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%19.6%
1 years$685,406$679,301$673,344$667,531$661,854$636,348
2 years$339,310$332,991$326,866$320,928$315,168$289,776
3 years$223,960$217,613$211,504$205,622$199,956$175,476
4 years$166,296$159,969$153,921$148,139$142,610$119,229
5 years$131,707$125,417$119,449$113,785$108,410$86,188
6 years$108,655$102,413$96,532$90,995$85,781$64,733
7 years$92,195$86,006$80,219$74,812$69,763$49,882
8 years$79,857$73,723$68,032$62,758$57,875$39,142
9 years$70,265$64,189$58,596$53,456$48,739$31,126
10 years$62,596$56,580$51,085$46,079$41,528$25,003
11 years$56,325$50,370$44,975$40,103$35,716$20,240
12 years$51,104$45,209$39,914$35,176$30,950$16,485
13 years$46,689$40,856$35,660$31,055$26,989$13,491
14 years$42,908$37,137$32,041$27,567$23,659$11,084
15 years$39,634$33,925$28,929$24,585$20,831$9,134
16 years$36,772$31,126$26,228$22,013$18,411$7,547
17 years$34,250$28,665$23,867$19,779$16,324$6,248
18 years$32,010$26,488$21,787$17,824$14,515$5,182
19 years$30,008$24,549$19,945$16,106$12,937$4,303
20 years$28,209$22,812$18,305$14,587$11,556$3,578
21 years$26,583$21,249$16,837$13,239$10,341$2,977
22 years$25,107$19,835$15,518$12,037$9,269$2,480
23 years$23,762$18,551$14,328$10,962$8,321$2,067
24 years$22,530$17,381$13,251$9,998$7,479$1,723
25 years$21,399$16,311$12,273$9,131$6,730$1,438
26 years$20,356$15,330$11,382$8,349$6,062$1,200
27 years$19,392$14,427$10,570$7,642$5,465$1,002
28 years$18,499$13,595$9,826$7,002$4,931$836
29 years$17,669$12,825$9,144$6,421$4,453$699
30 years$16,895$12,112$8,517$5,893$4,024$584
31 years$16,173$11,450$7,940$5,412$3,638$488
32 years$15,497$10,834$7,408$4,974$3,291$407
33 years$14,864$10,260$6,917$4,574$2,978$340
34 years$14,269$9,724$6,463$4,208$2,696$284
35 years$13,710$9,223$6,042$3,874$2,442$238
36 years$13,182$8,754$5,653$3,568$2,213$199
37 years$12,685$8,314$5,291$3,287$2,005$166
38 years$12,214$7,902$4,955$3,030$1,818$139
39 years$11,769$7,514$4,642$2,794$1,649$116
40 years$11,347$7,149$4,351$2,577$1,495$97
41 years$10,947$6,805$4,080$2,377$1,357$81
42 years$10,567$6,481$3,827$2,194$1,231$68
43 years$10,206$6,175$3,591$2,025$1,117$57
44 years$9,862$5,886$3,371$1,870$1,014$47
45 years$9,534$5,613$3,165$1,727$921$40
46 years$9,221$5,354$2,973$1,595$836$33
47 years$8,923$5,110$2,793$1,474$759$28
48 years$8,637$4,878$2,624$1,362$689$23
49 years$8,365$4,658$2,467$1,259$626$19
50 years$8,104$4,450$2,319$1,163$569$16

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 $6,257 every year, while hoping to spend $29,787 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: 77/15/8 Blend
52$8,300,000$8,300,000$8,300,000$8,300,000
53$9,153,054$8,713,154$8,584,504$9,846,942
54$10,054,972$9,108,406$8,840,392$10,698,985
55$11,047,888$9,522,026$9,103,854$11,628,468
56$12,141,052$9,954,884$9,375,111$12,646,690
57$13,344,655$10,407,890$9,654,394$13,762,461
58$14,669,931$10,881,997$9,941,937$14,985,483
59$16,129,255$11,378,206$10,237,983$16,326,433
60$17,736,263$11,897,563$10,542,780$17,797,069
61$19,505,985$12,441,166$10,856,585$19,410,336
62$21,454,977$13,010,165$11,179,663$21,180,488
63$23,601,487$13,605,765$11,512,284$23,123,220
64$25,965,622$14,229,230$11,854,728$25,255,815
65$28,569,536$14,881,884$12,207,283$27,597,305
66$31,437,646$15,565,114$12,570,244$30,168,651
67$34,596,855$16,280,373$12,943,916$32,992,936
68$38,076,809$17,029,186$13,328,612$36,095,580
69$41,910,177$17,813,149$13,724,654$39,504,584
70$46,132,958$18,633,937$14,132,374$43,250,786
71$50,784,824$19,493,304$14,552,112$47,368,150
72$55,909,489$20,393,089$14,984,220$51,894,091
73$61,555,124$21,335,218$15,429,060$56,869,816
74$67,774,815$22,321,712$15,887,001$62,340,720
75$74,627,058$23,354,687$16,358,428$68,356,803
76$82,176,315$24,436,364$16,843,732$74,973,146
77$90,493,621$25,569,068$17,343,319$82,250,424
78$99,657,255$26,755,236$17,857,604$90,255,479
79$109,753,478$27,997,426$18,387,017$99,061,945
80$120,877,348$29,298,315$18,931,997$108,750,939
81$133,133,616$30,660,712$19,492,999$119,411,828
82$146,637,718$32,087,559$20,070,487$131,143,064
83$161,516,859$33,581,943$20,664,942$144,053,112
84$177,911,218$35,147,098$21,276,857$158,261,469
85$195,975,270$36,786,414$21,906,740$173,899,789
86$215,879,245$38,503,446$22,555,113$191,113,122
87$237,810,732$40,301,918$23,222,513$210,061,274
88$261,976,452$42,185,738$23,909,493$230,920,319
89$288,604,210$44,158,999$24,616,620$253,884,249
90$317,945,044$46,225,994$25,344,481$279,166,802
91$350,275,593$48,391,222$26,093,676$307,003,479
92$385,900,713$50,659,402$26,864,824$337,653,754
93$425,156,352$53,035,478$27,658,561$371,403,522
94$468,412,719$55,524,636$28,475,542$408,567,793
95$516,077,783$58,132,310$29,316,440$449,493,656
96$568,601,124$60,864,200$30,181,948$494,563,550
97$626,478,173$63,726,280$31,072,777$544,198,868
98$690,254,893$66,724,814$31,989,661$598,863,929
99$760,532,930$69,866,368$32,933,353$659,070,348
100$837,975,296$73,157,827$33,904,628$725,381,867