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%12%
1 years$809,275$802,066$795,033$788,169$781,466$774,918
2 years$400,631$393,170$385,938$378,927$372,127$365,527
3 years$264,434$256,941$249,728$242,782$236,092$229,646
4 years$196,349$188,879$181,738$174,911$168,383$162,140
5 years$155,509$148,083$141,036$134,348$128,002$121,980
6 years$128,291$120,921$113,978$107,440$101,284$95,490
7 years$108,857$101,549$94,716$88,332$82,371$76,808
8 years$94,288$87,047$80,327$74,099$68,335$63,003
9 years$82,963$75,790$69,186$63,116$57,548$52,446
10 years$73,908$66,805$60,318$54,407$49,033$44,158
11 years$66,505$59,472$53,103$47,350$42,170$37,518
12 years$60,339$53,379$47,127$41,533$36,544$32,110
13 years$55,126$48,239$42,105$36,667$31,867$27,647
14 years$50,662$43,848$37,832$32,549$27,934$23,923
15 years$46,797$40,056$34,157$29,028$24,596$20,787
16 years$43,418$36,751$30,968$25,991$21,738$18,125
17 years$40,439$33,846$28,180$23,353$19,274$15,852
18 years$37,795$31,275$25,725$21,046$17,138$13,900
19 years$35,431$28,986$23,550$19,017$15,275$12,215
20 years$33,307$26,935$21,613$17,223$13,644$10,755
21 years$31,388$25,089$19,879$15,631$12,210$9,485
22 years$29,645$23,419$18,322$14,212$10,944$8,377
23 years$28,056$21,904$16,917$12,943$9,824$7,408
24 years$26,602$20,522$15,645$11,805$8,830$6,558
25 years$25,266$19,259$14,491$10,781$7,946$5,812
26 years$24,035$18,101$13,440$9,858$7,157$5,155
27 years$22,897$17,035$12,480$9,023$6,453$4,575
28 years$21,842$16,052$11,602$8,267$5,823$4,064
29 years$20,862$15,143$10,796$7,581$5,258$3,611
30 years$19,949$14,301$10,056$6,958$4,751$3,211
31 years$19,096$13,519$9,375$6,390$4,295$2,856
32 years$18,298$12,792$8,747$5,872$3,885$2,542
33 years$17,550$12,114$8,167$5,400$3,516$2,263
34 years$16,848$11,481$7,631$4,969$3,183$2,015
35 years$16,187$10,890$7,135$4,574$2,883$1,795
36 years$15,565$10,336$6,674$4,213$2,612$1,600
37 years$14,977$9,817$6,247$3,881$2,368$1,426
38 years$14,422$9,330$5,850$3,577$2,147$1,271
39 years$13,896$8,872$5,481$3,299$1,947$1,133
40 years$13,398$8,441$5,137$3,042$1,766$1,010
41 years$12,926$8,035$4,817$2,807$1,602$901
42 years$12,477$7,652$4,519$2,591$1,454$804
43 years$12,050$7,291$4,240$2,391$1,319$717
44 years$11,644$6,950$3,980$2,208$1,197$639
45 years$11,257$6,627$3,737$2,039$1,087$571
46 years$10,888$6,322$3,510$1,884$987$509
47 years$10,535$6,033$3,298$1,740$896$454
48 years$10,198$5,759$3,099$1,608$814$405
49 years$9,876$5,500$2,913$1,486$739$362
50 years$9,568$5,254$2,738$1,374$671$323

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 $4,402 every year, while hoping to spend $33,179 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: 83/10/7 Blend
52$9,800,000$9,800,000$9,800,000$9,800,000
53$10,804,141$10,284,741$10,132,841$11,693,628
54$11,870,861$10,753,391$10,436,989$12,744,141
55$13,045,274$11,243,893$10,750,214$13,892,546
56$14,338,331$11,757,282$11,072,784$15,152,549
57$15,762,096$12,294,645$11,404,978$16,535,321
58$17,329,865$12,857,117$11,747,080$18,053,162
59$19,056,288$13,445,892$12,099,384$19,719,617
60$20,957,507$14,062,219$12,462,191$21,549,605
61$23,051,311$14,707,405$12,835,812$23,559,557
62$25,357,301$15,382,825$13,220,568$25,767,567
63$27,897,077$16,089,915$13,616,789$28,193,568
64$30,694,440$16,830,182$14,024,813$30,859,512
65$33,775,618$17,605,206$14,444,989$33,789,579
66$37,169,512$18,416,642$14,877,677$37,010,404
67$40,907,970$19,266,225$15,323,246$40,551,326
68$45,026,086$20,155,773$15,782,078$44,444,663
69$49,562,533$21,087,192$16,254,564$48,726,016
70$54,559,927$22,062,480$16,741,108$53,434,602
71$60,065,229$23,083,731$17,242,125$58,613,625
72$66,130,188$24,153,139$17,758,041$64,310,678
73$72,811,829$25,273,005$18,289,297$70,578,194
74$80,172,993$26,445,740$18,836,346$77,473,936
75$88,282,928$27,673,870$19,399,653$85,061,543
76$97,217,943$28,960,047$19,979,698$93,411,123
77$107,062,130$30,307,046$20,576,975$102,599,919
78$117,908,155$31,717,778$21,191,991$112,713,032
79$129,858,133$33,195,296$21,825,269$123,844,220
80$143,024,594$34,742,797$22,477,347$136,096,785
81$157,531,544$36,363,635$23,148,779$149,584,541
82$173,515,633$38,061,325$23,840,136$164,432,889
83$191,127,450$39,839,552$24,552,002$180,779,992
84$210,532,938$41,702,179$25,284,983$198,778,085
85$231,914,967$43,653,255$26,039,699$218,594,898
86$255,475,054$45,697,025$26,816,789$240,415,244
87$281,435,270$47,837,939$27,616,912$264,442,758
88$310,040,333$50,080,664$28,440,744$290,901,812
89$341,559,921$52,430,091$29,288,983$320,039,632
90$376,291,215$54,891,346$30,162,345$352,128,629
91$414,561,703$57,469,807$31,061,569$387,468,961
92$456,732,279$60,171,110$31,987,413$426,391,368
93$503,200,640$63,001,162$32,940,660$469,260,286
94$554,405,045$65,966,160$33,922,112$516,477,282
95$610,828,456$69,072,597$34,932,599$568,484,841
96$673,003,088$72,327,284$35,972,971$625,770,537
97$741,515,442$75,737,360$37,044,104$688,871,631
98$817,011,836$79,310,310$38,146,901$758,380,135
99$900,204,510$83,053,981$39,282,288$834,948,396
100$991,878,347$86,976,603$40,451,222$919,295,250