Can I retire at age 53 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,199,792
2 years$633,651$621,850$610,413$599,324$588,568$552,391
3 years$418,238$406,386$394,978$383,993$373,411$338,391
4 years$310,552$298,737$287,443$276,645$266,320$232,724
5 years$245,958$234,213$223,067$212,490$202,452$170,373
6 years$202,909$191,253$180,271$169,930$160,194$129,659
7 years$172,172$160,614$149,806$139,709$130,280$101,291
8 years$149,130$137,676$127,048$117,198$108,080$80,619
9 years$131,217$119,871$109,426$99,827$91,019$65,057
10 years$116,896$105,661$95,400$86,052$77,553$53,055
11 years$105,186$94,064$83,989$74,891$66,698$43,623
12 years$95,434$84,426$74,538$65,689$57,799$36,101
13 years$87,190$76,297$66,595$57,994$50,402$30,032
14 years$80,129$69,352$59,836$51,480$44,182$25,089
15 years$74,015$63,354$54,024$45,911$38,901$21,031
16 years$68,671$58,126$48,980$41,109$34,381$17,680
17 years$63,960$53,532$44,570$36,936$30,485$14,898
18 years$59,778$49,466$40,687$33,287$27,106$12,579
19 years$56,040$45,845$37,247$30,077$24,160$10,637
20 years$52,680$42,601$34,183$27,241$21,580$9,008
21 years$49,644$39,681$31,442$24,723$19,312$7,637
22 years$46,887$37,041$28,979$22,479$17,310$6,481
23 years$44,374$34,644$26,757$20,472$15,539$5,505
24 years$42,074$32,459$24,745$18,671$13,966$4,679
25 years$39,961$30,461$22,919$17,052$12,568$3,979
26 years$38,014$28,628$21,256$15,591$11,320$3,385
27 years$36,214$26,943$19,738$14,271$10,206$2,881
28 years$34,546$25,388$18,349$13,075$9,209$2,454
29 years$32,996$23,951$17,076$11,990$8,316$2,090
30 years$31,551$22,619$15,905$11,004$7,514$1,780
31 years$30,203$21,382$14,828$10,106$6,793$1,517
32 years$28,941$20,232$13,835$9,288$6,145$1,293
33 years$27,758$19,160$12,918$8,541$5,561$1,102
34 years$26,647$18,159$12,070$7,859$5,035$940
35 years$25,602$17,224$11,284$7,234$4,560$801
36 years$24,618$16,348$10,556$6,663$4,132$683
37 years$23,688$15,527$9,880$6,139$3,745$583
38 years$22,810$14,756$9,252$5,658$3,395$497
39 years$21,979$14,031$8,669$5,217$3,079$424
40 years$21,191$13,350$8,125$4,812$2,793$362
41 years$20,444$12,708$7,619$4,440$2,534$308
42 years$19,734$12,102$7,147$4,097$2,299$263
43 years$19,059$11,531$6,706$3,782$2,086$225
44 years$18,416$10,992$6,295$3,492$1,894$192
45 years$17,804$10,482$5,911$3,225$1,719$163
46 years$17,220$9,999$5,551$2,979$1,561$139
47 years$16,663$9,542$5,216$2,752$1,417$119
48 years$16,130$9,109$4,901$2,543$1,287$101
49 years$15,621$8,699$4,607$2,351$1,169$87
50 years$15,133$8,309$4,331$2,173$1,062$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,500,000, adding $6,941 every year, while hoping to spend $30,300 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: 68/6/26 Blend
52$15,500,000$15,500,000$15,500,000$15,500,000
53$17,088,160$16,266,660$16,026,410$18,134,883
54$18,798,913$17,031,487$16,531,055$19,603,787
55$20,683,148$17,832,775$17,051,591$21,206,145
56$22,758,527$18,672,279$17,588,518$22,958,552
57$25,044,514$19,551,839$18,142,350$24,875,847
58$27,562,557$20,473,382$18,713,622$26,974,366
59$30,336,291$21,438,931$19,302,882$29,272,097
60$33,391,760$22,450,605$19,910,696$31,788,840
61$36,757,664$23,510,629$20,537,648$34,546,399
62$40,465,628$24,621,333$21,184,342$37,568,781
63$44,550,503$25,785,159$21,851,398$40,882,425
64$49,050,693$27,004,670$22,539,458$44,516,440
65$54,008,517$28,282,552$23,249,184$48,502,888
66$59,470,611$29,621,623$23,981,257$52,877,075
67$65,488,365$31,024,834$24,736,381$57,677,886
68$72,118,411$32,495,283$25,515,281$62,948,148
69$79,423,153$34,036,216$26,318,707$68,735,032
70$87,471,362$35,651,038$27,147,431$75,090,492
71$96,338,820$37,343,318$28,002,250$82,071,756
72$106,109,038$39,116,799$28,883,984$89,741,859
73$116,874,044$40,975,406$29,793,481$98,170,240
74$128,735,249$42,923,254$30,731,616$107,433,385
75$141,804,410$44,964,659$31,699,290$117,615,554
76$156,204,677$47,104,144$32,697,433$128,809,566
77$172,071,762$49,346,455$33,727,005$141,117,675
78$189,555,217$51,696,567$34,788,995$154,652,528
79$208,819,847$54,159,696$35,884,424$169,538,226
80$230,047,264$56,741,314$37,014,345$185,911,490
81$253,437,603$59,447,157$38,179,844$203,922,946
82$279,211,410$62,283,239$39,382,041$223,738,542
83$307,611,726$65,255,870$40,622,091$245,541,110
84$338,906,378$68,371,663$41,901,187$269,532,086
85$373,390,509$71,637,555$43,220,557$295,933,406
86$411,389,366$75,060,820$44,581,470$324,989,596
87$453,261,366$78,649,085$45,985,234$356,970,071
88$499,401,484$82,410,349$47,433,199$392,171,675
89$550,244,979$86,353,000$48,926,754$430,921,476
90$606,271,504$90,485,834$50,467,338$473,579,847
91$668,009,632$94,818,075$52,056,429$520,543,859
92$736,041,851$99,359,397$53,695,555$572,251,021
93$811,010,056$104,119,943$55,386,292$629,183,409
94$893,621,613$109,110,353$57,130,265$691,872,201
95$984,656,039$114,341,781$58,929,150$760,902,687
96$1,084,972,353$119,825,927$60,784,675$836,919,784
97$1,195,517,196$125,575,060$62,698,624$920,634,118
98$1,317,333,760$131,602,047$64,672,838$1,012,828,720
99$1,451,571,638$137,920,382$66,709,212$1,114,366,408
100$1,599,497,679$144,544,215$68,809,705$1,226,197,926