Can I retire at age 53 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,082,489
2 years$568,242$557,659$547,403$537,458$527,812$501,850
3 years$375,065$364,436$354,206$344,355$334,866$309,668
4 years$278,495$267,899$257,771$248,088$238,829$214,590
5 years$220,569$210,036$200,041$190,555$181,554$158,341
6 years$181,964$171,510$161,663$152,389$143,658$121,495
7 years$154,399$144,034$134,343$125,287$116,832$95,723
8 years$133,736$123,464$113,933$105,100$96,923$76,859
9 years$117,672$107,498$98,131$89,522$81,624$62,589
10 years$104,829$94,754$85,552$77,169$69,547$51,521
11 years$94,328$84,354$75,319$67,160$59,813$42,770
12 years$85,583$75,711$66,844$58,908$51,833$35,746
13 years$78,190$68,421$59,720$52,007$45,199$30,038
14 years$71,858$62,193$53,659$46,166$39,621$25,354
15 years$66,375$56,814$48,447$41,172$34,886$21,479
16 years$61,582$52,126$43,924$36,865$30,832$18,251
17 years$57,358$48,006$39,969$33,123$27,338$15,548
18 years$53,607$44,360$36,487$29,851$24,308$13,273
19 years$50,255$41,112$33,402$26,973$21,666$11,352
20 years$47,242$38,203$30,655$24,429$19,352$9,723
21 years$44,519$35,585$28,196$22,171$17,318$8,339
22 years$42,047$33,217$25,987$20,158$15,523$7,160
23 years$39,794$31,067$23,995$18,359$13,935$6,153
24 years$37,731$29,108$22,191$16,744$12,525$5,292
25 years$35,836$27,317$20,553$15,292$11,270$4,555
26 years$34,090$25,673$19,062$13,982$10,152$3,923
27 years$32,476$24,161$17,701$12,798$9,153$3,380
28 years$30,980$22,767$16,455$11,726$8,259$2,913
29 years$29,590$21,478$15,313$10,753$7,457$2,512
30 years$28,294$20,284$14,264$9,868$6,738$2,167
31 years$27,085$19,175$13,297$9,063$6,092$1,870
32 years$25,954$18,144$12,407$8,329$5,511$1,613
33 years$24,893$17,182$11,584$7,660$4,987$1,393
34 years$23,897$16,285$10,824$7,047$4,515$1,202
35 years$22,960$15,446$10,119$6,488$4,090$1,038
36 years$22,076$14,660$9,466$5,975$3,705$897
37 years$21,243$13,924$8,860$5,505$3,358$774
38 years$20,455$13,233$8,297$5,074$3,045$669
39 years$19,710$12,583$7,774$4,679$2,761$578
40 years$19,003$11,972$7,286$4,315$2,504$499
41 years$18,333$11,396$6,832$3,981$2,272$431
42 years$17,697$10,853$6,409$3,674$2,062$373
43 years$17,091$10,341$6,014$3,392$1,871$322
44 years$16,515$9,857$5,645$3,132$1,698$278
45 years$15,966$9,400$5,301$2,892$1,542$240
46 years$15,442$8,967$4,978$2,672$1,400$208
47 years$14,943$8,557$4,677$2,468$1,271$180
48 years$14,465$8,169$4,395$2,281$1,154$155
49 years$14,008$7,801$4,131$2,108$1,048$134
50 years$13,571$7,452$3,884$1,948$952$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $13,900,000, adding $6,035 every year, while hoping to spend $56,924 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: 36/41/23 Blend
52$13,900,000$13,900,000$13,900,000$13,900,000
53$15,324,025$14,587,325$14,371,875$15,769,075
54$16,826,509$15,241,537$14,792,766$16,750,867
55$18,480,338$15,925,898$15,225,849$17,804,380
56$20,300,890$16,641,825$15,671,473$18,940,597
57$22,305,109$17,390,802$16,129,995$20,166,961
58$24,511,664$18,174,385$16,601,783$21,491,639
59$26,941,127$18,994,203$17,087,217$22,923,581
60$29,616,168$19,851,965$17,586,685$24,472,607
61$32,561,765$20,749,459$18,100,586$26,149,493
62$35,805,443$21,688,560$18,629,334$27,966,062
63$39,377,530$22,671,232$19,173,349$29,935,290
64$43,311,448$23,699,533$19,733,066$32,071,427
65$47,644,025$24,775,619$20,308,932$34,390,114
66$52,415,840$25,901,749$20,901,407$36,908,534
67$57,671,613$27,080,292$21,510,961$39,645,556
68$63,460,620$28,313,728$22,138,080$42,621,913
69$69,837,159$29,604,657$22,783,262$45,860,382
70$76,861,068$30,955,804$23,447,020$49,385,997
71$84,598,282$32,370,024$24,129,880$53,226,267
72$93,121,460$33,850,307$24,832,384$57,411,435
73$102,510,667$35,399,791$25,555,087$61,974,744
74$112,854,134$37,021,760$26,298,562$66,952,746
75$124,249,088$38,719,658$27,063,395$72,385,635
76$136,802,667$40,497,093$27,850,192$78,317,609
77$150,632,937$42,357,849$28,659,571$84,797,283
78$165,870,001$44,305,888$29,492,171$91,878,128
79$182,657,229$46,345,364$30,348,647$99,618,963
80$201,152,612$48,480,633$31,229,672$108,084,501
81$221,530,251$50,716,256$32,135,938$117,345,936
82$243,982,001$53,057,018$33,068,157$127,481,610
83$268,719,284$55,507,930$34,027,059$138,577,727
84$295,975,079$58,074,247$35,013,393$150,729,152
85$326,006,128$60,761,476$36,027,933$164,040,294
86$359,095,354$63,575,389$37,071,470$178,626,063
87$395,554,534$66,522,037$38,144,818$194,612,945
88$435,727,241$69,607,762$39,248,814$212,140,169
89$479,992,088$72,839,210$40,384,318$231,361,001
90$528,766,301$76,223,351$41,552,212$252,444,170
91$582,509,656$79,767,488$42,753,403$275,575,437
92$641,728,823$83,479,277$43,988,825$300,959,322
93$706,982,145$87,366,743$45,259,432$328,821,010
94$778,884,911$91,438,301$46,566,211$359,408,452
95$858,115,163$95,702,768$47,910,169$392,994,674
96$945,420,096$100,169,391$49,292,347$429,880,326
97$1,041,623,113$104,847,858$50,713,808$470,396,490
98$1,147,631,599$109,748,332$52,175,649$514,907,775
99$1,264,445,482$114,881,460$53,678,993$563,815,720
100$1,393,166,679$120,258,409$55,224,997$617,562,555