Can I retire at age 53 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,105,776
2 years$588,682$577,719$567,093$556,791$546,798$504,460
3 years$388,557$377,546$366,947$356,741$346,911$306,066
4 years$288,513$277,536$267,043$257,012$247,420$208,380
5 years$228,503$217,592$207,237$197,410$188,085$150,951
6 years$188,509$177,680$167,478$157,870$148,825$113,624
7 years$159,953$149,215$139,175$129,794$121,035$87,757
8 years$138,546$127,905$118,031$108,881$100,410$69,026
9 years$121,905$111,364$101,660$92,742$84,560$55,026
10 years$108,600$98,162$88,630$79,945$72,049$44,313
11 years$97,721$87,388$78,028$69,576$61,965$35,966
12 years$88,662$78,435$69,248$61,027$53,697$29,372
13 years$81,002$70,882$61,869$53,878$46,825$24,103
14 years$74,442$64,430$55,589$47,827$41,047$19,858
15 years$68,762$58,858$50,190$42,653$36,141$16,412
16 years$63,797$54,001$45,504$38,191$31,941$13,599
17 years$59,421$49,733$41,407$34,315$28,321$11,292
18 years$55,535$45,955$37,799$30,924$25,182$9,393
19 years$52,063$42,591$34,603$27,943$22,445$7,824
20 years$48,941$39,578$31,757$25,308$20,048$6,525
21 years$46,120$36,865$29,211$22,968$17,941$5,447
22 years$43,560$34,412$26,922$20,883$16,082$4,551
23 years$41,225$32,185$24,858$19,019$14,436$3,805
24 years$39,088$30,155$22,989$17,346$12,975$3,183
25 years$37,125$28,299$21,293$15,842$11,676$2,664
26 years$35,316$26,597$19,748$14,485$10,517$2,230
27 years$33,644$25,031$18,338$13,258$9,482$1,868
28 years$32,094$23,586$17,047$12,147$8,556$1,565
29 years$30,654$22,251$15,864$11,139$7,726$1,311
30 years$29,312$21,014$14,777$10,223$6,981$1,099
31 years$28,059$19,865$13,776$9,389$6,311$921
32 years$26,887$18,796$12,853$8,629$5,709$772
33 years$25,788$17,800$12,001$7,935$5,167$647
34 years$24,756$16,871$11,213$7,301$4,678$543
35 years$23,785$16,002$10,483$6,721$4,237$455
36 years$22,871$15,188$9,807$6,190$3,839$382
37 years$22,007$14,425$9,179$5,703$3,479$320
38 years$21,191$13,709$8,596$5,257$3,154$269
39 years$20,419$13,036$8,053$4,847$2,860$225
40 years$19,687$12,402$7,548$4,471$2,594$189
41 years$18,993$11,806$7,078$4,125$2,354$158
42 years$18,333$11,244$6,639$3,807$2,136$133
43 years$17,706$10,713$6,230$3,514$1,938$112
44 years$17,109$10,212$5,848$3,245$1,759$94
45 years$16,540$9,738$5,491$2,996$1,597$78
46 years$15,998$9,289$5,157$2,768$1,450$66
47 years$15,480$8,865$4,845$2,557$1,317$55
48 years$14,985$8,463$4,553$2,363$1,196$46
49 years$14,512$8,081$4,280$2,184$1,086$39
50 years$14,059$7,720$4,024$2,018$987$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,400,000, adding $6,156 every year, while hoping to spend $48,513 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: 71/10/19 Blend
52$14,400,000$14,400,000$14,400,000$14,400,000
53$15,875,150$15,111,950$14,888,750$16,929,376
54$17,442,798$15,800,818$15,335,906$18,320,854
55$19,168,720$16,521,815$15,796,415$19,837,447
56$21,069,009$17,276,463$16,270,674$21,496,702
57$23,161,397$18,066,359$16,759,091$23,312,741
58$25,465,424$18,893,176$17,262,086$25,301,111
59$28,002,622$19,758,666$17,780,090$27,478,927
60$30,796,715$20,664,666$18,313,549$29,865,032
61$33,873,847$21,613,101$18,862,919$32,480,174
62$37,262,826$22,605,990$19,428,674$35,347,196
63$40,995,397$23,645,447$20,011,298$38,491,255
64$45,106,541$24,733,687$20,611,290$41,940,050
65$49,634,805$25,873,034$21,229,164$45,724,086
66$54,622,664$27,065,922$21,865,451$49,876,957
67$60,116,926$28,314,903$22,520,694$54,435,660
68$66,169,170$29,622,650$23,195,454$59,440,942
69$72,836,232$30,991,967$23,890,309$64,937,681
70$80,180,746$32,425,791$24,605,852$70,975,308
71$88,271,729$33,927,202$25,342,695$77,608,267
72$97,185,238$35,499,427$26,101,468$84,896,528
73$107,005,083$37,145,850$26,882,818$92,906,148
74$117,823,622$38,870,017$27,687,412$101,709,894
75$129,742,627$40,675,644$28,515,937$111,387,919
76$142,874,253$42,566,629$29,369,099$122,028,522
77$157,342,088$44,547,055$30,247,625$133,728,973
78$173,282,324$46,621,203$31,152,263$146,596,427
79$190,845,041$48,793,562$32,083,784$160,748,934
80$210,195,625$51,068,837$33,042,980$176,316,542
81$231,516,327$53,451,957$34,030,668$193,442,527
82$255,007,984$55,948,095$35,047,687$212,284,735
83$280,891,915$58,562,668$36,094,901$233,017,070
84$309,412,010$61,301,359$37,173,201$255,831,126
85$340,837,032$64,170,123$38,283,500$280,937,994
86$375,463,154$67,175,203$39,426,742$308,570,246
87$413,616,754$70,323,146$40,603,896$338,984,123
88$455,657,496$73,620,814$41,815,960$372,461,952
89$501,981,727$77,075,400$43,063,960$409,314,797
90$553,026,215$80,694,446$44,348,955$449,885,394
91$609,272,275$84,485,860$45,672,031$494,551,377
92$671,250,311$88,457,931$47,034,307$543,728,834
93$739,544,822$92,619,349$48,436,936$597,876,228
94$814,799,924$96,979,227$49,881,103$657,498,715
95$897,725,424$101,547,117$51,368,028$723,152,907
96$989,103,526$106,333,035$52,898,966$795,452,113
97$1,089,796,213$111,347,481$54,475,209$875,072,120
98$1,200,753,384$116,601,465$56,098,086$962,757,565
99$1,323,021,823$122,106,530$57,768,965$1,059,328,953
100$1,457,755,077$127,874,778$59,489,254$1,165,690,389