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%15.5%
1 years$809,275$802,066$795,033$788,169$781,466$763,815
2 years$400,631$393,170$385,938$378,927$372,127$354,439
3 years$264,434$256,941$249,728$242,782$236,092$218,919
4 years$196,349$188,879$181,738$174,911$168,383$151,857
5 years$155,509$148,083$141,036$134,348$128,002$112,170
6 years$128,291$120,921$113,978$107,440$101,284$86,162
7 years$108,857$101,549$94,716$88,332$82,371$67,961
8 years$94,288$87,047$80,327$74,099$68,335$54,632
9 years$82,963$75,790$69,186$63,116$57,548$44,542
10 years$73,908$66,805$60,318$54,407$49,033$36,711
11 years$66,505$59,472$53,103$47,350$42,170$30,515
12 years$60,339$53,379$47,127$41,533$36,544$25,536
13 years$55,126$48,239$42,105$36,667$31,867$21,488
14 years$50,662$43,848$37,832$32,549$27,934$18,162
15 years$46,797$40,056$34,157$29,028$24,596$15,407
16 years$43,418$36,751$30,968$25,991$21,738$13,111
17 years$40,439$33,846$28,180$23,353$19,274$11,185
18 years$37,795$31,275$25,725$21,046$17,138$9,563
19 years$35,431$28,986$23,550$19,017$15,275$8,191
20 years$33,307$26,935$21,613$17,223$13,644$7,026
21 years$31,388$25,089$19,879$15,631$12,210$6,035
22 years$29,645$23,419$18,322$14,212$10,944$5,190
23 years$28,056$21,904$16,917$12,943$9,824$4,467
24 years$26,602$20,522$15,645$11,805$8,830$3,848
25 years$25,266$19,259$14,491$10,781$7,946$3,317
26 years$24,035$18,101$13,440$9,858$7,157$2,861
27 years$22,897$17,035$12,480$9,023$6,453$2,469
28 years$21,842$16,052$11,602$8,267$5,823$2,132
29 years$20,862$15,143$10,796$7,581$5,258$1,841
30 years$19,949$14,301$10,056$6,958$4,751$1,591
31 years$19,096$13,519$9,375$6,390$4,295$1,375
32 years$18,298$12,792$8,747$5,872$3,885$1,189
33 years$17,550$12,114$8,167$5,400$3,516$1,028
34 years$16,848$11,481$7,631$4,969$3,183$889
35 years$16,187$10,890$7,135$4,574$2,883$769
36 years$15,565$10,336$6,674$4,213$2,612$665
37 years$14,977$9,817$6,247$3,881$2,368$575
38 years$14,422$9,330$5,850$3,577$2,147$498
39 years$13,896$8,872$5,481$3,299$1,947$431
40 years$13,398$8,441$5,137$3,042$1,766$373
41 years$12,926$8,035$4,817$2,807$1,602$323
42 years$12,477$7,652$4,519$2,591$1,454$279
43 years$12,050$7,291$4,240$2,391$1,319$242
44 years$11,644$6,950$3,980$2,208$1,197$209
45 years$11,257$6,627$3,737$2,039$1,087$181
46 years$10,888$6,322$3,510$1,884$987$157
47 years$10,535$6,033$3,298$1,740$896$136
48 years$10,198$5,759$3,099$1,608$814$117
49 years$9,876$5,500$2,913$1,486$739$102
50 years$9,568$5,254$2,738$1,374$671$88

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 $4,027 every year, while hoping to spend $33,035 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: 78/6/16 Blend
52$9,800,000$9,800,000$9,800,000$9,800,000
53$10,803,754$10,284,354$10,132,454$11,608,910
54$11,870,588$10,753,138$10,436,742$12,609,193
55$13,045,132$11,243,786$10,750,117$13,701,582
56$14,338,337$11,757,333$11,072,847$14,898,959
57$15,762,271$12,294,866$11,405,212$16,211,811
58$17,330,231$12,857,523$11,747,495$17,651,688
59$19,056,870$13,446,497$12,099,991$19,231,306
60$20,958,333$14,063,037$12,463,003$20,964,674
61$23,052,411$14,708,455$12,836,842$22,867,218
62$25,358,710$15,384,122$13,221,829$24,955,929
63$27,898,832$16,091,478$13,618,294$27,249,521
64$30,696,583$16,832,031$14,026,577$29,768,609
65$33,778,195$17,607,361$14,447,028$32,535,897
66$37,172,574$18,419,124$14,880,007$35,576,396
67$40,911,574$19,269,058$15,325,884$38,917,657
68$45,030,294$20,158,982$15,785,041$42,590,027
69$49,567,414$21,090,802$16,257,870$46,626,941
70$54,565,558$22,066,519$16,744,776$51,065,226
71$60,071,694$23,088,228$17,246,175$55,945,458
72$66,137,580$24,158,124$17,762,495$61,312,334
73$72,820,251$25,278,510$18,294,177$67,215,096
74$80,182,559$26,451,799$18,841,674$73,707,998
75$88,293,763$27,680,521$19,405,453$80,850,808
76$97,230,187$28,967,326$19,985,996$88,709,377
77$107,075,935$30,314,994$20,583,796$97,356,255
78$117,923,691$31,726,439$21,199,363$106,871,377
79$129,875,586$33,204,713$21,833,220$117,342,810
80$143,044,171$34,753,019$22,485,908$128,867,589
81$157,553,471$36,374,712$23,157,981$141,552,625
82$173,540,163$38,073,310$23,850,011$155,515,714
83$191,154,858$39,852,501$24,562,585$170,886,646
84$210,563,530$41,716,151$25,296,309$187,808,431
85$231,949,080$43,668,312$26,051,805$206,438,638
86$255,513,060$45,713,233$26,829,714$226,950,890
87$281,477,579$47,855,368$27,630,696$249,536,490
88$310,087,398$50,099,387$28,455,430$274,406,233
89$341,612,240$52,450,184$29,304,614$301,792,386
90$376,349,338$54,912,893$30,178,968$331,950,880
91$414,626,238$57,492,892$31,079,231$365,163,722
92$456,803,893$60,195,823$32,006,165$401,741,655
93$503,280,072$63,027,600$32,960,553$442,027,085
94$554,493,110$65,994,423$33,943,202$486,397,312
95$610,926,050$69,102,792$34,954,942$535,268,088
96$673,111,200$72,359,522$35,996,626$589,097,534
97$741,635,163$75,771,759$37,069,133$648,390,466
98$817,144,368$79,346,994$38,173,368$713,703,149
99$900,351,179$83,093,082$39,310,261$785,648,551
100$992,040,614$87,018,258$40,480,769$864,902,120