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%13.6%
1 years$801,017$793,882$786,921$780,126$773,492$761,933
2 years$396,543$389,158$382,000$375,061$368,329$356,710
3 years$261,736$254,319$247,180$240,305$233,683$222,365
4 years$194,346$186,951$179,883$173,126$166,665$155,735
5 years$153,922$146,572$139,597$132,978$126,696$116,186
6 years$126,982$119,687$112,815$106,343$100,250$90,172
7 years$107,746$100,513$93,750$87,431$81,530$71,888
8 years$93,326$86,158$79,507$73,343$67,637$58,429
9 years$82,117$75,016$68,480$62,472$56,960$48,181
10 years$73,154$66,123$59,702$53,852$48,533$40,177
11 years$65,826$58,866$52,561$46,867$41,740$33,798
12 years$59,723$52,835$46,646$41,109$36,171$28,634
13 years$54,564$47,747$41,675$36,293$31,542$24,399
14 years$50,145$43,401$37,446$32,217$27,649$20,889
15 years$46,319$39,647$33,808$28,732$24,345$17,955
16 years$42,975$36,376$30,652$25,726$21,516$15,484
17 years$40,027$33,501$27,892$23,115$19,078$13,391
18 years$37,409$30,956$25,462$20,831$16,963$11,608
19 years$35,070$28,690$23,309$18,823$15,119$10,083
20 years$32,967$26,660$21,392$17,047$13,505$8,774
21 years$31,067$24,833$19,677$15,472$12,085$7,646
22 years$29,342$23,180$18,135$14,067$10,833$6,672
23 years$27,770$21,680$16,744$12,811$9,724$5,828
24 years$26,330$20,313$15,486$11,685$8,740$5,096
25 years$25,008$19,063$14,343$10,671$7,865$4,460
26 years$23,790$17,916$13,302$9,757$7,084$3,906
27 years$22,663$16,861$12,352$8,931$6,387$3,423
28 years$21,619$15,888$11,483$8,183$5,763$3,001
29 years$20,649$14,988$10,686$7,504$5,204$2,633
30 years$19,745$14,155$9,954$6,887$4,702$2,310
31 years$18,901$13,381$9,280$6,325$4,251$2,028
32 years$18,111$12,661$8,658$5,813$3,846$1,781
33 years$17,371$11,990$8,084$5,345$3,480$1,565
34 years$16,676$11,364$7,553$4,918$3,151$1,375
35 years$16,022$10,779$7,062$4,527$2,854$1,209
36 years$15,406$10,231$6,606$4,170$2,586$1,062
37 years$14,824$9,717$6,183$3,842$2,344$934
38 years$14,275$9,234$5,790$3,541$2,125$821
39 years$13,754$8,781$5,425$3,265$1,927$722
40 years$13,261$8,354$5,085$3,011$1,748$635
41 years$12,794$7,953$4,768$2,778$1,586$559
42 years$12,350$7,574$4,472$2,564$1,439$492
43 years$11,927$7,216$4,197$2,367$1,306$433
44 years$11,525$6,879$3,939$2,186$1,185$381
45 years$11,142$6,559$3,699$2,018$1,076$335
46 years$10,776$6,257$3,474$1,864$977$295
47 years$10,428$5,971$3,264$1,723$887$259
48 years$10,094$5,701$3,067$1,592$806$228
49 years$9,776$5,444$2,883$1,471$732$201
50 years$9,471$5,200$2,710$1,360$665$177

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 $3,889 every year, while hoping to spend $36,612 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: 55/37/8 Blend
52$9,700,000$9,700,000$9,700,000$9,700,000
53$10,693,412$10,179,312$10,028,962$11,261,059
54$11,745,185$10,639,143$10,325,977$12,104,875
55$12,903,011$11,120,279$10,631,715$13,018,750
56$14,177,671$11,623,725$10,946,430$14,012,841
57$15,581,040$12,150,534$11,270,382$15,094,779
58$17,126,206$12,701,810$11,603,840$16,272,944
59$18,827,590$13,278,710$11,947,079$17,556,551
60$20,701,082$13,882,444$12,300,384$18,955,724
61$22,764,192$14,514,284$12,664,047$20,481,592
62$25,036,215$15,175,559$13,038,368$22,146,392
63$27,538,412$15,867,664$13,423,656$23,963,576
64$30,294,210$16,592,060$13,820,229$25,947,939
65$33,329,427$17,350,279$14,228,414$28,115,749
66$36,672,510$18,143,923$14,648,547$30,484,898
67$40,354,807$18,974,677$15,080,974$33,075,068
68$44,410,861$19,844,300$15,526,051$35,907,910
69$48,878,739$20,754,641$15,984,144$39,007,242
70$53,800,387$21,707,635$16,455,629$42,399,271
71$59,222,027$22,705,310$16,940,893$46,112,832
72$65,194,596$23,749,792$17,440,335$50,179,654
73$71,774,222$24,843,309$17,954,364$54,634,657
74$79,022,758$25,988,196$18,483,400$59,516,271
75$87,008,363$27,186,901$19,027,878$64,866,792
76$95,806,146$28,441,990$19,588,242$70,732,778
77$105,498,875$29,756,149$20,164,950$77,165,475
78$116,177,759$31,132,199$20,758,474$84,221,297
79$127,943,305$32,573,092$21,369,298$91,962,350
80$140,906,273$34,081,924$21,997,920$100,457,007
81$155,188,715$35,661,941$22,644,853$109,780,547
82$170,925,131$37,316,543$23,310,623$120,015,854
83$188,263,738$39,049,297$23,995,772$131,254,190
84$207,367,866$40,863,939$24,700,857$143,596,048
85$228,417,504$42,764,388$25,426,451$157,152,086
86$251,610,995$44,754,749$26,173,144$172,044,163
87$277,166,913$46,839,327$26,941,540$188,406,478
88$305,326,119$49,022,635$27,732,262$206,386,819
89$336,354,041$51,309,403$28,545,951$226,147,953
90$370,543,179$53,704,589$29,383,266$247,869,142
91$408,215,861$56,213,392$30,244,883$271,747,823
92$449,727,291$58,841,260$31,131,499$298,001,457
93$495,468,899$61,593,906$32,043,829$326,869,569
94$545,872,038$64,477,319$32,982,608$358,615,985
95$601,412,054$67,497,776$33,948,594$393,531,313
96$662,612,776$70,661,859$34,942,564$431,935,664
97$730,051,457$73,976,469$35,965,318$474,181,656
98$804,364,227$77,448,837$37,017,678$520,657,724
99$886,252,097$81,086,549$38,100,489$571,791,763
100$976,487,575$84,897,554$39,214,619$628,055,149