Can I retire at age 53 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,118,178
2 years$580,506$569,695$559,217$549,058$539,204$524,966
3 years$383,160$372,302$361,850$351,787$342,093$328,210
4 years$284,506$273,681$263,334$253,443$243,984$230,562
5 years$225,329$214,569$204,358$194,668$185,472$172,551
6 years$185,891$175,212$165,152$155,678$146,758$134,353
7 years$157,732$147,143$137,242$127,991$119,354$107,469
8 years$136,622$126,129$116,392$107,369$99,015$87,650
9 years$120,212$109,818$100,248$91,454$83,385$72,535
10 years$107,092$96,799$87,399$78,834$71,048$60,705
11 years$96,364$86,174$76,945$68,610$61,104$51,259
12 years$87,430$77,345$68,286$60,180$52,951$43,593
13 years$79,877$69,898$61,009$53,130$46,175$37,292
14 years$73,408$63,535$54,817$47,163$40,476$32,055
15 years$67,807$58,040$49,493$42,061$35,639$27,666
16 years$62,911$53,251$44,872$37,661$31,498$23,958
17 years$58,596$49,042$40,832$33,838$27,928$20,808
18 years$54,764$45,317$37,274$30,495$24,832$18,115
19 years$51,339$41,999$34,123$27,555$22,133$15,805
20 years$48,261$39,028$31,316$24,956$19,770$13,814
21 years$45,480$36,353$28,805$22,649$17,692$12,092
22 years$42,955$33,934$26,548$20,593$15,858$10,600
23 years$40,653$31,738$24,513$18,755$14,235$9,302
24 years$38,545$29,736$22,670$17,105$12,795$8,172
25 years$36,610$27,906$20,997$15,622$11,514$7,185
26 years$34,826$26,227$19,474$14,284$10,371$6,323
27 years$33,177$24,683$18,083$13,074$9,350$5,567
28 years$31,649$23,259$16,810$11,979$8,437$4,905
29 years$30,228$21,942$15,644$10,985$7,618$4,324
30 years$28,905$20,722$14,571$10,081$6,884$3,814
31 years$27,670$19,589$13,584$9,259$6,224$3,365
32 years$26,514$18,535$12,675$8,509$5,630$2,970
33 years$25,430$17,553$11,834$7,825$5,095$2,622
34 years$24,412$16,636$11,057$7,200$4,613$2,316
35 years$23,455$15,779$10,338$6,628$4,178$2,045
36 years$22,553$14,977$9,671$6,104$3,785$1,807
37 years$21,701$14,225$9,052$5,624$3,431$1,597
38 years$20,897$13,518$8,476$5,184$3,110$1,411
39 years$20,135$12,855$7,942$4,780$2,821$1,248
40 years$19,414$12,230$7,444$4,408$2,558$1,103
41 years$18,729$11,642$6,980$4,067$2,321$975
42 years$18,079$11,087$6,547$3,754$2,106$862
43 years$17,460$10,564$6,144$3,465$1,911$763
44 years$16,872$10,070$5,767$3,199$1,735$675
45 years$16,311$9,602$5,415$2,955$1,575$597
46 years$15,776$9,160$5,086$2,729$1,430$528
47 years$15,265$8,742$4,778$2,522$1,299$467
48 years$14,777$8,345$4,490$2,330$1,179$413
49 years$14,311$7,969$4,220$2,153$1,071$365
50 years$13,864$7,612$3,968$1,990$973$323

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,200,000, adding $5,759 every year, while hoping to spend $46,432 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: 33/39/28 Blend
52$14,200,000$14,200,000$14,200,000$14,200,000
53$15,654,340$14,901,740$14,681,640$16,037,512
54$17,201,680$15,582,522$15,124,072$17,010,203
55$18,905,292$16,295,107$15,579,769$18,053,230
56$20,781,067$17,041,002$16,049,127$19,176,450
57$22,846,515$17,821,791$16,532,552$20,386,996
58$25,120,931$18,639,130$17,030,464$21,692,684
59$27,625,576$19,494,757$17,543,294$23,102,081
60$30,383,877$20,390,493$18,071,487$24,624,581
61$33,421,651$21,328,245$18,615,500$26,270,484
62$36,767,344$22,310,013$19,175,804$28,051,091
63$40,452,303$23,337,894$19,752,883$29,978,799
64$44,511,071$24,414,084$20,347,238$32,067,212
65$48,981,711$25,540,885$20,959,381$34,331,265
66$53,906,167$26,720,710$21,589,842$36,787,350
67$59,330,660$27,956,089$22,239,166$39,453,468
68$65,306,122$29,249,672$22,907,913$42,349,390
69$71,888,679$30,604,239$23,596,661$45,496,828
70$79,140,179$32,022,701$24,306,003$48,919,639
71$87,128,776$33,508,112$25,036,553$52,644,034
72$95,929,573$35,063,672$25,788,940$56,698,817
73$105,625,332$36,692,734$26,563,812$61,115,643
74$116,307,253$38,398,815$27,361,836$65,929,312
75$128,075,836$40,185,600$28,183,701$71,178,078
76$141,041,830$42,056,953$29,030,114$76,904,001
77$155,327,277$44,016,923$29,901,802$83,153,330
78$171,066,663$46,069,757$30,799,516$89,976,928
79$188,408,190$48,219,903$31,724,028$97,430,733
80$207,515,174$50,472,027$32,676,132$105,576,275
81$228,567,585$52,831,019$33,656,646$114,481,240
82$251,763,747$55,302,007$34,666,411$124,220,092
83$277,322,209$57,890,365$35,706,295$134,874,757
84$305,483,808$60,601,727$36,777,190$146,535,383
85$336,513,945$63,442,000$37,880,015$159,301,167
86$370,705,086$66,417,376$39,015,713$173,281,275
87$408,379,524$69,534,347$40,185,259$188,595,849
88$449,892,424$72,799,719$41,389,654$205,377,124
89$495,635,174$76,220,627$42,629,930$223,770,648
90$546,039,076$79,804,552$43,907,147$243,936,638
91$601,579,423$83,559,337$45,222,398$266,051,464
92$662,779,983$87,493,203$46,576,807$290,309,287
93$730,217,943$91,614,772$47,971,531$316,923,870
94$804,529,358$95,933,081$49,407,763$346,130,564
95$886,415,157$100,457,606$50,886,728$378,188,499
96$976,647,758$105,198,284$52,409,688$413,383,004
97$1,076,078,359$110,165,529$53,977,942$452,028,264
98$1,185,644,975$115,370,264$55,592,827$494,470,251
99$1,306,381,296$120,823,940$57,255,719$541,089,961
100$1,439,426,438$126,538,563$58,968,036$592,306,967