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%17.2%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,029,499
2 years$543,714$533,587$523,774$514,258$505,029$473,987
3 years$358,875$348,705$338,916$329,490$320,411$290,361
4 years$266,474$256,335$246,644$237,379$228,520$199,692
5 years$211,048$200,970$191,406$182,330$173,717$146,191
6 years$174,109$164,107$154,685$145,811$137,456$111,256
7 years$147,735$137,817$128,544$119,879$111,789$86,914
8 years$127,963$118,135$109,015$100,564$92,740$69,176
9 years$112,593$102,857$93,895$85,658$78,100$55,823
10 years$100,304$90,664$81,860$73,838$66,545$45,525
11 years$90,256$80,713$72,068$64,261$57,231$37,431
12 years$81,889$72,443$63,958$56,366$49,595$30,977
13 years$74,814$65,468$57,143$49,762$43,248$25,769
14 years$68,756$59,508$51,343$44,173$37,911$21,528
15 years$63,510$54,362$46,356$39,395$33,380$18,046
16 years$58,924$49,876$42,028$35,274$29,501$15,171
17 years$54,882$45,934$38,244$31,693$26,158$12,784
18 years$51,293$42,445$34,912$28,562$23,258$10,793
19 years$48,086$39,338$31,960$25,808$20,731$9,128
20 years$45,202$36,554$29,331$23,374$18,517$7,730
21 years$42,597$34,049$26,979$21,214$16,571$6,553
22 years$40,232$31,783$24,866$19,288$14,853$5,561
23 years$38,076$29,726$22,959$17,566$13,333$4,723
24 years$36,102$27,852$21,233$16,021$11,984$4,014
25 years$34,289$26,137$19,666$14,632$10,784$3,414
26 years$32,619$24,565$18,239$13,378$9,714$2,905
27 years$31,074$23,119$16,937$12,246$8,758$2,472
28 years$29,643$21,784$15,745$11,220$7,902$2,105
29 years$28,312$20,551$14,652$10,289$7,136$1,793
30 years$27,073$19,408$13,648$9,442$6,447$1,528
31 years$25,916$18,347$12,723$8,672$5,829$1,302
32 years$24,833$17,360$11,871$7,970$5,273$1,110
33 years$23,818$16,441$11,084$7,329$4,772$946
34 years$22,865$15,582$10,356$6,743$4,320$806
35 years$21,968$14,779$9,683$6,208$3,913$688
36 years$21,123$14,028$9,058$5,717$3,546$586
37 years$20,326$13,323$8,478$5,267$3,213$500
38 years$19,572$12,662$7,939$4,855$2,913$427
39 years$18,859$12,040$7,438$4,477$2,642$364
40 years$18,183$11,455$6,972$4,129$2,396$310
41 years$17,542$10,904$6,537$3,810$2,174$265
42 years$16,933$10,385$6,132$3,516$1,973$226
43 years$16,354$9,895$5,754$3,245$1,790$193
44 years$15,802$9,432$5,401$2,997$1,625$164
45 years$15,277$8,994$5,072$2,768$1,475$140
46 years$14,776$8,580$4,764$2,556$1,339$120
47 years$14,298$8,188$4,475$2,362$1,216$102
48 years$13,841$7,816$4,205$2,182$1,105$87
49 years$13,404$7,464$3,953$2,017$1,003$74
50 years$12,985$7,130$3,716$1,864$911$63

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 $5,114 every year, while hoping to spend $39,761 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: 56/36/8 Blend
52$13,300,000$13,300,000$13,300,000$13,300,000
53$14,661,875$13,956,975$13,750,825$15,455,358
54$16,115,081$14,598,561$14,169,172$16,632,723
55$17,715,181$15,270,253$14,600,202$17,909,575
56$19,477,117$15,973,483$15,044,296$19,299,293
57$21,417,352$16,709,753$15,501,849$20,812,636
58$23,554,029$17,480,638$15,973,268$22,461,429
59$25,907,139$18,287,787$16,458,971$24,258,667
60$28,498,709$19,132,931$16,959,388$26,218,632
61$31,353,014$20,017,882$17,474,965$28,357,026
62$34,496,803$20,944,539$18,006,157$30,691,111
63$37,959,550$21,914,895$18,553,437$33,239,868
64$41,773,736$22,931,036$19,117,289$36,024,169
65$45,975,151$23,995,152$19,698,213$39,066,971
66$50,603,237$25,109,534$20,296,723$42,393,520
67$55,701,454$26,276,588$20,913,350$46,031,590
68$61,317,694$27,498,833$21,548,639$50,011,734
69$67,504,734$28,778,911$22,203,153$54,367,563
70$74,320,730$30,119,590$22,877,472$59,136,061
71$81,829,769$31,523,774$23,572,191$64,357,924
72$90,102,471$32,994,506$24,287,926$70,077,933
73$99,216,661$34,534,974$25,025,309$76,345,372
74$109,258,095$36,148,523$25,784,992$83,214,479
75$120,321,278$37,838,658$26,567,647$90,744,955
76$132,510,350$39,609,053$27,373,964$99,002,511
77$145,940,071$41,463,561$28,204,657$108,059,483
78$160,736,903$43,406,221$29,060,458$117,995,498
79$177,040,207$45,441,266$29,942,123$128,898,221
80$195,003,555$47,573,134$30,850,431$140,864,163
81$214,796,179$49,806,480$31,786,182$153,999,587
82$236,604,572$52,146,180$32,750,202$168,421,491
83$260,634,245$54,597,350$33,743,341$184,258,701
84$287,111,670$57,165,352$34,766,474$201,653,076
85$316,286,413$59,855,806$35,820,503$220,760,825
86$348,433,494$62,674,608$36,906,357$241,753,973
87$383,855,982$65,627,935$38,024,992$264,821,960
88$422,887,855$68,722,267$39,177,393$290,173,421
89$465,897,155$71,964,397$40,364,574$318,038,130
90$513,289,457$75,361,445$41,587,579$348,669,152
91$565,511,704$78,920,878$42,847,485$382,345,214
92$623,056,422$82,650,525$44,145,400$419,373,311
93$686,466,370$86,558,594$45,482,465$460,091,586
94$756,339,667$90,653,692$46,859,854$504,872,496
95$833,335,432$94,944,842$48,278,778$554,126,306
96$918,180,012$99,441,505$49,740,484$608,304,935
97$1,011,673,838$104,153,603$51,246,254$667,906,198
98$1,114,698,976$109,091,537$52,797,410$733,478,473
99$1,228,227,462$114,266,213$54,395,314$805,625,856
100$1,353,330,474$119,689,068$56,041,368$885,013,826