Can I retire at age 53 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$809,275$802,066$795,033$788,169$781,466$758,273
2 years$400,631$393,170$385,938$378,927$372,127$348,952
3 years$264,434$256,941$249,728$242,782$236,092$213,663
4 years$196,349$188,879$181,738$174,911$168,383$146,870
5 years$155,509$148,083$141,036$134,348$128,002$107,464
6 years$128,291$120,921$113,978$107,440$101,284$81,739
7 years$108,857$101,549$94,716$88,332$82,371$63,819
8 years$94,288$87,047$80,327$74,099$68,335$50,764
9 years$82,963$75,790$69,186$63,116$57,548$40,941
10 years$73,908$66,805$60,318$54,407$49,033$33,367
11 years$66,505$59,472$53,103$47,350$42,170$27,417
12 years$60,339$53,379$47,127$41,533$36,544$22,674
13 years$55,126$48,239$42,105$36,667$31,867$18,850
14 years$50,662$43,848$37,832$32,549$27,934$15,736
15 years$46,797$40,056$34,157$29,028$24,596$13,182
16 years$43,418$36,751$30,968$25,991$21,738$11,074
17 years$40,439$33,846$28,180$23,353$19,274$9,325
18 years$37,795$31,275$25,725$21,046$17,138$7,867
19 years$35,431$28,986$23,550$19,017$15,275$6,648
20 years$33,307$26,935$21,613$17,223$13,644$5,625
21 years$31,388$25,089$19,879$15,631$12,210$4,766
22 years$29,645$23,419$18,322$14,212$10,944$4,041
23 years$28,056$21,904$16,917$12,943$9,824$3,429
24 years$26,602$20,522$15,645$11,805$8,830$2,912
25 years$25,266$19,259$14,491$10,781$7,946$2,475
26 years$24,035$18,101$13,440$9,858$7,157$2,104
27 years$22,897$17,035$12,480$9,023$6,453$1,789
28 years$21,842$16,052$11,602$8,267$5,823$1,522
29 years$20,862$15,143$10,796$7,581$5,258$1,296
30 years$19,949$14,301$10,056$6,958$4,751$1,103
31 years$19,096$13,519$9,375$6,390$4,295$939
32 years$18,298$12,792$8,747$5,872$3,885$800
33 years$17,550$12,114$8,167$5,400$3,516$681
34 years$16,848$11,481$7,631$4,969$3,183$580
35 years$16,187$10,890$7,135$4,574$2,883$494
36 years$15,565$10,336$6,674$4,213$2,612$421
37 years$14,977$9,817$6,247$3,881$2,368$359
38 years$14,422$9,330$5,850$3,577$2,147$306
39 years$13,896$8,872$5,481$3,299$1,947$261
40 years$13,398$8,441$5,137$3,042$1,766$222
41 years$12,926$8,035$4,817$2,807$1,602$189
42 years$12,477$7,652$4,519$2,591$1,454$161
43 years$12,050$7,291$4,240$2,391$1,319$138
44 years$11,644$6,950$3,980$2,208$1,197$117
45 years$11,257$6,627$3,737$2,039$1,087$100
46 years$10,888$6,322$3,510$1,884$987$85
47 years$10,535$6,033$3,298$1,740$896$73
48 years$10,198$5,759$3,099$1,608$814$62
49 years$9,876$5,500$2,913$1,486$739$53
50 years$9,568$5,254$2,738$1,374$671$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $9,800,000, adding $6,844 every year, while hoping to spend $41,813 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: 58/16/26 Blend
52$9,800,000$9,800,000$9,800,000$9,800,000
53$10,806,660$10,287,260$10,135,360$11,356,736
54$11,864,450$10,746,847$10,430,405$12,193,155
55$13,028,734$11,227,552$10,733,934$13,099,668
56$14,310,329$11,730,366$11,046,185$14,087,219
57$15,721,156$12,256,328$11,367,406$15,163,668
58$17,274,349$12,806,523$11,697,849$16,337,662
59$18,984,382$13,382,091$12,037,776$17,618,711
60$20,867,201$13,984,226$12,387,453$19,017,282
61$22,940,380$14,614,177$12,747,157$20,544,890
62$25,223,281$15,273,255$13,117,170$22,214,207
63$27,737,243$15,962,832$13,497,782$24,039,180
64$30,505,776$16,684,345$13,889,293$26,035,157
65$33,554,789$17,439,301$14,292,007$28,219,034
66$36,912,830$18,229,279$14,706,242$30,609,408
67$40,611,358$19,055,933$15,132,320$33,226,750
68$44,685,038$19,920,996$15,570,575$36,093,597
69$49,172,070$20,826,283$16,021,347$39,234,763
70$54,114,548$21,773,698$16,484,989$42,677,566
71$59,558,857$22,765,234$16,961,862$46,452,085
72$65,556,111$23,802,981$17,452,335$50,591,440
73$72,162,637$24,889,129$17,956,790$55,132,103
74$79,440,501$26,025,972$18,475,618$60,114,236
75$87,458,102$27,215,914$19,009,220$65,582,067
76$96,290,810$28,461,476$19,558,011$71,584,305
77$106,021,681$29,765,297$20,122,413$78,174,593
78$116,742,242$31,130,146$20,702,864$85,412,012
79$128,553,350$32,558,922$21,299,809$93,361,634
80$141,566,148$34,054,666$21,913,709$102,095,131
81$155,903,113$35,620,562$22,545,035$111,691,447
82$171,699,210$37,259,949$23,194,274$122,237,537
83$189,103,170$38,976,327$23,861,922$133,829,185
84$208,278,888$40,773,362$24,548,492$146,571,901
85$229,406,977$42,654,899$25,254,509$160,581,910
86$252,686,466$44,624,966$25,980,512$175,987,246
87$278,336,681$46,687,785$26,727,055$192,928,951
88$306,599,319$48,847,783$27,494,707$211,562,404
89$337,740,723$51,109,598$28,284,054$232,058,777
90$372,054,401$53,478,093$29,095,694$254,606,645
91$409,863,794$55,958,363$29,930,243$279,413,761
92$451,525,330$58,555,752$30,788,336$306,709,007
93$497,431,789$61,275,859$31,670,620$336,744,545
94$548,016,009$64,124,554$32,577,764$369,798,194
95$603,754,975$67,107,990$33,510,451$406,176,041
96$665,174,316$70,232,616$34,469,386$446,215,318
97$732,853,275$73,505,193$35,455,289$490,287,583
98$807,430,171$76,932,808$36,468,902$538,802,213
99$889,608,424$80,522,891$37,510,986$592,210,259
100$980,163,200$84,283,230$38,582,321$651,008,692