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%11.1%
1 years$594,569$589,273$584,106$579,063$574,138$571,478
2 years$294,341$288,859$283,547$278,396$273,399$270,715
3 years$194,278$188,773$183,473$178,371$173,456$170,829
4 years$144,257$138,768$133,522$128,506$123,710$121,162
5 years$114,251$108,796$103,618$98,705$94,042$91,580
6 years$94,255$88,840$83,739$78,935$74,413$72,039
7 years$79,977$74,608$69,587$64,897$60,517$58,234
8 years$69,273$63,953$59,016$54,440$50,205$48,013
9 years$60,953$55,682$50,830$46,371$42,280$40,177
10 years$54,300$49,081$44,315$39,972$36,025$34,011
11 years$48,860$43,694$39,014$34,788$30,982$29,056
12 years$44,331$39,217$34,624$30,514$26,849$25,009
13 years$40,501$35,441$30,934$26,939$23,413$21,657
14 years$37,221$32,215$27,795$23,913$20,523$18,850
15 years$34,381$29,429$25,095$21,327$18,070$16,478
16 years$31,899$27,000$22,752$19,096$15,971$14,456
17 years$29,711$24,866$20,704$17,157$14,161$12,722
18 years$27,768$22,978$18,900$15,462$12,591$11,226
19 years$26,031$21,296$17,302$13,971$11,223$9,929
20 years$24,471$19,789$15,879$12,654$10,024$8,800
21 years$23,060$18,433$14,605$11,484$8,971$7,812
22 years$21,780$17,206$13,461$10,442$8,041$6,946
23 years$20,613$16,092$12,429$9,509$7,218$6,184
24 years$19,544$15,078$11,495$8,673$6,488$5,513
25 years$18,563$14,150$10,646$7,921$5,838$4,919
26 years$17,658$13,298$9,874$7,242$5,259$4,394
27 years$16,822$12,515$9,169$6,629$4,741$3,928
28 years$16,047$11,793$8,524$6,074$4,278$3,514
29 years$15,327$11,125$7,932$5,570$3,863$3,145
30 years$14,656$10,507$7,388$5,112$3,490$2,817
31 years$14,030$9,932$6,888$4,695$3,156$2,524
32 years$13,444$9,398$6,427$4,314$2,854$2,263
33 years$12,894$8,900$6,000$3,968$2,583$2,030
34 years$12,378$8,435$5,606$3,650$2,339$1,821
35 years$11,893$8,001$5,242$3,360$2,118$1,634
36 years$11,435$7,594$4,903$3,095$1,919$1,467
37 years$11,004$7,212$4,590$2,852$1,740$1,318
38 years$10,596$6,854$4,298$2,628$1,577$1,184
39 years$10,209$6,518$4,027$2,423$1,430$1,063
40 years$9,844$6,201$3,774$2,235$1,297$956
41 years$9,496$5,903$3,539$2,062$1,177$859
42 years$9,167$5,622$3,320$1,903$1,068$772
43 years$8,853$5,356$3,115$1,757$969$694
44 years$8,555$5,106$2,924$1,622$880$624
45 years$8,270$4,869$2,746$1,498$799$561
46 years$7,999$4,645$2,579$1,384$725$505
47 years$7,740$4,432$2,423$1,279$658$454
48 years$7,493$4,231$2,277$1,181$598$408
49 years$7,256$4,041$2,140$1,092$543$367
50 years$7,030$3,860$2,012$1,009$493$330

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 $2,353 every year, while hoping to spend $30,805 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: 56/32/12 Blend
52$7,200,000$7,200,000$7,200,000$7,200,000
53$7,936,827$7,555,227$7,443,627$8,357,086
54$8,713,607$7,892,657$7,660,212$8,979,286
55$9,568,586$8,245,588$7,883,021$9,653,095
56$10,509,709$8,614,749$8,112,228$10,386,308
57$11,545,727$9,000,899$8,348,016$11,184,605
58$12,686,285$9,404,838$8,590,569$12,054,229
59$13,942,012$9,827,401$8,840,079$13,002,043
60$15,324,618$10,269,463$9,096,741$14,035,592
61$16,847,005$10,731,944$9,360,759$15,163,172
62$18,523,394$11,215,803$9,632,338$16,393,907
63$20,369,450$11,722,048$9,911,692$17,737,829
64$22,402,440$12,251,734$10,199,039$19,205,974
65$24,641,387$12,805,966$10,494,605$20,810,482
66$27,107,254$13,385,904$10,798,620$22,564,707
67$29,823,141$13,992,761$11,111,321$24,483,341
68$32,814,504$14,627,809$11,432,953$26,582,552
69$36,109,392$15,292,381$11,763,766$28,880,126
70$39,738,715$15,987,872$12,104,017$31,395,640
71$43,736,533$16,715,746$12,453,970$34,150,638
72$48,140,379$17,477,538$12,813,898$37,168,830
73$52,991,613$18,274,852$13,184,079$40,476,315
74$58,335,811$19,109,374$13,564,799$44,101,819
75$64,223,198$19,982,868$13,956,354$48,076,966
76$70,709,119$20,897,182$14,359,046$52,436,568
77$77,854,560$21,854,256$14,773,186$57,218,952
78$85,726,730$22,856,119$15,199,092$62,466,313
79$94,399,687$23,904,900$15,637,093$68,225,111
80$103,955,045$25,002,829$16,087,524$74,546,501
81$114,482,736$26,152,244$16,550,733$81,486,810
82$126,081,866$27,355,596$17,027,074$89,108,066
83$138,861,648$28,615,451$17,516,913$97,478,572
84$152,942,429$29,934,501$18,020,622$106,673,547
85$168,456,832$31,315,567$18,538,588$116,775,831
86$185,551,004$32,761,605$19,071,206$127,876,655
87$204,385,996$34,275,713$19,618,881$140,076,498
88$225,139,284$35,861,140$20,182,030$153,486,025
89$248,006,444$37,521,289$20,761,081$168,227,127
90$273,202,997$39,259,728$21,356,473$184,434,059
91$300,966,446$41,080,197$21,968,657$202,254,699
92$331,558,513$42,986,616$22,598,097$221,851,935
93$365,267,616$44,983,095$23,245,269$243,405,195
94$402,411,587$47,073,941$23,910,659$267,112,125
95$443,340,674$49,263,669$24,594,771$293,190,448
96$488,440,844$51,557,011$25,298,118$321,880,007
97$538,137,435$53,958,928$26,021,229$353,445,014
98$592,899,159$56,474,622$26,764,646$388,176,537
99$653,242,538$59,109,543$27,528,927$426,395,230
100$719,736,773$61,869,407$28,314,642$468,454,348