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%11.1%
1 years$776,243$769,329$762,583$755,999$749,569$746,097
2 years$384,279$377,122$370,186$363,461$356,938$353,433
3 years$253,641$246,453$239,535$232,873$226,456$223,027
4 years$188,335$181,169$174,320$167,772$161,510$158,184
5 years$149,162$142,039$135,279$128,865$122,778$119,563
6 years$123,055$115,985$109,326$103,054$97,150$94,051
7 years$104,414$97,404$90,850$84,727$79,009$76,028
8 years$90,440$83,494$77,048$71,075$65,545$62,683
9 years$79,577$72,696$66,362$60,540$55,199$52,454
10 years$70,892$64,078$57,856$52,186$47,032$44,403
11 years$63,790$57,045$50,935$45,418$40,449$37,935
12 years$57,876$51,201$45,204$39,837$35,052$32,651
13 years$52,876$46,270$40,386$35,170$30,566$28,275
14 years$48,594$42,058$36,287$31,220$26,794$24,610
15 years$44,887$38,421$32,763$27,843$23,592$21,513
16 years$41,646$35,251$29,704$24,930$20,850$18,874
17 years$38,789$32,465$27,030$22,400$18,487$16,610
18 years$36,252$29,999$24,675$20,187$16,438$14,657
19 years$33,985$27,802$22,588$18,240$14,652$12,963
20 years$31,948$25,835$20,730$16,520$13,087$11,488
21 years$30,106$24,065$19,068$14,993$11,712$10,199
22 years$28,435$22,463$17,574$13,632$10,498$9,069
23 years$26,911$21,010$16,227$12,415$9,423$8,074
24 years$25,516$19,685$15,007$11,323$8,470$7,197
25 years$24,235$18,473$13,899$10,341$7,622$6,423
26 years$23,054$17,362$12,891$9,455$6,865$5,736
27 years$21,962$16,339$11,970$8,655$6,190$5,128
28 years$20,951$15,397$11,128$7,930$5,585$4,587
29 years$20,010$14,525$10,356$7,272$5,043$4,106
30 years$19,134$13,717$9,646$6,674$4,557$3,678
31 years$18,317$12,967$8,993$6,129$4,120$3,296
32 years$17,551$12,270$8,390$5,633$3,727$2,955
33 years$16,834$11,620$7,834$5,180$3,373$2,650
34 years$16,160$11,013$7,320$4,766$3,054$2,378
35 years$15,527$10,445$6,843$4,387$2,766$2,134
36 years$14,929$9,914$6,402$4,041$2,506$1,916
37 years$14,366$9,416$5,992$3,723$2,271$1,720
38 years$13,833$8,949$5,611$3,431$2,059$1,545
39 years$13,329$8,509$5,257$3,164$1,867$1,388
40 years$12,851$8,096$4,927$2,918$1,694$1,248
41 years$12,398$7,707$4,620$2,692$1,536$1,121
42 years$11,968$7,340$4,334$2,485$1,394$1,008
43 years$11,558$6,993$4,067$2,294$1,265$906
44 years$11,169$6,666$3,818$2,118$1,149$815
45 years$10,797$6,357$3,585$1,956$1,043$733
46 years$10,443$6,064$3,367$1,807$947$659
47 years$10,105$5,787$3,163$1,669$860$592
48 years$9,782$5,524$2,972$1,542$781$533
49 years$9,473$5,275$2,794$1,425$709$479
50 years$9,178$5,039$2,627$1,318$644$431

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 $6,240 every year, while hoping to spend $53,381 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: 63/9/28 Blend
52$9,400,000$9,400,000$9,400,000$9,400,000
53$10,365,237$9,867,037$9,721,337$10,940,374
54$11,365,694$10,293,724$9,990,204$11,757,975
55$12,466,408$10,739,531$10,266,290$12,644,279
56$13,677,551$11,205,336$10,549,779$13,611,284
57$15,010,326$11,692,063$10,840,862$14,666,910
58$16,477,080$12,200,675$11,139,732$15,819,877
59$18,091,418$12,732,184$11,446,589$17,079,784
60$19,868,329$13,287,648$11,761,636$18,457,195
61$21,824,331$13,868,174$12,085,083$19,963,743
62$23,977,621$14,474,923$12,417,142$21,612,235
63$26,348,255$15,109,111$12,758,032$23,416,770
64$28,958,327$15,772,008$13,107,977$25,392,875
65$31,832,188$16,464,947$13,467,205$27,557,645
66$34,996,665$17,189,324$13,835,951$29,929,908
67$38,481,324$17,946,600$14,214,454$32,530,395
68$42,318,740$18,738,304$14,602,960$35,381,940
69$46,544,811$19,566,041$15,001,718$38,509,686
70$51,199,092$20,431,487$15,410,986$41,941,331
71$56,325,171$21,336,402$15,831,026$45,707,376
72$61,971,080$22,282,626$16,262,106$49,841,420
73$68,189,744$23,272,089$16,704,501$54,380,469
74$75,039,486$24,306,810$17,158,490$59,365,287
75$82,584,576$25,388,906$17,624,362$64,840,775
76$90,895,833$26,520,593$18,102,408$70,856,396
77$100,051,299$27,704,193$18,592,930$77,466,637
78$110,136,972$28,942,138$19,096,233$84,731,521
79$121,247,616$30,236,976$19,612,630$92,717,172
80$133,487,662$31,591,377$20,142,442$101,496,435
81$146,972,185$33,008,136$20,685,996$111,149,563
82$161,827,997$34,490,183$21,243,625$121,764,967
83$178,194,837$36,040,587$21,815,671$133,440,055
84$196,226,697$37,662,562$22,402,483$146,282,140
85$216,093,271$39,359,478$23,004,416$160,409,455
86$237,981,556$41,134,864$23,621,836$175,952,264
87$262,097,619$42,992,417$24,255,111$193,054,087
88$288,668,541$44,936,011$24,904,623$211,873,055
89$317,944,563$46,969,705$25,570,758$232,583,394
90$350,201,441$49,097,754$26,253,911$255,377,067
91$385,743,056$51,324,612$26,954,486$280,465,586
92$424,904,280$53,654,950$27,672,893$308,081,997
93$468,054,135$56,093,661$28,409,554$338,483,082
94$515,599,278$58,645,872$29,164,895$371,951,776
95$567,987,840$61,316,955$29,939,354$408,799,832
96$625,713,654$64,112,540$30,733,377$449,370,759
97$689,320,920$67,038,527$31,547,418$494,043,063
98$759,409,337$70,101,099$32,381,940$543,233,809
99$836,639,770$73,306,733$33,237,416$597,402,557
100$921,740,484$76,662,220$34,114,326$657,055,694