Can I retire at age 53 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$611,085$605,642$600,331$595,148$590,086$571,655
2 years$302,517$296,883$291,423$286,129$280,994$262,588
3 years$199,675$194,016$188,570$183,325$178,274$160,472
4 years$148,264$142,623$137,231$132,076$127,146$110,085
5 years$117,425$111,818$106,497$101,447$96,655$80,379
6 years$96,873$91,308$86,065$81,128$76,480$61,004
7 years$82,198$76,680$71,520$66,700$62,198$47,521
8 years$71,197$65,729$60,655$55,953$51,600$37,711
9 years$62,646$57,229$52,242$47,659$43,454$30,340
10 years$55,808$50,444$45,546$41,083$37,025$24,665
11 years$50,218$44,908$40,098$35,754$31,843$20,215
12 years$45,562$40,307$35,586$31,361$27,594$16,674
13 years$41,626$36,426$31,794$27,687$24,063$13,824
14 years$38,255$33,110$28,567$24,578$21,093$11,509
15 years$35,336$30,246$25,792$21,919$18,572$9,613
16 years$32,785$27,751$23,384$19,626$16,414$8,053
17 years$30,536$25,557$21,279$17,634$14,554$6,761
18 years$28,539$23,616$19,425$15,892$12,941$5,687
19 years$26,754$21,887$17,782$14,360$11,534$4,791
20 years$25,150$20,339$16,320$13,005$10,303$4,042
21 years$23,701$18,945$15,011$11,803$9,220$3,414
22 years$22,385$17,684$13,835$10,732$8,264$2,886
23 years$21,185$16,540$12,774$9,774$7,418$2,441
24 years$20,087$15,496$11,814$8,914$6,668$2,067
25 years$19,078$14,543$10,942$8,141$6,000$1,750
26 years$18,149$13,668$10,148$7,444$5,405$1,483
27 years$17,289$12,863$9,423$6,813$4,873$1,257
28 years$16,493$12,121$8,760$6,242$4,397$1,066
29 years$15,753$11,434$8,152$5,724$3,970$905
30 years$15,063$10,799$7,594$5,254$3,587$768
31 years$14,419$10,208$7,079$4,825$3,243$651
32 years$13,817$9,659$6,605$4,434$2,934$553
33 years$13,252$9,147$6,167$4,078$2,655$469
34 years$12,722$8,670$5,762$3,752$2,404$398
35 years$12,223$8,223$5,387$3,454$2,177$338
36 years$11,753$7,805$5,040$3,181$1,973$287
37 years$11,309$7,413$4,717$2,931$1,788$244
38 years$10,890$7,045$4,417$2,701$1,621$207
39 years$10,493$6,699$4,139$2,491$1,470$176
40 years$10,117$6,373$3,879$2,297$1,333$150
41 years$9,760$6,067$3,637$2,120$1,210$127
42 years$9,421$5,778$3,412$1,956$1,098$108
43 years$9,099$5,505$3,202$1,806$996$92
44 years$8,792$5,248$3,005$1,667$904$78
45 years$8,500$5,004$2,822$1,540$821$66
46 years$8,221$4,774$2,650$1,422$745$56
47 years$7,955$4,556$2,490$1,314$677$48
48 years$7,701$4,349$2,340$1,214$615$41
49 years$7,458$4,153$2,199$1,122$558$34
50 years$7,225$3,967$2,068$1,037$507$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,400,000, adding $4,203 every year, while hoping to spend $50,614 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: 60/11/29 Blend
52$7,400,000$7,400,000$7,400,000$7,400,000
53$8,159,135$7,766,935$7,652,235$8,584,206
54$8,937,514$8,093,662$7,854,732$9,201,703
55$9,793,591$8,434,703$8,062,317$9,869,439
56$10,735,239$8,790,704$8,275,105$10,597,045
57$11,771,129$9,162,344$8,493,217$11,390,368
58$12,910,819$9,550,333$8,716,774$12,255,846
59$14,164,836$9,955,414$8,945,900$13,200,564
60$15,544,782$10,378,362$9,180,721$14,232,318
61$17,063,439$10,819,991$9,421,364$15,359,695
62$18,734,892$11,281,153$9,667,962$16,592,142
63$20,574,659$11,762,737$9,920,646$17,940,065
64$22,599,839$12,265,676$10,179,553$19,414,918
65$24,829,275$12,790,946$10,444,820$21,029,313
66$27,283,727$13,339,569$10,716,588$22,797,137
67$29,986,072$13,912,613$10,994,998$24,733,683
68$32,961,517$14,511,197$11,280,197$26,855,790
69$36,237,840$15,136,493$11,572,331$29,182,004
70$39,845,645$15,789,727$11,871,550$31,732,748
71$43,818,661$16,472,183$12,178,007$34,530,517
72$48,194,050$17,185,206$12,491,856$37,600,085
73$53,012,764$17,930,202$12,813,254$40,968,738
74$58,319,930$18,708,645$13,142,361$44,666,532
75$64,165,271$19,522,078$13,479,339$48,726,572
76$70,603,584$20,372,115$13,824,352$53,185,324
77$77,695,249$21,260,448$14,177,567$58,082,957
78$85,506,801$22,188,847$14,539,153$63,463,720
79$94,111,561$23,159,166$14,909,281$69,376,358
80$103,590,323$24,173,348$15,288,125$75,874,568
81$114,032,120$25,233,426$15,675,860$83,017,507
82$125,535,060$26,341,528$16,072,666$90,870,342
83$138,207,258$27,499,885$16,478,722$99,504,872
84$152,167,850$28,710,831$16,894,211$109,000,193
85$167,548,121$29,976,812$17,319,317$119,443,449
86$184,492,743$31,300,389$17,754,228$130,930,648
87$203,161,141$32,684,246$18,199,132$143,567,569
88$223,728,993$34,131,190$18,654,219$157,470,753
89$246,389,898$35,644,166$19,119,683$172,768,604
90$271,357,192$37,226,254$19,595,717$189,602,593
91$298,865,969$38,880,684$20,082,517$208,128,598
92$329,175,297$40,610,837$20,580,280$228,518,363
93$362,570,664$42,420,255$21,089,206$250,961,122
94$399,366,672$44,312,648$21,609,495$275,665,378
95$439,910,008$46,291,903$22,141,348$302,860,870
96$484,582,714$48,362,091$22,684,969$332,800,735
97$533,805,795$50,527,478$23,240,560$365,763,895
98$588,043,194$52,792,532$23,808,326$402,057,687
99$647,806,167$55,161,933$24,388,472$442,020,755
100$713,658,115$57,640,586$24,981,205$486,026,248