Can I retire at age 53 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,131,058
2 years$600,947$589,755$578,908$568,391$558,190$517,173
3 years$396,652$385,411$374,592$364,174$354,139$314,535
4 years$294,524$283,318$272,607$262,367$252,575$214,687
5 years$233,263$222,125$211,554$201,523$192,003$155,930
6 years$192,436$181,382$170,967$161,159$151,926$117,696
7 years$163,286$152,324$142,074$132,498$123,556$91,162
8 years$141,433$130,570$120,490$111,149$102,502$71,917
9 years$124,445$113,684$103,778$94,674$86,321$57,507
10 years$110,862$100,207$90,476$81,610$73,550$46,457
11 years$99,757$89,209$79,654$71,025$63,256$37,829
12 years$90,509$80,069$70,691$62,299$54,816$30,996
13 years$82,690$72,359$63,158$55,001$47,801$25,524
14 years$75,993$65,772$56,747$48,823$41,902$21,102
15 years$70,195$60,084$51,235$43,542$36,894$17,502
16 years$65,127$55,126$46,452$38,987$32,607$14,555
17 years$60,659$50,769$42,270$35,029$28,911$12,131
18 years$56,692$46,913$38,587$31,569$25,707$10,128
19 years$53,147$43,478$35,324$28,525$22,913$8,469
20 years$49,961$40,402$32,419$25,835$20,466$7,090
21 years$47,081$37,633$29,819$23,447$18,315$5,941
22 years$44,467$35,129$27,483$21,318$16,417$4,983
23 years$42,084$32,856$25,376$19,415$14,737$4,183
24 years$39,903$30,784$23,468$17,708$13,246$3,513
25 years$37,899$28,889$21,736$16,172$11,919$2,952
26 years$36,052$27,151$20,159$14,787$10,736$2,481
27 years$34,345$25,552$18,720$13,535$9,680$2,087
28 years$32,763$24,078$17,402$12,401$8,734$1,755
29 years$31,293$22,714$16,194$11,372$7,887$1,477
30 years$29,923$21,451$15,084$10,436$7,126$1,243
31 years$28,644$20,279$14,063$9,585$6,443$1,046
32 years$27,447$19,188$13,121$8,809$5,828$880
33 years$26,326$18,171$12,251$8,100$5,274$741
34 years$25,272$17,222$11,447$7,453$4,775$624
35 years$24,281$16,335$10,702$6,861$4,325$526
36 years$23,347$15,504$10,011$6,319$3,919$443
37 years$22,466$14,725$9,370$5,822$3,552$373
38 years$21,633$13,994$8,775$5,366$3,220$314
39 years$20,844$13,307$8,221$4,948$2,920$264
40 years$20,097$12,661$7,706$4,564$2,648$223
41 years$19,388$12,052$7,225$4,211$2,403$188
42 years$18,715$11,478$6,778$3,886$2,180$158
43 years$18,075$10,936$6,360$3,587$1,979$133
44 years$17,466$10,424$5,970$3,312$1,796$112
45 years$16,885$9,941$5,606$3,059$1,631$94
46 years$16,331$9,483$5,265$2,825$1,480$80
47 years$15,803$9,050$4,946$2,610$1,344$67
48 years$15,298$8,639$4,648$2,412$1,221$56
49 years$14,815$8,250$4,369$2,229$1,109$48
50 years$14,352$7,881$4,107$2,060$1,007$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,700,000, adding $3,637 every year, while hoping to spend $46,224 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: 67/20/13 Blend
52$14,700,000$14,700,000$14,700,000$14,700,000
53$16,203,152$15,424,052$15,196,202$17,240,777
54$17,806,691$16,130,648$15,656,092$18,639,134
55$19,572,242$16,870,319$16,129,840$20,161,672
56$21,516,282$17,644,635$16,617,861$21,825,185
57$23,656,965$18,455,245$17,120,581$23,643,482
58$26,014,297$19,303,874$17,638,443$25,631,755
59$28,610,324$20,192,332$18,171,899$27,806,721
60$31,469,336$21,122,515$18,721,417$30,186,776
61$34,618,102$22,096,411$19,287,477$32,792,166
62$38,086,116$23,116,104$19,870,576$35,645,173
63$41,905,883$24,183,775$20,471,223$38,770,320
64$46,113,217$25,301,715$21,089,943$42,194,605
65$50,747,587$26,472,321$21,727,279$45,947,742
66$55,852,484$27,698,108$22,383,785$50,062,446
67$61,475,833$28,981,710$23,060,038$54,574,733
68$67,670,445$30,325,891$23,756,625$59,524,253
69$74,494,515$31,733,545$24,474,157$64,954,664
70$82,012,174$33,207,706$25,213,260$70,914,037
71$90,294,089$34,751,558$25,974,578$77,455,303
72$99,418,135$36,368,433$26,758,775$84,636,749
73$109,470,126$38,061,827$27,566,535$92,522,560
74$120,544,627$39,835,405$28,398,562$101,183,421
75$132,745,847$41,693,008$29,255,582$110,697,178
76$146,188,620$43,638,662$30,138,340$121,149,561
77$160,999,490$45,676,587$31,047,606$132,634,993
78$177,317,908$47,811,210$31,984,171$145,257,470
79$195,297,543$50,047,168$32,948,849$159,131,536
80$215,107,737$52,389,323$33,942,480$174,383,356
81$236,935,101$54,842,775$34,965,928$191,151,897
82$260,985,277$57,412,866$36,020,082$209,590,235
83$287,484,879$60,105,200$37,105,858$229,866,987
84$316,683,631$62,925,650$38,224,199$252,167,894
85$348,856,729$65,880,374$39,376,077$276,697,564
86$384,307,430$68,975,828$40,562,491$303,681,396
87$423,369,924$72,218,779$41,784,470$333,367,692
88$466,412,480$75,616,323$43,043,074$366,029,994
89$513,840,931$79,175,900$44,339,394$401,969,649
90$566,102,496$82,905,310$45,674,554$441,518,647
91$623,690,009$86,812,728$47,049,710$485,042,737
92$687,146,568$90,906,730$48,466,053$532,944,870
93$757,070,661$95,196,303$49,924,810$585,668,984
94$834,121,819$99,690,873$51,427,241$643,704,184
95$919,026,838$104,400,319$52,974,648$707,589,342
96$1,012,586,645$109,335,004$54,568,367$777,918,166
97$1,115,683,852$114,505,788$56,209,777$855,344,790
98$1,229,291,095$119,924,062$57,900,295$940,589,931
99$1,354,480,213$125,601,768$59,641,381$1,034,447,671
100$1,492,432,366$131,551,426$61,434,539$1,137,792,937