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%12.2%
1 years$767,985$761,144$754,470$747,956$741,595$734,768
2 years$380,191$373,110$366,248$359,594$353,141$346,262
3 years$250,943$243,832$236,987$230,396$224,047$217,330
4 years$186,331$179,242$172,466$165,987$159,792$153,289
5 years$147,575$140,528$133,840$127,494$121,471$115,201
6 years$121,745$114,752$108,163$101,958$96,116$90,086
7 years$103,303$96,368$89,884$83,825$78,168$72,381
8 years$89,478$82,605$76,229$70,319$64,848$59,304
9 years$78,730$71,923$65,656$59,896$54,611$49,309
10 years$70,137$63,396$57,240$51,631$46,532$41,467
11 years$63,111$56,438$50,393$44,934$40,019$35,188
12 years$57,261$50,656$44,723$39,414$34,679$30,078
13 years$52,314$45,778$39,957$34,796$30,241$25,864
14 years$48,077$41,611$35,901$30,888$26,509$22,351
15 years$44,409$38,012$32,414$27,547$23,341$19,394
16 years$41,203$34,876$29,388$24,665$20,629$16,888
17 years$38,376$32,119$26,742$22,162$18,291$14,750
18 years$35,867$29,680$24,412$19,972$16,263$12,915
19 years$33,624$27,507$22,348$18,046$14,496$11,333
20 years$31,608$25,561$20,510$16,344$12,948$9,964
21 years$29,786$23,809$18,865$14,834$11,587$8,774
22 years$28,132$22,225$17,387$13,487$10,386$7,738
23 years$26,625$20,786$16,054$12,283$9,323$6,832
24 years$25,245$19,475$14,847$11,203$8,380$6,039
25 years$23,977$18,277$13,752$10,231$7,541$5,344
26 years$22,809$17,177$12,754$9,355$6,792$4,732
27 years$21,729$16,166$11,843$8,563$6,124$4,193
28 years$20,728$15,233$11,010$7,845$5,526$3,718
29 years$19,797$14,370$10,245$7,194$4,990$3,299
30 years$18,931$13,571$9,543$6,603$4,508$2,929
31 years$18,122$12,829$8,897$6,064$4,076$2,601
32 years$17,365$12,139$8,301$5,573$3,687$2,311
33 years$16,655$11,496$7,751$5,125$3,337$2,054
34 years$15,988$10,896$7,242$4,715$3,021$1,826
35 years$15,361$10,334$6,771$4,341$2,736$1,624
36 years$14,771$9,809$6,334$3,998$2,479$1,444
37 years$14,213$9,316$5,928$3,683$2,247$1,285
38 years$13,686$8,854$5,551$3,395$2,037$1,144
39 years$13,187$8,419$5,201$3,130$1,847$1,018
40 years$12,715$8,010$4,875$2,887$1,676$906
41 years$12,266$7,625$4,571$2,664$1,520$807
42 years$11,840$7,261$4,288$2,458$1,379$718
43 years$11,435$6,919$4,024$2,269$1,252$640
44 years$11,050$6,595$3,777$2,095$1,136$570
45 years$10,682$6,289$3,546$1,935$1,032$507
46 years$10,332$5,999$3,331$1,788$937$452
47 years$9,998$5,725$3,129$1,651$850$403
48 years$9,678$5,466$2,941$1,526$772$359
49 years$9,372$5,219$2,764$1,410$701$319
50 years$9,080$4,986$2,599$1,304$637$285

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 $3,482 every year, while hoping to spend $44,367 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: 61/25/14 Blend
52$9,300,000$9,300,000$9,300,000$9,300,000
53$10,252,192$9,759,292$9,615,142$10,842,033
54$11,250,709$10,190,291$9,890,043$11,670,083
55$12,349,588$10,640,922$10,172,666$12,567,960
56$13,559,019$11,112,100$10,463,223$13,546,692
57$14,890,230$11,604,784$10,761,932$14,614,110
58$16,355,593$12,119,977$11,069,016$15,778,827
59$17,968,738$12,658,732$11,384,703$17,050,314
60$19,744,689$13,222,149$11,709,230$18,438,993
61$21,699,995$13,811,382$12,042,837$19,956,327
62$23,852,895$14,427,640$12,385,773$21,614,928
63$26,223,485$15,072,189$12,738,291$23,428,676
64$28,833,909$15,746,355$13,100,652$25,412,841
65$31,708,569$16,451,528$13,473,126$27,584,230
66$34,874,353$17,189,162$13,855,985$29,961,340
67$38,360,889$17,960,783$14,249,513$32,564,527
68$42,200,827$18,767,989$14,653,998$35,416,200
69$46,430,142$19,612,451$15,069,738$38,541,027
70$51,088,480$20,495,925$15,497,038$41,966,159
71$56,219,527$21,420,246$15,936,210$45,721,491
72$61,871,420$22,387,340$16,387,575$49,839,935
73$68,097,208$23,399,223$16,851,461$54,357,726
74$74,955,346$24,458,007$17,328,208$59,314,762
75$82,510,248$25,565,907$17,818,160$64,754,975
76$90,832,899$26,725,242$18,321,674$70,726,742
77$100,001,518$27,938,442$18,839,114$77,283,335
78$110,102,302$29,208,055$19,370,853$84,483,417
79$121,230,236$30,536,748$19,917,275$92,391,596
80$133,489,990$31,927,319$20,478,774$101,079,024
81$146,996,908$33,382,697$21,055,752$110,624,064
82$161,878,097$34,905,953$21,648,624$121,113,025
83$178,273,623$36,500,305$22,257,813$132,640,969
84$196,337,838$38,169,126$22,883,755$145,312,600
85$216,240,832$39,915,947$23,526,896$159,243,249
86$238,170,042$41,744,474$24,187,692$174,559,953
87$262,332,020$43,658,588$24,866,614$191,402,645
88$288,954,382$45,662,354$25,564,141$209,925,469
89$318,287,957$47,760,037$26,280,768$230,298,229
90$350,609,153$49,956,104$27,016,998$252,707,976
91$386,222,570$52,255,236$27,773,351$277,360,770
92$425,463,871$54,662,341$28,550,357$304,483,616
93$468,702,952$57,182,562$29,348,560$334,326,594
94$516,347,435$59,821,290$30,168,519$367,165,209
95$568,846,514$62,584,174$31,010,805$403,302,984
96$626,695,196$65,477,136$31,876,004$443,074,310
97$690,438,973$68,506,382$32,764,717$486,847,592
98$760,678,973$71,678,420$33,677,560$535,028,718
99$838,077,632$75,000,066$34,615,162$588,064,868
100$923,364,950$78,478,469$35,578,170$646,448,734