Can I retire at age 53 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,079,096
2 years$564,154$553,647$543,464$533,591$524,015$502,606
3 years$372,367$361,815$351,657$341,877$332,457$311,642
4 years$276,492$265,972$255,917$246,303$237,111$217,051
5 years$218,982$208,525$198,602$189,185$180,248$161,000
6 years$180,655$170,277$160,500$151,292$142,624$124,210
7 years$153,289$142,998$133,376$124,386$115,992$98,415
8 years$132,774$122,576$113,113$104,344$96,226$79,482
9 years$116,826$106,724$97,425$88,878$81,036$65,114
10 years$104,075$94,072$84,937$76,614$69,047$53,932
11 years$93,649$83,747$74,777$66,677$59,383$45,057
12 years$84,967$75,167$66,363$58,485$51,460$37,902
13 years$77,627$67,929$59,291$51,633$44,874$32,063
14 years$71,341$61,745$53,273$45,834$39,336$27,248
15 years$65,897$56,405$48,098$40,876$34,635$23,244
16 years$61,139$51,751$43,608$36,600$30,610$19,892
17 years$56,945$47,661$39,682$32,885$27,141$17,068
18 years$53,221$44,041$36,224$29,636$24,133$14,678
19 years$49,893$40,816$33,162$26,779$21,510$12,647
20 years$46,902$37,929$30,434$24,253$19,213$10,915
21 years$44,199$35,329$27,994$22,011$17,194$9,433
22 years$41,745$32,978$25,800$20,013$15,412$8,162
23 years$39,507$30,844$23,822$18,226$13,834$7,069
24 years$37,460$28,899$22,031$16,624$12,435$6,128
25 years$35,579$27,120$20,405$15,182$11,189$5,316
26 years$33,845$25,489$18,925$13,881$10,079$4,615
27 years$32,243$23,988$17,574$12,706$9,087$4,009
28 years$30,757$22,603$16,337$11,641$8,199$3,484
29 years$29,377$21,324$15,203$10,675$7,404$3,029
30 years$28,091$20,138$14,161$9,797$6,690$2,634
31 years$26,890$19,037$13,202$8,998$6,048$2,292
32 years$25,767$18,013$12,318$8,269$5,471$1,994
33 years$24,714$17,059$11,501$7,604$4,951$1,736
34 years$23,725$16,168$10,746$6,997$4,483$1,511
35 years$22,794$15,335$10,047$6,441$4,060$1,316
36 years$21,918$14,555$9,398$5,932$3,679$1,146
37 years$21,090$13,824$8,797$5,465$3,334$998
38 years$20,308$13,138$8,238$5,038$3,023$870
39 years$19,568$12,493$7,718$4,645$2,741$758
40 years$18,867$11,886$7,234$4,284$2,486$660
41 years$18,201$11,314$6,783$3,953$2,256$575
42 years$17,569$10,775$6,363$3,648$2,047$501
43 years$16,968$10,266$5,971$3,367$1,858$437
44 years$16,396$9,786$5,604$3,109$1,686$381
45 years$15,851$9,332$5,262$2,872$1,531$332
46 years$15,331$8,902$4,943$2,652$1,390$289
47 years$14,835$8,496$4,643$2,451$1,262$252
48 years$14,361$8,110$4,364$2,264$1,146$220
49 years$13,908$7,745$4,101$2,093$1,041$192
50 years$13,474$7,398$3,856$1,934$945$167

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $13,800,000, adding $2,612 every year, while hoping to spend $31,504 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: 29/41/30 Blend
52$13,800,000$13,800,000$13,800,000$13,800,000
53$15,210,294$14,478,894$14,264,994$15,510,834
54$16,728,224$15,154,840$14,709,352$16,426,587
55$18,399,927$15,862,851$15,167,539$17,407,463
56$20,241,055$16,604,466$15,639,986$18,461,359
57$22,268,854$17,381,296$16,127,138$19,594,618
58$24,502,330$18,195,033$16,629,449$20,814,183
59$26,962,425$19,047,447$17,147,393$22,127,655
60$29,672,216$19,940,396$17,681,455$23,543,358
61$32,657,135$20,875,828$18,232,137$25,070,413
62$35,945,203$21,855,784$18,799,954$26,718,813
63$39,567,301$22,882,405$19,385,440$28,499,513
64$43,557,458$23,957,934$19,989,143$30,424,524
65$47,953,170$25,084,725$20,611,631$32,507,015
66$52,795,760$26,265,243$21,253,488$34,761,435
67$58,130,762$27,502,074$21,915,314$37,203,635
68$64,008,354$28,797,930$22,597,731$39,851,009
69$70,483,831$30,155,653$23,301,380$42,722,648
70$77,618,125$31,578,223$24,026,919$45,839,513
71$85,478,382$33,068,765$24,775,030$49,224,616
72$94,138,597$34,630,554$25,546,413$52,903,232
73$103,680,309$36,267,026$26,341,793$56,903,120
74$114,193,371$37,981,782$27,161,914$61,254,776
75$125,776,803$39,778,597$28,007,546$65,991,706
76$138,539,720$41,661,431$28,879,481$71,150,732
77$152,602,365$43,634,434$29,778,537$76,772,318
78$168,097,245$45,701,960$30,705,557$82,900,946
79$185,170,380$47,868,573$31,661,410$89,585,511
80$203,982,682$50,139,056$32,646,990$96,879,775
81$224,711,474$52,518,428$33,663,223$104,842,851
82$247,552,164$55,011,951$34,711,060$113,539,745
83$272,720,087$57,625,139$35,791,484$123,041,952
84$300,452,543$60,363,778$36,905,506$133,428,109
85$331,011,033$63,233,934$38,054,170$144,784,720
86$364,683,727$66,241,965$39,238,553$157,206,946
87$401,788,187$69,394,541$40,459,765$170,799,488
88$442,674,364$72,698,655$41,718,949$185,677,544
89$487,727,900$76,161,640$43,017,284$201,967,878
90$537,373,770$79,791,185$44,355,988$219,809,988
91$592,080,294$83,595,352$45,736,313$239,357,396
92$652,363,557$87,582,598$47,159,552$260,779,069
93$718,792,282$91,761,787$48,627,039$284,260,988
94$791,993,197$96,142,217$50,140,148$310,007,866
95$872,656,955$100,733,638$51,700,295$338,245,056
96$961,544,650$105,546,272$53,308,941$369,220,637
97$1,059,495,007$110,590,841$54,967,592$403,207,727
98$1,167,432,292$115,878,587$56,677,801$440,507,021
99$1,286,375,048$121,421,300$58,441,170$481,449,592
100$1,417,445,702$127,231,343$60,259,348$526,399,973