Can I retire at age 53 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,143,861
2 years$600,947$589,755$578,908$568,391$558,190$529,811
3 years$396,652$385,411$374,592$364,174$354,139$326,605
4 years$294,524$283,318$272,607$262,367$252,575$226,098
5 years$233,263$222,125$211,554$201,523$192,003$166,657
6 years$192,436$181,382$170,967$161,159$151,926$127,736
7 years$163,286$152,324$142,074$132,498$123,556$100,527
8 years$141,433$130,570$120,490$111,149$102,502$80,622
9 years$124,445$113,684$103,778$94,674$86,321$65,574
10 years$110,862$100,207$90,476$81,610$73,550$53,912
11 years$99,757$89,209$79,654$71,025$63,256$44,698
12 years$90,509$80,069$70,691$62,299$54,816$37,308
13 years$82,690$72,359$63,158$55,001$47,801$31,309
14 years$75,993$65,772$56,747$48,823$41,902$26,390
15 years$70,195$60,084$51,235$43,542$36,894$22,326
16 years$65,127$55,126$46,452$38,987$32,607$18,944
17 years$60,659$50,769$42,270$35,029$28,911$16,115
18 years$56,692$46,913$38,587$31,569$25,707$13,737
19 years$53,147$43,478$35,324$28,525$22,913$11,731
20 years$49,961$40,402$32,419$25,835$20,466$10,033
21 years$47,081$37,633$29,819$23,447$18,315$8,591
22 years$44,467$35,129$27,483$21,318$16,417$7,365
23 years$42,084$32,856$25,376$19,415$14,737$6,320
24 years$39,903$30,784$23,468$17,708$13,246$5,427
25 years$37,899$28,889$21,736$16,172$11,919$4,663
26 years$36,052$27,151$20,159$14,787$10,736$4,009
27 years$34,345$25,552$18,720$13,535$9,680$3,449
28 years$32,763$24,078$17,402$12,401$8,734$2,968
29 years$31,293$22,714$16,194$11,372$7,887$2,555
30 years$29,923$21,451$15,084$10,436$7,126$2,200
31 years$28,644$20,279$14,063$9,585$6,443$1,895
32 years$27,447$19,188$13,121$8,809$5,828$1,633
33 years$26,326$18,171$12,251$8,100$5,274$1,407
34 years$25,272$17,222$11,447$7,453$4,775$1,213
35 years$24,281$16,335$10,702$6,861$4,325$1,046
36 years$23,347$15,504$10,011$6,319$3,919$901
37 years$22,466$14,725$9,370$5,822$3,552$777
38 years$21,633$13,994$8,775$5,366$3,220$670
39 years$20,844$13,307$8,221$4,948$2,920$578
40 years$20,097$12,661$7,706$4,564$2,648$498
41 years$19,388$12,052$7,225$4,211$2,403$430
42 years$18,715$11,478$6,778$3,886$2,180$371
43 years$18,075$10,936$6,360$3,587$1,979$320
44 years$17,466$10,424$5,970$3,312$1,796$276
45 years$16,885$9,941$5,606$3,059$1,631$238
46 years$16,331$9,483$5,265$2,825$1,480$205
47 years$15,803$9,050$4,946$2,610$1,344$177
48 years$15,298$8,639$4,648$2,412$1,221$153
49 years$14,815$8,250$4,369$2,229$1,109$132
50 years$14,352$7,881$4,107$2,060$1,007$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,700,000, adding $6,734 every year, while hoping to spend $23,205 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: 27/48/25 Blend
52$14,700,000$14,700,000$14,700,000$14,700,000
53$16,206,346$15,427,246$15,199,396$16,516,694
54$17,834,703$16,158,491$15,683,886$17,496,453
55$19,628,376$16,924,790$16,183,828$18,545,207
56$21,604,200$17,727,834$16,699,717$19,670,784
57$23,780,731$18,569,401$17,232,060$20,879,727
58$26,178,415$19,451,351$17,781,383$22,179,196
59$28,819,781$20,375,635$18,348,228$23,577,015
60$31,729,659$21,344,302$18,933,154$25,081,747
61$34,935,408$22,359,496$19,536,738$26,702,763
62$38,467,177$23,423,469$20,159,576$28,450,320
63$42,358,190$24,538,579$20,802,282$30,335,651
64$46,645,058$25,707,302$21,465,491$32,371,059
65$51,368,125$26,932,232$22,149,857$34,570,023
66$56,571,852$28,216,089$22,856,055$36,947,316
67$62,305,230$29,561,727$23,584,783$39,519,133
68$68,622,250$30,972,137$24,336,758$42,303,230
69$75,582,404$32,450,457$25,112,725$45,319,079
70$83,251,256$33,999,976$25,913,448$48,588,044
71$91,701,053$35,624,144$26,739,717$52,133,561
72$101,011,412$37,326,578$27,592,349$55,981,352
73$111,270,068$39,111,073$28,472,185$60,159,650
74$122,573,705$40,981,606$29,380,094$64,699,449
75$135,028,867$42,942,348$30,316,971$69,634,782
76$148,752,964$44,997,676$31,283,742$75,003,027
77$163,875,380$47,152,176$32,281,361$80,845,235
78$180,538,696$49,410,659$33,310,813$87,206,509
79$198,900,032$51,778,170$34,373,115$94,136,400
80$219,132,536$54,260,001$35,469,315$101,689,362
81$241,427,013$56,861,700$36,600,495$109,925,240
82$265,993,731$59,589,085$37,767,774$118,909,816
83$293,064,400$62,448,259$38,972,303$128,715,405
84$322,894,365$65,445,621$40,215,272$139,421,510
85$355,765,015$68,587,881$41,497,908$151,115,552
86$391,986,437$71,882,077$42,821,479$163,893,667
87$431,900,346$75,335,592$44,187,290$177,861,581
88$475,883,310$78,956,164$45,596,693$193,135,585
89$524,350,303$82,751,911$47,051,078$209,843,599
90$577,758,627$86,731,348$48,551,882$228,126,344
91$636,612,224$90,903,402$50,100,587$248,138,644
92$701,466,438$95,277,436$51,698,724$270,050,845
93$772,933,255$99,863,270$53,347,872$294,050,390
94$851,687,080$104,671,204$55,049,659$320,343,548
95$938,471,106$109,712,037$56,805,766$349,157,321
96$1,034,104,330$114,997,097$58,617,930$380,741,546
97$1,139,489,280$120,538,264$60,487,939$415,371,207
98$1,255,620,545$126,347,996$62,417,643$453,348,983
99$1,383,594,154$132,439,362$64,408,948$495,008,059
100$1,524,617,931$138,826,064$66,463,821$540,715,221