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%12.5%
1 years$619,343$613,826$608,444$603,190$598,061$591,815
2 years$306,605$300,895$295,361$289,995$284,791$278,501
3 years$202,373$196,638$191,118$185,803$180,683$174,544
4 years$150,267$144,550$139,085$133,860$128,865$122,925
5 years$119,012$113,329$107,936$102,818$97,961$92,237
6 years$98,182$92,542$87,228$82,224$77,513$72,012
7 years$83,309$77,716$72,487$67,601$63,039$57,763
8 years$72,160$66,617$61,475$56,709$52,297$47,246
9 years$63,492$58,002$52,948$48,303$44,041$39,214
10 years$56,562$51,126$46,161$41,638$37,526$32,918
11 years$50,896$45,515$40,640$36,237$32,273$27,882
12 years$46,178$40,851$36,067$31,785$27,967$23,788
13 years$42,189$36,918$32,223$28,062$24,388$20,415
14 years$38,772$33,557$28,953$24,910$21,378$17,607
15 years$35,814$30,655$26,140$22,215$18,823$15,247
16 years$33,228$28,126$23,700$19,891$16,636$13,250
17 years$30,948$25,903$21,566$17,872$14,751$11,548
18 years$28,925$23,935$19,687$16,106$13,116$10,090
19 years$27,116$22,183$18,023$14,554$11,690$8,835
20 years$25,490$20,613$16,540$13,181$10,442$7,750
21 years$24,021$19,201$15,214$11,963$9,344$6,810
22 years$22,687$17,923$14,022$10,877$8,376$5,992
23 years$21,471$16,763$12,947$9,906$7,519$5,279
24 years$20,358$15,706$11,974$9,035$6,758$4,655
25 years$19,336$14,739$11,090$8,251$6,081$4,109
26 years$18,394$13,852$10,285$7,544$5,478$3,630
27 years$17,523$13,037$9,551$6,905$4,939$3,209
28 years$16,716$12,284$8,879$6,327$4,456$2,839
29 years$15,966$11,589$8,262$5,802$4,024$2,513
30 years$15,267$10,945$7,696$5,325$3,636$2,225
31 years$14,614$10,346$7,175$4,890$3,287$1,971
32 years$14,004$9,790$6,694$4,494$2,973$1,747
33 years$13,431$9,271$6,251$4,133$2,691$1,549
34 years$12,894$8,787$5,840$3,803$2,436$1,374
35 years$12,388$8,334$5,460$3,500$2,207$1,219
36 years$11,912$7,910$5,108$3,224$1,999$1,081
37 years$11,462$7,513$4,781$2,970$1,812$960
38 years$11,037$7,140$4,477$2,738$1,643$852
39 years$10,635$6,789$4,194$2,524$1,490$756
40 years$10,254$6,460$3,931$2,328$1,351$671
41 years$9,892$6,149$3,686$2,148$1,226$596
42 years$9,549$5,856$3,458$1,983$1,112$529
43 years$9,222$5,580$3,245$1,830$1,010$470
44 years$8,911$5,319$3,046$1,690$916$418
45 years$8,615$5,072$2,860$1,561$832$371
46 years$8,332$4,838$2,686$1,442$755$330
47 years$8,063$4,617$2,524$1,332$686$293
48 years$7,805$4,408$2,372$1,231$623$260
49 years$7,558$4,209$2,229$1,137$566$231
50 years$7,323$4,021$2,096$1,051$514$205

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 $6,900 every year, while hoping to spend $39,382 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: 54/27/19 Blend
52$7,500,000$7,500,000$7,500,000$7,500,000
53$8,272,117$7,874,617$7,758,367$8,675,840
54$9,073,971$8,218,571$7,976,371$9,296,894
55$9,956,294$8,578,059$8,200,357$9,967,846
56$10,927,253$8,953,801$8,430,485$10,697,356
57$11,995,844$9,346,549$8,666,919$11,491,024
58$13,171,984$9,757,093$8,909,824$12,355,006
59$14,466,596$10,186,260$9,159,372$13,296,070
60$15,891,716$10,634,915$9,415,739$14,321,660
61$17,460,609$11,103,964$9,679,104$15,439,960
62$19,187,889$11,594,356$9,949,652$16,659,972
63$21,089,661$12,107,086$10,227,572$17,991,599
64$23,183,668$12,643,194$10,513,057$19,445,732
65$25,489,463$13,203,773$10,806,306$21,034,356
66$28,028,594$13,789,963$11,107,523$22,770,655
67$30,824,800$14,402,961$11,416,915$24,669,138
68$33,904,245$15,044,021$11,734,696$26,745,770
69$37,295,755$15,714,455$12,061,086$29,018,120
70$41,031,097$16,415,639$12,396,307$31,505,527
71$45,145,276$17,149,012$12,740,591$34,229,273
72$49,676,866$17,916,085$13,094,172$37,212,787
73$54,668,370$18,718,437$13,457,291$40,481,858
74$60,166,629$19,557,726$13,830,195$44,064,877
75$66,223,256$20,435,685$14,213,138$47,993,099
76$72,895,127$21,354,133$14,606,377$52,300,935
77$80,244,918$22,314,973$15,010,178$57,026,275
78$88,341,694$23,320,201$15,424,813$62,210,836
79$97,261,562$24,371,906$15,850,560$67,900,555
80$107,088,391$25,472,279$16,287,703$74,146,016
81$117,914,600$26,623,614$16,736,535$81,002,925
82$129,842,033$27,828,315$17,197,352$88,532,626
83$142,982,919$29,088,901$17,670,462$96,802,677
84$157,460,931$30,408,011$18,156,176$105,887,483
85$173,412,353$31,788,411$18,654,815$115,868,991
86$190,987,367$33,232,998$19,166,707$126,837,457
87$210,351,473$34,744,809$19,692,185$138,892,290
88$231,687,044$36,327,025$20,231,594$152,142,988
89$255,195,055$37,982,981$20,785,285$166,710,160
90$281,096,974$39,716,172$21,353,616$182,726,658
91$309,636,858$41,530,257$21,936,955$200,338,824
92$341,083,652$43,429,074$22,535,677$219,707,863
93$375,733,730$45,416,644$23,150,168$241,011,355
94$413,913,692$47,497,180$23,780,819$264,444,925
95$455,983,446$49,675,099$24,428,034$290,224,078
96$502,339,607$51,955,029$25,092,223$318,586,222
97$553,419,241$54,341,819$25,773,807$349,792,903
98$609,703,989$56,840,554$26,473,215$384,132,260
99$671,724,615$59,456,560$27,190,886$421,921,737
100$740,066,015$62,195,421$27,927,271$463,511,064