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%13.8%
1 years$767,985$761,144$754,470$747,956$741,595$729,910
2 years$380,191$373,110$366,248$359,594$353,141$341,399
3 years$250,943$243,832$236,987$230,396$224,047$212,613
4 years$186,331$179,242$172,466$165,987$159,792$148,755
5 years$147,575$140,528$133,840$127,494$121,471$110,862
6 years$121,745$114,752$108,163$101,958$96,116$85,947
7 years$103,303$96,368$89,884$83,825$78,168$68,443
8 years$89,478$82,605$76,229$70,319$64,848$55,565
9 years$78,730$71,923$65,656$59,896$54,611$45,765
10 years$70,137$63,396$57,240$51,631$46,532$38,116
11 years$63,111$56,438$50,393$44,934$40,019$32,024
12 years$57,261$50,656$44,723$39,414$34,679$27,096
13 years$52,314$45,778$39,957$34,796$30,241$23,058
14 years$48,077$41,611$35,901$30,888$26,509$19,715
15 years$44,409$38,012$32,414$27,547$23,341$16,922
16 years$41,203$34,876$29,388$24,665$20,629$14,573
17 years$38,376$32,119$26,742$22,162$18,291$12,585
18 years$35,867$29,680$24,412$19,972$16,263$10,894
19 years$33,624$27,507$22,348$18,046$14,496$9,449
20 years$31,608$25,561$20,510$16,344$12,948$8,210
21 years$29,786$23,809$18,865$14,834$11,587$7,144
22 years$28,132$22,225$17,387$13,487$10,386$6,224
23 years$26,625$20,786$16,054$12,283$9,323$5,428
24 years$25,245$19,475$14,847$11,203$8,380$4,739
25 years$23,977$18,277$13,752$10,231$7,541$4,141
26 years$22,809$17,177$12,754$9,355$6,792$3,621
27 years$21,729$16,166$11,843$8,563$6,124$3,168
28 years$20,728$15,233$11,010$7,845$5,526$2,773
29 years$19,797$14,370$10,245$7,194$4,990$2,429
30 years$18,931$13,571$9,543$6,603$4,508$2,128
31 years$18,122$12,829$8,897$6,064$4,076$1,865
32 years$17,365$12,139$8,301$5,573$3,687$1,635
33 years$16,655$11,496$7,751$5,125$3,337$1,434
34 years$15,988$10,896$7,242$4,715$3,021$1,258
35 years$15,361$10,334$6,771$4,341$2,736$1,104
36 years$14,771$9,809$6,334$3,998$2,479$969
37 years$14,213$9,316$5,928$3,683$2,247$850
38 years$13,686$8,854$5,551$3,395$2,037$746
39 years$13,187$8,419$5,201$3,130$1,847$655
40 years$12,715$8,010$4,875$2,887$1,676$575
41 years$12,266$7,625$4,571$2,664$1,520$505
42 years$11,840$7,261$4,288$2,458$1,379$444
43 years$11,435$6,919$4,024$2,269$1,252$390
44 years$11,050$6,595$3,777$2,095$1,136$342
45 years$10,682$6,289$3,546$1,935$1,032$301
46 years$10,332$5,999$3,331$1,788$937$264
47 years$9,998$5,725$3,129$1,651$850$232
48 years$9,678$5,466$2,941$1,526$772$204
49 years$9,372$5,219$2,764$1,410$701$179
50 years$9,080$4,986$2,599$1,304$637$157

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 $2,942 every year, while hoping to spend $46,995 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: 28/48/24 Blend
52$9,300,000$9,300,000$9,300,000$9,300,000
53$10,251,635$9,758,735$9,614,585$10,461,582
54$11,247,299$10,186,910$9,886,671$11,055,076
55$12,342,946$10,634,492$10,166,297$11,687,968
56$13,548,725$11,102,380$10,453,666$12,366,990
57$14,875,817$11,591,518$10,748,986$13,096,121
58$16,336,543$12,102,896$11,052,470$13,879,712
59$17,944,481$12,637,548$11,364,338$14,722,528
60$19,714,589$13,196,559$11,684,815$15,629,787
61$21,663,351$13,781,064$12,014,130$16,607,205
62$23,808,930$14,392,253$12,352,520$17,661,042
63$26,171,339$15,031,372$12,700,227$18,798,163
64$28,772,631$15,699,725$13,057,501$20,026,091
65$31,637,108$16,398,680$13,424,596$21,353,074
66$34,791,546$17,129,668$13,801,772$22,788,163
67$38,265,451$17,894,189$14,189,299$24,341,282
68$42,091,337$18,693,815$14,587,451$26,023,325
69$46,305,032$19,530,191$14,996,509$27,846,243
70$50,946,016$20,405,041$15,416,763$29,823,160
71$56,057,794$21,320,171$15,848,509$31,968,483
72$61,688,304$22,277,475$16,292,049$34,298,030
73$67,890,373$23,278,934$16,747,695$36,829,179
74$74,722,214$24,326,624$17,215,766$39,581,017
75$82,247,975$25,422,723$17,696,588$42,574,512
76$90,538,341$26,569,510$18,190,497$45,832,709
77$99,671,209$27,769,373$18,697,836$49,380,929
78$109,732,416$29,024,816$19,218,957$53,247,007
79$120,816,549$30,338,459$19,754,219$57,461,539
80$133,027,844$31,713,050$20,303,992$62,058,162
81$146,481,164$33,151,469$20,868,656$67,073,862
82$161,303,083$34,656,732$21,448,596$72,549,311
83$177,633,085$36,231,999$22,044,211$78,529,236
84$195,624,875$37,880,582$22,655,907$85,062,835
85$215,447,833$39,605,952$23,284,102$92,204,223
86$237,288,614$41,411,746$23,929,221$100,012,931
87$261,352,906$43,301,774$24,591,703$108,554,453
88$287,867,372$45,280,030$25,271,994$117,900,852
89$317,081,792$47,350,700$25,970,554$128,131,419
90$349,271,419$49,518,169$26,687,853$139,333,414
91$384,739,578$51,787,034$27,424,370$151,602,863
92$423,820,527$54,162,110$28,180,598$165,045,452
93$466,882,615$56,648,448$28,957,042$179,777,507
94$514,331,756$59,251,336$29,754,217$195,927,069
95$566,615,263$61,976,319$30,572,652$213,635,084
96$624,226,071$64,829,210$31,412,887$233,056,712
97$687,707,387$67,816,098$32,275,475$254,362,769
98$757,657,819$70,943,366$33,160,983$277,741,317
99$834,737,031$74,217,705$34,069,990$303,399,415
100$919,671,963$77,646,127$35,003,089$331,565,045