Can I retire at age 53 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,168,945
2 years$609,123$597,778$586,784$576,124$565,784$546,491
3 years$402,048$390,655$379,688$369,128$358,957$340,173
4 years$298,531$287,173$276,316$265,936$256,011$237,882
5 years$236,437$225,147$214,432$204,264$194,615$177,193
6 years$195,055$183,849$173,293$163,352$153,993$137,297
7 years$165,507$154,396$144,007$134,301$125,237$109,273
8 years$143,357$132,346$122,130$112,661$103,896$88,661
9 years$126,138$115,231$105,190$95,963$87,496$72,981
10 years$112,371$101,571$91,707$82,721$74,551$60,745
11 years$101,114$90,422$80,738$71,992$64,116$51,005
12 years$91,740$81,158$71,653$63,146$55,562$43,128
13 years$83,815$73,343$64,017$55,749$48,451$36,677
14 years$77,027$66,667$57,519$49,488$42,472$31,338
15 years$71,150$60,902$51,932$44,134$37,395$26,881
16 years$66,013$55,876$47,084$39,517$33,050$23,133
17 years$61,484$51,460$42,845$35,506$29,305$19,963
18 years$57,464$47,551$39,112$31,998$26,056$17,268
19 years$53,870$44,070$35,805$28,913$23,225$14,967
20 years$50,640$40,952$32,860$26,186$20,745$12,994
21 years$47,722$38,145$30,225$23,766$18,564$11,298
22 years$45,072$35,607$27,857$21,609$16,640$9,836
23 years$42,657$33,303$25,721$19,679$14,937$8,572
24 years$40,446$31,202$23,787$17,949$13,426$7,478
25 years$38,415$29,282$22,032$16,392$12,081$6,529
26 years$36,543$27,520$20,434$14,988$10,882$5,704
27 years$34,813$25,900$18,974$13,719$9,811$4,987
28 years$33,209$24,405$17,639$12,569$8,853$4,362
29 years$31,718$23,023$16,415$11,526$7,994$3,817
30 years$30,330$21,743$15,290$10,578$7,223$3,341
31 years$29,034$20,555$14,254$9,715$6,530$2,926
32 years$27,821$19,449$13,299$8,929$5,907$2,564
33 years$26,684$18,418$12,418$8,211$5,346$2,246
34 years$25,616$17,456$11,602$7,554$4,840$1,969
35 years$24,611$16,557$10,847$6,954$4,384$1,726
36 years$23,665$15,715$10,147$6,405$3,972$1,513
37 years$22,771$14,926$9,498$5,901$3,600$1,327
38 years$21,927$14,185$8,894$5,439$3,264$1,164
39 years$21,128$13,488$8,333$5,015$2,960$1,021
40 years$20,371$12,833$7,811$4,626$2,685$896
41 years$19,652$12,216$7,324$4,268$2,435$786
42 years$18,970$11,634$6,870$3,939$2,210$690
43 years$18,321$11,085$6,447$3,636$2,006$605
44 years$17,703$10,566$6,051$3,357$1,821$531
45 years$17,115$10,076$5,682$3,100$1,653$466
46 years$16,553$9,612$5,337$2,864$1,501$409
47 years$16,018$9,173$5,014$2,646$1,363$359
48 years$15,506$8,757$4,711$2,445$1,237$315
49 years$15,016$8,362$4,428$2,260$1,124$277
50 years$14,548$7,988$4,163$2,089$1,021$243

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,900,000, adding $6,334 every year, while hoping to spend $54,309 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: 81/11/8 Blend
52$14,900,000$14,900,000$14,900,000$14,900,000
53$16,426,334$15,636,634$15,405,684$17,739,934
54$18,044,035$16,345,044$15,863,990$19,309,396
55$19,824,922$17,086,347$16,335,829$21,023,767
56$21,785,582$17,862,096$16,821,597$22,903,739
57$23,944,293$18,673,920$17,321,702$24,965,848
58$26,321,194$19,523,525$17,836,562$27,228,303
59$28,938,479$20,412,701$18,366,610$29,711,157
60$31,820,601$21,343,321$18,912,289$32,436,491
61$34,994,507$22,317,348$19,474,055$35,428,622
62$38,489,890$23,336,841$20,052,379$38,714,331
63$42,339,470$24,403,957$20,647,745$42,323,113
64$46,579,300$25,520,955$21,260,648$46,287,454
65$51,249,111$26,690,205$21,891,602$50,643,133
66$56,392,682$27,914,187$22,541,133$55,429,558
67$62,058,257$29,195,503$23,209,782$60,690,138
68$68,298,996$30,536,879$23,898,107$66,472,685
69$75,173,480$31,941,174$24,606,680$72,829,869
70$82,746,264$33,411,380$25,336,093$79,819,705
71$91,088,482$34,950,636$26,086,951$87,506,102
72$100,278,522$36,562,233$26,859,879$95,959,464
73$110,402,766$38,249,616$27,655,519$105,257,345
74$121,556,401$40,016,400$28,474,531$115,485,185
75$133,844,322$41,866,372$29,317,597$126,737,109
76$147,382,120$43,803,501$30,185,413$139,116,811
77$162,297,172$45,831,949$31,078,700$152,738,531
78$178,729,844$47,956,075$31,998,198$167,728,128
79$196,834,818$50,180,453$32,944,667$184,224,262
80$216,782,547$52,509,872$33,918,891$202,379,702
81$238,760,867$54,949,357$34,921,674$222,362,763
82$262,976,771$57,504,170$35,953,846$244,358,884
83$289,658,359$60,179,832$37,016,257$268,572,381
84$319,056,995$62,982,127$38,109,785$295,228,367
85$351,449,677$65,917,120$39,235,331$324,574,870
86$387,141,651$68,991,166$40,393,822$356,885,170
87$426,469,296$72,210,930$41,586,212$392,460,373
88$469,803,296$75,583,397$42,813,481$431,632,247
89$517,552,138$79,115,890$44,076,639$474,766,345
90$570,165,974$82,816,085$45,376,724$522,265,452
91$628,140,861$86,692,031$46,714,802$574,573,378
92$692,023,452$90,752,164$48,091,971$632,179,140
93$762,416,153$95,005,329$49,509,361$695,621,571
94$839,982,808$99,460,797$50,968,132$765,494,400
95$925,454,968$104,128,290$52,469,478$842,451,843
96$1,019,638,797$109,017,999$54,014,628$927,214,778
97$1,123,422,680$114,140,607$55,604,844$1,020,577,532
98$1,237,785,612$119,507,315$57,241,425$1,123,415,376
99$1,363,806,439$125,129,868$58,925,707$1,236,692,775
100$1,502,674,041$131,020,576$60,659,063$1,361,472,483