Can I retire at age 53 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,073,393
2 years$564,154$553,647$543,464$533,591$524,015$496,941
3 years$372,367$361,815$351,657$341,877$332,457$306,194
4 years$276,492$265,972$255,917$246,303$237,111$211,861
5 years$218,982$208,525$198,602$189,185$180,248$156,081
6 years$180,655$170,277$160,500$151,292$142,624$119,565
7 years$153,289$142,998$133,376$124,386$115,992$94,043
8 years$132,774$122,576$113,113$104,344$96,226$75,378
9 years$116,826$106,724$97,425$88,878$81,036$61,272
10 years$104,075$94,072$84,937$76,614$69,047$50,343
11 years$93,649$83,747$74,777$66,677$59,383$41,713
12 years$84,967$75,167$66,363$58,485$51,460$34,794
13 years$77,627$67,929$59,291$51,633$44,874$29,179
14 years$71,341$61,745$53,273$45,834$39,336$24,579
15 years$65,897$56,405$48,098$40,876$34,635$20,778
16 years$61,139$51,751$43,608$36,600$30,610$17,618
17 years$56,945$47,661$39,682$32,885$27,141$14,976
18 years$53,221$44,041$36,224$29,636$24,133$12,757
19 years$49,893$40,816$33,162$26,779$21,510$10,886
20 years$46,902$37,929$30,434$24,253$19,213$9,303
21 years$44,199$35,329$27,994$22,011$17,194$7,960
22 years$41,745$32,978$25,800$20,013$15,412$6,819
23 years$39,507$30,844$23,822$18,226$13,834$5,846
24 years$37,460$28,899$22,031$16,624$12,435$5,016
25 years$35,579$27,120$20,405$15,182$11,189$4,307
26 years$33,845$25,489$18,925$13,881$10,079$3,700
27 years$32,243$23,988$17,574$12,706$9,087$3,180
28 years$30,757$22,603$16,337$11,641$8,199$2,735
29 years$29,377$21,324$15,203$10,675$7,404$2,352
30 years$28,091$20,138$14,161$9,797$6,690$2,024
31 years$26,890$19,037$13,202$8,998$6,048$1,742
32 years$25,767$18,013$12,318$8,269$5,471$1,500
33 years$24,714$17,059$11,501$7,604$4,951$1,291
34 years$23,725$16,168$10,746$6,997$4,483$1,112
35 years$22,794$15,335$10,047$6,441$4,060$958
36 years$21,918$14,555$9,398$5,932$3,679$825
37 years$21,090$13,824$8,797$5,465$3,334$711
38 years$20,308$13,138$8,238$5,038$3,023$612
39 years$19,568$12,493$7,718$4,645$2,741$528
40 years$18,867$11,886$7,234$4,284$2,486$455
41 years$18,201$11,314$6,783$3,953$2,256$392
42 years$17,569$10,775$6,363$3,648$2,047$338
43 years$16,968$10,266$5,971$3,367$1,858$291
44 years$16,396$9,786$5,604$3,109$1,686$251
45 years$15,851$9,332$5,262$2,872$1,531$216
46 years$15,331$8,902$4,943$2,652$1,390$186
47 years$14,835$8,496$4,643$2,451$1,262$161
48 years$14,361$8,110$4,364$2,264$1,146$138
49 years$13,908$7,745$4,101$2,093$1,041$119
50 years$13,474$7,398$3,856$1,934$945$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $13,800,000, adding $4,943 every year, while hoping to spend $40,300 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: 74/12/14 Blend
52$13,800,000$13,800,000$13,800,000$13,800,000
53$15,212,699$14,481,299$14,267,399$16,292,469
54$16,721,515$15,148,003$14,702,478$17,673,883
55$18,382,880$15,846,026$15,150,781$19,181,541
56$20,212,311$16,576,859$15,612,709$20,832,359
57$22,226,907$17,342,065$16,088,675$22,640,537
58$24,445,509$18,143,284$16,579,104$24,621,708
59$26,888,880$18,982,233$17,084,432$26,793,082
60$29,579,897$19,860,714$17,605,112$29,173,609
61$32,543,770$20,780,613$18,141,608$31,784,151
62$35,808,281$21,743,909$18,694,398$34,647,682
63$39,404,041$22,752,676$19,263,975$37,789,497
64$43,364,783$23,809,087$19,850,848$41,237,452
65$47,727,679$24,915,420$20,455,539$45,022,222
66$52,533,690$26,074,064$21,078,588$49,177,591
67$57,827,955$27,287,521$21,720,549$53,740,762
68$63,660,213$28,558,417$22,381,994$58,752,711
69$70,085,276$29,889,501$23,063,513$64,258,567
70$77,163,546$31,283,657$23,765,712$70,308,036
71$84,961,580$32,743,909$24,489,215$76,955,868
72$93,552,725$34,273,425$25,234,668$84,262,367
73$103,017,807$35,875,526$26,002,733$92,293,959
74$113,445,892$37,553,696$26,794,094$101,123,813
75$124,935,130$39,311,584$27,609,453$110,832,531
76$137,593,680$41,153,019$28,449,536$121,508,899
77$151,540,730$43,082,011$29,315,090$133,250,728
78$166,907,622$45,102,767$30,206,884$146,165,765
79$183,839,094$47,219,698$31,125,709$160,372,711
80$202,494,644$49,437,425$32,072,382$176,002,332
81$223,050,034$51,760,795$33,047,744$193,198,693
82$245,698,954$54,194,890$34,052,659$212,120,508
83$270,654,845$56,745,037$35,088,021$232,942,634
84$298,152,916$59,416,822$36,154,747$255,857,715
85$328,452,366$62,216,098$37,253,783$281,077,998
86$361,838,827$65,149,007$38,386,105$308,837,324
87$398,627,063$68,221,984$39,552,715$339,393,331
88$439,163,941$71,441,779$40,754,649$373,029,883
89$483,831,703$74,815,466$41,992,969$410,059,736
90$533,051,578$78,350,464$43,268,775$450,827,485
91$587,287,754$82,054,553$44,583,194$495,712,811
92$647,051,766$85,935,886$45,937,392$545,134,055
93$712,907,317$90,003,016$47,332,566$599,552,155
94$785,475,607$94,264,908$48,769,950$659,474,996
95$865,441,193$98,730,962$50,250,818$725,462,188
96$953,558,451$103,411,036$51,776,476$798,130,339
97$1,050,658,701$108,315,464$53,348,276$878,158,871
98$1,157,658,050$113,455,084$54,967,606$966,296,418
99$1,275,566,047$118,841,258$56,635,896$1,063,367,883
100$1,405,495,206$124,485,902$58,354,620$1,170,282,212