Can I retire at age 53 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,263,088
2 years$658,180$645,922$634,042$622,523$611,351$590,504
3 years$434,428$422,117$410,267$398,857$387,866$367,570
4 years$322,574$310,301$298,569$287,354$276,629$257,040
5 years$255,479$243,280$231,702$220,715$210,289$191,464
6 years$210,764$198,656$187,250$176,508$166,395$148,354
7 years$178,837$166,831$155,605$145,117$135,323$118,074
8 years$154,902$143,005$131,966$121,735$112,264$95,802
9 years$136,297$124,512$113,662$103,691$94,542$78,859
10 years$121,421$109,751$99,093$89,383$80,555$65,638
11 years$109,257$97,705$87,240$77,790$69,280$55,113
12 years$99,129$87,694$77,423$68,232$60,036$46,602
13 years$90,565$79,250$69,173$60,239$52,353$39,631
14 years$83,231$72,036$62,152$53,473$45,892$33,862
15 years$76,880$65,806$56,115$47,689$40,407$29,046
16 years$71,329$60,376$50,876$42,700$35,712$24,996
17 years$66,436$55,604$46,295$38,366$31,665$21,571
18 years$62,092$51,381$42,262$34,575$28,155$18,659
19 years$58,209$47,619$38,689$31,242$25,095$16,172
20 years$54,719$44,250$35,506$28,295$22,415$14,041
21 years$51,565$41,217$32,659$25,680$20,059$12,208
22 years$48,702$38,475$30,100$23,349$17,980$10,628
23 years$46,092$35,985$27,792$21,264$16,140$9,263
24 years$43,703$33,715$25,703$19,394$14,507$8,080
25 years$41,508$31,640$23,806$17,712$13,054$7,054
26 years$39,486$29,737$22,079$16,195$11,759$6,163
27 years$37,616$27,986$20,502$14,824$10,601$5,388
28 years$35,883$26,371$19,060$13,582$9,566$4,713
29 years$34,273$24,878$17,737$12,455$8,638$4,124
30 years$32,773$23,494$16,521$11,430$7,805$3,611
31 years$31,372$22,210$15,402$10,498$7,056$3,162
32 years$30,061$21,015$14,370$9,648$6,383$2,770
33 years$28,833$19,902$13,418$8,872$5,777$2,427
34 years$27,679$18,862$12,537$8,163$5,230$2,128
35 years$26,593$17,891$11,721$7,514$4,737$1,865
36 years$25,571$16,981$10,965$6,921$4,292$1,635
37 years$24,605$16,128$10,263$6,376$3,890$1,434
38 years$23,693$15,327$9,611$5,877$3,527$1,258
39 years$22,829$14,575$9,004$5,419$3,198$1,103
40 years$22,011$13,867$8,440$4,998$2,901$968
41 years$21,235$13,200$7,914$4,612$2,632$849
42 years$20,498$12,571$7,423$4,256$2,388$745
43 years$19,797$11,978$6,966$3,929$2,167$654
44 years$19,129$11,417$6,539$3,628$1,967$574
45 years$18,493$10,887$6,139$3,350$1,786$504
46 years$17,887$10,386$5,766$3,095$1,621$442
47 years$17,308$9,911$5,417$2,859$1,472$388
48 years$16,754$9,462$5,091$2,642$1,337$341
49 years$16,225$9,035$4,785$2,442$1,214$299
50 years$15,719$8,631$4,499$2,257$1,103$262

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,100,000, adding $6,299 every year, while hoping to spend $51,515 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: 61/33/6 Blend
52$16,100,000$16,100,000$16,100,000$16,100,000
53$17,748,697$16,895,397$16,645,847$18,811,396
54$19,504,253$17,668,460$17,148,672$20,295,236
55$21,437,149$18,477,677$17,666,614$21,906,950
56$23,565,419$19,324,764$18,200,127$23,664,078
57$25,908,935$20,211,521$18,749,675$25,580,631
58$28,489,596$21,139,835$19,315,738$27,672,010
59$31,331,529$22,111,681$19,898,809$29,955,152
60$34,461,323$23,129,131$20,499,398$32,448,678
61$37,908,276$24,194,357$21,118,026$35,173,066
62$41,704,674$25,309,634$21,755,233$38,150,842
63$45,886,091$26,477,347$22,411,574$41,406,779
64$50,491,730$27,699,995$23,087,620$44,968,131
65$55,564,791$28,980,198$23,783,959$48,864,881
66$61,152,874$30,320,703$24,501,196$53,130,016
67$67,308,438$31,724,388$25,239,957$57,799,834
68$74,089,284$33,194,269$26,000,881$62,914,276
69$81,559,112$34,733,509$26,784,632$68,517,297
70$89,788,113$36,345,422$27,591,888$74,657,272
71$98,853,636$38,033,483$28,423,352$81,387,441
72$108,840,918$39,801,335$29,279,745$88,766,408
73$119,843,884$41,652,793$30,161,809$96,858,681
74$131,966,041$43,591,860$31,070,311$105,735,271
75$145,321,447$45,622,732$32,006,036$115,474,351
76$160,035,794$47,749,804$32,969,797$126,161,987
77$176,247,587$49,977,687$33,962,428$137,892,933
78$194,109,460$52,311,213$34,984,788$150,771,517
79$213,789,610$54,755,447$36,037,763$164,912,615
80$235,473,386$57,315,700$37,122,264$180,442,717
81$259,365,040$59,997,538$38,239,228$197,501,110
82$285,689,654$62,806,797$39,389,622$216,241,180
83$314,695,263$65,749,595$40,574,440$236,831,841
84$346,655,201$68,832,346$41,794,705$259,459,116
85$381,870,675$72,061,774$43,051,470$284,327,877
86$420,673,611$75,444,928$44,345,822$311,663,759
87$463,429,789$78,989,199$45,678,876$341,715,275
88$510,542,292$82,702,335$47,051,784$374,756,138
89$562,455,315$86,592,458$48,465,727$411,087,831
90$619,658,353$90,668,085$49,921,925$451,042,427
91$682,690,829$94,938,144$51,421,633$494,985,705
92$752,147,177$99,411,997$52,966,142$543,320,578
93$828,682,463$104,099,459$54,556,781$596,490,872
94$913,018,560$109,010,818$56,194,919$654,985,495
95$1,005,950,969$114,156,864$57,881,965$719,343,020
96$1,108,356,326$119,548,909$59,619,369$790,156,745
97$1,221,200,678$125,198,813$61,408,625$868,080,264
98$1,345,548,603$131,119,009$63,251,269$953,833,610
99$1,482,573,257$137,322,538$65,148,883$1,048,210,013
100$1,633,567,455$143,823,068$67,103,097$1,152,083,362