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%16.9%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,123,743
2 years$592,771$581,731$571,031$560,658$550,595$518,093
3 years$391,255$380,167$369,495$359,219$349,320$317,840
4 years$290,517$279,463$268,898$258,797$249,138$218,922
5 years$230,090$219,103$208,676$198,781$189,391$160,522
6 years$189,818$178,914$168,641$158,967$149,859$122,363
7 years$161,064$150,252$140,141$130,695$121,875$95,754
8 years$139,508$128,793$118,851$109,637$101,107$76,346
9 years$122,752$112,138$102,366$93,386$85,147$61,722
10 years$109,354$98,844$89,245$80,500$72,549$50,430
11 years$98,400$87,995$78,570$70,059$62,395$41,544
12 years$89,277$78,980$69,729$61,451$54,070$34,449
13 years$81,565$71,374$62,298$54,252$47,150$28,716
14 years$74,959$64,877$55,975$48,159$41,332$24,039
15 years$69,240$59,267$50,538$42,949$36,392$20,194
16 years$64,240$54,376$45,820$38,457$32,163$17,013
17 years$59,834$50,078$41,695$34,553$28,518$14,367
18 years$55,921$46,275$38,062$31,139$25,357$12,157
19 years$52,424$42,887$34,844$28,137$22,601$10,304
20 years$49,281$39,852$31,978$25,483$20,188$8,746
21 years$46,441$37,121$29,413$23,128$18,066$7,432
22 years$43,862$34,651$27,109$21,028$16,193$6,322
23 years$41,511$32,408$25,030$19,151$14,536$5,382
24 years$39,360$30,365$23,149$17,467$13,065$4,585
25 years$37,383$28,496$21,441$15,952$11,757$3,909
26 years$35,562$26,781$19,885$14,585$10,590$3,334
27 years$33,878$25,204$18,465$13,350$9,548$2,845
28 years$32,317$23,750$17,166$12,232$8,615$2,428
29 years$30,867$22,405$15,974$11,217$7,779$2,073
30 years$29,516$21,160$14,879$10,294$7,029$1,771
31 years$28,254$20,003$13,871$9,454$6,355$1,513
32 years$27,074$18,927$12,942$8,689$5,749$1,293
33 years$25,967$17,924$12,084$7,990$5,202$1,105
34 years$24,928$16,988$11,291$7,352$4,710$944
35 years$23,951$16,113$10,556$6,768$4,266$807
36 years$23,029$15,293$9,875$6,233$3,865$690
37 years$22,160$14,525$9,243$5,743$3,503$590
38 years$21,338$13,804$8,656$5,293$3,176$504
39 years$20,561$13,126$8,109$4,881$2,880$431
40 years$19,824$12,489$7,601$4,502$2,612$369
41 years$19,125$11,888$7,127$4,153$2,370$315
42 years$18,461$11,322$6,686$3,833$2,151$270
43 years$17,829$10,787$6,273$3,538$1,952$231
44 years$17,228$10,282$5,889$3,267$1,772$197
45 years$16,655$9,805$5,529$3,017$1,608$169
46 years$16,109$9,354$5,193$2,787$1,460$144
47 years$15,588$8,926$4,879$2,575$1,326$123
48 years$15,089$8,521$4,585$2,379$1,204$106
49 years$14,613$8,138$4,310$2,199$1,094$90
50 years$14,157$7,773$4,052$2,032$993$77

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 $3,332 every year, while hoping to spend $53,657 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: 48/27/25 Blend
52$14,500,000$14,500,000$14,500,000$14,500,000
53$15,982,437$15,213,937$14,989,187$16,635,702
54$17,555,555$15,902,329$15,434,234$17,782,052
55$19,287,333$16,622,654$15,892,392$19,020,614
56$21,193,896$17,376,420$16,364,043$20,364,593
57$23,293,016$18,165,208$16,849,581$21,823,938
58$25,604,273$18,990,672$17,349,411$23,409,579
59$28,149,242$19,854,548$17,863,949$25,133,529
60$30,951,697$20,758,653$18,393,624$27,008,989
61$34,037,837$21,704,894$18,938,878$29,050,470
62$37,436,529$22,695,266$19,500,163$31,273,924
63$41,179,583$23,731,862$20,077,946$33,696,892
64$45,302,051$24,816,874$20,672,707$36,338,660
65$49,842,558$25,952,598$21,284,941$39,220,437
66$54,843,667$27,141,444$21,915,155$42,365,550
67$60,352,280$28,385,934$22,563,872$45,799,660
68$66,420,081$29,688,713$23,231,629$49,550,991
69$73,104,021$31,052,552$23,918,981$53,650,599
70$80,466,859$32,480,355$24,626,495$58,132,648
71$88,577,753$33,975,167$25,354,756$63,034,735
72$97,512,911$35,540,177$26,104,368$68,398,231
73$107,356,313$37,178,730$26,875,949$74,268,663
74$118,200,500$38,894,331$27,670,136$80,696,140
75$130,147,450$40,690,652$28,487,585$87,735,815
76$143,309,539$42,571,544$29,328,968$95,448,395
77$157,810,604$44,541,041$30,194,980$103,900,705
78$173,787,107$46,603,373$31,086,334$113,166,313
79$191,389,428$48,762,975$32,003,762$123,326,208
80$210,783,280$51,024,492$32,948,019$134,469,558
81$232,151,278$53,392,795$33,919,881$146,694,538
82$255,694,657$55,872,990$34,920,146$160,109,246
83$281,635,175$58,470,430$35,949,633$174,832,711
84$310,217,205$61,190,723$37,009,188$190,996,005
85$341,710,042$64,039,751$38,099,678$208,743,464
86$376,410,445$67,023,678$39,221,997$228,234,037
87$414,645,438$70,148,965$40,377,061$249,642,776
88$456,775,395$73,422,387$41,565,815$273,162,467
89$503,197,446$76,851,044$42,789,230$299,005,438
90$554,349,222$80,442,381$44,048,305$327,405,545
91$610,712,986$84,204,202$45,344,067$358,620,362
92$672,820,188$88,144,685$46,677,571$392,933,595
93$741,256,481$92,272,409$48,049,904$430,657,740
94$816,667,248$96,596,363$49,462,181$472,137,016
95$899,763,695$101,125,973$50,915,552$517,750,587
96$991,329,567$105,871,119$52,411,198$567,916,128
97$1,092,228,541$110,842,163$53,950,331$623,093,739
98$1,203,412,386$116,049,963$55,534,201$683,790,265
99$1,325,929,945$121,505,906$57,164,092$750,564,059
100$1,460,937,033$127,221,930$58,841,323$824,030,225