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%16.3%
1 years$759,727$752,960$746,358$739,913$733,621$714,726
2 years$376,103$369,098$362,310$355,728$349,343$330,433
3 years$248,244$241,210$234,438$227,918$221,638$203,303
4 years$184,328$177,315$170,611$164,202$158,074$140,456
5 years$145,988$139,017$132,401$126,123$120,165$103,313
6 years$120,436$113,518$107,000$100,862$95,083$79,013
7 years$102,192$95,332$88,917$82,924$77,328$62,041
8 years$88,516$81,717$75,409$69,563$64,151$49,641
9 years$77,884$71,149$64,950$59,252$54,024$40,278
10 years$69,383$62,715$56,625$51,076$46,031$33,032
11 years$62,433$55,831$49,851$44,451$39,588$27,317
12 years$56,645$50,111$44,242$38,990$34,307$22,741
13 years$51,751$45,286$39,527$34,422$29,916$19,033
14 years$47,560$41,164$35,515$30,556$26,224$15,999
15 years$43,932$37,604$32,066$27,251$23,090$13,497
16 years$40,759$34,501$29,072$24,400$20,407$11,420
17 years$37,963$31,774$26,455$21,923$18,094$9,686
18 years$35,481$29,360$24,150$19,757$16,088$8,233
19 years$33,262$27,211$22,108$17,852$14,340$7,009
20 years$31,268$25,286$20,289$16,169$12,809$5,977
21 years$29,466$23,553$18,662$14,674$11,462$5,102
22 years$27,830$21,986$17,200$13,342$10,274$4,360
23 years$26,338$20,563$15,881$12,151$9,223$3,730
24 years$24,973$19,266$14,688$11,082$8,290$3,193
25 years$23,719$18,080$13,604$10,121$7,460$2,735
26 years$22,563$16,992$12,617$9,254$6,719$2,344
27 years$21,495$15,992$11,716$8,471$6,058$2,010
28 years$20,505$15,069$10,891$7,761$5,466$1,724
29 years$19,585$14,216$10,135$7,117$4,936$1,479
30 years$18,727$13,425$9,441$6,532$4,460$1,270
31 years$17,927$12,691$8,801$5,999$4,032$1,090
32 years$17,178$12,009$8,212$5,513$3,647$936
33 years$16,476$11,372$7,667$5,070$3,301$804
34 years$15,817$10,778$7,164$4,664$2,989$691
35 years$15,196$10,223$6,698$4,294$2,707$593
36 years$14,612$9,703$6,266$3,955$2,453$510
37 years$14,060$9,216$5,864$3,644$2,223$438
38 years$13,539$8,758$5,492$3,358$2,015$376
39 years$13,045$8,328$5,145$3,097$1,827$324
40 years$12,578$7,924$4,823$2,856$1,658$278
41 years$12,134$7,543$4,522$2,635$1,504$239
42 years$11,713$7,183$4,242$2,432$1,365$205
43 years$11,312$6,844$3,980$2,245$1,238$177
44 years$10,931$6,524$3,736$2,073$1,124$152
45 years$10,568$6,221$3,508$1,914$1,020$131
46 years$10,221$5,935$3,295$1,768$927$112
47 years$9,890$5,664$3,096$1,634$841$96
48 years$9,574$5,407$2,909$1,510$764$83
49 years$9,272$5,163$2,734$1,395$694$71
50 years$8,982$4,932$2,571$1,290$630$61

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 $4,354 every year, while hoping to spend $58,310 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: 75/7/18 Blend
52$9,200,000$9,200,000$9,200,000$9,200,000
53$10,142,891$9,655,291$9,512,691$10,861,347
54$11,115,425$10,066,359$9,769,325$11,748,792
55$12,185,202$10,495,615$10,032,602$12,713,629
56$13,362,081$10,943,889$10,302,682$13,769,652
57$14,656,923$11,412,048$10,579,731$14,925,934
58$16,081,693$11,901,003$10,863,916$16,192,462
59$17,649,578$12,411,704$11,155,409$17,580,236
60$19,375,104$12,945,147$11,454,385$19,101,369
61$21,274,280$13,502,375$11,761,023$20,769,201
62$23,364,745$14,084,478$12,075,505$22,598,426
63$25,665,931$14,692,601$12,398,017$24,605,223
64$28,199,256$15,327,938$12,728,750$26,807,417
65$30,988,314$15,991,741$13,067,897$29,224,637
66$34,059,108$16,685,322$13,415,657$31,878,508
67$37,440,287$17,410,053$13,772,232$34,792,847
68$41,163,421$18,167,370$14,137,827$37,993,891
69$45,263,299$18,958,780$14,512,653$41,510,541
70$49,778,252$19,785,857$14,896,923$45,374,635
71$54,750,520$20,650,250$15,290,856$49,621,246
72$60,226,648$21,553,688$15,694,676$54,289,013
73$66,257,927$22,497,979$16,108,607$59,420,501
74$72,900,872$23,485,017$16,532,883$65,062,604
75$80,217,764$24,516,786$16,967,737$71,266,987
76$88,277,231$25,595,363$17,413,411$78,090,567
77$97,154,897$26,722,924$17,870,149$85,596,054
78$106,934,096$27,901,747$18,338,199$93,852,537
79$117,706,660$29,134,219$18,817,815$102,936,139
80$129,573,782$30,422,839$19,309,254$112,930,725
81$142,646,974$31,770,223$19,812,780$123,928,704
82$157,049,115$33,179,114$20,328,658$136,031,886
83$172,915,618$34,652,384$20,857,161$149,352,450
84$190,395,701$36,193,040$21,398,566$164,013,999
85$209,653,796$37,804,233$21,953,152$180,152,720
86$230,871,106$39,489,263$22,521,205$197,918,673
87$254,247,309$41,251,587$23,103,015$217,477,200
88$280,002,446$43,094,827$23,698,878$239,010,485
89$308,378,997$45,022,775$24,309,092$262,719,275
90$339,644,170$47,039,407$24,933,962$288,824,764
91$374,092,422$49,148,884$25,573,797$317,570,684
92$412,048,239$51,355,569$26,228,909$349,225,604
93$453,869,199$53,664,031$26,899,616$384,085,455
94$499,949,346$56,079,057$27,586,242$422,476,327
95$550,722,910$58,605,662$28,289,112$464,757,543
96$606,668,408$61,249,101$29,008,559$511,325,043
97$668,313,158$64,014,879$29,744,917$562,615,122
98$736,238,256$66,908,764$30,498,528$619,108,545
99$811,084,064$69,936,800$31,269,735$681,335,079
100$893,556,254$73,105,318$32,058,886$749,878,493