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%19.7%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,019,287
2 years$543,714$533,587$523,774$514,258$505,029$463,945
3 years$358,875$348,705$338,916$329,490$320,411$280,810
4 years$266,474$256,335$246,644$237,379$228,520$190,703
5 years$211,048$200,970$191,406$182,330$173,717$137,782
6 years$174,109$164,107$154,685$145,811$137,456$103,426
7 years$147,735$137,817$128,544$119,879$111,789$79,653
8 years$127,963$118,135$109,015$100,564$92,740$62,465
9 years$112,593$102,857$93,895$85,658$78,100$49,643
10 years$100,304$90,664$81,860$73,838$66,545$39,852
11 years$90,256$80,713$72,068$64,261$57,231$32,240
12 years$81,889$72,443$63,958$56,366$49,595$26,241
13 years$74,814$65,468$57,143$49,762$43,248$21,460
14 years$68,756$59,508$51,343$44,173$37,911$17,619
15 years$63,510$54,362$46,356$39,395$33,380$14,509
16 years$58,924$49,876$42,028$35,274$29,501$11,979
17 years$54,882$45,934$38,244$31,693$26,158$9,910
18 years$51,293$42,445$34,912$28,562$23,258$8,213
19 years$48,086$39,338$31,960$25,808$20,731$6,815
20 years$45,202$36,554$29,331$23,374$18,517$5,662
21 years$42,597$34,049$26,979$21,214$16,571$4,708
22 years$40,232$31,783$24,866$19,288$14,853$3,918
23 years$38,076$29,726$22,959$17,566$13,333$3,263
24 years$36,102$27,852$21,233$16,021$11,984$2,719
25 years$34,289$26,137$19,666$14,632$10,784$2,266
26 years$32,619$24,565$18,239$13,378$9,714$1,890
27 years$31,074$23,119$16,937$12,246$8,758$1,576
28 years$29,643$21,784$15,745$11,220$7,902$1,315
29 years$28,312$20,551$14,652$10,289$7,136$1,097
30 years$27,073$19,408$13,648$9,442$6,447$916
31 years$25,916$18,347$12,723$8,672$5,829$765
32 years$24,833$17,360$11,871$7,970$5,273$638
33 years$23,818$16,441$11,084$7,329$4,772$533
34 years$22,865$15,582$10,356$6,743$4,320$445
35 years$21,968$14,779$9,683$6,208$3,913$372
36 years$21,123$14,028$9,058$5,717$3,546$310
37 years$20,326$13,323$8,478$5,267$3,213$259
38 years$19,572$12,662$7,939$4,855$2,913$217
39 years$18,859$12,040$7,438$4,477$2,642$181
40 years$18,183$11,455$6,972$4,129$2,396$151
41 years$17,542$10,904$6,537$3,810$2,174$126
42 years$16,933$10,385$6,132$3,516$1,973$105
43 years$16,354$9,895$5,754$3,245$1,790$88
44 years$15,802$9,432$5,401$2,997$1,625$74
45 years$15,277$8,994$5,072$2,768$1,475$61
46 years$14,776$8,580$4,764$2,556$1,339$51
47 years$14,298$8,188$4,475$2,362$1,216$43
48 years$13,841$7,816$4,205$2,182$1,105$36
49 years$13,404$7,464$3,953$2,017$1,003$30
50 years$12,985$7,130$3,716$1,864$911$25

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 $2,998 every year, while hoping to spend $32,143 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: 54/21/25 Blend
52$13,300,000$13,300,000$13,300,000$13,300,000
53$14,659,692$13,954,792$13,748,642$15,349,868
54$16,120,781$14,604,377$14,175,022$16,475,346
55$17,729,824$15,284,715$14,614,608$17,696,384
56$19,501,877$15,997,277$15,067,809$19,025,046
57$21,453,534$16,743,609$15,535,046$20,471,654
58$23,603,077$17,525,329$16,016,753$22,047,558
59$25,970,655$18,344,134$16,513,378$23,765,236
60$28,578,467$19,201,801$17,025,381$25,638,410
61$31,450,978$20,100,198$17,553,239$27,682,173
62$34,615,147$21,041,276$18,097,442$29,913,124
63$38,100,681$22,027,088$18,658,495$32,349,523
64$41,940,315$23,059,779$19,236,919$35,011,460
65$46,170,123$24,141,604$19,833,251$37,921,034
66$50,829,855$25,274,923$20,448,045$41,102,566
67$55,963,318$26,462,211$21,081,872$44,582,815
68$61,618,781$27,706,064$21,735,319$48,391,229
69$67,849,438$29,009,203$22,408,994$52,560,221
70$74,713,907$30,374,480$23,103,522$57,125,461
71$82,276,783$31,804,887$23,819,547$62,126,215
72$90,609,246$33,303,558$24,557,733$67,605,703
73$99,789,738$34,873,781$25,318,766$73,611,505
74$109,904,699$36,519,004$26,103,352$80,196,003
75$121,049,382$38,242,838$26,912,218$87,416,863
76$133,328,756$40,049,075$27,746,115$95,337,579
77$146,858,495$41,941,686$28,605,816$104,028,062
78$161,766,069$43,924,836$29,492,118$113,565,290
79$178,191,948$46,002,893$30,405,844$124,034,028
80$196,290,928$48,180,435$31,347,841$135,527,621
81$216,233,590$50,462,265$32,318,981$148,148,861
82$238,207,915$52,853,414$33,320,166$162,010,953
83$262,421,054$55,359,163$34,352,323$177,238,572
84$289,101,285$57,985,046$35,416,409$193,969,028
85$318,500,168$60,736,865$36,513,411$212,353,553
86$350,894,920$63,620,706$37,644,345$232,558,716
87$386,591,030$66,642,948$38,810,258$254,767,984
88$425,925,145$69,810,283$40,012,232$279,183,442
89$469,268,247$73,129,724$41,251,379$306,027,688
90$517,029,156$76,608,629$42,528,848$335,545,919
91$569,658,388$80,254,709$43,845,822$368,008,233
92$627,652,407$84,076,053$45,203,521$403,712,164
93$691,558,315$88,081,143$46,603,202$442,985,474
94$761,979,015$92,278,871$48,046,161$486,189,232
95$839,578,902$96,678,563$49,533,735$533,721,207
96$925,090,135$101,289,997$51,067,300$586,019,603
97$1,019,319,551$106,123,429$52,648,276$643,567,177
98$1,123,156,278$111,189,611$54,278,127$706,895,781
99$1,237,580,136$116,499,819$55,958,361$776,591,357
100$1,363,670,877$122,065,877$57,690,534$853,299,453