Can I retire at age 53 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$602,827$597,458$592,219$587,105$582,112$570,826
2 years$298,429$292,871$287,485$282,262$277,196$265,871
3 years$196,977$191,395$186,022$180,848$175,865$164,854
4 years$146,260$140,695$135,376$130,291$125,428$114,817
5 years$115,838$110,307$105,057$100,076$95,349$85,167
6 years$95,564$90,074$84,902$80,031$75,446$65,705
7 years$81,087$75,644$70,554$65,798$61,358$52,060
8 years$70,235$64,841$59,835$55,197$50,902$42,045
9 years$61,799$56,456$51,536$47,015$42,867$34,444
10 years$55,054$49,763$44,930$40,528$36,525$28,529
11 years$49,539$44,301$39,556$35,271$31,413$23,834
12 years$44,947$39,762$35,105$30,938$27,221$20,050
13 years$41,064$35,933$31,364$27,313$23,738$16,961
14 years$37,738$32,662$28,181$24,246$20,808$14,414
15 years$34,859$29,838$25,443$21,623$18,321$12,296
16 years$32,342$27,376$23,068$19,361$16,192$10,522
17 years$30,123$25,212$20,991$17,396$14,357$9,029
18 years$28,153$23,297$19,162$15,677$12,766$7,765
19 years$26,393$21,591$17,542$14,165$11,378$6,690
20 years$24,810$20,064$16,099$12,830$10,163$5,774
21 years$23,381$18,689$14,808$11,644$9,095$4,990
22 years$22,082$17,445$13,648$10,587$8,153$4,317
23 years$20,899$16,316$12,602$9,642$7,318$3,739
24 years$19,816$15,287$11,654$8,794$6,578$3,242
25 years$18,821$14,346$10,794$8,031$5,919$2,812
26 years$17,904$13,483$10,011$7,343$5,332$2,441
27 years$17,056$12,689$9,296$6,721$4,807$2,121
28 years$16,270$11,957$8,642$6,158$4,337$1,843
29 years$15,540$11,280$8,042$5,647$3,916$1,602
30 years$14,860$10,653$7,491$5,183$3,539$1,393
31 years$14,225$10,070$6,984$4,760$3,199$1,212
32 years$13,630$9,529$6,516$4,374$2,894$1,055
33 years$13,073$9,024$6,084$4,023$2,619$918
34 years$12,550$8,552$5,684$3,701$2,371$799
35 years$12,058$8,112$5,314$3,407$2,148$696
36 years$11,594$7,699$4,972$3,138$1,946$606
37 years$11,156$7,313$4,653$2,891$1,764$528
38 years$10,743$6,950$4,358$2,665$1,599$460
39 years$10,351$6,608$4,083$2,457$1,450$401
40 years$9,980$6,287$3,827$2,266$1,315$349
41 years$9,628$5,985$3,588$2,091$1,193$304
42 years$9,294$5,700$3,366$1,930$1,083$265
43 years$8,976$5,431$3,158$1,781$983$231
44 years$8,673$5,177$2,965$1,645$892$201
45 years$8,385$4,936$2,784$1,519$810$176
46 years$8,110$4,709$2,615$1,403$735$153
47 years$7,848$4,494$2,456$1,296$668$133
48 years$7,597$4,290$2,308$1,198$606$116
49 years$7,357$4,097$2,170$1,107$551$101
50 years$7,127$3,913$2,040$1,023$500$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,300,000, adding $3,984 every year, while hoping to spend $34,946 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: 32/48/20 Blend
52$7,300,000$7,300,000$7,300,000$7,300,000
53$8,048,709$7,661,809$7,548,659$8,256,221
54$8,832,496$8,000,056$7,764,357$8,750,109
55$9,695,057$8,353,705$7,986,110$9,278,262
56$10,644,391$8,723,475$8,214,083$9,846,420
57$11,689,311$9,110,117$8,448,447$10,458,104
58$12,839,527$9,514,420$8,689,376$11,117,172
59$14,105,740$9,937,207$8,937,051$11,827,848
60$15,499,738$10,379,343$9,191,656$12,594,765
61$17,034,514$10,841,734$9,453,378$13,422,998
62$18,724,381$11,325,326$9,722,414$14,318,112
63$20,585,114$11,831,113$9,998,960$15,286,211
64$22,634,093$12,360,135$10,283,223$16,333,991
65$24,890,471$12,913,482$10,575,412$17,468,797
66$27,375,353$13,492,295$10,875,741$18,698,692
67$30,111,992$14,097,772$11,184,432$20,032,523
68$33,126,016$14,731,163$11,501,711$21,480,006
69$36,445,663$15,393,783$11,827,812$23,051,807
70$40,102,048$16,087,006$12,162,971$24,759,641
71$44,129,461$16,812,274$12,507,435$26,616,376
72$48,565,686$17,571,095$12,861,453$28,636,148
73$53,452,359$18,365,051$13,225,285$30,834,490
74$58,835,361$19,195,800$13,599,193$33,228,470
75$64,765,251$20,065,078$13,983,450$35,836,848
76$71,297,744$20,974,704$14,378,332$38,680,245
77$78,494,233$21,926,584$14,784,126$41,781,329
78$86,422,375$22,922,716$15,201,124$45,165,025
79$95,156,721$23,965,193$15,629,626$48,858,739
80$104,779,427$25,056,209$16,069,939$52,892,611
81$115,381,027$26,198,061$16,522,380$57,299,788
82$127,061,283$27,393,157$16,987,271$62,116,732
83$139,930,135$28,644,022$17,464,945$67,383,550
84$154,108,730$29,953,301$17,955,742$73,144,367
85$169,730,572$31,323,764$18,460,012$79,447,728
86$186,942,778$32,758,317$18,978,110$86,347,050
87$205,907,470$34,260,003$19,510,405$93,901,112
88$226,803,302$35,832,013$20,057,273$102,174,599
89$249,827,146$37,477,688$20,619,099$111,238,698
90$275,195,954$39,200,534$21,196,278$121,171,763
91$303,148,803$41,004,223$21,789,216$132,060,034
92$333,949,153$42,892,602$22,398,326$143,998,442
93$367,887,333$44,869,705$23,024,037$157,091,486
94$405,283,281$46,939,761$23,666,782$171,454,210
95$446,489,566$49,107,200$24,327,010$187,213,267
96$491,894,715$51,376,666$25,005,178$204,508,100
97$541,926,881$53,753,027$25,701,756$223,492,242
98$597,057,883$56,241,386$26,417,225$244,334,743
99$657,807,662$58,847,089$27,152,077$267,221,752
100$724,749,191$61,575,743$27,906,819$292,358,246