Can I retire at age 53 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,130,127
2 years$596,859$585,743$574,970$564,524$554,393$520,316
3 years$393,953$382,789$372,043$361,696$351,729$318,742
4 years$292,520$281,391$270,752$260,582$250,856$219,211
5 years$231,677$220,614$210,115$200,152$190,697$160,480
6 years$191,127$180,148$169,804$160,063$150,892$122,131
7 years$162,175$151,288$141,108$131,597$122,716$95,410
8 years$140,471$129,682$119,671$110,393$101,804$75,937
9 years$123,598$112,911$103,072$94,030$85,734$61,280
10 years$110,108$99,526$89,861$81,055$73,050$49,974
11 years$99,078$88,602$79,112$70,542$62,825$41,090
12 years$89,893$79,524$70,210$61,875$54,443$34,005
13 years$82,127$71,867$62,728$54,626$47,475$28,288
14 years$75,476$65,325$56,361$48,491$41,617$23,632
15 years$69,718$59,675$50,887$43,246$36,643$19,810
16 years$64,684$54,751$46,136$38,722$32,385$16,654
17 years$60,246$50,424$41,982$34,791$28,715$14,033
18 years$56,307$46,594$38,324$31,354$25,532$11,848
19 years$52,786$43,183$35,084$28,331$22,757$10,020
20 years$49,621$40,127$32,198$25,659$20,327$8,485
21 years$46,761$37,377$29,616$23,287$18,190$7,194
22 years$44,165$34,890$27,296$21,173$16,305$6,105
23 years$41,798$32,632$25,203$19,283$14,636$5,185
24 years$39,631$30,574$23,309$17,587$13,155$4,407
25 years$37,641$28,692$21,588$16,062$11,838$3,748
26 years$35,807$26,966$20,022$14,686$10,663$3,189
27 years$34,112$25,378$18,592$13,442$9,614$2,714
28 years$32,540$23,914$17,284$12,316$8,675$2,311
29 years$31,080$22,560$16,084$11,294$7,833$1,968
30 years$29,719$21,305$14,982$10,365$7,078$1,677
31 years$28,449$20,141$13,967$9,520$6,399$1,429
32 years$27,261$19,057$13,032$8,749$5,788$1,218
33 years$26,146$18,047$12,168$8,045$5,238$1,038
34 years$25,100$17,105$11,369$7,402$4,743$885
35 years$24,116$16,224$10,629$6,814$4,296$755
36 years$23,188$15,399$9,943$6,276$3,892$644
37 years$22,313$14,625$9,307$5,782$3,528$549
38 years$21,485$13,899$8,715$5,330$3,198$468
39 years$20,702$13,217$8,165$4,914$2,900$399
40 years$19,961$12,575$7,653$4,533$2,630$341
41 years$19,257$11,970$7,176$4,182$2,386$291
42 years$18,588$11,400$6,732$3,859$2,165$248
43 years$17,952$10,862$6,317$3,563$1,965$211
44 years$17,347$10,353$5,929$3,290$1,784$180
45 years$16,770$9,873$5,567$3,038$1,619$154
46 years$16,220$9,418$5,229$2,806$1,470$131
47 years$15,695$8,988$4,913$2,593$1,335$112
48 years$15,193$8,580$4,617$2,396$1,213$96
49 years$14,714$8,194$4,339$2,214$1,101$82
50 years$14,255$7,827$4,080$2,046$1,000$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,600,000, adding $5,701 every year, while hoping to spend $43,878 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: 73/14/13 Blend
52$14,600,000$14,600,000$14,600,000$14,600,000
53$16,095,081$15,321,281$15,094,981$17,225,514
54$17,690,093$16,025,337$15,553,977$18,678,208
55$19,446,326$16,762,423$16,026,878$20,262,938
56$21,380,178$17,534,108$16,514,105$21,997,565
57$23,509,718$18,342,041$17,016,090$23,896,926
58$25,854,857$19,187,949$17,533,277$25,977,352
59$28,437,535$20,073,642$18,066,125$28,256,820
60$31,281,930$21,001,016$18,615,106$30,755,121
61$34,414,681$21,972,060$19,180,706$33,494,044
62$37,865,146$22,988,858$19,763,427$36,497,580
63$41,665,673$24,053,595$20,363,784$39,792,142
64$45,851,910$25,168,559$20,982,309$43,406,815
65$50,463,138$26,336,152$21,619,550$47,373,624
66$55,542,643$27,558,888$22,276,069$51,727,837
67$61,138,123$28,839,404$22,952,448$56,508,292
68$67,302,142$30,180,465$23,649,285$61,757,758
69$74,092,620$31,584,967$24,367,196$67,523,341
70$81,573,385$33,055,949$25,106,815$73,856,918
71$89,814,773$34,596,593$25,868,796$80,815,627
72$98,894,291$36,210,237$26,653,812$88,462,400
73$108,897,350$37,900,380$27,462,556$96,866,554
74$119,918,069$39,670,688$28,295,741$106,104,439
75$132,060,168$41,525,007$29,154,104$116,260,157
76$145,437,940$43,467,367$30,038,401$127,426,346
77$160,177,335$45,501,994$30,949,413$139,705,053
78$176,417,147$47,633,316$31,887,942$153,208,691
79$194,310,325$49,865,976$32,854,817$168,061,095
80$214,025,413$52,204,845$33,850,889$184,398,682
81$235,748,147$54,655,023$34,877,035$202,371,736
82$259,683,202$57,221,863$35,934,159$222,145,817
83$286,056,128$59,910,974$37,023,193$243,903,321
84$315,115,477$62,728,236$38,145,094$267,845,192
85$347,135,151$65,679,815$39,300,851$294,192,809
86$382,416,986$68,772,176$40,491,478$323,190,074
87$421,293,601$72,012,094$41,718,025$355,105,702
88$464,131,537$75,406,676$42,981,568$390,235,751
89$511,334,722$78,963,371$44,283,219$428,906,406
90$563,348,277$82,689,990$45,624,120$471,477,052
91$620,662,724$86,594,722$47,005,450$518,343,654
92$683,818,611$90,686,153$48,428,422$569,942,487
93$753,411,620$94,973,284$49,894,285$626,754,242
94$830,098,186$99,465,556$51,404,324$689,308,556
95$914,601,698$104,172,865$52,959,866$758,188,996
96$1,007,719,322$109,105,587$54,562,273$834,038,561
97$1,110,329,534$114,274,602$56,212,950$917,565,734
98$1,223,400,408$119,691,318$57,913,345$1,009,551,163
99$1,347,998,754$125,367,698$59,664,947$1,110,855,011
100$1,485,300,194$131,316,282$61,469,289$1,222,425,067