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

Use the below retirement simulation to view the chances of a successful retirement.
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%19%
1 years$817,533$810,251$803,146$796,211$789,440$760,825
2 years$404,719$397,182$389,877$382,794$375,924$347,409
3 years$267,133$259,563$252,276$245,260$238,501$210,983
4 years$198,353$190,806$183,592$176,696$170,101$143,789
5 years$157,096$149,594$142,475$135,719$129,308$104,271
6 years$129,600$122,155$115,141$108,536$102,317$78,574
7 years$109,968$102,586$95,683$89,233$83,211$60,756
8 years$95,251$87,935$81,147$74,856$69,032$47,845
9 years$83,810$76,563$69,892$63,760$58,135$38,187
10 years$74,662$67,487$60,933$54,962$49,534$30,792
11 years$67,183$60,079$53,644$47,833$42,601$25,024
12 years$60,955$53,924$47,608$41,956$36,917$20,463
13 years$55,689$48,731$42,535$37,041$32,192$16,816
14 years$51,179$44,296$38,218$32,881$28,219$13,873
15 years$47,274$40,465$34,505$29,324$24,847$11,482
16 years$43,861$37,126$31,284$26,257$21,960$9,528
17 years$40,852$34,191$28,467$23,591$19,471$7,923
18 years$38,180$31,594$25,987$21,261$17,313$6,601
19 years$35,793$29,281$23,790$19,211$15,431$5,507
20 years$33,647$27,210$21,833$17,399$13,783$4,599
21 years$31,708$25,345$20,082$15,791$12,335$3,846
22 years$29,947$23,658$18,509$14,357$11,056$3,218
23 years$28,342$22,127$17,090$13,076$9,925$2,695
24 years$26,873$20,732$15,805$11,926$8,920$2,258
25 years$25,524$19,456$14,639$10,891$8,027$1,892
26 years$24,280$18,285$13,577$9,958$7,231$1,587
27 years$23,131$17,209$12,607$9,115$6,519$1,331
28 years$22,065$16,216$11,720$8,351$5,882$1,117
29 years$21,075$15,297$10,906$7,658$5,311$938
30 years$20,152$14,447$10,159$7,029$4,799$787
31 years$19,291$13,657$9,471$6,455$4,339$661
32 years$18,485$12,922$8,836$5,932$3,925$555
33 years$17,729$12,238$8,251$5,455$3,552$466
34 years$17,020$11,599$7,709$5,019$3,216$391
35 years$16,352$11,001$7,207$4,621$2,913$329
36 years$15,723$10,442$6,742$4,255$2,639$276
37 years$15,130$9,917$6,311$3,921$2,392$232
38 years$14,569$9,425$5,910$3,614$2,169$195
39 years$14,038$8,962$5,537$3,332$1,966$164
40 years$13,535$8,527$5,190$3,074$1,784$138
41 years$13,058$8,117$4,866$2,836$1,618$116
42 years$12,604$7,730$4,565$2,617$1,468$97
43 years$12,173$7,365$4,283$2,416$1,333$82
44 years$11,763$7,020$4,021$2,231$1,210$69
45 years$11,372$6,695$3,775$2,060$1,098$58
46 years$10,999$6,386$3,546$1,903$997$48
47 years$10,643$6,095$3,331$1,758$905$41
48 years$10,302$5,818$3,130$1,624$822$34
49 years$9,977$5,556$2,942$1,501$747$29
50 years$9,666$5,307$2,766$1,388$678$24

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 $6,971 every year, while hoping to spend $30,110 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: 44/43/13 Blend
52$9,900,000$9,900,000$9,900,000$9,900,000
53$10,916,991$10,392,291$10,238,841$11,356,215
54$11,998,487$10,869,476$10,549,805$12,140,392
55$13,189,287$11,369,034$10,870,177$12,986,238
56$14,500,507$11,892,030$11,200,241$13,902,349
57$15,944,398$12,439,579$11,540,289$14,895,208
58$17,534,458$13,012,850$11,890,620$15,971,929
59$19,285,562$13,613,069$12,251,545$17,140,317
60$21,214,101$14,241,520$12,623,383$18,408,943
61$23,338,134$14,899,550$13,006,462$19,787,216
62$25,677,565$15,588,570$13,401,120$21,285,468
63$28,254,325$16,310,058$13,807,705$22,915,047
64$31,092,580$17,065,565$14,226,578$24,688,418
65$34,218,962$17,856,715$14,658,106$26,619,277
66$37,662,814$18,685,213$15,102,671$28,722,672
67$41,456,476$19,552,843$15,560,665$31,015,141
68$45,635,580$20,461,476$16,032,491$33,514,860
69$50,239,396$21,413,075$16,518,566$36,241,812
70$55,311,193$22,409,694$17,019,317$39,217,962
71$60,898,657$23,453,491$17,535,186$42,467,463
72$67,054,331$24,546,724$18,066,627$46,016,873
73$73,836,122$25,691,762$18,614,107$49,895,400
74$81,307,835$26,891,088$19,178,109$54,135,169
75$89,539,787$28,147,303$19,759,128$58,771,514
76$98,609,462$29,463,138$20,357,676$63,843,306
77$108,602,248$30,841,453$20,974,278$69,393,308
78$119,612,238$32,285,245$21,609,478$75,468,570
79$131,743,123$33,797,659$22,263,832$82,120,863
80$145,109,167$35,381,989$22,937,916$89,407,155
81$159,836,288$37,041,692$23,632,321$97,390,139
82$176,063,243$38,780,389$24,347,658$106,138,812
83$193,942,942$40,601,877$25,084,553$115,729,114
84$213,643,891$42,510,137$25,843,654$126,244,632
85$235,351,777$44,509,343$26,625,626$137,777,376
86$259,271,228$46,603,871$27,431,154$150,428,630
87$285,627,741$48,798,308$28,260,945$164,309,899
88$314,669,810$51,097,464$29,115,726$179,543,939
89$346,671,272$53,506,382$29,996,245$196,265,905
90$381,933,897$56,030,349$30,903,274$214,624,606
91$420,790,226$58,674,908$31,837,606$234,783,893
92$463,606,722$61,445,872$32,800,058$256,924,188
93$510,787,222$64,349,333$33,791,474$281,244,165
94$562,776,749$67,391,681$34,812,719$307,962,606
95$620,065,719$70,579,615$35,864,687$337,320,446
96$683,194,565$73,920,159$36,948,297$369,583,021
97$752,758,841$77,420,677$38,064,495$405,042,554
98$829,414,843$81,088,891$39,214,256$444,020,883
99$913,885,808$84,932,897$40,398,584$486,872,478
100$1,006,968,736$88,961,185$41,618,512$533,987,758