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

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,164,158
2 years$609,123$597,778$586,784$576,124$565,784$541,721
3 years$402,048$390,655$379,688$369,128$358,957$335,569
4 years$298,531$287,173$276,316$265,936$256,011$233,480
5 years$236,437$225,147$214,432$204,264$194,615$173,005
6 years$195,055$183,849$173,293$163,352$153,993$133,326
7 years$165,507$154,396$144,007$134,301$125,237$105,519
8 years$143,357$132,346$122,130$112,661$103,896$85,121
9 years$126,138$115,231$105,190$95,963$87,496$69,650
10 years$112,371$101,571$91,707$82,721$74,551$57,618
11 years$101,114$90,422$80,738$71,992$64,116$48,075
12 years$91,740$81,158$71,653$63,146$55,562$40,389
13 years$83,815$73,343$64,017$55,749$48,451$34,121
14 years$77,027$66,667$57,519$49,488$42,472$28,958
15 years$71,150$60,902$51,932$44,134$37,395$24,669
16 years$66,013$55,876$47,084$39,517$33,050$21,081
17 years$61,484$51,460$42,845$35,506$29,305$18,063
18 years$57,464$47,551$39,112$31,998$26,056$15,511
19 years$53,870$44,070$35,805$28,913$23,225$13,345
20 years$50,640$40,952$32,860$26,186$20,745$11,499
21 years$47,722$38,145$30,225$23,766$18,564$9,923
22 years$45,072$35,607$27,857$21,609$16,640$8,572
23 years$42,657$33,303$25,721$19,679$14,937$7,413
24 years$40,446$31,202$23,787$17,949$13,426$6,416
25 years$38,415$29,282$22,032$16,392$12,081$5,558
26 years$36,543$27,520$20,434$14,988$10,882$4,817
27 years$34,813$25,900$18,974$13,719$9,811$4,177
28 years$33,209$24,405$17,639$12,569$8,853$3,624
29 years$31,718$23,023$16,415$11,526$7,994$3,146
30 years$30,330$21,743$15,290$10,578$7,223$2,731
31 years$29,034$20,555$14,254$9,715$6,530$2,372
32 years$27,821$19,449$13,299$8,929$5,907$2,061
33 years$26,684$18,418$12,418$8,211$5,346$1,791
34 years$25,616$17,456$11,602$7,554$4,840$1,557
35 years$24,611$16,557$10,847$6,954$4,384$1,353
36 years$23,665$15,715$10,147$6,405$3,972$1,177
37 years$22,771$14,926$9,498$5,901$3,600$1,023
38 years$21,927$14,185$8,894$5,439$3,264$890
39 years$21,128$13,488$8,333$5,015$2,960$774
40 years$20,371$12,833$7,811$4,626$2,685$673
41 years$19,652$12,216$7,324$4,268$2,435$586
42 years$18,970$11,634$6,870$3,939$2,210$509
43 years$18,321$11,085$6,447$3,636$2,006$443
44 years$17,703$10,566$6,051$3,357$1,821$386
45 years$17,115$10,076$5,682$3,100$1,653$335
46 years$16,553$9,612$5,337$2,864$1,501$292
47 years$16,018$9,173$5,014$2,646$1,363$254
48 years$15,506$8,757$4,711$2,445$1,237$221
49 years$15,016$8,362$4,428$2,260$1,124$192
50 years$14,548$7,988$4,163$2,089$1,021$167

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 $4,032 every year, while hoping to spend $26,752 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: 57/29/14 Blend
52$14,900,000$14,900,000$14,900,000$14,900,000
53$16,423,959$15,634,259$15,403,309$17,301,028
54$18,070,739$16,371,874$15,890,856$18,632,882
55$19,884,594$17,144,735$16,393,839$20,080,195
56$21,882,537$17,954,542$16,912,747$21,656,686
57$24,083,316$18,803,075$17,448,085$23,374,748
58$26,507,591$19,692,202$18,000,372$25,247,999
59$29,178,127$20,623,882$18,570,146$27,291,415
60$32,120,010$21,600,166$19,157,961$29,521,457
61$35,360,886$22,623,209$19,764,387$31,956,227
62$38,931,217$23,695,267$20,390,015$34,615,633
63$42,864,573$24,818,706$21,035,451$37,521,570
64$47,197,945$25,996,009$21,701,325$40,698,118
65$51,972,099$27,229,777$22,388,283$44,171,770
66$57,231,955$28,522,738$23,096,993$47,971,668
67$63,027,016$29,877,754$23,828,144$52,129,877
68$69,411,831$31,297,823$24,582,446$56,681,678
69$76,446,514$32,786,092$25,360,633$61,665,892
70$84,197,306$34,345,859$26,163,462$67,125,243
71$92,737,206$35,980,581$26,991,713$73,106,747
72$102,146,657$37,693,885$27,846,192$79,662,156
73$112,514,305$39,489,575$28,727,728$86,848,427
74$123,937,837$41,371,636$29,637,180$94,728,260
75$136,524,902$43,344,252$30,575,431$103,370,672
76$150,394,128$45,411,806$31,543,394$112,851,645
77$165,676,241$47,578,897$32,542,009$123,254,829
78$182,515,300$49,850,345$33,572,249$134,672,318
79$201,070,055$52,231,206$34,635,114$147,205,516
80$221,515,448$54,726,783$35,731,638$160,966,071
81$244,044,264$57,342,635$36,862,888$176,076,924
82$268,868,947$60,084,593$38,029,963$192,673,455
83$296,223,611$62,958,769$39,233,998$210,904,744
84$326,366,247$65,971,577$40,476,164$230,934,964
85$359,581,158$69,129,738$41,757,670$252,944,919
86$396,181,645$72,440,304$43,079,761$277,133,730
87$436,512,963$75,910,669$44,443,723$303,720,702
88$480,955,580$79,548,587$45,850,883$332,947,373
89$529,928,771$83,362,189$47,302,609$365,079,777
90$583,894,572$87,360,003$48,800,312$400,410,937
91$643,362,147$91,550,971$50,345,451$439,263,611
92$708,892,589$95,944,472$51,939,527$481,993,315
93$781,104,223$100,550,341$53,584,091$528,991,658
94$860,678,438$105,378,892$55,280,742$580,690,019
95$948,366,123$110,440,942$57,031,132$637,563,591
96$1,044,994,754$115,747,835$58,836,961$700,135,841
97$1,151,476,207$121,311,467$60,699,987$768,983,428
98$1,268,815,366$127,144,314$62,622,023$844,741,619
99$1,398,119,609$133,259,462$64,604,937$928,110,254
100$1,540,609,265$139,670,631$66,650,658$1,019,860,323