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%14.2%
1 years$759,727$752,960$746,358$739,913$733,621$720,874
2 years$376,103$369,098$362,310$355,728$349,343$336,543
3 years$248,244$241,210$234,438$227,918$221,638$209,182
4 years$184,328$177,315$170,611$164,202$158,074$146,058
5 years$145,988$139,017$132,401$126,123$120,165$108,625
6 years$120,436$113,518$107,000$100,862$95,083$84,030
7 years$102,192$95,332$88,917$82,924$77,328$66,767
8 years$88,516$81,717$75,409$69,563$64,151$54,079
9 years$77,884$71,149$64,950$59,252$54,024$44,435
10 years$69,383$62,715$56,625$51,076$46,031$36,918
11 years$62,433$55,831$49,851$44,451$39,588$30,940
12 years$56,645$50,111$44,242$38,990$34,307$26,111
13 years$51,751$45,286$39,527$34,422$29,916$22,162
14 years$47,560$41,164$35,515$30,556$26,224$18,897
15 years$43,932$37,604$32,066$27,251$23,090$16,176
16 years$40,759$34,501$29,072$24,400$20,407$13,892
17 years$37,963$31,774$26,455$21,923$18,094$11,963
18 years$35,481$29,360$24,150$19,757$16,088$10,325
19 years$33,262$27,211$22,108$17,852$14,340$8,929
20 years$31,268$25,286$20,289$16,169$12,809$7,735
21 years$29,466$23,553$18,662$14,674$11,462$6,710
22 years$27,830$21,986$17,200$13,342$10,274$5,828
23 years$26,338$20,563$15,881$12,151$9,223$5,068
24 years$24,973$19,266$14,688$11,082$8,290$4,410
25 years$23,719$18,080$13,604$10,121$7,460$3,841
26 years$22,563$16,992$12,617$9,254$6,719$3,348
27 years$21,495$15,992$11,716$8,471$6,058$2,920
28 years$20,505$15,069$10,891$7,761$5,466$2,548
29 years$19,585$14,216$10,135$7,117$4,936$2,224
30 years$18,727$13,425$9,441$6,532$4,460$1,942
31 years$17,927$12,691$8,801$5,999$4,032$1,697
32 years$17,178$12,009$8,212$5,513$3,647$1,483
33 years$16,476$11,372$7,667$5,070$3,301$1,296
34 years$15,817$10,778$7,164$4,664$2,989$1,133
35 years$15,196$10,223$6,698$4,294$2,707$991
36 years$14,612$9,703$6,266$3,955$2,453$867
37 years$14,060$9,216$5,864$3,644$2,223$758
38 years$13,539$8,758$5,492$3,358$2,015$663
39 years$13,045$8,328$5,145$3,097$1,827$580
40 years$12,578$7,924$4,823$2,856$1,658$508
41 years$12,134$7,543$4,522$2,635$1,504$444
42 years$11,713$7,183$4,242$2,432$1,365$389
43 years$11,312$6,844$3,980$2,245$1,238$340
44 years$10,931$6,524$3,736$2,073$1,124$298
45 years$10,568$6,221$3,508$1,914$1,020$261
46 years$10,221$5,935$3,295$1,768$927$228
47 years$9,890$5,664$3,096$1,634$841$200
48 years$9,574$5,407$2,909$1,510$764$175
49 years$9,272$5,163$2,734$1,395$694$153
50 years$8,982$4,932$2,571$1,290$630$134

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 $6,532 every year, while hoping to spend $20,352 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: 67/9/24 Blend
52$9,200,000$9,200,000$9,200,000$9,200,000
53$10,145,138$9,657,538$9,514,938$10,761,870
54$11,158,287$10,109,103$9,812,034$11,628,537
55$12,274,096$10,582,112$10,118,400$12,573,086
56$13,503,014$11,077,596$10,434,327$13,605,643
57$14,856,556$11,596,632$10,760,111$14,734,885
58$16,347,410$12,140,353$11,096,060$15,970,365
59$17,989,559$12,709,943$11,442,491$17,322,595
60$19,798,411$13,306,647$11,799,732$18,803,152
61$21,790,944$13,931,768$12,168,118$20,424,777
62$23,985,868$14,586,672$12,547,998$22,201,501
63$26,403,800$15,272,793$12,939,729$24,148,769
64$29,067,459$15,991,631$13,343,682$26,283,590
65$32,001,881$16,744,763$13,760,237$28,624,692
66$35,234,656$17,533,838$14,189,787$31,192,698
67$38,796,183$18,360,589$14,632,737$34,010,319
68$42,719,965$19,226,830$15,089,505$37,102,566
69$47,042,920$20,134,463$15,560,522$40,496,982
70$51,805,731$21,085,484$16,046,232$44,223,905
71$57,053,227$22,081,985$16,547,093$48,316,745
72$62,834,813$23,126,159$17,063,577$52,812,304
73$69,204,928$24,220,305$17,596,172$57,751,114
74$76,223,566$25,366,834$18,145,378$63,177,823
75$83,956,836$26,568,276$18,711,715$69,141,610
76$92,477,591$27,827,279$19,295,715$75,696,649
77$101,866,114$29,146,625$19,897,930$82,902,612
78$112,210,874$30,529,226$20,518,928$90,825,239
79$123,609,364$31,978,139$21,159,292$99,536,944
80$136,169,019$33,496,567$21,819,628$109,117,503
81$150,008,231$35,087,871$22,500,558$119,654,803
82$165,257,466$36,755,572$23,202,722$131,245,663
83$182,060,498$38,503,366$23,926,784$143,996,751
84$200,575,762$40,335,124$24,673,425$158,025,580
85$220,977,854$42,254,909$25,443,348$173,461,619
86$243,459,176$44,266,980$26,237,281$190,447,508
87$268,231,751$46,375,802$27,055,969$209,140,402
88$295,529,232$48,586,058$27,900,186$229,713,447
89$325,609,097$50,902,658$28,770,726$252,357,411
90$358,755,089$53,330,752$29,668,409$277,282,484
91$395,279,889$55,875,740$30,594,082$304,720,249
92$435,528,069$58,543,283$31,548,615$334,925,869
93$479,879,347$61,339,319$32,532,909$368,180,489
94$528,752,169$64,270,075$33,547,890$404,793,882
95$582,607,661$67,342,079$34,594,515$445,107,369
96$641,953,980$70,562,178$35,673,769$489,497,034
97$707,351,114$73,937,553$36,786,668$538,377,270
98$779,416,168$77,475,733$37,934,262$592,204,679
99$858,829,187$81,184,614$39,117,629$651,482,381
100$946,339,580$85,072,476$40,337,886$716,764,753