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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$710,180$703,854$697,682$691,658$685,776$675,249
2 years$351,574$345,026$338,681$332,528$326,560$315,980
3 years$232,055$225,479$219,149$213,054$207,183$196,879
4 years$172,307$165,751$159,484$153,493$147,765$137,816
5 years$136,467$129,951$123,766$117,898$112,328$102,764
6 years$112,582$106,114$100,022$94,284$88,882$79,712
7 years$95,528$89,115$83,118$77,516$72,285$63,513
8 years$82,743$76,388$70,491$65,026$59,967$51,592
9 years$72,804$66,509$60,714$55,388$50,501$42,519
10 years$64,858$58,625$52,932$47,745$43,029$35,433
11 years$58,361$52,190$46,600$41,552$37,007$29,789
12 years$52,951$46,843$41,357$36,447$32,069$25,221
13 years$48,376$42,332$36,949$32,177$27,965$21,477
14 years$44,459$38,479$33,199$28,563$24,514$18,375
15 years$41,066$35,151$29,974$25,473$21,584$15,783
16 years$38,101$32,251$27,176$22,809$19,076$13,602
17 years$35,488$29,702$24,729$20,493$16,914$11,755
18 years$33,167$27,446$22,575$18,469$15,039$10,182
19 years$31,093$25,436$20,666$16,688$13,405$8,838
20 years$29,229$23,637$18,966$15,114$11,973$7,685
21 years$27,544$22,017$17,445$13,717$10,715$6,692
22 years$26,015$20,552$16,078$12,472$9,604$5,835
23 years$24,621$19,222$14,846$11,359$8,621$5,093
24 years$23,344$18,009$13,730$10,360$7,749$4,450
25 years$22,172$16,901$12,716$9,461$6,973$3,891
26 years$21,092$15,884$11,794$8,651$6,281$3,405
27 years$20,093$14,949$10,952$7,918$5,663$2,981
28 years$19,168$14,086$10,181$7,255$5,110$2,612
29 years$18,307$13,289$9,474$6,653$4,614$2,290
30 years$17,506$12,550$8,825$6,106$4,169$2,008
31 years$16,758$11,864$8,227$5,607$3,769$1,761
32 years$16,058$11,225$7,676$5,153$3,409$1,545
33 years$15,401$10,631$7,167$4,739$3,086$1,356
34 years$14,785$10,076$6,697$4,360$2,794$1,191
35 years$14,205$9,556$6,261$4,014$2,530$1,046
36 years$13,659$9,070$5,857$3,697$2,293$919
37 years$13,143$8,615$5,482$3,406$2,078$807
38 years$12,656$8,187$5,134$3,139$1,884$709
39 years$12,195$7,785$4,810$2,895$1,708$623
40 years$11,758$7,407$4,508$2,670$1,549$547
41 years$11,343$7,051$4,227$2,463$1,406$481
42 years$10,949$6,715$3,965$2,273$1,276$423
43 years$10,575$6,398$3,721$2,099$1,158$372
44 years$10,218$6,099$3,493$1,938$1,051$327
45 years$9,878$5,816$3,279$1,790$954$287
46 years$9,554$5,548$3,080$1,653$866$253
47 years$9,245$5,294$2,894$1,527$786$222
48 years$8,950$5,054$2,719$1,411$714$195
49 years$8,667$4,826$2,556$1,304$649$172
50 years$8,397$4,610$2,403$1,205$589$151

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 $4,224 every year, while hoping to spend $38,529 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: 46/28/26 Blend
52$8,600,000$8,600,000$8,600,000$8,600,000
53$9,481,557$9,025,757$8,892,457$9,846,626
54$10,407,681$9,427,025$9,149,360$10,506,135
55$11,426,979$9,846,663$9,413,577$11,217,181
56$12,548,913$10,285,532$9,685,314$11,987,927
57$13,783,910$10,744,531$9,964,781$12,823,980
58$15,143,460$11,224,604$10,252,192$13,731,498
59$16,640,222$11,726,738$10,547,769$14,717,250
60$18,288,146$12,251,969$10,851,740$15,788,671
61$20,102,602$12,801,382$11,164,339$16,953,935
62$22,100,529$13,376,110$11,485,806$18,222,026
63$24,300,589$13,977,346$11,816,387$19,602,820
64$26,723,348$14,606,335$12,156,335$21,107,178
65$29,391,468$15,264,384$12,505,910$22,747,040
66$32,329,919$15,952,861$12,865,380$24,535,538
67$35,566,219$16,673,199$13,235,019$26,487,117
68$39,130,690$17,426,902$13,615,108$28,617,663
69$43,056,742$18,215,542$14,005,936$30,944,655
70$47,381,196$19,040,770$14,407,801$33,487,321
71$52,144,623$19,904,313$14,821,007$36,266,817
72$57,391,732$20,807,981$15,245,868$39,306,423
73$63,171,789$21,753,673$15,682,705$42,631,757
74$69,539,084$22,743,375$16,131,849$46,271,012
75$76,553,442$23,779,172$16,593,637$50,255,219
76$84,280,788$24,863,246$17,068,419$54,618,529
77$92,793,768$25,997,885$17,556,551$59,398,538
78$102,172,437$27,185,486$18,058,400$64,636,630
79$112,505,012$28,428,561$18,574,342$70,378,362
80$123,888,706$29,729,743$19,104,765$76,673,892
81$136,430,644$31,091,791$19,650,065$83,578,440
82$150,248,876$32,517,595$20,210,649$91,152,807
83$165,473,491$34,010,187$20,786,935$99,463,940
84$182,247,842$35,572,741$21,379,352$108,585,556
85$200,729,903$37,208,586$21,988,341$118,598,831
86$221,093,756$38,921,210$22,614,354$129,593,158
87$243,531,239$40,714,269$23,257,855$141,666,980
88$268,253,751$42,591,595$23,919,319$154,928,716
89$295,494,253$44,557,202$24,599,236$169,497,767
90$325,509,463$46,615,301$25,298,106$185,505,640
91$358,582,280$48,770,303$26,016,444$203,097,178
92$395,024,457$51,026,831$26,754,779$222,431,914
93$435,179,539$53,389,733$27,513,652$243,685,567
94$479,426,111$55,864,089$28,293,618$267,051,692
95$528,181,368$58,455,224$29,095,248$292,743,491
96$581,905,057$61,168,718$29,919,128$320,995,815
97$641,103,811$64,010,424$30,765,857$352,067,367
98$706,335,937$66,986,472$31,636,051$386,243,131
99$778,216,686$70,103,293$32,530,342$423,837,048
100$857,424,058$73,367,624$33,449,378$465,194,964