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%13.3%
1 years$817,533$810,251$803,146$796,211$789,440$778,607
2 years$404,719$397,182$389,877$382,794$375,924$365,029
3 years$267,133$259,563$252,276$245,260$238,501$227,884
4 years$198,353$190,806$183,592$176,696$170,101$159,842
5 years$157,096$149,594$142,475$135,719$129,308$119,437
6 years$129,600$122,155$115,141$108,536$102,317$92,846
7 years$109,968$102,586$95,683$89,233$83,211$74,144
8 years$95,251$87,935$81,147$74,856$69,032$60,367
9 years$83,810$76,563$69,892$63,760$58,135$49,868
10 years$74,662$67,487$60,933$54,962$49,534$41,659
11 years$67,183$60,079$53,644$47,833$42,601$35,111
12 years$60,955$53,924$47,608$41,956$36,917$29,803
13 years$55,689$48,731$42,535$37,041$32,192$25,445
14 years$51,179$44,296$38,218$32,881$28,219$21,828
15 years$47,274$40,465$34,505$29,324$24,847$18,801
16 years$43,861$37,126$31,284$26,257$21,960$16,247
17 years$40,852$34,191$28,467$23,591$19,471$14,081
18 years$38,180$31,594$25,987$21,261$17,313$12,233
19 years$35,793$29,281$23,790$19,211$15,431$10,649
20 years$33,647$27,210$21,833$17,399$13,783$9,287
21 years$31,708$25,345$20,082$15,791$12,335$8,111
22 years$29,947$23,658$18,509$14,357$11,056$7,094
23 years$28,342$22,127$17,090$13,076$9,925$6,211
24 years$26,873$20,732$15,805$11,926$8,920$5,444
25 years$25,524$19,456$14,639$10,891$8,027$4,775
26 years$24,280$18,285$13,577$9,958$7,231$4,192
27 years$23,131$17,209$12,607$9,115$6,519$3,682
28 years$22,065$16,216$11,720$8,351$5,882$3,237
29 years$21,075$15,297$10,906$7,658$5,311$2,846
30 years$20,152$14,447$10,159$7,029$4,799$2,504
31 years$19,291$13,657$9,471$6,455$4,339$2,204
32 years$18,485$12,922$8,836$5,932$3,925$1,940
33 years$17,729$12,238$8,251$5,455$3,552$1,709
34 years$17,020$11,599$7,709$5,019$3,216$1,505
35 years$16,352$11,001$7,207$4,621$2,913$1,326
36 years$15,723$10,442$6,742$4,255$2,639$1,169
37 years$15,130$9,917$6,311$3,921$2,392$1,030
38 years$14,569$9,425$5,910$3,614$2,169$908
39 years$14,038$8,962$5,537$3,332$1,966$801
40 years$13,535$8,527$5,190$3,074$1,784$706
41 years$13,058$8,117$4,866$2,836$1,618$623
42 years$12,604$7,730$4,565$2,617$1,468$549
43 years$12,173$7,365$4,283$2,416$1,333$485
44 years$11,763$7,020$4,021$2,231$1,210$427
45 years$11,372$6,695$3,775$2,060$1,098$377
46 years$10,999$6,386$3,546$1,903$997$333
47 years$10,643$6,095$3,331$1,758$905$293
48 years$10,302$5,818$3,130$1,624$822$259
49 years$9,977$5,556$2,942$1,501$747$228
50 years$9,666$5,307$2,766$1,388$678$202

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 $5,796 every year, while hoping to spend $57,155 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: 70/12/18 Blend
52$9,900,000$9,900,000$9,900,000$9,900,000
53$10,915,779$10,391,079$10,237,629$11,632,469
54$11,968,376$10,839,429$10,519,777$12,558,933
55$13,126,422$11,307,833$10,809,461$13,565,262
56$14,400,613$11,797,213$11,106,874$14,665,268
57$15,802,733$12,308,534$11,412,212$15,868,201
58$17,345,767$12,842,808$11,725,677$17,184,241
59$19,044,022$13,401,092$12,047,474$18,624,596
60$20,913,263$13,984,495$12,377,814$20,201,606
61$22,970,858$14,594,178$12,716,913$21,928,857
62$25,235,948$15,231,355$13,064,992$23,821,307
63$27,729,622$15,897,299$13,422,277$25,895,426
64$30,475,119$16,593,342$13,788,998$28,169,352
65$33,498,044$17,320,879$14,165,393$30,663,057
66$36,826,613$18,081,370$14,551,702$33,398,536
67$40,491,916$18,876,347$14,948,173$36,400,010
68$44,528,214$19,707,410$15,355,060$39,694,156
69$48,973,257$20,576,239$15,772,619$43,310,355
70$53,868,645$21,484,589$16,201,117$47,280,968
71$59,260,215$22,434,303$16,640,823$51,641,636
72$65,198,480$23,427,307$17,092,014$56,431,618
73$71,739,100$24,465,620$17,554,972$61,694,158
74$78,943,411$25,551,358$18,029,985$67,476,891
75$86,878,999$26,686,734$18,517,350$73,832,286
76$95,620,343$27,874,070$19,017,367$80,818,145
77$105,249,514$29,115,796$19,530,345$88,498,141
78$115,856,951$30,414,457$20,056,599$96,942,418
79$127,542,315$31,772,720$20,596,449$106,228,250
80$140,415,426$33,193,378$21,150,226$116,440,766
81$154,597,304$34,679,358$21,718,263$127,673,751
82$170,221,308$36,233,726$22,300,904$140,030,529
83$187,434,396$37,859,693$22,898,498$153,624,932
84$206,398,510$39,560,623$23,511,403$168,582,374
85$227,292,106$41,340,041$24,139,983$185,041,026
86$250,311,838$43,201,641$24,784,610$203,153,124
87$275,674,416$45,149,292$25,445,665$223,086,393
88$303,618,646$47,187,046$26,123,534$245,025,632
89$334,407,688$49,319,152$26,818,613$269,174,453
90$368,331,541$51,550,059$27,531,305$295,757,194
91$405,709,776$53,884,431$28,262,022$325,021,038
92$446,894,557$56,327,151$29,011,183$357,238,337
93$492,273,960$58,883,340$29,779,216$392,709,177
94$542,275,641$61,558,361$30,566,557$431,764,210
95$597,370,871$64,357,835$31,373,651$474,767,763
96$658,078,982$67,287,651$32,200,951$522,121,277
97$724,972,273$70,353,981$33,048,918$574,267,086
98$798,681,411$73,563,292$33,918,022$631,692,588
99$879,901,383$76,922,361$34,808,744$694,934,840
100$969,398,058$80,438,291$35,721,571$764,585,617