Can I retire at age 53 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$743,212$736,591$730,133$723,828$717,673$711,659
2 years$367,927$361,074$354,433$347,994$341,749$335,688
3 years$242,848$235,966$229,342$222,963$216,820$210,900
4 years$180,321$173,460$166,902$160,633$154,638$148,904
5 years$142,814$135,995$129,523$123,381$117,553$112,022
6 years$117,818$111,050$104,674$98,669$93,016$87,695
7 years$99,971$93,260$86,984$81,121$75,647$70,538
8 years$86,591$79,941$73,770$68,051$62,756$57,860
9 years$76,191$69,603$63,538$57,964$52,850$48,164
10 years$67,875$61,351$55,394$49,966$45,031$40,553
11 years$61,076$54,618$48,768$43,485$38,728$34,455
12 years$55,414$49,022$43,280$38,142$33,561$29,489
13 years$50,626$44,301$38,668$33,674$29,266$25,390
14 years$46,527$40,269$34,743$29,892$25,654$21,970
15 years$42,977$36,786$31,369$26,658$22,588$19,090
16 years$39,873$33,751$28,440$23,870$19,963$16,646
17 years$37,138$31,083$25,879$21,447$17,701$14,558
18 years$34,710$28,722$23,625$19,328$15,739$12,765
19 years$32,539$26,619$21,627$17,464$14,028$11,218
20 years$30,588$24,736$19,848$15,817$12,530$9,877
21 years$28,825$23,041$18,257$14,355$11,213$8,711
22 years$27,225$21,508$16,826$13,052$10,051$7,693
23 years$25,766$20,116$15,536$11,887$9,022$6,803
24 years$24,430$18,847$14,368$10,841$8,110$6,023
25 years$23,203$17,687$13,308$9,901$7,297$5,337
26 years$22,073$16,623$12,342$9,053$6,573$4,734
27 years$21,028$15,644$11,461$8,286$5,926$4,202
28 years$20,059$14,741$10,654$7,592$5,347$3,732
29 years$19,159$13,907$9,915$6,962$4,829$3,316
30 years$18,320$13,133$9,235$6,390$4,363$2,949
31 years$17,537$12,416$8,610$5,868$3,944$2,623
32 years$16,804$11,748$8,033$5,393$3,568$2,334
33 years$16,118$11,125$7,501$4,959$3,229$2,078
34 years$15,473$10,544$7,008$4,563$2,924$1,851
35 years$14,866$10,001$6,552$4,201$2,648$1,649
36 years$14,294$9,492$6,129$3,869$2,399$1,469
37 years$13,754$9,016$5,737$3,564$2,175$1,309
38 years$13,244$8,568$5,372$3,285$1,971$1,167
39 years$12,762$8,147$5,033$3,029$1,788$1,040
40 years$12,304$7,752$4,718$2,794$1,622$928
41 years$11,870$7,379$4,424$2,578$1,471$827
42 years$11,458$7,027$4,150$2,379$1,335$738
43 years$11,066$6,696$3,894$2,196$1,211$658
44 years$10,693$6,382$3,655$2,028$1,100$587
45 years$10,338$6,086$3,432$1,873$998$524
46 years$9,999$5,806$3,223$1,730$906$468
47 years$9,675$5,541$3,028$1,598$823$417
48 years$9,366$5,289$2,846$1,477$747$372
49 years$9,070$5,051$2,675$1,365$679$332
50 years$8,787$4,825$2,515$1,262$617$297

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $9,000,000, adding $4,066 every year, while hoping to spend $23,843 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: 68/26/6 Blend
52$9,000,000$9,000,000$9,000,000$9,000,000
53$9,922,194$9,445,194$9,305,694$10,588,071
54$10,908,889$9,882,640$9,592,066$11,467,014
55$11,995,428$10,340,721$9,887,232$12,424,530
56$13,191,969$10,820,424$10,191,463$13,470,940
57$14,509,708$11,322,783$10,505,034$14,614,929
58$15,960,979$11,848,880$10,828,233$15,866,057
59$17,559,374$12,399,851$11,161,355$17,234,835
60$19,319,873$12,976,886$11,504,703$18,732,833
61$21,258,980$13,581,234$11,858,591$20,372,778
62$23,394,884$14,214,201$12,223,341$22,168,675
63$25,747,625$14,877,160$12,599,286$24,135,939
64$28,339,289$15,571,548$12,986,769$26,291,533
65$31,194,214$16,298,871$13,386,142$28,654,126
66$34,339,217$17,060,709$13,797,771$31,244,269
67$37,803,851$17,858,717$14,222,030$34,084,581
68$41,620,681$18,694,632$14,659,306$37,199,965
69$45,825,594$19,570,273$15,109,997$40,617,832
70$50,458,137$20,487,548$15,574,513$44,368,363
71$55,561,886$21,448,457$16,053,278$48,484,786
72$61,184,863$22,455,096$16,546,728$53,003,684
73$67,379,988$23,509,664$17,055,312$57,965,340
74$74,205,574$24,614,466$17,579,493$63,414,111
75$81,725,885$25,771,917$18,119,748$69,398,840
76$90,011,735$26,984,550$18,676,569$75,973,315
77$99,141,160$28,255,021$19,250,463$83,196,770
78$109,200,156$29,586,115$19,841,951$91,134,437
79$120,283,487$30,980,750$20,451,572$99,858,159
80$132,495,583$32,441,987$21,079,880$109,447,060
81$145,951,523$33,973,035$21,727,446$119,988,288
82$160,778,123$35,577,258$22,394,860$131,577,826
83$177,115,131$37,258,183$23,082,727$144,321,397
84$195,116,550$39,019,510$23,791,674$158,335,451
85$214,952,088$40,865,115$24,522,345$173,748,259
86$236,808,760$42,799,065$25,275,402$190,701,113
87$260,892,657$44,825,623$26,051,532$209,349,655
88$287,430,887$46,949,258$26,851,438$229,865,333
89$316,673,723$49,174,657$27,675,846$252,437,014
90$348,896,963$51,506,735$28,525,507$277,272,758
91$384,404,532$53,950,644$29,401,190$304,601,769
92$423,531,356$56,511,787$30,303,692$334,676,547
93$466,646,519$59,195,829$31,233,830$367,775,268
94$514,156,750$62,008,711$32,192,449$404,204,389
95$566,510,261$64,956,661$33,180,419$444,301,537
96$624,200,981$68,046,210$34,198,637$488,438,677
97$687,773,214$71,284,208$35,248,024$537,025,617
98$757,826,783$74,677,835$36,329,534$590,513,857
99$835,022,688$78,234,621$37,444,146$649,400,838
100$920,089,348$81,962,464$38,592,871$714,234,627