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

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$809,275$802,066$795,033$788,169$781,466$753,140
2 years$400,631$393,170$385,938$378,927$372,127$343,899
3 years$264,434$256,941$249,728$242,782$236,092$208,852
4 years$196,349$188,879$181,738$174,911$168,383$142,337
5 years$155,509$148,083$141,036$134,348$128,002$103,218
6 years$128,291$120,921$113,978$107,440$101,284$77,780
7 years$108,857$101,549$94,716$88,332$82,371$60,142
8 years$94,288$87,047$80,327$74,099$68,335$47,361
9 years$82,963$75,790$69,186$63,116$57,548$37,802
10 years$73,908$66,805$60,318$54,407$49,033$30,481
11 years$66,505$59,472$53,103$47,350$42,170$24,771
12 years$60,339$53,379$47,127$41,533$36,544$20,256
13 years$55,126$48,239$42,105$36,667$31,867$16,646
14 years$50,662$43,848$37,832$32,549$27,934$13,733
15 years$46,797$40,056$34,157$29,028$24,596$11,366
16 years$43,418$36,751$30,968$25,991$21,738$9,432
17 years$40,439$33,846$28,180$23,353$19,274$7,843
18 years$37,795$31,275$25,725$21,046$17,138$6,534
19 years$35,431$28,986$23,550$19,017$15,275$5,451
20 years$33,307$26,935$21,613$17,223$13,644$4,553
21 years$31,388$25,089$19,879$15,631$12,210$3,807
22 years$29,645$23,419$18,322$14,212$10,944$3,185
23 years$28,056$21,904$16,917$12,943$9,824$2,667
24 years$26,602$20,522$15,645$11,805$8,830$2,235
25 years$25,266$19,259$14,491$10,781$7,946$1,873
26 years$24,035$18,101$13,440$9,858$7,157$1,571
27 years$22,897$17,035$12,480$9,023$6,453$1,318
28 years$21,842$16,052$11,602$8,267$5,823$1,106
29 years$20,862$15,143$10,796$7,581$5,258$928
30 years$19,949$14,301$10,056$6,958$4,751$779
31 years$19,096$13,519$9,375$6,390$4,295$654
32 years$18,298$12,792$8,747$5,872$3,885$549
33 years$17,550$12,114$8,167$5,400$3,516$461
34 years$16,848$11,481$7,631$4,969$3,183$387
35 years$16,187$10,890$7,135$4,574$2,883$325
36 years$15,565$10,336$6,674$4,213$2,612$273
37 years$14,977$9,817$6,247$3,881$2,368$230
38 years$14,422$9,330$5,850$3,577$2,147$193
39 years$13,896$8,872$5,481$3,299$1,947$162
40 years$13,398$8,441$5,137$3,042$1,766$136
41 years$12,926$8,035$4,817$2,807$1,602$114
42 years$12,477$7,652$4,519$2,591$1,454$96
43 years$12,050$7,291$4,240$2,391$1,319$81
44 years$11,644$6,950$3,980$2,208$1,197$68
45 years$11,257$6,627$3,737$2,039$1,087$57
46 years$10,888$6,322$3,510$1,884$987$48
47 years$10,535$6,033$3,298$1,740$896$40
48 years$10,198$5,759$3,099$1,608$814$34
49 years$9,876$5,500$2,913$1,486$739$28
50 years$9,568$5,254$2,738$1,374$671$24

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 $4,664 every year, while hoping to spend $20,636 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: 55/22/23 Blend
52$9,800,000$9,800,000$9,800,000$9,800,000
53$10,804,411$10,285,011$10,133,111$11,330,461
54$11,884,504$10,767,020$10,450,614$12,173,812
55$13,074,076$11,271,956$10,778,061$13,089,227
56$14,384,270$11,800,920$11,115,764$14,085,737
57$15,827,368$12,355,068$11,464,045$15,171,128
58$17,416,903$12,935,609$11,823,234$16,353,960
59$19,167,787$13,543,815$12,193,673$17,643,647
60$21,096,454$14,181,014$12,575,714$19,050,538
61$23,221,012$14,848,604$12,969,720$20,586,018
62$25,561,416$15,548,046$13,376,066$22,262,609
63$28,139,654$16,280,874$13,795,138$24,094,083
64$30,979,959$17,048,697$14,227,335$26,095,593
65$34,109,031$17,853,199$14,673,067$28,283,810
66$37,556,296$18,696,150$15,132,759$30,677,077
67$41,354,179$19,579,401$15,606,846$33,295,578
68$45,538,410$20,504,897$16,095,781$36,161,526
69$50,148,365$21,474,675$16,600,027$39,299,367
70$55,227,435$22,490,870$17,120,064$42,736,006
71$60,823,433$23,555,723$17,656,386$46,501,059
72$66,989,052$24,671,582$18,209,504$50,627,124
73$73,782,355$25,840,909$18,779,942$55,150,088
74$81,267,328$27,066,286$19,368,243$60,109,458
75$89,514,482$28,350,421$19,974,966$65,548,728
76$98,601,520$29,696,152$20,600,687$71,515,785
77$108,614,067$31,106,455$21,246,002$78,063,357
78$119,646,482$32,584,452$21,911,524$85,249,499
79$131,802,748$34,133,415$22,597,884$93,138,141
80$145,197,451$35,756,775$23,305,736$101,799,681
81$159,956,865$37,458,130$24,035,752$111,311,645
82$176,220,141$39,241,255$24,788,626$121,759,407
83$194,140,622$41,110,104$25,565,072$133,236,992
84$213,887,293$43,068,826$26,365,830$145,847,954
85$235,646,371$45,121,773$27,191,659$159,706,345
86$259,623,066$47,273,504$28,043,344$174,937,781
87$286,043,518$49,528,805$28,921,695$191,680,622
88$315,156,931$51,892,691$29,827,546$210,087,268
89$347,237,926$54,370,421$30,761,758$230,325,586
90$382,589,136$56,967,513$31,725,218$252,580,483
91$421,544,057$59,689,750$32,718,841$277,055,645
92$464,470,200$62,543,198$33,743,573$303,975,445
93$511,772,563$65,534,217$34,800,385$333,587,052
94$563,897,449$68,669,477$35,890,281$366,162,747
95$621,336,681$71,955,974$37,014,299$402,002,486
96$684,632,248$75,401,043$38,173,503$441,436,716
97$754,381,419$79,012,376$39,368,997$484,829,476
98$831,242,381$82,798,039$40,601,916$532,581,827
99$915,940,454$86,766,493$41,873,430$585,135,616
100$1,009,274,938$90,926,609$43,184,747$642,977,633