Can I retire at age 53 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$693,664$687,485$681,457$675,573$669,828$662,557
2 years$343,398$337,003$330,804$324,795$318,966$311,645
3 years$226,658$220,235$214,052$208,099$202,365$195,221
4 years$168,299$161,896$155,775$149,924$144,328$137,417
5 years$133,293$126,928$120,888$115,156$109,716$103,057
6 years$109,964$103,647$97,695$92,091$86,815$80,416
7 years$93,306$87,042$81,185$75,713$70,604$64,469
8 years$80,819$74,611$68,852$63,514$58,572$52,701
9 years$71,111$64,963$59,302$54,100$49,326$43,715
10 years$63,350$57,261$51,701$46,634$42,029$36,674
11 years$57,004$50,976$45,517$40,586$36,146$31,044
12 years$51,719$45,754$40,395$35,599$31,323$26,469
13 years$47,251$41,348$36,090$31,429$27,315$22,702
14 years$43,425$37,584$32,427$27,899$23,944$19,566
15 years$40,111$34,334$29,277$24,881$21,082$16,933
16 years$37,215$31,501$26,544$22,278$18,632$14,704
17 years$34,662$29,011$24,154$20,017$16,521$12,806
18 years$32,396$26,807$22,050$18,039$14,689$11,181
19 years$30,370$24,845$20,185$16,300$13,093$9,783
20 years$28,549$23,087$18,525$14,763$11,695$8,576
21 years$26,904$21,505$17,040$13,398$10,466$7,530
22 years$25,410$20,074$15,705$12,182$9,381$6,621
23 years$24,048$18,775$14,500$11,094$8,421$5,828
24 years$22,802$17,591$13,410$10,119$7,569$5,136
25 years$21,656$16,508$12,421$9,241$6,811$4,530
26 years$20,601$15,515$11,520$8,449$6,135$3,999
27 years$19,626$14,601$10,697$7,734$5,531$3,532
28 years$18,722$13,759$9,944$7,086$4,991$3,122
29 years$17,882$12,980$9,254$6,498$4,507$2,761
30 years$17,099$12,258$8,620$5,964$4,072$2,443
31 years$16,368$11,588$8,036$5,477$3,682$2,163
32 years$15,684$10,964$7,498$5,034$3,330$1,915
33 years$15,043$10,383$7,001$4,629$3,014$1,697
34 years$14,441$9,841$6,541$4,259$2,729$1,503
35 years$13,875$9,334$6,115$3,921$2,471$1,332
36 years$13,341$8,860$5,721$3,611$2,239$1,181
37 years$12,837$8,415$5,354$3,327$2,030$1,047
38 years$12,361$7,997$5,014$3,066$1,840$929
39 years$11,911$7,604$4,698$2,827$1,669$824
40 years$11,484$7,235$4,403$2,608$1,513$731
41 years$11,079$6,887$4,129$2,406$1,373$648
42 years$10,694$6,559$3,873$2,221$1,246$575
43 years$10,329$6,249$3,634$2,050$1,131$511
44 years$9,980$5,957$3,411$1,893$1,026$453
45 years$9,649$5,680$3,203$1,748$932$402
46 years$9,332$5,419$3,009$1,615$846$357
47 years$9,030$5,171$2,826$1,492$768$317
48 years$8,741$4,937$2,656$1,378$698$281
49 years$8,465$4,714$2,497$1,274$634$250
50 years$8,201$4,503$2,347$1,177$575$222

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,400,000, adding $3,877 every year, while hoping to spend $53,911 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: 31/41/28 Blend
52$8,400,000$8,400,000$8,400,000$8,400,000
53$9,260,799$8,815,599$8,685,399$9,468,312
54$10,148,040$9,190,203$8,918,999$10,003,872
55$11,123,972$9,581,355$9,158,618$10,574,952
56$12,197,586$9,989,810$9,404,400$11,188,630
57$13,378,785$10,416,356$9,656,493$11,848,673
58$14,678,484$10,861,821$9,915,049$12,559,208
59$16,108,707$11,327,067$10,180,220$13,324,759
60$17,682,703$11,813,001$10,452,165$14,150,287
61$19,415,069$12,320,569$10,731,044$15,041,233
62$21,321,893$12,850,763$11,017,020$16,003,566
63$23,420,896$13,404,621$11,310,260$17,043,835
64$25,731,609$13,983,229$11,610,936$18,169,230
65$28,275,551$14,587,725$11,919,220$19,387,641
66$31,076,434$15,219,300$12,235,290$20,707,732
67$34,160,385$15,879,200$12,559,327$22,139,018
68$37,556,195$16,568,732$12,891,515$23,691,949
69$41,295,588$17,289,261$13,232,043$25,378,005
70$45,413,522$18,042,219$13,581,100$27,209,800
71$49,948,518$18,829,104$13,938,884$29,201,193
72$54,943,022$19,651,486$14,305,591$31,367,419
73$60,443,808$20,511,006$14,681,426$33,725,220
74$66,502,416$21,409,385$15,066,594$36,293,005
75$73,175,643$22,348,426$15,461,305$39,091,011
76$80,526,074$23,330,014$15,865,774$42,141,493
77$88,622,673$24,356,124$16,280,218$45,468,924
78$97,541,439$25,428,827$16,704,858$49,100,219
79$107,366,115$26,550,289$17,139,919$53,064,985
80$118,188,984$27,722,779$17,585,633$57,395,790
81$130,111,740$28,948,674$18,042,230$62,128,464
82$143,246,441$30,230,463$18,509,949$67,302,429
83$157,716,577$31,570,755$18,989,031$72,961,062
84$173,658,225$32,972,279$19,479,721$79,152,097
85$191,221,339$34,437,896$19,982,267$85,928,062
86$210,571,166$35,970,602$20,496,923$93,346,771
87$231,889,800$37,573,537$21,023,945$101,471,857
88$255,377,906$39,249,987$21,563,594$110,373,359
89$281,256,613$41,003,397$22,116,135$120,128,378
90$309,769,598$42,837,374$22,681,835$130,821,788
91$341,185,389$44,755,697$23,260,969$142,547,029
92$375,799,898$46,762,326$23,853,811$155,406,973
93$413,939,216$48,861,408$24,460,642$169,514,884
94$455,962,688$51,057,289$25,081,745$184,995,474
95$502,266,306$53,354,520$25,717,407$201,986,062
96$553,286,449$55,757,871$26,367,921$220,637,860
97$609,504,000$58,272,340$27,033,579$241,117,381
98$671,448,884$60,903,161$27,714,680$263,607,999
99$739,705,074$63,655,820$28,411,526$288,311,654
100$814,916,100$66,536,064$29,124,420$315,450,752