Can I retire at age 53 with 8,800,000?

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 $8,800,000?

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$726,696$720,223$713,907$707,743$701,724$690,953
2 years$359,750$353,050$346,557$340,261$334,154$323,328
3 years$237,451$230,722$224,245$218,009$212,001$201,458
4 years$176,314$169,605$163,193$157,063$151,201$141,021
5 years$139,641$132,973$126,645$120,639$114,941$105,153
6 years$115,200$108,582$102,348$96,476$90,949$81,566
7 years$97,749$91,187$85,051$79,318$73,966$64,990
8 years$84,667$78,164$72,130$66,538$61,362$52,792
9 years$74,498$68,056$62,126$56,676$51,675$43,507
10 years$66,367$59,988$54,163$48,855$44,030$36,257
11 years$59,718$53,404$47,684$42,519$37,867$30,482
12 years$54,182$47,932$42,318$37,295$32,815$25,808
13 years$49,501$43,317$37,809$32,925$28,615$21,976
14 years$45,493$39,374$33,971$29,228$25,084$18,802
15 years$42,022$35,969$30,671$26,066$22,086$16,150
16 years$38,987$33,001$27,808$23,339$19,520$13,918
17 years$36,313$30,392$25,304$20,970$17,307$12,028
18 years$33,938$28,084$23,100$18,898$15,389$10,419
19 years$31,816$26,028$21,147$17,076$13,717$9,044
20 years$29,908$24,186$19,407$15,466$12,252$7,864
21 years$28,185$22,529$17,851$14,036$10,964$6,847
22 years$26,620$21,030$16,452$12,762$9,828$5,970
23 years$25,193$19,669$15,191$11,623$8,822$5,211
24 years$23,887$18,428$14,049$10,601$7,929$4,553
25 years$22,688$17,294$13,012$9,681$7,135$3,982
26 years$21,582$16,254$12,068$8,852$6,427$3,484
27 years$20,560$15,296$11,206$8,102$5,795$3,051
28 years$19,613$14,414$10,418$7,423$5,229$2,673
29 years$18,733$13,598$9,695$6,807$4,721$2,343
30 years$17,913$12,842$9,030$6,248$4,266$2,054
31 years$17,147$12,140$8,419$5,738$3,857$1,802
32 years$16,431$11,487$7,855$5,273$3,489$1,581
33 years$15,760$10,878$7,334$4,849$3,157$1,388
34 years$15,129$10,310$6,852$4,462$2,859$1,219
35 years$14,536$9,779$6,407$4,107$2,589$1,070
36 years$13,976$9,281$5,993$3,783$2,346$940
37 years$13,449$8,815$5,609$3,485$2,126$826
38 years$12,950$8,378$5,253$3,212$1,928$725
39 years$12,478$7,966$4,922$2,962$1,748$637
40 years$12,031$7,579$4,613$2,732$1,585$560
41 years$11,607$7,215$4,325$2,521$1,438$492
42 years$11,204$6,871$4,057$2,326$1,305$433
43 years$10,820$6,547$3,807$2,147$1,185$380
44 years$10,456$6,240$3,574$1,983$1,075$334
45 years$10,108$5,951$3,356$1,831$976$294
46 years$9,777$5,677$3,152$1,691$886$258
47 years$9,460$5,417$2,961$1,563$805$227
48 years$9,158$5,172$2,783$1,444$731$200
49 years$8,869$4,939$2,615$1,335$664$176
50 years$8,592$4,718$2,459$1,233$603$154

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,800,000, adding $5,725 every year, while hoping to spend $20,735 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: 66/18/16 Blend
52$8,800,000$8,800,000$8,800,000$8,800,000
53$9,703,505$9,237,105$9,100,705$10,306,115
54$10,671,201$9,667,662$9,383,517$11,140,282
55$11,736,907$10,118,620$9,675,108$12,048,815
56$12,910,597$10,590,959$9,975,751$13,041,424
57$14,203,265$11,085,703$10,285,725$14,126,342
58$15,627,023$11,603,926$10,605,321$15,312,631
59$17,195,216$12,146,756$10,934,837$16,610,260
60$18,922,554$12,715,373$11,274,580$18,030,199
61$20,825,244$13,311,015$11,624,867$19,584,524
62$22,921,144$13,934,981$11,986,025$21,286,523
63$25,229,936$14,588,629$12,358,392$23,150,822
64$27,773,305$15,273,388$12,742,314$25,193,522
65$30,575,151$15,990,753$13,138,150$27,432,346
66$33,661,807$16,742,291$13,546,269$29,886,804
67$37,062,294$17,529,645$13,967,052$32,578,378
68$40,808,590$18,354,541$14,400,891$35,530,715
69$44,935,936$19,218,783$14,848,190$38,769,856
70$49,483,165$20,124,266$15,309,368$42,324,470
71$54,493,069$21,072,977$15,784,853$46,226,128
72$60,012,807$22,066,997$16,275,090$50,509,596
73$66,094,343$23,108,510$16,780,536$55,213,157
74$72,794,943$24,199,804$17,301,660$60,378,971
75$80,177,712$25,343,279$17,838,951$66,053,469
76$88,312,190$26,541,452$18,392,908$72,287,788
77$97,275,011$27,796,960$18,964,047$79,138,247
78$107,150,620$29,112,570$19,552,901$86,666,877
79$118,032,080$30,491,181$20,160,019$94,942,002
80$130,021,939$31,935,836$20,785,967$104,038,876
81$143,233,207$33,449,722$21,431,327$114,040,391
82$157,790,418$35,036,184$22,096,701$125,037,855
83$173,830,810$36,698,725$22,782,709$137,131,847
84$191,505,613$38,441,023$23,489,991$150,433,160
85$210,981,484$40,266,932$24,219,204$165,063,845
86$232,442,076$42,180,492$24,971,028$181,158,351
87$256,089,773$44,185,942$25,746,163$198,864,792
88$282,147,602$46,287,725$26,545,331$218,346,339
89$310,861,334$48,490,501$27,369,277$239,782,749
90$342,501,810$50,799,155$28,218,767$263,372,060
91$377,367,491$53,218,810$29,094,593$289,332,446
92$415,787,283$55,754,839$29,997,569$317,904,276
93$458,123,635$58,412,876$30,928,537$349,352,371
94$504,775,966$61,198,826$31,888,363$383,968,494
95$556,184,431$64,118,886$32,877,940$422,074,097
96$612,834,082$67,179,550$33,898,189$464,023,346
97$675,259,440$70,387,630$34,950,060$510,206,453
98$744,049,548$73,750,268$36,034,532$561,053,351
99$819,853,526$77,274,956$37,152,614$617,037,739
100$903,386,704$80,969,547$38,305,345$678,681,548