Can I retire at age 53 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,269,366
2 years$662,268$649,934$637,980$626,390$615,148$592,608
3 years$437,126$424,739$412,815$401,334$390,275$368,342
4 years$324,577$312,228$300,424$289,139$278,348$257,190
5 years$257,066$244,791$233,141$222,086$211,595$191,274
6 years$212,073$199,890$188,413$177,604$167,428$147,967
7 years$179,948$167,867$156,572$146,018$136,164$117,568
8 years$155,865$143,893$132,785$122,491$112,961$95,226
9 years$137,143$125,285$114,368$104,335$95,130$78,245
10 years$122,175$110,433$99,709$89,938$81,055$65,007
11 years$109,936$98,312$87,782$78,273$69,710$54,481
12 years$99,744$88,239$77,904$68,656$60,409$45,978
13 years$91,127$79,742$69,602$60,613$52,678$39,024
14 years$83,748$72,484$62,538$53,805$46,177$33,275
15 years$77,358$66,215$56,463$47,985$40,658$28,484
16 years$71,772$60,751$51,192$42,965$35,934$24,462
17 years$66,849$55,950$46,583$38,604$31,861$21,064
18 years$62,477$51,700$42,524$34,790$28,330$18,181
19 years$58,570$47,915$38,929$31,436$25,251$15,723
20 years$55,059$44,525$35,727$28,471$22,555$13,620
21 years$51,886$41,473$32,862$25,839$20,184$11,816
22 years$49,005$38,714$30,287$23,494$18,092$10,263
23 years$46,378$36,208$27,965$21,396$16,240$8,924
24 years$43,974$33,925$25,863$19,515$14,597$7,766
25 years$41,766$31,837$23,954$17,822$13,135$6,764
26 years$39,731$29,921$22,216$16,295$11,832$5,896
27 years$37,850$28,159$20,630$14,916$10,667$5,142
28 years$36,106$26,534$19,178$13,666$9,625$4,486
29 years$34,486$25,032$17,847$12,532$8,691$3,916
30 years$32,976$23,640$16,624$11,501$7,853$3,420
31 years$31,567$22,348$15,498$10,563$7,100$2,988
32 years$30,248$21,146$14,460$9,708$6,423$2,611
33 years$29,012$20,025$13,501$8,927$5,812$2,282
34 years$27,851$18,979$12,615$8,214$5,262$1,995
35 years$26,759$18,002$11,794$7,561$4,766$1,745
36 years$25,729$17,086$11,033$6,964$4,319$1,526
37 years$24,758$16,228$10,327$6,416$3,914$1,335
38 years$23,840$15,422$9,670$5,914$3,549$1,168
39 years$22,971$14,665$9,060$5,453$3,218$1,022
40 years$22,148$13,953$8,492$5,029$2,919$894
41 years$21,367$13,282$7,963$4,640$2,648$782
42 years$20,625$12,649$7,469$4,282$2,403$685
43 years$19,919$12,052$7,009$3,953$2,181$599
44 years$19,248$11,488$6,579$3,650$1,979$525
45 years$18,608$10,955$6,178$3,371$1,797$459
46 years$17,998$10,451$5,802$3,114$1,631$402
47 years$17,415$9,973$5,451$2,877$1,481$352
48 years$16,858$9,521$5,122$2,658$1,345$308
49 years$16,326$9,092$4,815$2,457$1,222$270
50 years$15,817$8,685$4,527$2,271$1,110$236

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,200,000, adding $5,274 every year, while hoping to spend $28,041 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: 47/47/6 Blend
52$16,200,000$16,200,000$16,200,000$16,200,000
53$17,857,840$16,999,240$16,748,140$18,668,580
54$19,649,504$17,802,367$17,279,367$20,028,037
55$21,622,979$18,643,908$17,827,451$21,499,138
56$23,796,778$19,525,715$18,392,926$23,094,929
57$26,191,305$20,449,731$18,976,344$24,826,968
58$28,829,042$21,417,991$19,578,276$26,707,940
59$31,734,764$22,432,633$20,199,308$28,751,766
60$34,935,772$23,495,894$20,840,047$30,973,729
61$38,462,152$24,610,124$21,501,120$33,390,606
62$42,347,054$25,777,783$22,183,170$36,020,822
63$46,627,012$27,001,452$22,886,864$38,884,613
64$51,342,283$28,283,840$23,612,890$42,004,208
65$56,537,230$29,627,782$24,361,957$45,404,026
66$62,260,740$31,036,256$25,134,795$49,110,901
67$68,566,684$32,512,381$25,932,159$53,154,320
68$75,514,429$34,059,430$26,754,829$57,566,692
69$83,169,392$35,680,834$27,603,607$62,383,643
70$91,603,665$37,380,190$28,479,323$67,644,337
71$100,896,690$39,161,271$29,382,832$73,391,831
72$111,136,012$41,028,032$30,315,016$79,673,476
73$122,418,102$42,984,622$31,276,786$86,541,339
74$134,849,271$45,035,391$32,269,081$94,052,685
75$148,546,671$47,184,901$33,292,870$102,270,502
76$163,639,404$49,437,933$34,349,153$111,264,076
77$180,269,736$51,799,505$35,438,963$121,109,631
78$198,594,445$54,274,876$36,563,363$131,891,026
79$218,786,295$56,869,561$37,723,453$143,700,533
80$241,035,673$59,589,346$38,920,364$156,639,680
81$265,552,382$62,440,295$40,155,268$170,820,198
82$292,567,625$65,428,769$41,429,369$186,365,046
83$322,336,183$68,561,439$42,743,913$203,409,552
84$355,138,824$71,845,300$44,100,184$222,102,664
85$391,284,951$75,287,687$45,499,507$242,608,335
86$431,115,525$78,896,292$46,943,250$265,107,039
87$475,006,282$82,679,184$48,432,822$289,797,451
88$523,371,281$86,644,822$49,969,680$316,898,288
89$576,666,812$90,802,079$51,555,325$346,650,351
90$635,395,705$95,160,259$53,191,306$379,318,757
91$700,112,074$99,729,119$54,879,222$415,195,415
92$771,426,553$104,518,892$56,620,723$454,601,745
93$850,012,054$109,540,311$58,417,510$497,891,671
94$936,610,125$114,804,628$60,271,339$545,454,928
95$1,032,037,951$120,323,648$62,184,021$597,720,701
96$1,137,196,063$126,109,748$64,157,427$655,161,630
97$1,253,076,845$132,175,909$66,193,485$718,298,230
98$1,380,773,901$138,535,746$68,294,184$787,703,758
99$1,521,492,378$145,203,536$70,461,578$864,009,575
100$1,676,560,344$152,194,254$72,697,785$947,911,056