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%18.6%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,016,048
2 years$539,626$529,576$519,835$510,392$501,232$464,798
3 years$356,177$346,083$336,368$327,013$318,002$282,817
4 years$264,470$254,408$244,790$235,594$226,802$193,135
5 years$209,461$199,459$189,967$180,959$172,411$140,351
6 years$172,800$162,873$153,521$144,714$136,423$105,995
7 years$146,624$136,781$127,577$118,978$110,948$82,146
8 years$127,001$117,246$108,195$99,807$92,042$64,843
9 years$111,746$102,084$93,189$85,014$77,513$51,882
10 years$99,550$89,982$81,244$73,283$66,045$41,939
11 years$89,578$80,106$71,526$63,778$56,801$34,173
12 years$81,273$71,899$63,477$55,942$49,222$28,019
13 years$74,252$64,975$56,713$49,388$42,923$23,088
14 years$68,239$59,061$50,957$43,841$37,626$19,101
15 years$63,032$53,953$46,007$39,099$33,129$15,854
16 years$58,481$49,501$41,712$35,009$29,279$13,194
17 years$54,469$45,589$37,956$31,455$25,961$11,004
18 years$50,907$42,126$34,649$28,347$23,083$9,195
19 years$47,724$39,042$31,720$25,614$20,575$7,694
20 years$44,863$36,280$29,111$23,199$18,378$6,446
21 years$42,277$33,793$26,776$21,054$16,446$5,406
22 years$39,930$31,544$24,679$19,143$14,742$4,538
23 years$37,790$29,503$22,786$17,434$13,233$3,812
24 years$35,831$27,642$21,073$15,901$11,894$3,204
25 years$34,032$25,941$19,518$14,522$10,703$2,694
26 years$32,373$24,380$18,102$13,278$9,641$2,267
27 years$30,841$22,945$16,809$12,153$8,692$1,908
28 years$29,420$21,621$15,627$11,135$7,843$1,606
29 years$28,100$20,397$14,542$10,211$7,082$1,352
30 years$26,869$19,262$13,545$9,371$6,399$1,139
31 years$25,721$18,209$12,628$8,607$5,785$959
32 years$24,647$17,230$11,782$7,910$5,233$808
33 years$23,639$16,317$11,001$7,274$4,736$681
34 years$22,693$15,465$10,279$6,693$4,288$574
35 years$21,803$14,668$9,610$6,161$3,884$484
36 years$20,965$13,922$8,990$5,674$3,519$408
37 years$20,173$13,223$8,414$5,228$3,189$344
38 years$19,425$12,566$7,880$4,819$2,891$290
39 years$18,717$11,949$7,382$4,443$2,622$244
40 years$18,046$11,369$6,919$4,098$2,378$206
41 years$17,410$10,822$6,488$3,781$2,158$174
42 years$16,806$10,307$6,086$3,489$1,958$146
43 years$16,231$9,820$5,711$3,221$1,777$123
44 years$15,683$9,361$5,361$2,974$1,613$104
45 years$15,162$8,926$5,034$2,747$1,464$88
46 years$14,665$8,515$4,728$2,537$1,329$74
47 years$14,190$8,126$4,442$2,344$1,207$62
48 years$13,737$7,757$4,174$2,166$1,096$53
49 years$13,303$7,408$3,923$2,002$996$44
50 years$12,888$7,076$3,688$1,850$904$37

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 $4,870 every year, while hoping to spend $22,899 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: 36/47/17 Blend
52$13,200,000$13,200,000$13,200,000$13,200,000
53$14,551,423$13,851,823$13,647,223$14,999,625
54$16,011,304$14,506,198$14,080,041$15,979,383
55$17,619,325$15,191,870$14,526,591$17,033,881
56$19,390,573$15,910,348$14,987,308$18,171,799
57$21,341,672$16,663,215$15,462,643$19,400,592
58$23,490,940$17,452,131$15,953,059$20,728,427
59$25,858,564$18,278,834$16,459,035$22,164,255
60$28,466,790$19,145,149$16,981,065$23,717,887
61$31,340,131$20,052,990$17,519,659$25,400,080
62$34,505,599$21,004,361$18,075,342$27,222,632
63$37,992,961$22,001,365$18,648,657$29,198,484
64$41,835,019$23,046,208$19,240,163$31,341,836
65$46,067,921$24,141,202$19,850,439$33,668,268
66$50,731,499$25,288,772$20,480,079$36,194,884
67$55,869,649$26,491,458$21,129,698$38,940,460
68$61,530,742$27,751,928$21,799,931$41,925,609
69$67,768,081$29,072,976$22,491,432$45,172,973
70$74,640,406$30,457,533$23,204,877$48,707,419
71$82,212,448$31,908,673$23,940,961$52,556,264
72$90,555,538$33,429,618$24,700,403$56,749,522
73$99,748,283$35,023,749$25,483,946$61,320,174
74$109,877,303$36,694,608$26,292,354$66,304,466
75$121,038,057$38,445,912$27,126,416$71,742,240
76$133,335,735$40,281,559$27,986,948$77,677,291
77$146,886,258$42,205,633$28,874,789$84,157,770
78$161,817,368$44,222,421$29,790,806$91,236,619
79$178,269,836$46,336,416$30,735,894$98,972,058
80$196,398,789$48,552,330$31,710,977$107,428,114
81$216,375,177$50,875,106$32,717,005$116,675,211
82$238,387,382$53,309,923$33,754,963$126,790,812
83$262,643,004$55,862,219$34,825,863$137,860,132
84$289,370,813$58,537,690$35,930,752$149,976,922
85$318,822,912$61,342,313$37,070,708$163,244,335
86$351,277,118$64,282,355$38,246,846$177,775,869
87$387,039,583$67,364,389$39,460,313$193,696,425
88$426,447,683$70,595,306$40,712,297$211,143,453
89$469,873,206$73,982,336$42,004,018$230,268,227
90$517,725,860$77,533,058$43,336,740$251,237,245
91$570,457,141$81,255,421$44,711,764$274,233,774
92$628,564,595$85,157,762$46,130,434$299,459,546
93$692,596,515$89,248,824$47,594,135$327,136,633
94$763,157,119$93,537,775$49,104,297$357,509,514
95$840,912,250$98,034,231$50,662,396$390,847,341
96$926,595,668$102,748,277$52,269,954$427,446,452
97$1,021,015,970$107,690,487$53,928,543$467,633,123
98$1,125,064,232$112,871,953$55,639,781$511,766,614
99$1,239,722,412$118,304,307$57,405,342$560,242,517
100$1,366,072,627$123,999,748$59,226,951$613,496,448