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%15.6%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,137,466
2 years$596,859$585,743$574,970$564,524$554,393$527,582
3 years$393,953$382,789$372,043$361,696$351,729$325,703
4 years$292,520$281,391$270,752$260,582$250,856$225,816
5 years$231,677$220,614$210,115$200,152$190,697$166,712
6 years$191,127$180,148$169,804$160,063$150,892$127,988
7 years$162,175$151,288$141,108$131,597$122,716$100,895
8 years$140,471$129,682$119,671$110,393$101,804$81,060
9 years$123,598$112,911$103,072$94,030$85,734$66,049
10 years$110,108$99,526$89,861$81,055$73,050$54,403
11 years$99,078$88,602$79,112$70,542$62,825$45,192
12 years$89,893$79,524$70,210$61,875$54,443$37,794
13 years$82,127$71,867$62,728$54,626$47,475$31,781
14 years$75,476$65,325$56,361$48,491$41,617$26,843
15 years$69,718$59,675$50,887$43,246$36,643$22,756
16 years$64,684$54,751$46,136$38,722$32,385$19,350
17 years$60,246$50,424$41,982$34,791$28,715$16,496
18 years$56,307$46,594$38,324$31,354$25,532$14,093
19 years$52,786$43,183$35,084$28,331$22,757$12,062
20 years$49,621$40,127$32,198$25,659$20,327$10,340
21 years$46,761$37,377$29,616$23,287$18,190$8,874
22 years$44,165$34,890$27,296$21,173$16,305$7,625
23 years$41,798$32,632$25,203$19,283$14,636$6,558
24 years$39,631$30,574$23,309$17,587$13,155$5,645
25 years$37,641$28,692$21,588$16,062$11,838$4,862
26 years$35,807$26,966$20,022$14,686$10,663$4,191
27 years$34,112$25,378$18,592$13,442$9,614$3,614
28 years$32,540$23,914$17,284$12,316$8,675$3,118
29 years$31,080$22,560$16,084$11,294$7,833$2,690
30 years$29,719$21,305$14,982$10,365$7,078$2,323
31 years$28,449$20,141$13,967$9,520$6,399$2,006
32 years$27,261$19,057$13,032$8,749$5,788$1,732
33 years$26,146$18,047$12,168$8,045$5,238$1,497
34 years$25,100$17,105$11,369$7,402$4,743$1,293
35 years$24,116$16,224$10,629$6,814$4,296$1,118
36 years$23,188$15,399$9,943$6,276$3,892$966
37 years$22,313$14,625$9,307$5,782$3,528$835
38 years$21,485$13,899$8,715$5,330$3,198$722
39 years$20,702$13,217$8,165$4,914$2,900$624
40 years$19,961$12,575$7,653$4,533$2,630$540
41 years$19,257$11,970$7,176$4,182$2,386$467
42 years$18,588$11,400$6,732$3,859$2,165$403
43 years$17,952$10,862$6,317$3,563$1,965$349
44 years$17,347$10,353$5,929$3,290$1,784$302
45 years$16,770$9,873$5,567$3,038$1,619$261
46 years$16,220$9,418$5,229$2,806$1,470$226
47 years$15,695$8,988$4,913$2,593$1,335$195
48 years$15,193$8,580$4,617$2,396$1,213$169
49 years$14,714$8,194$4,339$2,214$1,101$146
50 years$14,255$7,827$4,080$2,046$1,000$126

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 $6,049 every year, while hoping to spend $58,361 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: 29/49/22 Blend
52$14,600,000$14,600,000$14,600,000$14,600,000
53$16,095,440$15,321,640$15,095,340$16,451,104
54$17,675,079$16,010,304$15,538,938$17,414,932
55$19,413,885$16,730,757$15,995,441$18,444,854
56$21,328,032$17,484,495$16,465,218$19,550,942
57$23,435,341$18,273,085$16,948,653$20,739,784
58$25,755,448$19,098,169$17,446,135$22,018,589
59$28,309,993$19,961,468$17,958,069$23,395,248
60$31,122,816$20,864,784$18,484,869$24,878,401
61$34,220,192$21,810,007$19,026,960$26,477,514
62$37,631,069$22,799,115$19,584,782$28,202,953
63$41,387,349$23,834,183$20,158,783$30,066,084
64$45,524,184$24,917,383$20,749,427$32,079,362
65$50,080,309$26,050,993$21,357,191$34,256,445
66$55,098,408$27,237,398$21,982,564$36,612,312
67$60,625,514$28,479,100$22,626,049$39,163,394
68$66,713,458$29,778,717$23,288,163$41,927,718
69$73,419,353$31,138,996$23,969,438$44,925,071
70$80,806,134$32,562,814$24,670,422$48,177,168
71$88,943,154$34,053,187$25,391,676$51,707,850
72$97,906,836$35,613,274$26,133,777$55,543,298
73$107,781,396$37,246,386$26,897,321$59,712,261
74$118,659,635$38,955,995$27,682,918$64,246,321
75$130,643,816$40,745,738$28,491,195$69,180,171
76$143,846,633$42,619,427$29,322,797$74,551,932
77$158,392,267$44,581,056$30,178,388$80,403,495
78$174,417,564$46,634,814$31,058,650$86,780,900
79$192,073,324$48,785,088$31,964,283$93,734,754
80$211,525,724$51,036,478$32,896,008$101,320,695
81$232,957,888$53,393,806$33,854,564$109,599,890
82$256,571,614$55,862,124$34,840,713$118,639,600
83$282,589,279$58,446,728$35,855,237$128,513,794
84$311,255,937$61,153,169$36,898,939$139,303,822
85$342,841,634$63,987,266$37,972,645$151,099,165
86$377,643,957$66,955,118$39,077,205$163,998,253
87$415,990,840$70,063,118$40,213,491$178,109,371
88$458,243,661$73,317,967$41,382,398$193,551,659
89$504,800,656$76,726,689$42,584,850$210,456,204
90$556,100,673$80,296,646$43,821,792$228,967,254
91$612,627,317$84,035,557$45,094,198$249,243,548
92$674,913,517$87,951,513$46,403,067$271,459,785
93$743,546,553$92,052,995$47,749,427$295,808,243
94$819,173,602$96,348,892$49,134,334$322,500,555
95$902,507,847$100,848,526$50,558,872$351,769,680
96$994,335,210$105,561,665$52,024,156$383,872,056
97$1,095,521,767$110,498,553$53,531,331$419,089,990
98$1,207,021,930$115,669,925$55,081,574$457,734,281
99$1,329,887,454$121,087,039$56,676,094$500,147,108
100$1,465,277,364$126,761,693$58,316,132$546,705,222