48 years$11,863$6,700$3,605$1,871$947$123
49 years$11,489$6,398$3,388$1,729$860$106
50 years$11,130$6,111$3,185$1,598$781$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,400,000, adding $5,901 every year, while hoping to spend $31,176 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: 64/25/11 Blend
52$11,400,000$11,400,000$11,400,000$11,400,000
53$12,568,887$11,964,687$11,787,987$13,341,947
54$13,817,742$12,517,786$12,149,713$14,412,101
55$15,192,936$13,096,941$12,522,513$15,576,348
56$16,707,322$13,703,398$12,906,723$16,847,223
57$18,375,063$14,338,459$13,302,693$18,235,099
58$20,211,767$15,003,491$13,710,781$19,751,381
59$22,234,633$15,699,927$14,131,357$21,408,617
60$24,462,610$16,429,268$14,564,802$23,220,610
61$26,916,582$17,193,088$15,011,509$25,202,545
62$29,619,561$17,993,037$15,471,883$27,371,132
63$32,596,906$18,830,845$15,946,340$29,744,756
64$35,876,557$19,708,324$16,435,309$32,343,648
65$39,489,309$20,627,374$16,939,235$35,190,075
66$43,469,091$21,589,988$17,458,572$38,308,541
67$47,853,295$22,598,255$17,993,791$41,726,020
68$52,683,125$23,654,362$18,545,376$45,472,201
69$58,003,983$24,760,606$19,113,827$49,579,764
70$63,865,906$25,919,392$19,699,656$54,084,687
71$70,324,029$27,133,242$20,303,395$59,026,579
72$77,439,109$28,404,801$20,925,588$64,449,048
73$85,278,102$29,736,840$21,566,799$70,400,104
74$93,914,789$31,132,265$22,227,607$76,932,614
75$103,430,474$32,594,124$22,908,609$84,104,786
76$113,914,756$34,125,609$23,610,421$91,980,720
77$125,466,367$35,730,069$24,333,675$100,631,002
78$138,194,110$37,411,016$25,079,027$110,133,361
79$152,217,883$39,172,130$25,847,148$120,573,402
80$167,669,812$41,017,269$26,638,733$132,045,402
81$184,695,498$42,950,481$27,454,495$144,653,192
82$203,455,389$44,976,005$28,295,172$158,511,131
83$224,126,300$47,098,290$29,161,521$173,745,173
84$246,903,074$49,321,998$30,054,324$190,494,051
85$272,000,431$51,652,019$30,974,387$208,910,575
86$299,654,985$54,093,478$31,922,539$229,163,064
87$330,127,484$56,651,750$32,899,635$251,436,925
88$363,705,271$59,332,469$33,906,556$275,936,394
89$400,704,993$62,141,544$34,944,210$302,886,446
90$441,475,593$65,085,170$36,013,531$332,534,918
91$486,401,602$68,169,842$37,115,483$365,154,824
92$535,906,773$71,402,372$38,251,059$401,046,927
93$590,458,075$74,789,900$39,421,282$440,542,561
94$650,570,108$78,339,914$40,627,204$484,006,747
95$716,809,956$82,060,266$41,869,912$531,841,619
96$789,802,541$85,959,189$43,150,524$584,490,212
97$870,236,526$90,045,316$44,470,192$642,440,618
98$958,870,813$94,327,697$45,830,105$706,230,586
99$1,056,541,707$98,815,825$47,231,484$776,452,574
100$1,164,170,814$103,519,653$48,675,591$853,759,325