Can I retire at age 53 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$644,117$638,379$632,782$627,318$621,983$617,029
2 years$318,870$312,931$307,176$301,595$296,182$291,189
3 years$210,468$204,504$198,763$193,235$187,910$183,032
4 years$156,278$150,332$144,648$139,215$134,019$129,293
5 years$123,772$117,862$112,253$106,930$101,879$97,320
6 years$102,109$96,243$90,717$85,513$80,614$76,226
7 years$86,641$80,825$75,386$70,305$65,560$61,347
8 years$75,046$69,282$63,934$58,977$54,389$50,350
9 years$66,032$60,322$55,066$50,235$45,803$41,937
10 years$58,825$53,171$48,008$43,303$39,027$35,331
11 years$52,932$47,335$42,265$37,687$33,564$30,037
12 years$48,025$42,486$37,509$33,057$29,086$25,724
13 years$43,876$38,395$33,512$29,184$25,364$22,162
14 years$40,323$34,900$30,111$25,906$22,234$19,190
15 years$37,246$31,881$27,186$23,104$19,576$16,685
16 years$34,557$29,251$24,648$20,687$17,301$14,559
17 years$32,186$26,939$22,429$18,587$15,341$12,742
18 years$30,082$24,893$20,475$16,751$13,640$11,181
19 years$28,201$23,070$18,744$15,136$12,158$9,832
20 years$26,510$21,438$17,202$13,708$10,860$8,663
21 years$24,982$19,969$15,822$12,441$9,718$7,646
22 years$23,595$18,640$14,583$11,312$8,711$6,758
23 years$22,330$17,434$13,465$10,302$7,819$5,981
24 years$21,173$16,334$12,453$9,396$7,028$5,299
25 years$20,110$15,329$11,534$8,581$6,324$4,699
26 years$19,130$14,407$10,697$7,846$5,697$4,171
27 years$18,224$13,558$9,933$7,182$5,136$3,705
28 years$17,384$12,776$9,234$6,580$4,634$3,294
29 years$16,604$12,053$8,593$6,034$4,185$2,929
30 years$15,877$11,382$8,004$5,538$3,781$2,607
31 years$15,199$10,760$7,462$5,086$3,419$2,321
32 years$14,564$10,181$6,962$4,674$3,092$2,067
33 years$13,969$9,642$6,501$4,298$2,799$1,842
34 years$13,410$9,138$6,074$3,955$2,534$1,641
35 years$12,884$8,667$5,678$3,640$2,295$1,463
36 years$12,388$8,227$5,312$3,353$2,079$1,305
37 years$11,921$7,813$4,972$3,089$1,885$1,164
38 years$11,479$7,426$4,656$2,847$1,709$1,039
39 years$11,060$7,061$4,362$2,625$1,549$927
40 years$10,664$6,718$4,089$2,422$1,405$827
41 years$10,288$6,395$3,834$2,234$1,275$738
42 years$9,931$6,090$3,596$2,062$1,157$659
43 years$9,591$5,803$3,375$1,903$1,050$588
44 years$9,268$5,531$3,168$1,757$953$525
45 years$8,959$5,275$2,974$1,623$865$469
46 years$8,666$5,032$2,794$1,499$786$419
47 years$8,385$4,802$2,625$1,385$713$374
48 years$8,117$4,584$2,466$1,280$648$334
49 years$7,861$4,377$2,318$1,183$588$298
50 years$7,616$4,182$2,179$1,093$534$267

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,800,000, adding $4,333 every year, while hoping to spend $44,376 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: 55/32/13 Blend
52$7,800,000$7,800,000$7,800,000$7,800,000
53$8,600,069$8,186,669$8,065,769$9,043,940
54$9,430,061$8,540,601$8,288,757$9,699,699
55$10,343,224$8,910,387$8,517,727$10,408,174
56$11,347,996$9,296,759$8,752,834$11,178,568
57$12,453,672$9,700,480$8,994,234$12,016,793
58$13,670,494$10,122,352$9,242,089$12,929,348
59$15,009,749$10,563,211$9,496,564$13,923,376
60$16,483,871$11,023,936$9,757,826$15,006,732
61$18,106,562$11,505,445$10,026,049$16,188,051
62$19,892,919$12,008,700$10,301,410$17,476,832
63$21,859,579$12,534,709$10,584,089$18,883,519
64$24,024,872$13,084,525$10,874,272$20,419,603
65$26,408,997$13,659,255$11,172,148$22,097,722
66$29,034,210$14,260,054$11,477,911$23,931,780
67$31,925,037$14,888,134$11,791,759$25,937,076
68$35,108,503$15,544,765$12,113,895$28,130,442
69$38,614,387$16,231,275$12,444,526$30,530,402
70$42,475,502$16,949,055$12,783,866$33,157,341
71$46,728,008$17,699,563$13,132,130$36,033,693
72$51,411,750$18,484,327$13,489,541$39,184,150
73$56,570,634$19,304,945$13,856,327$42,635,892
74$62,253,043$20,163,092$14,232,718$46,418,837
75$68,512,293$21,060,523$14,618,954$50,565,921
76$75,407,133$21,999,075$15,015,275$55,113,402
77$83,002,305$22,980,673$15,421,931$60,101,199
78$91,369,149$24,007,335$15,839,174$65,573,262
79$100,586,280$25,081,172$16,267,264$71,577,986
80$110,740,329$26,204,398$16,706,466$78,168,654
81$121,926,759$27,379,331$17,157,050$85,403,943
82$134,250,770$28,608,399$17,619,292$93,348,466
83$147,828,285$29,894,148$18,093,476$102,073,377
84$162,787,051$31,239,242$18,579,888$111,657,036
85$179,267,840$32,646,474$19,078,824$122,185,744
86$197,425,780$34,118,771$19,590,584$133,754,545
87$217,431,817$35,659,199$20,115,476$146,468,122
88$239,474,330$37,270,968$20,653,813$160,441,772
89$263,760,911$38,957,444$21,205,915$175,802,488
90$290,520,320$40,722,155$21,772,108$192,690,149
91$320,004,645$42,568,793$22,352,727$211,258,833
92$352,491,687$44,501,231$22,948,111$231,678,260
93$388,287,573$46,523,526$23,558,607$254,135,381
94$427,729,654$48,639,928$24,184,569$278,836,141
95$471,189,686$50,854,891$24,826,359$306,007,404
96$519,077,336$53,173,083$25,484,344$335,899,087
97$571,844,055$55,599,394$26,158,900$368,786,506
98$629,987,335$58,138,952$26,850,410$404,972,965
99$694,055,409$60,797,126$27,559,264$444,792,601
100$764,652,420$63,579,545$28,285,860$488,613,532