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%14.4%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,088,253
2 years$568,242$557,659$547,403$537,458$527,812$507,581
3 years$375,065$364,436$354,206$344,355$334,866$315,186
4 years$278,495$267,899$257,771$248,088$238,829$219,852
5 years$220,569$210,036$200,041$190,555$181,554$163,335
6 years$181,964$171,510$161,663$152,389$143,658$126,216
7 years$154,399$144,034$134,343$125,287$116,832$100,173
8 years$133,736$123,464$113,933$105,100$96,923$81,043
9 years$117,672$107,498$98,131$89,522$81,624$66,512
10 years$104,829$94,754$85,552$77,169$69,547$55,191
11 years$94,328$84,354$75,319$67,160$59,813$46,196
12 years$85,583$75,711$66,844$58,908$51,833$38,936
13 years$78,190$68,421$59,720$52,007$45,199$33,003
14 years$71,858$62,193$53,659$46,166$39,621$28,104
15 years$66,375$56,814$48,447$41,172$34,886$24,024
16 years$61,582$52,126$43,924$36,865$30,832$20,602
17 years$57,358$48,006$39,969$33,123$27,338$17,716
18 years$53,607$44,360$36,487$29,851$24,308$15,269
19 years$50,255$41,112$33,402$26,973$21,666$13,185
20 years$47,242$38,203$30,655$24,429$19,352$11,405
21 years$44,519$35,585$28,196$22,171$17,318$9,879
22 years$42,047$33,217$25,987$20,158$15,523$8,567
23 years$39,794$31,067$23,995$18,359$13,935$7,438
24 years$37,731$29,108$22,191$16,744$12,525$6,463
25 years$35,836$27,317$20,553$15,292$11,270$5,620
26 years$34,090$25,673$19,062$13,982$10,152$4,891
27 years$32,476$24,161$17,701$12,798$9,153$4,258
28 years$30,980$22,767$16,455$11,726$8,259$3,710
29 years$29,590$21,478$15,313$10,753$7,457$3,233
30 years$28,294$20,284$14,264$9,868$6,738$2,819
31 years$27,085$19,175$13,297$9,063$6,092$2,458
32 years$25,954$18,144$12,407$8,329$5,511$2,145
33 years$24,893$17,182$11,584$7,660$4,987$1,871
34 years$23,897$16,285$10,824$7,047$4,515$1,633
35 years$22,960$15,446$10,119$6,488$4,090$1,426
36 years$22,076$14,660$9,466$5,975$3,705$1,245
37 years$21,243$13,924$8,860$5,505$3,358$1,087
38 years$20,455$13,233$8,297$5,074$3,045$950
39 years$19,710$12,583$7,774$4,679$2,761$829
40 years$19,003$11,972$7,286$4,315$2,504$725
41 years$18,333$11,396$6,832$3,981$2,272$633
42 years$17,697$10,853$6,409$3,674$2,062$553
43 years$17,091$10,341$6,014$3,392$1,871$483
44 years$16,515$9,857$5,645$3,132$1,698$422
45 years$15,966$9,400$5,301$2,892$1,542$369
46 years$15,442$8,967$4,978$2,672$1,400$322
47 years$14,943$8,557$4,677$2,468$1,271$282
48 years$14,465$8,169$4,395$2,281$1,154$246
49 years$14,008$7,801$4,131$2,108$1,048$215
50 years$13,571$7,452$3,884$1,948$952$188

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 $2,007 every year, while hoping to spend $47,302 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: 72/23/5 Blend
52$13,900,000$13,900,000$13,900,000$13,900,000
53$15,319,870$14,583,170$14,367,720$16,416,152
54$16,832,168$15,247,417$14,798,710$17,803,131
55$18,497,135$15,942,626$15,242,552$19,314,987
56$20,330,293$16,670,265$15,699,628$20,968,807
57$22,348,746$17,431,871$16,170,329$22,778,550
58$24,571,342$18,229,057$16,655,059$24,759,582
59$27,018,848$19,063,509$17,154,232$26,928,809
60$29,714,148$19,936,999$17,668,277$29,304,838
61$32,682,459$20,851,380$18,197,632$31,908,147
62$35,951,568$21,808,595$18,742,751$34,761,276
63$39,552,094$22,810,683$19,304,099$37,889,034
64$43,517,779$23,859,777$19,882,157$41,318,734
65$47,885,801$24,958,115$20,477,418$45,080,440
66$52,697,131$26,108,041$21,090,391$49,207,253
67$57,996,917$27,312,014$21,721,597$53,735,614
68$63,834,909$28,572,609$22,371,577$58,705,646
69$70,265,928$29,892,525$23,040,883$64,161,528
70$77,350,387$31,274,593$23,730,087$70,151,906
71$85,154,857$32,721,779$24,439,775$76,730,345
72$93,752,697$34,237,190$25,170,552$83,955,833
73$103,224,745$35,824,086$25,923,039$91,893,330
74$113,660,085$37,485,882$26,697,877$100,614,374
75$125,156,882$39,226,158$27,495,724$110,197,752
76$137,823,311$41,048,667$28,317,258$120,730,236
77$151,778,579$42,957,342$29,163,176$132,307,394
78$167,154,050$44,956,307$30,034,198$145,034,486
79$184,094,481$47,049,884$30,931,061$159,027,453
80$202,759,393$49,242,604$31,854,528$174,413,996
81$223,324,576$51,539,216$32,805,379$191,334,781
82$245,983,745$53,944,700$33,784,421$209,944,751
83$270,950,371$56,464,274$34,792,483$230,414,587
84$298,459,696$59,103,411$35,830,419$252,932,302
85$328,770,952$61,867,845$36,899,105$277,705,011
86$362,169,810$64,763,590$37,999,446$304,960,876
87$398,971,074$67,796,950$39,132,371$334,951,243
88$439,521,655$70,974,533$40,298,837$367,953,010
89$484,203,845$74,303,266$41,499,829$404,271,225
90$533,438,925$77,790,413$42,736,361$444,241,953
91$587,691,140$81,443,588$44,009,474$488,235,439
92$647,472,087$85,270,775$45,320,242$536,659,584
93$713,345,539$89,280,342$46,669,769$589,963,786
94$785,932,769$93,481,063$48,059,191$648,643,163
95$865,918,414$97,882,139$49,489,677$713,243,215
96$954,056,942$102,493,212$50,962,431$784,364,955
97$1,051,179,767$107,324,397$52,478,689$862,670,566
98$1,158,203,104$112,386,293$54,039,726$948,889,632
99$1,276,136,616$117,690,017$55,646,852$1,043,826,012
100$1,406,092,945$123,247,222$57,301,416$1,148,365,401