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%16.6%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,132,864
2 years$596,859$585,743$574,970$564,524$554,393$523,021
3 years$393,953$382,789$372,043$361,696$351,729$321,329
4 years$292,520$281,391$270,752$260,582$250,856$221,661
5 years$231,677$220,614$210,115$200,152$190,697$162,787
6 years$191,127$180,148$169,804$160,063$150,892$124,294
7 years$162,175$151,288$141,108$131,597$122,716$97,430
8 years$140,471$129,682$119,671$110,393$101,804$77,820
9 years$123,598$112,911$103,072$94,030$85,734$63,028
10 years$110,108$99,526$89,861$81,055$73,050$51,593
11 years$99,078$88,602$79,112$70,542$62,825$42,584
12 years$89,893$79,524$70,210$61,875$54,443$35,381
13 years$82,127$71,867$62,728$54,626$47,475$29,552
14 years$75,476$65,325$56,361$48,491$41,617$24,791
15 years$69,718$59,675$50,887$43,246$36,643$20,869
16 years$64,684$54,751$46,136$38,722$32,385$17,620
17 years$60,246$50,424$41,982$34,791$28,715$14,913
18 years$56,307$46,594$38,324$31,354$25,532$12,647
19 years$52,786$43,183$35,084$28,331$22,757$10,743
20 years$49,621$40,127$32,198$25,659$20,327$9,140
21 years$46,761$37,377$29,616$23,287$18,190$7,785
22 years$44,165$34,890$27,296$21,173$16,305$6,637
23 years$41,798$32,632$25,203$19,283$14,636$5,664
24 years$39,631$30,574$23,309$17,587$13,155$4,837
25 years$37,641$28,692$21,588$16,062$11,838$4,133
26 years$35,807$26,966$20,022$14,686$10,663$3,534
27 years$34,112$25,378$18,592$13,442$9,614$3,022
28 years$32,540$23,914$17,284$12,316$8,675$2,586
29 years$31,080$22,560$16,084$11,294$7,833$2,214
30 years$29,719$21,305$14,982$10,365$7,078$1,895
31 years$28,449$20,141$13,967$9,520$6,399$1,623
32 years$27,261$19,057$13,032$8,749$5,788$1,390
33 years$26,146$18,047$12,168$8,045$5,238$1,191
34 years$25,100$17,105$11,369$7,402$4,743$1,021
35 years$24,116$16,224$10,629$6,814$4,296$875
36 years$23,188$15,399$9,943$6,276$3,892$750
37 years$22,313$14,625$9,307$5,782$3,528$643
38 years$21,485$13,899$8,715$5,330$3,198$551
39 years$20,702$13,217$8,165$4,914$2,900$472
40 years$19,961$12,575$7,653$4,533$2,630$405
41 years$19,257$11,970$7,176$4,182$2,386$347
42 years$18,588$11,400$6,732$3,859$2,165$298
43 years$17,952$10,862$6,317$3,563$1,965$255
44 years$17,347$10,353$5,929$3,290$1,784$219
45 years$16,770$9,873$5,567$3,038$1,619$188
46 years$16,220$9,418$5,229$2,806$1,470$161
47 years$15,695$8,988$4,913$2,593$1,335$138
48 years$15,193$8,580$4,617$2,396$1,213$118
49 years$14,714$8,194$4,339$2,214$1,101$101
50 years$14,255$7,827$4,080$2,046$1,000$87

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 $2,112 every year, while hoping to spend $55,497 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: 68/15/17 Blend
52$14,600,000$14,600,000$14,600,000$14,600,000
53$16,091,379$15,317,579$15,091,279$17,119,739
54$17,673,651$16,009,091$15,537,788$18,497,735
55$19,415,455$16,732,629$15,997,395$19,997,726
56$21,333,004$17,489,700$16,470,481$21,637,063
57$23,444,164$18,281,890$16,957,436$23,429,452
58$25,768,622$19,110,855$17,458,663$25,389,976
59$28,328,068$19,978,333$17,974,575$27,535,237
60$31,146,406$20,886,147$18,505,598$29,883,508
61$34,249,974$21,836,202$19,052,170$32,454,903
62$37,667,794$22,830,499$19,614,741$35,271,565
63$41,431,849$23,871,133$20,193,774$38,357,871
64$45,577,378$24,960,300$20,789,746$41,740,657
65$50,143,215$26,100,299$21,403,147$45,449,472
66$55,172,151$27,293,541$22,034,481$49,516,850
67$60,711,340$28,542,554$22,684,265$53,978,614
68$66,812,742$29,849,985$23,353,034$58,874,214
69$73,533,616$31,218,609$24,041,335$64,247,089
70$80,937,057$32,651,333$24,749,732$70,145,077
71$89,092,594$34,151,206$25,478,805$76,620,862
72$98,076,845$35,721,421$26,229,151$83,732,465
73$107,974,239$37,365,326$27,001,383$91,543,789
74$118,877,814$39,086,429$27,796,132$100,125,217
75$130,890,094$40,888,408$28,614,047$109,554,270
76$144,124,060$42,775,116$29,455,793$119,916,333
77$158,704,211$44,750,594$30,322,059$131,305,458
78$174,767,741$46,819,073$31,213,548$143,825,243
79$192,465,835$48,984,993$32,130,987$157,589,806
80$211,965,097$51,253,004$33,075,121$172,724,857
81$233,449,117$53,627,981$34,046,718$189,368,873
82$257,120,210$56,115,035$35,046,566$207,674,403
83$283,201,322$58,719,522$36,075,477$227,809,501
84$311,938,135$61,447,057$37,134,283$249,959,301
85$343,601,387$64,303,525$38,223,844$274,327,759
86$378,489,425$67,295,095$39,345,040$301,139,573
87$416,931,026$70,428,234$40,498,778$330,642,290
88$459,288,493$73,709,720$41,685,990$363,108,637
89$505,961,084$77,146,660$42,907,635$398,839,089
90$557,388,771$80,746,503$44,164,697$438,164,689
91$614,056,401$84,517,058$45,458,190$481,450,170
92$676,498,270$88,466,509$46,789,155$529,097,382
93$745,303,165$92,603,440$48,158,664$581,549,078
94$821,119,925$96,936,845$49,567,816$639,293,081
95$904,663,563$101,476,157$51,017,743$702,866,877
96$996,722,018$106,231,260$52,509,610$772,862,677
97$1,098,163,594$111,212,521$54,044,611$849,932,993
98$1,209,945,151$116,430,806$55,623,977$934,796,787
99$1,333,121,147$121,897,506$57,248,971$1,028,246,240
100$1,468,853,585$127,624,565$58,920,892$1,131,154,219