Can I retire at age 53 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,089,595
2 years$568,242$557,659$547,403$537,458$527,812$508,919
3 years$375,065$364,436$354,206$344,355$334,866$316,478
4 years$278,495$267,899$257,771$248,088$238,829$221,088
5 years$220,569$210,036$200,041$190,555$181,554$164,511
6 years$181,964$171,510$161,663$152,389$143,658$127,332
7 years$154,399$144,034$134,343$125,287$116,832$101,229
8 years$133,736$123,464$113,933$105,100$96,923$82,040
9 years$117,672$107,498$98,131$89,522$81,624$67,451
10 years$104,829$94,754$85,552$77,169$69,547$56,073
11 years$94,328$84,354$75,319$67,160$59,813$47,023
12 years$85,583$75,711$66,844$58,908$51,833$39,710
13 years$78,190$68,421$59,720$52,007$45,199$33,726
14 years$71,858$62,193$53,659$46,166$39,621$28,777
15 years$66,375$56,814$48,447$41,172$34,886$24,651
16 years$61,582$52,126$43,924$36,865$30,832$21,184
17 years$57,358$48,006$39,969$33,123$27,338$18,255
18 years$53,607$44,360$36,487$29,851$24,308$15,768
19 years$50,255$41,112$33,402$26,973$21,666$13,646
20 years$47,242$38,203$30,655$24,429$19,352$11,830
21 years$44,519$35,585$28,196$22,171$17,318$10,270
22 years$42,047$33,217$25,987$20,158$15,523$8,928
23 years$39,794$31,067$23,995$18,359$13,935$7,769
24 years$37,731$29,108$22,191$16,744$12,525$6,766
25 years$35,836$27,317$20,553$15,292$11,270$5,898
26 years$34,090$25,673$19,062$13,982$10,152$5,145
27 years$32,476$24,161$17,701$12,798$9,153$4,490
28 years$30,980$22,767$16,455$11,726$8,259$3,921
29 years$29,590$21,478$15,313$10,753$7,457$3,426
30 years$28,294$20,284$14,264$9,868$6,738$2,994
31 years$27,085$19,175$13,297$9,063$6,092$2,618
32 years$25,954$18,144$12,407$8,329$5,511$2,290
33 years$24,893$17,182$11,584$7,660$4,987$2,003
34 years$23,897$16,285$10,824$7,047$4,515$1,753
35 years$22,960$15,446$10,119$6,488$4,090$1,534
36 years$22,076$14,660$9,466$5,975$3,705$1,343
37 years$21,243$13,924$8,860$5,505$3,358$1,176
38 years$20,455$13,233$8,297$5,074$3,045$1,029
39 years$19,710$12,583$7,774$4,679$2,761$901
40 years$19,003$11,972$7,286$4,315$2,504$789
41 years$18,333$11,396$6,832$3,981$2,272$691
42 years$17,697$10,853$6,409$3,674$2,062$606
43 years$17,091$10,341$6,014$3,392$1,871$531
44 years$16,515$9,857$5,645$3,132$1,698$465
45 years$15,966$9,400$5,301$2,892$1,542$407
46 years$15,442$8,967$4,978$2,672$1,400$357
47 years$14,943$8,557$4,677$2,468$1,271$313
48 years$14,465$8,169$4,395$2,281$1,154$274
49 years$14,008$7,801$4,131$2,108$1,048$240
50 years$13,571$7,452$3,884$1,948$952$210

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $13,900,000, adding $4,542 every year, while hoping to spend $35,941 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: 65/26/9 Blend
52$13,900,000$13,900,000$13,900,000$13,900,000
53$15,322,485$14,585,785$14,370,335$16,289,895
54$16,847,138$15,262,248$14,813,500$17,611,246
55$18,526,100$15,970,652$15,270,307$19,049,686
56$20,375,074$16,712,526$15,741,174$20,620,344
57$22,411,362$17,489,470$16,226,534$22,336,092
58$24,654,029$18,303,162$16,726,831$24,211,084
59$27,124,085$19,155,362$17,242,524$26,260,893
60$29,844,679$20,047,912$17,774,087$28,502,648
61$32,841,323$20,982,747$18,322,006$30,955,194
62$36,142,129$21,961,892$18,886,783$33,639,269
63$39,778,072$22,987,471$19,468,937$36,577,687
64$43,783,290$24,061,711$20,069,000$39,795,558
65$48,195,397$25,186,946$20,687,523$43,320,514
66$53,055,844$26,365,624$21,325,072$47,182,966
67$58,410,310$27,600,309$21,982,231$51,416,386
68$64,309,128$28,893,690$22,659,603$56,057,620
69$70,807,766$30,248,588$23,357,806$61,147,226
70$77,967,347$31,667,958$24,077,482$66,729,850
71$85,855,226$33,154,898$24,819,288$72,854,648
72$94,545,629$34,712,658$25,583,903$79,575,735
73$104,120,348$36,344,642$26,372,029$86,952,693
74$114,669,516$38,054,423$27,184,384$95,051,128
75$126,292,459$39,845,742$28,021,714$103,943,275
76$139,098,633$41,722,526$28,884,784$113,708,679
77$153,208,653$43,688,890$29,774,384$124,434,934
78$168,755,436$45,749,146$30,691,327$136,218,500
79$185,885,456$47,907,820$31,636,452$149,165,609
80$204,760,122$50,169,653$32,610,622$163,393,252
81$225,557,307$52,539,617$33,614,730$179,030,278
82$248,473,021$55,022,927$34,649,692$196,218,597
83$273,723,267$57,625,049$35,716,455$215,114,511
84$301,546,077$60,351,713$36,815,993$235,890,178
85$332,203,760$63,208,930$37,949,312$258,735,219
86$365,985,376$66,203,000$39,117,446$283,858,506
87$403,209,467$69,340,529$40,321,463$311,490,110
88$444,227,063$72,628,446$41,562,462$341,883,467
89$489,424,995$76,074,012$42,841,577$375,317,751
90$539,229,551$79,684,845$44,159,976$412,100,496
91$594,110,492$83,468,929$45,518,862$452,570,483
92$654,585,494$87,434,638$46,919,476$497,100,925
93$721,225,032$91,590,753$48,363,096$546,102,964
94$794,657,765$95,946,480$49,851,039$600,029,544
95$875,576,472$100,511,472$51,384,664$659,379,661
96$964,744,591$105,295,853$52,965,369$724,703,059
97$1,063,003,426$110,310,237$54,594,596$796,605,392
98$1,171,280,092$115,565,755$56,273,831$875,753,927
99$1,290,596,262$121,074,078$58,004,606$962,883,814
100$1,422,077,819$126,847,445$59,788,498$1,058,805,009