Can I retire at age 53 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$685,406$679,301$673,344$667,531$661,854$640,155
2 years$339,310$332,991$326,866$320,928$315,168$293,514
3 years$223,960$217,613$211,504$205,622$199,956$179,026
4 years$166,296$159,969$153,921$148,139$142,610$122,565
5 years$131,707$125,417$119,449$113,785$108,410$89,303
6 years$108,655$102,413$96,532$90,995$85,781$67,628
7 years$92,195$86,006$80,219$74,812$69,763$52,562
8 years$79,857$73,723$68,032$62,758$57,875$41,613
9 years$70,265$64,189$58,596$53,456$48,739$33,397
10 years$62,596$56,580$51,085$46,079$41,528$27,082
11 years$56,325$50,370$44,975$40,103$35,716$22,139
12 years$51,104$45,209$39,914$35,176$30,950$18,212
13 years$46,689$40,856$35,660$31,055$26,989$15,058
14 years$42,908$37,137$32,041$27,567$23,659$12,502
15 years$39,634$33,925$28,929$24,585$20,831$10,413
16 years$36,772$31,126$26,228$22,013$18,411$8,698
17 years$34,250$28,665$23,867$19,779$16,324$7,281
18 years$32,010$26,488$21,787$17,824$14,515$6,106
19 years$30,008$24,549$19,945$16,106$12,937$5,129
20 years$28,209$22,812$18,305$14,587$11,556$4,314
21 years$26,583$21,249$16,837$13,239$10,341$3,632
22 years$25,107$19,835$15,518$12,037$9,269$3,060
23 years$23,762$18,551$14,328$10,962$8,321$2,581
24 years$22,530$17,381$13,251$9,998$7,479$2,178
25 years$21,399$16,311$12,273$9,131$6,730$1,839
26 years$20,356$15,330$11,382$8,349$6,062$1,553
27 years$19,392$14,427$10,570$7,642$5,465$1,313
28 years$18,499$13,595$9,826$7,002$4,931$1,109
29 years$17,669$12,825$9,144$6,421$4,453$938
30 years$16,895$12,112$8,517$5,893$4,024$793
31 years$16,173$11,450$7,940$5,412$3,638$671
32 years$15,497$10,834$7,408$4,974$3,291$568
33 years$14,864$10,260$6,917$4,574$2,978$480
34 years$14,269$9,724$6,463$4,208$2,696$406
35 years$13,710$9,223$6,042$3,874$2,442$344
36 years$13,182$8,754$5,653$3,568$2,213$291
37 years$12,685$8,314$5,291$3,287$2,005$246
38 years$12,214$7,902$4,955$3,030$1,818$209
39 years$11,769$7,514$4,642$2,794$1,649$177
40 years$11,347$7,149$4,351$2,577$1,495$149
41 years$10,947$6,805$4,080$2,377$1,357$127
42 years$10,567$6,481$3,827$2,194$1,231$107
43 years$10,206$6,175$3,591$2,025$1,117$91
44 years$9,862$5,886$3,371$1,870$1,014$77
45 years$9,534$5,613$3,165$1,727$921$65
46 years$9,221$5,354$2,973$1,595$836$55
47 years$8,923$5,110$2,793$1,474$759$47
48 years$8,637$4,878$2,624$1,362$689$39
49 years$8,365$4,658$2,467$1,259$626$33
50 years$8,104$4,450$2,319$1,163$569$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,300,000, adding $6,501 every year, while hoping to spend $56,725 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: 44/36/20 Blend
52$8,300,000$8,300,000$8,300,000$8,300,000
53$9,153,306$8,713,406$8,584,756$9,502,790
54$10,026,588$9,080,008$8,811,990$10,116,282
55$10,987,044$9,462,672$9,044,936$10,774,779
56$12,043,505$9,862,126$9,283,724$11,487,379
57$13,205,703$10,279,130$9,528,488$12,259,115
58$14,484,358$10,714,481$9,779,366$13,095,516
59$15,891,283$11,169,011$10,036,496$14,002,653
60$17,439,495$11,643,594$10,300,020$14,987,195
61$19,143,335$12,139,141$10,570,081$16,056,472
62$21,018,604$12,656,608$10,846,828$17,218,535
63$23,082,713$13,196,994$11,130,409$18,482,237
64$25,354,849$13,761,345$11,420,977$19,857,306
65$27,856,150$14,350,758$11,718,686$21,354,439
66$30,609,910$14,966,377$12,023,694$22,985,395
67$33,641,795$15,609,404$12,336,162$24,763,106
68$36,980,086$16,281,093$12,656,252$26,701,793
69$40,655,949$16,982,760$12,984,130$28,817,098
70$44,703,722$17,715,782$13,319,965$31,126,228
71$49,161,246$18,481,599$13,663,928$33,648,108
72$54,070,215$19,281,720$14,016,192$36,403,563
73$59,476,577$20,117,725$14,376,934$39,415,504
74$65,430,961$20,991,266$14,746,335$42,709,142
75$71,989,157$21,904,076$15,124,575$46,312,220
76$79,212,642$22,857,967$15,511,839$50,255,271
77$87,169,162$23,854,837$15,908,316$54,571,899
78$95,933,366$24,896,674$16,314,194$59,299,089
79$105,587,518$25,985,559$16,729,668$64,477,556
80$116,222,264$27,123,671$17,154,931$70,152,116
81$127,937,497$28,313,293$17,590,183$76,372,108
82$140,843,291$29,556,813$18,035,624$83,191,849
83$155,060,945$30,856,736$18,491,456$90,671,142
84$170,724,127$32,215,681$18,957,885$98,875,833
85$187,980,133$33,636,394$19,435,119$107,878,421
86$206,991,279$35,121,750$19,923,367$117,758,740
87$227,936,432$36,674,759$20,422,843$128,604,701
88$251,012,701$38,298,575$20,933,761$140,513,113
89$276,437,292$39,996,500$21,456,337$153,590,587
90$304,449,561$41,771,995$21,990,791$167,954,535
91$335,313,276$43,628,682$22,537,342$183,734,267
92$369,319,100$45,570,357$23,096,213$201,072,199
93$406,787,341$47,600,997$23,667,628$220,125,189
94$448,070,969$49,724,765$24,251,813$241,066,006
95$493,558,953$51,946,025$24,848,995$264,084,949
96$543,679,932$54,269,345$25,459,401$289,391,628
97$598,906,256$56,699,514$26,083,262$317,216,934
98$659,758,451$59,241,547$26,720,809$347,815,200
99$726,810,129$61,900,698$27,372,271$381,466,591
100$800,693,401$64,682,472$28,037,881$418,479,734