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

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,049,527
2 years$560,066$549,635$539,526$529,725$520,218$477,492
3 years$369,668$359,193$349,109$339,400$330,048$288,871
4 years$274,488$264,045$254,062$244,518$235,393$196,079
5 years$217,395$207,014$197,163$187,814$178,942$141,591
6 years$179,346$169,043$159,337$150,196$141,591$106,227
7 years$152,178$141,962$132,410$123,484$115,151$81,762
8 years$131,811$121,687$112,294$103,588$95,529$64,082
9 years$115,979$105,951$96,719$88,234$80,449$50,897
10 years$103,321$93,390$84,321$76,059$68,547$40,832
11 years$92,971$83,140$74,235$66,194$58,952$33,011
12 years$84,352$74,622$65,882$58,061$51,087$26,850
13 years$77,065$67,437$58,861$51,259$44,549$21,944
14 years$70,824$61,298$52,887$45,502$39,051$18,003
15 years$65,420$55,997$47,750$40,580$34,384$14,815
16 years$60,696$51,376$43,292$36,335$30,388$12,223
17 years$56,533$47,315$39,394$32,647$26,945$10,104
18 years$52,836$43,721$35,962$29,421$23,958$8,367
19 years$49,532$40,521$32,921$26,584$21,354$6,938
20 years$46,562$37,654$30,214$24,077$19,074$5,760
21 years$43,878$35,073$27,791$21,852$17,069$4,786
22 years$41,442$32,739$25,613$19,868$15,300$3,980
23 years$39,221$30,620$23,649$18,094$13,734$3,311
24 years$37,188$28,689$21,872$16,503$12,345$2,757
25 years$35,321$26,924$20,258$15,072$11,108$2,296
26 years$33,600$25,304$18,788$13,781$10,006$1,913
27 years$32,009$23,814$17,446$12,614$9,021$1,595
28 years$30,534$22,440$16,219$11,557$8,140$1,329
29 years$29,164$21,169$15,093$10,598$7,350$1,108
30 years$27,887$19,992$14,058$9,726$6,641$924
31 years$26,695$18,899$13,106$8,933$6,004$771
32 years$25,580$17,882$12,228$8,210$5,431$643
33 years$24,535$16,935$11,418$7,549$4,915$537
34 years$23,553$16,051$10,668$6,946$4,450$448
35 years$22,629$15,224$9,974$6,394$4,031$374
36 years$21,759$14,449$9,330$5,889$3,652$312
37 years$20,937$13,724$8,733$5,426$3,310$260
38 years$20,161$13,042$8,178$5,001$3,001$217
39 years$19,426$12,402$7,662$4,611$2,721$181
40 years$18,730$11,800$7,182$4,253$2,468$151
41 years$18,070$11,232$6,734$3,924$2,239$126
42 years$17,442$10,697$6,317$3,622$2,032$105
43 years$16,845$10,192$5,927$3,343$1,844$88
44 years$16,278$9,715$5,564$3,087$1,674$73
45 years$15,736$9,264$5,224$2,851$1,520$61
46 years$15,220$8,838$4,907$2,633$1,380$51
47 years$14,728$8,434$4,610$2,433$1,253$43
48 years$14,257$8,051$4,332$2,248$1,138$36
49 years$13,807$7,689$4,072$2,078$1,033$30
50 years$13,376$7,344$3,828$1,920$939$25

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 $5,497 every year, while hoping to spend $51,972 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: 81/14/5 Blend
52$13,700,000$13,700,000$13,700,000$13,700,000
53$15,103,070$14,376,970$14,164,620$16,324,144
54$16,588,286$15,026,144$14,583,837$17,772,435
55$18,223,251$15,705,385$15,015,356$19,354,049
56$20,023,186$16,416,113$15,459,534$21,088,201
57$22,004,861$17,159,812$15,916,739$22,990,099
58$24,186,756$17,938,042$16,387,348$25,076,485
59$26,589,231$18,752,432$16,871,750$27,365,796
60$29,234,725$19,604,694$17,370,347$29,878,330
61$32,147,962$20,496,618$17,883,548$32,636,442
62$35,356,184$21,430,083$18,411,777$35,664,747
63$38,889,412$22,407,054$18,955,469$38,990,355
64$42,780,727$23,429,595$19,515,072$42,643,118
65$47,066,581$24,499,865$20,091,047$46,655,917
66$51,787,142$25,620,128$20,683,866$51,064,963
67$56,986,673$26,792,757$21,294,018$55,910,141
68$62,713,949$28,020,237$21,922,003$61,235,378
69$69,022,719$29,305,176$22,568,337$67,089,063
70$75,972,209$30,650,302$23,233,549$73,524,489
71$83,627,686$32,058,479$23,918,185$80,600,366
72$92,061,071$33,532,705$24,622,805$88,381,358
73$101,351,616$35,076,124$25,347,985$96,938,703
74$111,586,658$36,692,030$26,094,319$106,350,871
75$122,862,434$38,383,877$26,862,416$116,704,306
76$135,284,999$40,155,284$27,652,904$128,094,237
77$148,971,219$42,010,043$28,466,426$140,625,574
78$164,049,879$43,952,131$29,303,647$154,413,890
79$180,662,896$45,985,714$30,165,248$169,586,510
80$198,966,658$48,115,161$31,051,931$186,283,709
81$219,133,502$50,345,049$31,964,416$204,660,027
82$241,353,340$52,680,177$32,903,445$224,885,727
83$265,835,451$55,125,576$33,869,780$247,148,394
84$292,810,455$57,686,517$34,864,206$271,654,699
85$322,532,493$60,368,528$35,887,528$298,632,347
86$355,281,622$63,177,401$36,940,576$328,332,218
87$391,366,464$66,119,210$38,024,201$361,030,728
88$431,127,113$69,200,320$39,139,281$397,032,434
89$474,938,347$72,427,405$40,286,716$436,672,897
90$523,213,170$75,807,459$41,467,432$480,321,848
91$576,406,705$79,347,816$42,682,383$528,386,665
92$635,020,492$83,056,163$43,932,546$581,316,215
93$699,607,226$86,940,559$45,218,930$639,605,077
94$770,775,968$91,009,451$46,542,569$703,798,208
95$849,197,899$95,271,696$47,904,527$774,496,073
96$935,612,654$99,736,579$49,305,898$852,360,307
97$1,030,835,306$104,413,832$50,747,808$938,119,947
98$1,135,764,059$109,313,662$52,231,411$1,032,578,307
99$1,251,388,727$114,446,765$53,757,897$1,136,620,548
100$1,378,800,078$119,824,357$55,328,487$1,251,222,023