Can I retire at age 53 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,241,996
2 years$654,092$641,910$630,104$618,657$607,554$573,670
3 years$431,730$419,495$407,719$396,379$385,457$352,617
4 years$320,570$308,373$296,715$285,569$274,911$243,367
5 years$253,892$241,768$230,263$219,344$208,983$178,822
6 years$209,455$197,422$186,087$175,411$165,361$136,611
7 years$177,726$165,795$154,639$144,215$134,483$107,147
8 years$153,940$142,117$131,146$120,979$111,567$85,630
9 years$135,450$123,738$112,956$103,047$93,955$69,396
10 years$120,667$109,069$98,478$88,828$80,054$56,841
11 years$108,579$97,098$86,698$77,307$68,850$46,946
12 years$98,513$87,150$76,942$67,808$59,664$39,031
13 years$90,002$78,758$68,743$59,865$52,028$32,623
14 years$82,714$71,589$61,766$53,141$45,607$27,385
15 years$76,403$65,398$55,766$47,392$40,156$23,070
16 years$70,886$60,001$50,560$42,435$35,490$19,492
17 years$66,023$55,259$46,008$38,127$31,468$16,509
18 years$61,706$51,062$41,999$34,360$27,980$14,011
19 years$57,847$47,323$38,448$31,048$24,939$11,911
20 years$54,379$43,975$35,286$28,120$22,276$10,141
21 years$51,245$40,961$32,456$25,520$19,935$8,644
22 years$48,400$38,236$29,913$23,204$17,869$7,375
23 years$45,806$35,761$27,620$21,132$16,040$6,299
24 years$43,431$33,506$25,544$19,274$14,417$5,383
25 years$41,250$31,444$23,659$17,602$12,973$4,604
26 years$39,241$29,552$21,942$16,094$11,686$3,939
27 years$37,383$27,812$20,375$14,731$10,536$3,372
28 years$35,661$26,207$18,941$13,497$9,506$2,888
29 years$34,060$24,723$17,627$12,377$8,584$2,474
30 years$32,569$23,348$16,418$11,359$7,756$2,120
31 years$31,177$22,072$15,306$10,433$7,012$1,817
32 years$29,875$20,885$14,281$9,588$6,343$1,558
33 years$28,654$19,778$13,334$8,817$5,741$1,336
34 years$27,507$18,745$12,459$8,112$5,197$1,145
35 years$26,428$17,779$11,648$7,468$4,708$982
36 years$25,412$16,875$10,897$6,878$4,265$843
37 years$24,452$16,028$10,199$6,337$3,866$723
38 years$23,546$15,232$9,551$5,841$3,505$620
39 years$22,688$14,484$8,948$5,385$3,178$532
40 years$21,875$13,780$8,387$4,967$2,883$457
41 years$21,103$13,118$7,864$4,583$2,615$392
42 years$20,370$12,493$7,377$4,230$2,373$336
43 years$19,674$11,903$6,922$3,904$2,154$289
44 years$19,010$11,346$6,498$3,605$1,955$248
45 years$18,378$10,820$6,101$3,329$1,775$213
46 years$17,776$10,322$5,731$3,075$1,611$182
47 years$17,200$9,850$5,384$2,841$1,463$157
48 years$16,650$9,403$5,059$2,625$1,329$134
49 years$16,125$8,979$4,755$2,426$1,207$115
50 years$15,622$8,577$4,471$2,243$1,096$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,000,000, adding $3,849 every year, while hoping to spend $33,199 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: 55/39/6 Blend
52$16,000,000$16,000,000$16,000,000$16,000,000
53$17,635,970$16,787,970$16,539,970$18,582,625
54$19,399,516$17,575,257$17,058,736$20,008,800
55$21,341,830$18,400,009$17,593,767$21,556,714
56$23,481,113$19,264,025$18,145,575$23,241,117
57$25,837,419$20,169,195$18,714,683$25,074,970
58$28,432,846$21,117,496$19,301,636$27,072,510
59$31,291,748$22,111,005$19,906,993$29,249,380
60$34,440,958$23,151,896$20,531,329$31,622,770
61$37,910,048$24,242,451$21,175,240$34,211,575
62$41,731,602$25,385,060$21,839,340$37,036,559
63$45,941,529$26,582,231$22,524,261$40,120,553
64$50,579,397$27,836,593$23,230,656$43,488,654
65$55,688,811$29,150,901$23,959,198$47,168,460
66$61,317,819$30,528,045$24,710,581$51,190,320
67$67,519,372$31,971,055$25,485,521$55,587,609
68$74,351,819$33,483,107$26,284,757$60,397,040
69$81,879,457$35,067,532$27,109,049$65,658,992
70$90,173,142$36,727,822$27,959,183$71,417,890
71$99,310,956$38,467,639$28,835,969$77,722,606
72$109,378,942$40,290,821$29,740,242$84,626,914
73$120,471,917$42,201,395$30,672,863$92,189,983
74$132,694,371$44,203,581$31,634,722$100,476,926
75$146,161,445$46,301,805$32,626,734$109,559,399
76$161,000,027$48,500,708$33,649,844$119,516,264
77$177,349,943$50,805,156$34,705,027$130,434,323
78$195,365,280$53,220,251$35,793,288$142,409,117
79$215,215,838$55,751,344$36,915,663$155,545,815
80$237,088,738$58,404,044$38,073,222$169,960,192
81$261,190,181$61,184,234$39,267,067$185,779,703
82$287,747,401$64,098,082$40,498,335$203,144,668
83$317,010,806$67,152,058$41,768,199$222,209,579
84$349,256,343$70,352,944$43,077,868$243,144,537
85$384,788,103$73,707,851$44,428,590$266,136,839
86$423,941,192$77,224,239$45,821,651$291,392,724
87$467,084,895$80,909,928$47,258,377$319,139,298
88$514,626,159$84,773,119$48,740,138$349,626,652
89$567,013,438$88,822,413$50,268,343$383,130,199
90$624,740,925$93,066,827$51,844,449$419,953,250
91$688,353,218$97,515,820$53,469,956$460,429,847
92$758,450,458$102,179,308$55,146,412$504,927,892
93$835,694,002$107,067,690$56,875,414$553,852,585
94$920,812,657$112,191,874$58,658,607$607,650,221
95$1,014,609,568$117,563,296$60,497,691$666,812,369
96$1,117,969,796$123,193,949$62,394,415$731,880,482
97$1,231,868,673$129,096,411$64,350,586$803,450,966
98$1,357,381,013$135,283,871$66,368,066$882,180,777
99$1,495,691,257$141,770,161$68,448,777$968,793,583
100$1,648,104,653$148,569,787$70,594,699$1,064,086,553