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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,130,135
2 years$592,771$581,731$571,031$560,658$550,595$524,425
3 years$391,255$380,167$369,495$359,219$349,320$323,911
4 years$290,517$279,463$268,898$258,797$249,138$224,687
5 years$230,090$219,103$208,676$198,781$189,391$165,966
6 years$189,818$178,914$168,641$158,967$149,859$127,484
7 years$161,064$150,252$140,141$130,695$121,875$100,555
8 years$139,508$128,793$118,851$109,637$101,107$80,834
9 years$122,752$112,138$102,366$93,386$85,147$65,904
10 years$109,354$98,844$89,245$80,500$72,549$54,318
11 years$98,400$87,995$78,570$70,059$62,395$45,149
12 years$89,277$78,980$69,729$61,451$54,070$37,784
13 years$81,565$71,374$62,298$54,252$47,150$31,793
14 years$74,959$64,877$55,975$48,159$41,332$26,872
15 years$69,240$59,267$50,538$42,949$36,392$22,796
16 years$64,240$54,376$45,820$38,457$32,163$19,398
17 years$59,834$50,078$41,695$34,553$28,518$16,549
18 years$55,921$46,275$38,062$31,139$25,357$14,149
19 years$52,424$42,887$34,844$28,137$22,601$12,119
20 years$49,281$39,852$31,978$25,483$20,188$10,396
21 years$46,441$37,121$29,413$23,128$18,066$8,930
22 years$43,862$34,651$27,109$21,028$16,193$7,679
23 years$41,511$32,408$25,030$19,151$14,536$6,609
24 years$39,360$30,365$23,149$17,467$13,065$5,694
25 years$37,383$28,496$21,441$15,952$11,757$4,908
26 years$35,562$26,781$19,885$14,585$10,590$4,234
27 years$33,878$25,204$18,465$13,350$9,548$3,654
28 years$32,317$23,750$17,166$12,232$8,615$3,154
29 years$30,867$22,405$15,974$11,217$7,779$2,725
30 years$29,516$21,160$14,879$10,294$7,029$2,354
31 years$28,254$20,003$13,871$9,454$6,355$2,034
32 years$27,074$18,927$12,942$8,689$5,749$1,759
33 years$25,967$17,924$12,084$7,990$5,202$1,521
34 years$24,928$16,988$11,291$7,352$4,710$1,315
35 years$23,951$16,113$10,556$6,768$4,266$1,137
36 years$23,029$15,293$9,875$6,233$3,865$984
37 years$22,160$14,525$9,243$5,743$3,503$851
38 years$21,338$13,804$8,656$5,293$3,176$736
39 years$20,561$13,126$8,109$4,881$2,880$637
40 years$19,824$12,489$7,601$4,502$2,612$552
41 years$19,125$11,888$7,127$4,153$2,370$477
42 years$18,461$11,322$6,686$3,833$2,151$413
43 years$17,829$10,787$6,273$3,538$1,952$358
44 years$17,228$10,282$5,889$3,267$1,772$309
45 years$16,655$9,805$5,529$3,017$1,608$268
46 years$16,109$9,354$5,193$2,787$1,460$232
47 years$15,588$8,926$4,879$2,575$1,326$201
48 years$15,089$8,521$4,585$2,379$1,204$174
49 years$14,613$8,138$4,310$2,199$1,094$150
50 years$14,157$7,773$4,052$2,032$993$130

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 $3,352 every year, while hoping to spend $59,292 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: 41/44/15 Blend
52$14,500,000$14,500,000$14,500,000$14,500,000
53$15,982,458$15,213,958$14,989,208$16,566,814
54$17,549,582$15,896,355$15,428,260$17,662,455
55$19,274,566$16,610,203$15,880,033$18,841,493
56$21,173,448$17,356,980$16,344,891$20,116,333
57$23,263,903$18,138,234$16,823,207$21,495,734
58$25,565,402$18,955,589$17,315,366$22,989,302
59$28,099,405$19,810,745$17,821,762$24,607,578
60$30,889,555$20,705,482$18,342,803$26,362,132
61$33,961,907$21,641,668$18,878,904$28,265,661
62$37,345,170$22,621,259$19,430,496$30,332,106
63$41,070,979$23,646,302$19,998,019$32,576,775
64$45,174,194$24,718,945$20,581,927$35,016,478
65$49,693,226$25,841,438$21,182,686$37,669,684
66$54,670,405$27,016,138$21,800,776$40,556,678
67$60,152,372$28,245,516$22,436,688$43,699,751
68$66,190,527$29,532,158$23,090,930$47,123,400
69$72,841,505$30,878,779$23,764,021$50,854,547
70$80,167,719$32,288,219$24,456,496$54,922,786
71$88,237,942$33,763,458$25,168,904$59,360,650
72$97,127,962$35,307,617$25,901,812$64,203,910
73$106,921,291$36,923,967$26,655,800$69,491,898
74$117,709,957$38,615,936$27,431,463$75,267,871
75$129,595,371$40,387,116$28,229,416$81,579,400
76$142,689,287$42,241,272$29,050,289$88,478,814
77$157,114,850$44,182,350$29,894,730$96,023,674
78$173,007,766$46,214,486$30,763,404$104,277,308
79$190,517,575$48,342,013$31,656,996$113,309,386
80$209,809,070$50,569,474$32,576,207$123,196,573
81$231,063,847$52,901,630$33,521,762$134,023,225
82$254,482,020$55,343,470$34,494,401$145,882,177
83$280,284,111$57,900,225$35,494,889$158,875,598
84$308,713,130$60,577,376$36,524,007$173,115,936
85$340,036,870$63,380,669$37,582,563$188,726,964
86$374,550,435$66,316,126$38,671,382$205,844,922
87$412,579,022$69,390,058$39,791,316$224,619,787
88$454,480,995$72,609,084$40,943,238$245,216,664
89$500,651,264$75,980,137$42,128,045$267,817,324
90$551,525,017$79,510,488$43,346,658$292,621,890
91$607,581,824$83,207,757$44,600,026$319,850,706
92$669,350,165$87,079,932$45,889,122$349,746,389
93$737,412,419$91,135,385$47,214,944$382,576,089
94$812,410,361$95,382,895$48,578,521$418,633,984
95$895,051,223$99,831,661$49,980,906$458,244,026
96$986,114,365$104,491,330$51,423,184$501,762,966
97$1,086,458,637$109,372,013$52,906,468$549,583,688
98$1,197,030,484$114,484,307$54,431,900$602,138,887
99$1,318,872,881$119,839,326$56,000,657$659,905,110
100$1,453,135,179$125,448,717$57,613,943$723,407,221