Can I retire at age 53 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$594,569$589,273$584,106$579,063$574,138$551,576
2 years$294,341$288,859$283,547$278,396$273,399$250,945
3 years$194,278$188,773$183,473$178,371$173,456$151,815
4 years$144,257$138,768$133,522$128,506$123,710$103,049
5 years$114,251$108,796$103,618$98,705$94,042$74,413
6 years$94,255$88,840$83,739$78,935$74,413$55,827
7 years$79,977$74,608$69,587$64,897$60,517$42,970
8 years$69,273$63,953$59,016$54,440$50,205$33,678
9 years$60,953$55,682$50,830$46,371$42,280$26,749
10 years$54,300$49,081$44,315$39,972$36,025$21,459
11 years$48,860$43,694$39,014$34,788$30,982$17,349
12 years$44,331$39,217$34,624$30,514$26,849$14,111
13 years$40,501$35,441$30,934$26,939$23,413$11,533
14 years$37,221$32,215$27,795$23,913$20,523$9,461
15 years$34,381$29,429$25,095$21,327$18,070$7,786
16 years$31,899$27,000$22,752$19,096$15,971$6,424
17 years$29,711$24,866$20,704$17,157$14,161$5,310
18 years$27,768$22,978$18,900$15,462$12,591$4,397
19 years$26,031$21,296$17,302$13,971$11,223$3,646
20 years$24,471$19,789$15,879$12,654$10,024$3,027
21 years$23,060$18,433$14,605$11,484$8,971$2,515
22 years$21,780$17,206$13,461$10,442$8,041$2,092
23 years$20,613$16,092$12,429$9,509$7,218$1,740
24 years$19,544$15,078$11,495$8,673$6,488$1,449
25 years$18,563$14,150$10,646$7,921$5,838$1,207
26 years$17,658$13,298$9,874$7,242$5,259$1,005
27 years$16,822$12,515$9,169$6,629$4,741$838
28 years$16,047$11,793$8,524$6,074$4,278$699
29 years$15,327$11,125$7,932$5,570$3,863$583
30 years$14,656$10,507$7,388$5,112$3,490$486
31 years$14,030$9,932$6,888$4,695$3,156$405
32 years$13,444$9,398$6,427$4,314$2,854$338
33 years$12,894$8,900$6,000$3,968$2,583$282
34 years$12,378$8,435$5,606$3,650$2,339$235
35 years$11,893$8,001$5,242$3,360$2,118$196
36 years$11,435$7,594$4,903$3,095$1,919$164
37 years$11,004$7,212$4,590$2,852$1,740$137
38 years$10,596$6,854$4,298$2,628$1,577$114
39 years$10,209$6,518$4,027$2,423$1,430$95
40 years$9,844$6,201$3,774$2,235$1,297$79
41 years$9,496$5,903$3,539$2,062$1,177$66
42 years$9,167$5,622$3,320$1,903$1,068$55
43 years$8,853$5,356$3,115$1,757$969$46
44 years$8,555$5,106$2,924$1,622$880$39
45 years$8,270$4,869$2,746$1,498$799$32
46 years$7,999$4,645$2,579$1,384$725$27
47 years$7,740$4,432$2,423$1,279$658$22
48 years$7,493$4,231$2,277$1,181$598$19
49 years$7,256$4,041$2,140$1,092$543$16
50 years$7,030$3,860$2,012$1,009$493$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,200,000, adding $4,820 every year, while hoping to spend $21,430 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: 72/16/12 Blend
52$7,200,000$7,200,000$7,200,000$7,200,000
53$7,939,372$7,557,772$7,446,172$8,490,962
54$8,726,386$7,905,301$7,672,817$9,204,218
55$9,592,958$8,269,141$7,906,337$9,981,880
56$10,547,179$8,650,069$8,146,939$10,832,834
57$11,597,967$9,048,898$8,394,837$11,764,320
58$12,755,147$9,466,481$8,650,251$12,784,304
59$14,029,546$9,903,712$8,913,408$13,901,554
60$15,433,095$10,361,529$9,184,542$15,125,723
61$16,978,940$10,840,914$9,463,895$16,467,438
62$18,681,570$11,342,897$9,751,713$17,938,397
63$20,556,947$11,868,556$10,048,252$19,551,478
64$22,622,664$12,419,023$10,353,777$21,320,863
65$24,898,104$12,995,483$10,668,556$23,262,163
66$27,404,628$13,599,180$10,992,871$25,392,572
67$30,165,776$14,231,416$11,327,008$27,731,021
68$33,207,486$14,893,556$11,671,264$30,298,355
69$36,558,342$15,587,033$12,025,944$33,117,533
70$40,249,842$16,313,346$12,391,361$36,213,838
71$44,316,695$17,074,069$12,767,841$39,615,113
72$48,797,149$17,870,850$13,155,715$43,352,025
73$53,733,355$18,705,418$13,555,329$47,458,349
74$59,171,760$19,579,586$13,967,034$51,971,287
75$65,163,546$20,495,252$14,391,196$56,931,813
76$71,765,116$21,454,408$14,828,190$62,385,062
77$79,038,626$22,459,142$15,278,402$68,380,746
78$87,052,568$23,511,642$15,742,231$74,973,629
79$95,882,420$24,614,203$16,220,086$82,224,033
80$105,611,357$25,769,229$16,712,389$90,198,410
81$116,331,038$26,979,244$17,219,576$98,969,960
82$128,142,466$28,246,889$17,742,095$108,619,326
83$141,156,949$29,574,938$18,280,406$119,235,344
84$155,497,143$30,966,295$18,834,985$130,915,882
85$171,298,215$32,424,008$19,406,321$143,768,760
86$188,709,119$33,951,270$19,994,919$157,912,762
87$207,893,997$35,551,430$20,601,296$173,478,750
88$229,033,734$37,227,999$21,225,989$190,610,904
89$252,327,663$38,984,659$21,869,547$209,468,066
90$277,995,445$40,825,268$22,532,538$230,225,245
91$306,279,148$42,753,873$23,215,545$253,075,257
92$337,445,526$44,774,718$23,919,171$278,230,542
93$371,788,540$46,892,250$24,644,033$305,925,167
94$409,632,134$49,111,133$25,390,771$336,417,021
95$451,333,291$51,436,258$26,160,042$369,990,253
96$497,285,405$53,872,753$26,952,521$406,957,941
97$547,921,992$56,425,993$27,768,907$447,665,044
98$603,720,786$59,101,617$28,609,915$492,491,650
99$665,208,245$61,905,535$29,476,286$541,856,557
100$732,964,525$64,843,946$30,368,781$596,221,217