Can I retire at age 53 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$652,375$646,564$640,894$635,360$629,957$611,016
2 years$322,958$316,943$311,114$305,462$299,980$281,056
3 years$213,166$207,126$201,311$195,712$190,319$172,007
4 years$158,282$152,259$146,503$141,000$135,737$118,176
5 years$125,359$119,373$113,692$108,301$103,185$86,424
6 years$103,418$97,477$91,880$86,609$81,647$65,699
7 years$87,752$81,861$76,353$71,206$66,401$51,266
8 years$76,008$70,170$64,753$59,733$55,086$40,755
9 years$66,878$61,096$55,772$50,879$46,390$32,849
10 years$59,579$53,853$48,623$43,859$39,527$26,755
11 years$53,611$47,942$42,807$38,170$33,994$21,970
12 years$48,641$43,030$37,990$33,480$29,459$18,158
13 years$44,439$38,887$33,942$29,558$25,689$15,085
14 years$40,840$35,347$30,497$26,238$22,519$12,584
15 years$37,724$32,290$27,535$23,400$19,827$10,534
16 years$35,000$29,626$24,964$20,952$17,523$8,843
17 years$32,599$27,284$22,716$18,825$15,537$7,441
18 years$30,467$25,212$20,737$16,965$13,815$6,273
19 years$28,562$23,366$18,984$15,330$12,314$5,297
20 years$26,850$21,713$17,422$13,884$10,999$4,479
21 years$25,302$20,225$16,025$12,601$9,843$3,791
22 years$23,897$18,879$14,770$11,457$8,823$3,212
23 years$22,617$17,657$13,637$10,434$7,920$2,724
24 years$21,444$16,544$12,612$9,516$7,118$2,312
25 years$20,367$15,525$11,681$8,691$6,405$1,963
26 years$19,375$14,591$10,834$7,947$5,770$1,667
27 years$18,458$13,732$10,060$7,274$5,202$1,417
28 years$17,607$12,940$9,352$6,664$4,694$1,204
29 years$16,817$12,207$8,703$6,111$4,238$1,024
30 years$16,081$11,528$8,107$5,609$3,830$871
31 years$15,394$10,898$7,558$5,151$3,462$741
32 years$14,751$10,312$7,051$4,734$3,132$631
33 years$14,148$9,765$6,584$4,353$2,834$537
34 years$13,582$9,255$6,152$4,005$2,566$457
35 years$13,049$8,779$5,751$3,687$2,324$389
36 years$12,547$8,332$5,380$3,396$2,106$331
37 years$12,073$7,914$5,036$3,129$1,909$282
38 years$11,626$7,521$4,716$2,884$1,730$240
39 years$11,202$7,152$4,418$2,659$1,569$204
40 years$10,801$6,804$4,141$2,453$1,423$174
41 years$10,420$6,477$3,883$2,263$1,291$148
42 years$10,058$6,168$3,642$2,088$1,172$126
43 years$9,714$5,877$3,418$1,928$1,063$107
44 years$9,386$5,602$3,208$1,780$965$92
45 years$9,074$5,342$3,013$1,644$876$78
46 years$8,777$5,096$2,829$1,518$796$66
47 years$8,493$4,863$2,658$1,403$722$57
48 years$8,221$4,643$2,498$1,296$656$48
49 years$7,962$4,434$2,348$1,198$596$41
50 years$7,713$4,235$2,207$1,107$541$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,900,000, adding $6,505 every year, while hoping to spend $42,496 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: 72/19/9 Blend
52$7,900,000$7,900,000$7,900,000$7,900,000
53$8,712,510$8,293,810$8,171,360$9,325,377
54$9,555,971$8,654,991$8,399,885$10,092,309
55$10,484,040$9,032,446$8,634,641$10,925,865
56$11,505,303$9,426,927$8,875,793$11,837,356
57$12,629,220$9,839,222$9,123,508$12,834,463
58$13,866,213$10,270,157$9,377,958$13,925,633
59$15,227,766$10,720,594$9,639,320$15,120,170
60$16,726,536$11,191,441$9,907,774$16,428,311
61$18,376,464$11,683,643$10,183,506$17,861,325
62$20,192,915$12,198,193$10,466,705$19,431,618
63$22,192,818$12,736,131$10,757,566$21,152,849
64$24,394,829$13,298,544$11,056,288$23,040,055
65$26,819,503$13,886,574$11,363,075$25,109,791
66$29,489,490$14,501,415$11,678,136$27,380,286
67$32,429,750$15,144,315$12,001,685$29,871,615
68$35,667,784$15,816,587$12,333,941$32,605,879
69$39,233,900$16,519,601$12,675,129$35,607,419
70$43,161,491$17,254,794$13,025,480$38,903,041
71$47,487,357$18,023,673$13,385,227$42,522,264
72$52,252,048$18,827,814$13,754,613$46,497,599
73$57,500,248$19,668,869$14,133,884$50,864,853
74$63,281,198$20,548,567$14,523,293$55,663,463
75$69,649,156$21,468,723$14,923,100$60,936,867
76$76,663,914$22,431,234$15,333,567$66,732,909
77$84,391,359$23,438,091$15,754,968$73,104,288
78$92,904,097$24,491,377$16,187,579$80,109,054
79$102,282,136$25,593,276$16,631,684$87,811,150
80$112,613,643$26,746,075$17,087,574$96,281,015
81$123,995,773$27,952,171$17,555,546$105,596,241
82$136,535,590$29,214,076$18,035,905$115,842,307
83$150,351,074$30,534,419$18,528,962$127,113,375
84$165,572,236$31,915,958$19,035,035$139,513,181
85$182,342,345$33,361,582$19,554,450$153,156,007
86$200,819,281$34,874,316$20,087,541$168,167,755
87$221,177,021$36,457,331$20,634,647$184,687,130
88$243,607,288$38,113,950$21,196,118$202,866,946
89$268,321,353$39,847,656$21,772,310$222,875,564
90$295,552,036$41,662,096$22,363,587$244,898,472
91$325,555,898$43,561,093$22,970,322$269,140,035
92$358,615,667$45,548,654$23,592,895$295,825,412
93$395,042,905$47,628,978$24,231,696$325,202,684
94$435,180,946$49,806,463$24,887,123$357,545,180
95$479,408,143$52,085,720$25,559,583$393,154,057
96$528,141,435$54,471,581$26,249,489$432,361,133
97$581,840,283$56,969,110$26,957,269$475,532,013
98$641,011,008$59,583,613$27,683,354$523,069,530
99$706,211,572$62,320,651$28,428,188$575,417,544
100$778,056,844$65,186,054$29,192,223$633,065,119