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%12.8%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,024,534
2 years$531,449$521,552$511,959$502,659$493,637$481,454
3 years$350,780$340,840$331,272$322,058$313,184$301,300
4 years$260,463$250,553$241,081$232,025$223,365$211,872
5 years$206,287$196,437$187,089$178,217$169,799$158,729
6 years$170,182$160,405$151,195$142,522$134,356$123,724
7 years$144,402$134,708$125,644$117,175$109,267$99,078
8 years$125,077$115,470$106,556$98,295$90,648$80,899
9 years$110,053$100,537$91,777$83,726$76,339$67,027
10 years$98,042$88,619$80,013$72,172$65,044$56,164
11 years$88,220$78,892$70,442$62,812$55,940$47,483
12 years$80,042$70,809$62,516$55,094$48,477$40,434
13 years$73,127$63,991$55,854$48,640$42,273$34,634
14 years$67,205$58,166$50,185$43,177$37,056$29,810
15 years$62,077$53,136$45,310$38,506$32,627$25,763
16 years$57,595$48,751$41,080$34,478$28,836$22,341
17 years$53,644$44,898$37,381$30,978$25,568$19,431
18 years$50,136$41,488$34,124$27,918$22,734$16,941
19 years$47,001$38,450$31,239$25,226$20,263$14,802
20 years$44,183$35,730$28,670$22,847$18,099$12,956
21 years$41,637$33,281$26,371$20,735$16,197$11,358
22 years$39,325$31,067$24,305$18,853$14,518$9,972
23 years$37,217$29,056$22,441$17,170$13,032$8,764
24 years$35,288$27,224$20,754$15,660$11,714$7,711
25 years$33,516$25,548$19,223$14,302$10,541$6,791
26 years$31,883$24,011$17,828$13,077$9,495$5,985
27 years$30,373$22,597$16,555$11,969$8,560$5,279
28 years$28,974$21,293$15,390$10,966$7,724$4,658
29 years$27,674$20,088$14,322$10,056$6,975$4,113
30 years$26,462$18,971$13,340$9,229$6,302$3,634
31 years$25,331$17,934$12,436$8,476$5,698$3,211
32 years$24,273$16,969$11,603$7,790$5,154$2,839
33 years$23,281$16,070$10,834$7,164$4,664$2,511
34 years$22,349$15,230$10,123$6,591$4,223$2,221
35 years$21,473$14,446$9,464$6,067$3,825$1,965
36 years$20,647$13,711$8,853$5,588$3,466$1,739
37 years$19,868$13,022$8,287$5,149$3,141$1,539
38 years$19,131$12,376$7,760$4,746$2,848$1,363
39 years$18,434$11,768$7,270$4,376$2,582$1,207
40 years$17,773$11,197$6,815$4,036$2,342$1,069
41 years$17,146$10,658$6,390$3,724$2,125$947
42 years$16,551$10,150$5,994$3,436$1,928$839
43 years$15,985$9,671$5,624$3,172$1,750$743
44 years$15,446$9,219$5,280$2,929$1,588$658
45 years$14,932$8,791$4,957$2,705$1,442$583
46 years$14,443$8,386$4,656$2,499$1,309$517
47 years$13,975$8,003$4,374$2,309$1,189$458
48 years$13,528$7,640$4,111$2,133$1,080$406
49 years$13,101$7,296$3,864$1,971$981$360
50 years$12,693$6,969$3,632$1,822$891$319

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 $2,395 every year, while hoping to spend $34,971 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: 37/41/22 Blend
52$13,000,000$13,000,000$13,000,000$13,000,000
53$14,328,470$13,639,470$13,437,970$14,763,721
54$15,752,766$14,270,596$13,850,934$15,712,386
55$17,321,167$14,931,474$14,276,559$16,732,974
56$19,048,336$15,623,526$14,715,234$17,834,675
57$20,950,429$16,348,242$15,167,357$19,024,808
58$23,045,249$17,107,182$15,633,340$20,311,397
59$25,352,414$17,901,984$16,113,607$21,703,241
60$27,893,542$18,734,362$16,608,593$23,209,993
61$30,692,452$19,606,115$17,118,751$24,842,239
62$33,775,395$20,519,128$17,644,542$26,611,600
63$37,171,296$21,475,376$18,186,445$28,530,828
64$40,912,030$22,476,931$18,744,952$30,613,922
65$45,032,720$23,525,963$19,320,571$32,876,253
66$49,572,072$24,624,750$19,913,824$35,334,702
67$54,572,737$25,775,677$20,525,252$38,007,806
68$60,081,716$26,981,245$21,155,407$40,915,933
69$66,150,802$28,244,076$21,804,864$44,081,458
70$72,837,068$29,566,920$22,474,211$47,528,969
71$80,203,408$30,952,658$23,164,056$51,285,488
72$88,319,129$32,404,311$23,875,025$55,380,716
73$97,260,604$33,925,047$24,607,763$59,847,303
74$107,111,998$35,518,187$25,362,935$64,721,145
75$117,966,054$37,187,210$26,141,226$70,041,710
76$129,924,976$38,935,768$26,943,341$75,852,402
77$143,101,389$40,767,686$27,770,009$82,200,953
78$157,619,405$42,686,977$28,621,978$89,139,864
79$173,615,790$44,697,845$29,500,020$96,726,886
80$191,241,262$46,804,700$30,404,932$105,025,549
81$210,661,907$49,012,167$31,337,534$114,105,749
82$232,060,750$51,325,091$32,298,670$124,044,389
83$255,639,482$53,748,556$33,289,210$134,926,090
84$281,620,363$56,287,889$34,310,053$146,843,973
85$310,248,322$58,948,678$35,362,122$159,900,518
86$341,793,268$61,736,780$36,446,369$174,208,514
87$376,552,635$64,658,336$37,563,777$189,892,103
88$414,854,197$67,719,788$38,715,356$207,087,928
89$457,059,153$70,927,886$39,902,149$225,946,408
90$503,565,545$74,289,710$41,125,229$246,633,130
91$554,812,009$77,812,684$42,385,703$269,330,386
92$611,281,920$81,504,592$43,684,710$294,238,876
93$673,507,952$85,373,594$45,023,424$321,579,569
94$742,077,112$89,428,248$46,403,057$351,595,768
95$817,636,273$93,677,528$47,824,855$384,555,371
96$900,898,288$98,130,842$49,290,104$420,753,378
97$992,648,717$102,798,057$50,800,126$460,514,635
98$1,093,753,242$107,689,518$52,356,286$504,196,876
99$1,205,165,841$112,816,072$53,959,990$552,194,063
100$1,327,937,793$118,189,096$55,612,685$604,940,064