Can I retire at age 53 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,135,694
2 years$592,771$581,731$571,031$560,658$550,595$529,955
3 years$391,255$380,167$369,495$359,219$349,320$329,239
4 years$290,517$279,463$268,898$258,797$249,138$229,771
5 years$230,090$219,103$208,676$198,781$189,391$170,793
6 years$189,818$178,914$168,641$158,967$149,859$132,051
7 years$161,064$150,252$140,141$130,695$121,875$104,863
8 years$139,508$128,793$118,851$109,637$101,107$84,886
9 years$122,752$112,138$102,366$93,386$85,147$69,708
10 years$109,354$98,844$89,245$80,500$72,549$57,879
11 years$98,400$87,995$78,570$70,059$62,395$48,476
12 years$89,277$78,980$69,729$61,451$54,070$40,884
13 years$81,565$71,374$62,298$54,252$47,150$34,677
14 years$74,959$64,877$55,975$48,159$41,332$29,549
15 years$69,240$59,267$50,538$42,949$36,392$25,277
16 years$64,240$54,376$45,820$38,457$32,163$21,692
17 years$59,834$50,078$41,695$34,553$28,518$18,666
18 years$55,921$46,275$38,062$31,139$25,357$16,100
19 years$52,424$42,887$34,844$28,137$22,601$13,913
20 years$49,281$39,852$31,978$25,483$20,188$12,043
21 years$46,441$37,121$29,413$23,128$18,066$10,440
22 years$43,862$34,651$27,109$21,028$16,193$9,061
23 years$41,511$32,408$25,030$19,151$14,536$7,872
24 years$39,360$30,365$23,149$17,467$13,065$6,846
25 years$37,383$28,496$21,441$15,952$11,757$5,958
26 years$35,562$26,781$19,885$14,585$10,590$5,189
27 years$33,878$25,204$18,465$13,350$9,548$4,521
28 years$32,317$23,750$17,166$12,232$8,615$3,942
29 years$30,867$22,405$15,974$11,217$7,779$3,438
30 years$29,516$21,160$14,879$10,294$7,029$3,000
31 years$28,254$20,003$13,871$9,454$6,355$2,619
32 years$27,074$18,927$12,942$8,689$5,749$2,287
33 years$25,967$17,924$12,084$7,990$5,202$1,997
34 years$24,928$16,988$11,291$7,352$4,710$1,744
35 years$23,951$16,113$10,556$6,768$4,266$1,524
36 years$23,029$15,293$9,875$6,233$3,865$1,332
37 years$22,160$14,525$9,243$5,743$3,503$1,164
38 years$21,338$13,804$8,656$5,293$3,176$1,018
39 years$20,561$13,126$8,109$4,881$2,880$890
40 years$19,824$12,489$7,601$4,502$2,612$778
41 years$19,125$11,888$7,127$4,153$2,370$680
42 years$18,461$11,322$6,686$3,833$2,151$595
43 years$17,829$10,787$6,273$3,538$1,952$520
44 years$17,228$10,282$5,889$3,267$1,772$455
45 years$16,655$9,805$5,529$3,017$1,608$398
46 years$16,109$9,354$5,193$2,787$1,460$348
47 years$15,588$8,926$4,879$2,575$1,326$304
48 years$15,089$8,521$4,585$2,379$1,204$266
49 years$14,613$8,138$4,310$2,199$1,094$233
50 years$14,157$7,773$4,052$2,032$993$204

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,500,000, adding $5,037 every year, while hoping to spend $20,277 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: 47/42/11 Blend
52$14,500,000$14,500,000$14,500,000$14,500,000
53$15,984,196$15,215,696$14,990,946$16,686,456
54$17,593,009$15,939,690$15,471,568$17,895,275
55$19,365,242$16,698,481$15,967,611$19,203,935
56$21,317,541$17,493,751$16,479,571$20,623,742
57$23,468,252$18,327,267$17,007,958$22,165,033
58$25,837,590$19,200,879$17,553,301$23,839,155
59$28,447,831$20,116,528$18,116,143$25,658,562
60$31,323,522$21,076,251$18,697,047$27,636,930
61$34,491,716$22,082,182$19,296,592$29,789,275
62$37,982,221$23,136,559$19,915,378$32,132,093
63$41,827,886$24,241,729$20,554,022$34,683,500
64$46,064,911$25,400,154$21,213,162$37,463,403
65$50,733,186$26,614,416$21,893,457$40,493,674
66$55,876,669$27,887,220$22,595,586$43,798,352
67$61,543,801$29,221,406$23,320,250$47,403,857
68$67,787,963$30,619,949$24,068,173$51,339,230
69$74,667,981$32,085,973$24,840,102$55,636,400
70$82,248,679$33,622,749$25,636,809$60,330,471
71$90,601,492$35,233,711$26,459,090$65,460,046
72$99,805,140$36,922,458$27,307,765$71,067,577
73$109,946,372$38,692,767$28,183,684$77,199,754
74$121,120,785$40,548,596$29,087,720$83,907,934
75$133,433,725$42,494,097$30,020,778$91,248,613
76$147,001,281$44,533,623$30,983,790$99,283,941
77$161,951,383$46,671,742$31,977,719$108,082,302
78$178,425,009$48,913,242$33,003,557$117,718,934
79$196,577,513$51,263,145$34,062,330$128,276,632
80$216,580,098$53,726,717$35,155,096$139,846,509
81$238,621,424$56,309,483$36,282,948$152,528,838
82$262,909,396$59,017,234$37,447,013$166,433,981
83$289,673,121$61,856,045$38,648,455$181,683,411
84$319,165,075$64,832,287$39,888,474$198,410,839
85$351,663,485$67,952,642$41,168,310$216,763,454
86$387,474,956$71,224,116$42,489,244$236,903,292
87$426,937,364$74,654,060$43,852,596$259,008,741
88$470,423,045$78,250,180$45,259,729$283,276,200
89$518,342,316$82,020,558$46,712,049$309,921,909
90$571,147,340$85,973,673$48,211,011$339,183,961
91$629,336,401$90,118,416$49,758,112$371,324,526
92$693,458,605$94,464,109$51,354,900$406,632,291
93$764,119,065$99,020,533$53,002,971$445,425,160
94$841,984,615$103,797,944$54,703,976$488,053,217
95$927,790,100$108,807,098$56,459,614$534,902,003
96$1,022,345,322$114,059,277$58,271,642$586,396,115
97$1,126,542,675$119,566,313$60,141,873$643,003,180
98$1,241,365,580$125,340,614$62,072,178$705,238,230
99$1,367,897,762$131,395,196$64,064,488$773,668,523
100$1,507,333,482$137,743,709$66,120,797$848,918,857