Can I retire at age 53 with 14,200,000?

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 $14,200,000?

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 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,122,840
2 years$580,506$569,695$559,217$549,058$539,204$529,642
3 years$383,160$372,302$361,850$351,787$342,093$332,753
4 years$284,506$273,681$263,334$253,443$243,984$234,937
5 years$225,329$214,569$204,358$194,668$185,472$176,746
6 years$185,891$175,212$165,152$155,678$146,758$138,363
7 years$157,732$147,143$137,242$127,991$119,354$111,293
8 years$136,622$126,129$116,392$107,369$99,015$91,290
9 years$120,212$109,818$100,248$91,454$83,385$75,993
10 years$107,092$96,799$87,399$78,834$71,048$63,984
11 years$96,364$86,174$76,945$68,610$61,104$54,363
12 years$87,430$77,345$68,286$60,180$52,951$46,527
13 years$79,877$69,898$61,009$53,130$46,175$40,060
14 years$73,408$63,535$54,817$47,163$40,476$34,663
15 years$67,807$58,040$49,493$42,061$35,639$30,119
16 years$62,911$53,251$44,872$37,661$31,498$26,263
17 years$58,596$49,042$40,832$33,838$27,928$22,970
18 years$54,764$45,317$37,274$30,495$24,832$20,141
19 years$51,339$41,999$34,123$27,555$22,133$17,699
20 years$48,261$39,028$31,316$24,956$19,770$15,584
21 years$45,480$36,353$28,805$22,649$17,692$13,744
22 years$42,955$33,934$26,548$20,593$15,858$12,138
23 years$40,653$31,738$24,513$18,755$14,235$10,734
24 years$38,545$29,736$22,670$17,105$12,795$9,503
25 years$36,610$27,906$20,997$15,622$11,514$8,421
26 years$34,826$26,227$19,474$14,284$10,371$7,469
27 years$33,177$24,683$18,083$13,074$9,350$6,629
28 years$31,649$23,259$16,810$11,979$8,437$5,888
29 years$30,228$21,942$15,644$10,985$7,618$5,233
30 years$28,905$20,722$14,571$10,081$6,884$4,653
31 years$27,670$19,589$13,584$9,259$6,224$4,139
32 years$26,514$18,535$12,675$8,509$5,630$3,683
33 years$25,430$17,553$11,834$7,825$5,095$3,279
34 years$24,412$16,636$11,057$7,200$4,613$2,920
35 years$23,455$15,779$10,338$6,628$4,178$2,601
36 years$22,553$14,977$9,671$6,104$3,785$2,318
37 years$21,701$14,225$9,052$5,624$3,431$2,066
38 years$20,897$13,518$8,476$5,184$3,110$1,841
39 years$20,135$12,855$7,942$4,780$2,821$1,642
40 years$19,414$12,230$7,444$4,408$2,558$1,464
41 years$18,729$11,642$6,980$4,067$2,321$1,305
42 years$18,079$11,087$6,547$3,754$2,106$1,164
43 years$17,460$10,564$6,144$3,465$1,911$1,039
44 years$16,872$10,070$5,767$3,199$1,735$927
45 years$16,311$9,602$5,415$2,955$1,575$827
46 years$15,776$9,160$5,086$2,729$1,430$738
47 years$15,265$8,742$4,778$2,522$1,299$658
48 years$14,777$8,345$4,490$2,330$1,179$587
49 years$14,311$7,969$4,220$2,153$1,071$524
50 years$13,864$7,612$3,968$1,990$973$468

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,200,000, adding $3,024 every year, while hoping to spend $44,208 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: 43/28/29 Blend
52$14,200,000$14,200,000$14,200,000$14,200,000
53$15,651,519$14,898,919$14,678,819$16,191,992
54$17,200,937$15,581,929$15,123,523$17,263,472
55$18,906,914$16,296,925$15,581,642$18,419,280
56$20,785,372$17,045,428$16,053,580$19,670,806
57$22,853,857$17,829,030$16,539,752$21,026,957
58$25,131,701$18,649,403$17,040,584$22,497,512
59$27,640,207$19,508,297$17,556,516$24,093,213
60$30,402,851$20,407,546$18,088,002$25,825,858
61$33,445,500$21,349,074$18,635,509$27,708,409
62$36,796,659$22,334,896$19,199,515$29,755,110
63$40,487,736$23,367,124$19,780,518$31,981,613
64$44,553,345$24,447,973$20,379,025$34,405,122
65$49,031,625$25,579,763$20,995,561$37,044,551
66$53,964,606$26,764,926$21,630,667$39,920,690
67$59,398,601$28,006,013$22,284,900$43,056,403
68$65,384,647$29,305,696$22,958,832$46,476,830
69$71,978,981$30,666,775$23,653,054$50,209,621
70$79,243,579$32,092,189$24,368,173$54,285,186
71$87,246,732$33,585,014$25,104,814$58,736,979
72$96,063,696$35,148,477$25,863,623$63,601,801
73$105,777,400$36,785,960$26,645,262$68,920,142
74$116,479,232$38,501,009$27,450,415$74,736,553
75$128,269,896$40,297,341$28,279,786$81,100,055
76$141,260,366$42,178,851$29,134,099$88,064,598
77$155,572,932$44,149,623$30,014,100$95,689,553
78$171,342,356$46,213,939$30,920,558$104,040,265
79$188,717,142$48,376,289$31,854,263$113,188,662
80$207,860,939$50,641,376$32,816,029$123,213,915
81$228,954,085$53,014,133$33,806,696$134,203,181
82$252,195,309$55,499,733$34,827,128$146,252,407
83$277,803,607$58,103,596$35,878,213$159,467,225
84$306,020,309$60,831,406$36,960,867$173,963,937
85$337,111,358$63,689,123$38,076,033$189,870,594
86$371,369,818$66,682,992$39,224,683$207,328,196
87$409,118,645$69,819,563$40,407,814$226,492,000
88$450,713,728$73,105,703$41,626,457$247,532,974
89$496,547,257$76,548,611$42,881,672$270,639,394
90$547,051,418$80,155,834$44,174,550$296,018,599
91$602,702,479$83,935,286$45,506,213$323,898,936
92$664,025,280$87,895,263$46,877,820$354,531,888
93$731,598,192$92,044,465$48,290,560$388,194,435
94$806,058,575$96,392,011$49,745,661$425,191,643
95$888,108,794$100,947,463$51,244,385$465,859,522
96$978,522,850$105,720,849$52,788,031$510,568,175
97$1,078,153,690$110,722,679$54,377,939$559,725,269
98$1,187,941,253$115,963,977$56,015,487$613,779,853
99$1,308,921,348$121,456,299$57,702,093$673,226,577
100$1,442,235,430$127,211,762$59,439,217$738,610,327