Can I retire at age 53 with 9,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$776,243$769,329$762,583$755,999$749,569$720,398
2 years$384,279$377,122$370,186$363,461$356,938$327,901
3 years$253,641$246,453$239,535$232,873$226,456$198,467
4 years$188,335$181,169$174,320$167,772$161,510$134,783
5 years$149,162$142,039$135,279$128,865$122,778$97,380
6 years$123,055$115,985$109,326$103,054$97,150$73,098
7 years$104,414$97,404$90,850$84,727$79,009$56,296
8 years$90,440$83,494$77,048$71,075$65,545$44,149
9 years$79,577$72,696$66,362$60,540$55,199$35,086
10 years$70,892$64,078$57,856$52,186$47,032$28,166
11 years$63,790$57,045$50,935$45,418$40,449$22,786
12 years$57,876$51,201$45,204$39,837$35,052$18,546
13 years$52,876$46,270$40,386$35,170$30,566$15,167
14 years$48,594$42,058$36,287$31,220$26,794$12,452
15 years$44,887$38,421$32,763$27,843$23,592$10,255
16 years$41,646$35,251$29,704$24,930$20,850$8,466
17 years$38,789$32,465$27,030$22,400$18,487$7,004
18 years$36,252$29,999$24,675$20,187$16,438$5,804
19 years$33,985$27,802$22,588$18,240$14,652$4,817
20 years$31,948$25,835$20,730$16,520$13,087$4,002
21 years$30,106$24,065$19,068$14,993$11,712$3,328
22 years$28,435$22,463$17,574$13,632$10,498$2,769
23 years$26,911$21,010$16,227$12,415$9,423$2,306
24 years$25,516$19,685$15,007$11,323$8,470$1,921
25 years$24,235$18,473$13,899$10,341$7,622$1,602
26 years$23,054$17,362$12,891$9,455$6,865$1,336
27 years$21,962$16,339$11,970$8,655$6,190$1,114
28 years$20,951$15,397$11,128$7,930$5,585$929
29 years$20,010$14,525$10,356$7,272$5,043$776
30 years$19,134$13,717$9,646$6,674$4,557$647
31 years$18,317$12,967$8,993$6,129$4,120$540
32 years$17,551$12,270$8,390$5,633$3,727$451
33 years$16,834$11,620$7,834$5,180$3,373$377
34 years$16,160$11,013$7,320$4,766$3,054$315
35 years$15,527$10,445$6,843$4,387$2,766$263
36 years$14,929$9,914$6,402$4,041$2,506$219
37 years$14,366$9,416$5,992$3,723$2,271$183
38 years$13,833$8,949$5,611$3,431$2,059$153
39 years$13,329$8,509$5,257$3,164$1,867$128
40 years$12,851$8,096$4,927$2,918$1,694$107
41 years$12,398$7,707$4,620$2,692$1,536$89
42 years$11,968$7,340$4,334$2,485$1,394$75
43 years$11,558$6,993$4,067$2,294$1,265$62
44 years$11,169$6,666$3,818$2,118$1,149$52
45 years$10,797$6,357$3,585$1,956$1,043$43
46 years$10,443$6,064$3,367$1,807$947$36
47 years$10,105$5,787$3,163$1,669$860$30
48 years$9,782$5,524$2,972$1,542$781$25
49 years$9,473$5,275$2,794$1,425$709$21
50 years$9,178$5,039$2,627$1,318$644$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $9,400,000, adding $5,421 every year, while hoping to spend $38,113 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: 38/42/20 Blend
52$9,400,000$9,400,000$9,400,000$9,400,000
53$10,364,392$9,866,192$9,720,492$10,695,896
54$11,381,008$10,309,083$10,005,576$11,378,717
55$12,500,041$10,772,399$10,298,934$12,112,173
56$13,731,899$11,257,100$10,600,801$12,904,058
57$15,088,046$11,764,191$10,911,422$13,759,668
58$16,581,119$12,294,729$11,231,046$14,684,810
59$18,225,039$12,849,816$11,559,932$15,685,855
60$20,035,147$13,430,612$11,898,344$16,769,791
61$22,028,348$14,038,327$12,246,555$17,944,287
62$24,223,267$14,674,234$12,604,843$19,217,762
63$26,640,432$15,339,662$12,973,496$20,599,458
64$29,302,459$16,036,009$13,352,811$22,099,520
65$32,234,271$16,764,734$13,743,091$23,729,093
66$35,463,330$17,527,370$14,144,649$25,500,417
67$39,019,901$18,325,522$14,557,805$27,426,938
68$42,937,330$19,160,871$14,982,891$29,523,431
69$47,252,364$20,035,181$15,420,245$31,806,129
70$52,005,499$20,950,298$15,870,216$34,292,877
71$57,241,354$21,908,158$16,333,163$37,003,288
72$63,009,103$22,910,788$16,809,455$39,958,922
73$69,362,930$23,960,315$17,299,470$43,183,484
74$76,362,545$25,058,966$17,803,598$46,703,042
75$84,073,745$26,209,076$18,322,239$50,546,260
76$92,569,037$27,413,091$18,855,804$54,744,663
77$101,928,322$28,673,576$19,404,717$59,332,929
78$112,239,647$29,993,218$19,969,411$64,349,201
79$123,600,039$31,374,833$20,550,334$69,835,445
80$136,116,416$32,821,373$21,147,944$75,837,829
81$149,906,603$34,335,933$21,762,712$82,407,154
82$165,100,438$35,921,755$22,395,125$89,599,321
83$181,841,001$37,582,239$23,045,679$97,475,845
84$200,285,960$39,320,946$23,714,887$106,104,428
85$220,609,067$41,141,611$24,403,274$115,559,584
86$243,001,789$43,048,147$25,111,381$125,923,329
87$267,675,123$45,044,658$25,839,764$137,285,941
88$294,861,582$47,135,442$26,588,992$149,746,801
89$324,817,393$49,325,009$27,359,654$163,415,314
90$357,824,915$51,618,082$28,152,350$178,411,926
91$394,195,303$54,019,615$28,967,700$194,869,247
92$434,271,446$56,534,798$29,806,340$212,933,285
93$478,431,204$59,169,074$30,668,923$232,764,805
94$527,090,977$61,928,148$31,556,122$254,540,831
95$580,709,629$64,818,000$32,468,625$278,456,295
96$639,792,828$67,844,899$33,407,140$304,725,858
97$704,897,814$71,015,417$34,372,397$333,585,918
98$776,638,662$74,336,443$35,365,143$365,296,814
99$855,692,076$77,815,199$36,386,146$400,145,263
100$942,803,780$81,459,257$37,436,195$438,447,045