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%12.2%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,121,904
2 years$580,506$569,695$559,217$549,058$539,204$528,701
3 years$383,160$372,302$361,850$351,787$342,093$331,837
4 years$284,506$273,681$263,334$253,443$243,984$234,054
5 years$225,329$214,569$204,358$194,668$185,472$175,898
6 years$185,891$175,212$165,152$155,678$146,758$137,551
7 years$157,732$147,143$137,242$127,991$119,354$110,518
8 years$136,622$126,129$116,392$107,369$99,015$90,551
9 years$120,212$109,818$100,248$91,454$83,385$75,289
10 years$107,092$96,799$87,399$78,834$71,048$63,315
11 years$96,364$86,174$76,945$68,610$61,104$53,728
12 years$87,430$77,345$68,286$60,180$52,951$45,926
13 years$79,877$69,898$61,009$53,130$46,175$39,491
14 years$73,408$63,535$54,817$47,163$40,476$34,127
15 years$67,807$58,040$49,493$42,061$35,639$29,613
16 years$62,911$53,251$44,872$37,661$31,498$25,786
17 years$58,596$49,042$40,832$33,838$27,928$22,521
18 years$54,764$45,317$37,274$30,495$24,832$19,720
19 years$51,339$41,999$34,123$27,555$22,133$17,304
20 years$48,261$39,028$31,316$24,956$19,770$15,214
21 years$45,480$36,353$28,805$22,649$17,692$13,397
22 years$42,955$33,934$26,548$20,593$15,858$11,815
23 years$40,653$31,738$24,513$18,755$14,235$10,432
24 years$38,545$29,736$22,670$17,105$12,795$9,222
25 years$36,610$27,906$20,997$15,622$11,514$8,159
26 years$34,826$26,227$19,474$14,284$10,371$7,225
27 years$33,177$24,683$18,083$13,074$9,350$6,403
28 years$31,649$23,259$16,810$11,979$8,437$5,678
29 years$30,228$21,942$15,644$10,985$7,618$5,038
30 years$28,905$20,722$14,571$10,081$6,884$4,472
31 years$27,670$19,589$13,584$9,259$6,224$3,972
32 years$26,514$18,535$12,675$8,509$5,630$3,529
33 years$25,430$17,553$11,834$7,825$5,095$3,136
34 years$24,412$16,636$11,057$7,200$4,613$2,788
35 years$23,455$15,779$10,338$6,628$4,178$2,479
36 years$22,553$14,977$9,671$6,104$3,785$2,206
37 years$21,701$14,225$9,052$5,624$3,431$1,962
38 years$20,897$13,518$8,476$5,184$3,110$1,746
39 years$20,135$12,855$7,942$4,780$2,821$1,554
40 years$19,414$12,230$7,444$4,408$2,558$1,383
41 years$18,729$11,642$6,980$4,067$2,321$1,232
42 years$18,079$11,087$6,547$3,754$2,106$1,097
43 years$17,460$10,564$6,144$3,465$1,911$977
44 years$16,872$10,070$5,767$3,199$1,735$870
45 years$16,311$9,602$5,415$2,955$1,575$775
46 years$15,776$9,160$5,086$2,729$1,430$690
47 years$15,265$8,742$4,778$2,522$1,299$615
48 years$14,777$8,345$4,490$2,330$1,179$548
49 years$14,311$7,969$4,220$2,153$1,071$488
50 years$13,864$7,612$3,968$1,990$973$435

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 $4,793 every year, while hoping to spend $37,063 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: 76/19/5 Blend
52$14,200,000$14,200,000$14,200,000$14,200,000
53$15,653,344$14,900,744$14,680,644$16,838,041
54$17,210,550$15,591,446$15,133,011$18,307,200
55$18,925,350$16,314,750$15,599,290$19,911,745
56$20,813,777$17,072,214$16,079,908$21,669,260
57$22,893,502$17,865,473$16,575,305$23,594,893
58$25,183,996$18,696,237$17,085,934$25,705,314
59$27,706,714$19,566,304$17,612,263$28,018,877
60$30,485,299$20,477,552$18,154,774$30,555,781
61$33,545,803$21,431,956$18,713,963$33,338,265
62$36,916,935$22,431,582$19,290,341$36,390,812
63$40,630,331$23,478,598$19,884,435$39,740,376
64$44,720,851$24,575,275$20,496,790$43,416,636
65$49,226,910$25,723,996$21,127,965$47,452,268
66$54,190,840$26,927,257$21,778,537$51,883,253
67$59,659,288$28,187,675$22,449,100$56,749,213
68$65,683,659$29,507,995$23,140,269$62,093,778
69$72,320,599$30,891,093$23,852,674$67,964,996
70$79,632,528$32,339,985$24,586,967$74,415,781
71$87,688,233$33,857,832$25,343,818$81,504,409
72$96,563,516$35,447,949$26,123,919$89,295,060
73$106,341,907$37,113,810$26,927,982$97,858,423
74$117,115,455$38,859,060$27,756,743$107,272,355
75$128,985,594$40,687,517$28,610,957$117,622,610
76$142,064,106$42,603,186$29,491,405$129,003,644
77$156,474,168$44,610,266$30,398,890$141,519,502
78$172,351,521$46,713,157$31,334,241$155,284,789
79$189,845,749$48,916,474$32,298,311$170,425,748
80$209,121,691$51,225,058$33,291,980$187,081,445
81$230,360,998$53,643,979$34,316,155$205,405,075
82$253,763,843$56,178,558$35,371,771$225,565,396
83$279,550,819$58,834,371$36,459,788$247,748,319
84$307,965,013$61,617,265$37,581,201$272,158,653
85$339,274,304$64,533,372$38,737,032$299,022,026
86$373,773,895$67,589,119$39,928,334$328,587,012
87$411,789,093$70,791,246$41,156,194$361,127,463
88$453,678,384$74,146,820$42,421,730$396,945,084
89$499,836,817$77,663,252$43,726,096$436,372,273
90$550,699,732$81,348,311$45,070,480$479,775,248
91$606,746,870$85,210,145$46,456,107$527,557,487
92$668,506,904$89,257,294$47,884,239$580,163,533
93$736,562,424$93,498,718$49,356,177$638,083,170
94$811,555,443$97,943,807$50,873,261$701,856,038
95$894,193,455$102,602,411$52,436,872$772,076,712
96$985,256,115$107,484,856$54,048,434$849,400,300
97$1,085,602,596$112,601,971$55,709,414$934,548,613
98$1,196,179,704$117,965,111$57,421,323$1,028,316,960
99$1,318,030,815$123,586,182$59,185,718$1,131,581,644
100$1,452,305,724$129,477,671$61,004,206$1,245,308,212