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%13.9%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,129,718
2 years$588,682$577,719$567,093$556,791$546,798$528,153
3 years$388,557$377,546$366,947$356,741$346,911$328,758
4 years$288,513$277,536$267,043$257,012$247,420$229,899
5 years$228,503$217,592$207,237$197,410$188,085$171,247
6 years$188,509$177,680$167,478$157,870$148,825$132,690
7 years$159,953$149,215$139,175$129,794$121,035$105,606
8 years$138,546$127,905$118,031$108,881$100,410$85,686
9 years$121,905$111,364$101,660$92,742$84,560$70,532
10 years$108,600$98,162$88,630$79,945$72,049$58,707
11 years$97,721$87,388$78,028$69,576$61,965$49,293
12 years$88,662$78,435$69,248$61,027$53,697$41,681
13 years$81,002$70,882$61,869$53,878$46,825$35,446
14 years$74,442$64,430$55,589$47,827$41,047$30,286
15 years$68,762$58,858$50,190$42,653$36,141$25,979
16 years$63,797$54,001$45,504$38,191$31,941$22,357
17 years$59,421$49,733$41,407$34,315$28,321$19,293
18 years$55,535$45,955$37,799$30,924$25,182$16,689
19 years$52,063$42,591$34,603$27,943$22,445$14,464
20 years$48,941$39,578$31,757$25,308$20,048$12,558
21 years$46,120$36,865$29,211$22,968$17,941$10,919
22 years$43,560$34,412$26,922$20,883$16,082$9,506
23 years$41,225$32,185$24,858$19,019$14,436$8,285
24 years$39,088$30,155$22,989$17,346$12,975$7,227
25 years$37,125$28,299$21,293$15,842$11,676$6,310
26 years$35,316$26,597$19,748$14,485$10,517$5,513
27 years$33,644$25,031$18,338$13,258$9,482$4,819
28 years$32,094$23,586$17,047$12,147$8,556$4,215
29 years$30,654$22,251$15,864$11,139$7,726$3,689
30 years$29,312$21,014$14,777$10,223$6,981$3,229
31 years$28,059$19,865$13,776$9,389$6,311$2,828
32 years$26,887$18,796$12,853$8,629$5,709$2,478
33 years$25,788$17,800$12,001$7,935$5,167$2,171
34 years$24,756$16,871$11,213$7,301$4,678$1,903
35 years$23,785$16,002$10,483$6,721$4,237$1,668
36 years$22,871$15,188$9,807$6,190$3,839$1,463
37 years$22,007$14,425$9,179$5,703$3,479$1,283
38 years$21,191$13,709$8,596$5,257$3,154$1,125
39 years$20,419$13,036$8,053$4,847$2,860$987
40 years$19,687$12,402$7,548$4,471$2,594$866
41 years$18,993$11,806$7,078$4,125$2,354$760
42 years$18,333$11,244$6,639$3,807$2,136$667
43 years$17,706$10,713$6,230$3,514$1,938$585
44 years$17,109$10,212$5,848$3,245$1,759$513
45 years$16,540$9,738$5,491$2,996$1,597$450
46 years$15,998$9,289$5,157$2,768$1,450$395
47 years$15,480$8,865$4,845$2,557$1,317$347
48 years$14,985$8,463$4,553$2,363$1,196$305
49 years$14,512$8,081$4,280$2,184$1,086$267
50 years$14,059$7,720$4,024$2,018$987$235

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 $2,417 every year, while hoping to spend $25,225 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: 54/23/23 Blend
52$14,400,000$14,400,000$14,400,000$14,400,000
53$15,871,293$15,108,093$14,884,893$16,627,848
54$17,463,326$15,821,550$15,356,698$17,861,693
55$19,216,900$16,569,122$15,843,463$19,201,346
56$21,148,468$17,352,452$16,345,662$20,659,217
57$23,276,155$18,173,266$16,863,785$22,246,626
58$25,619,939$19,033,372$17,398,338$23,976,017
59$28,201,831$19,934,666$17,949,841$25,861,071
60$31,046,090$20,879,136$18,518,832$27,916,829
61$34,179,444$21,868,867$19,105,866$30,159,834
62$37,631,350$22,906,044$19,711,516$32,608,278
63$41,434,267$23,992,960$20,336,371$35,282,169
64$45,623,964$25,132,016$20,981,041$38,203,518
65$50,239,857$26,325,734$21,646,154$41,396,539
66$55,325,382$27,576,754$22,332,360$44,887,869
67$60,928,404$28,887,848$23,040,327$48,706,821
68$67,101,669$30,261,921$23,770,746$52,885,648
69$73,903,301$31,702,017$24,524,328$57,459,843
70$81,397,355$33,211,333$25,301,810$62,468,467
71$89,654,412$34,793,216$26,103,948$67,954,513
72$98,752,258$36,451,178$26,931,526$73,965,301
73$108,776,606$38,188,904$27,785,350$80,552,919
74$119,821,914$40,010,254$28,666,253$87,774,706
75$131,992,271$41,919,278$29,575,094$95,693,785
76$145,402,382$43,920,223$30,512,760$104,379,650
77$160,178,653$46,017,542$31,480,165$113,908,814
78$176,460,378$48,215,904$32,478,253$124,365,520
79$194,401,059$50,520,205$33,507,997$135,842,526
80$214,169,854$52,935,582$34,570,402$148,441,974
81$235,953,172$55,467,419$35,666,503$162,276,336
82$259,956,436$58,121,363$36,797,371$177,469,473
83$286,406,017$60,903,335$37,964,108$194,157,785
84$315,551,378$63,819,545$39,167,853$212,491,490
85$347,667,422$66,876,506$40,409,780$232,636,029
86$383,057,092$70,081,048$41,691,099$254,773,613
87$422,054,226$73,440,330$43,013,063$279,104,929
88$465,026,716$76,961,865$44,376,959$305,851,018
89$512,379,973$80,653,528$45,784,119$335,255,350
90$564,560,759$84,523,580$47,235,916$367,586,104
91$622,061,403$88,580,682$48,733,765$403,138,682
92$685,424,449$92,833,919$50,279,130$442,238,480
93$755,247,779$97,292,816$51,873,516$485,243,943
94$832,190,254$101,967,366$53,518,481$532,549,926
95$916,977,939$106,868,046$55,215,629$584,591,405
96$1,010,410,953$112,005,844$56,966,616$641,847,561
97$1,113,371,023$117,392,284$58,773,151$704,846,279
98$1,226,829,813$123,039,451$60,636,997$774,169,110
99$1,351,858,090$128,960,020$62,559,972$850,456,739
100$1,489,635,837$135,167,283$64,543,954$934,415,003