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%15.2%
1 years$726,696$720,223$713,907$707,743$701,724$686,714
2 years$359,750$353,050$346,557$340,261$334,154$319,105
3 years$237,451$230,722$224,245$218,009$212,001$197,382
4 years$176,314$169,605$163,193$157,063$151,201$137,125
5 years$139,641$132,973$126,645$120,639$114,941$101,448
6 years$115,200$108,582$102,348$96,476$90,949$78,053
7 years$97,749$91,187$85,051$79,318$73,966$61,670
8 years$84,667$78,164$72,130$66,538$61,362$49,661
9 years$74,498$68,056$62,126$56,676$51,675$40,563
10 years$66,367$59,988$54,163$48,855$44,030$33,493
11 years$59,718$53,404$47,684$42,519$37,867$27,893
12 years$54,182$47,932$42,318$37,295$32,815$23,388
13 years$49,501$43,317$37,809$32,925$28,615$19,719
14 years$45,493$39,374$33,971$29,228$25,084$16,701
15 years$42,022$35,969$30,671$26,066$22,086$14,198
16 years$38,987$33,001$27,808$23,339$19,520$12,107
17 years$36,313$30,392$25,304$20,970$17,307$10,351
18 years$33,938$28,084$23,100$18,898$15,389$8,869
19 years$31,816$26,028$21,147$17,076$13,717$7,614
20 years$29,908$24,186$19,407$15,466$12,252$6,546
21 years$28,185$22,529$17,851$14,036$10,964$5,636
22 years$26,620$21,030$16,452$12,762$9,828$4,858
23 years$25,193$19,669$15,191$11,623$8,822$4,191
24 years$23,887$18,428$14,049$10,601$7,929$3,619
25 years$22,688$17,294$13,012$9,681$7,135$3,127
26 years$21,582$16,254$12,068$8,852$6,427$2,704
27 years$20,560$15,296$11,206$8,102$5,795$2,339
28 years$19,613$14,414$10,418$7,423$5,229$2,024
29 years$18,733$13,598$9,695$6,807$4,721$1,753
30 years$17,913$12,842$9,030$6,248$4,266$1,518
31 years$17,147$12,140$8,419$5,738$3,857$1,315
32 years$16,431$11,487$7,855$5,273$3,489$1,140
33 years$15,760$10,878$7,334$4,849$3,157$988
34 years$15,129$10,310$6,852$4,462$2,859$857
35 years$14,536$9,779$6,407$4,107$2,589$743
36 years$13,976$9,281$5,993$3,783$2,346$644
37 years$13,449$8,815$5,609$3,485$2,126$559
38 years$12,950$8,378$5,253$3,212$1,928$485
39 years$12,478$7,966$4,922$2,962$1,748$420
40 years$12,031$7,579$4,613$2,732$1,585$365
41 years$11,607$7,215$4,325$2,521$1,438$317
42 years$11,204$6,871$4,057$2,326$1,305$275
43 years$10,820$6,547$3,807$2,147$1,185$238
44 years$10,456$6,240$3,574$1,983$1,075$207
45 years$10,108$5,951$3,356$1,831$976$179
46 years$9,777$5,677$3,152$1,691$886$156
47 years$9,460$5,417$2,961$1,563$805$135
48 years$9,158$5,172$2,783$1,444$731$117
49 years$8,869$4,939$2,615$1,335$664$102
50 years$8,592$4,718$2,459$1,233$603$88

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 $6,215 every year, while hoping to spend $22,354 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: 64/7/29 Blend
52$8,800,000$8,800,000$8,800,000$8,800,000
53$9,704,011$9,237,611$9,101,211$10,249,629
54$10,670,035$9,666,469$9,382,317$11,049,058
55$11,733,845$10,115,593$9,672,091$11,919,229
56$12,905,391$10,585,950$9,970,799$12,869,623
57$14,195,637$11,078,558$10,278,717$13,908,131
58$15,616,666$11,594,481$10,596,129$15,043,436
59$17,181,792$12,134,837$10,923,325$16,285,098
60$18,905,686$12,700,795$11,260,607$17,643,641
61$20,804,515$13,293,582$11,608,286$19,130,651
62$22,896,093$13,914,486$11,966,681$20,758,881
63$25,200,052$14,564,853$12,336,123$22,542,377
64$27,738,024$15,246,098$12,716,950$24,496,599
65$30,533,848$15,959,702$13,109,513$26,638,575
66$33,613,792$16,707,219$13,514,173$28,987,053
67$37,006,804$17,490,277$13,931,303$31,562,681
68$40,744,781$18,310,584$14,361,285$34,388,197
69$44,862,875$19,169,930$14,804,515$37,488,642
70$49,399,822$20,070,190$15,261,400$40,891,595
71$54,398,307$21,013,333$15,732,360$44,627,432
72$59,905,369$22,001,420$16,217,828$48,729,609
73$65,972,841$23,036,614$16,718,249$53,234,976
74$72,657,844$24,121,182$17,234,085$58,184,125
75$80,023,325$25,257,501$17,765,807$63,621,766
76$88,138,648$26,448,062$18,313,906$69,597,150
77$97,080,252$27,695,479$18,878,883$76,164,530
78$106,932,370$29,002,490$19,461,258$83,383,672
79$117,787,827$30,371,967$20,061,566$91,320,415
80$129,748,915$31,806,922$20,680,357$100,047,288
81$142,928,354$33,310,512$21,318,200$109,644,194
82$157,450,366$34,886,047$21,975,679$120,199,162
83$173,451,838$36,536,997$22,653,398$131,809,172
84$191,083,618$38,267,003$23,351,980$144,581,068
85$210,511,940$40,079,879$24,072,064$158,632,564
86$231,919,991$41,979,626$24,814,312$174,093,349
87$255,509,642$43,970,440$25,579,403$191,106,312
88$281,503,353$46,056,719$26,368,040$209,828,881
89$310,146,272$48,243,074$27,180,946$230,434,512
90$341,708,550$50,534,343$28,018,866$253,114,314
91$376,487,892$52,935,596$28,882,568$278,078,857
92$414,812,367$55,452,150$29,772,844$305,560,147
93$457,043,503$58,089,581$30,690,510$335,813,818
94$503,579,704$60,853,734$31,636,406$369,121,538
95$554,860,008$63,750,740$32,611,399$405,793,661
96$611,368,230$66,787,028$33,616,382$446,172,152
97$673,637,534$69,969,337$34,652,276$490,633,814
98$742,255,465$73,304,737$35,720,029$539,593,831
99$817,869,492$76,800,639$36,820,619$593,509,689
100$901,193,124$80,464,815$37,955,055$652,885,486