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%15.9%
1 years$817,533$810,251$803,146$796,211$789,440$770,355
2 years$404,719$397,182$389,877$382,794$375,924$356,811
3 years$267,133$259,563$252,276$245,260$238,501$219,958
4 years$198,353$190,806$183,592$176,696$170,101$152,270
5 years$157,096$149,594$142,475$135,719$129,308$112,239
6 years$129,600$122,155$115,141$108,536$102,317$86,027
7 years$109,968$102,586$95,683$89,233$83,211$67,702
8 years$95,251$87,935$81,147$74,856$69,032$54,297
9 years$83,810$76,563$69,892$63,760$58,135$44,162
10 years$74,662$67,487$60,933$54,962$49,534$36,308
11 years$67,183$60,079$53,644$47,833$42,601$30,103
12 years$60,955$53,924$47,608$41,956$36,917$25,126
13 years$55,689$48,731$42,535$37,041$32,192$21,086
14 years$51,179$44,296$38,218$32,881$28,219$17,773
15 years$47,274$40,465$34,505$29,324$24,847$15,036
16 years$43,861$37,126$31,284$26,257$21,960$12,758
17 years$40,852$34,191$28,467$23,591$19,471$10,853
18 years$38,180$31,594$25,987$21,261$17,313$9,251
19 years$35,793$29,281$23,790$19,211$15,431$7,900
20 years$33,647$27,210$21,833$17,399$13,783$6,757
21 years$31,708$25,345$20,082$15,791$12,335$5,786
22 years$29,947$23,658$18,509$14,357$11,056$4,960
23 years$28,342$22,127$17,090$13,076$9,925$4,256
24 years$26,873$20,732$15,805$11,926$8,920$3,655
25 years$25,524$19,456$14,639$10,891$8,027$3,140
26 years$24,280$18,285$13,577$9,958$7,231$2,700
27 years$23,131$17,209$12,607$9,115$6,519$2,323
28 years$22,065$16,216$11,720$8,351$5,882$1,999
29 years$21,075$15,297$10,906$7,658$5,311$1,721
30 years$20,152$14,447$10,159$7,029$4,799$1,482
31 years$19,291$13,657$9,471$6,455$4,339$1,276
32 years$18,485$12,922$8,836$5,932$3,925$1,100
33 years$17,729$12,238$8,251$5,455$3,552$948
34 years$17,020$11,599$7,709$5,019$3,216$817
35 years$16,352$11,001$7,207$4,621$2,913$704
36 years$15,723$10,442$6,742$4,255$2,639$607
37 years$15,130$9,917$6,311$3,921$2,392$523
38 years$14,569$9,425$5,910$3,614$2,169$451
39 years$14,038$8,962$5,537$3,332$1,966$389
40 years$13,535$8,527$5,190$3,074$1,784$336
41 years$13,058$8,117$4,866$2,836$1,618$290
42 years$12,604$7,730$4,565$2,617$1,468$250
43 years$12,173$7,365$4,283$2,416$1,333$215
44 years$11,763$7,020$4,021$2,231$1,210$186
45 years$11,372$6,695$3,775$2,060$1,098$160
46 years$10,999$6,386$3,546$1,903$997$138
47 years$10,643$6,095$3,331$1,758$905$119
48 years$10,302$5,818$3,130$1,624$822$103
49 years$9,977$5,556$2,942$1,501$747$89
50 years$9,666$5,307$2,766$1,388$678$77

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 $6,621 every year, while hoping to spend $31,909 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: 71/11/18 Blend
52$9,900,000$9,900,000$9,900,000$9,900,000
53$10,916,630$10,391,930$10,238,480$11,644,606
54$11,996,175$10,867,183$10,547,518$12,605,013
55$13,184,764$11,364,655$10,865,839$13,651,699
56$14,493,487$11,885,399$11,193,721$14,796,847
57$15,934,561$12,430,522$11,531,449$16,050,197
58$17,521,451$13,001,183$11,879,318$17,422,472
59$19,268,993$13,598,595$12,237,629$18,925,478
60$21,193,536$14,224,031$12,606,695$20,572,209
61$23,313,094$14,878,826$12,986,836$22,376,976
62$25,647,517$15,564,377$13,378,384$24,355,533
63$28,218,682$16,282,149$13,781,677$26,525,227
64$31,050,691$17,033,678$14,197,068$28,905,160
65$34,170,108$17,820,574$14,624,915$31,516,368
66$37,606,200$18,644,524$15,065,591$34,382,016
67$41,391,222$19,507,295$15,519,478$37,527,615
68$45,560,716$20,410,742$15,986,970$40,981,261
69$50,153,847$21,356,806$16,468,471$44,773,897
70$55,213,775$22,347,525$16,964,400$48,939,605
71$60,788,059$23,385,033$17,475,187$53,515,923
72$66,929,107$24,471,566$18,001,272$58,544,197
73$73,694,674$25,609,471$18,543,113$64,069,970
74$81,148,401$26,801,205$19,101,177$70,143,407
75$89,360,419$28,049,345$19,675,948$76,819,769
76$98,408,012$29,356,593$20,267,922$84,159,927
77$108,376,343$30,725,780$20,877,611$92,230,937
78$119,359,262$32,159,875$21,505,543$101,106,670
79$131,460,187$33,661,990$22,152,259$110,868,502
80$144,793,085$35,235,385$22,818,318$121,606,084
81$159,483,542$36,883,482$23,504,295$133,418,178
82$175,669,956$38,609,865$24,210,781$146,413,594
83$193,504,835$40,418,292$24,938,386$160,712,205
84$213,156,243$42,312,703$25,687,737$176,446,077
85$234,809,383$44,297,229$26,459,479$193,760,716
86$258,668,346$46,376,199$27,254,277$212,816,429
87$284,958,038$48,554,154$28,072,817$233,789,839
88$313,926,302$50,835,852$28,915,801$256,875,544
89$345,846,260$53,226,283$29,783,955$282,287,949
90$381,018,887$55,730,680$30,678,026$310,263,287
91$419,775,855$58,354,525$31,598,781$341,061,842
92$462,482,666$61,103,569$32,547,013$374,970,399
93$509,542,095$63,983,842$33,523,536$412,304,946
94$561,398,001$67,001,663$34,529,187$453,413,652
95$618,539,513$70,163,659$35,564,830$498,680,147
96$681,505,644$73,476,779$36,631,353$548,527,133
97$750,890,386$76,948,308$37,729,669$603,420,373
98$827,348,314$80,585,884$38,860,722$663,873,074
99$911,600,764$84,397,514$40,025,478$730,450,731
100$1,004,442,646$88,391,597$41,224,936$803,776,451