Can I retire at age 53 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,144,652
2 years$592,771$581,731$571,031$560,658$550,595$538,913
3 years$391,255$380,167$369,495$359,219$349,320$337,917
4 years$290,517$279,463$268,898$258,797$249,138$238,101
5 years$230,090$219,103$208,676$198,781$189,391$178,753
6 years$189,818$178,914$168,641$158,967$149,859$139,633
7 years$161,064$150,252$140,141$130,695$121,875$112,066
8 years$139,508$128,793$118,851$109,637$101,107$91,714
9 years$122,752$112,138$102,366$93,386$85,147$76,167
10 years$109,354$98,844$89,245$80,500$72,549$63,977
11 years$98,400$87,995$78,570$70,059$62,395$54,222
12 years$89,277$78,980$69,729$61,451$54,070$46,290
13 years$81,565$71,374$62,298$54,252$47,150$39,753
14 years$74,959$64,877$55,975$48,159$41,332$34,307
15 years$69,240$59,267$50,538$42,949$36,392$29,730
16 years$64,240$54,376$45,820$38,457$32,163$25,853
17 years$59,834$50,078$41,695$34,553$28,518$22,547
18 years$55,921$46,275$38,062$31,139$25,357$19,714
19 years$52,424$42,887$34,844$28,137$22,601$17,275
20 years$49,281$39,852$31,978$25,483$20,188$15,165
21 years$46,441$37,121$29,413$23,128$18,066$13,335
22 years$43,862$34,651$27,109$21,028$16,193$11,742
23 years$41,511$32,408$25,030$19,151$14,536$10,352
24 years$39,360$30,365$23,149$17,467$13,065$9,137
25 years$37,383$28,496$21,441$15,952$11,757$8,072
26 years$35,562$26,781$19,885$14,585$10,590$7,136
27 years$33,878$25,204$18,465$13,350$9,548$6,314
28 years$32,317$23,750$17,166$12,232$8,615$5,590
29 years$30,867$22,405$15,974$11,217$7,779$4,952
30 years$29,516$21,160$14,879$10,294$7,029$4,389
31 years$28,254$20,003$13,871$9,454$6,355$3,891
32 years$27,074$18,927$12,942$8,689$5,749$3,451
33 years$25,967$17,924$12,084$7,990$5,202$3,063
34 years$24,928$16,988$11,291$7,352$4,710$2,718
35 years$23,951$16,113$10,556$6,768$4,266$2,413
36 years$23,029$15,293$9,875$6,233$3,865$2,143
37 years$22,160$14,525$9,243$5,743$3,503$1,903
38 years$21,338$13,804$8,656$5,293$3,176$1,691
39 years$20,561$13,126$8,109$4,881$2,880$1,502
40 years$19,824$12,489$7,601$4,502$2,612$1,335
41 years$19,125$11,888$7,127$4,153$2,370$1,187
42 years$18,461$11,322$6,686$3,833$2,151$1,055
43 years$17,829$10,787$6,273$3,538$1,952$938
44 years$17,228$10,282$5,889$3,267$1,772$834
45 years$16,655$9,805$5,529$3,017$1,608$741
46 years$16,109$9,354$5,193$2,787$1,460$659
47 years$15,588$8,926$4,879$2,575$1,326$586
48 years$15,089$8,521$4,585$2,379$1,204$521
49 years$14,613$8,138$4,310$2,199$1,094$463
50 years$14,157$7,773$4,052$2,032$993$412

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,500,000, adding $2,744 every year, while hoping to spend $29,846 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: 38/38/24 Blend
52$14,500,000$14,500,000$14,500,000$14,500,000
53$15,981,830$15,213,330$14,988,580$16,474,471
54$17,580,221$15,927,028$15,458,942$17,547,239
55$19,340,648$16,674,696$15,944,060$18,702,864
56$21,279,606$17,457,968$16,444,398$19,951,222
57$23,415,273$18,278,556$16,960,433$21,300,724
58$25,767,681$19,138,255$17,492,658$22,760,596
59$28,358,901$20,038,947$18,041,579$24,340,958
60$31,213,259$20,982,604$18,607,721$26,052,911
61$34,357,555$21,971,296$19,191,624$27,908,640
62$37,821,327$23,007,191$19,793,845$29,921,514
63$41,637,122$24,092,563$20,414,958$32,106,212
64$45,840,806$25,229,796$21,055,556$34,478,850
65$50,471,901$26,421,389$21,716,251$37,057,128
66$55,573,961$27,669,963$22,397,671$39,860,485
67$61,194,980$28,978,266$23,100,468$42,910,275
68$67,387,846$30,349,179$23,825,311$46,229,961
69$74,210,839$31,785,722$24,572,893$49,845,324
70$81,728,185$33,291,063$25,343,925$53,784,698
71$90,010,658$34,868,523$26,139,144$58,079,227
72$99,136,248$36,521,583$26,959,308$62,763,146
73$109,190,900$38,253,896$27,805,200$67,874,096
74$120,269,323$40,069,288$28,677,626$73,453,463
75$132,475,886$41,971,774$29,577,417$79,546,758
76$145,925,599$43,965,564$30,505,434$86,204,035
77$160,745,203$46,055,071$31,462,559$93,480,347
78$177,074,367$48,244,921$32,449,708$101,436,251
79$195,066,999$50,539,969$33,467,819$110,138,368
80$214,892,707$52,945,302$34,517,866$119,659,991
81$236,738,397$55,466,256$35,600,849$130,081,764
82$260,810,037$58,108,426$36,717,800$141,492,426
83$287,334,600$60,877,678$37,869,786$153,989,626
84$316,562,210$63,780,165$39,057,904$167,680,830
85$348,768,499$66,822,337$40,283,288$182,684,317
86$384,257,214$70,010,959$41,547,106$199,130,268
87$423,363,079$73,353,125$42,850,563$217,161,981
88$466,454,958$76,856,274$44,194,902$236,937,193
89$513,939,338$80,528,205$45,581,406$258,629,553
90$566,264,163$84,377,100$47,011,395$282,430,232
91$623,923,064$88,411,535$48,486,234$308,549,699
92$687,460,023$92,640,505$50,007,328$337,219,686
93$757,474,500$97,073,445$51,576,129$368,695,345
94$834,627,101$101,720,246$53,194,131$403,257,625
95$919,645,809$106,591,282$54,862,878$441,215,894
96$1,013,332,858$111,697,431$56,583,961$482,910,826
97$1,116,572,305$117,050,101$58,359,019$528,717,584
98$1,230,338,380$122,661,256$60,189,747$579,049,326
99$1,355,704,680$128,543,442$62,077,888$634,361,066
100$1,493,854,303$134,709,816$64,025,243$695,153,928