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

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$776,243$769,329$762,583$755,999$749,569$743,599
2 years$384,279$377,122$370,186$363,461$356,938$350,920
3 years$253,641$246,453$239,535$232,873$226,456$220,577
4 years$188,335$181,169$174,320$167,772$161,510$155,815
5 years$149,162$142,039$135,279$128,865$122,778$117,283
6 years$123,055$115,985$109,326$103,054$97,150$91,862
7 years$104,414$97,404$90,850$84,727$79,009$73,931
8 years$90,440$83,494$77,048$71,075$65,545$60,678
9 years$79,577$72,696$66,362$60,540$55,199$50,540
10 years$70,892$64,078$57,856$52,186$47,032$42,579
11 years$63,790$57,045$50,935$45,418$40,449$36,198
12 years$57,876$51,201$45,204$39,837$35,052$31,000
13 years$52,876$46,270$40,386$35,170$30,566$26,708
14 years$48,594$42,058$36,287$31,220$26,794$23,126
15 years$44,887$38,421$32,763$27,843$23,592$20,108
16 years$41,646$35,251$29,704$24,930$20,850$17,545
17 years$38,789$32,465$27,030$22,400$18,487$15,356
18 years$36,252$29,999$24,675$20,187$16,438$13,474
19 years$33,985$27,802$22,588$18,240$14,652$11,849
20 years$31,948$25,835$20,730$16,520$13,087$10,440
21 years$30,106$24,065$19,068$14,993$11,712$9,215
22 years$28,435$22,463$17,574$13,632$10,498$8,144
23 years$26,911$21,010$16,227$12,415$9,423$7,208
24 years$25,516$19,685$15,007$11,323$8,470$6,386
25 years$24,235$18,473$13,899$10,341$7,622$5,663
26 years$23,054$17,362$12,891$9,455$6,865$5,027
27 years$21,962$16,339$11,970$8,655$6,190$4,465
28 years$20,951$15,397$11,128$7,930$5,585$3,969
29 years$20,010$14,525$10,356$7,272$5,043$3,530
30 years$19,134$13,717$9,646$6,674$4,557$3,141
31 years$18,317$12,967$8,993$6,129$4,120$2,797
32 years$17,551$12,270$8,390$5,633$3,727$2,491
33 years$16,834$11,620$7,834$5,180$3,373$2,219
34 years$16,160$11,013$7,320$4,766$3,054$1,978
35 years$15,527$10,445$6,843$4,387$2,766$1,764
36 years$14,929$9,914$6,402$4,041$2,506$1,573
37 years$14,366$9,416$5,992$3,723$2,271$1,403
38 years$13,833$8,949$5,611$3,431$2,059$1,252
39 years$13,329$8,509$5,257$3,164$1,867$1,117
40 years$12,851$8,096$4,927$2,918$1,694$997
41 years$12,398$7,707$4,620$2,692$1,536$890
42 years$11,968$7,340$4,334$2,485$1,394$794
43 years$11,558$6,993$4,067$2,294$1,265$709
44 years$11,169$6,666$3,818$2,118$1,149$633
45 years$10,797$6,357$3,585$1,956$1,043$565
46 years$10,443$6,064$3,367$1,807$947$505
47 years$10,105$5,787$3,163$1,669$860$451
48 years$9,782$5,524$2,972$1,542$781$403
49 years$9,473$5,275$2,794$1,425$709$360
50 years$9,178$5,039$2,627$1,318$644$321

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 $4,303 every year, while hoping to spend $38,564 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: 75/19/6 Blend
52$9,400,000$9,400,000$9,400,000$9,400,000
53$10,363,239$9,865,039$9,719,339$11,133,724
54$11,379,257$10,307,394$10,003,905$12,083,268
55$12,497,617$10,770,132$10,296,711$13,118,091
56$13,728,716$11,254,211$10,597,993$14,250,876
57$15,084,013$11,760,634$10,907,993$15,491,308
58$16,576,131$12,290,454$11,226,960$16,850,046
59$18,218,982$12,844,772$11,555,149$18,338,822
60$20,027,894$13,424,742$11,892,822$19,970,554
61$22,019,759$14,031,574$12,240,251$21,759,459
62$24,213,187$14,666,534$12,597,713$23,721,189
63$26,628,690$15,330,951$12,965,494$25,872,978
64$29,288,864$16,026,216$13,343,886$28,233,800
65$32,218,614$16,753,787$13,733,192$30,824,546
66$35,445,381$17,515,190$14,133,722$33,668,220
67$38,999,402$18,312,027$14,545,794$36,790,154
68$42,914,000$19,145,975$14,969,737$40,218,241
69$47,225,891$20,018,790$15,405,886$43,983,201
70$51,975,536$20,932,316$15,854,588$48,118,862
71$57,207,523$21,888,482$16,316,198$52,662,484
72$62,970,983$22,889,309$16,791,083$57,655,098
73$69,320,056$23,936,919$17,279,618$63,141,899
74$76,314,405$25,033,531$17,782,189$69,172,663
75$84,019,775$26,181,474$18,299,192$75,802,218
76$92,508,613$27,383,188$18,831,036$83,090,953
77$101,860,755$28,641,228$19,378,139$91,105,389
78$112,164,178$29,958,274$19,940,933$99,918,800
79$123,515,830$31,337,135$20,519,860$109,611,899
80$136,022,544$32,780,753$21,115,374$120,273,599
81$149,802,047$34,292,214$21,727,943$132,001,848
82$164,984,074$35,874,751$22,358,047$144,904,543
83$181,711,587$37,531,751$23,006,180$159,100,551
84$200,142,130$39,266,768$23,672,847$174,720,820
85$220,449,310$41,083,523$24,358,571$191,909,612
86$242,824,443$42,985,919$25,063,886$210,825,859
87$267,478,352$44,978,045$25,789,343$231,644,657
88$294,643,363$47,064,188$26,535,505$254,558,913
89$324,575,495$49,248,842$27,302,953$279,781,159
90$357,556,878$51,536,718$28,092,284$307,545,551
91$393,898,414$53,932,752$28,904,111$338,110,072
92$433,942,715$56,442,119$29,739,061$371,758,962
93$478,067,335$59,070,246$30,597,782$408,805,390
94$526,688,334$61,822,818$31,480,938$449,594,406
95$580,264,205$64,705,797$32,389,211$494,506,184
96$639,300,205$67,725,433$33,323,301$543,959,610
97$704,353,123$70,888,276$34,283,929$598,416,219
98$776,036,534$74,201,194$35,271,832$658,384,546
99$855,026,593$77,671,385$36,287,772$724,424,917
100$942,068,420$81,306,398$37,332,527$797,154,725