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

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,141,481
2 years$605,035$593,767$582,846$572,257$561,987$523,375
3 years$399,350$388,033$377,140$366,651$356,548$319,227
4 years$296,528$285,245$274,461$264,151$254,293$218,550
5 years$234,850$223,636$212,993$202,894$193,309$159,239
6 years$193,746$182,615$172,130$162,256$152,959$120,590
7 years$164,396$153,360$143,041$133,399$124,397$93,725
8 years$142,395$131,458$121,310$111,905$103,199$74,202
9 years$125,291$114,458$104,484$95,319$86,909$59,552
10 years$111,617$100,889$91,092$82,165$74,050$48,291
11 years$100,435$89,816$80,196$71,509$63,686$39,476
12 years$91,125$80,614$71,172$62,723$55,189$32,475
13 years$83,252$72,851$63,587$55,375$48,126$26,851
14 years$76,510$66,220$57,133$49,155$42,187$22,292
15 years$70,673$60,493$51,584$43,838$37,144$18,568
16 years$65,570$55,501$46,768$39,252$32,828$15,509
17 years$61,072$51,114$42,557$35,268$29,108$12,983
18 years$57,078$47,232$38,849$31,783$25,881$10,888
19 years$53,509$43,774$35,565$28,719$23,069$9,146
20 years$50,301$40,677$32,639$26,011$20,605$7,692
21 years$47,402$37,889$30,022$23,606$18,439$6,476
22 years$44,770$35,368$27,670$21,463$16,528$5,457
23 years$42,370$33,079$25,548$19,547$14,837$4,602
24 years$40,174$30,993$23,628$17,828$13,336$3,884
25 years$38,157$29,085$21,884$16,282$12,000$3,279
26 years$36,298$27,336$20,296$14,887$10,809$2,770
27 years$34,579$25,726$18,847$13,627$9,745$2,340
28 years$32,986$24,241$17,521$12,485$8,793$1,978
29 years$31,506$22,869$16,305$11,449$7,940$1,673
30 years$30,126$21,597$15,187$10,507$7,175$1,415
31 years$28,839$20,417$14,158$9,650$6,486$1,196
32 years$27,634$19,318$13,210$8,869$5,867$1,012
33 years$26,505$18,295$12,334$8,155$5,310$856
34 years$25,444$17,339$11,524$7,504$4,808$725
35 years$24,446$16,446$10,775$6,908$4,354$613
36 years$23,506$15,610$10,079$6,362$3,945$519
37 years$22,618$14,826$9,434$5,861$3,576$439
38 years$21,780$14,090$8,835$5,403$3,242$372
39 years$20,986$13,398$8,277$4,982$2,940$315
40 years$20,234$12,747$7,758$4,595$2,666$267
41 years$19,520$12,134$7,275$4,239$2,419$226
42 years$18,843$11,556$6,824$3,912$2,195$191
43 years$18,198$11,010$6,403$3,612$1,992$162
44 years$17,585$10,495$6,011$3,335$1,808$137
45 years$17,000$10,008$5,644$3,080$1,642$116
46 years$16,442$9,547$5,301$2,845$1,491$98
47 years$15,910$9,111$4,980$2,628$1,353$83
48 years$15,402$8,698$4,680$2,429$1,229$70
49 years$14,915$8,306$4,399$2,244$1,116$60
50 years$14,450$7,934$4,135$2,075$1,014$50

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 $2,312 every year, while hoping to spend $41,099 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: 41/40/19 Blend
52$14,800,000$14,800,000$14,800,000$14,800,000
53$16,311,985$15,527,585$15,298,185$16,889,322
54$17,932,078$16,244,707$15,766,945$18,017,391
55$19,716,044$16,995,592$16,250,031$19,233,448
56$21,680,553$17,781,848$16,747,880$20,548,822
57$23,843,976$18,605,166$17,260,941$21,972,611
58$26,226,557$19,467,314$17,789,678$23,514,794
59$28,850,602$20,370,149$18,334,568$25,186,322
60$31,740,691$21,315,613$18,896,103$26,999,214
61$34,923,909$22,305,746$19,474,791$28,966,662
62$38,430,105$23,342,685$20,071,153$31,103,151
63$42,292,167$24,428,668$20,685,728$33,424,587
64$46,546,338$25,566,043$21,319,070$35,948,439
65$51,232,557$26,757,271$21,971,751$38,693,897
66$56,394,832$28,004,932$22,644,359$41,682,043
67$62,081,661$29,311,729$23,337,501$44,936,042
68$68,346,485$30,680,499$24,051,802$48,481,354
69$75,248,194$32,114,211$24,787,906$52,345,959
70$82,851,685$33,615,982$25,546,475$56,560,617
71$91,228,469$35,189,078$26,328,194$61,159,142
72$100,457,351$36,836,921$27,133,767$66,178,715
73$110,625,172$38,563,101$27,963,920$71,660,221
74$121,827,628$40,371,381$28,819,399$77,648,623
75$134,170,173$42,265,706$29,700,976$84,193,375
76$147,769,015$44,250,210$30,609,443$91,348,872
77$162,752,214$46,329,230$31,545,619$99,174,955
78$179,260,888$48,507,310$32,510,346$107,737,456
79$197,450,548$50,789,217$33,504,491$117,108,808
80$217,492,561$53,179,947$34,528,949$127,368,711
81$239,575,775$55,684,737$35,584,642$138,604,869
82$263,908,295$58,309,079$36,672,517$150,913,798
83$290,719,448$61,058,732$37,793,554$164,401,723
84$320,261,954$63,939,731$38,948,760$179,185,556
85$352,814,302$66,958,407$40,139,173$195,393,987
86$388,683,387$70,121,395$41,365,861$213,168,670
87$428,207,403$73,435,654$42,629,928$232,665,544
88$471,759,035$76,908,478$43,932,507$254,056,280
89$519,748,979$80,547,516$45,274,769$277,529,878
90$572,629,820$84,360,789$46,657,918$303,294,427
91$630,900,299$88,356,705$48,083,196$331,579,041
92$695,110,027$92,544,081$49,551,881$362,635,996
93$765,864,671$96,932,163$51,065,291$396,743,083
94$843,831,672$101,530,643$52,624,782$434,206,198
95$929,746,545$106,349,687$54,231,754$475,362,202
96$1,024,419,821$111,399,950$55,887,647$520,582,065
97$1,128,744,705$116,692,610$57,593,945$570,274,335
98$1,243,705,499$122,239,382$59,352,177$624,888,956
99$1,370,386,903$128,052,555$61,163,918$684,921,483
100$1,509,984,249$134,145,011$63,030,790$750,917,716