Can I retire at age 53 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$586,311$581,089$575,993$571,020$566,164$547,821
2 years$290,253$284,847$279,608$274,529$269,602$251,294
3 years$191,580$186,151$180,925$175,893$171,047$153,348
4 years$142,253$136,841$131,667$126,721$121,992$105,039
5 years$112,665$107,285$102,179$97,334$92,736$76,573
6 years$92,945$87,606$82,576$77,839$73,379$58,020
7 years$78,866$73,571$68,621$63,996$59,677$45,120
8 years$68,311$63,064$58,196$53,684$49,508$35,742
9 years$60,106$54,909$50,124$45,727$41,693$28,703
10 years$53,546$48,399$43,699$39,417$35,524$23,290
11 years$48,182$43,087$38,472$34,305$30,552$19,051
12 years$43,715$38,673$34,143$30,090$26,476$15,683
13 years$39,939$34,949$30,505$26,565$23,087$12,976
14 years$36,704$31,768$27,409$23,581$20,238$10,780
15 years$33,904$29,020$24,746$21,030$17,819$8,986
16 years$31,456$26,625$22,436$18,830$15,749$7,511
17 years$29,298$24,521$20,416$16,919$13,964$6,292
18 years$27,382$22,659$18,637$15,247$12,416$5,281
19 years$25,670$21,000$17,061$13,777$11,067$4,439
20 years$24,131$19,514$15,658$12,478$9,885$3,736
21 years$22,740$18,177$14,402$11,325$8,846$3,148
22 years$21,477$16,967$13,274$10,297$7,929$2,655
23 years$20,326$15,869$12,256$9,377$7,118$2,241
24 years$19,273$14,868$11,335$8,553$6,398$1,892
25 years$18,305$13,953$10,498$7,811$5,757$1,599
26 years$17,413$13,114$9,737$7,142$5,186$1,352
27 years$16,589$12,341$9,041$6,537$4,675$1,143
28 years$15,824$11,629$8,405$5,989$4,218$967
29 years$15,114$10,971$7,822$5,492$3,809$818
30 years$14,453$10,361$7,286$5,041$3,442$693
31 years$13,835$9,794$6,792$4,629$3,112$586
32 years$13,257$9,268$6,337$4,255$2,815$496
33 years$12,715$8,777$5,917$3,912$2,547$420
34 years$12,206$8,318$5,529$3,600$2,306$356
35 years$11,728$7,890$5,169$3,314$2,089$302
36 years$11,276$7,488$4,835$3,052$1,893$255
37 years$10,851$7,112$4,526$2,812$1,715$216
38 years$10,448$6,759$4,238$2,592$1,555$183
39 years$10,068$6,427$3,971$2,390$1,410$155
40 years$9,707$6,115$3,722$2,204$1,279$132
41 years$9,364$5,821$3,490$2,034$1,161$111
42 years$9,039$5,544$3,274$1,877$1,053$94
43 years$8,730$5,282$3,072$1,733$956$80
44 years$8,436$5,035$2,883$1,600$867$68
45 years$8,155$4,801$2,707$1,477$788$57
46 years$7,888$4,580$2,543$1,365$715$49
47 years$7,633$4,371$2,389$1,261$649$41
48 years$7,389$4,173$2,245$1,165$590$35
49 years$7,155$3,985$2,110$1,077$536$30
50 years$6,932$3,806$1,984$995$486$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,100,000, adding $5,694 every year, while hoping to spend $29,459 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: 83/10/7 Blend
52$7,100,000$7,100,000$7,100,000$7,100,000
53$7,830,073$7,453,773$7,343,723$8,474,498
54$8,597,397$7,787,664$7,558,394$9,230,314
55$9,442,000$8,136,928$7,779,269$10,055,546
56$10,371,734$8,502,288$8,006,524$10,960,797
57$11,395,250$8,884,499$8,240,342$11,954,073
58$12,522,082$9,284,356$8,480,910$13,044,189
59$13,762,732$9,702,687$8,728,418$14,240,854
60$15,128,776$10,140,364$8,983,066$15,554,760
61$16,632,967$10,598,298$9,245,054$16,997,684
62$18,289,359$11,077,444$9,514,593$18,582,594
63$20,113,437$11,578,802$9,791,896$20,323,776
64$22,122,267$12,103,422$10,077,183$22,236,963
65$24,334,650$12,652,402$10,370,680$24,339,487
66$26,771,308$13,226,894$10,672,622$26,650,436
67$29,455,072$13,828,102$10,983,246$29,190,838
68$32,411,103$14,457,293$11,302,798$31,983,857
69$35,667,124$15,115,789$11,631,530$35,055,008
70$39,253,688$15,804,980$11,969,704$38,432,400
71$43,204,459$16,526,319$12,317,584$42,146,998
72$47,556,537$17,281,331$12,675,446$46,232,913
73$52,350,800$18,071,613$13,043,570$50,727,725
74$57,632,299$18,898,839$13,422,247$55,672,836
75$63,450,675$19,764,764$13,811,773$61,113,856
76$69,860,631$20,671,225$14,212,455$67,101,036
77$76,922,450$21,620,149$14,624,606$73,689,737
78$84,702,559$22,613,555$15,048,550$80,940,956
79$93,274,160$23,653,560$15,484,617$88,921,892
80$102,717,922$24,742,381$15,933,148$97,706,586
81$113,122,735$25,882,343$16,394,494$107,376,614
82$124,586,558$27,075,883$16,869,014$118,021,855
83$137,217,339$28,325,552$17,357,078$129,741,341
84$151,134,032$29,634,029$17,859,064$142,644,182
85$166,467,724$31,004,117$18,375,364$156,850,601
86$183,362,871$32,438,758$18,906,377$172,493,063
87$201,978,659$33,941,032$19,452,516$189,717,523
88$222,490,509$35,514,170$20,014,203$208,684,802
89$245,091,734$37,161,557$20,591,872$229,572,101
90$269,995,361$38,886,744$21,185,969$252,574,673
91$297,436,142$40,693,448$21,796,953$277,907,660
92$327,672,772$42,585,571$22,425,295$305,808,124
93$360,990,331$44,567,200$23,071,478$336,537,277
94$397,702,970$46,642,618$23,735,998$370,382,950
95$438,156,885$48,816,318$24,419,366$407,662,301
96$482,733,578$51,093,009$25,122,106$448,724,808
97$531,853,462$53,477,625$25,844,755$493,955,560
98$585,979,827$55,975,340$26,587,866$543,778,896
99$645,623,216$58,591,579$27,352,007$598,662,399
100$711,346,245$61,332,027$28,137,759$659,121,309