Can I retire at age 53 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,186,221
2 years$625,475$613,826$602,537$591,591$580,973$547,150
3 years$412,841$401,142$389,881$379,038$368,593$335,828
4 years$306,545$294,882$283,734$273,075$262,884$231,429
5 years$242,784$231,191$220,189$209,748$199,840$169,782
6 years$200,291$188,785$177,945$167,737$158,127$129,493
7 years$169,950$158,541$147,873$137,906$128,599$101,391
8 years$147,205$135,899$125,408$115,686$106,686$80,888
9 years$129,524$118,325$108,014$98,539$89,845$65,433
10 years$115,387$104,297$94,169$84,941$76,552$53,495
11 years$103,829$92,850$82,905$73,924$65,837$44,098
12 years$94,203$83,337$73,576$64,842$57,053$36,591
13 years$86,065$75,312$65,735$57,245$49,752$30,521
14 years$79,095$68,457$59,064$50,816$43,612$25,568
15 years$73,060$62,537$53,326$45,319$38,399$21,494
16 years$67,785$57,376$48,348$40,578$33,937$18,121
17 years$63,135$52,841$43,995$36,459$30,091$15,314
18 years$59,006$48,828$40,162$32,857$26,756$12,968
19 years$55,316$45,253$36,766$29,689$23,848$11,000
20 years$52,000$42,051$33,742$26,889$21,302$9,344
21 years$49,003$39,169$31,036$24,404$19,062$7,946
22 years$46,282$36,563$28,605$22,189$17,087$6,764
23 years$43,802$34,197$26,411$20,208$15,338$5,763
24 years$41,531$32,040$24,426$18,431$13,786$4,914
25 years$39,446$30,068$22,623$16,832$12,405$4,192
26 years$37,524$28,259$20,982$15,390$11,174$3,578
27 years$35,747$26,595$19,484$14,087$10,075$3,056
28 years$34,100$25,060$18,113$12,907$9,091$2,611
29 years$32,570$23,642$16,855$11,836$8,209$2,231
30 years$31,144$22,327$15,700$10,862$7,417$1,907
31 years$29,813$21,106$14,637$9,976$6,706$1,630
32 years$28,568$19,971$13,656$9,168$6,066$1,394
33 years$27,400$18,913$12,751$8,431$5,489$1,192
34 years$26,304$17,925$11,914$7,757$4,970$1,020
35 years$25,272$17,002$11,139$7,141$4,502$873
36 years$24,300$16,137$10,420$6,577$4,079$747
37 years$23,383$15,326$9,753$6,060$3,697$639
38 years$22,516$14,566$9,133$5,585$3,351$547
39 years$21,695$13,850$8,557$5,150$3,039$468
40 years$20,918$13,178$8,020$4,750$2,757$401
41 years$20,180$12,544$7,520$4,382$2,501$343
42 years$19,479$11,946$7,054$4,044$2,269$293
43 years$18,813$11,382$6,620$3,734$2,059$251
44 years$18,179$10,850$6,214$3,447$1,869$215
45 years$17,574$10,346$5,834$3,184$1,697$184
46 years$16,998$9,870$5,480$2,941$1,541$158
47 years$16,448$9,419$5,148$2,717$1,399$135
48 years$15,922$8,992$4,838$2,511$1,271$115
49 years$15,419$8,587$4,547$2,320$1,154$99
50 years$14,938$8,202$4,275$2,145$1,048$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,300,000, adding $3,726 every year, while hoping to spend $43,434 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: 41/30/29 Blend
52$15,300,000$15,300,000$15,300,000$15,300,000
53$16,864,443$16,053,543$15,816,393$17,411,899
54$18,538,403$16,793,954$16,300,029$18,549,503
55$20,381,651$17,569,188$16,798,411$19,775,754
56$22,411,409$18,380,908$17,311,987$21,102,313
57$24,646,653$19,230,852$17,841,219$22,538,440
58$27,108,294$20,120,847$18,386,582$24,094,300
59$29,819,375$21,052,803$18,948,568$25,781,051
60$32,805,286$22,028,725$19,527,679$27,610,950
61$36,094,006$23,050,714$20,124,438$29,597,453
62$39,716,368$24,120,972$20,739,379$31,755,345
63$43,706,344$25,241,807$21,373,056$34,100,869
64$48,101,374$26,415,638$22,026,036$36,651,871
65$52,942,712$27,645,001$22,698,905$39,427,966
66$58,275,818$28,932,556$23,392,269$42,450,711
67$64,150,790$30,281,090$24,106,748$45,743,803
68$70,622,829$31,693,522$24,842,983$49,333,298
69$77,752,770$33,172,917$25,601,635$53,247,842
70$85,607,647$34,722,484$26,383,384$57,518,936
71$94,261,330$36,345,588$27,188,930$62,181,227
72$103,795,222$38,045,759$28,018,996$67,272,820
73$114,299,027$39,826,694$28,874,325$72,835,633
74$125,871,596$41,692,270$29,755,683$78,915,778
75$138,621,860$43,646,553$30,663,860$85,563,989
76$152,669,860$45,693,803$31,599,669$92,836,086
77$168,147,875$47,838,489$32,563,947$100,793,495
78$185,201,676$50,085,294$33,557,558$109,503,810
79$203,991,902$52,439,127$34,581,390$119,041,422
80$224,695,569$54,905,138$35,636,360$129,488,206
81$247,507,750$57,488,722$36,723,411$140,934,281
82$272,643,410$60,195,540$37,843,515$153,478,845
83$300,339,439$63,031,522$38,997,673$167,231,097
84$330,856,884$66,002,888$40,186,917$182,311,249
85$364,483,417$69,116,161$41,412,310$198,851,650
86$401,536,049$72,378,177$42,674,946$216,998,009
87$442,364,122$75,796,104$43,975,954$236,910,763
88$487,352,608$79,377,458$45,316,493$258,766,561
89$536,925,741$83,130,121$46,697,763$282,759,920
90$591,551,023$87,062,353$48,120,994$309,105,038
91$651,743,638$91,182,819$49,587,458$338,037,792
92$718,071,314$95,500,602$51,098,463$369,817,943
93$791,159,682$100,025,225$52,655,355$404,731,566
94$871,698,184$104,766,675$54,259,524$443,093,723
95$960,446,580$109,735,424$55,912,399$485,251,413
96$1,058,242,120$114,942,449$57,615,454$531,586,820
97$1,166,007,451$120,399,263$59,370,206$582,520,891
98$1,284,759,321$126,117,937$61,178,218$638,517,282
99$1,415,618,184$132,111,128$63,041,100$700,086,701
100$1,559,818,773$138,392,107$64,960,511$767,791,702