Can I retire at age 53 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$801,017$793,882$786,921$780,126$773,492$762,247
2 years$396,543$389,158$382,000$375,061$368,329$357,025
3 years$261,736$254,319$247,180$240,305$233,683$222,669
4 years$194,346$186,951$179,883$173,126$166,665$156,027
5 years$153,922$146,572$139,597$132,978$126,696$116,465
6 years$126,982$119,687$112,815$106,343$100,250$90,438
7 years$107,746$100,513$93,750$87,431$81,530$72,140
8 years$93,326$86,158$79,507$73,343$67,637$58,667
9 years$82,117$75,016$68,480$62,472$56,960$48,407
10 years$73,154$66,123$59,702$53,852$48,533$40,389
11 years$65,826$58,866$52,561$46,867$41,740$33,998
12 years$59,723$52,835$46,646$41,109$36,171$28,822
13 years$54,564$47,747$41,675$36,293$31,542$24,575
14 years$50,145$43,401$37,446$32,217$27,649$21,054
15 years$46,319$39,647$33,808$28,732$24,345$18,109
16 years$42,975$36,376$30,652$25,726$21,516$15,628
17 years$40,027$33,501$27,892$23,115$19,078$13,525
18 years$37,409$30,956$25,462$20,831$16,963$11,733
19 years$35,070$28,690$23,309$18,823$15,119$10,199
20 years$32,967$26,660$21,392$17,047$13,505$8,881
21 years$31,067$24,833$19,677$15,472$12,085$7,745
22 years$29,342$23,180$18,135$14,067$10,833$6,763
23 years$27,770$21,680$16,744$12,811$9,724$5,913
24 years$26,330$20,313$15,486$11,685$8,740$5,174
25 years$25,008$19,063$14,343$10,671$7,865$4,532
26 years$23,790$17,916$13,302$9,757$7,084$3,972
27 years$22,663$16,861$12,352$8,931$6,387$3,483
28 years$21,619$15,888$11,483$8,183$5,763$3,057
29 years$20,649$14,988$10,686$7,504$5,204$2,684
30 years$19,745$14,155$9,954$6,887$4,702$2,357
31 years$18,901$13,381$9,280$6,325$4,251$2,071
32 years$18,111$12,661$8,658$5,813$3,846$1,820
33 years$17,371$11,990$8,084$5,345$3,480$1,601
34 years$16,676$11,364$7,553$4,918$3,151$1,408
35 years$16,022$10,779$7,062$4,527$2,854$1,238
36 years$15,406$10,231$6,606$4,170$2,586$1,089
37 years$14,824$9,717$6,183$3,842$2,344$959
38 years$14,275$9,234$5,790$3,541$2,125$844
39 years$13,754$8,781$5,425$3,265$1,927$743
40 years$13,261$8,354$5,085$3,011$1,748$654
41 years$12,794$7,953$4,768$2,778$1,586$575
42 years$12,350$7,574$4,472$2,564$1,439$507
43 years$11,927$7,216$4,197$2,367$1,306$446
44 years$11,525$6,879$3,939$2,186$1,185$393
45 years$11,142$6,559$3,699$2,018$1,076$346
46 years$10,776$6,257$3,474$1,864$977$305
47 years$10,428$5,971$3,264$1,723$887$268
48 years$10,094$5,701$3,067$1,592$806$236
49 years$9,776$5,444$2,883$1,471$732$208
50 years$9,471$5,200$2,710$1,360$665$183

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $9,700,000, adding $6,525 every year, while hoping to spend $56,637 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: 51/35/14 Blend
52$9,700,000$9,700,000$9,700,000$9,700,000
53$10,696,131$10,182,031$10,031,681$11,200,759
54$11,726,875$10,620,689$10,307,481$11,985,964
55$12,860,856$11,078,943$10,590,622$12,832,640
56$14,108,546$11,557,694$10,881,290$13,751,842
57$15,481,480$12,057,883$11,179,676$14,750,426
58$16,992,371$12,580,499$11,485,974$15,835,927
59$18,655,223$13,126,574$11,800,385$17,016,625
60$20,485,469$13,697,190$12,123,111$18,301,621
61$22,500,115$14,293,479$12,454,363$19,700,917
62$24,717,895$14,916,629$12,794,353$21,225,511
63$27,159,457$15,567,879$13,143,300$22,887,493
64$29,847,548$16,248,532$13,501,427$24,700,158
65$32,807,236$16,959,948$13,868,963$26,678,129
66$36,066,142$17,703,554$14,246,142$28,837,485
67$39,654,703$18,480,842$14,633,201$31,195,916
68$43,606,456$19,293,377$15,030,387$33,772,881
69$47,958,357$20,142,795$15,437,948$36,589,787
70$52,751,130$21,030,812$15,856,139$39,670,188
71$58,029,647$21,959,225$16,285,222$43,040,001
72$63,843,357$22,929,913$16,725,463$46,727,747
73$70,246,749$23,944,847$17,177,135$50,764,812
74$77,299,864$25,006,092$17,640,516$55,185,739
75$85,068,868$26,115,808$18,115,891$60,028,549
76$93,626,669$27,276,259$18,603,550$65,335,092
77$103,053,610$28,489,817$19,103,790$71,151,437
78$113,438,225$29,758,965$19,616,914$77,528,296
79$124,878,075$31,086,305$20,143,232$84,521,502
80$137,480,669$32,474,564$20,683,060$92,192,522
81$151,364,475$33,926,596$21,236,720$100,609,036
82$166,660,044$35,445,391$21,804,543$109,845,559
83$183,511,237$37,034,084$22,386,864$119,984,146
84$202,076,586$38,695,957$22,984,026$131,115,148
85$222,530,787$40,434,448$23,596,381$143,338,062
86$245,066,352$42,253,161$24,224,284$156,762,459
87$269,895,424$44,155,870$24,868,102$171,509,006
88$297,251,779$46,146,529$25,528,204$187,710,595
89$327,393,033$48,229,281$26,204,972$205,513,589
90$360,603,074$50,408,468$26,898,790$225,079,188
91$397,194,742$52,688,638$27,610,054$246,584,943
92$437,512,780$55,074,555$28,339,166$270,226,413
93$481,937,090$57,571,214$29,086,533$296,219,004
94$530,886,316$60,183,847$29,852,575$324,799,985
95$584,821,800$62,917,935$30,637,716$356,230,713
96$644,251,933$65,779,224$31,442,390$390,799,087
97$709,736,957$68,773,732$32,267,036$428,822,248
98$781,894,250$71,907,768$33,112,105$470,649,556
99$861,404,157$75,187,942$33,978,054$516,665,872
100$949,016,410$78,621,181$34,865,348$567,295,173