Can I retire at age 53 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$594,569$589,273$584,106$579,063$574,138$554,872
2 years$294,341$288,859$283,547$278,396$273,399$254,178
3 years$194,278$188,773$183,473$178,371$173,456$154,884
4 years$144,257$138,768$133,522$128,506$123,710$105,930
5 years$114,251$108,796$103,618$98,705$94,042$77,101
6 years$94,255$88,840$83,739$78,935$74,413$58,324
7 years$79,977$74,608$69,587$64,897$60,517$45,279
8 years$69,273$63,953$59,016$54,440$50,205$35,805
9 years$60,953$55,682$50,830$46,371$42,280$28,700
10 years$54,300$49,081$44,315$39,972$36,025$23,244
11 years$48,860$43,694$39,014$34,788$30,982$18,977
12 years$44,331$39,217$34,624$30,514$26,849$15,590
13 years$40,501$35,441$30,934$26,939$23,413$12,873
14 years$37,221$32,215$27,795$23,913$20,523$10,672
15 years$34,381$29,429$25,095$21,327$18,070$8,877
16 years$31,899$27,000$22,752$19,096$15,971$7,404
17 years$29,711$24,866$20,704$17,157$14,161$6,189
18 years$27,768$22,978$18,900$15,462$12,591$5,182
19 years$26,031$21,296$17,302$13,971$11,223$4,346
20 years$24,471$19,789$15,879$12,654$10,024$3,650
21 years$23,060$18,433$14,605$11,484$8,971$3,068
22 years$21,780$17,206$13,461$10,442$8,041$2,582
23 years$20,613$16,092$12,429$9,509$7,218$2,174
24 years$19,544$15,078$11,495$8,673$6,488$1,831
25 years$18,563$14,150$10,646$7,921$5,838$1,544
26 years$17,658$13,298$9,874$7,242$5,259$1,302
27 years$16,822$12,515$9,169$6,629$4,741$1,098
28 years$16,047$11,793$8,524$6,074$4,278$927
29 years$15,327$11,125$7,932$5,570$3,863$782
30 years$14,656$10,507$7,388$5,112$3,490$661
31 years$14,030$9,932$6,888$4,695$3,156$558
32 years$13,444$9,398$6,427$4,314$2,854$471
33 years$12,894$8,900$6,000$3,968$2,583$398
34 years$12,378$8,435$5,606$3,650$2,339$336
35 years$11,893$8,001$5,242$3,360$2,118$284
36 years$11,435$7,594$4,903$3,095$1,919$240
37 years$11,004$7,212$4,590$2,852$1,740$203
38 years$10,596$6,854$4,298$2,628$1,577$171
39 years$10,209$6,518$4,027$2,423$1,430$145
40 years$9,844$6,201$3,774$2,235$1,297$122
41 years$9,496$5,903$3,539$2,062$1,177$103
42 years$9,167$5,622$3,320$1,903$1,068$87
43 years$8,853$5,356$3,115$1,757$969$74
44 years$8,555$5,106$2,924$1,622$880$62
45 years$8,270$4,869$2,746$1,498$799$53
46 years$7,999$4,645$2,579$1,384$725$45
47 years$7,740$4,432$2,423$1,279$658$38
48 years$7,493$4,231$2,277$1,181$598$32
49 years$7,256$4,041$2,140$1,092$543$27
50 years$7,030$3,860$2,012$1,009$493$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,200,000, adding $4,742 every year, while hoping to spend $23,336 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: 79/14/7 Blend
52$7,200,000$7,200,000$7,200,000$7,200,000
53$7,939,291$7,557,691$7,446,091$8,559,959
54$8,724,270$7,903,189$7,670,706$9,313,004
55$9,588,534$8,264,834$7,902,063$10,135,334
56$10,540,146$8,643,392$8,140,364$11,036,696
57$11,587,991$9,039,668$8,385,816$12,024,957
58$12,741,857$9,454,503$8,638,632$13,108,780
59$14,012,532$9,888,780$8,899,032$14,297,700
60$15,411,903$10,343,422$9,167,242$15,602,219
61$16,953,067$10,819,400$9,443,495$17,033,898
62$18,650,459$11,317,730$9,728,031$18,605,470
63$20,519,982$11,839,475$10,021,096$20,330,954
64$22,579,162$12,385,751$10,322,945$22,225,792
65$24,847,313$12,957,729$10,633,840$24,306,986
66$27,345,714$13,556,633$10,954,049$26,593,264
67$30,097,818$14,183,749$11,283,851$29,105,250
68$33,129,466$14,840,423$11,623,530$31,865,661
69$36,469,135$15,528,067$11,973,381$34,899,515
70$40,148,204$16,248,160$12,333,707$38,234,372
71$44,201,254$17,002,253$12,704,819$41,900,585
72$48,666,389$17,791,971$13,087,039$45,931,592
73$53,585,602$18,619,019$13,480,695$50,364,222
74$59,005,165$19,485,182$13,886,130$55,239,047
75$64,976,068$20,392,333$14,303,692$60,600,760
76$71,554,504$21,342,433$14,733,742$66,498,593
77$78,802,392$22,337,542$15,176,652$72,986,783
78$86,787,970$23,379,815$15,632,803$80,125,078
79$95,586,429$24,471,512$16,102,589$87,979,302
80$105,280,634$25,615,005$16,586,414$96,621,971
81$115,961,895$26,812,777$17,084,695$106,132,973
82$127,730,838$28,067,433$17,597,862$116,600,326
83$140,698,349$29,381,703$18,126,357$128,120,997
84$154,986,624$30,758,449$18,670,633$140,801,821
85$170,730,320$32,200,674$19,231,159$154,760,502
86$188,077,827$33,711,521$19,808,418$170,126,723
87$207,192,670$35,294,290$20,402,904$187,043,366
88$228,255,051$36,952,439$21,015,130$205,667,856
89$251,463,549$38,689,591$21,645,619$226,173,643
90$277,036,998$40,509,548$22,294,915$248,751,836
91$305,216,550$42,416,294$22,963,573$273,613,004
92$336,267,953$44,414,007$23,652,167$300,989,156
93$370,484,057$46,507,067$24,361,287$331,135,928
94$408,187,582$48,700,064$25,091,542$364,334,992
95$449,734,162$50,997,814$25,843,555$400,896,708
96$495,515,704$53,405,365$26,617,972$441,163,052
97$545,964,086$55,928,008$27,415,454$485,510,832
98$601,555,235$58,571,292$28,236,684$534,355,246
99$662,813,620$61,341,037$29,082,364$588,153,791
100$730,317,202$64,243,341$29,953,217$647,410,577