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%18%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,026,201
2 years$543,714$533,587$523,774$514,258$505,029$470,734
3 years$358,875$348,705$338,916$329,490$320,411$287,258
4 years$266,474$256,335$246,644$237,379$228,520$196,762
5 years$211,048$200,970$191,406$182,330$173,717$143,440
6 years$174,109$164,107$154,685$145,811$137,456$108,685
7 years$147,735$137,817$128,544$119,879$111,789$84,520
8 years$127,963$118,135$109,015$100,564$92,740$66,954
9 years$112,593$102,857$93,895$85,658$78,100$53,768
10 years$100,304$90,664$81,860$73,838$66,545$43,629
11 years$90,256$80,713$72,068$64,261$57,231$35,688
12 years$81,889$72,443$63,958$56,366$49,595$29,378
13 years$74,814$65,468$57,143$49,762$43,248$24,307
14 years$68,756$59,508$51,343$44,173$37,911$20,194
15 years$63,510$54,362$46,356$39,395$33,380$16,833
16 years$58,924$49,876$42,028$35,274$29,501$14,069
17 years$54,882$45,934$38,244$31,693$26,158$11,786
18 years$51,293$42,445$34,912$28,562$23,258$9,892
19 years$48,086$39,338$31,960$25,808$20,731$8,315
20 years$45,202$36,554$29,331$23,374$18,517$6,999
21 years$42,597$34,049$26,979$21,214$16,571$5,897
22 years$40,232$31,783$24,866$19,288$14,853$4,973
23 years$38,076$29,726$22,959$17,566$13,333$4,197
24 years$36,102$27,852$21,233$16,021$11,984$3,545
25 years$34,289$26,137$19,666$14,632$10,784$2,995
26 years$32,619$24,565$18,239$13,378$9,714$2,532
27 years$31,074$23,119$16,937$12,246$8,758$2,141
28 years$29,643$21,784$15,745$11,220$7,902$1,812
29 years$28,312$20,551$14,652$10,289$7,136$1,533
30 years$27,073$19,408$13,648$9,442$6,447$1,297
31 years$25,916$18,347$12,723$8,672$5,829$1,098
32 years$24,833$17,360$11,871$7,970$5,273$930
33 years$23,818$16,441$11,084$7,329$4,772$787
34 years$22,865$15,582$10,356$6,743$4,320$667
35 years$21,968$14,779$9,683$6,208$3,913$565
36 years$21,123$14,028$9,058$5,717$3,546$478
37 years$20,326$13,323$8,478$5,267$3,213$405
38 years$19,572$12,662$7,939$4,855$2,913$343
39 years$18,859$12,040$7,438$4,477$2,642$291
40 years$18,183$11,455$6,972$4,129$2,396$246
41 years$17,542$10,904$6,537$3,810$2,174$209
42 years$16,933$10,385$6,132$3,516$1,973$177
43 years$16,354$9,895$5,754$3,245$1,790$150
44 years$15,802$9,432$5,401$2,997$1,625$127
45 years$15,277$8,994$5,072$2,768$1,475$108
46 years$14,776$8,580$4,764$2,556$1,339$91
47 years$14,298$8,188$4,475$2,362$1,216$77
48 years$13,841$7,816$4,205$2,182$1,105$66
49 years$13,404$7,464$3,953$2,017$1,003$56
50 years$12,985$7,130$3,716$1,864$911$47

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 $5,441 every year, while hoping to spend $56,750 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: 52/36/12 Blend
52$13,300,000$13,300,000$13,300,000$13,300,000
53$14,662,212$13,957,312$13,751,162$15,377,874
54$16,097,376$14,580,839$14,151,445$16,490,321
55$17,677,025$15,233,017$14,563,235$17,693,024
56$19,415,836$15,915,189$14,986,857$18,999,732
57$21,329,982$16,628,764$15,422,648$20,420,287
58$23,437,284$17,375,217$15,870,950$21,965,499
59$25,757,377$18,156,092$16,332,117$23,647,250
60$28,311,898$18,973,010$16,806,512$25,478,594
61$31,124,690$19,827,665$17,294,508$27,473,881
62$34,222,023$20,721,836$17,796,488$29,648,883
63$37,632,847$21,657,383$18,312,848$32,020,943
64$41,389,060$22,636,257$18,843,991$34,609,125
65$45,525,813$23,660,503$19,390,334$37,434,398
66$50,081,839$24,732,261$19,952,304$40,519,817
67$55,099,821$25,853,776$20,530,340$43,890,745
68$60,626,790$27,027,399$21,124,894$47,575,075
69$66,714,575$28,255,593$21,736,429$51,603,496
70$73,420,284$29,540,940$22,365,423$56,009,768
71$80,806,852$30,886,144$23,012,363$60,831,037
72$88,943,627$32,294,042$23,677,753$66,108,175
73$97,907,029$33,767,602$24,362,110$71,886,161
74$107,781,269$35,309,938$25,065,964$78,214,491
75$118,659,145$36,924,311$25,789,861$85,147,643
76$130,642,917$38,614,141$26,534,360$92,745,576
77$143,845,270$40,383,010$27,300,037$101,074,289
78$158,390,381$42,234,671$28,087,482$110,206,430
79$174,415,090$44,173,060$28,897,303$120,221,975
80$192,070,190$46,202,301$29,730,123$131,208,971
81$211,521,850$48,326,714$30,586,582$143,264,349
82$232,953,184$50,550,829$31,467,338$156,494,836
83$256,565,982$52,879,392$32,373,067$171,017,939
84$282,582,610$55,317,380$33,304,463$186,963,051
85$311,248,112$57,870,007$34,262,238$204,472,647
86$342,832,520$60,542,738$35,247,123$223,703,623
87$377,633,406$63,341,301$36,259,871$244,828,757
88$415,978,689$66,271,701$37,301,253$268,038,322
89$458,229,732$69,340,231$38,372,061$293,541,869
90$504,784,749$72,553,487$39,473,110$321,570,183
91$556,082,570$75,918,384$40,605,235$352,377,445
92$612,606,775$79,442,168$41,769,294$386,243,612
93$674,890,269$83,132,438$42,966,168$423,477,037
94$743,520,304$86,997,154$44,196,762$464,417,358
95$819,144,026$91,044,666$45,462,005$509,438,685
96$902,474,584$95,283,722$46,762,849$558,953,103
97$994,297,862$99,723,495$48,100,275$613,414,540
98$1,095,479,897$104,373,599$49,475,287$673,323,026
99$1,206,975,054$109,244,113$50,888,917$739,229,387
100$1,329,835,038$114,345,603$52,342,224$811,740,411