Can I retire at age 53 with 13,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,080,150
2 years$560,066$549,635$539,526$529,725$520,218$507,828
3 years$369,668$359,193$349,109$339,400$330,048$317,960
4 years$274,488$264,045$254,062$244,518$235,393$223,700
5 years$217,395$207,014$197,163$187,814$178,942$167,678
6 years$179,346$169,043$159,337$150,196$141,591$130,770
7 years$152,178$141,962$132,410$123,484$115,151$104,778
8 years$131,811$121,687$112,294$103,588$95,529$85,603
9 years$115,979$105,951$96,719$88,234$80,449$70,966
10 years$103,321$93,390$84,321$76,059$68,547$59,500
11 years$92,971$83,140$74,235$66,194$58,952$50,335
12 years$84,352$74,622$65,882$58,061$51,087$42,889
13 years$77,065$67,437$58,861$51,259$44,549$36,761
14 years$70,824$61,298$52,887$45,502$39,051$31,662
15 years$65,420$55,997$47,750$40,580$34,384$27,382
16 years$60,696$51,376$43,292$36,335$30,388$23,762
17 years$56,533$47,315$39,394$32,647$26,945$20,681
18 years$52,836$43,721$35,962$29,421$23,958$18,044
19 years$49,532$40,521$32,921$26,584$21,354$15,777
20 years$46,562$37,654$30,214$24,077$19,074$13,820
21 years$43,878$35,073$27,791$21,852$17,069$12,125
22 years$41,442$32,739$25,613$19,868$15,300$10,652
23 years$39,221$30,620$23,649$18,094$13,734$9,370
24 years$37,188$28,689$21,872$16,503$12,345$8,250
25 years$35,321$26,924$20,258$15,072$11,108$7,271
26 years$33,600$25,304$18,788$13,781$10,006$6,414
27 years$32,009$23,814$17,446$12,614$9,021$5,661
28 years$30,534$22,440$16,219$11,557$8,140$5,000
29 years$29,164$21,169$15,093$10,598$7,350$4,418
30 years$27,887$19,992$14,058$9,726$6,641$3,906
31 years$26,695$18,899$13,106$8,933$6,004$3,455
32 years$25,580$17,882$12,228$8,210$5,431$3,057
33 years$24,535$16,935$11,418$7,549$4,915$2,706
34 years$23,553$16,051$10,668$6,946$4,450$2,395
35 years$22,629$15,224$9,974$6,394$4,031$2,121
36 years$21,759$14,449$9,330$5,889$3,652$1,879
37 years$20,937$13,724$8,733$5,426$3,310$1,665
38 years$20,161$13,042$8,178$5,001$3,001$1,475
39 years$19,426$12,402$7,662$4,611$2,721$1,307
40 years$18,730$11,800$7,182$4,253$2,468$1,159
41 years$18,070$11,232$6,734$3,924$2,239$1,027
42 years$17,442$10,697$6,317$3,622$2,032$911
43 years$16,845$10,192$5,927$3,343$1,844$807
44 years$16,278$9,715$5,564$3,087$1,674$716
45 years$15,736$9,264$5,224$2,851$1,520$635
46 years$15,220$8,838$4,907$2,633$1,380$563
47 years$14,728$8,434$4,610$2,433$1,253$499
48 years$14,257$8,051$4,332$2,248$1,138$443
49 years$13,807$7,689$4,072$2,078$1,033$393
50 years$13,376$7,344$3,828$1,920$939$348

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $13,700,000, adding $5,164 every year, while hoping to spend $20,437 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: 75/13/12 Blend
52$13,700,000$13,700,000$13,700,000$13,700,000
53$15,102,727$14,376,627$14,164,277$16,199,135
54$16,621,460$15,059,337$14,617,035$17,605,973
55$18,294,419$15,774,814$15,084,276$19,144,250
56$20,137,314$16,524,644$15,566,463$20,829,518
57$22,167,454$17,310,486$16,064,074$22,676,372
58$24,403,918$18,134,083$16,577,604$24,700,877
59$26,867,725$18,997,261$17,107,561$26,920,718
60$29,582,041$19,901,935$17,654,473$29,355,367
61$32,572,392$20,850,112$18,218,880$32,026,265
62$35,866,908$21,843,900$18,801,345$34,957,016
63$39,496,586$22,885,505$19,402,443$38,173,614
64$43,495,587$23,977,243$20,022,774$41,704,680
65$47,901,551$25,121,542$20,662,951$45,581,733
66$52,755,960$26,320,949$21,323,611$49,839,484
67$58,104,525$27,578,132$22,005,409$54,516,158
68$63,997,619$28,895,893$22,709,022$59,653,854
69$70,490,750$30,277,166$23,435,149$65,298,938
70$77,645,091$31,725,031$24,184,511$71,502,477
71$85,528,049$33,242,717$24,957,851$78,320,716
72$94,213,909$34,833,608$25,755,937$85,815,608
73$103,784,529$36,501,256$26,579,562$94,055,392
74$114,330,117$38,249,384$27,429,544$103,115,236
75$125,950,082$40,081,897$28,306,727$113,077,935
76$138,753,969$42,002,889$29,211,981$124,034,698
77$152,862,498$44,016,655$30,146,207$136,085,995
78$168,408,699$46,127,697$31,110,331$149,342,505
79$185,539,171$48,340,739$32,105,311$163,926,155
80$204,415,464$50,660,732$33,132,136$179,971,264
81$225,215,604$53,092,871$34,191,826$197,625,807
82$248,135,776$55,642,602$35,285,432$217,052,802
83$273,392,173$58,315,637$36,414,042$238,431,848
84$301,223,039$61,117,968$37,578,777$261,960,809
85$331,890,916$64,055,876$38,780,794$287,857,678
86$365,685,126$67,135,950$40,021,286$316,362,623
87$402,924,497$70,365,100$41,301,488$347,740,254
88$443,960,378$73,750,571$42,622,669$382,282,104
89$489,179,952$77,299,965$43,986,145$420,309,383
90$539,009,895$81,021,251$45,393,268$462,175,990
91$593,920,400$84,922,789$46,845,439$508,271,855
92$654,429,619$89,013,343$48,344,099$559,026,604
93$721,108,552$93,302,109$49,890,738$614,913,609
94$794,586,440$97,798,728$51,486,894$676,454,443
95$875,556,705$102,513,314$53,134,153$744,223,793
96$964,783,494$107,456,471$54,834,152$818,854,879
97$1,063,108,895$112,639,323$56,588,581$901,045,412
98$1,171,460,888$118,073,536$58,399,184$991,564,175
99$1,290,862,104$123,771,344$60,267,762$1,091,258,263
100$1,422,439,477$129,745,579$62,196,171$1,201,061,071