Can I retire at age 53 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$817,533$810,251$803,146$796,211$789,440$774,451
2 years$404,719$397,182$389,877$382,794$375,924$360,881
3 years$267,133$259,563$252,276$245,260$238,501$223,874
4 years$198,353$190,806$183,592$176,696$170,101$156,002
5 years$157,096$149,594$142,475$135,719$129,308$115,777
6 years$129,600$122,155$115,141$108,536$102,317$89,369
7 years$109,968$102,586$95,683$89,233$83,211$70,849
8 years$95,251$87,935$81,147$74,856$69,032$57,253
9 years$83,810$76,563$69,892$63,760$58,135$46,931
10 years$74,662$67,487$60,933$54,962$49,534$38,895
11 years$67,183$60,079$53,644$47,833$42,601$32,515
12 years$60,955$53,924$47,608$41,956$36,917$27,370
13 years$55,689$48,731$42,535$37,041$32,192$23,169
14 years$51,179$44,296$38,218$32,881$28,219$19,703
15 years$47,274$40,465$34,505$29,324$24,847$16,819
16 years$43,861$37,126$31,284$26,257$21,960$14,403
17 years$40,852$34,191$28,467$23,591$19,471$12,368
18 years$38,180$31,594$25,987$21,261$17,313$10,644
19 years$35,793$29,281$23,790$19,211$15,431$9,178
20 years$33,647$27,210$21,833$17,399$13,783$7,926
21 years$31,708$25,345$20,082$15,791$12,335$6,855
22 years$29,947$23,658$18,509$14,357$11,056$5,936
23 years$28,342$22,127$17,090$13,076$9,925$5,146
24 years$26,873$20,732$15,805$11,926$8,920$4,464
25 years$25,524$19,456$14,639$10,891$8,027$3,876
26 years$24,280$18,285$13,577$9,958$7,231$3,367
27 years$23,131$17,209$12,607$9,115$6,519$2,927
28 years$22,065$16,216$11,720$8,351$5,882$2,546
29 years$21,075$15,297$10,906$7,658$5,311$2,215
30 years$20,152$14,447$10,159$7,029$4,799$1,928
31 years$19,291$13,657$9,471$6,455$4,339$1,679
32 years$18,485$12,922$8,836$5,932$3,925$1,462
33 years$17,729$12,238$8,251$5,455$3,552$1,274
34 years$17,020$11,599$7,709$5,019$3,216$1,110
35 years$16,352$11,001$7,207$4,621$2,913$967
36 years$15,723$10,442$6,742$4,255$2,639$843
37 years$15,130$9,917$6,311$3,921$2,392$735
38 years$14,569$9,425$5,910$3,614$2,169$641
39 years$14,038$8,962$5,537$3,332$1,966$559
40 years$13,535$8,527$5,190$3,074$1,784$487
41 years$13,058$8,117$4,866$2,836$1,618$425
42 years$12,604$7,730$4,565$2,617$1,468$371
43 years$12,173$7,365$4,283$2,416$1,333$323
44 years$11,763$7,020$4,021$2,231$1,210$282
45 years$11,372$6,695$3,775$2,060$1,098$246
46 years$10,999$6,386$3,546$1,903$997$215
47 years$10,643$6,095$3,331$1,758$905$187
48 years$10,302$5,818$3,130$1,624$822$163
49 years$9,977$5,556$2,942$1,501$747$143
50 years$9,666$5,307$2,766$1,388$678$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $9,900,000, adding $2,001 every year, while hoping to spend $28,831 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: 49/24/27 Blend
52$9,900,000$9,900,000$9,900,000$9,900,000
53$10,911,864$10,387,164$10,233,714$11,362,781
54$11,994,198$10,865,459$10,545,867$12,157,058
55$13,185,964$11,366,224$10,867,512$13,016,482
56$14,498,294$11,890,530$11,198,934$13,949,665
57$15,943,452$12,439,499$11,540,432$14,963,597
58$17,534,957$13,014,307$11,892,308$16,065,955
59$19,287,701$13,616,187$12,254,879$17,265,182
60$21,218,096$14,246,430$12,628,468$18,570,555
61$23,344,228$14,906,391$13,013,408$19,992,274
62$25,686,025$15,597,490$13,410,042$21,541,552
63$28,265,447$16,321,214$13,818,726$23,230,722
64$31,106,692$17,079,123$14,239,823$25,073,344
65$34,236,427$17,872,852$14,673,709$27,084,335
66$37,684,036$18,704,115$15,120,771$29,280,100
67$41,481,898$19,574,708$15,581,408$31,678,688
68$45,665,697$20,486,513$16,056,030$34,299,954
69$50,274,751$21,441,505$16,545,060$37,165,747
70$55,352,390$22,441,754$17,048,934$40,300,106
71$60,946,361$23,489,427$17,568,101$43,729,484
72$67,109,280$24,586,799$18,103,022$47,482,994
73$73,899,128$25,736,253$18,654,175$51,592,679
74$81,379,799$26,940,289$19,222,050$56,093,805
75$89,621,701$28,201,526$19,807,151$61,025,194
76$98,702,424$29,522,711$20,410,000$66,429,577
77$108,707,469$30,906,721$21,031,133$72,353,999
78$119,731,056$32,356,576$21,671,101$78,850,251
79$131,877,016$33,875,440$22,330,475$85,975,354
80$145,259,765$35,466,630$23,009,839$93,792,091
81$160,005,390$37,133,624$23,709,798$102,369,589
82$176,252,837$38,880,068$24,430,973$111,783,968
83$194,155,220$40,709,786$25,174,005$122,119,049
84$213,881,271$42,626,784$25,939,552$133,467,136
85$235,616,929$44,635,265$26,728,296$145,929,880
86$259,567,097$46,739,634$27,540,935$159,619,230
87$285,957,576$48,944,511$28,378,191$174,658,477
88$315,037,194$51,254,737$29,240,806$191,183,410
89$347,080,159$53,675,391$30,129,545$209,343,589
90$382,388,646$56,211,796$31,045,195$229,303,741
91$421,295,647$58,869,533$31,988,568$251,245,308
92$464,168,119$61,654,455$32,960,500$275,368,145
93$511,410,442$64,572,699$33,961,852$301,892,397
94$563,468,243$67,630,697$34,993,511$331,060,558
95$620,832,599$70,835,196$36,056,388$363,139,755
96$684,044,673$74,193,270$37,151,426$398,424,248
97$753,700,824$77,712,334$38,279,593$437,238,197
98$830,458,235$81,400,166$39,441,887$479,938,704
99$915,041,120$85,264,919$40,639,335$526,919,170
100$1,008,247,558$89,315,144$41,872,996$578,612,990