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%15.7%
1 years$635,859$630,195$624,669$619,275$614,009$599,652
2 years$314,782$308,919$303,237$297,729$292,385$278,003
3 years$207,770$201,882$196,215$190,758$185,501$171,543
4 years$154,274$148,405$142,794$137,430$132,301$118,873
5 years$122,186$116,351$110,814$105,559$100,573$87,714
6 years$100,800$95,009$89,554$84,417$79,580$67,303
7 years$85,531$79,789$74,420$69,404$64,720$53,026
8 years$74,084$68,394$63,114$58,221$53,691$42,577
9 years$65,185$59,549$54,360$49,591$45,216$34,672
10 years$58,071$52,490$47,392$42,748$38,526$28,540
11 years$52,254$46,728$41,723$37,204$33,134$23,693
12 years$47,409$41,941$37,029$32,633$28,713$19,802
13 years$43,314$37,902$33,083$28,810$25,038$16,640
14 years$39,806$34,452$29,725$25,574$21,948$14,045
15 years$36,769$31,473$26,838$22,808$19,325$11,898
16 years$34,114$28,876$24,332$20,422$17,080$10,110
17 years$31,774$26,593$22,141$18,349$15,144$8,613
18 years$29,696$24,573$20,212$16,536$13,465$7,353
19 years$27,839$22,774$18,503$14,942$12,002$6,288
20 years$26,170$21,163$16,981$13,533$10,720$5,386
21 years$24,662$19,713$15,620$12,282$9,594$4,620
22 years$23,292$18,401$14,396$11,167$8,599$3,966
23 years$22,044$17,210$13,292$10,170$7,719$3,409
24 years$20,901$16,125$12,293$9,275$6,938$2,932
25 years$19,852$15,132$11,386$8,471$6,243$2,523
26 years$18,885$14,222$10,560$7,745$5,624$2,173
27 years$17,990$13,384$9,806$7,090$5,070$1,872
28 years$17,162$12,612$9,116$6,496$4,575$1,614
29 years$16,391$11,898$8,483$5,957$4,131$1,392
30 years$15,674$11,236$7,901$5,467$3,733$1,200
31 years$15,004$10,622$7,366$5,021$3,375$1,036
32 years$14,377$10,051$6,873$4,614$3,053$894
33 years$13,790$9,518$6,417$4,243$2,763$772
34 years$13,238$9,021$5,996$3,904$2,501$666
35 years$12,719$8,556$5,606$3,594$2,266$575
36 years$12,229$8,121$5,244$3,310$2,053$497
37 years$11,768$7,713$4,908$3,050$1,860$429
38 years$11,331$7,330$4,596$2,811$1,687$371
39 years$10,918$6,970$4,306$2,592$1,529$320
40 years$10,527$6,632$4,036$2,391$1,387$277
41 years$10,156$6,313$3,785$2,206$1,259$239
42 years$9,803$6,012$3,550$2,035$1,142$206
43 years$9,468$5,728$3,331$1,879$1,036$178
44 years$9,149$5,460$3,127$1,735$941$154
45 years$8,845$5,207$2,936$1,602$854$133
46 years$8,554$4,967$2,758$1,480$775$115
47 years$8,278$4,740$2,591$1,367$704$99
48 years$8,013$4,525$2,435$1,263$639$86
49 years$7,760$4,321$2,289$1,168$581$74
50 years$7,518$4,128$2,152$1,079$528$64

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 $5,594 every year, while hoping to spend $25,374 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: 45/25/30 Blend
52$7,700,000$7,700,000$7,700,000$7,700,000
53$8,491,170$8,083,070$7,963,720$8,799,314
54$9,330,272$8,452,143$8,203,507$9,388,795
55$10,254,111$8,838,450$8,450,476$10,024,867
56$11,271,305$9,242,808$8,704,842$10,714,262
57$12,391,348$9,666,076$8,966,824$11,461,983
58$13,624,702$10,109,150$9,236,649$12,273,522
59$14,982,896$10,572,972$9,514,550$13,154,916
60$16,478,631$11,058,528$9,800,768$14,112,798
61$18,125,908$11,566,852$10,095,550$15,154,458
62$19,940,150$12,099,028$10,399,151$16,287,907
63$21,938,355$12,656,190$10,711,832$17,521,954
64$24,139,253$13,239,528$11,033,864$18,866,282
65$26,563,482$13,850,291$11,365,524$20,331,540
66$29,233,787$14,489,785$11,707,099$21,929,439
67$32,175,229$15,159,380$12,058,882$23,672,856
68$35,415,426$15,860,513$12,421,178$25,575,958
69$38,984,809$16,594,688$12,794,297$27,654,328
70$42,916,916$17,363,484$13,178,562$29,925,110
71$47,248,700$18,168,553$13,574,303$32,407,166
72$52,020,886$19,011,631$13,981,861$35,121,251
73$57,278,349$19,894,533$14,401,585$38,090,205
74$63,070,539$20,819,164$14,833,837$41,339,161
75$69,451,952$21,787,521$15,278,989$44,895,782
76$76,482,637$22,801,696$15,737,421$48,790,515
77$84,228,771$23,863,883$16,209,529$53,056,873
78$92,763,274$24,976,382$16,695,717$57,731,746
79$102,166,506$26,141,603$17,196,402$62,855,748
80$112,527,021$27,362,073$17,712,013$68,473,587
81$123,942,404$28,640,441$18,242,992$74,634,488
82$136,520,192$29,979,485$18,789,795$81,392,647
83$150,378,887$31,382,116$19,352,888$88,807,739
84$165,649,079$32,851,385$19,932,755$96,945,473
85$182,474,673$34,390,491$20,529,891$105,878,205
86$201,014,255$36,002,790$21,144,807$115,685,615
87$221,442,579$37,691,797$21,778,029$126,455,450
88$243,952,226$39,461,198$22,430,096$138,284,345
89$268,755,415$41,314,860$23,101,567$151,278,725
90$296,086,012$43,256,832$23,793,014$165,555,805
91$326,201,732$45,291,364$24,505,027$181,244,683
92$359,386,577$47,422,909$25,238,213$198,487,553
93$395,953,512$49,656,136$25,993,198$217,441,031
94$436,247,424$51,995,940$26,770,624$238,277,631
95$480,648,375$54,447,455$27,571,153$261,187,377
96$529,575,189$57,016,060$28,395,467$286,379,586
97$583,489,410$59,707,399$29,244,267$314,084,836
98$642,899,655$62,527,386$30,118,275$344,557,124
99$708,366,416$65,482,224$31,018,233$378,076,256
100$780,507,352$68,578,415$31,944,906$414,950,472