Can I retire at age 53 with 8,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$677,148$671,117$665,232$659,488$653,880$635,496
2 years$335,222$328,979$322,928$317,062$311,371$292,990
3 years$221,261$214,991$208,956$203,144$197,547$179,744
4 years$164,292$158,041$152,066$146,354$140,892$123,804
5 years$130,120$123,906$118,010$112,414$107,104$90,778
6 years$107,345$101,179$95,369$89,898$84,748$69,199
7 years$91,085$84,970$79,252$73,910$68,922$54,151
8 years$78,894$72,835$67,212$62,002$57,178$43,175
9 years$69,418$63,416$57,890$52,812$48,152$34,905
10 years$61,842$55,898$50,470$45,524$41,028$28,519
11 years$55,647$49,763$44,433$39,620$35,285$23,494
12 years$50,488$44,664$39,433$34,752$30,578$19,481
13 years$46,126$40,363$35,231$30,681$26,664$16,239
14 years$42,391$36,689$31,655$27,235$23,374$13,594
15 years$39,156$33,516$28,580$24,289$20,580$11,420
16 years$36,329$30,751$25,912$21,748$18,189$9,621
17 years$33,837$28,320$23,579$19,540$16,127$8,125
18 years$31,624$26,169$21,525$17,610$14,340$6,875
19 years$29,647$24,253$19,705$15,912$12,781$5,827
20 years$27,869$22,537$18,084$14,411$11,416$4,946
21 years$26,263$20,993$16,634$13,079$10,216$4,203
22 years$24,805$19,596$15,331$11,892$9,158$3,575
23 years$23,475$18,328$14,155$10,830$8,220$3,044
24 years$22,259$17,172$13,091$9,878$7,389$2,593
25 years$21,141$16,115$12,125$9,021$6,649$2,210
26 years$20,111$15,145$11,245$8,248$5,989$1,885
27 years$19,159$14,254$10,442$7,550$5,400$1,609
28 years$18,276$13,431$9,707$6,917$4,872$1,373
29 years$17,456$12,671$9,034$6,343$4,399$1,172
30 years$16,692$11,966$8,414$5,822$3,975$1,001
31 years$15,978$11,312$7,845$5,347$3,594$855
32 years$15,311$10,703$7,319$4,914$3,251$731
33 years$14,685$10,136$6,834$4,519$2,942$625
34 years$14,097$9,607$6,385$4,157$2,664$534
35 years$13,544$9,112$5,970$3,827$2,413$456
36 years$13,023$8,649$5,585$3,525$2,186$390
37 years$12,532$8,214$5,227$3,248$1,981$334
38 years$12,067$7,806$4,895$2,993$1,796$285
39 years$11,627$7,423$4,586$2,760$1,629$244
40 years$11,211$7,062$4,298$2,546$1,477$209
41 years$10,815$6,723$4,031$2,349$1,340$178
42 years$10,440$6,403$3,781$2,168$1,216$153
43 years$10,083$6,100$3,548$2,001$1,104$130
44 years$9,743$5,815$3,330$1,848$1,002$112
45 years$9,419$5,545$3,127$1,706$910$95
46 years$9,110$5,290$2,937$1,576$826$82
47 years$8,815$5,048$2,759$1,456$750$70
48 years$8,533$4,819$2,593$1,346$681$60
49 years$8,264$4,602$2,437$1,244$619$51
50 years$8,006$4,396$2,291$1,149$562$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,200,000, adding $6,720 every year, while hoping to spend $32,382 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: 42/34/24 Blend
52$8,200,000$8,200,000$8,200,000$8,200,000
53$9,043,332$8,608,732$8,481,632$9,359,322
54$9,931,297$8,996,105$8,731,312$9,973,194
55$10,908,750$9,401,375$8,988,272$10,633,952
56$11,984,784$9,825,383$9,252,720$11,348,879
57$13,169,418$10,269,013$9,524,872$12,122,983
58$14,473,694$10,733,190$9,804,950$12,961,758
59$15,909,777$11,218,883$10,093,183$13,871,238
60$17,491,073$11,727,107$10,389,803$14,858,048
61$19,232,354$12,258,927$10,695,054$15,929,464
62$21,149,898$12,815,458$11,009,181$17,093,480
63$23,261,640$13,397,868$11,332,441$18,358,876
64$25,587,345$14,007,381$11,665,096$19,735,303
65$28,148,792$14,645,281$12,007,414$21,233,365
66$30,969,980$15,312,911$12,359,674$22,864,718
67$34,077,354$16,011,680$12,722,159$24,642,175
68$37,500,057$16,743,064$13,095,164$26,579,824
69$41,270,199$17,508,611$13,478,989$28,693,154
70$45,423,168$18,309,942$13,873,944$30,999,198
71$49,997,957$19,148,755$14,280,347$33,516,689
72$55,037,536$20,026,832$14,698,526$36,266,232
73$60,589,256$20,946,037$15,128,817$39,270,491
74$66,705,294$21,908,327$15,571,566$42,554,400
75$73,443,150$22,915,751$16,027,130$46,145,392
76$80,866,185$23,970,457$16,495,873$50,073,649
77$89,044,223$25,074,697$16,978,172$54,372,384
78$98,054,207$26,230,829$17,474,413$59,078,148
79$107,980,923$27,441,327$17,984,994$64,231,165
80$118,917,809$28,708,784$18,510,322$69,875,706
81$130,967,825$30,035,914$19,050,818$76,060,499
82$144,244,437$31,425,567$19,606,914$82,839,182
83$158,872,676$32,880,726$20,179,052$90,270,801
84$174,990,327$34,404,521$20,767,689$98,420,357
85$192,749,227$36,000,229$21,373,293$107,359,412
86$212,316,697$37,671,288$21,996,347$117,166,753
87$233,877,120$39,421,302$22,637,344$127,929,130
88$257,633,687$41,254,046$23,296,796$139,742,060
89$283,810,307$43,173,479$23,975,223$152,710,720
90$312,653,730$45,183,750$24,673,164$166,950,927
91$344,435,867$47,289,210$25,391,172$182,590,224
92$379,456,363$49,494,419$26,129,813$199,769,063
93$418,045,422$51,804,156$26,889,673$218,642,128
94$460,566,928$54,223,433$27,671,349$239,379,774
95$507,421,875$56,757,501$28,475,460$262,169,623
96$559,052,156$59,411,868$29,302,637$287,218,323
97$615,944,732$62,192,306$30,153,532$314,753,480
98$678,636,233$65,104,868$31,028,814$345,025,792
99$747,718,019$68,155,896$31,929,169$378,311,397
100$823,841,766$71,352,044$32,855,305$414,914,464