Can I retire at age 53 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$627,601$622,011$616,556$611,233$606,035$602,721
2 years$310,694$304,907$299,299$293,862$288,588$285,244
3 years$205,072$199,260$193,666$188,280$183,092$179,822
4 years$152,271$146,477$140,940$135,645$130,583$127,411
5 years$120,599$114,840$109,375$104,189$99,267$96,203
6 years$99,491$93,775$88,391$83,320$78,547$75,595
7 years$84,420$78,753$73,453$68,502$63,879$61,041
8 years$73,122$67,505$62,294$57,465$52,994$50,270
9 years$64,339$58,776$53,654$48,947$44,629$42,017
10 years$57,317$51,808$46,777$42,193$38,026$35,526
11 years$51,575$46,121$41,182$36,721$32,704$30,314
12 years$46,794$41,396$36,548$32,209$28,340$26,059
13 years$42,751$37,410$32,653$28,436$24,713$22,538
14 years$39,289$34,005$29,339$25,242$21,663$19,591
15 years$36,291$31,064$26,489$22,511$19,074$17,103
16 years$33,671$28,501$24,016$20,157$16,858$14,984
17 years$31,361$26,248$21,854$18,110$14,947$13,169
18 years$29,310$24,254$19,950$16,321$13,290$11,604
19 years$27,477$22,479$18,263$14,748$11,846$10,249
20 years$25,830$20,888$16,761$13,357$10,581$9,070
21 years$24,341$19,457$15,417$12,122$9,469$8,040
22 years$22,990$18,162$14,209$11,022$8,488$7,138
23 years$21,758$16,987$13,119$10,038$7,619$6,346
24 years$20,630$15,915$12,133$9,155$6,848$5,648
25 years$19,594$14,936$11,238$8,361$6,162$5,032
26 years$18,639$14,037$10,422$7,645$5,551$4,488
27 years$17,757$13,211$9,678$6,997$5,004$4,005
28 years$16,939$12,448$8,997$6,411$4,516$3,577
29 years$16,179$11,744$8,373$5,879$4,077$3,197
30 years$15,470$11,091$7,799$5,396$3,684$2,859
31 years$14,809$10,484$7,271$4,955$3,331$2,558
32 years$14,190$9,920$6,784$4,554$3,013$2,289
33 years$13,610$9,395$6,334$4,188$2,727$2,050
34 years$13,066$8,904$5,918$3,853$2,469$1,836
35 years$12,553$8,445$5,533$3,547$2,236$1,645
36 years$12,071$8,016$5,176$3,267$2,026$1,475
37 years$11,615$7,613$4,845$3,010$1,836$1,322
38 years$11,184$7,235$4,537$2,774$1,665$1,185
39 years$10,777$6,880$4,250$2,558$1,510$1,063
40 years$10,390$6,546$3,984$2,359$1,369$954
41 years$10,024$6,231$3,736$2,177$1,242$856
42 years$9,676$5,934$3,504$2,009$1,127$768
43 years$9,345$5,654$3,288$1,855$1,023$689
44 years$9,030$5,389$3,087$1,712$929$618
45 years$8,730$5,139$2,898$1,581$843$555
46 years$8,443$4,903$2,722$1,461$765$498
47 years$8,170$4,679$2,557$1,350$695$447
48 years$7,909$4,466$2,403$1,247$631$402
49 years$7,659$4,265$2,259$1,153$573$361
50 years$7,420$4,074$2,124$1,065$521$324

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,600,000, adding $6,617 every year, while hoping to spend $44,589 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: 65/17/18 Blend
52$7,600,000$7,600,000$7,600,000$7,600,000
53$8,382,025$7,979,225$7,861,425$8,888,891
54$9,189,550$8,322,765$8,077,341$9,573,128
55$10,077,947$8,681,644$8,298,995$10,314,840
56$11,055,419$9,056,566$8,526,533$11,124,317
57$12,131,004$9,448,269$8,760,104$12,008,190
58$13,314,658$9,857,526$8,999,858$12,973,758
59$14,617,352$10,285,145$9,245,953$14,029,053
60$16,051,177$10,731,971$9,498,547$15,182,914
61$17,629,451$11,198,892$9,757,803$16,445,073
62$19,366,853$11,686,836$10,023,887$17,826,238
63$21,279,554$12,196,773$10,296,970$19,338,199
64$23,385,376$12,729,722$10,577,225$20,993,935
65$25,703,953$13,286,747$10,864,831$22,807,734
66$28,256,923$13,868,965$11,159,970$24,795,328
67$31,068,128$14,477,543$11,462,828$26,974,037
68$34,163,839$15,113,704$11,773,595$29,362,934
69$37,573,006$15,778,731$12,092,465$31,983,020
70$41,327,528$16,473,965$12,419,638$34,857,421
71$45,462,557$17,200,810$12,755,317$38,011,605
72$50,016,827$17,960,738$13,099,709$41,473,618
73$55,033,020$18,755,292$13,453,027$45,274,349
74$60,558,172$19,586,084$13,815,486$49,447,815
75$66,644,110$20,454,807$14,187,310$54,031,487
76$73,347,947$21,363,231$14,568,723$59,066,630
77$80,732,619$22,313,210$14,959,956$64,598,700
78$88,867,478$23,306,689$15,361,247$70,677,765
79$97,828,947$24,345,703$15,772,834$77,358,973
80$107,701,240$25,432,383$16,194,965$84,703,075
81$118,577,160$26,568,964$16,627,890$92,776,990
82$130,558,972$27,757,784$17,071,865$101,654,436
83$143,759,367$29,001,295$17,527,153$111,416,618
84$158,302,528$30,302,065$17,994,019$122,152,998
85$174,325,303$31,662,783$18,472,735$133,962,130
86$191,978,492$33,086,268$18,963,580$146,952,587
87$211,428,275$34,575,472$19,466,837$161,243,982
88$232,857,777$36,133,488$19,982,794$176,968,094
89$256,468,799$37,763,557$20,511,745$194,270,106
90$282,483,719$39,469,074$21,053,992$213,309,970
91$311,147,598$41,253,598$21,609,840$234,263,912
92$342,730,484$43,120,855$22,179,601$257,326,094
93$377,529,968$45,074,752$22,763,592$282,710,434
94$415,873,990$47,119,380$23,362,138$310,652,627
95$458,123,935$49,259,028$23,975,567$341,412,360
96$504,678,045$51,498,189$24,604,217$375,275,756
97$555,975,176$53,841,571$25,248,429$412,558,073
98$612,498,944$56,294,107$25,908,552$453,606,668
99$674,782,287$58,860,969$26,584,938$498,804,275
100$743,412,496$61,547,573$27,277,950$548,572,604