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

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,098,660
2 years$568,242$557,659$547,403$537,458$527,812$517,991
3 years$375,065$364,436$354,206$344,355$334,866$325,274
4 years$278,495$267,899$257,771$248,088$238,829$229,541
5 years$220,569$210,036$200,041$190,555$181,554$172,596
6 years$181,964$171,510$161,663$152,389$143,658$135,042
7 years$154,399$144,034$134,343$125,287$116,832$108,562
8 years$133,736$123,464$113,933$105,100$96,923$88,999
9 years$117,672$107,498$98,131$89,522$81,624$74,042
10 years$104,829$94,754$85,552$77,169$69,547$62,304
11 years$94,328$84,354$75,319$67,160$59,813$52,903
12 years$85,583$75,711$66,844$58,908$51,833$45,249
13 years$78,190$68,421$59,720$52,007$45,199$38,934
14 years$71,858$62,193$53,659$46,166$39,621$33,667
15 years$66,375$56,814$48,447$41,172$34,886$29,234
16 years$61,582$52,126$43,924$36,865$30,832$25,474
17 years$57,358$48,006$39,969$33,123$27,338$22,264
18 years$53,607$44,360$36,487$29,851$24,308$19,508
19 years$50,255$41,112$33,402$26,973$21,666$17,131
20 years$47,242$38,203$30,655$24,429$19,352$15,072
21 years$44,519$35,585$28,196$22,171$17,318$13,283
22 years$42,047$33,217$25,987$20,158$15,523$11,723
23 years$39,794$31,067$23,995$18,359$13,935$10,359
24 years$37,731$29,108$22,191$16,744$12,525$9,164
25 years$35,836$27,317$20,553$15,292$11,270$8,114
26 years$34,090$25,673$19,062$13,982$10,152$7,191
27 years$32,476$24,161$17,701$12,798$9,153$6,377
28 years$30,980$22,767$16,455$11,726$8,259$5,660
29 years$29,590$21,478$15,313$10,753$7,457$5,026
30 years$28,294$20,284$14,264$9,868$6,738$4,465
31 years$27,085$19,175$13,297$9,063$6,092$3,969
32 years$25,954$18,144$12,407$8,329$5,511$3,529
33 years$24,893$17,182$11,584$7,660$4,987$3,139
34 years$23,897$16,285$10,824$7,047$4,515$2,793
35 years$22,960$15,446$10,119$6,488$4,090$2,486
36 years$22,076$14,660$9,466$5,975$3,705$2,213
37 years$21,243$13,924$8,860$5,505$3,358$1,971
38 years$20,455$13,233$8,297$5,074$3,045$1,755
39 years$19,710$12,583$7,774$4,679$2,761$1,564
40 years$19,003$11,972$7,286$4,315$2,504$1,393
41 years$18,333$11,396$6,832$3,981$2,272$1,241
42 years$17,697$10,853$6,409$3,674$2,062$1,106
43 years$17,091$10,341$6,014$3,392$1,871$986
44 years$16,515$9,857$5,645$3,132$1,698$879
45 years$15,966$9,400$5,301$2,892$1,542$783
46 years$15,442$8,967$4,978$2,672$1,400$698
47 years$14,943$8,557$4,677$2,468$1,271$623
48 years$14,465$8,169$4,395$2,281$1,154$555
49 years$14,008$7,801$4,131$2,108$1,048$495
50 years$13,571$7,452$3,884$1,948$952$441

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 $4,002 every year, while hoping to spend $49,338 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: 67/27/6 Blend
52$13,900,000$13,900,000$13,900,000$13,900,000
53$15,321,928$14,585,228$14,369,778$16,334,491
54$16,832,269$15,247,409$14,798,670$17,668,515
55$18,495,012$15,940,383$15,240,277$19,119,977
56$20,325,649$16,665,607$15,694,972$20,705,353
57$22,341,251$17,424,608$16,163,139$22,437,703
58$24,560,630$18,218,985$16,645,176$24,331,393
59$27,004,513$19,050,415$17,141,488$26,402,229
60$29,695,742$19,920,653$17,652,496$28,667,597
61$32,659,484$20,831,542$18,178,631$31,146,629
62$35,923,473$21,785,009$18,720,337$33,860,377
63$39,518,270$22,783,077$19,278,071$36,832,004
64$43,477,550$23,827,865$19,852,303$40,087,005
65$47,838,422$24,921,592$20,443,517$43,653,437
66$52,641,777$26,066,585$21,052,211$47,562,182
67$57,932,675$27,265,285$21,678,897$51,847,232
68$63,760,770$28,520,246$22,324,102$56,546,006
69$70,180,777$29,834,147$22,988,368$61,699,696
70$77,252,993$31,209,796$23,672,255$67,353,648
71$85,043,858$32,650,136$24,376,335$73,557,790
72$93,626,590$34,158,251$25,101,201$80,367,091
73$103,081,871$35,737,374$25,847,460$87,842,075
74$113,498,609$37,390,893$26,615,737$96,049,386
75$124,974,780$39,122,360$27,406,677$105,062,409
76$137,618,349$40,935,497$28,220,942$114,961,954
77$151,548,290$42,834,206$29,059,213$125,837,012
78$166,895,711$44,822,577$29,922,192$137,785,589
79$183,805,087$46,904,897$30,810,600$150,915,615
80$202,435,630$49,085,661$31,725,178$165,345,960
81$222,962,784$51,369,578$32,666,692$181,207,546
82$245,579,888$53,761,587$33,635,926$198,644,568
83$270,499,995$56,266,864$34,633,688$217,815,851
84$297,957,889$58,890,835$35,660,811$238,896,331
85$328,212,295$61,639,187$36,718,150$262,078,701
86$361,548,326$64,517,883$37,806,584$287,575,214
87$398,280,170$67,533,175$38,927,020$315,619,676
88$438,754,061$70,691,614$40,080,389$346,469,639
89$483,351,543$74,000,070$41,267,649$380,408,816
90$532,493,071$77,465,745$42,489,786$417,749,749
91$586,641,985$81,096,187$43,747,814$458,836,740
92$646,308,878$84,899,311$45,042,777$504,049,089
93$712,056,421$88,883,415$46,375,748$553,804,655
94$784,504,671$93,057,197$47,747,830$608,563,782
95$864,336,925$97,429,777$49,160,160$668,833,630
96$952,306,171$102,010,716$50,613,905$735,172,942
97$1,049,242,197$106,810,037$52,110,267$808,197,297
98$1,156,059,422$111,838,251$53,650,482$888,584,902
99$1,273,765,532$117,106,374$55,235,823$977,082,970
100$1,403,470,989$122,625,959$56,867,595$1,074,514,753