Can I retire at age 53 with 9,200,000?

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 $9,200,000?

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%
1 years$759,727$752,960$746,358$739,913$733,621$727,171
2 years$376,103$369,098$362,310$355,728$349,343$342,843
3 years$248,244$241,210$234,438$227,918$221,638$215,289
4 years$184,328$177,315$170,611$164,202$158,074$151,926
5 years$145,988$139,017$132,401$126,123$120,165$114,237
6 years$120,436$113,518$107,000$100,862$95,083$89,380
7 years$102,192$95,332$88,917$82,924$77,328$71,854
8 years$88,516$81,717$75,409$69,563$64,151$58,906
9 years$77,884$71,149$64,950$59,252$54,024$49,006
10 years$69,383$62,715$56,625$51,076$46,031$41,237
11 years$62,433$55,831$49,851$44,451$39,588$35,015
12 years$56,645$50,111$44,242$38,990$34,307$29,949
13 years$51,751$45,286$39,527$34,422$29,916$25,769
14 years$47,560$41,164$35,515$30,556$26,224$22,283
15 years$43,932$37,604$32,066$27,251$23,090$19,349
16 years$40,759$34,501$29,072$24,400$20,407$16,861
17 years$37,963$31,774$26,455$21,923$18,094$14,736
18 years$35,481$29,360$24,150$19,757$16,088$12,912
19 years$33,262$27,211$22,108$17,852$14,340$11,339
20 years$31,268$25,286$20,289$16,169$12,809$9,976
21 years$29,466$23,553$18,662$14,674$11,462$8,792
22 years$27,830$21,986$17,200$13,342$10,274$7,759
23 years$26,338$20,563$15,881$12,151$9,223$6,856
24 years$24,973$19,266$14,688$11,082$8,290$6,065
25 years$23,719$18,080$13,604$10,121$7,460$5,370
26 years$22,563$16,992$12,617$9,254$6,719$4,759
27 years$21,495$15,992$11,716$8,471$6,058$4,221
28 years$20,505$15,069$10,891$7,761$5,466$3,746
29 years$19,585$14,216$10,135$7,117$4,936$3,326
30 years$18,727$13,425$9,441$6,532$4,460$2,955
31 years$17,927$12,691$8,801$5,999$4,032$2,627
32 years$17,178$12,009$8,212$5,513$3,647$2,336
33 years$16,476$11,372$7,667$5,070$3,301$2,078
34 years$15,817$10,778$7,164$4,664$2,989$1,849
35 years$15,196$10,223$6,698$4,294$2,707$1,645
36 years$14,612$9,703$6,266$3,955$2,453$1,465
37 years$14,060$9,216$5,864$3,644$2,223$1,304
38 years$13,539$8,758$5,492$3,358$2,015$1,162
39 years$13,045$8,328$5,145$3,097$1,827$1,035
40 years$12,578$7,924$4,823$2,856$1,658$922
41 years$12,134$7,543$4,522$2,635$1,504$822
42 years$11,713$7,183$4,242$2,432$1,365$732
43 years$11,312$6,844$3,980$2,245$1,238$653
44 years$10,931$6,524$3,736$2,073$1,124$582
45 years$10,568$6,221$3,508$1,914$1,020$518
46 years$10,221$5,935$3,295$1,768$927$462
47 years$9,890$5,664$3,096$1,634$841$412
48 years$9,574$5,407$2,909$1,510$764$367
49 years$9,272$5,163$2,734$1,395$694$328
50 years$8,982$4,932$2,571$1,290$630$292

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $9,200,000, adding $5,096 every year, while hoping to spend $20,745 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: 42/28/30 Blend
52$9,200,000$9,200,000$9,200,000$9,200,000
53$10,143,657$9,656,057$9,513,457$10,480,364
54$11,156,237$10,107,131$9,810,085$11,175,306
55$12,271,405$10,579,612$10,115,955$11,925,109
56$13,499,604$11,074,528$10,431,354$12,736,773
57$14,852,339$11,592,956$10,756,580$13,616,030
58$16,342,289$12,136,022$11,091,938$14,569,177
59$17,983,428$12,704,913$11,437,742$15,603,126
60$19,791,150$13,300,866$11,794,320$16,725,466
61$21,782,423$13,925,185$12,162,005$17,944,539
62$23,975,942$14,579,230$12,541,144$19,269,503
63$26,392,309$15,264,433$12,932,093$20,710,425
64$29,054,226$15,982,292$13,335,220$22,278,367
65$31,986,711$16,734,378$13,750,903$23,985,486
66$35,217,331$17,522,338$14,179,534$25,845,148
67$38,776,465$18,347,899$14,621,515$27,872,045
68$42,697,591$19,212,872$15,077,262$30,082,333
69$47,017,598$20,119,156$15,547,203$32,493,775
70$51,777,139$21,068,740$16,031,780$35,125,910
71$57,021,010$22,063,712$16,531,448$38,000,225
72$62,798,579$23,106,260$17,046,678$41,140,357
73$69,164,245$24,198,677$17,577,952$44,572,309
74$76,177,955$25,343,370$18,125,771$48,324,688
75$83,905,771$26,542,859$18,690,648$52,428,971
76$92,420,490$27,799,790$19,273,116$56,919,792
77$101,802,336$29,116,935$19,873,720$61,835,267
78$112,139,710$30,497,201$20,493,026$67,217,339
79$123,530,034$31,943,637$21,131,616$73,112,176
80$136,080,660$33,459,438$21,790,088$79,570,588
81$149,909,893$35,047,956$22,469,061$86,648,510
82$165,148,102$36,712,705$23,169,174$94,407,509
83$181,938,950$38,457,370$23,891,084$102,915,367
84$200,440,757$40,285,815$24,635,469$112,246,705
85$220,827,984$42,202,090$25,403,028$122,483,676
86$243,292,891$44,210,445$26,194,481$133,716,739
87$268,047,342$46,315,333$27,010,572$146,045,491
88$295,324,812$48,521,426$27,852,068$159,579,603
89$325,382,589$50,833,621$28,719,758$174,439,843
90$358,504,199$53,257,055$29,614,457$190,759,199
91$395,002,091$55,797,114$30,537,004$208,684,126
92$435,220,577$58,459,446$31,488,267$228,375,915
93$479,539,090$61,249,972$32,469,137$250,012,199
94$528,375,760$64,174,904$33,480,536$273,788,613
95$582,191,367$67,240,753$34,523,413$299,920,634
96$641,493,685$70,454,350$35,598,747$328,645,589
97$706,842,283$73,822,854$36,707,547$360,224,885
98$778,853,799$77,353,777$37,850,853$394,946,455
99$858,207,768$81,054,994$39,029,738$433,127,462
100$945,653,035$84,934,763$40,245,308$475,117,270