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%11.3%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,030,970
2 years$531,449$521,552$511,959$502,659$493,637$487,917
3 years$350,780$340,840$331,272$322,058$313,184$307,590
4 years$260,463$250,553$241,081$232,025$223,365$217,940
5 years$206,287$196,437$187,089$178,217$169,799$164,558
6 years$170,182$160,405$151,195$142,522$134,356$129,307
7 years$144,402$134,708$125,644$117,175$109,267$104,413
8 years$125,077$115,470$106,556$98,295$90,648$85,988
9 years$110,053$100,537$91,777$83,726$76,339$71,872
10 years$98,042$88,619$80,013$72,172$65,044$60,769
11 years$88,220$78,892$70,442$62,812$55,940$51,853
12 years$80,042$70,809$62,516$55,094$48,477$44,574
13 years$73,127$63,991$55,854$48,640$42,273$38,551
14 years$67,205$58,166$50,185$43,177$37,056$33,511
15 years$62,077$53,136$45,310$38,506$32,627$29,255
16 years$57,595$48,751$41,080$34,478$28,836$25,631
17 years$53,644$44,898$37,381$30,978$25,568$22,526
18 years$50,136$41,488$34,124$27,918$22,734$19,849
19 years$47,001$38,450$31,239$25,226$20,263$17,530
20 years$44,183$35,730$28,670$22,847$18,099$15,514
21 years$41,637$33,281$26,371$20,735$16,197$13,753
22 years$39,325$31,067$24,305$18,853$14,518$12,210
23 years$37,217$29,056$22,441$17,170$13,032$10,855
24 years$35,288$27,224$20,754$15,660$11,714$9,661
25 years$33,516$25,548$19,223$14,302$10,541$8,608
26 years$31,883$24,011$17,828$13,077$9,495$7,677
27 years$30,373$22,597$16,555$11,969$8,560$6,851
28 years$28,974$21,293$15,390$10,966$7,724$6,119
29 years$27,674$20,088$14,322$10,056$6,975$5,469
30 years$26,462$18,971$13,340$9,229$6,302$4,890
31 years$25,331$17,934$12,436$8,476$5,698$4,375
32 years$24,273$16,969$11,603$7,790$5,154$3,916
33 years$23,281$16,070$10,834$7,164$4,664$3,506
34 years$22,349$15,230$10,123$6,591$4,223$3,141
35 years$21,473$14,446$9,464$6,067$3,825$2,814
36 years$20,647$13,711$8,853$5,588$3,466$2,522
37 years$19,868$13,022$8,287$5,149$3,141$2,261
38 years$19,131$12,376$7,760$4,746$2,848$2,028
39 years$18,434$11,768$7,270$4,376$2,582$1,819
40 years$17,773$11,197$6,815$4,036$2,342$1,631
41 years$17,146$10,658$6,390$3,724$2,125$1,464
42 years$16,551$10,150$5,994$3,436$1,928$1,313
43 years$15,985$9,671$5,624$3,172$1,750$1,179
44 years$15,446$9,219$5,280$2,929$1,588$1,058
45 years$14,932$8,791$4,957$2,705$1,442$950
46 years$14,443$8,386$4,656$2,499$1,309$853
47 years$13,975$8,003$4,374$2,309$1,189$765
48 years$13,528$7,640$4,111$2,133$1,080$687
49 years$13,101$7,296$3,864$1,971$981$617
50 years$12,693$6,969$3,632$1,822$891$554

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 $3,894 every year, while hoping to spend $34,429 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: 69/13/18 Blend
52$13,000,000$13,000,000$13,000,000$13,000,000
53$14,330,017$13,641,017$13,439,517$15,256,304
54$15,755,046$14,272,794$13,853,108$16,506,329
55$17,324,275$14,934,375$14,279,401$17,869,158
56$19,052,374$15,627,183$14,718,785$19,359,485
57$20,955,513$16,352,711$15,171,660$20,989,884
58$23,051,504$17,112,523$15,638,440$22,774,190
59$25,359,981$17,908,260$16,119,551$24,727,633
60$27,902,574$18,741,640$16,615,432$26,866,978
61$30,703,123$19,614,467$17,126,534$29,210,682
62$33,787,893$20,528,627$17,653,325$31,779,062
63$37,185,832$21,486,103$18,196,285$34,594,486
64$40,928,834$22,488,970$18,755,908$37,681,584
65$45,052,050$23,539,404$19,332,705$41,067,474
66$49,594,210$24,639,686$19,927,202$44,782,016
67$54,597,996$25,792,208$20,539,940$48,858,091
68$60,110,442$26,999,476$21,171,478$53,331,908
69$66,183,376$28,264,119$21,822,392$58,243,341
70$72,873,911$29,588,892$22,493,273$63,636,306
71$80,244,986$30,976,684$23,184,734$69,559,167
72$88,365,956$32,430,522$23,897,403$76,065,189
73$97,313,248$33,953,582$24,631,931$83,213,042
74$107,171,083$35,549,192$25,388,985$91,067,343
75$118,032,272$37,220,841$26,169,254$99,699,268
76$129,999,090$38,972,187$26,973,450$109,187,215
77$143,184,239$40,807,067$27,802,303$119,617,542
78$157,711,919$42,729,501$28,656,567$131,085,376
79$173,718,993$44,743,705$29,537,021$143,695,504
80$191,356,284$46,854,099$30,444,464$157,563,360
81$210,789,993$49,065,319$31,379,722$172,816,108
82$232,203,275$51,382,222$32,343,645$189,593,835
83$255,797,962$53,809,904$33,337,110$208,050,867
84$281,796,470$56,353,705$34,361,019$228,357,224
85$310,443,900$59,019,227$35,416,304$250,700,211
86$342,010,350$61,812,341$36,503,923$275,286,185
87$376,793,466$64,739,206$37,624,863$302,342,493
88$415,121,247$67,806,275$38,780,144$332,119,610
89$457,355,150$71,020,318$39,970,815$364,893,499
90$503,893,495$74,388,433$41,197,957$400,968,204
91$555,175,226$77,918,061$42,462,683$440,678,711
92$611,684,059$81,617,006$43,766,143$484,394,106
93$673,953,043$85,493,449$45,109,519$532,521,045
94$742,569,596$89,555,971$46,494,030$585,507,586
95$818,181,047$93,813,566$47,920,932$643,847,407
96$901,500,751$98,275,667$49,391,520$708,084,454
97$993,314,820$102,952,167$50,907,128$778,818,070
98$1,094,489,544$107,853,436$52,469,130$856,708,635
99$1,205,979,574$112,990,351$54,078,943$942,483,792
100$1,328,836,929$118,374,316$55,738,025$1,036,945,303