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

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,075,914
2 years$572,330$561,671$551,341$541,325$531,609$491,285
3 years$377,763$367,058$356,754$346,832$337,275$298,359
4 years$280,499$269,827$259,625$249,873$240,547$203,338
5 years$222,156$211,547$201,480$191,926$182,860$147,454
6 years$183,273$172,744$162,826$153,485$144,691$111,114
7 years$155,510$145,070$135,309$126,189$117,673$85,917
8 years$134,698$124,352$114,753$105,856$97,621$67,659
9 years$118,519$108,271$98,837$90,166$82,211$54,002
10 years$105,583$95,436$86,168$77,724$70,048$43,544
11 years$95,006$84,961$75,861$67,643$60,243$35,388
12 years$86,199$76,256$67,325$59,332$52,206$28,938
13 years$78,752$68,913$60,150$52,381$45,524$23,780
14 years$72,375$62,640$54,045$46,498$39,906$19,619
15 years$66,852$57,223$48,795$41,468$35,137$16,238
16 years$62,025$52,501$44,240$37,130$31,054$13,474
17 years$57,770$48,351$40,257$33,361$27,535$11,205
18 years$53,993$44,679$36,749$30,065$24,482$9,334
19 years$50,616$41,408$33,642$27,167$21,822$7,787
20 years$47,582$38,478$30,875$24,605$19,492$6,504
21 years$44,839$35,841$28,399$22,330$17,443$5,438
22 years$42,350$33,456$26,174$20,303$15,635$4,551
23 years$40,080$31,291$24,167$18,491$14,035$3,810
24 years$38,003$29,318$22,351$16,865$12,615$3,193
25 years$36,094$27,513$20,701$15,402$11,351$2,676
26 years$34,335$25,858$19,199$14,082$10,225$2,244
27 years$32,710$24,335$17,828$12,890$9,219$1,883
28 years$31,203$22,931$16,574$11,810$8,318$1,580
29 years$29,803$21,633$15,423$10,830$7,511$1,326
30 years$28,498$20,430$14,366$9,939$6,787$1,113
31 years$27,280$19,313$13,393$9,128$6,136$934
32 years$26,140$18,274$12,496$8,389$5,550$785
33 years$25,072$17,306$11,668$7,715$5,023$659
34 years$24,069$16,402$10,902$7,098$4,548$553
35 years$23,125$15,557$10,192$6,534$4,119$465
36 years$22,235$14,766$9,535$6,018$3,732$391
37 years$21,396$14,024$8,924$5,545$3,383$328
38 years$20,602$13,328$8,357$5,111$3,067$276
39 years$19,852$12,674$7,830$4,712$2,781$232
40 years$19,140$12,058$7,339$4,346$2,522$195
41 years$18,465$11,478$6,881$4,010$2,288$163
42 years$17,824$10,931$6,455$3,701$2,076$137
43 years$17,214$10,415$6,057$3,416$1,885$115
44 years$16,634$9,928$5,686$3,154$1,711$97
45 years$16,081$9,467$5,339$2,913$1,553$81
46 years$15,554$9,031$5,014$2,691$1,410$68
47 years$15,050$8,619$4,711$2,486$1,280$58
48 years$14,569$8,228$4,427$2,297$1,163$48
49 years$14,109$7,857$4,161$2,123$1,056$41
50 years$13,669$7,505$3,912$1,962$959$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,000,000, adding $3,867 every year, while hoping to spend $56,720 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: 65/26/9 Blend
52$14,000,000$14,000,000$14,000,000$14,000,000
53$15,431,989$14,689,989$14,472,989$16,406,359
54$16,945,702$15,349,449$14,897,484$17,715,256
55$18,611,913$16,039,321$15,334,299$19,137,705
56$20,446,117$16,761,036$15,783,787$20,690,356
57$22,465,386$17,516,093$16,246,309$22,385,881
58$24,688,535$18,306,061$16,722,240$24,238,218
59$27,136,293$19,132,585$17,211,963$26,262,701
60$29,831,502$19,997,389$17,715,871$28,476,199
61$32,799,333$20,902,279$18,234,370$30,897,272
62$36,067,521$21,849,146$18,767,877$33,546,342
63$39,666,627$22,839,973$19,316,820$36,445,880
64$43,630,329$23,876,838$19,881,640$39,620,617
65$47,995,737$24,961,917$20,462,789$43,097,771
66$52,803,742$26,097,491$21,060,732$46,907,299
67$58,099,406$27,285,950$21,675,949$51,082,174
68$63,932,382$28,529,799$22,308,930$55,658,692
69$70,357,387$29,831,661$22,960,181$60,676,810
70$77,434,716$31,194,288$23,630,223$66,180,516
71$85,230,810$32,620,561$24,319,588$72,218,237
72$93,818,884$34,113,500$25,028,826$78,843,293
73$103,279,620$35,676,271$25,758,501$86,114,392
74$113,701,924$37,312,192$26,509,194$94,096,176
75$125,183,768$39,024,737$27,281,500$102,859,827
76$137,833,114$40,817,551$28,076,032$112,483,728
77$151,768,933$42,694,452$28,893,420$123,054,199
78$167,122,325$44,659,441$29,734,311$134,666,299
79$184,037,762$46,716,713$30,599,370$147,424,718
80$202,674,445$48,870,664$31,489,280$161,444,757
81$223,207,813$51,125,900$32,404,745$176,853,402
82$245,831,192$53,487,251$33,346,486$193,790,520
83$270,757,625$55,959,778$34,315,245$212,410,162
84$298,221,882$58,548,786$35,311,785$232,882,012
85$328,482,672$61,259,835$36,336,888$255,392,973
86$361,825,091$64,098,754$37,391,360$280,148,924
87$398,563,309$67,071,651$38,476,029$307,376,648
88$439,043,534$70,184,930$39,591,744$337,325,962
89$483,647,285$73,445,302$40,739,378$370,272,058
90$532,794,991$76,859,804$41,919,830$406,518,092
91$586,949,956$80,435,811$43,134,020$446,398,028
92$646,622,739$84,181,053$44,382,897$490,279,776
93$712,375,968$88,103,634$45,667,434$538,568,647
94$784,829,655$92,212,050$46,988,631$591,711,166
95$864,667,044$96,515,206$48,347,515$650,199,266
96$952,641,068$101,022,436$49,745,142$714,574,918
97$1,049,581,448$105,743,526$51,182,595$785,435,221
98$1,156,402,534$110,688,737$52,660,990$863,438,026
99$1,274,111,929$115,868,822$54,181,470$949,308,120
100$1,403,820,007$121,295,055$55,745,210$1,043,844,049