Can I retire at age 53 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,173,227
2 years$605,035$593,767$582,846$572,257$561,987$554,980
3 years$399,350$388,033$377,140$366,651$356,548$349,695
4 years$296,528$285,245$274,461$264,151$254,293$247,649
5 years$234,850$223,636$212,993$202,894$193,309$186,893
6 years$193,746$182,615$172,130$162,256$152,959$146,779
7 years$164,396$153,360$143,041$133,399$124,397$118,455
8 years$142,395$131,458$121,310$111,905$103,199$97,497
9 years$125,291$114,458$104,484$95,319$86,909$81,444
10 years$111,617$100,889$91,092$82,165$74,050$68,821
11 years$100,435$89,816$80,196$71,509$63,686$58,688
12 years$91,125$80,614$71,172$62,723$55,189$50,418
13 years$83,252$72,851$63,587$55,375$48,126$43,578
14 years$76,510$66,220$57,133$49,155$42,187$37,856
15 years$70,673$60,493$51,584$43,838$37,144$33,025
16 years$65,570$55,501$46,768$39,252$32,828$28,915
17 years$61,072$51,114$42,557$35,268$29,108$25,394
18 years$57,078$47,232$38,849$31,783$25,881$22,361
19 years$53,509$43,774$35,565$28,719$23,069$19,735
20 years$50,301$40,677$32,639$26,011$20,605$17,452
21 years$47,402$37,889$30,022$23,606$18,439$15,460
22 years$44,770$35,368$27,670$21,463$16,528$13,715
23 years$42,370$33,079$25,548$19,547$14,837$12,184
24 years$40,174$30,993$23,628$17,828$13,336$10,836
25 years$38,157$29,085$21,884$16,282$12,000$9,647
26 years$36,298$27,336$20,296$14,887$10,809$8,597
27 years$34,579$25,726$18,847$13,627$9,745$7,666
28 years$32,986$24,241$17,521$12,485$8,793$6,842
29 years$31,506$22,869$16,305$11,449$7,940$6,110
30 years$30,126$21,597$15,187$10,507$7,175$5,459
31 years$28,839$20,417$14,158$9,650$6,486$4,880
32 years$27,634$19,318$13,210$8,869$5,867$4,364
33 years$26,505$18,295$12,334$8,155$5,310$3,905
34 years$25,444$17,339$11,524$7,504$4,808$3,495
35 years$24,446$16,446$10,775$6,908$4,354$3,129
36 years$23,506$15,610$10,079$6,362$3,945$2,802
37 years$22,618$14,826$9,434$5,861$3,576$2,510
38 years$21,780$14,090$8,835$5,403$3,242$2,248
39 years$20,986$13,398$8,277$4,982$2,940$2,015
40 years$20,234$12,747$7,758$4,595$2,666$1,806
41 years$19,520$12,134$7,275$4,239$2,419$1,619
42 years$18,843$11,556$6,824$3,912$2,195$1,451
43 years$18,198$11,010$6,403$3,612$1,992$1,301
44 years$17,585$10,495$6,011$3,335$1,808$1,167
45 years$17,000$10,008$5,644$3,080$1,642$1,047
46 years$16,442$9,547$5,301$2,845$1,491$939
47 years$15,910$9,111$4,980$2,628$1,353$842
48 years$15,402$8,698$4,680$2,429$1,229$756
49 years$14,915$8,306$4,399$2,244$1,116$678
50 years$14,450$7,934$4,135$2,075$1,014$608

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,800,000, adding $6,070 every year, while hoping to spend $34,502 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: 51/30/19 Blend
52$14,800,000$14,800,000$14,800,000$14,800,000
53$16,315,861$15,531,461$15,302,061$17,061,923
54$17,943,369$16,255,793$15,777,970$18,301,154
55$19,735,727$17,014,461$16,268,666$19,643,688
56$21,709,712$17,809,110$16,774,607$21,102,620
57$23,883,813$18,641,467$17,296,267$22,688,976
58$26,278,403$19,513,341$17,834,134$24,414,874
59$28,915,933$20,426,627$18,388,710$26,293,624
60$31,821,140$21,383,314$18,960,514$28,339,859
61$35,021,286$22,385,485$19,550,080$30,569,660
62$38,546,409$23,435,326$20,157,960$33,000,707
63$42,429,614$24,535,128$20,784,723$35,652,435
64$46,707,376$25,687,291$21,430,953$38,546,217
65$51,419,893$26,894,333$22,097,254$41,705,556
66$56,611,461$28,158,894$22,784,251$45,156,299
67$62,330,891$29,483,741$23,492,584$48,926,877
68$68,631,972$30,871,774$24,222,916$53,048,563
69$75,573,978$32,326,036$24,975,929$57,555,761
70$83,222,228$33,849,715$25,752,326$62,486,324
71$91,648,699$35,446,156$26,552,833$67,881,900
72$100,932,712$37,118,863$27,378,198$73,788,317
73$111,161,673$38,871,511$28,229,192$80,256,010
74$122,431,903$40,707,955$29,106,610$87,340,480
75$134,849,547$42,632,235$30,011,271$95,102,816
76$148,531,572$44,648,586$30,944,021$103,610,255
77$163,606,877$46,761,451$31,905,729$112,936,809
78$180,217,502$48,975,486$32,897,295$123,163,951
79$198,519,977$51,295,574$33,919,644$134,381,371
80$218,686,794$53,726,837$34,973,731$146,687,813
81$240,908,036$56,274,641$36,060,541$160,191,990
82$265,393,173$58,944,615$37,181,086$175,013,599
83$292,373,038$61,742,663$38,336,414$191,284,436
84$322,102,008$64,674,973$39,527,603$209,149,625
85$354,860,400$67,748,034$40,755,765$228,768,971
86$390,957,123$70,968,651$42,022,046$250,318,454
87$430,732,593$74,343,958$43,327,628$273,991,871
88$474,561,943$77,881,437$44,673,729$300,002,649
89$522,858,567$81,588,933$46,061,605$328,585,840
90$576,078,023$85,474,673$47,492,551$360,000,319
91$634,722,331$89,547,282$48,967,901$394,531,209
92$699,344,716$93,815,806$50,489,033$432,492,549
93$770,554,827$98,289,731$52,057,366$474,230,240
94$849,024,493$102,979,001$53,674,361$520,125,280
95$935,494,067$107,894,048$55,341,528$570,597,340
96$1,030,779,413$113,045,807$57,060,420$626,108,701
97$1,135,779,610$118,445,749$58,832,641$687,168,586
98$1,251,485,440$124,105,900$60,659,844$754,337,945
99$1,378,988,738$130,038,872$62,543,732$828,234,716
100$1,519,492,703$136,257,891$64,486,061$909,539,626