Can I retire at age 53 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,264,529
2 years$674,532$661,969$649,794$637,990$626,540$575,571
3 years$445,221$432,604$420,460$408,766$397,502$348,373
4 years$330,588$318,010$305,987$294,493$283,502$236,587
5 years$261,826$249,324$237,459$226,199$215,514$170,933
6 years$216,000$203,592$191,902$180,893$170,529$128,311
7 years$183,280$170,976$159,471$148,722$138,686$98,817
8 years$158,751$146,558$135,244$124,759$115,053$77,495
9 years$139,683$127,605$116,486$106,267$96,891$61,588
10 years$124,437$112,478$101,555$91,603$82,556$49,440
11 years$111,972$100,132$89,407$79,722$71,001$39,997
12 years$101,592$89,873$79,347$69,927$61,528$32,554
13 years$92,815$81,219$70,891$61,735$53,654$26,624
14 years$85,299$73,826$63,696$54,802$47,032$21,858
15 years$78,790$67,441$57,509$48,873$41,411$18,000
16 years$73,101$61,876$52,140$43,761$36,599$14,861
17 years$68,087$56,986$47,446$39,319$32,451$12,295
18 years$63,634$52,657$43,312$35,434$28,854$10,188
19 years$59,655$48,802$39,650$32,018$25,718$8,455
20 years$56,078$45,349$36,389$28,998$22,972$7,024
21 years$52,846$42,241$33,470$26,318$20,558$5,841
22 years$49,912$39,431$30,848$23,929$18,427$4,861
23 years$47,237$36,879$28,483$21,793$16,541$4,048
24 years$44,789$34,553$26,342$19,876$14,867$3,373
25 years$42,540$32,426$24,398$18,152$13,378$2,811
26 years$40,467$30,475$22,628$16,597$12,051$2,344
27 years$38,551$28,681$21,012$15,192$10,865$1,955
28 years$36,775$27,026$19,533$13,919$9,804$1,632
29 years$35,124$25,496$18,177$12,764$8,852$1,362
30 years$33,587$24,078$16,932$11,714$7,999$1,136
31 years$32,151$22,762$15,785$10,759$7,232$949
32 years$30,808$21,537$14,727$9,887$6,541$792
33 years$29,549$20,396$13,751$9,092$5,920$661
34 years$28,367$19,331$12,848$8,366$5,360$552
35 years$27,254$18,335$12,012$7,701$4,855$461
36 years$26,206$17,403$11,237$7,092$4,399$385
37 years$25,216$16,529$10,518$6,535$3,987$322
38 years$24,281$15,708$9,849$6,023$3,614$269
39 years$23,397$14,937$9,228$5,554$3,277$224
40 years$22,558$14,211$8,649$5,123$2,973$187
41 years$21,763$13,528$8,110$4,726$2,697$157
42 years$21,007$12,883$7,608$4,362$2,447$131
43 years$20,288$12,275$7,139$4,026$2,221$109
44 years$19,604$11,701$6,701$3,718$2,016$91
45 years$18,953$11,158$6,292$3,433$1,830$76
46 years$18,331$10,644$5,910$3,171$1,662$64
47 years$17,738$10,158$5,552$2,930$1,509$53
48 years$17,171$9,697$5,217$2,707$1,370$44
49 years$16,629$9,260$4,904$2,502$1,245$37
50 years$16,110$8,846$4,610$2,313$1,130$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,500,000, adding $4,214 every year, while hoping to spend $30,608 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: 58/24/18 Blend
52$16,500,000$16,500,000$16,500,000$16,500,000
53$18,187,347$17,312,847$17,057,097$19,156,104
54$20,009,889$18,128,610$17,595,943$20,629,459
55$22,017,306$18,983,319$18,151,814$22,231,188
56$24,228,420$19,878,851$18,725,249$23,976,661
57$26,663,977$20,817,172$19,316,803$25,879,734
58$29,346,834$21,800,346$19,927,048$27,955,643
59$32,302,182$22,830,533$20,556,575$30,221,144
60$35,557,777$23,910,002$21,205,993$32,694,660
61$39,144,208$25,041,129$21,875,930$35,396,459
62$43,095,179$26,226,407$22,567,036$38,348,832
63$47,447,835$27,468,449$23,279,980$41,576,302
64$52,243,106$28,769,994$24,015,451$45,105,849
65$57,526,095$30,133,916$24,774,161$48,967,156
66$63,346,507$31,563,228$25,556,845$53,192,887
67$69,759,112$33,061,088$26,364,261$57,818,987
68$76,824,267$34,630,807$27,197,190$62,885,012
69$84,608,485$36,275,859$28,056,438$68,434,499
70$93,185,059$37,999,885$28,942,838$74,515,366
71$102,634,759$39,806,703$29,857,247$81,180,358
72$113,046,591$41,700,318$30,800,550$88,487,537
73$124,518,636$43,684,926$31,773,662$96,500,820
74$137,158,981$45,764,932$32,777,523$105,290,576
75$151,086,733$47,944,950$33,813,107$114,934,276
76$166,433,149$50,229,821$34,881,415$125,517,219
77$183,342,869$52,624,621$35,983,481$137,133,324
78$201,975,288$55,134,674$37,120,373$149,886,009
79$222,506,053$57,765,559$38,293,192$163,889,150
80$245,128,729$60,523,130$39,503,073$179,268,151
81$270,056,621$63,413,524$40,751,187$196,161,112
82$297,524,787$66,443,178$42,038,743$214,720,117
83$327,792,262$69,618,840$43,366,987$235,112,662
84$361,144,497$72,947,588$44,737,205$257,523,218
85$397,896,060$76,436,843$46,150,725$282,154,959
86$438,393,598$80,094,389$47,608,915$309,231,663
87$483,019,118$83,928,387$49,113,187$338,999,810
88$532,193,586$87,947,396$50,664,997$371,730,892
89$586,380,906$92,160,392$52,265,847$407,723,955
90$646,092,294$96,576,787$53,917,289$447,308,410
91$711,891,111$101,206,453$55,620,922$490,847,114
92$784,398,175$106,059,740$57,378,394$538,739,784
93$864,297,627$111,147,505$59,191,407$591,426,744
94$952,343,383$116,481,131$61,061,718$649,393,063
95$1,049,366,260$122,072,559$62,991,138$713,173,105
96$1,156,281,812$127,934,307$64,981,534$783,355,558
97$1,274,098,976$134,079,508$67,034,835$860,588,959
98$1,403,929,599$140,521,930$69,153,028$945,587,790
99$1,546,998,929$147,276,016$71,338,166$1,039,139,202
100$1,704,657,189$154,356,910$73,592,364$1,142,110,409