Can I retire at age 53 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$718,438$712,038$705,795$699,701$693,750$666,488
2 years$355,662$349,038$342,619$336,395$330,357$303,225
3 years$234,753$228,100$221,697$215,531$209,592$183,444
4 years$174,310$167,678$161,339$155,278$149,483$124,517
5 years$138,054$131,462$125,205$119,269$113,635$89,915
6 years$113,891$107,348$101,185$95,380$89,915$67,458
7 years$96,638$90,151$84,085$78,417$73,125$51,922
8 years$83,705$77,276$71,311$65,782$60,664$40,694
9 years$73,651$67,283$61,420$56,032$51,088$32,321
10 years$65,612$59,306$53,547$48,300$43,530$25,930
11 years$59,040$52,797$47,142$42,035$37,437$20,963
12 years$53,566$47,388$41,837$36,871$32,442$17,051
13 years$48,939$42,825$37,379$32,551$28,290$13,935
14 years$44,976$38,926$33,585$28,895$24,799$11,433
15 years$41,544$35,560$30,323$25,770$21,835$9,408
16 years$38,544$32,626$27,492$23,074$19,298$7,762
17 years$35,900$30,047$25,017$20,732$17,111$6,417
18 years$33,553$27,765$22,837$18,683$15,214$5,313
19 years$31,454$25,732$20,906$16,882$13,561$4,406
20 years$29,569$23,911$19,187$15,290$12,113$3,658
21 years$27,864$22,273$17,648$13,877$10,839$3,039
22 years$26,317$20,791$16,265$12,617$9,716$2,527
23 years$24,907$19,445$15,018$11,491$8,722$2,103
24 years$23,616$18,219$13,889$10,480$7,839$1,751
25 years$22,430$17,097$12,864$9,571$7,054$1,458
26 years$21,337$16,069$11,931$8,751$6,354$1,215
27 years$20,327$15,123$11,079$8,010$5,729$1,013
28 years$19,390$14,250$10,299$7,339$5,169$844
29 years$18,520$13,443$9,584$6,730$4,668$704
30 years$17,709$12,696$8,928$6,177$4,217$587
31 years$16,953$12,002$8,323$5,673$3,813$490
32 years$16,244$11,356$7,765$5,213$3,449$408
33 years$15,580$10,754$7,251$4,794$3,121$341
34 years$14,957$10,193$6,775$4,411$2,826$284
35 years$14,370$9,668$6,334$4,061$2,560$237
36 years$13,818$9,176$5,925$3,740$2,319$198
37 years$13,296$8,715$5,546$3,446$2,102$165
38 years$12,803$8,282$5,193$3,176$1,906$138
39 years$12,336$7,876$4,866$2,928$1,728$115
40 years$11,894$7,493$4,561$2,701$1,567$96
41 years$11,475$7,133$4,276$2,492$1,422$80
42 years$11,076$6,793$4,011$2,300$1,290$67
43 years$10,697$6,472$3,764$2,123$1,171$56
44 years$10,337$6,169$3,533$1,960$1,063$47
45 years$9,993$5,883$3,318$1,810$965$39
46 years$9,665$5,612$3,116$1,672$876$32
47 years$9,353$5,356$2,927$1,545$796$27
48 years$9,054$5,113$2,751$1,428$723$23
49 years$8,768$4,883$2,586$1,319$656$19
50 years$8,494$4,664$2,431$1,219$596$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,700,000, adding $5,994 every year, while hoping to spend $21,915 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: 32/46/22 Blend
52$8,700,000$8,700,000$8,700,000$8,700,000
53$9,593,583$9,132,483$8,997,633$9,835,274
54$10,548,811$9,556,657$9,275,736$10,441,885
55$11,600,738$10,000,881$9,562,421$11,092,422
56$12,759,203$10,466,115$9,857,953$11,792,679
57$14,035,051$10,953,364$10,162,603$12,547,028
58$15,440,229$11,463,681$10,476,653$13,360,255
59$16,987,904$11,998,173$10,800,393$14,237,601
60$18,692,584$12,557,997$11,134,120$15,184,810
61$20,570,256$13,144,368$11,478,141$16,208,176
62$22,638,539$13,758,558$11,832,776$17,314,596
63$24,916,845$14,401,903$12,198,349$18,511,637
64$27,426,567$15,075,800$12,575,197$19,807,592
65$30,191,279$15,781,717$12,963,669$21,211,563
66$33,236,959$16,521,190$13,364,121$22,733,533
67$36,592,232$17,295,832$13,776,923$24,384,457
68$40,288,645$18,107,332$14,202,454$26,176,363
69$44,360,957$18,957,462$14,641,107$28,122,452
70$48,847,475$19,848,079$15,093,285$30,237,221
71$53,790,412$20,781,129$15,559,404$32,536,590
72$59,236,285$21,758,655$16,039,895$35,038,044
73$65,236,352$22,782,795$16,535,198$37,760,794
74$71,847,103$23,855,795$17,045,769$40,725,946
75$79,130,784$24,980,005$17,572,079$43,956,692
76$87,155,992$26,157,893$18,114,612$47,478,524
77$95,998,318$27,392,045$18,673,866$51,319,457
78$105,741,062$28,685,171$19,250,356$55,510,294
79$116,476,020$30,040,114$19,844,613$60,084,897
80$128,304,349$31,459,854$20,457,182$65,080,500
81$141,337,522$32,947,517$21,088,628$70,538,049
82$155,698,382$34,506,378$21,739,529$76,502,578
83$171,522,299$36,139,873$22,410,486$83,023,615
84$188,958,451$37,851,604$23,102,114$90,155,647
85$208,171,227$39,645,347$23,815,050$97,958,610
86$229,341,786$41,525,063$24,549,947$106,498,447
87$252,669,760$43,494,903$25,307,483$115,847,716
88$278,375,144$45,559,221$26,088,351$126,086,252
89$306,700,368$47,722,582$26,893,271$137,301,914
90$337,912,590$49,989,774$27,722,980$149,591,390
91$372,306,216$52,365,814$28,578,242$163,061,094
92$410,205,678$54,855,967$29,459,840$177,828,152
93$451,968,498$57,465,750$30,368,586$194,021,488
94$497,988,663$60,200,950$31,305,312$211,783,020
95$548,700,346$63,067,636$32,270,879$231,268,979
96$604,582,001$66,072,170$33,266,173$252,651,357
97$666,160,883$69,221,224$34,292,108$276,119,514
98$734,018,023$72,521,794$35,349,624$301,881,935
99$808,793,717$75,981,218$36,439,692$330,168,175
100$891,193,566$79,607,187$37,563,311$361,230,996