Can I retire at age 53 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,025,812
2 years$531,449$521,552$511,959$502,659$493,637$482,735
3 years$350,780$340,840$331,272$322,058$313,184$302,544
4 years$260,463$250,553$241,081$232,025$223,365$213,069
5 years$206,287$196,437$187,089$178,217$169,799$159,877
6 years$170,182$160,405$151,195$142,522$134,356$124,821
7 years$144,402$134,708$125,644$117,175$109,267$100,122
8 years$125,077$115,470$106,556$98,295$90,648$81,893
9 years$110,053$100,537$91,777$83,726$76,339$67,970
10 years$98,042$88,619$80,013$72,172$65,044$57,058
11 years$88,220$78,892$70,442$62,812$55,940$48,328
12 years$80,042$70,809$62,516$55,094$48,477$41,232
13 years$73,127$63,991$55,854$48,640$42,273$35,386
14 years$67,205$58,166$50,185$43,177$37,056$30,519
15 years$62,077$53,136$45,310$38,506$32,627$26,429
16 years$57,595$48,751$41,080$34,478$28,836$22,966
17 years$53,644$44,898$37,381$30,978$25,568$20,016
18 years$50,136$41,488$34,124$27,918$22,734$17,489
19 years$47,001$38,450$31,239$25,226$20,263$15,314
20 years$44,183$35,730$28,670$22,847$18,099$13,434
21 years$41,637$33,281$26,371$20,735$16,197$11,804
22 years$39,325$31,067$24,305$18,853$14,518$10,386
23 years$37,217$29,056$22,441$17,170$13,032$9,150
24 years$35,288$27,224$20,754$15,660$11,714$8,069
25 years$33,516$25,548$19,223$14,302$10,541$7,123
26 years$31,883$24,011$17,828$13,077$9,495$6,292
27 years$30,373$22,597$16,555$11,969$8,560$5,563
28 years$28,974$21,293$15,390$10,966$7,724$4,921
29 years$27,674$20,088$14,322$10,056$6,975$4,356
30 years$26,462$18,971$13,340$9,229$6,302$3,857
31 years$25,331$17,934$12,436$8,476$5,698$3,417
32 years$24,273$16,969$11,603$7,790$5,154$3,029
33 years$23,281$16,070$10,834$7,164$4,664$2,685
34 years$22,349$15,230$10,123$6,591$4,223$2,381
35 years$21,473$14,446$9,464$6,067$3,825$2,112
36 years$20,647$13,711$8,853$5,588$3,466$1,874
37 years$19,868$13,022$8,287$5,149$3,141$1,663
38 years$19,131$12,376$7,760$4,746$2,848$1,476
39 years$18,434$11,768$7,270$4,376$2,582$1,311
40 years$17,773$11,197$6,815$4,036$2,342$1,164
41 years$17,146$10,658$6,390$3,724$2,125$1,033
42 years$16,551$10,150$5,994$3,436$1,928$918
43 years$15,985$9,671$5,624$3,172$1,750$815
44 years$15,446$9,219$5,280$2,929$1,588$724
45 years$14,932$8,791$4,957$2,705$1,442$643
46 years$14,443$8,386$4,656$2,499$1,309$571
47 years$13,975$8,003$4,374$2,309$1,189$508
48 years$13,528$7,640$4,111$2,133$1,080$451
49 years$13,101$7,296$3,864$1,971$981$401
50 years$12,693$6,969$3,632$1,822$891$356

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $13,000,000, adding $5,291 every year, while hoping to spend $27,828 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: 65/20/15 Blend
52$13,000,000$13,000,000$13,000,000$13,000,000
53$14,331,458$13,642,458$13,440,958$15,211,052
54$15,763,658$14,281,329$13,861,621$16,439,031
55$17,341,009$14,950,573$14,295,444$17,776,624
56$19,078,289$15,651,648$14,742,838$19,237,558
57$20,991,778$16,386,082$15,204,227$20,833,882
58$23,099,420$17,155,481$15,680,049$22,578,853
59$25,420,986$17,961,524$16,170,755$24,487,056
60$27,978,262$18,805,974$16,676,811$26,574,538
61$30,795,256$19,690,679$17,198,696$28,858,959
62$33,898,426$20,617,576$17,736,906$31,359,752
63$37,316,923$21,588,695$18,291,950$34,098,305
64$41,082,874$22,606,166$18,864,356$37,098,159
65$45,231,681$23,672,221$19,454,665$40,385,223
66$49,802,353$24,789,201$20,063,437$43,988,020
67$54,837,882$25,959,560$20,691,250$47,937,946
68$60,385,638$27,185,871$21,338,700$52,269,568
69$66,497,825$28,470,831$22,006,399$57,020,939
70$73,231,971$29,817,269$22,694,980$62,233,958
71$80,651,467$31,228,151$23,405,097$67,954,757
72$88,826,172$32,706,586$24,137,423$74,234,131
73$97,833,067$34,255,833$24,892,652$81,128,013
74$107,756,984$35,879,313$25,671,500$88,697,998
75$118,691,406$37,580,609$26,474,705$97,011,914
76$130,739,350$39,363,480$27,303,028$106,144,459
77$144,014,339$41,231,866$28,157,255$116,177,897
78$158,641,474$43,189,900$29,038,196$127,202,831
79$174,758,613$45,241,913$29,946,684$139,319,048
80$192,517,675$47,392,451$30,883,582$152,636,454
81$212,086,073$49,646,276$31,849,776$167,276,103
82$233,648,292$52,008,383$32,846,184$183,371,334
83$257,407,635$54,484,011$33,873,748$201,069,017
84$283,588,138$57,078,652$34,933,443$220,530,932
85$312,436,688$59,798,066$36,026,274$241,935,290
86$344,225,351$62,648,292$37,153,274$265,478,397
87$379,253,941$65,635,662$38,315,513$291,376,507
88$417,852,852$68,766,818$39,514,091$319,867,843
89$460,386,174$72,048,724$40,750,145$351,214,842
90$507,255,134$75,488,681$42,024,845$385,706,615
91$558,901,879$79,094,348$43,339,398$423,661,667
92$615,813,653$82,873,754$44,695,051$465,430,890
93$678,527,398$86,835,321$46,093,088$511,400,858
94$747,634,819$90,987,877$47,534,832$561,997,470
95$823,787,972$95,340,685$49,021,650$617,689,948
96$907,705,420$99,903,453$50,554,951$678,995,254
97$1,000,179,016$104,686,366$52,136,185$746,482,956
98$1,102,081,380$109,700,102$53,766,852$820,780,582
99$1,214,374,135$114,955,861$55,448,495$902,579,534
100$1,338,116,985$120,465,386$57,182,708$992,641,587