Can I retire at age 53 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,134,244
2 years$605,035$593,767$582,846$572,257$561,987$516,269
3 years$399,350$388,033$377,140$366,651$356,548$312,480
4 years$296,528$285,245$274,461$264,151$254,293$212,211
5 years$234,850$223,636$212,993$202,894$193,309$153,321
6 years$193,746$182,615$172,130$162,256$152,959$115,091
7 years$164,396$153,360$143,041$133,399$124,397$88,636
8 years$142,395$131,458$121,310$111,905$103,199$69,510
9 years$125,291$114,458$104,484$95,319$86,909$55,242
10 years$111,617$100,889$91,092$82,165$74,050$44,346
11 years$100,435$89,816$80,196$71,509$63,686$35,876
12 years$91,125$80,614$71,172$62,723$55,189$29,200
13 years$83,252$72,851$63,587$55,375$48,126$23,881
14 years$76,510$66,220$57,133$49,155$42,187$19,606
15 years$70,673$60,493$51,584$43,838$37,144$16,146
16 years$65,570$55,501$46,768$39,252$32,828$13,330
17 years$61,072$51,114$42,557$35,268$29,108$11,028
18 years$57,078$47,232$38,849$31,783$25,881$9,139
19 years$53,509$43,774$35,565$28,719$23,069$7,584
20 years$50,301$40,677$32,639$26,011$20,605$6,300
21 years$47,402$37,889$30,022$23,606$18,439$5,239
22 years$44,770$35,368$27,670$21,463$16,528$4,360
23 years$42,370$33,079$25,548$19,547$14,837$3,631
24 years$40,174$30,993$23,628$17,828$13,336$3,025
25 years$38,157$29,085$21,884$16,282$12,000$2,522
26 years$36,298$27,336$20,296$14,887$10,809$2,103
27 years$34,579$25,726$18,847$13,627$9,745$1,754
28 years$32,986$24,241$17,521$12,485$8,793$1,463
29 years$31,506$22,869$16,305$11,449$7,940$1,221
30 years$30,126$21,597$15,187$10,507$7,175$1,019
31 years$28,839$20,417$14,158$9,650$6,486$851
32 years$27,634$19,318$13,210$8,869$5,867$710
33 years$26,505$18,295$12,334$8,155$5,310$593
34 years$25,444$17,339$11,524$7,504$4,808$495
35 years$24,446$16,446$10,775$6,908$4,354$414
36 years$23,506$15,610$10,079$6,362$3,945$346
37 years$22,618$14,826$9,434$5,861$3,576$289
38 years$21,780$14,090$8,835$5,403$3,242$241
39 years$20,986$13,398$8,277$4,982$2,940$201
40 years$20,234$12,747$7,758$4,595$2,666$168
41 years$19,520$12,134$7,275$4,239$2,419$140
42 years$18,843$11,556$6,824$3,912$2,195$117
43 years$18,198$11,010$6,403$3,612$1,992$98
44 years$17,585$10,495$6,011$3,335$1,808$82
45 years$17,000$10,008$5,644$3,080$1,642$68
46 years$16,442$9,547$5,301$2,845$1,491$57
47 years$15,910$9,111$4,980$2,628$1,353$48
48 years$15,402$8,698$4,680$2,429$1,229$40
49 years$14,915$8,306$4,399$2,244$1,116$33
50 years$14,450$7,934$4,135$2,075$1,014$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $14,800,000, adding $5,380 every year, while hoping to spend $50,581 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: 67/15/18 Blend
52$14,800,000$14,800,000$14,800,000$14,800,000
53$16,315,149$15,530,749$15,301,349$17,335,947
54$17,925,477$16,237,938$15,760,127$18,726,391
55$19,698,363$16,978,084$16,232,578$20,239,874
56$21,650,334$17,752,749$16,719,108$21,893,637
57$23,799,602$18,563,568$17,220,132$23,701,464
58$26,166,236$19,412,257$17,736,081$25,678,519
59$28,772,347$20,300,612$18,267,394$27,841,495
60$31,642,301$21,230,517$18,814,527$30,208,763
61$34,802,949$22,203,946$19,377,947$32,800,544
62$38,283,877$23,222,966$19,958,135$35,639,100
63$42,117,687$24,289,746$20,555,587$38,748,934
64$46,340,304$25,406,556$21,170,812$42,157,025
65$50,991,316$26,575,779$21,804,336$45,893,074
66$56,114,347$27,799,909$22,456,698$49,989,783
67$61,757,468$29,081,562$23,128,455$54,483,161
68$67,973,650$30,423,479$23,820,178$59,412,856
69$74,821,266$31,828,533$24,532,458$64,822,529
70$82,364,639$33,299,735$25,265,899$70,760,259
71$90,674,651$34,840,241$26,021,126$77,278,995
72$99,829,413$36,453,360$26,798,781$84,437,048
73$109,914,997$38,142,559$27,599,524$92,298,638
74$121,026,255$39,911,473$28,424,037$100,934,497
75$133,267,710$41,763,911$29,273,018$110,422,527
76$146,754,541$43,703,868$30,147,189$120,848,534
77$161,613,675$45,735,528$31,047,291$132,307,029
78$177,984,980$47,863,280$31,974,086$144,902,115
79$196,022,591$50,091,723$32,928,360$158,748,465
80$215,896,357$52,425,679$33,910,922$173,972,396
81$237,793,450$54,870,202$34,922,602$190,713,054
82$261,920,129$57,430,589$35,964,257$209,123,723
83$288,503,691$60,112,396$37,036,768$229,373,261
84$317,794,608$62,921,445$38,141,040$251,647,689
85$350,068,900$65,863,838$39,278,007$276,151,937
86$385,630,736$68,945,974$40,448,629$303,111,770
87$424,815,306$72,174,562$41,653,893$332,775,913
88$467,991,985$75,556,633$42,894,816$365,418,385
89$515,567,819$79,099,559$44,172,443$401,341,080
90$567,991,368$82,811,069$45,487,852$440,876,605
91$625,756,941$86,699,265$46,842,149$484,391,410
92$689,409,263$90,772,643$48,236,474$532,289,233
93$759,548,612$95,040,106$49,672,001$585,014,907
94$836,836,492$99,510,994$51,149,935$643,058,539
95$922,001,875$104,195,093$52,671,518$706,960,130
96$1,015,848,080$109,102,667$54,238,028$777,314,656
97$1,119,260,362$114,244,475$55,850,780$854,777,674
98$1,233,214,264$119,631,799$57,511,126$940,071,493
99$1,358,784,828$125,276,467$59,220,458$1,033,991,981
100$1,497,156,745$131,190,878$60,980,208$1,137,416,060