Can I retire at age 53 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,244,572
2 years$641,827$629,874$618,289$607,057$596,162$588,728
3 years$423,635$411,630$400,074$388,947$378,230$370,961
4 years$314,560$302,591$291,151$280,215$269,757$262,708
5 years$249,132$237,235$225,945$215,232$205,065$198,258
6 years$205,527$193,720$182,598$172,122$162,261$155,704
7 years$174,394$162,686$151,739$141,511$131,961$125,658
8 years$151,054$139,452$128,687$118,710$109,475$103,426
9 years$132,910$121,418$110,838$101,115$92,194$86,397
10 years$118,404$107,024$96,631$87,162$78,553$73,006
11 years$106,543$95,277$85,073$75,857$67,559$62,257
12 years$96,666$85,516$75,500$66,537$58,545$53,484
13 years$88,315$77,281$67,454$58,742$51,052$46,228
14 years$81,163$70,247$60,608$52,145$44,752$40,158
15 years$74,970$64,171$54,721$46,504$39,403$35,034
16 years$69,557$58,876$49,612$41,639$34,825$30,674
17 years$64,785$54,223$45,145$37,412$30,878$26,939
18 years$60,549$50,104$41,212$33,716$27,455$23,721
19 years$56,763$46,436$37,727$30,465$24,472$20,935
20 years$53,359$43,151$34,624$27,592$21,858$18,513
21 years$50,284$40,193$31,848$25,042$19,561$16,400
22 years$47,492$37,519$29,353$22,769$17,533$14,549
23 years$44,947$35,091$27,102$20,736$15,739$12,925
24 years$42,617$32,878$25,065$18,912$14,147$11,495
25 years$40,477$30,854$23,215$17,272$12,730$10,234
26 years$38,505$28,998$21,531$15,792$11,467$9,119
27 years$36,682$27,290$19,993$14,455$10,338$8,133
28 years$34,992$25,716$18,586$13,244$9,328$7,258
29 years$33,421$24,260$17,296$12,145$8,423$6,481
30 years$31,958$22,911$16,111$11,146$7,611$5,791
31 years$30,592$21,658$15,019$10,237$6,881$5,177
32 years$29,314$20,493$14,013$9,408$6,224$4,630
33 years$28,116$19,407$13,084$8,651$5,633$4,142
34 years$26,991$18,394$12,225$7,960$5,100$3,707
35 years$25,933$17,446$11,430$7,328$4,619$3,319
36 years$24,935$16,559$10,692$6,749$4,185$2,972
37 years$23,994$15,727$10,008$6,218$3,793$2,662
38 years$23,104$14,946$9,372$5,731$3,439$2,385
39 years$22,262$14,213$8,780$5,284$3,119$2,137
40 years$21,464$13,522$8,230$4,874$2,829$1,916
41 years$20,707$12,872$7,717$4,497$2,566$1,717
42 years$19,988$12,259$7,239$4,150$2,329$1,540
43 years$19,305$11,680$6,793$3,831$2,113$1,381
44 years$18,654$11,133$6,376$3,537$1,918$1,238
45 years$18,034$10,617$5,987$3,267$1,741$1,110
46 years$17,442$10,128$5,623$3,018$1,581$996
47 years$16,878$9,665$5,283$2,788$1,436$893
48 years$16,338$9,227$4,964$2,576$1,304$801
49 years$15,822$8,811$4,666$2,381$1,184$719
50 years$15,329$8,417$4,387$2,201$1,076$645

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $15,700,000, adding $6,746 every year, while hoping to spend $57,678 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: 70/18/12 Blend
52$15,700,000$15,700,000$15,700,000$15,700,000
53$17,308,358$16,476,258$16,232,908$18,475,334
54$19,012,442$17,222,226$16,715,342$19,996,305
55$20,888,409$18,002,813$17,212,004$21,652,575
56$22,953,731$18,819,655$17,723,310$23,463,581
57$25,227,658$19,674,465$18,249,688$25,444,548
58$27,731,405$20,569,039$18,791,578$27,612,236
59$30,488,345$21,505,259$19,349,433$29,985,086
60$33,524,236$22,485,097$19,923,718$32,583,398
61$36,867,460$23,510,618$20,514,914$35,429,516
62$40,549,290$24,583,987$21,123,513$38,548,034
63$44,604,189$25,707,474$21,750,023$41,966,029
64$49,070,133$26,883,457$22,394,965$45,713,308
65$53,988,966$28,114,427$23,058,876$49,822,688
66$59,406,802$29,402,995$23,742,310$54,330,303
67$65,374,452$30,751,898$24,445,834$59,275,935
68$71,947,910$32,164,004$25,170,032$64,703,393
69$79,188,876$33,642,320$25,915,508$70,660,915
70$87,165,342$35,189,994$26,682,878$77,201,622
71$95,952,233$36,810,330$27,472,780$84,384,012
72$105,632,111$38,506,787$28,285,869$92,272,510
73$116,295,959$40,282,991$29,122,818$100,938,068
74$128,044,034$42,142,745$29,984,320$110,458,829
75$140,986,819$44,090,033$30,871,087$120,920,860
76$155,246,059$46,129,030$31,783,854$132,418,955
77$170,955,918$48,264,113$32,723,374$145,057,528
78$188,264,237$50,499,870$33,690,422$158,951,587
79$207,333,936$52,841,110$34,685,798$174,227,814
80$228,344,546$55,292,873$35,710,321$191,025,756
81$251,493,909$57,860,442$36,764,835$209,499,128
82$277,000,040$60,549,357$37,850,210$229,817,264
83$305,103,190$63,365,422$38,967,339$252,166,697
84$336,068,110$66,314,722$40,117,139$276,752,922
85$370,186,550$69,403,636$41,300,555$303,802,315
86$407,780,015$72,638,851$42,518,561$333,564,270
87$449,202,798$76,027,376$43,772,154$366,313,536
88$494,845,325$79,576,559$45,062,363$402,352,803
89$545,137,841$83,294,103$46,390,245$442,015,548
90$600,554,470$87,188,084$47,756,888$485,669,171
91$661,617,691$91,266,965$49,163,408$533,718,448
92$728,903,271$95,539,621$50,610,958$586,609,345
93$803,045,698$100,015,356$52,100,718$644,833,210
94$884,744,172$104,703,922$53,633,905$708,931,400
95$974,769,207$109,615,543$55,211,771$779,500,375
96$1,073,969,901$114,760,940$56,835,600$857,197,312
97$1,183,281,955$120,151,349$58,506,716$942,746,298
98$1,303,736,502$125,798,554$60,226,479$1,036,945,144
99$1,436,469,847$131,714,904$61,996,287$1,140,672,900
100$1,582,734,187$137,913,350$63,817,579$1,254,898,137