Can I retire at age 53 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,021,018
2 years$535,538$525,564$515,897$506,525$497,434$473,790
3 years$353,479$343,462$333,820$324,536$315,593$292,637
4 years$262,467$252,481$242,935$233,810$225,083$202,993
5 years$207,874$197,948$188,528$179,588$171,105$149,941
6 years$171,491$161,639$152,358$143,618$135,389$115,175
7 years$145,513$135,744$126,611$118,076$110,108$90,846
8 years$126,039$116,358$107,376$99,051$91,345$73,029
9 years$110,900$101,311$92,483$84,370$76,926$59,541
10 years$98,796$89,300$80,629$72,728$65,545$49,073
11 years$88,899$79,499$70,984$63,295$56,371$40,790
12 years$80,658$71,354$62,997$55,518$48,850$34,135
13 years$73,689$64,483$56,283$49,014$42,598$28,723
14 years$67,722$58,613$50,571$43,509$37,341$24,277
15 years$62,555$53,544$45,659$38,803$32,878$20,595
16 years$58,038$49,126$41,396$34,744$29,058$17,525
17 years$54,057$45,243$37,669$31,217$25,764$14,951
18 years$50,522$41,807$34,387$28,133$22,909$12,783
19 years$47,362$38,746$31,480$25,420$20,419$10,949
20 years$44,523$36,005$28,890$23,023$18,239$9,392
21 years$41,957$33,537$26,574$20,895$16,321$8,067
22 years$39,627$31,305$24,492$18,998$14,630$6,937
23 years$37,503$29,279$22,614$17,302$13,133$5,971
24 years$35,559$27,433$20,914$15,780$11,804$5,144
25 years$33,774$25,744$19,370$14,412$10,622$4,434
26 years$32,128$24,196$17,965$13,177$9,568$3,825
27 years$30,607$22,771$16,682$12,061$8,626$3,301
28 years$29,197$21,457$15,508$11,051$7,783$2,850
29 years$27,887$20,242$14,432$10,134$7,028$2,461
30 years$26,666$19,117$13,443$9,300$6,350$2,127
31 years$25,526$18,071$12,532$8,542$5,741$1,838
32 years$24,460$17,099$11,693$7,850$5,194$1,589
33 years$23,460$16,193$10,918$7,219$4,700$1,374
34 years$22,521$15,348$10,201$6,642$4,255$1,188
35 years$21,638$14,557$9,537$6,114$3,854$1,028
36 years$20,806$13,817$8,922$5,631$3,492$889
37 years$20,020$13,123$8,350$5,188$3,165$769
38 years$19,278$12,471$7,820$4,782$2,869$665
39 years$18,575$11,859$7,326$4,409$2,602$576
40 years$17,910$11,283$6,867$4,067$2,360$498
41 years$17,278$10,740$6,439$3,752$2,141$431
42 years$16,678$10,229$6,040$3,463$1,943$373
43 years$16,108$9,746$5,668$3,197$1,763$323
44 years$15,565$9,290$5,320$2,952$1,601$280
45 years$15,047$8,859$4,995$2,726$1,453$242
46 years$14,554$8,451$4,692$2,518$1,319$209
47 years$14,083$8,065$4,408$2,326$1,198$181
48 years$13,632$7,699$4,142$2,150$1,088$157
49 years$13,202$7,352$3,893$1,987$988$136
50 years$12,790$7,023$3,660$1,836$898$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $13,100,000, adding $4,835 every year, while hoping to spend $30,369 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: 46/41/13 Blend
52$13,100,000$13,100,000$13,100,000$13,100,000
53$14,441,187$13,746,887$13,543,837$15,052,252
54$15,881,876$14,388,172$13,965,243$16,117,656
55$17,468,497$15,059,863$14,399,749$17,269,284
56$19,215,904$15,763,416$14,847,760$18,517,938
57$21,140,463$16,500,360$15,309,697$19,872,628
58$23,260,210$17,272,298$15,785,992$21,343,246
59$25,595,019$18,080,908$16,277,090$22,940,646
60$28,166,790$18,927,951$16,783,452$24,676,750
61$30,999,655$19,815,274$17,305,550$26,564,649
62$34,120,208$20,744,810$17,843,875$28,618,721
63$37,557,753$21,718,590$18,398,928$30,854,761
64$41,344,583$22,738,739$18,971,231$33,290,124
65$45,516,280$23,807,488$19,561,317$35,943,880
66$50,112,060$24,927,173$20,169,740$38,836,984
67$55,175,132$26,100,247$20,797,068$41,992,474
68$60,753,114$27,329,277$21,443,889$45,435,671
69$66,898,479$28,616,959$22,110,806$49,194,414
70$73,669,050$29,966,117$22,798,445$53,299,315
71$81,128,548$31,379,712$23,507,448$57,784,034
72$89,347,190$32,860,848$24,238,477$62,685,590
73$98,402,355$34,412,781$24,992,218$68,044,701
74$108,379,312$36,038,924$25,769,374$73,906,154
75$119,372,026$37,742,855$26,570,672$80,319,218
76$131,484,045$39,528,327$27,396,862$87,338,098
77$144,829,476$41,399,273$28,248,715$95,022,433
78$159,534,063$43,359,819$29,127,027$103,437,848
79$175,736,376$45,414,288$30,032,621$112,656,555
80$193,589,114$47,567,216$30,966,342$122,758,026
81$213,260,553$49,823,359$31,929,063$133,829,724
82$234,936,126$52,187,700$32,921,684$145,967,917
83$258,820,182$54,665,469$33,945,132$159,278,565
84$285,137,910$57,262,146$35,000,363$173,878,307
85$314,137,466$59,983,480$36,088,364$189,895,542
86$346,092,314$62,835,497$37,210,151$207,471,626
87$381,303,810$65,824,517$38,366,771$226,762,179
88$420,104,047$68,957,166$39,559,306$247,938,541
89$462,858,986$72,240,394$40,788,869$271,189,365
90$509,971,916$75,681,486$42,056,609$296,722,372
91$561,887,255$79,288,083$43,363,710$324,766,295
92$619,094,753$83,068,196$44,711,391$355,573,005
93$682,134,107$87,030,228$46,100,913$389,419,870
94$751,600,064$91,182,987$47,533,572$426,612,342
95$828,148,030$95,535,712$49,010,705$467,486,811
96$912,500,258$100,098,091$50,533,692$512,413,756
97$1,005,452,668$104,880,282$52,103,955$561,801,205
98$1,107,882,362$109,892,938$53,722,960$616,098,555
99$1,220,755,901$115,147,230$55,392,217$675,800,785
100$1,345,138,432$120,654,872$57,113,285$741,453,087