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

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$677,148$671,117$665,232$659,488$653,880$649,759
2 years$335,222$328,979$322,928$317,062$311,371$307,214
3 years$221,261$214,991$208,956$203,144$197,547$193,483
4 years$164,292$158,041$152,066$146,354$140,892$136,952
5 years$130,120$123,906$118,010$112,414$107,104$103,300
6 years$107,345$101,179$95,369$89,898$84,748$81,084
7 years$91,085$84,970$79,252$73,910$68,922$65,401
8 years$78,894$72,835$67,212$62,002$57,178$53,799
9 years$69,418$63,416$57,890$52,812$48,152$44,915
10 years$61,842$55,898$50,470$45,524$41,028$37,931
11 years$55,647$49,763$44,433$39,620$35,285$32,326
12 years$50,488$44,664$39,433$34,752$30,578$27,754
13 years$46,126$40,363$35,231$30,681$26,664$23,973
14 years$42,391$36,689$31,655$27,235$23,374$20,812
15 years$39,156$33,516$28,580$24,289$20,580$18,144
16 years$36,329$30,751$25,912$21,748$18,189$15,875
17 years$33,837$28,320$23,579$19,540$16,127$13,933
18 years$31,624$26,169$21,525$17,610$14,340$12,260
19 years$29,647$24,253$19,705$15,912$12,781$10,812
20 years$27,869$22,537$18,084$14,411$11,416$9,555
21 years$26,263$20,993$16,634$13,079$10,216$8,458
22 years$24,805$19,596$15,331$11,892$9,158$7,498
23 years$23,475$18,328$14,155$10,830$8,220$6,656
24 years$22,259$17,172$13,091$9,878$7,389$5,915
25 years$21,141$16,115$12,125$9,021$6,649$5,262
26 years$20,111$15,145$11,245$8,248$5,989$4,685
27 years$19,159$14,254$10,442$7,550$5,400$4,175
28 years$18,276$13,431$9,707$6,917$4,872$3,723
29 years$17,456$12,671$9,034$6,343$4,399$3,322
30 years$16,692$11,966$8,414$5,822$3,975$2,966
31 years$15,978$11,312$7,845$5,347$3,594$2,649
32 years$15,311$10,703$7,319$4,914$3,251$2,367
33 years$14,685$10,136$6,834$4,519$2,942$2,116
34 years$14,097$9,607$6,385$4,157$2,664$1,892
35 years$13,544$9,112$5,970$3,827$2,413$1,693
36 years$13,023$8,649$5,585$3,525$2,186$1,514
37 years$12,532$8,214$5,227$3,248$1,981$1,355
38 years$12,067$7,806$4,895$2,993$1,796$1,213
39 years$11,627$7,423$4,586$2,760$1,629$1,086
40 years$11,211$7,062$4,298$2,546$1,477$973
41 years$10,815$6,723$4,031$2,349$1,340$871
42 years$10,440$6,403$3,781$2,168$1,216$781
43 years$10,083$6,100$3,548$2,001$1,104$699
44 years$9,743$5,815$3,330$1,848$1,002$627
45 years$9,419$5,545$3,127$1,706$910$561
46 years$9,110$5,290$2,937$1,576$826$503
47 years$8,815$5,048$2,759$1,456$750$451
48 years$8,533$4,819$2,593$1,346$681$404
49 years$8,264$4,602$2,437$1,244$619$362
50 years$8,006$4,396$2,291$1,149$562$325

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 $4,386 every year, while hoping to spend $55,307 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: 68/9/23 Blend
52$8,200,000$8,200,000$8,200,000$8,200,000
53$9,040,924$8,606,324$8,479,224$9,602,615
54$9,904,252$8,969,188$8,704,432$10,342,513
55$10,853,786$9,347,978$8,935,331$11,144,854
56$11,898,260$9,743,417$9,172,052$12,021,300
57$13,047,299$10,156,260$9,414,732$12,979,167
58$14,311,505$10,587,299$9,663,507$14,026,507
59$15,702,561$11,037,359$9,918,517$15,172,188
60$17,233,340$11,507,308$10,179,906$16,425,971
61$18,918,027$11,998,052$10,447,818$17,798,604
62$20,772,248$12,510,539$10,722,402$19,301,925
63$22,813,224$13,045,762$11,003,810$20,948,967
64$25,059,929$13,604,760$11,292,194$22,754,083
65$27,533,271$14,188,622$11,587,711$24,733,080
66$30,256,285$14,798,486$11,890,520$26,903,368
67$33,254,359$15,435,544$12,200,785$29,284,119
68$36,555,461$16,101,043$12,518,669$31,896,451
69$40,190,414$16,796,291$12,844,340$34,763,625
70$44,193,181$17,522,654$13,177,970$37,911,260
71$48,601,185$18,281,563$13,519,732$41,367,578
72$53,455,665$19,074,519$13,869,803$45,163,663
73$58,802,063$19,903,091$14,228,361$49,333,760
74$64,690,452$20,768,921$14,595,589$53,915,591
75$71,176,010$21,673,729$14,971,673$58,950,709
76$78,319,539$22,619,318$15,356,801$64,484,893
77$86,188,041$23,607,574$15,751,162$70,568,576
78$94,855,347$24,640,471$16,154,952$77,257,315
79$104,402,816$25,720,078$16,568,367$84,612,321
80$114,920,103$26,848,561$16,991,606$92,701,029
81$126,506,000$28,028,188$17,424,873$101,597,734
82$139,269,377$29,261,333$17,868,371$111,384,290
83$153,330,201$30,550,486$18,322,308$122,150,881
84$168,820,673$31,898,251$18,786,897$133,996,869
85$185,886,472$33,307,356$19,262,348$147,031,730
86$204,688,135$34,780,659$19,748,880$161,376,085
87$225,402,566$36,321,153$20,246,709$177,162,833
88$248,224,711$37,931,973$20,756,057$194,538,408
89$273,369,394$39,616,402$21,277,147$213,664,154
90$301,073,346$41,377,880$21,810,206$234,717,846
91$331,597,440$43,220,008$22,355,460$257,895,368
92$365,229,152$45,146,562$22,913,141$283,412,553
93$402,285,275$47,161,492$23,483,480$311,507,222
94$443,114,909$49,268,941$24,066,713$342,441,424
95$488,102,756$51,473,246$24,663,075$376,503,906
96$537,672,753$53,778,951$25,272,803$414,012,835
97$592,292,070$56,190,816$25,896,139$455,318,796
98$652,475,524$58,713,829$26,533,322$500,808,101
99$718,790,434$61,353,213$27,184,595$550,906,429
100$791,861,981$64,114,443$27,850,201$606,082,839