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%14.8%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,156,817
2 years$605,035$593,767$582,846$572,257$561,987$538,556
3 years$399,350$388,033$377,140$366,651$356,548$333,771
4 years$296,528$285,245$274,461$264,151$254,293$232,346
5 years$234,850$223,636$212,993$202,894$193,309$172,255
6 years$193,746$182,615$172,130$162,256$152,959$132,820
7 years$164,396$153,360$143,041$133,399$124,397$105,178
8 years$142,395$131,458$121,310$111,905$103,199$84,895
9 years$125,291$114,458$104,484$95,319$86,909$69,507
10 years$111,617$100,889$91,092$82,165$74,050$57,535
11 years$100,435$89,816$80,196$71,509$63,686$48,036
12 years$91,125$80,614$71,172$62,723$55,189$40,383
13 years$83,252$72,851$63,587$55,375$48,126$34,139
14 years$76,510$66,220$57,133$49,155$42,187$28,992
15 years$70,673$60,493$51,584$43,838$37,144$24,715
16 years$65,570$55,501$46,768$39,252$32,828$21,135
17 years$61,072$51,114$42,557$35,268$29,108$18,122
18 years$57,078$47,232$38,849$31,783$25,881$15,573
19 years$53,509$43,774$35,565$28,719$23,069$13,408
20 years$50,301$40,677$32,639$26,011$20,605$11,563
21 years$47,402$37,889$30,022$23,606$18,439$9,985
22 years$44,770$35,368$27,670$21,463$16,528$8,633
23 years$42,370$33,079$25,548$19,547$14,837$7,472
24 years$40,174$30,993$23,628$17,828$13,336$6,472
25 years$38,157$29,085$21,884$16,282$12,000$5,610
26 years$36,298$27,336$20,296$14,887$10,809$4,866
27 years$34,579$25,726$18,847$13,627$9,745$4,224
28 years$32,986$24,241$17,521$12,485$8,793$3,667
29 years$31,506$22,869$16,305$11,449$7,940$3,186
30 years$30,126$21,597$15,187$10,507$7,175$2,768
31 years$28,839$20,417$14,158$9,650$6,486$2,407
32 years$27,634$19,318$13,210$8,869$5,867$2,092
33 years$26,505$18,295$12,334$8,155$5,310$1,820
34 years$25,444$17,339$11,524$7,504$4,808$1,583
35 years$24,446$16,446$10,775$6,908$4,354$1,377
36 years$23,506$15,610$10,079$6,362$3,945$1,199
37 years$22,618$14,826$9,434$5,861$3,576$1,043
38 years$21,780$14,090$8,835$5,403$3,242$908
39 years$20,986$13,398$8,277$4,982$2,940$790
40 years$20,234$12,747$7,758$4,595$2,666$688
41 years$19,520$12,134$7,275$4,239$2,419$599
42 years$18,843$11,556$6,824$3,912$2,195$522
43 years$18,198$11,010$6,403$3,612$1,992$454
44 years$17,585$10,495$6,011$3,335$1,808$395
45 years$17,000$10,008$5,644$3,080$1,642$344
46 years$16,442$9,547$5,301$2,845$1,491$300
47 years$15,910$9,111$4,980$2,628$1,353$261
48 years$15,402$8,698$4,680$2,429$1,229$227
49 years$14,915$8,306$4,399$2,244$1,116$198
50 years$14,450$7,934$4,135$2,075$1,014$173

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 $3,675 every year, while hoping to spend $59,149 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: 32/48/20 Blend
52$14,800,000$14,800,000$14,800,000$14,800,000
53$16,313,391$15,528,991$15,299,591$16,734,099
54$17,914,423$16,226,977$15,749,193$17,747,264
55$19,676,777$16,957,183$16,211,874$18,832,174
56$21,616,847$17,721,123$16,688,011$19,999,526
57$23,752,695$18,520,388$17,177,989$21,256,568
58$26,104,223$19,356,640$17,682,205$22,611,239
59$28,693,363$20,231,625$18,201,068$24,072,236
60$31,544,281$21,147,169$18,734,998$25,649,087
61$34,683,604$22,105,187$19,284,427$27,352,236
62$38,140,675$23,107,684$19,849,799$29,193,132
63$41,947,827$24,156,764$20,431,570$31,184,331
64$46,140,687$25,254,627$21,030,210$33,339,601
65$50,758,516$26,403,583$21,646,200$35,674,049
66$55,844,575$27,606,048$22,280,038$38,204,252
67$61,446,536$28,864,559$22,932,234$40,948,402
68$67,616,930$30,181,770$23,603,311$43,926,470
69$74,413,643$31,560,463$24,293,809$47,160,381
70$81,900,465$33,003,556$25,004,282$50,674,213
71$90,147,687$34,514,104$25,735,299$54,494,411
72$99,232,766$36,095,311$26,487,447$58,650,022
73$109,241,059$37,750,532$27,261,327$63,172,963
74$120,266,624$39,483,285$28,057,559$68,098,300
75$132,413,111$41,297,257$28,876,778$73,464,572
76$145,794,737$43,196,311$29,719,639$79,314,139
77$160,537,366$45,184,497$30,586,813$85,693,563
78$176,779,699$47,266,059$31,478,992$92,654,034
79$194,674,576$49,445,443$32,396,886$100,251,838
80$214,390,426$51,727,313$33,341,225$108,548,868
81$236,112,852$54,116,555$34,312,759$117,613,191
82$260,046,386$56,618,289$35,312,260$127,519,670
83$286,416,417$59,237,884$36,340,520$138,350,654
84$315,471,317$61,980,966$37,398,353$150,196,731
85$347,484,790$64,853,432$38,486,597$163,157,563
86$382,758,453$67,861,465$39,606,112$177,342,802
87$421,624,681$71,011,542$40,757,783$192,873,102
88$464,449,748$74,310,457$41,942,518$209,881,235
89$511,637,281$77,765,328$43,161,251$228,513,313
90$563,632,073$81,383,619$44,414,942$248,930,145
91$620,924,278$85,173,150$45,704,576$271,308,721
92$684,054,044$89,142,124$47,031,169$295,843,858
93$753,616,603$93,299,135$48,395,760$322,750,003
94$830,267,899$97,653,194$49,799,420$352,263,226
95$914,730,772$102,213,748$51,243,248$384,643,414
96$1,007,801,788$106,990,699$52,728,374$420,176,688
97$1,110,358,754$111,994,427$54,255,959$459,178,064
98$1,223,369,009$117,235,816$55,827,195$501,994,391
99$1,347,898,550$122,726,273$57,443,308$549,007,582
100$1,485,122,100$128,477,758$59,105,556$600,638,172