Can I retire at age 53 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$734,954$728,407$722,020$715,786$709,698$685,336
2 years$363,838$357,062$350,495$344,128$337,952$313,655
3 years$240,150$233,344$226,794$220,486$214,410$190,943
4 years$178,317$171,533$165,048$158,848$152,919$130,460
5 years$141,228$134,484$128,084$122,010$116,247$94,855
6 years$116,509$109,816$103,511$97,573$91,982$71,675
7 years$98,860$92,223$86,018$80,220$74,806$55,580
8 years$85,629$79,052$72,950$67,294$62,059$43,899
9 years$75,344$68,829$62,832$57,320$52,263$35,145
10 years$67,121$60,670$54,778$49,410$44,530$28,428
11 years$60,397$54,011$48,226$43,002$38,298$23,179
12 years$54,798$48,477$42,799$37,718$33,188$19,017
13 years$50,064$43,809$38,238$33,300$28,940$15,681
14 years$46,010$39,821$34,357$29,560$25,369$12,982
15 years$42,499$36,377$31,020$26,362$22,337$10,783
16 years$39,430$33,376$28,124$23,604$19,741$8,981
17 years$36,726$30,738$25,592$21,208$17,504$7,496
18 years$34,324$28,403$23,362$19,113$15,564$6,268
19 years$32,178$26,324$21,387$17,270$13,872$5,249
20 years$30,248$24,461$19,628$15,642$12,391$4,401
21 years$28,505$22,785$18,054$14,196$11,089$3,694
22 years$26,922$21,269$16,639$12,907$9,939$3,103
23 years$25,479$19,892$15,363$11,755$8,922$2,609
24 years$24,159$18,638$14,209$10,721$8,019$2,194
25 years$22,946$17,490$13,160$9,791$7,216$1,847
26 years$21,828$16,438$12,205$8,952$6,500$1,555
27 years$20,794$15,470$11,334$8,194$5,860$1,310
28 years$19,836$14,578$10,536$7,508$5,288$1,103
29 years$18,946$13,752$9,805$6,885$4,775$930
30 years$18,117$12,988$9,133$6,319$4,314$784
31 years$17,342$12,278$8,514$5,803$3,901$661
32 years$16,618$11,617$7,944$5,333$3,528$557
33 years$15,939$11,002$7,417$4,904$3,193$470
34 years$15,301$10,427$6,930$4,512$2,891$396
35 years$14,701$9,890$6,479$4,154$2,619$334
36 years$14,135$9,387$6,061$3,826$2,373$282
37 years$13,602$8,915$5,673$3,525$2,150$238
38 years$13,097$8,473$5,313$3,249$1,949$201
39 years$12,620$8,057$4,977$2,996$1,768$169
40 years$12,168$7,665$4,665$2,763$1,604$143
41 years$11,739$7,297$4,375$2,549$1,455$121
42 years$11,331$6,949$4,104$2,353$1,320$102
43 years$10,943$6,621$3,851$2,172$1,198$86
44 years$10,574$6,311$3,614$2,005$1,087$72
45 years$10,223$6,018$3,394$1,852$987$61
46 years$9,888$5,741$3,188$1,711$896$52
47 years$9,568$5,479$2,995$1,580$814$43
48 years$9,262$5,230$2,814$1,460$739$37
49 years$8,969$4,995$2,645$1,350$671$31
50 years$8,690$4,771$2,487$1,248$610$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,900,000, adding $2,787 every year, while hoping to spend $59,232 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: 51/31/18 Blend
52$8,900,000$8,900,000$8,900,000$8,900,000
53$9,810,675$9,338,975$9,201,025$10,262,193
54$10,748,341$9,733,562$9,446,237$10,967,939
55$11,779,664$10,145,499$9,697,678$11,728,442
56$12,914,135$10,575,573$9,955,495$12,554,005
57$14,162,209$11,024,609$10,219,836$13,450,799
58$15,535,408$11,493,468$10,490,855$14,425,610
59$17,046,426$11,983,054$10,768,704$15,485,894
60$18,709,249$12,494,312$11,053,544$16,639,848
61$20,539,290$13,028,230$11,345,535$17,896,486
62$22,553,527$13,585,844$11,644,840$19,265,719
63$24,770,673$14,168,236$11,951,628$20,758,446
64$27,211,343$14,776,541$12,266,070$22,386,654
65$29,898,255$15,411,946$12,588,338$24,163,529
66$32,856,439$16,075,694$12,918,609$26,103,577
67$36,113,478$16,769,085$13,257,064$28,222,755
68$39,699,764$17,493,481$13,603,887$30,538,623
69$43,648,786$18,250,308$13,959,263$33,070,500
70$47,997,447$19,041,058$14,323,384$35,839,648
71$52,786,411$19,867,294$14,696,442$38,869,464
72$58,060,486$20,730,653$15,078,634$42,185,700
73$63,869,048$21,632,846$15,470,160$45,816,702
74$70,266,503$22,575,669$15,871,223$49,793,668
75$77,312,808$23,560,998$16,282,030$54,150,945
76$85,074,029$24,590,801$16,702,792$58,926,341
77$93,622,966$25,667,137$17,133,722$64,161,481
78$103,039,843$26,792,161$17,575,037$69,902,196
79$113,413,063$27,968,133$18,026,957$76,198,944
80$124,840,041$29,197,417$18,489,705$83,107,286
81$137,428,125$30,482,490$18,963,509$90,688,401
82$151,295,606$31,825,944$19,448,599$99,009,658
83$166,572,840$33,230,497$19,945,209$108,145,246
84$183,403,471$34,698,994$20,453,576$118,176,867
85$201,945,793$36,234,413$20,973,939$129,194,497
86$222,374,240$37,839,875$21,506,542$141,297,234
87$244,881,033$39,518,649$22,051,631$154,594,217
88$269,677,994$41,274,158$22,609,456$169,205,656
89$296,998,547$43,109,989$23,180,270$185,263,953
90$327,099,918$45,029,898$23,764,329$202,914,944
91$360,265,566$47,037,819$24,361,890$222,319,265
92$396,807,855$49,137,874$24,973,215$243,653,863
93$437,071,007$51,334,381$25,598,569$267,113,649
94$481,434,347$53,631,862$26,238,217$292,913,332
95$530,315,883$56,035,056$26,892,430$321,289,433
96$584,176,255$58,548,926$27,561,479$352,502,507
97$643,523,082$61,178,673$28,245,638$386,839,587
98$708,915,752$63,929,744$28,945,182$424,616,884
99$780,970,705$66,807,847$29,660,392$466,182,758
100$860,367,247$69,818,961$30,391,545$511,920,990