Can I retire at age 53 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$660,633$654,748$649,007$643,403$637,931$624,540
2 years$327,046$320,955$315,052$309,328$303,777$290,349
3 years$215,865$209,748$203,859$198,190$192,728$179,682
4 years$160,285$154,187$148,357$142,785$137,456$124,892
5 years$126,946$120,884$115,131$109,672$104,492$92,446
6 years$104,727$98,711$93,043$87,706$82,681$71,166
7 years$88,863$82,897$77,319$72,108$67,241$56,260
8 years$76,970$71,058$65,573$60,489$55,783$45,331
9 years$67,725$61,869$56,478$51,524$46,978$37,048
10 years$60,333$54,535$49,239$44,414$40,027$30,610
11 years$54,289$48,549$43,349$38,653$34,425$25,508
12 years$49,256$43,575$38,471$33,904$29,832$21,402
13 years$45,001$39,379$34,371$29,932$26,014$18,057
14 years$41,357$35,794$30,883$26,571$22,804$15,304
15 years$38,201$32,699$27,883$23,696$20,078$13,019
16 years$35,443$30,001$25,280$21,217$17,745$11,110
17 years$33,012$27,629$23,004$19,064$15,734$9,505
18 years$30,853$25,531$21,000$17,180$13,990$8,150
19 years$28,924$23,662$19,224$15,524$12,470$7,002
20 years$27,189$21,988$17,643$14,060$11,138$6,025
21 years$25,622$20,481$16,228$12,760$9,967$5,191
22 years$24,200$19,118$14,957$11,602$8,934$4,477
23 years$22,903$17,881$13,810$10,566$8,020$3,866
24 years$21,716$16,753$12,772$9,637$7,208$3,341
25 years$20,625$15,722$11,829$8,801$6,487$2,889
26 years$19,620$14,776$10,971$8,047$5,843$2,500
27 years$18,691$13,906$10,188$7,366$5,268$2,165
28 years$17,830$13,103$9,471$6,749$4,753$1,875
29 years$17,030$12,362$8,813$6,189$4,292$1,625
30 years$16,285$11,674$8,209$5,680$3,878$1,408
31 years$15,589$11,036$7,653$5,216$3,506$1,221
32 years$14,937$10,442$7,141$4,794$3,172$1,059
33 years$14,327$9,889$6,667$4,408$2,870$919
34 years$13,753$9,373$6,229$4,056$2,599$797
35 years$13,214$8,890$5,824$3,734$2,354$692
36 years$12,706$8,438$5,448$3,439$2,133$601
37 years$12,226$8,014$5,100$3,168$1,933$521
38 years$11,773$7,616$4,775$2,920$1,752$453
39 years$11,344$7,242$4,474$2,693$1,589$393
40 years$10,937$6,890$4,194$2,484$1,441$341
41 years$10,552$6,559$3,932$2,291$1,308$296
42 years$10,185$6,246$3,689$2,115$1,187$257
43 years$9,837$5,952$3,461$1,952$1,077$224
44 years$9,505$5,673$3,249$1,803$977$194
45 years$9,189$5,410$3,051$1,665$887$169
46 years$8,888$5,161$2,865$1,538$806$146
47 years$8,600$4,925$2,692$1,421$732$127
48 years$8,325$4,702$2,530$1,313$664$111
49 years$8,062$4,490$2,378$1,213$603$96
50 years$7,811$4,289$2,235$1,121$548$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,000,000, adding $6,165 every year, while hoping to spend $27,535 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: 68/8/24 Blend
52$8,000,000$8,000,000$8,000,000$8,000,000
53$8,822,359$8,398,359$8,274,359$9,367,768
54$9,692,943$8,780,582$8,522,253$10,116,612
55$10,651,403$9,180,610$8,777,529$10,931,808
56$11,706,674$9,599,288$9,040,404$11,823,003
57$12,868,601$10,037,500$9,311,104$12,797,703
58$14,148,032$10,496,171$9,589,859$13,864,174
59$15,556,920$10,976,272$9,876,908$15,031,513
60$17,108,437$11,478,820$10,172,496$16,309,737
61$18,817,097$12,004,882$10,476,874$17,709,874
62$20,698,894$12,555,574$10,790,302$19,244,067
63$22,771,451$13,132,067$11,113,047$20,925,687
64$25,054,189$13,735,588$11,445,384$22,769,460
65$27,568,508$14,367,424$11,787,596$24,791,598
66$30,337,990$15,028,921$12,139,975$27,009,959
67$33,388,619$15,721,493$12,502,818$29,444,208
68$36,749,032$16,446,620$12,876,436$32,116,004
69$40,450,782$17,205,853$13,261,146$35,049,201
70$44,528,641$18,000,819$13,657,273$38,270,075
71$49,020,926$18,833,223$14,065,156$41,807,563
72$53,969,861$19,704,851$14,485,138$45,693,543
73$59,421,974$20,617,576$14,917,578$49,963,128
74$65,428,539$21,573,361$15,362,840$54,654,995
75$72,046,057$22,574,263$15,821,303$59,811,751
76$79,336,793$23,622,439$16,293,354$65,480,331
77$87,369,357$24,720,151$16,779,393$71,712,439
78$96,219,360$25,869,767$17,279,832$78,565,035
79$105,970,120$27,073,771$17,795,092$86,100,868
80$116,713,455$28,334,768$18,325,609$94,389,068
81$128,550,542$29,655,486$18,871,832$103,505,796
82$141,592,880$31,038,788$19,434,221$113,534,957
83$155,963,337$32,487,672$20,013,251$124,568,995
84$171,797,313$34,005,283$20,609,410$136,709,757
85$189,244,014$35,594,917$21,223,201$150,069,454
86$208,467,865$37,260,029$21,855,139$164,771,717
87$229,650,059$39,004,243$22,505,758$180,952,762
88$252,990,268$40,831,354$23,175,605$198,762,670
89$278,708,530$42,745,345$23,865,242$218,366,802
90$307,047,323$44,750,389$24,575,250$239,947,356
91$338,273,853$46,850,861$25,306,224$263,705,080
92$372,682,582$49,051,350$26,058,779$289,861,170
93$410,598,003$51,356,663$26,833,545$318,659,349
94$452,377,703$53,771,844$27,631,173$350,368,162
95$498,415,742$56,302,177$28,452,330$385,283,512
96$549,146,369$58,953,205$29,297,705$423,731,443
97$605,048,125$61,730,739$30,168,005$466,071,219
98$666,648,359$64,640,870$31,063,957$512,698,705
99$734,528,204$67,689,985$31,986,313$564,050,103
100$809,328,067$70,884,781$32,935,840$620,606,059