Can I retire at age 53 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,036,185
2 years$543,714$533,587$523,774$514,258$505,029$480,605
3 years$358,875$348,705$338,916$329,490$320,411$296,702
4 years$266,474$256,335$246,644$237,379$228,520$205,709
5 years$211,048$200,970$191,406$182,330$173,717$151,868
6 years$174,109$164,107$154,685$145,811$137,456$116,591
7 years$147,735$137,817$128,544$119,879$111,789$91,911
8 years$127,963$118,135$109,015$100,564$92,740$73,842
9 years$112,593$102,857$93,895$85,658$78,100$60,168
10 years$100,304$90,664$81,860$73,838$66,545$49,559
11 years$90,256$80,713$72,068$64,261$57,231$41,168
12 years$81,889$72,443$63,958$56,366$49,595$34,429
13 years$74,814$65,468$57,143$49,762$43,248$28,951
14 years$68,756$59,508$51,343$44,173$37,911$24,453
15 years$63,510$54,362$46,356$39,395$33,380$20,730
16 years$58,924$49,876$42,028$35,274$29,501$17,627
17 years$54,882$45,934$38,244$31,693$26,158$15,027
18 years$51,293$42,445$34,912$28,562$23,258$12,838
19 years$48,086$39,338$31,960$25,808$20,731$10,988
20 years$45,202$36,554$29,331$23,374$18,517$9,419
21 years$42,597$34,049$26,979$21,214$16,571$8,084
22 years$40,232$31,783$24,866$19,288$14,853$6,946
23 years$38,076$29,726$22,959$17,566$13,333$5,974
24 years$36,102$27,852$21,233$16,021$11,984$5,143
25 years$34,289$26,137$19,666$14,632$10,784$4,430
26 years$32,619$24,565$18,239$13,378$9,714$3,818
27 years$31,074$23,119$16,937$12,246$8,758$3,292
28 years$29,643$21,784$15,745$11,220$7,902$2,840
29 years$28,312$20,551$14,652$10,289$7,136$2,451
30 years$27,073$19,408$13,648$9,442$6,447$2,116
31 years$25,916$18,347$12,723$8,672$5,829$1,827
32 years$24,833$17,360$11,871$7,970$5,273$1,578
33 years$23,818$16,441$11,084$7,329$4,772$1,363
34 years$22,865$15,582$10,356$6,743$4,320$1,178
35 years$21,968$14,779$9,683$6,208$3,913$1,018
36 years$21,123$14,028$9,058$5,717$3,546$880
37 years$20,326$13,323$8,478$5,267$3,213$761
38 years$19,572$12,662$7,939$4,855$2,913$658
39 years$18,859$12,040$7,438$4,477$2,642$569
40 years$18,183$11,455$6,972$4,129$2,396$492
41 years$17,542$10,904$6,537$3,810$2,174$425
42 years$16,933$10,385$6,132$3,516$1,973$368
43 years$16,354$9,895$5,754$3,245$1,790$318
44 years$15,802$9,432$5,401$2,997$1,625$275
45 years$15,277$8,994$5,072$2,768$1,475$238
46 years$14,776$8,580$4,764$2,556$1,339$206
47 years$14,298$8,188$4,475$2,362$1,216$178
48 years$13,841$7,816$4,205$2,182$1,105$154
49 years$13,404$7,464$3,953$2,017$1,003$133
50 years$12,985$7,130$3,716$1,864$911$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $13,300,000, adding $6,789 every year, while hoping to spend $50,006 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: 36/48/16 Blend
52$13,300,000$13,300,000$13,300,000$13,300,000
53$14,663,603$13,958,703$13,752,553$15,119,493
54$16,106,084$14,589,473$14,160,057$16,080,695
55$17,694,023$15,249,476$14,579,537$17,112,461
56$19,442,203$15,940,089$15,011,341$18,225,253
57$21,366,913$16,662,759$15,455,827$19,426,321
58$23,486,105$17,419,001$15,913,364$20,723,608
59$25,819,557$18,210,401$16,384,331$22,125,825
60$28,389,064$19,038,623$16,869,118$23,642,518
61$31,218,642$19,905,409$17,368,127$25,284,161
62$34,334,754$20,812,585$17,881,770$27,062,239
63$37,766,562$21,762,065$18,410,472$28,989,355
64$41,546,199$22,755,853$18,954,670$31,079,339
65$45,709,073$23,796,052$19,514,814$33,347,371
66$50,294,203$24,884,863$20,091,365$35,810,115
67$55,344,585$26,024,595$20,684,798$38,485,869
68$60,907,597$27,217,665$21,295,604$41,394,729
69$67,035,449$28,466,608$21,924,284$44,558,767
70$73,785,674$29,774,080$22,571,356$48,002,230
71$81,221,668$31,142,866$23,237,353$51,751,758
72$89,413,295$32,575,883$23,922,820$55,836,628
73$98,437,538$34,076,188$24,628,322$60,289,014
74$108,379,233$35,646,987$25,354,437$65,144,280
75$119,331,865$37,291,639$26,101,760$70,441,305
76$131,398,450$39,013,665$26,870,904$76,222,832
77$144,692,511$40,816,754$27,662,499$82,535,859
78$159,339,146$42,704,773$28,477,191$89,432,069
79$175,476,210$44,681,778$29,315,648$96,968,305
80$193,255,615$46,752,017$30,178,554$105,207,087
81$212,844,766$48,919,944$31,066,614$114,217,185
82$234,428,138$51,190,227$31,980,551$124,074,256
83$258,209,020$53,567,760$32,921,111$134,861,536
84$284,411,432$56,057,672$33,889,061$146,670,608
85$313,282,241$58,665,341$34,885,187$159,602,246
86$345,093,488$61,396,401$35,910,299$173,767,348
87$380,144,961$64,256,763$36,965,232$189,287,958
88$418,767,021$67,252,617$38,050,841$206,298,396
89$461,323,720$70,390,458$39,168,006$224,946,506
90$508,216,239$73,677,091$40,317,635$245,395,019
91$559,886,677$77,119,650$41,500,657$267,823,073
92$616,822,220$80,725,614$42,718,030$292,427,868
93$679,559,741$84,502,824$43,970,739$319,426,503
94$748,690,872$88,459,500$45,259,796$349,057,998
95$824,867,583$92,604,258$46,586,242$381,585,513
96$908,808,342$96,946,131$47,951,146$417,298,803
97$1,001,304,892$101,494,591$49,355,609$456,516,922
98$1,103,229,731$106,259,566$50,800,761$499,591,191
99$1,215,544,343$111,251,464$52,287,766$546,908,486
100$1,339,308,278$116,481,198$53,817,819$598,894,844