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%16%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,088,950
2 years$572,330$561,671$551,341$541,325$531,609$504,143
3 years$377,763$367,058$356,754$346,832$337,275$310,631
4 years$280,499$269,827$259,625$249,873$240,547$214,931
5 years$222,156$211,547$201,480$191,926$182,860$158,343
6 years$183,273$172,744$162,826$153,485$144,691$121,298
7 years$155,510$145,070$135,309$126,189$117,673$95,406
8 years$134,698$124,352$114,753$105,856$97,621$76,471
9 years$118,519$108,271$98,837$90,166$82,211$62,160
10 years$105,583$95,436$86,168$77,724$70,048$51,073
11 years$95,006$84,961$75,861$67,643$60,243$42,317
12 years$86,199$76,256$67,325$59,332$52,206$35,298
13 years$78,752$68,913$60,150$52,381$45,524$29,602
14 years$72,375$62,640$54,045$46,498$39,906$24,935
15 years$66,852$57,223$48,795$41,468$35,137$21,079
16 years$62,025$52,501$44,240$37,130$31,054$17,874
17 years$57,770$48,351$40,257$33,361$27,535$15,193
18 years$53,993$44,679$36,749$30,065$24,482$12,942
19 years$50,616$41,408$33,642$27,167$21,822$11,044
20 years$47,582$38,478$30,875$24,605$19,492$9,438
21 years$44,839$35,841$28,399$22,330$17,443$8,076
22 years$42,350$33,456$26,174$20,303$15,635$6,918
23 years$40,080$31,291$24,167$18,491$14,035$5,931
24 years$38,003$29,318$22,351$16,865$12,615$5,089
25 years$36,094$27,513$20,701$15,402$11,351$4,370
26 years$34,335$25,858$19,199$14,082$10,225$3,754
27 years$32,710$24,335$17,828$12,890$9,219$3,226
28 years$31,203$22,931$16,574$11,810$8,318$2,774
29 years$29,803$21,633$15,423$10,830$7,511$2,386
30 years$28,498$20,430$14,366$9,939$6,787$2,053
31 years$27,280$19,313$13,393$9,128$6,136$1,767
32 years$26,140$18,274$12,496$8,389$5,550$1,521
33 years$25,072$17,306$11,668$7,715$5,023$1,310
34 years$24,069$16,402$10,902$7,098$4,548$1,128
35 years$23,125$15,557$10,192$6,534$4,119$972
36 years$22,235$14,766$9,535$6,018$3,732$837
37 years$21,396$14,024$8,924$5,545$3,383$721
38 years$20,602$13,328$8,357$5,111$3,067$621
39 years$19,852$12,674$7,830$4,712$2,781$535
40 years$19,140$12,058$7,339$4,346$2,522$461
41 years$18,465$11,478$6,881$4,010$2,288$398
42 years$17,824$10,931$6,455$3,701$2,076$343
43 years$17,214$10,415$6,057$3,416$1,885$295
44 years$16,634$9,928$5,686$3,154$1,711$254
45 years$16,081$9,467$5,339$2,913$1,553$219
46 years$15,554$9,031$5,014$2,691$1,410$189
47 years$15,050$8,619$4,711$2,486$1,280$163
48 years$14,569$8,228$4,427$2,297$1,163$140
49 years$14,109$7,857$4,161$2,123$1,056$121
50 years$13,669$7,505$3,912$1,962$959$104

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 $5,443 every year, while hoping to spend $44,473 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: 74/10/16 Blend
52$14,000,000$14,000,000$14,000,000$14,000,000
53$15,433,614$14,691,614$14,474,614$16,519,995
54$16,960,524$15,364,185$14,912,195$17,912,609
55$18,641,688$16,068,220$15,362,944$19,432,082
56$20,492,793$16,805,216$15,827,256$21,095,842
57$22,531,125$17,576,739$16,305,536$22,918,218
58$24,775,731$18,384,430$16,798,203$24,914,984
59$27,247,600$19,230,011$17,305,686$27,103,507
60$29,969,858$20,115,285$17,828,430$29,502,909
61$32,967,992$21,042,142$18,366,890$32,134,248
62$36,270,083$22,012,562$18,921,537$35,020,710
63$39,907,077$23,028,623$19,492,854$38,187,827
64$43,913,074$24,092,501$20,081,340$41,663,719
65$48,325,650$25,206,476$20,687,507$45,479,353
66$53,186,212$26,372,940$21,311,885$49,668,833
67$58,540,389$27,594,397$21,955,016$54,269,722
68$64,438,461$28,873,475$22,617,462$59,323,391
69$70,935,836$30,212,927$23,299,799$64,875,407
70$78,093,570$31,615,639$24,002,620$70,975,962
71$85,978,944$33,084,635$24,726,538$77,680,341
72$94,666,101$34,623,087$25,472,182$85,049,444
73$104,236,743$36,234,318$26,240,199$93,150,352
74$114,780,903$37,921,812$27,031,259$102,056,962
75$126,397,797$39,689,222$27,846,047$111,850,679
76$139,196,754$41,540,377$28,685,272$122,621,178
77$153,298,257$43,479,288$29,549,662$134,467,251
78$168,835,070$45,510,165$30,439,967$147,497,733
79$185,953,501$47,637,417$31,356,960$161,832,523
80$204,814,776$49,865,668$32,301,435$177,603,714
81$225,596,562$52,199,764$33,274,212$194,956,836
82$248,494,646$54,644,788$34,276,134$214,052,222
83$273,724,783$57,206,066$35,308,067$235,066,518
84$301,524,730$59,889,182$36,370,907$258,194,343
85$332,156,493$62,699,992$37,465,572$283,650,124
86$365,908,796$65,644,633$38,593,010$311,670,113
87$403,099,813$68,729,540$39,754,196$342,514,609
88$444,080,167$71,961,459$40,950,134$376,470,411
89$489,236,237$75,347,465$42,181,857$413,853,520
90$538,993,814$78,894,971$43,450,429$455,012,112
91$593,822,110$82,611,752$44,756,946$500,329,817
92$654,238,198$86,505,960$46,102,536$550,229,340
93$720,811,882$90,586,140$47,488,360$605,176,434
94$794,171,086$94,861,253$48,915,612$665,684,296
95$875,007,776$99,340,693$50,385,523$732,318,399
96$964,084,491$104,034,310$51,899,361$805,701,824
97$1,062,241,548$108,952,430$53,458,428$886,521,129
98$1,170,404,969$114,105,882$55,064,069$975,532,826
99$1,289,595,225$119,506,019$56,717,663$1,073,570,509
100$1,420,936,868$125,164,744$58,420,636$1,181,552,712