Can I retire at age 53 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$949,659$941,200$932,947$924,892$917,026$907,449
2 years$470,128$461,373$452,887$444,660$436,679$427,035
3 years$310,306$301,512$293,048$284,898$277,047$267,635
4 years$230,410$221,643$213,264$205,253$197,592$188,484
5 years$182,485$173,771$165,501$157,654$150,207$141,430
6 years$150,546$141,897$133,750$126,077$118,853$110,418
7 years$127,741$119,165$111,147$103,655$96,660$88,570
8 years$110,645$102,146$94,261$86,953$80,188$72,444
9 years$97,355$88,937$81,187$74,065$67,530$60,128
10 years$86,729$78,393$70,781$63,845$57,539$50,474
11 years$78,041$69,789$62,314$55,564$49,486$42,752
12 years$70,806$62,639$55,302$48,737$42,883$36,474
13 years$64,689$56,607$49,409$43,028$37,395$31,303
14 years$59,451$51,454$44,394$38,195$32,780$26,997
15 years$54,914$47,005$40,082$34,063$28,862$23,379
16 years$50,949$43,126$36,340$30,500$25,509$20,316
17 years$47,454$39,717$33,068$27,404$22,618$17,707
18 years$44,351$36,701$30,187$24,697$20,111$15,471
19 years$41,578$34,014$27,635$22,315$17,925$13,547
20 years$39,085$31,607$25,362$20,211$16,011$11,884
21 years$36,832$29,441$23,328$18,343$14,328$10,442
22 years$34,787$27,482$21,500$16,678$12,843$9,188
23 years$32,923$25,703$19,852$15,189$11,529$8,094
24 years$31,216$24,082$18,359$13,853$10,362$7,138
25 years$29,649$22,600$17,005$12,651$9,324$6,301
26 years$28,204$21,240$15,771$11,568$8,399$5,566
27 years$26,869$19,990$14,645$10,588$7,572$4,921
28 years$25,631$18,836$13,614$9,701$6,833$4,353
29 years$24,481$17,770$12,669$8,896$6,170$3,853
30 years$23,409$16,782$11,801$8,164$5,575$3,412
31 years$22,408$15,864$11,002$7,498$5,040$3,023
32 years$21,472$15,011$10,265$6,891$4,559$2,679
33 years$20,595$14,215$9,584$6,337$4,126$2,375
34 years$19,771$13,473$8,955$5,831$3,736$2,106
35 years$18,995$12,779$8,372$5,367$3,384$1,868
36 years$18,265$12,129$7,832$4,943$3,066$1,658
37 years$17,575$11,520$7,331$4,555$2,779$1,471
38 years$16,923$10,948$6,865$4,198$2,519$1,306
39 years$16,307$10,410$6,432$3,871$2,284$1,159
40 years$15,722$9,905$6,028$3,570$2,072$1,029
41 years$15,168$9,428$5,653$3,294$1,880$914
42 years$14,641$8,979$5,302$3,040$1,706$812
43 years$14,140$8,555$4,976$2,806$1,548$721
44 years$13,664$8,155$4,670$2,591$1,405$640
45 years$13,209$7,777$4,385$2,393$1,276$569
46 years$12,776$7,419$4,119$2,210$1,158$505
47 years$12,363$7,080$3,870$2,042$1,052$449
48 years$11,967$6,758$3,636$1,887$955$399
49 years$11,590$6,454$3,418$1,744$867$354
50 years$11,228$6,165$3,213$1,612$788$315

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,500,000, adding $2,346 every year, while hoping to spend $42,143 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: 37/46/17 Blend
52$11,500,000$11,500,000$11,500,000$11,500,000
53$12,675,420$12,065,920$11,887,670$13,079,009
54$13,923,473$12,612,310$12,241,067$13,916,754
55$15,297,415$13,184,061$12,604,890$14,816,872
56$16,810,042$13,782,371$12,979,445$15,788,243
57$18,475,454$14,408,495$13,365,044$16,837,275
58$20,309,188$15,063,749$13,762,011$17,970,995
59$22,328,364$15,749,511$14,170,677$19,197,108
60$24,551,847$16,467,227$14,591,384$20,524,062
61$27,000,423$17,218,409$15,024,484$21,961,126
62$29,696,999$18,004,644$15,470,337$23,518,468
63$32,666,816$18,827,595$15,929,316$25,207,247
64$35,937,687$19,689,002$16,401,804$27,039,713
65$39,540,261$20,590,693$16,888,194$29,029,311
66$43,508,310$21,534,580$17,388,891$31,190,808
67$47,879,052$22,522,668$17,904,313$33,540,418
68$52,693,495$23,557,058$18,434,887$36,095,953
69$57,996,830$24,639,954$18,981,055$38,876,978
70$63,838,857$25,773,662$19,543,271$41,904,992
71$70,274,451$26,960,601$20,122,000$45,203,620
72$77,364,082$28,203,308$20,717,725$48,798,826
73$85,174,387$29,504,439$21,330,937$52,719,148
74$93,778,797$30,866,779$21,962,146$56,995,962
75$103,258,231$32,293,247$22,611,874$61,663,762
76$113,701,857$33,786,903$23,280,659$66,760,476
77$125,207,939$35,350,954$23,969,054$72,327,815
78$137,884,759$36,988,761$24,677,627$78,411,651
79$151,851,641$38,703,847$25,406,964$85,062,443
80$167,240,079$40,499,905$26,157,668$92,335,691
81$184,194,973$42,380,807$26,930,356$100,292,456
82$202,876,003$44,350,610$27,725,666$108,999,916
83$223,459,133$46,413,567$28,544,253$118,531,984
84$246,138,269$48,574,137$29,386,790$128,969,995
85$271,127,097$50,836,993$30,253,972$140,403,454
86$298,661,090$53,207,035$31,146,509$152,930,863
87$328,999,740$55,689,399$32,065,136$166,660,633
88$362,429,002$58,289,468$33,010,607$181,712,091
89$399,263,994$61,012,886$33,983,696$198,216,584
90$439,851,974$63,865,569$34,985,202$216,318,695
91$484,575,613$66,853,720$36,015,944$236,177,595
92$533,856,613$69,983,840$37,076,766$257,968,514
93$588,159,686$73,262,747$38,168,536$281,884,373
94$647,996,938$76,697,585$39,292,146$308,137,586
95$713,932,706$80,295,847$40,448,513$336,962,032
96$786,588,885$84,065,386$41,638,581$368,615,237
97$866,650,797$88,014,436$42,863,320$403,380,779
98$954,873,665$92,151,630$44,123,727$441,570,934
99$1,052,089,737$96,486,018$45,420,830$483,529,590
100$1,159,216,145$101,027,088$46,755,683$529,635,463