Can I retire at age 53 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$767,985$761,144$754,470$747,956$741,595$711,890
2 years$380,191$373,110$366,248$359,594$353,141$323,587
3 years$250,943$243,832$236,987$230,396$224,047$195,574
4 years$186,331$179,242$172,466$165,987$159,792$132,617
5 years$147,575$140,528$133,840$127,494$121,471$95,664
6 years$121,745$114,752$108,163$101,958$96,116$71,691
7 years$103,303$96,368$89,884$83,825$78,168$55,117
8 years$89,478$82,605$76,229$70,319$64,848$43,147
9 years$78,730$71,923$65,656$59,896$54,611$34,227
10 years$70,137$63,396$57,240$51,631$46,532$27,424
11 years$63,111$56,438$50,393$44,934$40,019$22,142
12 years$57,261$50,656$44,723$39,414$34,679$17,986
13 years$52,314$45,778$39,957$34,796$30,241$14,679
14 years$48,077$41,611$35,901$30,888$26,509$12,026
15 years$44,409$38,012$32,414$27,547$23,341$9,883
16 years$41,203$34,876$29,388$24,665$20,629$8,141
17 years$38,376$32,119$26,742$22,162$18,291$6,720
18 years$35,867$29,680$24,412$19,972$16,263$5,557
19 years$33,624$27,507$22,348$18,046$14,496$4,601
20 years$31,608$25,561$20,510$16,344$12,948$3,813
21 years$29,786$23,809$18,865$14,834$11,587$3,164
22 years$28,132$22,225$17,387$13,487$10,386$2,627
23 years$26,625$20,786$16,054$12,283$9,323$2,182
24 years$25,245$19,475$14,847$11,203$8,380$1,814
25 years$23,977$18,277$13,752$10,231$7,541$1,508
26 years$22,809$17,177$12,754$9,355$6,792$1,255
27 years$21,729$16,166$11,843$8,563$6,124$1,044
28 years$20,728$15,233$11,010$7,845$5,526$869
29 years$19,797$14,370$10,245$7,194$4,990$723
30 years$18,931$13,571$9,543$6,603$4,508$602
31 years$18,122$12,829$8,897$6,064$4,076$502
32 years$17,365$12,139$8,301$5,573$3,687$418
33 years$16,655$11,496$7,751$5,125$3,337$348
34 years$15,988$10,896$7,242$4,715$3,021$290
35 years$15,361$10,334$6,771$4,341$2,736$241
36 years$14,771$9,809$6,334$3,998$2,479$201
37 years$14,213$9,316$5,928$3,683$2,247$168
38 years$13,686$8,854$5,551$3,395$2,037$140
39 years$13,187$8,419$5,201$3,130$1,847$116
40 years$12,715$8,010$4,875$2,887$1,676$97
41 years$12,266$7,625$4,571$2,664$1,520$81
42 years$11,840$7,261$4,288$2,458$1,379$67
43 years$11,435$6,919$4,024$2,269$1,252$56
44 years$11,050$6,595$3,777$2,095$1,136$47
45 years$10,682$6,289$3,546$1,935$1,032$39
46 years$10,332$5,999$3,331$1,788$937$32
47 years$9,998$5,725$3,129$1,651$850$27
48 years$9,678$5,466$2,941$1,526$772$23
49 years$9,372$5,219$2,764$1,410$701$19
50 years$9,080$4,986$2,599$1,304$637$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $9,300,000, adding $3,029 every year, while hoping to spend $27,318 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: 83/7/10 Blend
52$9,300,000$9,300,000$9,300,000$9,300,000
53$10,251,724$9,758,824$9,614,674$11,086,824
54$11,268,334$10,207,941$9,907,700$12,082,882
55$12,387,723$10,678,148$10,209,626$13,172,557
56$13,620,344$11,170,451$10,520,722$14,368,375
57$14,977,719$11,685,903$10,841,266$15,680,978
58$16,472,541$12,225,607$11,171,544$17,122,089
59$18,118,798$12,790,720$11,511,849$18,704,616
60$19,931,905$13,382,454$11,862,485$20,442,779
61$21,928,846$14,002,081$12,223,764$22,352,239
62$24,128,337$14,650,932$12,596,009$24,450,246
63$26,551,002$15,330,403$12,979,551$26,755,801
64$29,219,569$16,041,957$13,374,730$29,289,835
65$32,159,082$16,787,130$13,781,900$32,075,403
66$35,397,137$17,567,528$14,201,423$35,137,902
67$38,964,145$18,384,837$14,633,670$38,505,311
68$42,893,618$19,240,824$15,079,028$42,208,451
69$47,222,483$20,137,340$15,537,892$46,281,275
70$51,991,435$21,076,329$16,010,670$50,761,189
71$57,245,316$22,059,824$16,497,783$55,689,403
72$63,033,542$23,089,959$16,999,662$61,111,315
73$69,410,567$24,168,970$17,516,754$67,076,944
74$76,436,398$25,299,202$18,049,518$73,641,396
75$84,177,161$26,483,114$18,598,427$80,865,382
76$92,705,726$27,723,281$19,163,969$88,815,794
77$102,102,392$29,022,404$19,746,645$97,566,329
78$112,455,651$30,383,317$20,346,972$107,198,187
79$123,863,014$31,808,986$20,965,483$117,800,832
80$136,431,941$33,302,526$21,602,725$129,472,838
81$150,280,847$34,867,198$22,259,265$142,322,813
82$165,540,227$36,506,423$22,935,683$156,470,427
83$182,353,881$38,223,789$23,632,580$172,047,534
84$200,880,277$40,023,056$24,350,572$189,199,418
85$221,294,045$41,908,164$25,090,295$208,086,161
86$243,787,622$43,883,249$25,852,404$228,884,149
87$268,573,073$45,952,642$26,637,574$251,787,739
88$295,884,093$48,120,888$27,446,499$277,011,086
89$325,978,209$50,392,750$28,279,895$304,790,165
90$359,139,213$52,773,222$29,138,499$335,384,992
91$395,679,844$55,267,540$30,023,070$369,082,079
92$435,944,735$57,881,196$30,934,389$406,197,133
93$480,313,669$60,619,946$31,873,262$447,078,033
94$529,205,165$63,489,826$32,840,518$492,108,111
95$583,080,428$66,497,164$33,837,012$541,709,766
96$642,447,703$69,648,596$34,863,623$596,348,446
97$707,867,072$72,951,080$35,921,258$656,537,041
98$779,955,741$76,411,911$37,010,848$722,840,720
99$859,393,872$80,038,740$38,133,356$795,882,257
100$946,930,995$83,839,586$39,289,772$876,347,911