Can I retire at age 53 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,095,059
2 years$584,594$573,707$563,155$552,924$543,001$497,981
3 years$385,858$374,924$364,399$354,264$344,502$301,122
4 years$286,510$275,609$265,189$255,227$245,702$204,291
5 years$226,916$216,081$205,797$196,039$186,779$147,443
6 years$187,200$176,446$166,315$156,774$147,792$110,557
7 years$158,843$148,179$138,208$128,893$120,194$85,046
8 years$137,584$127,017$117,212$108,125$99,713$66,616
9 years$121,058$110,591$100,954$92,098$83,972$52,877
10 years$107,846$97,481$88,014$79,390$71,549$42,394
11 years$97,042$86,781$77,486$69,093$61,534$34,251
12 years$88,046$77,890$68,767$60,604$53,324$27,840
13 years$80,440$70,390$61,439$53,504$46,500$22,738
14 years$73,925$63,982$55,203$47,495$40,761$18,641
15 years$68,285$58,449$49,841$42,357$35,890$15,329
16 years$63,354$53,626$45,188$37,926$31,719$12,638
17 years$59,008$49,388$41,120$34,076$28,125$10,440
18 years$55,150$45,636$37,537$30,710$25,007$8,638
19 years$51,701$42,295$34,363$27,749$22,289$7,158
20 years$48,601$39,303$31,537$25,132$19,909$5,937
21 years$45,800$36,609$29,008$22,809$17,817$4,929
22 years$43,257$34,173$26,735$20,738$15,970$4,096
23 years$40,939$31,961$24,685$18,887$14,336$3,406
24 years$38,817$29,946$22,830$17,226$12,885$2,833
25 years$36,868$28,103$21,145$15,732$11,595$2,358
26 years$35,071$26,412$19,611$14,384$10,444$1,963
27 years$33,411$24,857$18,210$13,166$9,416$1,635
28 years$31,872$23,422$16,929$12,063$8,496$1,362
29 years$30,441$22,096$15,754$11,062$7,672$1,134
30 years$29,109$20,868$14,674$10,152$6,932$945
31 years$27,864$19,727$13,680$9,324$6,267$788
32 years$26,700$18,666$12,764$8,569$5,669$657
33 years$25,609$17,677$11,918$7,880$5,131$547
34 years$24,584$16,753$11,135$7,250$4,645$456
35 years$23,620$15,890$10,411$6,674$4,207$381
36 years$22,712$15,082$9,739$6,147$3,812$317
37 years$21,854$14,325$9,115$5,663$3,455$265
38 years$21,044$13,614$8,536$5,220$3,132$221
39 years$20,277$12,945$7,997$4,813$2,840$184
40 years$19,550$12,316$7,496$4,440$2,576$153
41 years$18,861$11,724$7,029$4,096$2,337$128
42 years$18,206$11,165$6,593$3,780$2,121$107
43 years$17,583$10,638$6,187$3,490$1,925$89
44 years$16,990$10,141$5,808$3,222$1,747$74
45 years$16,426$9,670$5,453$2,976$1,586$62
46 years$15,887$9,225$5,122$2,749$1,440$52
47 years$15,373$8,803$4,812$2,539$1,308$43
48 years$14,881$8,404$4,522$2,346$1,188$36
49 years$14,411$8,025$4,250$2,169$1,079$30
50 years$13,962$7,666$3,996$2,004$980$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,300,000, adding $4,583 every year, while hoping to spend $23,057 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: 57/34/9 Blend
52$14,300,000$14,300,000$14,300,000$14,300,000
53$15,763,327$15,005,427$14,783,777$16,628,157
54$17,346,654$15,716,161$15,254,501$17,922,260
55$19,090,708$16,460,947$15,740,222$19,328,645
56$21,011,858$17,241,432$16,241,417$20,860,444
57$23,128,143$18,059,337$16,758,580$22,529,649
58$25,459,440$18,916,472$17,292,220$24,349,439
59$28,027,656$19,814,731$17,842,861$26,334,297
60$30,856,927$20,756,103$18,411,047$28,500,145
61$33,973,852$21,742,672$18,997,337$30,864,486
62$37,407,744$22,776,622$19,602,307$33,446,566
63$41,190,903$23,860,245$20,226,553$36,267,545
64$45,358,922$24,995,944$20,870,689$39,350,697
65$49,951,026$26,186,239$21,535,351$42,721,617
66$55,010,437$27,433,771$22,221,191$46,408,458
67$60,584,786$28,741,311$22,928,886$50,442,191
68$66,726,563$30,111,764$23,659,133$54,856,886
69$73,493,609$31,548,176$24,412,649$59,690,030
70$80,949,662$33,053,741$25,190,178$64,982,868
71$89,164,963$34,631,811$25,992,485$70,780,787
72$98,216,916$36,285,896$26,820,360$77,133,733
73$108,190,818$38,019,681$27,674,618$84,096,676
74$119,180,664$39,837,029$28,556,101$91,730,112
75$131,290,038$41,741,989$29,465,677$100,100,634
76$144,633,086$43,738,811$30,404,241$109,281,538
77$159,335,596$45,831,947$31,372,718$119,353,513
78$175,536,185$48,026,071$32,372,062$130,405,383
79$193,387,607$50,326,080$33,403,257$142,534,940
80$213,058,196$52,737,111$34,467,320$155,849,847
81$234,733,454$55,264,552$35,565,298$170,468,644
82$258,617,804$57,914,052$36,698,272$186,521,852
83$284,936,516$60,691,536$37,867,360$204,153,191
84$313,937,836$63,603,217$39,073,713$223,520,918
85$345,895,332$66,655,612$40,318,519$244,799,304
86$381,110,471$69,855,552$41,603,004$268,180,266
87$419,915,470$73,210,205$42,928,436$293,875,156
88$462,676,428$76,727,085$44,296,118$322,116,737
89$509,796,786$80,414,074$45,707,400$353,161,363
90$561,721,132$84,279,437$47,163,672$387,291,375
91$618,939,401$88,331,843$48,666,369$424,817,747
92$681,991,499$92,580,383$50,216,971$466,082,995
93$751,472,400$97,034,590$51,817,008$511,464,388
94$828,037,762$101,704,462$53,468,055$561,377,485
95$912,410,119$106,600,486$55,171,740$616,280,030
96$1,005,385,701$111,733,660$56,929,743$676,676,244
97$1,107,841,950$117,115,516$58,743,796$743,121,560
98$1,220,745,803$122,758,150$60,615,688$816,227,831
99$1,345,162,824$128,674,249$62,547,263$896,669,075
100$1,482,267,262$134,877,117$64,540,426$985,187,808