Can I retire at age 53 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$619,343$613,826$608,444$603,190$598,061$586,946
2 years$306,605$300,895$295,361$289,995$284,791$273,634
3 years$202,373$196,638$191,118$185,803$180,683$169,833
4 years$150,267$144,550$139,085$133,860$128,865$118,404
5 years$119,012$113,329$107,936$102,818$97,961$87,920
6 years$98,182$92,542$87,228$82,224$77,513$67,903
7 years$83,309$77,716$72,487$67,601$63,039$53,862
8 years$72,160$66,617$61,475$56,709$52,297$43,550
9 years$63,492$58,002$52,948$48,303$44,041$35,720
10 years$56,562$51,126$46,161$41,638$37,526$29,622
11 years$50,896$45,515$40,640$36,237$32,273$24,779
12 years$46,178$40,851$36,067$31,785$27,967$20,871
13 years$42,189$36,918$32,223$28,062$24,388$17,679
14 years$38,772$33,557$28,953$24,910$21,378$15,045
15 years$35,814$30,655$26,140$22,215$18,823$12,852
16 years$33,228$28,126$23,700$19,891$16,636$11,014
17 years$30,948$25,903$21,566$17,872$14,751$9,464
18 years$28,925$23,935$19,687$16,106$13,116$8,151
19 years$27,116$22,183$18,023$14,554$11,690$7,033
20 years$25,490$20,613$16,540$13,181$10,442$6,079
21 years$24,021$19,201$15,214$11,963$9,344$5,261
22 years$22,687$17,923$14,022$10,877$8,376$4,559
23 years$21,471$16,763$12,947$9,906$7,519$3,955
24 years$20,358$15,706$11,974$9,035$6,758$3,434
25 years$19,336$14,739$11,090$8,251$6,081$2,984
26 years$18,394$13,852$10,285$7,544$5,478$2,595
27 years$17,523$13,037$9,551$6,905$4,939$2,257
28 years$16,716$12,284$8,879$6,327$4,456$1,965
29 years$15,966$11,589$8,262$5,802$4,024$1,711
30 years$15,267$10,945$7,696$5,325$3,636$1,491
31 years$14,614$10,346$7,175$4,890$3,287$1,299
32 years$14,004$9,790$6,694$4,494$2,973$1,132
33 years$13,431$9,271$6,251$4,133$2,691$987
34 years$12,894$8,787$5,840$3,803$2,436$861
35 years$12,388$8,334$5,460$3,500$2,207$751
36 years$11,912$7,910$5,108$3,224$1,999$655
37 years$11,462$7,513$4,781$2,970$1,812$572
38 years$11,037$7,140$4,477$2,738$1,643$499
39 years$10,635$6,789$4,194$2,524$1,490$435
40 years$10,254$6,460$3,931$2,328$1,351$380
41 years$9,892$6,149$3,686$2,148$1,226$332
42 years$9,549$5,856$3,458$1,983$1,112$289
43 years$9,222$5,580$3,245$1,830$1,010$253
44 years$8,911$5,319$3,046$1,690$916$221
45 years$8,615$5,072$2,860$1,561$832$193
46 years$8,332$4,838$2,686$1,442$755$168
47 years$8,063$4,617$2,524$1,332$686$147
48 years$7,805$4,408$2,372$1,231$623$128
49 years$7,558$4,209$2,229$1,137$566$112
50 years$7,323$4,021$2,096$1,051$514$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,500,000, adding $4,042 every year, while hoping to spend $29,061 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: 60/26/14 Blend
52$7,500,000$7,500,000$7,500,000$7,500,000
53$8,269,169$7,871,669$7,755,419$8,736,298
54$9,081,704$8,226,460$7,984,305$9,406,188
55$9,976,143$8,597,662$8,219,885$10,132,995
56$10,960,810$8,986,048$8,462,352$10,925,147
57$12,044,877$9,392,429$8,711,905$11,788,958
58$13,238,450$9,817,653$8,968,749$12,731,371
59$14,552,665$10,262,611$9,233,095$13,760,022
60$15,999,792$10,728,234$9,505,158$14,883,311
61$17,593,353$11,215,500$9,785,163$16,110,476
62$19,348,246$11,725,431$10,073,338$17,451,682
63$21,280,891$12,259,101$10,369,919$18,918,110
64$23,409,378$12,817,633$10,675,147$20,522,065
65$25,753,643$13,402,205$10,989,272$22,277,084
66$28,335,652$14,014,051$11,312,551$24,198,066
67$31,179,613$14,654,464$11,645,246$26,301,408
68$34,312,201$15,324,800$11,987,629$28,605,156
69$37,762,809$16,026,479$12,339,978$31,129,174
70$41,563,828$16,760,989$12,702,580$33,895,325
71$45,750,951$17,529,890$13,075,729$36,927,677
72$50,363,511$18,334,817$13,459,728$40,252,728
73$55,444,849$19,177,483$13,854,889$43,899,648
74$61,042,728$20,059,685$14,261,533$47,900,552
75$67,209,780$20,983,303$14,679,988$52,290,803
76$74,004,003$21,950,310$15,110,592$57,109,336
77$81,489,309$22,962,773$15,553,695$62,399,024
78$89,736,129$24,022,859$16,009,655$68,207,078
79$98,822,075$25,132,840$16,478,838$74,585,489
80$108,832,672$26,295,094$16,961,625$81,591,509
81$119,862,168$27,512,118$17,458,403$89,288,194
82$132,014,422$28,786,525$17,969,573$97,744,985
83$145,403,886$30,121,057$18,495,546$107,038,364
84$160,156,681$31,518,587$19,036,745$117,252,568
85$176,411,791$32,982,127$19,593,605$128,480,379
86$194,322,374$34,514,832$20,166,572$140,823,990
87$214,057,210$36,120,012$20,756,105$154,395,966
88$235,802,288$37,801,136$21,362,678$169,320,300
89$259,762,569$39,561,838$21,986,775$185,733,571
90$286,163,914$41,405,932$22,628,895$203,786,234
91$315,255,222$43,337,411$23,289,551$223,644,023
92$347,310,774$45,360,464$23,969,271$245,489,511
93$382,632,828$47,479,481$24,668,596$269,523,828
94$421,554,466$49,699,066$25,388,084$295,968,545
95$464,442,744$52,024,042$26,128,308$325,067,756
96$511,702,153$54,459,469$26,889,854$357,090,376
97$563,778,438$57,010,648$27,673,330$392,332,667
98$621,162,808$59,683,140$28,479,356$431,121,023
99$684,396,571$62,482,770$29,308,571$473,815,037
100$754,076,246$65,415,650$30,161,633$520,810,891