Can I retire at age 53 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,059,140
2 years$547,802$537,599$527,712$518,125$508,826$499,359
3 years$361,573$351,327$341,464$331,968$322,820$313,574
4 years$268,478$258,263$248,499$239,164$230,238$221,284
5 years$212,635$202,481$192,845$183,701$175,023$166,388
6 years$175,418$165,341$155,848$146,907$138,490$130,184
7 years$148,845$138,853$129,510$120,780$112,629$104,657
8 years$128,925$119,023$109,835$101,320$93,437$85,797
9 years$113,439$103,631$94,601$86,302$78,687$71,378
10 years$101,058$91,345$82,475$74,393$67,046$60,063
11 years$90,935$81,319$72,610$64,744$57,661$51,000
12 years$82,505$72,988$64,439$56,789$49,968$43,621
13 years$75,377$65,960$57,572$50,137$43,573$37,534
14 years$69,273$59,956$51,729$44,506$38,196$32,456
15 years$63,987$54,771$46,704$39,691$33,631$28,183
16 years$59,367$50,251$42,344$35,539$29,723$24,558
17 years$55,295$46,279$38,532$31,932$26,354$21,463
18 years$51,679$42,764$35,174$28,777$23,433$18,806
19 years$48,447$39,633$32,200$26,002$20,887$16,515
20 years$45,542$36,829$29,552$23,550$18,656$14,530
21 years$42,918$34,305$27,182$21,373$16,695$12,805
22 years$40,535$32,022$25,053$19,433$14,965$11,301
23 years$38,362$29,950$23,132$17,698$13,433$9,986
24 years$36,374$28,061$21,393$16,142$12,074$8,834
25 years$34,547$26,334$19,814$14,742$10,865$7,822
26 years$32,864$24,750$18,376$13,479$9,787$6,932
27 years$31,308$23,292$17,064$12,338$8,824$6,148
28 years$29,866$21,948$15,863$11,304$7,962$5,456
29 years$28,525$20,706$14,762$10,366$7,189$4,845
30 years$27,277$19,554$13,750$9,513$6,496$4,304
31 years$26,111$18,485$12,819$8,737$5,873$3,826
32 years$25,020$17,491$11,960$8,030$5,312$3,402
33 years$23,997$16,564$11,168$7,384$4,808$3,026
34 years$23,037$15,699$10,434$6,794$4,353$2,693
35 years$22,134$14,890$9,755$6,254$3,943$2,397
36 years$21,282$14,133$9,126$5,760$3,572$2,134
37 years$20,479$13,423$8,542$5,307$3,238$1,900
38 years$19,720$12,757$7,999$4,892$2,935$1,692
39 years$19,001$12,130$7,494$4,510$2,662$1,507
40 years$18,320$11,541$7,024$4,160$2,414$1,343
41 years$17,674$10,986$6,586$3,838$2,190$1,197
42 years$17,060$10,463$6,178$3,542$1,987$1,066
43 years$16,477$9,969$5,798$3,270$1,804$950
44 years$15,921$9,502$5,442$3,019$1,637$847
45 years$15,392$9,061$5,110$2,788$1,486$755
46 years$14,887$8,644$4,799$2,576$1,350$673
47 years$14,405$8,249$4,509$2,380$1,225$600
48 years$13,945$7,875$4,237$2,199$1,113$535
49 years$13,504$7,520$3,983$2,032$1,011$477
50 years$13,083$7,184$3,744$1,878$918$425

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $13,400,000, adding $3,725 every year, while hoping to spend $28,870 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: 76/8/16 Blend
52$13,400,000$13,400,000$13,400,000$13,400,000
53$14,770,642$14,060,442$13,852,742$15,841,017
54$16,246,530$14,718,687$14,286,092$17,207,001
55$17,871,991$15,408,217$14,732,991$18,700,205
56$19,662,251$16,130,537$15,193,863$20,336,498
57$21,634,088$16,887,220$15,669,145$22,130,133
58$23,805,991$17,679,919$16,159,286$24,096,810
59$26,198,332$18,510,366$16,664,752$26,253,814
60$28,833,562$19,380,374$17,186,022$28,620,178
61$31,736,420$20,291,846$17,723,588$31,216,863
62$34,934,167$21,246,779$18,277,961$34,066,954
63$38,456,844$22,247,264$18,849,665$37,195,872
64$42,337,556$23,295,493$19,439,242$40,631,616
65$46,612,780$24,393,766$20,047,250$44,405,024
66$51,322,716$25,544,493$20,674,265$48,550,060
67$56,511,662$26,750,202$21,320,882$53,104,136
68$62,228,432$28,013,543$21,987,713$58,108,457
69$68,526,820$29,337,293$22,675,388$63,608,415
70$75,466,102$30,724,367$23,384,560$69,654,008
71$83,111,601$32,177,818$24,115,900$76,300,313
72$91,535,302$33,700,849$24,870,100$83,608,001
73$100,816,529$35,296,817$25,647,875$91,643,908
74$111,042,698$36,969,243$26,449,961$100,481,663
75$122,310,136$38,721,820$27,277,118$110,202,379
76$134,724,997$40,558,416$28,130,129$120,895,415
77$148,404,260$42,483,091$29,009,801$132,659,219
78$163,476,833$44,500,101$29,916,968$145,602,248
79$180,084,771$46,613,908$30,852,488$159,843,994
80$198,384,619$48,829,190$31,817,246$175,516,103
81$218,548,883$51,150,853$32,812,157$192,763,618
82$240,767,667$53,584,043$33,838,163$211,746,342
83$265,250,461$56,134,153$34,896,233$232,640,339
84$292,228,121$58,806,840$35,987,370$255,639,598
85$321,955,050$61,608,035$37,112,607$280,957,854
86$354,711,594$64,543,958$38,273,009$308,830,601
87$390,806,696$67,621,131$39,469,674$339,517,314
88$430,580,805$70,846,393$40,703,734$373,303,888
89$474,409,096$74,226,915$41,976,358$410,505,334
90$522,705,008$77,770,218$43,288,750$451,468,746
91$575,924,147$81,484,187$44,642,152$496,576,571
92$634,568,591$85,377,093$46,037,844$546,250,214
93$699,191,623$89,457,606$47,477,148$600,954,009
94$770,402,961$93,734,822$48,961,425$661,199,594
95$848,874,510$98,218,275$50,492,080$727,550,737
96$935,346,707$102,917,967$52,070,561$800,628,646
97$1,030,635,507$107,844,384$53,698,361$881,117,829
98$1,135,640,094$113,008,523$55,377,021$969,772,547
99$1,251,351,361$118,421,918$57,108,129$1,067,423,924
100$1,378,861,270$124,096,663$58,893,322$1,174,987,787