Can I retire at age 53 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,012,812
2 years$531,449$521,552$511,959$502,659$493,637$469,764
3 years$350,780$340,840$331,272$322,058$313,184$290,010
4 years$260,463$250,553$241,081$232,025$223,365$201,069
5 years$206,287$196,437$187,089$178,217$169,799$148,442
6 years$170,182$160,405$151,195$142,522$134,356$113,962
7 years$144,402$134,708$125,644$117,175$109,267$89,838
8 years$125,077$115,470$106,556$98,295$90,648$72,176
9 years$110,053$100,537$91,777$83,726$76,339$58,811
10 years$98,042$88,619$80,013$72,172$65,044$48,441
11 years$88,220$78,892$70,442$62,812$55,940$40,239
12 years$80,042$70,809$62,516$55,094$48,477$33,653
13 years$73,127$63,991$55,854$48,640$42,273$28,298
14 years$67,205$58,166$50,185$43,177$37,056$23,901
15 years$62,077$53,136$45,310$38,506$32,627$20,262
16 years$57,595$48,751$41,080$34,478$28,836$17,230
17 years$53,644$44,898$37,381$30,978$25,568$14,688
18 years$50,136$41,488$34,124$27,918$22,734$12,549
19 years$47,001$38,450$31,239$25,226$20,263$10,740
20 years$44,183$35,730$28,670$22,847$18,099$9,206
21 years$41,637$33,281$26,371$20,735$16,197$7,902
22 years$39,325$31,067$24,305$18,853$14,518$6,790
23 years$37,217$29,056$22,441$17,170$13,032$5,840
24 years$35,288$27,224$20,754$15,660$11,714$5,027
25 years$33,516$25,548$19,223$14,302$10,541$4,330
26 years$31,883$24,011$17,828$13,077$9,495$3,732
27 years$30,373$22,597$16,555$11,969$8,560$3,218
28 years$28,974$21,293$15,390$10,966$7,724$2,776
29 years$27,674$20,088$14,322$10,056$6,975$2,396
30 years$26,462$18,971$13,340$9,229$6,302$2,068
31 years$25,331$17,934$12,436$8,476$5,698$1,786
32 years$24,273$16,969$11,603$7,790$5,154$1,542
33 years$23,281$16,070$10,834$7,164$4,664$1,333
34 years$22,349$15,230$10,123$6,591$4,223$1,151
35 years$21,473$14,446$9,464$6,067$3,825$995
36 years$20,647$13,711$8,853$5,588$3,466$860
37 years$19,868$13,022$8,287$5,149$3,141$743
38 years$19,131$12,376$7,760$4,746$2,848$643
39 years$18,434$11,768$7,270$4,376$2,582$556
40 years$17,773$11,197$6,815$4,036$2,342$480
41 years$17,146$10,658$6,390$3,724$2,125$415
42 years$16,551$10,150$5,994$3,436$1,928$359
43 years$15,985$9,671$5,624$3,172$1,750$311
44 years$15,446$9,219$5,280$2,929$1,588$269
45 years$14,932$8,791$4,957$2,705$1,442$232
46 years$14,443$8,386$4,656$2,499$1,309$201
47 years$13,975$8,003$4,374$2,309$1,189$174
48 years$13,528$7,640$4,111$2,133$1,080$150
49 years$13,101$7,296$3,864$1,971$981$130
50 years$12,693$6,969$3,632$1,822$891$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $13,000,000, adding $6,395 every year, while hoping to spend $38,525 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: 38/49/13 Blend
52$13,000,000$13,000,000$13,000,000$13,000,000
53$14,332,596$13,643,596$13,442,096$14,820,433
54$15,753,531$14,271,142$13,851,416$15,796,217
55$17,318,110$14,928,147$14,273,157$16,845,857
56$19,040,943$15,616,013$14,707,695$17,979,352
57$20,938,133$16,336,210$15,155,415$19,204,253
58$23,027,418$17,090,280$15,616,717$20,528,835
59$25,328,348$17,879,838$16,092,011$21,962,170
60$27,862,466$18,706,576$16,581,720$23,514,205
61$30,653,509$19,572,269$17,086,279$25,195,851
62$33,727,633$20,478,777$17,606,136$27,019,079
63$37,113,664$21,428,049$18,141,753$28,997,022
64$40,843,362$22,422,128$18,693,607$31,144,096
65$44,951,729$23,463,157$19,262,187$33,476,125
66$49,477,334$24,553,380$19,847,998$36,010,481
67$54,462,677$25,695,150$20,451,561$38,766,242
68$59,954,592$26,890,935$21,073,410$41,764,360
69$66,004,689$28,143,320$21,714,099$45,027,851
70$72,669,841$29,455,015$22,374,194$48,581,999
71$80,012,717$30,828,863$23,054,282$52,454,589
72$88,102,379$32,267,842$23,754,965$56,676,153
73$97,014,929$33,775,075$24,476,864$61,280,247
74$106,834,233$35,353,834$25,220,620$66,303,760
75$117,652,704$37,007,552$25,986,890$71,787,244
76$129,572,183$38,739,825$26,776,354$77,775,285
77$142,704,894$40,554,425$27,589,711$84,316,912
78$157,174,507$42,455,305$28,427,680$91,466,041
79$173,117,302$44,446,610$29,291,002$99,281,971
80$190,683,459$46,532,686$30,180,443$107,829,927
81$210,038,472$48,718,088$31,096,788$117,181,660
82$231,364,713$51,007,591$32,040,847$127,416,104
83$254,863,153$53,406,203$33,013,455$138,620,103
84$280,755,261$55,919,173$34,015,472$150,889,212
85$309,285,089$58,552,004$35,047,782$164,328,581
86$340,721,583$61,310,467$36,111,298$179,053,920
87$375,361,116$64,200,611$37,206,958$195,192,575
88$413,530,288$67,228,780$38,335,729$212,884,704
89$455,589,010$70,401,622$39,498,608$232,284,574
90$501,933,898$73,726,110$40,696,620$253,561,995
91$553,002,021$77,209,555$41,930,822$276,903,893
92$609,275,024$80,859,621$43,202,302$302,516,050
93$671,283,679$84,684,344$44,512,181$330,625,010
94$739,612,888$88,692,151$45,861,613$361,480,196
95$814,907,212$92,891,875$47,251,786$395,356,224
96$897,876,951$97,292,782$48,683,926$432,555,466
97$989,304,855$101,904,582$50,159,291$473,410,868
98$1,090,053,505$106,737,461$51,679,182$518,289,054
99$1,201,073,463$111,802,097$53,244,935$567,593,752
100$1,323,412,243$117,109,688$54,857,928$621,769,557