Can I retire at age 53 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$635,859$630,195$624,669$619,275$614,009$593,879
2 years$314,782$308,919$303,237$297,729$292,385$272,296
3 years$207,770$201,882$196,215$190,758$185,501$166,085
4 years$154,274$148,405$142,794$137,430$132,301$113,705
5 years$122,186$116,351$110,814$105,559$100,573$82,848
6 years$100,800$95,009$89,554$84,417$79,580$62,739
7 years$85,531$79,789$74,420$69,404$64,720$48,762
8 years$74,084$68,394$63,114$58,221$53,691$38,605
9 years$65,185$59,549$54,360$49,591$45,216$30,983
10 years$58,071$52,490$47,392$42,748$38,526$25,125
11 years$52,254$46,728$41,723$37,204$33,134$20,538
12 years$47,409$41,941$37,029$32,633$28,713$16,896
13 years$43,314$37,902$33,083$28,810$25,038$13,970
14 years$39,806$34,452$29,725$25,574$21,948$11,598
15 years$36,769$31,473$26,838$22,808$19,325$9,661
16 years$34,114$28,876$24,332$20,422$17,080$8,069
17 years$31,774$26,593$22,141$18,349$15,144$6,755
18 years$29,696$24,573$20,212$16,536$13,465$5,665
19 years$27,839$22,774$18,503$14,942$12,002$4,758
20 years$26,170$21,163$16,981$13,533$10,720$4,002
21 years$24,662$19,713$15,620$12,282$9,594$3,369
22 years$23,292$18,401$14,396$11,167$8,599$2,839
23 years$22,044$17,210$13,292$10,170$7,719$2,394
24 years$20,901$16,125$12,293$9,275$6,938$2,021
25 years$19,852$15,132$11,386$8,471$6,243$1,706
26 years$18,885$14,222$10,560$7,745$5,624$1,441
27 years$17,990$13,384$9,806$7,090$5,070$1,218
28 years$17,162$12,612$9,116$6,496$4,575$1,029
29 years$16,391$11,898$8,483$5,957$4,131$870
30 years$15,674$11,236$7,901$5,467$3,733$736
31 years$15,004$10,622$7,366$5,021$3,375$622
32 years$14,377$10,051$6,873$4,614$3,053$527
33 years$13,790$9,518$6,417$4,243$2,763$446
34 years$13,238$9,021$5,996$3,904$2,501$377
35 years$12,719$8,556$5,606$3,594$2,266$319
36 years$12,229$8,121$5,244$3,310$2,053$270
37 years$11,768$7,713$4,908$3,050$1,860$229
38 years$11,331$7,330$4,596$2,811$1,687$193
39 years$10,918$6,970$4,306$2,592$1,529$164
40 years$10,527$6,632$4,036$2,391$1,387$139
41 years$10,156$6,313$3,785$2,206$1,259$117
42 years$9,803$6,012$3,550$2,035$1,142$99
43 years$9,468$5,728$3,331$1,879$1,036$84
44 years$9,149$5,460$3,127$1,735$941$71
45 years$8,845$5,207$2,936$1,602$854$60
46 years$8,554$4,967$2,758$1,480$775$51
47 years$8,278$4,740$2,591$1,367$704$43
48 years$8,013$4,525$2,435$1,263$639$37
49 years$7,760$4,321$2,289$1,168$581$31
50 years$7,518$4,128$2,152$1,079$528$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,700,000, adding $4,388 every year, while hoping to spend $59,883 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: 69/15/16 Blend
52$7,700,000$7,700,000$7,700,000$7,700,000
53$8,489,926$8,081,826$7,962,476$9,043,544
54$9,292,184$8,414,121$8,165,504$9,745,094
55$10,174,264$8,760,690$8,373,326$10,504,876
56$11,144,247$9,122,172$8,586,041$11,334,657
57$12,211,032$9,499,231$8,803,745$12,241,326
58$13,384,427$9,892,562$9,026,540$13,232,467
59$14,675,236$10,302,895$9,254,527$14,316,427
60$16,095,364$10,730,991$9,487,807$15,502,395
61$17,657,927$11,177,646$9,726,485$16,800,486
62$19,377,378$11,643,693$9,970,664$18,221,840
63$21,269,641$12,130,004$10,220,452$19,778,719
64$23,352,262$12,637,492$10,475,954$21,484,625
65$25,644,573$13,167,109$10,737,279$23,354,428
66$28,167,876$13,719,854$11,004,535$25,404,500
67$30,945,645$14,296,773$11,277,832$27,652,872
68$34,003,743$14,898,956$11,557,281$30,119,401
69$37,370,668$15,527,548$11,842,994$32,825,956
70$41,077,823$16,183,746$12,135,081$35,796,620
71$45,159,812$16,868,800$12,433,658$39,057,923
72$49,654,764$17,584,022$12,738,836$42,639,081
73$54,604,692$18,330,782$13,050,730$46,572,277
74$60,055,896$19,110,515$13,369,454$50,892,959
75$66,059,391$19,924,724$13,695,124$55,640,174
76$72,671,392$20,774,979$14,027,854$60,856,936
77$79,953,847$21,662,925$14,367,760$66,590,624
78$87,975,016$22,590,286$14,714,957$72,893,434
79$96,810,120$23,558,862$15,069,560$79,822,863
80$106,542,046$24,570,540$15,431,684$87,442,256
81$117,262,133$25,627,295$15,801,444$95,821,394
82$129,071,033$26,731,195$16,178,955$105,037,154
83$142,079,657$27,884,402$16,564,329$115,174,232
84$156,410,228$29,089,183$16,957,679$126,325,937
85$172,197,428$30,347,910$17,359,118$138,595,074
86$189,589,673$31,663,065$17,768,756$152,094,903
87$208,750,512$33,037,248$18,186,702$166,950,211
88$229,860,172$34,473,180$18,613,064$183,298,485
89$253,117,255$35,973,713$19,047,948$201,291,206
90$278,740,619$37,541,828$19,491,458$221,095,275
91$306,971,436$39,180,652$19,943,696$242,894,584
92$338,075,474$40,893,455$20,404,761$266,891,749
93$372,345,602$42,683,663$20,874,749$293,310,017
94$410,104,555$44,554,865$21,353,755$322,395,371
95$451,707,981$46,510,815$21,841,868$354,418,844
96$497,547,800$48,555,449$22,339,175$389,679,078
97$548,055,896$50,692,887$22,845,758$428,505,132
98$603,708,202$52,927,443$23,361,696$471,259,588
99$665,029,187$55,263,637$23,887,061$518,341,966
100$732,596,810$57,706,200$24,421,923$570,192,490