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%18.8%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,069,078
2 years$568,242$557,659$547,403$537,458$527,812$488,610
3 years$375,065$364,436$354,206$344,355$334,866$297,020
4 years$278,495$267,899$257,771$248,088$238,829$202,630
5 years$220,569$210,036$200,041$190,555$181,554$147,096
6 years$181,964$171,510$161,663$152,389$143,658$110,966
7 years$154,399$144,034$134,343$125,287$116,832$85,901
8 years$133,736$123,464$113,933$105,100$96,923$67,726
9 years$117,672$107,498$98,131$89,522$81,624$54,123
10 years$104,829$94,754$85,552$77,169$69,547$43,696
11 years$94,328$84,354$75,319$67,160$59,813$35,558
12 years$85,583$75,711$66,844$58,908$51,833$29,115
13 years$78,190$68,421$59,720$52,007$45,199$23,959
14 years$71,858$62,193$53,659$46,166$39,621$19,794
15 years$66,375$56,814$48,447$41,172$34,886$16,406
16 years$61,582$52,126$43,924$36,865$30,832$13,634
17 years$57,358$48,006$39,969$33,123$27,338$11,354
18 years$53,607$44,360$36,487$29,851$24,308$9,473
19 years$50,255$41,112$33,402$26,973$21,666$7,915
20 years$47,242$38,203$30,655$24,429$19,352$6,621
21 years$44,519$35,585$28,196$22,171$17,318$5,544
22 years$42,047$33,217$25,987$20,158$15,523$4,647
23 years$39,794$31,067$23,995$18,359$13,935$3,897
24 years$37,731$29,108$22,191$16,744$12,525$3,270
25 years$35,836$27,317$20,553$15,292$11,270$2,746
26 years$34,090$25,673$19,062$13,982$10,152$2,306
27 years$32,476$24,161$17,701$12,798$9,153$1,938
28 years$30,980$22,767$16,455$11,726$8,259$1,629
29 years$29,590$21,478$15,313$10,753$7,457$1,369
30 years$28,294$20,284$14,264$9,868$6,738$1,151
31 years$27,085$19,175$13,297$9,063$6,092$968
32 years$25,954$18,144$12,407$8,329$5,511$814
33 years$24,893$17,182$11,584$7,660$4,987$685
34 years$23,897$16,285$10,824$7,047$4,515$576
35 years$22,960$15,446$10,119$6,488$4,090$485
36 years$22,076$14,660$9,466$5,975$3,705$408
37 years$21,243$13,924$8,860$5,505$3,358$343
38 years$20,455$13,233$8,297$5,074$3,045$289
39 years$19,710$12,583$7,774$4,679$2,761$243
40 years$19,003$11,972$7,286$4,315$2,504$205
41 years$18,333$11,396$6,832$3,981$2,272$172
42 years$17,697$10,853$6,409$3,674$2,062$145
43 years$17,091$10,341$6,014$3,392$1,871$122
44 years$16,515$9,857$5,645$3,132$1,698$103
45 years$15,966$9,400$5,301$2,892$1,542$86
46 years$15,442$8,967$4,978$2,672$1,400$73
47 years$14,943$8,557$4,677$2,468$1,271$61
48 years$14,465$8,169$4,395$2,281$1,154$52
49 years$14,008$7,801$4,131$2,108$1,048$43
50 years$13,571$7,452$3,884$1,948$952$37

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 $5,879 every year, while hoping to spend $27,127 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: 58/37/5 Blend
52$13,900,000$13,900,000$13,900,000$13,900,000
53$15,323,864$14,587,164$14,371,714$16,198,297
54$16,858,035$15,273,072$14,824,304$17,471,245
55$18,547,783$15,991,681$15,291,146$18,854,373
56$20,408,947$16,744,563$15,772,689$20,361,129
57$22,458,982$17,533,370$16,269,397$22,003,332
58$24,717,123$18,359,829$16,781,747$23,793,974
59$27,204,565$19,225,757$17,310,231$25,747,331
60$29,944,665$20,133,053$17,855,358$27,879,095
61$32,963,160$21,083,711$18,417,651$30,206,518
62$36,288,411$22,079,822$18,997,651$32,748,567
63$39,951,673$23,123,577$19,595,917$35,526,097
64$43,987,386$24,217,275$20,213,022$38,562,044
65$48,433,501$25,363,323$20,849,560$41,881,630
66$53,331,842$26,564,250$21,506,144$45,512,599
67$58,728,494$27,822,702$22,183,404$49,485,468
68$64,674,244$29,141,458$22,881,992$53,833,809
69$71,225,057$30,523,430$23,602,579$58,594,559
70$78,442,605$31,971,670$24,345,857$63,808,356
71$86,394,850$33,489,381$25,112,543$69,519,918
72$95,156,684$35,079,920$25,903,372$75,778,455
73$104,810,635$36,746,806$26,719,104$82,638,121
74$115,447,651$38,493,730$27,560,525$90,158,520
75$127,167,951$40,324,563$28,428,443$98,405,252
76$140,081,979$42,243,363$29,323,692$107,450,525
77$154,311,438$44,254,385$30,247,134$117,373,825
78$169,990,447$46,362,092$31,199,655$128,262,653
79$187,266,801$48,571,163$32,182,172$140,213,337
80$206,303,369$50,886,505$33,195,629$153,331,929
81$227,279,631$53,313,261$34,241,000$167,735,194
82$250,393,370$55,856,828$35,319,291$183,551,693
83$275,862,545$58,522,864$36,431,538$200,922,985
84$303,927,340$61,317,300$37,578,810$220,004,946
85$334,852,439$64,246,358$38,762,211$240,969,222
86$368,929,521$67,316,562$39,982,878$264,004,834
87$406,480,012$70,534,754$41,241,984$289,319,940
88$447,858,123$73,908,106$42,540,740$317,143,786
89$493,454,191$77,444,143$43,880,395$347,728,844
90$543,698,366$81,150,754$45,262,236$381,353,177
91$599,064,671$85,036,212$46,687,592$418,323,042
92$660,075,474$89,109,193$48,157,833$458,975,754
93$727,306,425$93,378,796$49,674,373$503,682,850
94$801,391,885$97,854,562$51,238,669$552,853,567
95$883,030,919$102,546,497$52,852,226$606,938,681
96$972,993,891$107,465,094$54,516,594$666,434,732
97$1,072,129,742$112,621,358$56,233,374$731,888,682
98$1,181,374,000$118,026,828$58,004,216$803,903,047
99$1,301,757,613$123,693,608$59,830,822$883,141,556
100$1,434,416,684$129,634,389$61,714,949$970,335,375