Can I retire at age 53 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,112,856
2 years$588,682$577,719$567,093$556,791$546,798$511,423
3 years$388,557$377,546$366,947$356,741$346,911$312,690
4 years$288,513$277,536$267,043$257,012$247,420$214,615
5 years$228,503$217,592$207,237$197,410$188,085$156,785
6 years$188,509$177,680$167,478$157,870$148,825$119,057
7 years$159,953$149,215$139,175$129,794$121,035$92,797
8 years$138,546$127,905$118,031$108,881$100,410$73,685
9 years$121,905$111,364$101,660$92,742$84,560$59,317
10 years$108,600$98,162$88,630$79,945$72,049$48,253
11 years$97,721$87,388$78,028$69,576$61,965$39,572
12 years$88,662$78,435$69,248$61,027$53,697$32,662
13 years$81,002$70,882$61,869$53,878$46,825$27,098
14 years$74,442$64,430$55,589$47,827$41,047$22,575
15 years$68,762$58,858$50,190$42,653$36,141$18,871
16 years$63,797$54,001$45,504$38,191$31,941$15,818
17 years$59,421$49,733$41,407$34,315$28,321$13,290
18 years$55,535$45,955$37,799$30,924$25,182$11,188
19 years$52,063$42,591$34,603$27,943$22,445$9,433
20 years$48,941$39,578$31,757$25,308$20,048$7,964
21 years$46,120$36,865$29,211$22,968$17,941$6,731
22 years$43,560$34,412$26,922$20,883$16,082$5,694
23 years$41,225$32,185$24,858$19,019$14,436$4,821
24 years$39,088$30,155$22,989$17,346$12,975$4,085
25 years$37,125$28,299$21,293$15,842$11,676$3,462
26 years$35,316$26,597$19,748$14,485$10,517$2,936
27 years$33,644$25,031$18,338$13,258$9,482$2,491
28 years$32,094$23,586$17,047$12,147$8,556$2,115
29 years$30,654$22,251$15,864$11,139$7,726$1,795
30 years$29,312$21,014$14,777$10,223$6,981$1,524
31 years$28,059$19,865$13,776$9,389$6,311$1,295
32 years$26,887$18,796$12,853$8,629$5,709$1,100
33 years$25,788$17,800$12,001$7,935$5,167$934
34 years$24,756$16,871$11,213$7,301$4,678$794
35 years$23,785$16,002$10,483$6,721$4,237$675
36 years$22,871$15,188$9,807$6,190$3,839$574
37 years$22,007$14,425$9,179$5,703$3,479$487
38 years$21,191$13,709$8,596$5,257$3,154$414
39 years$20,419$13,036$8,053$4,847$2,860$352
40 years$19,687$12,402$7,548$4,471$2,594$299
41 years$18,993$11,806$7,078$4,125$2,354$255
42 years$18,333$11,244$6,639$3,807$2,136$216
43 years$17,706$10,713$6,230$3,514$1,938$184
44 years$17,109$10,212$5,848$3,245$1,759$156
45 years$16,540$9,738$5,491$2,996$1,597$133
46 years$15,998$9,289$5,157$2,768$1,450$113
47 years$15,480$8,865$4,845$2,557$1,317$96
48 years$14,985$8,463$4,553$2,363$1,196$82
49 years$14,512$8,081$4,280$2,184$1,086$70
50 years$14,059$7,720$4,024$2,018$987$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,400,000, adding $3,015 every year, while hoping to spend $44,663 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: 60/25/15 Blend
52$14,400,000$14,400,000$14,400,000$14,400,000
53$15,871,910$15,108,710$14,885,510$16,764,148
54$17,443,324$15,801,516$15,336,653$18,058,767
55$19,173,525$16,526,772$15,801,413$19,465,141
56$21,078,662$17,286,022$16,280,199$20,998,276
57$23,176,531$18,080,882$16,773,431$22,670,427
58$25,486,739$18,913,048$17,281,543$24,495,072
59$28,030,895$19,784,295$17,804,982$26,487,031
60$30,832,806$20,696,485$18,344,209$28,662,607
61$33,918,708$21,651,569$18,899,696$31,039,733
62$37,317,513$22,651,593$19,471,933$33,638,136
63$41,061,078$23,698,699$20,061,421$36,479,520
64$45,184,508$24,795,135$20,668,678$39,587,768
65$49,726,486$25,943,255$21,294,237$42,989,155
66$54,729,640$27,145,527$21,938,647$46,712,602
67$60,240,944$28,404,539$22,602,472$50,789,932
68$66,312,161$29,723,002$23,286,296$55,256,173
69$73,000,331$31,103,759$23,990,717$60,149,879
70$80,368,311$32,549,789$24,716,352$65,513,487
71$88,485,366$34,064,216$25,463,837$71,393,714
72$97,427,825$35,650,314$26,233,827$77,841,989
73$107,279,798$37,311,515$27,026,996$84,914,930
74$118,133,975$39,051,416$27,844,037$92,674,874
75$130,092,494$40,873,789$28,685,665$101,190,456
76$143,267,910$42,782,587$29,552,618$110,537,248
77$157,784,258$44,781,954$30,445,651$120,798,466
78$173,778,218$46,876,236$31,365,546$132,065,745
79$191,400,411$49,069,986$32,313,107$144,439,993
80$210,816,818$51,367,980$33,289,161$158,032,337
81$232,210,345$53,775,223$34,294,559$172,965,162
82$255,782,554$56,296,963$35,330,180$189,373,251
83$281,755,560$58,938,700$36,396,928$207,405,051
84$310,374,134$61,706,203$37,495,731$227,224,061
85$341,908,007$64,605,518$38,627,549$249,010,361
86$376,654,420$67,642,984$39,793,368$272,962,303
87$414,940,928$70,825,248$40,994,204$299,298,367
88$457,128,494$74,159,277$42,231,101$328,259,212
89$503,614,896$77,652,376$43,505,138$360,109,931
90$554,838,478$81,312,206$44,817,423$395,142,538
91$611,282,294$85,146,795$46,169,098$433,678,712
92$673,478,663$89,164,563$47,561,338$476,072,813
93$742,014,197$93,374,337$48,995,353$522,715,212
94$817,535,339$97,785,373$50,472,391$574,035,956
95$900,754,461$102,407,374$51,993,733$630,508,812
96$992,456,594$107,250,514$53,560,702$692,655,714
97$1,093,506,839$112,325,461$55,174,658$761,051,677
98$1,204,858,528$117,643,400$56,837,000$836,330,193
99$1,327,562,230$123,216,059$58,549,172$919,189,200
100$1,462,775,666$129,055,734$60,312,658$1,010,397,638