Can I retire at age 53 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$578,053$572,904$567,881$562,978$558,190$546,920
2 years$286,165$280,836$275,670$270,662$265,805$254,500
3 years$188,882$183,529$178,377$173,416$168,637$157,650
4 years$140,249$134,913$129,813$124,936$120,274$109,689
5 years$111,078$105,774$100,740$95,963$91,430$81,277
6 years$91,636$86,372$81,413$76,743$72,346$62,636
7 years$77,755$72,535$67,655$63,094$58,836$49,573
8 years$67,349$62,176$57,376$52,928$48,810$39,990
9 years$59,259$54,135$49,418$45,083$41,105$32,722
10 years$52,792$47,718$43,084$38,862$35,024$27,069
11 years$47,503$42,480$37,930$33,822$30,122$22,586
12 years$43,099$38,128$33,662$29,666$26,103$18,975
13 years$39,376$34,457$30,075$26,191$22,762$16,030
14 years$36,187$31,320$27,023$23,249$19,953$13,604
15 years$33,426$28,611$24,398$20,734$17,568$11,589
16 years$31,013$26,250$22,120$18,565$15,527$9,904
17 years$28,885$24,176$20,128$16,681$13,767$8,486
18 years$26,996$22,339$18,375$15,033$12,241$7,287
19 years$25,308$20,704$16,821$13,583$10,911$6,269
20 years$23,791$19,239$15,438$12,302$9,746$5,402
21 years$22,420$17,921$14,200$11,165$8,721$4,662
22 years$21,175$16,728$13,087$10,152$7,817$4,027
23 years$20,040$15,645$12,084$9,245$7,017$3,483
24 years$19,001$14,659$11,175$8,432$6,307$3,014
25 years$18,047$13,757$10,351$7,701$5,676$2,611
26 years$17,168$12,929$9,600$7,041$5,112$2,263
27 years$16,355$12,168$8,914$6,445$4,609$1,962
28 years$15,601$11,466$8,287$5,905$4,159$1,703
29 years$14,901$10,816$7,712$5,415$3,756$1,478
30 years$14,249$10,215$7,183$4,970$3,393$1,283
31 years$13,640$9,657$6,697$4,564$3,068$1,115
32 years$13,070$9,137$6,248$4,195$2,775$968
33 years$12,536$8,653$5,834$3,857$2,512$841
34 years$12,034$8,201$5,451$3,549$2,274$731
35 years$11,562$7,779$5,096$3,267$2,060$636
36 years$11,118$7,383$4,767$3,009$1,866$553
37 years$10,698$7,012$4,462$2,772$1,691$481
38 years$10,301$6,664$4,179$2,555$1,533$418
39 years$9,926$6,337$3,915$2,356$1,390$364
40 years$9,570$6,029$3,669$2,173$1,261$316
41 years$9,233$5,739$3,441$2,005$1,144$275
42 years$8,912$5,466$3,228$1,850$1,038$239
43 years$8,607$5,208$3,029$1,708$942$208
44 years$8,317$4,964$2,843$1,577$855$181
45 years$8,041$4,734$2,669$1,457$776$158
46 years$7,777$4,516$2,507$1,345$705$137
47 years$7,525$4,309$2,355$1,243$640$119
48 years$7,285$4,114$2,213$1,149$581$104
49 years$7,055$3,928$2,080$1,062$528$90
50 years$6,834$3,753$1,956$981$480$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,000,000, adding $3,276 every year, while hoping to spend $54,743 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: 62/10/28 Blend
52$7,000,000$7,000,000$7,000,000$7,000,000
53$7,717,379$7,346,379$7,237,879$8,137,693
54$8,446,306$7,648,106$7,422,102$8,725,463
55$9,247,748$7,962,782$7,610,662$9,360,758
56$10,129,045$8,290,985$7,803,645$10,053,316
57$11,098,282$8,633,317$8,001,142$10,808,751
58$12,164,367$8,990,411$8,203,241$11,633,242
59$13,337,117$9,362,925$8,410,033$12,533,590
60$14,627,344$9,751,549$8,621,610$13,517,284
61$16,046,964$10,157,006$8,838,065$14,592,567
62$17,609,106$10,580,051$9,059,492$15,768,515
63$19,328,235$11,021,474$9,285,985$17,055,123
64$21,220,289$11,482,100$9,517,640$18,463,394
65$23,302,831$11,962,796$9,754,554$20,005,448
66$25,595,212$12,464,465$9,996,824$21,694,627
67$28,118,754$12,988,054$10,244,547$23,545,629
68$30,896,951$13,534,553$10,497,824$25,574,638
69$33,955,691$14,104,997$10,756,752$27,799,480
70$37,323,502$14,700,472$11,021,434$30,239,788
71$41,031,816$15,322,112$11,291,969$32,917,187
72$45,115,269$15,971,104$11,568,458$35,855,497
73$49,612,028$16,648,690$11,851,003$39,080,952
74$54,564,150$17,356,170$12,139,705$42,622,455
75$60,017,975$18,094,904$12,434,668$46,511,842
76$66,024,572$18,866,318$12,735,993$50,784,180
77$72,640,212$19,671,901$13,043,782$55,478,105
78$79,926,903$20,513,214$13,358,138$60,636,176
79$87,952,974$21,391,888$13,679,163$66,305,279
80$96,793,721$22,309,634$14,006,958$72,537,069
81$106,532,114$23,268,240$14,341,625$79,388,451
82$117,259,584$24,269,578$14,683,264$86,922,120
83$129,076,884$25,315,610$15,031,976$95,207,150
84$142,095,039$26,408,387$15,387,859$104,319,642
85$156,436,393$27,550,058$15,751,013$114,343,440
86$172,235,767$28,742,873$16,121,533$125,370,923
87$189,641,727$29,989,185$16,499,516$137,503,874
88$208,817,989$31,291,461$16,885,056$150,854,435
89$229,944,963$32,652,282$17,278,245$165,546,168
90$253,221,456$34,074,351$17,679,173$181,715,216
91$278,866,547$35,560,497$18,087,928$199,511,585
92$307,121,658$37,113,684$18,504,597$219,100,560
93$338,252,828$38,737,016$18,929,261$240,664,260
94$372,553,227$40,433,740$19,362,002$264,403,354
95$410,345,923$42,207,260$19,802,896$290,538,956
96$451,986,931$44,061,140$20,252,017$319,314,704
97$497,868,572$45,999,109$20,709,433$350,999,059
98$548,423,177$48,025,077$21,175,210$385,887,838
99$604,127,171$50,143,135$21,649,409$424,307,000
100$665,505,564$52,357,571$22,132,087$466,615,719