Can I retire at age 53 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,208,669
2 years$629,563$617,838$606,475$595,457$584,770$565,327
3 years$415,540$403,764$392,429$381,515$371,002$352,069
4 years$308,549$296,809$285,588$274,860$264,602$246,325
5 years$244,371$232,702$221,628$211,119$201,146$183,578
6 years$201,600$190,019$179,108$168,834$159,160$142,321
7 years$171,061$159,577$148,840$138,807$129,440$113,336
8 years$148,168$136,787$126,228$116,442$107,383$92,011
9 years$130,371$119,098$108,720$99,183$90,432$75,783
10 years$116,142$104,979$94,785$85,497$77,052$63,116
11 years$104,507$93,457$83,447$74,408$66,268$53,029
12 years$94,819$83,882$74,057$65,265$57,426$44,868
13 years$86,627$75,805$66,165$57,620$50,077$38,182
14 years$79,612$68,904$59,450$51,148$43,897$32,646
15 years$73,538$62,945$53,675$45,615$38,650$28,022
16 years$68,228$57,751$48,664$40,844$34,159$24,132
17 years$63,548$53,187$44,283$36,698$30,288$20,840
18 years$59,392$49,147$40,424$33,072$26,931$18,040
19 years$55,678$45,549$37,006$29,883$24,004$15,647
20 years$52,340$42,326$33,963$27,065$21,441$13,595
21 years$49,323$39,425$31,239$24,563$19,187$11,829
22 years$46,585$36,802$28,792$22,334$17,198$10,306
23 years$44,088$34,420$26,584$20,340$15,438$8,989
24 years$41,803$32,249$24,586$18,551$13,876$7,848
25 years$39,704$30,264$22,771$16,942$12,487$6,857
26 years$37,769$28,444$21,119$15,491$11,247$5,995
27 years$35,981$26,769$19,611$14,179$10,141$5,246
28 years$34,323$25,224$18,231$12,991$9,150$4,592
29 years$32,783$23,796$16,966$11,913$8,262$4,022
30 years$31,348$22,473$15,803$10,933$7,465$3,524
31 years$30,008$21,244$14,732$10,041$6,749$3,088
32 years$28,754$20,101$13,746$9,228$6,105$2,708
33 years$27,579$19,036$12,834$8,486$5,525$2,375
34 years$26,475$18,042$11,992$7,808$5,003$2,083
35 years$25,437$17,113$11,211$7,188$4,531$1,828
36 years$24,459$16,242$10,488$6,620$4,105$1,604
37 years$23,535$15,427$9,817$6,099$3,721$1,408
38 years$22,663$14,661$9,193$5,622$3,373$1,236
39 years$21,837$13,941$8,613$5,183$3,059$1,085
40 years$21,054$13,264$8,073$4,781$2,775$953
41 years$20,312$12,626$7,570$4,411$2,517$837
42 years$19,606$12,024$7,101$4,071$2,284$735
43 years$18,936$11,457$6,663$3,758$2,073$645
44 years$18,297$10,921$6,254$3,470$1,882$567
45 years$17,689$10,414$5,873$3,204$1,708$498
46 years$17,109$9,934$5,516$2,960$1,551$437
47 years$16,555$9,481$5,182$2,735$1,408$384
48 years$16,026$9,050$4,869$2,527$1,279$337
49 years$15,520$8,643$4,577$2,335$1,162$296
50 years$15,036$8,256$4,303$2,159$1,055$260

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,400,000, adding $4,187 every year, while hoping to spend $24,104 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$15,400,000$15,400,000$15,400,000$15,400,000
53$16,975,119$16,158,919$15,920,219$17,526,152
54$18,680,935$16,925,059$16,427,900$18,692,123
55$20,559,936$17,727,933$16,951,780$19,950,826
56$22,629,761$18,569,314$17,492,377$21,312,877
57$24,909,850$19,451,063$18,050,224$22,787,805
58$27,421,621$20,375,132$18,625,873$24,386,067
59$30,188,677$21,343,565$19,219,891$26,119,141
60$33,237,031$22,358,507$19,832,866$27,999,631
61$36,595,343$23,422,209$20,465,402$30,041,376
62$40,295,199$24,537,029$21,118,125$32,259,576
63$44,371,406$25,705,440$21,791,678$34,670,929
64$48,862,317$26,930,034$22,486,727$37,293,780
65$53,810,200$28,213,532$23,203,959$40,148,287
66$59,261,631$29,558,785$23,944,082$43,256,605
67$65,267,935$30,968,784$24,707,826$46,643,083
68$71,885,673$32,446,663$25,495,947$50,334,490
69$79,177,174$33,995,712$26,309,223$54,360,255
70$87,211,121$35,619,377$27,148,458$58,752,737
71$96,063,204$37,321,275$28,014,480$63,547,520
72$105,816,830$39,105,197$28,908,145$68,783,739
73$116,563,915$40,975,120$29,830,335$74,504,439
74$128,405,746$42,935,212$30,781,963$80,756,970
75$141,453,942$44,989,847$31,763,969$87,593,421
76$155,831,504$47,143,610$32,777,322$95,071,100
77$171,673,979$49,401,308$33,823,023$103,253,063
78$189,130,737$51,767,985$34,902,108$112,208,696
79$208,366,385$54,248,929$36,015,641$122,014,354
80$229,562,315$56,849,685$37,164,723$132,754,070
81$252,918,420$59,576,068$38,350,490$144,520,331
82$278,654,981$62,434,178$39,574,114$157,414,933
83$307,014,746$65,430,410$40,836,804$171,549,931
84$338,265,221$68,571,471$42,139,808$187,048,674
85$372,701,197$71,864,397$43,484,415$204,046,955
86$410,647,529$75,316,562$44,871,953$222,694,269
87$452,462,208$78,935,704$46,303,794$243,155,210
88$498,539,735$82,729,936$47,781,353$265,610,998
89$549,314,852$86,707,766$49,306,092$290,261,176
90$605,266,638$90,878,118$50,879,518$317,325,459
91$666,923,039$95,250,350$52,503,186$347,045,797
92$734,865,849$99,834,277$54,178,701$379,688,624
93$809,736,199$104,640,190$55,907,722$415,547,354
94$892,240,617$109,678,885$57,691,956$454,945,119
95$983,157,693$114,961,683$59,533,169$498,237,793
96$1,083,345,429$120,500,457$61,433,182$545,817,321
97$1,193,749,342$126,307,659$63,393,873$598,115,389
98$1,315,411,389$132,396,348$65,417,182$655,607,464
99$1,449,479,802$138,780,221$67,505,109$718,817,252
100$1,597,219,932$145,473,642$69,659,720$788,321,602