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%11.2%
1 years$726,696$720,223$713,907$707,743$701,724$698,180
2 years$359,750$353,050$346,557$340,261$334,154$330,578
3 years$237,451$230,722$224,245$218,009$212,001$208,503
4 years$176,314$169,605$163,193$157,063$151,201$147,807
5 years$139,641$132,973$126,645$120,639$114,941$111,662
6 years$115,200$108,582$102,348$96,476$90,949$87,789
7 years$97,749$91,187$85,051$79,318$73,966$70,927
8 years$84,667$78,164$72,130$66,538$61,362$58,444
9 years$74,498$68,056$62,126$56,676$51,675$48,878
10 years$66,367$59,988$54,163$48,855$44,030$41,352
11 years$59,718$53,404$47,684$42,519$37,867$35,306
12 years$54,182$47,932$42,318$37,295$32,815$30,369
13 years$49,501$43,317$37,809$32,925$28,615$26,282
14 years$45,493$39,374$33,971$29,228$25,084$22,861
15 years$42,022$35,969$30,671$26,066$22,086$19,971
16 years$38,987$33,001$27,808$23,339$19,520$17,509
17 years$36,313$30,392$25,304$20,970$17,307$15,398
18 years$33,938$28,084$23,100$18,898$15,389$13,578
19 years$31,816$26,028$21,147$17,076$13,717$12,001
20 years$29,908$24,186$19,407$15,466$12,252$10,628
21 years$28,185$22,529$17,851$14,036$10,964$9,428
22 years$26,620$21,030$16,452$12,762$9,828$8,377
23 years$25,193$19,669$15,191$11,623$8,822$7,453
24 years$23,887$18,428$14,049$10,601$7,929$6,638
25 years$22,688$17,294$13,012$9,681$7,135$5,919
26 years$21,582$16,254$12,068$8,852$6,427$5,283
27 years$20,560$15,296$11,206$8,102$5,795$4,718
28 years$19,613$14,414$10,418$7,423$5,229$4,218
29 years$18,733$13,598$9,695$6,807$4,721$3,772
30 years$17,913$12,842$9,030$6,248$4,266$3,376
31 years$17,147$12,140$8,419$5,738$3,857$3,023
32 years$16,431$11,487$7,855$5,273$3,489$2,708
33 years$15,760$10,878$7,334$4,849$3,157$2,427
34 years$15,129$10,310$6,852$4,462$2,859$2,175
35 years$14,536$9,779$6,407$4,107$2,589$1,951
36 years$13,976$9,281$5,993$3,783$2,346$1,750
37 years$13,449$8,815$5,609$3,485$2,126$1,570
38 years$12,950$8,378$5,253$3,212$1,928$1,409
39 years$12,478$7,966$4,922$2,962$1,748$1,265
40 years$12,031$7,579$4,613$2,732$1,585$1,136
41 years$11,607$7,215$4,325$2,521$1,438$1,020
42 years$11,204$6,871$4,057$2,326$1,305$916
43 years$10,820$6,547$3,807$2,147$1,185$823
44 years$10,456$6,240$3,574$1,983$1,075$739
45 years$10,108$5,951$3,356$1,831$976$664
46 years$9,777$5,677$3,152$1,691$886$597
47 years$9,460$5,417$2,961$1,563$805$536
48 years$9,158$5,172$2,783$1,444$731$482
49 years$8,869$4,939$2,615$1,335$664$433
50 years$8,592$4,718$2,459$1,233$603$389

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 $6,917 every year, while hoping to spend $27,352 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: 55/34/11 Blend
52$8,800,000$8,800,000$8,800,000$8,800,000
53$9,704,735$9,238,335$9,101,935$10,211,192
54$10,665,516$9,661,911$9,377,747$10,978,720
55$11,723,379$10,105,326$9,661,883$11,810,411
56$12,888,199$10,569,522$9,954,591$12,715,318
57$14,170,855$11,055,488$10,256,130$13,700,416
58$15,583,336$11,564,261$10,566,764$14,773,371
59$17,138,853$12,096,926$10,886,767$15,942,608
60$18,851,961$12,654,621$11,216,419$17,217,389
61$20,738,703$13,238,539$11,556,011$18,607,894
62$22,816,753$13,849,930$11,905,839$20,125,316
63$25,105,589$14,490,104$12,266,212$21,781,963
64$27,626,675$15,160,434$12,637,446$23,591,370
65$30,403,661$15,862,361$13,019,866$25,568,422
66$33,462,611$16,597,393$13,413,808$27,729,491
67$36,832,243$17,367,111$13,819,616$30,092,589
68$40,544,206$18,173,174$14,237,648$32,677,529
69$44,633,374$19,017,318$14,668,268$35,506,109
70$49,138,177$19,901,366$15,111,854$38,602,316
71$54,100,965$20,827,226$15,568,794$41,992,541
72$59,568,404$21,796,901$16,039,489$45,705,829
73$65,591,919$22,812,487$16,524,351$49,774,145
74$72,228,180$23,876,185$17,023,802$54,232,668
75$79,539,636$24,990,299$17,538,280$59,120,120
76$87,595,102$26,157,246$18,068,236$64,479,123
77$96,470,411$27,379,560$18,614,131$70,356,598
78$106,249,131$28,659,897$19,176,442$76,804,194
79$117,023,351$30,001,041$19,755,662$83,878,777
80$128,894,551$31,405,910$20,352,294$91,642,952
81$141,974,560$32,877,564$20,966,861$100,165,650
82$156,386,612$34,419,212$21,599,898$109,522,768
83$172,266,509$36,034,215$22,251,956$119,797,876
84$189,763,901$37,726,100$22,923,606$131,083,003
85$209,043,704$39,498,564$23,615,431$143,479,485
86$230,287,648$41,355,480$24,328,035$157,098,924
87$253,696,002$43,300,912$25,062,037$172,064,219
88$279,489,456$45,339,119$25,818,078$188,510,724
89$307,911,212$47,474,567$26,596,815$206,587,511
90$339,229,273$49,711,938$27,398,925$226,458,763
91$373,738,975$52,056,140$28,225,106$248,305,316
92$411,765,780$54,512,320$29,076,076$272,326,346
93$453,668,339$57,085,873$29,952,574$298,741,243
94$499,841,887$59,782,458$30,855,363$327,791,663
95$550,721,967$62,608,006$31,785,225$359,743,793
96$606,788,545$65,568,736$32,742,968$394,890,851
97$668,570,542$68,671,170$33,729,423$433,555,837
98$736,650,825$71,922,144$34,745,445$476,094,561
99$811,671,707$75,328,828$35,791,916$522,898,988
100$894,341,019$78,898,738$36,869,743$574,400,917