Can I retire at age 53 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,158,296
2 years$613,211$601,790$590,722$579,991$569,581$531,816
3 years$404,746$393,277$382,236$371,606$361,366$324,845
4 years$300,535$289,100$278,170$267,721$257,729$222,733
5 years$238,024$226,658$215,871$205,635$195,922$162,544
6 years$196,364$185,083$174,456$164,448$155,026$123,295
7 years$166,618$155,433$144,974$135,202$126,078$95,991
8 years$144,319$133,234$122,949$113,418$104,594$76,131
9 years$126,984$116,005$105,896$96,607$88,083$61,212
10 years$113,125$102,252$92,323$83,276$75,051$49,731
11 years$101,793$91,029$81,280$72,475$64,546$40,732
12 years$92,356$81,703$72,133$63,570$55,935$33,575
13 years$84,377$73,836$64,446$56,123$48,776$27,817
14 years$77,544$67,114$57,905$49,820$42,757$23,142
15 years$71,628$61,310$52,281$44,430$37,646$19,318
16 years$66,456$56,251$47,400$39,783$33,272$16,170
17 years$61,897$51,805$43,132$35,744$29,501$13,566
18 years$57,849$47,870$39,374$32,213$26,231$11,403
19 years$54,232$44,366$36,045$29,107$23,380$9,599
20 years$50,980$41,227$33,081$26,362$20,884$8,092
21 years$48,042$38,401$30,428$23,925$18,689$6,829
22 years$45,375$35,846$28,044$21,754$16,752$5,768
23 years$42,943$33,526$25,894$19,811$15,037$4,876
24 years$40,717$31,412$23,947$18,069$13,516$4,124
25 years$38,672$29,478$22,180$16,502$12,162$3,491
26 years$36,788$27,705$20,571$15,088$10,955$2,956
27 years$35,046$26,074$19,102$13,811$9,877$2,504
28 years$33,432$24,569$17,757$12,654$8,912$2,121
29 years$31,931$23,178$16,525$11,604$8,048$1,798
30 years$30,534$21,889$15,392$10,649$7,272$1,524
31 years$29,228$20,693$14,350$9,780$6,574$1,293
32 years$28,007$19,579$13,389$8,989$5,947$1,096
33 years$26,863$18,542$12,501$8,266$5,382$930
34 years$25,788$17,574$11,680$7,605$4,873$789
35 years$24,776$16,668$10,920$7,001$4,413$669
36 years$23,823$15,821$10,216$6,448$3,999$568
37 years$22,924$15,026$9,562$5,941$3,624$482
38 years$22,074$14,280$8,954$5,476$3,286$409
39 years$21,270$13,579$8,389$5,049$2,980$347
40 years$20,507$12,919$7,863$4,657$2,703$294
41 years$19,784$12,298$7,373$4,297$2,452$250
42 years$19,097$11,712$6,916$3,965$2,225$212
43 years$18,444$11,159$6,490$3,660$2,019$180
44 years$17,822$10,637$6,092$3,380$1,833$153
45 years$17,230$10,143$5,720$3,121$1,664$130
46 years$16,665$9,676$5,372$2,883$1,511$110
47 years$16,125$9,234$5,047$2,664$1,372$93
48 years$15,610$8,815$4,743$2,461$1,246$79
49 years$15,117$8,418$4,458$2,275$1,131$67
50 years$14,645$8,041$4,191$2,103$1,028$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,000,000, adding $5,346 every year, while hoping to spend $32,501 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: 28/49/23 Blend
52$15,000,000$15,000,000$15,000,000$15,000,000
53$16,535,514$15,740,514$15,508,014$16,878,980
54$18,187,556$16,477,219$15,992,952$17,885,097
55$20,007,017$17,248,932$16,493,046$18,962,118
56$22,010,939$18,057,336$17,008,769$20,118,634
57$24,218,102$18,904,193$17,540,610$21,361,460
58$26,649,200$19,791,350$18,089,072$22,698,052
59$29,327,037$20,720,745$18,654,675$24,136,564
60$32,276,741$21,694,408$19,237,953$25,685,922
61$35,526,003$22,714,469$19,839,459$27,355,896
62$39,105,337$23,783,159$20,459,762$29,157,183
63$43,048,366$24,902,819$21,099,449$31,101,502
64$47,392,144$26,075,902$21,759,126$33,201,690
65$52,177,503$27,304,981$22,439,416$35,471,817
66$57,449,436$28,592,752$23,140,964$37,927,305
67$63,257,525$29,942,044$23,864,433$40,585,067
68$69,656,409$31,355,821$24,610,509$43,463,646
69$76,706,298$32,837,191$25,379,896$46,583,387
70$84,473,542$34,389,415$26,173,323$49,966,612
71$93,031,254$36,015,907$26,991,541$53,637,816
72$102,460,008$37,720,253$27,835,324$57,623,886
73$112,848,591$39,506,208$28,705,469$61,954,338
74$124,294,846$41,377,710$29,602,801$66,661,584
75$136,906,594$43,338,891$30,528,168$71,781,218
76$150,802,650$45,394,081$31,482,446$77,352,336
77$166,113,950$47,547,820$32,466,537$83,417,887
78$182,984,778$49,804,869$33,481,371$90,025,061
79$201,574,138$52,170,220$34,527,910$97,225,714
80$222,057,248$54,649,108$35,607,143$105,076,837
81$244,627,195$57,247,023$36,720,090$113,641,074
82$269,496,760$59,969,718$37,867,804$122,987,289
83$296,900,425$62,823,229$39,051,371$133,191,193
84$327,096,586$65,813,885$40,271,909$144,336,037
85$360,369,994$68,948,321$41,530,574$156,513,368
86$397,034,440$72,233,496$42,828,555$169,823,871
87$437,435,720$75,676,705$44,167,079$184,378,285
88$481,954,900$79,285,600$45,547,413$200,298,426
89$531,011,910$83,068,204$46,970,861$217,718,303
90$585,069,509$87,032,931$48,438,769$236,785,348
91$644,637,657$91,188,602$49,952,526$257,661,780
92$710,278,324$95,544,470$51,513,561$280,526,097
93$782,610,799$100,110,235$53,123,352$305,574,723
94$862,317,536$104,896,071$54,783,419$333,023,828
95$950,150,593$109,912,647$56,495,332$363,111,323
96$1,046,938,737$115,171,151$58,260,709$396,099,070
97$1,153,595,264$120,683,313$60,081,220$432,275,300
98$1,271,126,624$126,461,438$61,958,583$471,957,299
99$1,400,641,919$132,518,428$63,894,575$515,494,343
100$1,543,363,375$138,867,812$65,891,024$563,270,954