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

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,135,619
2 years$596,859$585,743$574,970$564,524$554,393$525,749
3 years$393,953$382,789$372,043$361,696$351,729$323,944
4 years$292,520$281,391$270,752$260,582$250,856$224,143
5 years$231,677$220,614$210,115$200,152$190,697$165,130
6 years$191,127$180,148$169,804$160,063$150,892$126,496
7 years$162,175$151,288$141,108$131,597$122,716$99,495
8 years$140,471$129,682$119,671$110,393$101,804$79,748
9 years$123,598$112,911$103,072$94,030$85,734$64,824
10 years$110,108$99,526$89,861$81,055$73,050$53,262
11 years$99,078$88,602$79,112$70,542$62,825$44,131
12 years$89,893$79,524$70,210$61,875$54,443$36,811
13 years$82,127$71,867$62,728$54,626$47,475$30,871
14 years$75,476$65,325$56,361$48,491$41,617$26,003
15 years$69,718$59,675$50,887$43,246$36,643$21,983
16 years$64,684$54,751$46,136$38,722$32,385$18,640
17 years$60,246$50,424$41,982$34,791$28,715$15,844
18 years$56,307$46,594$38,324$31,354$25,532$13,497
19 years$52,786$43,183$35,084$28,331$22,757$11,517
20 years$49,621$40,127$32,198$25,659$20,327$9,842
21 years$46,761$37,377$29,616$23,287$18,190$8,422
22 years$44,165$34,890$27,296$21,173$16,305$7,214
23 years$41,798$32,632$25,203$19,283$14,636$6,185
24 years$39,631$30,574$23,309$17,587$13,155$5,307
25 years$37,641$28,692$21,588$16,062$11,838$4,557
26 years$35,807$26,966$20,022$14,686$10,663$3,915
27 years$34,112$25,378$18,592$13,442$9,614$3,365
28 years$32,540$23,914$17,284$12,316$8,675$2,893
29 years$31,080$22,560$16,084$11,294$7,833$2,489
30 years$29,719$21,305$14,982$10,365$7,078$2,141
31 years$28,449$20,141$13,967$9,520$6,399$1,843
32 years$27,261$19,057$13,032$8,749$5,788$1,587
33 years$26,146$18,047$12,168$8,045$5,238$1,366
34 years$25,100$17,105$11,369$7,402$4,743$1,176
35 years$24,116$16,224$10,629$6,814$4,296$1,013
36 years$23,188$15,399$9,943$6,276$3,892$873
37 years$22,313$14,625$9,307$5,782$3,528$752
38 years$21,485$13,899$8,715$5,330$3,198$648
39 years$20,702$13,217$8,165$4,914$2,900$558
40 years$19,961$12,575$7,653$4,533$2,630$481
41 years$19,257$11,970$7,176$4,182$2,386$415
42 years$18,588$11,400$6,732$3,859$2,165$357
43 years$17,952$10,862$6,317$3,563$1,965$308
44 years$17,347$10,353$5,929$3,290$1,784$265
45 years$16,770$9,873$5,567$3,038$1,619$229
46 years$16,220$9,418$5,229$2,806$1,470$197
47 years$15,695$8,988$4,913$2,593$1,335$170
48 years$15,193$8,580$4,617$2,396$1,213$146
49 years$14,714$8,194$4,339$2,214$1,101$126
50 years$14,255$7,827$4,080$2,046$1,000$109

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 $6,562 every year, while hoping to spend $49,859 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: 69/20/11 Blend
52$14,600,000$14,600,000$14,600,000$14,600,000
53$16,095,969$15,322,169$15,095,869$17,169,250
54$17,684,708$16,019,905$15,548,531$18,580,158
55$19,433,827$16,750,160$16,014,686$20,116,496
56$21,359,634$17,514,474$16,494,733$21,795,912
57$23,480,094$18,314,460$16,989,085$23,632,454
58$25,815,007$19,151,813$17,498,163$25,641,581
59$28,386,190$20,028,303$18,022,403$27,840,301
60$31,217,681$20,945,791$18,562,254$30,247,336
61$34,335,973$21,906,222$19,118,177$32,883,290
62$37,770,253$22,911,638$19,690,648$35,770,840
63$41,552,689$23,964,179$20,280,154$38,934,949
64$45,718,724$25,066,084$20,887,200$42,403,096
65$50,307,416$26,219,704$21,512,303$46,205,531
66$55,361,804$27,427,501$22,155,997$50,375,557
67$60,929,315$28,692,056$22,818,830$54,949,842
68$67,062,211$30,016,073$23,501,367$59,968,757
69$73,818,083$31,402,387$24,204,189$65,476,752
70$81,260,393$32,853,969$24,927,895$71,522,776
71$89,459,074$34,373,934$25,673,100$78,160,726
72$98,491,189$35,965,547$26,440,439$85,449,958
73$108,441,660$37,632,228$27,230,563$93,455,837
74$119,404,066$39,377,564$28,044,143$102,250,348
75$131,481,530$41,205,314$28,881,872$111,912,770
76$144,787,691$43,119,419$29,744,459$122,530,419
77$159,447,774$45,124,009$30,632,637$134,199,466
78$175,599,775$47,223,414$31,547,158$147,025,833
79$193,395,762$49,422,172$32,488,799$161,126,191
80$213,003,312$51,725,040$33,458,355$176,629,050
81$234,607,089$54,137,006$34,456,650$193,675,965
82$258,410,591$56,663,298$35,484,526$212,422,866
83$284,638,067$59,309,396$36,542,854$233,041,516
84$313,536,639$62,081,045$37,632,528$255,721,128
85$345,378,628$64,984,268$38,754,469$280,670,138
86$380,464,128$68,025,378$39,909,625$308,118,167
87$419,123,842$71,210,994$41,098,970$338,318,171
88$461,722,197$74,548,056$42,323,508$371,548,825
89$508,660,786$78,043,836$43,584,271$408,117,136
90$560,382,164$81,705,962$44,882,322$448,361,336
91$617,374,019$85,542,428$46,218,754$492,654,053
92$680,173,779$89,561,617$47,594,692$541,405,825
93$749,373,684$93,772,315$49,011,294$595,068,955
94$825,626,378$98,183,737$50,469,750$654,141,769
95$909,651,068$102,805,540$51,971,287$719,173,305
96$1,002,240,318$107,647,852$53,517,166$790,768,478
97$1,104,267,523$112,721,290$55,108,684$869,593,779
98$1,216,695,162$118,036,985$56,747,176$956,383,544
99$1,340,583,880$123,606,608$58,434,018$1,051,946,871
100$1,477,102,499$129,442,396$60,170,621$1,157,175,239