Can I retire at age 53 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,307,708
2 years$678,620$665,981$653,733$641,856$630,337$614,236
3 years$447,919$435,226$423,008$411,244$399,912$384,209
4 years$332,592$319,937$307,842$296,278$285,220$270,036
5 years$263,413$250,835$238,898$227,570$216,820$202,199
6 years$217,309$204,825$193,065$181,989$171,562$157,523
7 years$184,391$172,012$160,438$149,624$139,526$126,073
8 years$159,713$147,446$136,064$125,515$115,750$102,882
9 years$140,529$128,378$117,192$106,911$97,479$85,191
10 years$125,192$113,159$102,171$92,159$83,057$71,340
11 years$112,651$100,739$89,949$80,206$71,431$60,276
12 years$102,207$90,418$79,828$70,351$61,901$51,295
13 years$93,377$81,711$71,321$62,109$53,979$43,908
14 years$85,816$74,273$64,082$55,134$47,318$37,768
15 years$79,268$67,850$57,857$49,170$41,662$32,618
16 years$73,544$62,251$52,456$44,026$36,821$28,267
17 years$68,499$57,331$47,733$39,557$32,648$24,567
18 years$64,020$52,976$43,574$35,649$29,029$21,404
19 years$60,017$49,098$39,890$32,212$25,874$18,687
20 years$56,418$45,624$36,609$29,174$23,111$16,345
21 years$53,167$42,497$33,673$26,477$20,682$14,319
22 years$50,215$39,670$31,035$24,074$18,539$12,561
23 years$47,523$37,102$28,656$21,925$16,641$11,032
24 years$45,060$34,762$26,501$19,996$14,958$9,699
25 years$42,797$32,623$24,546$18,262$13,460$8,535
26 years$40,712$30,660$22,765$16,698$12,124$7,516
27 years$38,785$28,855$21,139$15,284$10,931$6,624
28 years$36,998$27,190$19,652$14,003$9,863$5,841
29 years$35,337$25,650$18,288$12,841$8,906$5,153
30 years$33,790$24,224$17,034$11,785$8,047$4,548
31 years$32,346$22,900$15,880$10,824$7,275$4,016
32 years$30,995$21,668$14,817$9,947$6,581$3,548
33 years$29,728$20,520$13,834$9,147$5,956$3,135
34 years$28,538$19,448$12,926$8,416$5,392$2,771
35 years$27,419$18,446$12,085$7,748$4,884$2,449
36 years$26,365$17,508$11,305$7,135$4,425$2,166
37 years$25,369$16,629$10,582$6,574$4,011$1,916
38 years$24,429$15,803$9,909$6,060$3,636$1,695
39 years$23,538$15,027$9,284$5,587$3,297$1,499
40 years$22,695$14,297$8,702$5,154$2,991$1,327
41 years$21,894$13,610$8,159$4,755$2,713$1,174
42 years$21,134$12,961$7,654$4,388$2,462$1,039
43 years$20,411$12,350$7,182$4,051$2,234$920
44 years$19,723$11,772$6,742$3,740$2,028$814
45 years$19,067$11,225$6,330$3,454$1,841$721
46 years$18,442$10,709$5,945$3,191$1,672$638
47 years$17,845$10,219$5,586$2,948$1,518$565
48 years$17,275$9,756$5,249$2,724$1,379$500
49 years$16,729$9,316$4,934$2,517$1,252$443
50 years$16,207$8,899$4,638$2,327$1,137$392

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $16,600,000, adding $2,262 every year, while hoping to spend $26,624 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: 31/45/24 Blend
52$16,600,000$16,600,000$16,600,000$16,600,000
53$18,295,533$17,415,733$17,158,433$18,727,051
54$20,133,350$18,240,776$17,704,913$19,881,788
55$22,157,732$19,105,354$18,268,808$21,121,405
56$24,387,680$20,011,376$18,850,672$22,455,270
57$26,844,133$20,960,844$19,451,080$23,891,623
58$29,550,165$21,955,856$20,070,622$25,439,485
59$32,531,203$22,998,613$20,709,908$27,108,732
60$35,815,264$24,091,424$21,369,569$28,910,181
61$39,433,225$25,236,708$22,050,253$30,855,683
62$43,419,109$26,437,001$22,752,631$32,958,226
63$47,810,409$27,694,966$23,477,396$35,232,045
64$52,648,443$29,013,391$24,225,261$37,692,750
65$57,978,739$30,395,202$24,996,962$40,357,457
66$63,851,471$31,843,467$25,793,260$43,244,945
67$70,321,926$33,361,402$26,614,940$46,375,812
68$77,451,032$34,952,381$27,462,810$49,772,667
69$85,305,930$36,619,940$28,337,706$53,460,323
70$93,960,606$38,367,788$29,240,491$57,466,019
71$103,496,594$40,199,816$30,172,053$61,819,667
72$114,003,740$42,120,101$31,133,311$66,554,113
73$125,581,056$44,132,920$32,125,211$71,705,434
74$138,337,650$46,242,759$33,148,732$77,313,265
75$152,393,757$48,454,321$34,204,881$83,421,149
76$167,881,876$50,772,538$35,294,700$90,076,939
77$184,948,017$53,202,583$36,419,262$97,333,222
78$203,753,083$55,749,878$37,579,676$105,247,801
79$224,474,388$58,420,112$38,777,086$113,884,219
80$247,307,329$61,219,251$40,012,671$123,312,335
81$272,467,230$64,153,548$41,287,650$133,608,965
82$300,191,381$67,229,565$42,603,279$144,858,579
83$330,741,268$70,454,180$43,960,855$157,154,075
84$364,405,050$73,834,608$45,361,717$170,597,632
85$401,500,275$77,378,414$46,807,245$185,301,645
86$442,376,880$81,093,532$48,298,864$201,389,758
87$487,420,491$84,988,285$49,838,045$218,998,001
88$537,056,067$89,071,396$51,426,305$238,276,045
89$591,751,910$93,352,019$53,065,211$259,388,579
90$652,024,088$97,839,751$54,756,378$282,516,834
91$718,441,302$102,544,656$56,501,474$307,860,255
92$791,630,260$107,477,290$58,302,219$335,638,347
93$872,281,593$112,648,724$60,160,390$366,092,711
94$961,156,371$118,070,566$62,077,818$399,489,276
95$1,059,093,291$123,754,994$64,056,395$436,120,778
96$1,167,016,594$129,714,776$66,098,072$476,309,466
97$1,285,944,792$135,963,305$68,204,862$520,410,106
98$1,417,000,279$142,514,626$70,378,844$568,813,275
99$1,561,419,934$149,383,469$72,622,161$621,949,003
100$1,720,566,790$156,585,282$74,937,027$680,290,770