Can I retire at age 53 with 14,000,000?

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 $14,000,000?

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$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,096,082
2 years$572,330$561,671$551,341$541,325$531,609$511,232
3 years$377,763$367,058$356,754$346,832$337,275$317,453
4 years$280,499$269,827$259,625$249,873$240,547$221,434
5 years$222,156$211,547$201,480$191,926$182,860$164,510
6 years$183,273$172,744$162,826$153,485$144,691$127,124
7 years$155,510$145,070$135,309$126,189$117,673$100,894
8 years$134,698$124,352$114,753$105,856$97,621$81,626
9 years$118,519$108,271$98,837$90,166$82,211$66,990
10 years$105,583$95,436$86,168$77,724$70,048$55,588
11 years$95,006$84,961$75,861$67,643$60,243$46,528
12 years$86,199$76,256$67,325$59,332$52,206$39,217
13 years$78,752$68,913$60,150$52,381$45,524$33,241
14 years$72,375$62,640$54,045$46,498$39,906$28,306
15 years$66,852$57,223$48,795$41,468$35,137$24,197
16 years$62,025$52,501$44,240$37,130$31,054$20,751
17 years$57,770$48,351$40,257$33,361$27,535$17,843
18 years$53,993$44,679$36,749$30,065$24,482$15,379
19 years$50,616$41,408$33,642$27,167$21,822$13,280
20 years$47,582$38,478$30,875$24,605$19,492$11,487
21 years$44,839$35,841$28,399$22,330$17,443$9,950
22 years$42,350$33,456$26,174$20,303$15,635$8,629
23 years$40,080$31,291$24,167$18,491$14,035$7,491
24 years$38,003$29,318$22,351$16,865$12,615$6,509
25 years$36,094$27,513$20,701$15,402$11,351$5,661
26 years$34,335$25,858$19,199$14,082$10,225$4,926
27 years$32,710$24,335$17,828$12,890$9,219$4,289
28 years$31,203$22,931$16,574$11,810$8,318$3,736
29 years$29,803$21,633$15,423$10,830$7,511$3,256
30 years$28,498$20,430$14,366$9,939$6,787$2,839
31 years$27,280$19,313$13,393$9,128$6,136$2,476
32 years$26,140$18,274$12,496$8,389$5,550$2,160
33 years$25,072$17,306$11,668$7,715$5,023$1,885
34 years$24,069$16,402$10,902$7,098$4,548$1,645
35 years$23,125$15,557$10,192$6,534$4,119$1,436
36 years$22,235$14,766$9,535$6,018$3,732$1,254
37 years$21,396$14,024$8,924$5,545$3,383$1,095
38 years$20,602$13,328$8,357$5,111$3,067$956
39 years$19,852$12,674$7,830$4,712$2,781$835
40 years$19,140$12,058$7,339$4,346$2,522$730
41 years$18,465$11,478$6,881$4,010$2,288$638
42 years$17,824$10,931$6,455$3,701$2,076$557
43 years$17,214$10,415$6,057$3,416$1,885$487
44 years$16,634$9,928$5,686$3,154$1,711$425
45 years$16,081$9,467$5,339$2,913$1,553$372
46 years$15,554$9,031$5,014$2,691$1,410$325
47 years$15,050$8,619$4,711$2,486$1,280$284
48 years$14,569$8,228$4,427$2,297$1,163$248
49 years$14,109$7,857$4,161$2,123$1,056$217
50 years$13,669$7,505$3,912$1,962$959$189

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,000,000, adding $3,801 every year, while hoping to spend $54,564 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: 63/24/13 Blend
52$14,000,000$14,000,000$14,000,000$14,000,000
53$15,431,921$14,689,921$14,472,921$16,356,294
54$16,947,921$15,351,671$14,899,708$17,637,717
55$18,616,724$16,044,019$15,338,964$19,029,769
56$20,453,860$16,768,405$15,791,048$20,548,481
57$22,476,437$17,526,340$16,256,332$22,206,163
58$24,703,310$18,319,407$16,735,195$24,016,353
59$27,155,253$19,149,264$17,228,030$25,993,946
60$29,855,160$20,017,649$17,735,240$28,155,325
61$32,828,254$20,926,381$18,257,238$30,518,518
62$36,102,331$21,877,369$18,794,451$33,103,360
63$39,708,021$22,872,612$19,347,317$35,931,677
64$43,679,073$23,914,205$19,916,287$39,027,489
65$48,052,679$25,004,341$20,501,823$42,417,232
66$52,869,821$26,145,322$21,104,402$46,130,000
67$58,175,658$27,339,558$21,724,515$50,197,820
68$64,019,953$28,589,575$22,362,664$54,655,943
69$70,457,543$29,898,019$23,019,369$59,543,177
70$77,548,856$31,267,665$23,695,160$64,902,244
71$85,360,478$32,701,420$24,390,588$70,780,178
72$93,965,788$34,202,330$25,106,213$77,228,767
73$103,445,643$35,773,589$25,842,616$84,305,028
74$113,889,147$37,418,544$26,600,392$92,071,744
75$125,394,488$39,140,700$27,380,153$100,598,051
76$138,069,866$40,943,735$28,182,529$109,960,076
77$152,034,515$42,831,500$29,008,166$120,241,656
78$167,419,826$44,808,034$29,857,729$131,535,117
79$184,370,588$46,877,568$30,731,904$143,942,138
80$203,046,358$49,044,538$31,631,392$157,574,704
81$223,622,960$51,313,594$32,556,918$172,556,152
82$246,294,151$53,689,609$33,509,223$189,022,325
83$271,273,445$56,177,691$34,489,073$207,122,847
84$298,796,132$58,783,193$35,497,252$227,022,524
85$329,121,495$61,511,728$36,534,568$248,902,888
86$362,535,263$64,369,178$37,601,852$272,963,902
87$399,352,302$67,361,709$38,699,955$299,425,831
88$439,919,589$70,495,785$39,829,756$328,531,314
89$484,619,491$73,778,182$40,992,156$360,547,640
90$533,873,367$77,216,001$42,188,082$395,769,256
91$588,145,554$80,816,689$43,418,486$434,520,533
92$647,947,742$84,588,048$44,684,347$477,158,815
93$713,843,811$88,538,262$45,986,672$524,077,777
94$786,455,149$92,675,906$47,326,495$575,711,123
95$866,466,520$97,009,971$48,704,879$632,536,663
96$954,632,529$101,549,884$50,122,916$695,080,809
97$1,051,784,744$106,305,525$51,581,730$763,923,525
98$1,158,839,544$111,287,252$53,082,475$839,703,781
99$1,276,806,776$116,505,926$54,626,336$923,125,566
100$1,406,799,283$121,972,932$56,214,534$1,014,964,512