Can I retire at age 53 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$784,501$777,513$770,696$764,041$757,543$742,856
2 years$388,367$381,134$374,124$367,327$360,735$345,997
3 years$256,339$249,075$242,083$235,350$228,865$214,536
4 years$190,339$183,097$176,174$169,557$163,228$149,419
5 years$150,748$143,550$136,719$130,236$124,084$110,834
6 years$124,364$117,219$110,489$104,151$98,183$85,507
7 years$105,525$98,441$91,817$85,628$79,849$67,749
8 years$91,402$84,382$77,868$71,831$66,243$54,716
9 years$80,423$73,470$67,068$61,184$55,786$44,825
10 years$71,646$64,760$58,471$52,741$47,532$37,127
11 years$64,469$57,652$51,477$45,901$40,879$31,017
12 years$58,492$51,745$45,685$40,261$35,425$26,092
13 years$53,439$46,763$40,816$35,545$30,891$22,072
14 years$49,111$42,506$36,673$31,552$27,079$18,758
15 years$45,364$38,830$33,111$28,139$23,843$16,001
16 years$42,089$35,626$30,020$25,196$21,072$13,693
17 years$39,201$32,810$27,317$22,638$18,684$11,750
18 years$36,638$30,318$24,937$20,401$16,613$10,104
19 years$34,347$28,098$22,829$18,434$14,808$8,706
20 years$32,287$26,110$20,951$16,696$13,226$7,514
21 years$30,427$24,321$19,271$15,153$11,836$6,493
22 years$28,737$22,702$17,761$13,777$10,609$5,618
23 years$27,197$21,233$16,399$12,547$9,524$4,866
24 years$25,787$19,894$15,167$11,444$8,560$4,219
25 years$24,492$18,670$14,047$10,451$7,703$3,660
26 years$23,299$17,546$13,028$9,556$6,938$3,177
27 years$22,196$16,513$12,098$8,747$6,256$2,760
28 years$21,173$15,560$11,246$8,014$5,644$2,398
29 years$20,223$14,679$10,466$7,349$5,097$2,085
30 years$19,338$13,863$9,748$6,745$4,605$1,813
31 years$18,511$13,105$9,088$6,194$4,164$1,578
32 years$17,738$12,400$8,479$5,693$3,766$1,373
33 years$17,013$11,743$7,917$5,235$3,408$1,195
34 years$16,332$11,130$7,397$4,817$3,086$1,040
35 years$15,692$10,557$6,916$4,434$2,795$906
36 years$15,088$10,020$6,470$4,084$2,533$789
37 years$14,519$9,516$6,056$3,762$2,295$687
38 years$13,980$9,044$5,671$3,468$2,081$599
39 years$13,471$8,600$5,313$3,198$1,887$522
40 years$12,988$8,182$4,980$2,949$1,712$454
41 years$12,530$7,789$4,670$2,721$1,553$396
42 years$12,095$7,418$4,380$2,511$1,409$345
43 years$11,681$7,068$4,110$2,318$1,279$301
44 years$11,287$6,737$3,858$2,140$1,161$262
45 years$10,912$6,424$3,623$1,977$1,054$228
46 years$10,554$6,128$3,403$1,826$957$199
47 years$10,213$5,848$3,197$1,687$869$174
48 years$9,886$5,583$3,004$1,559$789$151
49 years$9,574$5,332$2,823$1,441$717$132
50 years$9,275$5,093$2,654$1,332$651$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $9,500,000, adding $2,960 every year, while hoping to spend $29,007 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: 35/45/20 Blend
52$9,500,000$9,500,000$9,500,000$9,500,000
53$10,472,053$9,968,553$9,821,303$10,774,593
54$11,509,339$10,426,149$10,119,454$11,454,496
55$12,651,457$10,905,195$10,426,620$12,184,698
56$13,909,067$11,406,711$10,743,073$12,971,975
57$15,293,919$11,931,768$11,069,094$13,821,420
58$16,818,959$12,481,485$11,404,969$14,738,616
59$18,498,453$13,057,037$11,750,995$15,729,681
60$20,348,120$13,659,656$12,107,478$16,801,322
61$22,385,281$14,290,633$12,474,732$17,960,895
62$24,629,026$14,951,320$12,853,081$19,216,467
63$27,100,386$15,643,134$13,242,859$20,576,889
64$29,822,540$16,367,562$13,644,409$22,051,873
65$32,821,027$17,126,161$14,058,085$23,652,079
66$36,123,993$17,920,564$14,484,252$25,389,208
67$39,762,451$18,752,483$14,923,286$27,276,107
68$43,770,577$19,623,710$15,375,571$29,326,885
69$48,186,031$20,536,127$15,841,508$31,557,038
70$53,050,313$21,491,704$16,321,505$33,983,587
71$58,409,155$22,492,507$16,815,986$36,625,234
72$64,312,952$23,540,703$17,325,384$39,502,528
73$70,817,237$24,638,561$17,850,149$42,638,053
74$77,983,206$25,788,462$18,390,740$46,056,631
75$85,878,297$26,992,901$18,947,633$49,785,549
76$94,576,822$28,254,492$19,521,318$53,854,805
77$104,160,674$29,575,977$20,112,298$58,297,383
78$114,720,094$30,960,232$20,721,091$63,149,554
79$126,354,528$32,410,268$21,348,233$68,451,207
80$139,173,564$33,929,245$21,994,273$74,246,215
81$153,297,964$35,520,475$22,659,777$80,582,836
82$168,860,807$37,187,428$23,345,330$87,514,159
83$186,008,743$38,933,746$24,051,533$95,098,588
84$204,903,379$40,763,244$24,779,003$103,400,386
85$225,722,802$42,679,921$25,528,378$112,490,260
86$248,663,264$44,687,974$26,300,315$122,446,020
87$273,941,031$46,791,798$27,095,489$133,353,296
88$301,794,424$48,996,004$27,914,596$145,306,329
89$332,486,072$51,305,425$28,758,352$158,408,845
90$366,305,390$53,725,129$29,627,495$172,775,015
91$403,571,309$56,260,430$30,522,786$188,530,516
92$444,635,289$58,916,898$31,445,006$205,813,699
93$489,884,636$61,700,373$32,394,961$224,776,871
94$539,746,158$64,616,980$33,373,481$245,587,715
95$594,690,193$67,673,140$34,381,419$268,430,847
96$655,235,053$70,875,583$35,419,657$293,509,540
97$721,951,912$74,231,370$36,489,099$321,047,616
98$795,470,201$77,747,902$37,590,678$351,291,533
99$876,483,550$81,432,938$38,725,355$384,512,686
100$965,756,336$85,294,616$39,894,118$421,009,940