Can I retire at age 53 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$710,180$703,854$697,682$691,658$685,776$668,655
2 years$351,574$345,026$338,681$332,528$326,560$309,419
3 years$232,055$225,479$219,149$213,054$207,183$190,559
4 years$172,307$165,751$159,484$153,493$147,765$131,784
5 years$136,467$129,951$123,766$117,898$112,328$97,037
6 years$112,582$106,114$100,022$94,284$88,882$74,294
7 years$95,528$89,115$83,118$77,516$72,285$58,402
8 years$82,743$76,388$70,491$65,026$59,967$46,784
9 years$72,804$66,509$60,714$55,388$50,501$38,006
10 years$64,858$58,625$52,932$47,745$43,029$31,207
11 years$58,361$52,190$46,600$41,552$37,007$25,841
12 years$52,951$46,843$41,357$36,447$32,069$21,540
13 years$48,376$42,332$36,949$32,177$27,965$18,052
14 years$44,459$38,479$33,199$28,563$24,514$15,196
15 years$41,066$35,151$29,974$25,473$21,584$12,837
16 years$38,101$32,251$27,176$22,809$19,076$10,877
17 years$35,488$29,702$24,729$20,493$16,914$9,239
18 years$33,167$27,446$22,575$18,469$15,039$7,864
19 years$31,093$25,436$20,666$16,688$13,405$6,706
20 years$29,229$23,637$18,966$15,114$11,973$5,727
21 years$27,544$22,017$17,445$13,717$10,715$4,896
22 years$26,015$20,552$16,078$12,472$9,604$4,191
23 years$24,621$19,222$14,846$11,359$8,621$3,590
24 years$23,344$18,009$13,730$10,360$7,749$3,078
25 years$22,172$16,901$12,716$9,461$6,973$2,641
26 years$21,092$15,884$11,794$8,651$6,281$2,267
27 years$20,093$14,949$10,952$7,918$5,663$1,947
28 years$19,168$14,086$10,181$7,255$5,110$1,673
29 years$18,307$13,289$9,474$6,653$4,614$1,438
30 years$17,506$12,550$8,825$6,106$4,169$1,236
31 years$16,758$11,864$8,227$5,607$3,769$1,063
32 years$16,058$11,225$7,676$5,153$3,409$914
33 years$15,401$10,631$7,167$4,739$3,086$787
34 years$14,785$10,076$6,697$4,360$2,794$677
35 years$14,205$9,556$6,261$4,014$2,530$582
36 years$13,659$9,070$5,857$3,697$2,293$501
37 years$13,143$8,615$5,482$3,406$2,078$431
38 years$12,656$8,187$5,134$3,139$1,884$371
39 years$12,195$7,785$4,810$2,895$1,708$320
40 years$11,758$7,407$4,508$2,670$1,549$275
41 years$11,343$7,051$4,227$2,463$1,406$237
42 years$10,949$6,715$3,965$2,273$1,276$204
43 years$10,575$6,398$3,721$2,099$1,158$176
44 years$10,218$6,099$3,493$1,938$1,051$151
45 years$9,878$5,816$3,279$1,790$954$130
46 years$9,554$5,548$3,080$1,653$866$112
47 years$9,245$5,294$2,894$1,527$786$97
48 years$8,950$5,054$2,719$1,411$714$83
49 years$8,667$4,826$2,556$1,304$649$72
50 years$8,397$4,610$2,403$1,205$589$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,600,000, adding $6,922 every year, while hoping to spend $34,030 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: 56/31/13 Blend
52$8,600,000$8,600,000$8,600,000$8,600,000
53$9,484,340$9,028,540$8,895,240$9,983,539
54$10,415,535$9,434,731$9,157,023$10,728,783
55$11,440,571$9,859,684$9,426,435$11,535,828
56$12,568,985$10,304,284$9,703,696$12,414,116
57$13,811,283$10,769,456$9,989,032$13,370,461
58$15,179,044$11,256,169$10,282,674$14,412,357
59$16,685,026$11,765,441$10,584,863$15,548,037
60$18,343,285$12,298,334$10,895,843$16,786,558
61$20,169,314$12,855,966$11,215,866$18,137,875
62$22,180,180$13,439,504$11,545,194$19,612,937
63$24,394,693$14,050,174$11,884,092$21,223,786
64$26,833,578$14,689,260$12,232,836$22,983,666
65$29,519,674$15,358,105$12,591,708$24,907,147
66$32,478,148$16,058,119$12,960,997$27,010,257
67$35,736,731$16,790,779$13,341,003$29,310,630
68$39,325,983$17,557,633$13,732,032$31,827,670
69$43,279,578$18,360,301$14,134,399$34,582,727
70$47,634,624$19,200,485$14,548,430$37,599,299
71$52,432,011$20,079,964$14,974,458$40,903,242
72$57,716,799$21,000,605$15,412,825$44,523,019
73$63,538,642$21,964,364$15,863,885$48,489,955
74$69,952,257$22,973,292$16,327,998$52,838,532
75$77,017,940$24,029,536$16,805,539$57,606,709
76$84,802,136$25,135,348$17,296,890$62,836,273
77$93,378,062$26,293,089$17,802,445$68,573,232
78$102,826,406$27,505,232$18,322,608$74,868,235
79$113,236,080$28,774,369$18,857,796$81,777,053
80$124,705,064$30,103,217$19,408,436$89,361,091
81$137,341,329$31,494,623$19,974,967$97,687,968
82$151,263,859$32,951,574$20,557,843$106,832,139
83$166,603,769$34,477,198$21,157,527$116,875,601
84$183,505,546$36,074,773$21,774,497$127,908,649
85$202,128,413$37,747,738$22,409,243$140,030,727
86$222,647,828$39,499,694$23,062,271$153,351,354
87$245,257,148$41,334,420$23,734,097$167,991,150
88$270,169,443$43,255,874$24,425,257$184,082,968
89$297,619,520$45,268,204$25,136,296$201,773,131
90$327,866,126$47,375,762$25,867,777$221,222,811
91$361,194,404$49,583,107$26,620,280$242,609,534
92$397,918,572$51,895,019$27,394,399$266,128,845
93$438,384,900$54,316,508$28,190,745$291,996,147
94$482,974,970$56,852,826$29,009,944$320,448,713
95$532,109,283$59,509,481$29,852,644$351,747,921
96$586,251,229$62,292,245$30,719,506$386,181,704
97$645,911,457$65,207,168$31,611,213$424,067,255
98$711,652,700$68,260,594$32,528,463$465,754,004
99$784,095,086$71,459,174$33,471,978$511,626,904
100$863,921,991$74,809,879$34,442,494$562,110,045