Can I retire at age 53 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,036,857
2 years$539,626$529,576$519,835$510,392$501,232$485,420
3 years$356,177$346,083$336,368$327,013$318,002$302,600
4 years$264,470$254,408$244,790$235,594$226,802$211,928
5 years$209,461$199,459$189,967$180,959$172,411$158,109
6 years$172,800$162,873$153,521$144,714$136,423$122,709
7 years$146,624$136,781$127,577$118,978$110,948$97,827
8 years$127,001$117,246$108,195$99,807$92,042$79,511
9 years$111,746$102,084$93,189$85,014$77,513$65,566
10 years$99,550$89,982$81,244$73,283$66,045$54,673
11 years$89,578$80,106$71,526$63,778$56,801$45,993
12 years$81,273$71,899$63,477$55,942$49,222$38,965
13 years$74,252$64,975$56,713$49,388$42,923$33,202
14 years$68,239$59,061$50,957$43,841$37,626$28,426
15 years$63,032$53,953$46,007$39,099$33,129$24,433
16 years$58,481$49,501$41,712$35,009$29,279$21,071
17 years$54,469$45,589$37,956$31,455$25,961$18,222
18 years$50,907$42,126$34,649$28,347$23,083$15,797
19 years$47,724$39,042$31,720$25,614$20,575$13,721
20 years$44,863$36,280$29,111$23,199$18,378$11,940
21 years$42,277$33,793$26,776$21,054$16,446$10,405
22 years$39,930$31,544$24,679$19,143$14,742$9,079
23 years$37,790$29,503$22,786$17,434$13,233$7,931
24 years$35,831$27,642$21,073$15,901$11,894$6,935
25 years$34,032$25,941$19,518$14,522$10,703$6,069
26 years$32,373$24,380$18,102$13,278$9,641$5,315
27 years$30,841$22,945$16,809$12,153$8,692$4,658
28 years$29,420$21,621$15,627$11,135$7,843$4,084
29 years$28,100$20,397$14,542$10,211$7,082$3,582
30 years$26,869$19,262$13,545$9,371$6,399$3,144
31 years$25,721$18,209$12,628$8,607$5,785$2,760
32 years$24,647$17,230$11,782$7,910$5,233$2,424
33 years$23,639$16,317$11,001$7,274$4,736$2,130
34 years$22,693$15,465$10,279$6,693$4,288$1,871
35 years$21,803$14,668$9,610$6,161$3,884$1,645
36 years$20,965$13,922$8,990$5,674$3,519$1,446
37 years$20,173$13,223$8,414$5,228$3,189$1,271
38 years$19,425$12,566$7,880$4,819$2,891$1,118
39 years$18,717$11,949$7,382$4,443$2,622$983
40 years$18,046$11,369$6,919$4,098$2,378$865
41 years$17,410$10,822$6,488$3,781$2,158$760
42 years$16,806$10,307$6,086$3,489$1,958$669
43 years$16,231$9,820$5,711$3,221$1,777$589
44 years$15,683$9,361$5,361$2,974$1,613$518
45 years$15,162$8,926$5,034$2,747$1,464$456
46 years$14,665$8,515$4,728$2,537$1,329$401
47 years$14,190$8,126$4,442$2,344$1,207$353
48 years$13,737$7,757$4,174$2,166$1,096$310
49 years$13,303$7,408$3,923$2,002$996$273
50 years$12,888$7,076$3,688$1,850$904$240

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $13,200,000, adding $3,077 every year, while hoping to spend $29,829 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: 56/20/24 Blend
52$13,200,000$13,200,000$13,200,000$13,200,000
53$14,549,574$13,849,974$13,645,374$15,268,918
54$16,001,893$14,496,885$14,070,756$16,409,024
55$17,601,348$15,174,495$14,509,389$17,647,116
56$19,362,917$15,884,276$14,961,685$18,995,392
57$21,303,102$16,627,773$15,428,069$20,464,466
58$23,440,088$17,406,604$15,908,979$22,066,009
59$25,793,916$18,222,466$16,404,868$23,812,857
60$28,386,666$19,077,138$16,916,202$25,719,124
61$31,242,673$19,972,485$17,443,462$27,800,338
62$34,388,751$20,910,461$17,987,143$30,073,580
63$37,854,447$21,893,117$18,547,755$32,557,642
64$41,672,322$22,922,602$19,125,827$35,273,199
65$45,878,257$24,001,168$19,721,901$38,243,002
66$50,511,792$25,131,177$20,336,537$41,492,084
67$55,616,496$26,315,107$20,970,312$45,047,998
68$61,240,385$27,555,553$21,623,824$48,941,067
69$67,436,366$28,855,237$22,297,684$53,204,665
70$74,262,746$30,217,014$22,992,527$57,875,529
71$81,783,774$31,643,876$23,709,005$62,994,100
72$90,070,253$33,138,960$24,447,791$68,604,896
73$99,200,207$34,705,556$25,209,579$74,756,930
74$109,259,613$36,347,114$25,995,085$81,504,161
75$120,343,219$38,067,248$26,805,046$88,906,003
76$132,555,436$39,869,752$27,640,224$97,027,873
77$146,011,321$41,758,601$28,501,402$105,941,804
78$160,837,667$43,737,963$29,389,390$115,727,118
79$177,174,195$45,812,209$30,305,020$126,471,163
80$195,174,877$47,985,922$31,249,153$138,270,135
81$215,009,391$50,263,908$32,222,676$151,229,972
82$236,864,715$52,651,206$33,226,502$165,467,347
83$260,946,900$55,153,099$34,261,573$181,110,760
84$287,483,010$57,775,127$35,328,862$198,301,740
85$316,723,268$60,523,099$36,429,371$217,196,173
86$348,943,418$63,403,108$37,564,131$237,965,760
87$384,447,326$66,421,540$38,734,209$260,799,627
88$423,569,851$69,585,092$39,940,702$285,906,100
89$466,680,003$72,900,790$41,184,743$313,514,657
90$514,184,431$76,375,996$42,467,500$343,878,085
91$566,531,257$80,018,434$43,790,175$377,274,847
92$624,214,310$83,836,201$45,154,011$414,011,702
93$687,777,785$87,837,791$46,560,286$454,426,583
94$757,821,384$92,032,107$48,010,320$498,891,774
95$835,005,973$96,428,489$49,505,474$547,817,406
96$920,059,825$101,036,727$51,047,149$601,655,312
97$1,013,785,492$105,867,091$52,636,794$660,903,277
98$1,117,067,383$110,930,350$54,275,897$726,109,716
99$1,230,880,113$116,237,795$55,965,997$797,878,836
100$1,356,297,706$121,801,268$57,708,679$876,876,315