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%11.3%
1 years$776,243$769,329$762,583$755,999$749,569$745,470
2 years$384,279$377,122$370,186$363,461$356,938$352,802
3 years$253,641$246,453$239,535$232,873$226,456$222,411
4 years$188,335$181,169$174,320$167,772$161,510$157,587
5 years$149,162$142,039$135,279$128,865$122,778$118,988
6 years$123,055$115,985$109,326$103,054$97,150$93,499
7 years$104,414$97,404$90,850$84,727$79,009$75,499
8 years$90,440$83,494$77,048$71,075$65,545$62,176
9 years$79,577$72,696$66,362$60,540$55,199$51,969
10 years$70,892$64,078$57,856$52,186$47,032$43,940
11 years$63,790$57,045$50,935$45,418$40,449$37,494
12 years$57,876$51,201$45,204$39,837$35,052$32,231
13 years$52,876$46,270$40,386$35,170$30,566$27,875
14 years$48,594$42,058$36,287$31,220$26,794$24,231
15 years$44,887$38,421$32,763$27,843$23,592$21,153
16 years$41,646$35,251$29,704$24,930$20,850$18,533
17 years$38,789$32,465$27,030$22,400$18,487$16,288
18 years$36,252$29,999$24,675$20,187$16,438$14,352
19 years$33,985$27,802$22,588$18,240$14,652$12,676
20 years$31,948$25,835$20,730$16,520$13,087$11,218
21 years$30,106$24,065$19,068$14,993$11,712$9,944
22 years$28,435$22,463$17,574$13,632$10,498$8,829
23 years$26,911$21,010$16,227$12,415$9,423$7,849
24 years$25,516$19,685$15,007$11,323$8,470$6,986
25 years$24,235$18,473$13,899$10,341$7,622$6,224
26 years$23,054$17,362$12,891$9,455$6,865$5,551
27 years$21,962$16,339$11,970$8,655$6,190$4,954
28 years$20,951$15,397$11,128$7,930$5,585$4,425
29 years$20,010$14,525$10,356$7,272$5,043$3,954
30 years$19,134$13,717$9,646$6,674$4,557$3,536
31 years$18,317$12,967$8,993$6,129$4,120$3,164
32 years$17,551$12,270$8,390$5,633$3,727$2,832
33 years$16,834$11,620$7,834$5,180$3,373$2,535
34 years$16,160$11,013$7,320$4,766$3,054$2,271
35 years$15,527$10,445$6,843$4,387$2,766$2,035
36 years$14,929$9,914$6,402$4,041$2,506$1,824
37 years$14,366$9,416$5,992$3,723$2,271$1,635
38 years$13,833$8,949$5,611$3,431$2,059$1,466
39 years$13,329$8,509$5,257$3,164$1,867$1,315
40 years$12,851$8,096$4,927$2,918$1,694$1,180
41 years$12,398$7,707$4,620$2,692$1,536$1,058
42 years$11,968$7,340$4,334$2,485$1,394$950
43 years$11,558$6,993$4,067$2,294$1,265$852
44 years$11,169$6,666$3,818$2,118$1,149$765
45 years$10,797$6,357$3,585$1,956$1,043$687
46 years$10,443$6,064$3,367$1,807$947$616
47 years$10,105$5,787$3,163$1,669$860$553
48 years$9,782$5,524$2,972$1,542$781$497
49 years$9,473$5,275$2,794$1,425$709$446
50 years$9,178$5,039$2,627$1,318$644$401

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 $2,379 every year, while hoping to spend $20,351 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: 48/22/30 Blend
52$9,400,000$9,400,000$9,400,000$9,400,000
53$10,361,254$9,863,054$9,717,354$10,769,579
54$11,396,449$10,324,690$10,021,232$11,519,592
55$12,536,551$10,808,265$10,334,608$12,331,469
56$13,792,240$11,314,831$10,657,778$13,212,832
57$15,175,284$11,845,493$10,991,049$14,170,254
58$16,698,650$12,401,409$11,334,736$15,210,961
59$18,376,626$12,983,792$11,689,164$16,342,890
60$20,224,960$13,593,916$12,054,669$17,574,770
61$22,261,003$14,233,115$12,431,597$18,916,193
62$24,503,874$14,902,786$12,820,305$20,377,707
63$26,974,644$15,604,398$13,221,160$21,970,909
64$29,696,531$16,339,486$13,634,542$23,708,554
65$32,695,121$17,109,664$14,060,842$25,604,669
66$35,998,607$17,916,621$14,500,464$27,674,682
67$39,638,058$18,762,130$14,953,824$29,935,566
68$43,647,714$19,648,048$15,421,350$32,405,994
69$48,065,301$20,576,322$15,903,486$35,106,507
70$52,932,396$21,548,996$16,400,687$38,059,713
71$58,294,814$22,568,211$16,913,424$41,290,484
72$64,203,044$23,636,212$17,442,182$44,826,196
73$70,712,720$24,755,352$17,987,461$48,696,977
74$77,885,154$25,928,101$18,549,778$52,935,987
75$85,787,909$27,157,047$19,129,664$57,579,726
76$94,495,436$28,444,902$19,727,668$62,668,373
77$104,089,781$29,794,513$20,344,355$68,246,160
78$114,661,357$31,208,863$20,980,310$74,361,779
79$126,309,799$32,691,081$21,636,134$81,068,843
80$139,144,900$34,244,446$22,312,446$88,426,378
81$153,287,654$35,872,398$23,009,887$96,499,376
82$168,871,393$37,578,544$23,729,117$105,359,402
83$186,043,048$39,366,665$24,470,815$115,085,261
84$204,964,536$41,240,728$25,235,684$125,763,732
85$225,814,285$43,204,891$26,024,446$137,490,381
86$248,788,925$45,263,513$26,837,848$150,370,455
87$274,105,138$47,421,168$27,676,659$164,519,865
88$302,001,707$49,682,650$28,541,672$180,066,268
89$332,741,768$52,052,987$29,433,704$197,150,269
90$366,615,296$54,537,450$30,353,601$215,926,729
91$403,941,840$57,141,570$31,302,230$236,566,224
92$445,073,543$59,871,142$32,280,490$259,256,640
93$490,398,463$62,732,247$33,289,306$284,204,934
94$540,344,239$65,731,259$34,329,630$311,639,075
95$595,382,125$68,874,865$35,402,447$341,810,188
96$656,031,444$72,170,075$36,508,770$374,994,906
97$722,864,483$75,624,241$37,649,646$411,497,967
98$796,511,904$79,245,073$38,826,153$451,655,079
99$877,668,693$83,040,655$40,039,404$495,836,073
100$967,100,720$87,019,468$41,290,544$544,448,376