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%16.1%
1 years$801,017$793,882$786,921$780,126$773,492$754,181
2 years$396,543$389,158$382,000$375,061$368,329$348,996
3 years$261,736$254,319$247,180$240,305$233,683$214,932
4 years$194,346$186,951$179,883$173,126$166,665$148,640
5 years$153,922$146,572$139,597$132,978$126,696$109,448
6 years$126,982$119,687$112,815$106,343$100,250$83,796
7 years$107,746$100,513$93,750$87,431$81,530$65,872
8 years$93,326$86,158$79,507$73,343$67,637$52,768
9 years$82,117$75,016$68,480$62,472$56,960$42,867
10 years$73,154$66,123$59,702$53,852$48,533$35,199
11 years$65,826$58,866$52,561$46,867$41,740$29,146
12 years$59,723$52,835$46,646$41,109$36,171$24,296
13 years$54,564$47,747$41,675$36,293$31,542$20,362
14 years$50,145$43,401$37,446$32,217$27,649$17,139
15 years$46,319$39,647$33,808$28,732$24,345$14,479
16 years$42,975$36,376$30,652$25,726$21,516$12,268
17 years$40,027$33,501$27,892$23,115$19,078$10,421
18 years$37,409$30,956$25,462$20,831$16,963$8,870
19 years$35,070$28,690$23,309$18,823$15,119$7,564
20 years$32,967$26,660$21,392$17,047$13,505$6,459
21 years$31,067$24,833$19,677$15,472$12,085$5,523
22 years$29,342$23,180$18,135$14,067$10,833$4,727
23 years$27,770$21,680$16,744$12,811$9,724$4,050
24 years$26,330$20,313$15,486$11,685$8,740$3,472
25 years$25,008$19,063$14,343$10,671$7,865$2,979
26 years$23,790$17,916$13,302$9,757$7,084$2,557
27 years$22,663$16,861$12,352$8,931$6,387$2,196
28 years$21,619$15,888$11,483$8,183$5,763$1,887
29 years$20,649$14,988$10,686$7,504$5,204$1,622
30 years$19,745$14,155$9,954$6,887$4,702$1,394
31 years$18,901$13,381$9,280$6,325$4,251$1,199
32 years$18,111$12,661$8,658$5,813$3,846$1,031
33 years$17,371$11,990$8,084$5,345$3,480$887
34 years$16,676$11,364$7,553$4,918$3,151$763
35 years$16,022$10,779$7,062$4,527$2,854$657
36 years$15,406$10,231$6,606$4,170$2,586$565
37 years$14,824$9,717$6,183$3,842$2,344$487
38 years$14,275$9,234$5,790$3,541$2,125$419
39 years$13,754$8,781$5,425$3,265$1,927$361
40 years$13,261$8,354$5,085$3,011$1,748$311
41 years$12,794$7,953$4,768$2,778$1,586$267
42 years$12,350$7,574$4,472$2,564$1,439$230
43 years$11,927$7,216$4,197$2,367$1,306$198
44 years$11,525$6,879$3,939$2,186$1,185$171
45 years$11,142$6,559$3,699$2,018$1,076$147
46 years$10,776$6,257$3,474$1,864$977$127
47 years$10,428$5,971$3,264$1,723$887$109
48 years$10,094$5,701$3,067$1,592$806$94
49 years$9,776$5,444$2,883$1,471$732$81
50 years$9,471$5,200$2,710$1,360$665$70

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 $2,916 every year, while hoping to spend $24,166 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: 59/35/6 Blend
52$9,700,000$9,700,000$9,700,000$9,700,000
53$10,692,408$10,178,308$10,027,958$11,310,550
54$11,757,321$10,651,333$10,338,182$12,198,122
55$12,930,045$11,146,725$10,657,989$13,162,383
56$14,221,552$11,665,557$10,987,674$14,213,094
57$15,643,931$12,208,950$11,327,541$15,358,547
58$17,210,503$12,778,080$11,677,905$16,607,853
59$18,935,949$13,374,180$12,039,089$17,971,032
60$20,836,445$13,998,544$12,411,428$19,459,095
61$22,929,815$14,652,526$12,795,264$21,084,151
62$25,235,703$15,337,546$13,190,952$22,859,515
63$27,775,754$16,055,095$13,598,858$24,799,830
64$30,573,819$16,806,733$14,019,357$26,921,200
65$33,656,182$17,594,096$14,452,839$29,241,339
66$37,051,807$18,418,901$14,899,704$31,779,734
67$40,792,611$19,282,947$15,360,363$34,557,823
68$44,913,764$20,188,118$15,835,243$37,599,191
69$49,454,025$21,136,393$16,324,780$40,929,792
70$54,456,102$22,129,843$16,829,427$44,578,184
71$59,967,062$23,170,642$17,349,650$48,575,794
72$66,038,766$24,261,068$17,885,928$52,957,208
73$72,728,370$25,403,510$18,438,755$57,760,495
74$80,098,852$26,600,471$19,008,643$63,027,554
75$88,219,618$27,854,577$19,596,115$68,804,507
76$97,167,149$29,168,580$20,201,714$75,142,125
77$107,025,725$30,545,368$20,825,999$82,096,301
78$117,888,223$31,987,965$21,469,544$89,728,567
79$129,856,991$33,499,544$22,132,943$98,106,669
80$143,044,814$35,083,433$22,816,807$107,305,199
81$157,575,982$36,743,117$23,521,766$117,406,285
82$173,587,457$38,482,255$24,248,471$128,500,362
83$191,230,173$40,304,681$24,997,590$140,687,013
84$210,670,455$42,214,414$25,769,813$154,075,897
85$232,091,592$44,215,671$26,565,852$168,787,779
86$255,695,566$46,312,871$27,386,440$184,955,651
87$281,704,961$48,510,649$28,232,333$202,725,980
88$310,365,060$50,813,863$29,104,309$222,260,079
89$341,946,164$53,227,611$30,003,172$243,735,611
90$376,746,143$55,757,234$30,929,748$267,348,260
91$415,093,246$58,408,335$31,884,891$293,313,556
92$457,349,202$61,186,788$32,869,480$321,868,899
93$503,912,633$64,098,753$33,884,420$353,275,784
94$555,222,819$67,150,690$34,930,646$387,822,251
95$611,763,844$70,349,371$36,009,120$425,825,589
96$674,069,165$73,701,899$37,120,834$467,635,310
97$742,726,649$77,215,721$38,266,811$513,636,431
98$818,384,123$80,898,647$39,448,105$564,253,089
99$901,755,488$84,758,866$40,665,802$619,952,524
100$993,627,463$88,804,966$41,921,021$681,249,466