Can I retire at age 53 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$611,085$605,642$600,331$595,148$590,086$571,884
2 years$302,517$296,883$291,423$286,129$280,994$262,815
3 years$199,675$194,016$188,570$183,325$178,274$160,688
4 years$148,264$142,623$137,231$132,076$127,146$110,288
5 years$117,425$111,818$106,497$101,447$96,655$80,570
6 years$96,873$91,308$86,065$81,128$76,480$61,182
7 years$82,198$76,680$71,520$66,700$62,198$47,687
8 years$71,197$65,729$60,655$55,953$51,600$37,866
9 years$62,646$57,229$52,242$47,659$43,454$30,482
10 years$55,808$50,444$45,546$41,083$37,025$24,797
11 years$50,218$44,908$40,098$35,754$31,843$20,336
12 years$45,562$40,307$35,586$31,361$27,594$16,785
13 years$41,626$36,426$31,794$27,687$24,063$13,925
14 years$38,255$33,110$28,567$24,578$21,093$11,601
15 years$35,336$30,246$25,792$21,919$18,572$9,697
16 years$32,785$27,751$23,384$19,626$16,414$8,129
17 years$30,536$25,557$21,279$17,634$14,554$6,830
18 years$28,539$23,616$19,425$15,892$12,941$5,749
19 years$26,754$21,887$17,782$14,360$11,534$4,847
20 years$25,150$20,339$16,320$13,005$10,303$4,092
21 years$23,701$18,945$15,011$11,803$9,220$3,459
22 years$22,385$17,684$13,835$10,732$8,264$2,926
23 years$21,185$16,540$12,774$9,774$7,418$2,477
24 years$20,087$15,496$11,814$8,914$6,668$2,099
25 years$19,078$14,543$10,942$8,141$6,000$1,779
26 years$18,149$13,668$10,148$7,444$5,405$1,509
27 years$17,289$12,863$9,423$6,813$4,873$1,280
28 years$16,493$12,121$8,760$6,242$4,397$1,087
29 years$15,753$11,434$8,152$5,724$3,970$923
30 years$15,063$10,799$7,594$5,254$3,587$783
31 years$14,419$10,208$7,079$4,825$3,243$665
32 years$13,817$9,659$6,605$4,434$2,934$565
33 years$13,252$9,147$6,167$4,078$2,655$480
34 years$12,722$8,670$5,762$3,752$2,404$408
35 years$12,223$8,223$5,387$3,454$2,177$347
36 years$11,753$7,805$5,040$3,181$1,973$295
37 years$11,309$7,413$4,717$2,931$1,788$251
38 years$10,890$7,045$4,417$2,701$1,621$213
39 years$10,493$6,699$4,139$2,491$1,470$181
40 years$10,117$6,373$3,879$2,297$1,333$154
41 years$9,760$6,067$3,637$2,120$1,210$131
42 years$9,421$5,778$3,412$1,956$1,098$111
43 years$9,099$5,505$3,202$1,806$996$95
44 years$8,792$5,248$3,005$1,667$904$80
45 years$8,500$5,004$2,822$1,540$821$68
46 years$8,221$4,774$2,650$1,422$745$58
47 years$7,955$4,556$2,490$1,314$677$49
48 years$7,701$4,349$2,340$1,214$615$42
49 years$7,458$4,153$2,199$1,122$558$36
50 years$7,225$3,967$2,068$1,037$507$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,400,000, adding $5,886 every year, while hoping to spend $25,052 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: 55/21/24 Blend
52$7,400,000$7,400,000$7,400,000$7,400,000
53$8,160,871$7,768,671$7,653,971$8,555,704
54$8,966,625$8,122,681$7,883,724$9,181,480
55$9,853,726$8,493,198$8,120,334$9,859,524
56$10,830,445$8,881,004$8,364,005$10,597,448
57$11,905,897$9,286,919$8,614,945$11,401,007
58$13,090,122$9,711,802$8,873,370$12,276,533
59$14,394,188$10,156,554$9,139,501$13,230,983
60$15,830,289$10,622,118$9,413,568$14,272,016
61$17,411,860$11,109,484$9,695,804$15,408,049
62$19,153,709$11,619,687$9,986,452$16,648,346
63$21,072,150$12,153,815$10,285,761$18,003,097
64$23,185,162$12,713,004$10,593,987$19,483,512
65$25,512,556$13,298,449$10,911,393$21,101,928
66$28,076,163$13,911,400$11,238,251$22,871,919
67$30,900,040$14,553,167$11,574,841$24,808,424
68$34,010,696$15,225,124$11,921,450$26,927,885
69$37,437,343$15,928,711$12,278,374$29,248,396
70$41,212,170$16,665,436$12,645,918$31,789,878
71$45,370,651$17,436,882$13,024,396$34,574,255
72$49,951,875$18,244,706$13,414,131$37,625,666
73$54,998,916$19,090,647$13,815,454$40,970,683
74$60,559,241$19,976,524$14,228,708$44,638,562
75$66,685,159$20,904,249$14,654,244$48,661,516
76$73,434,309$21,875,821$15,092,426$53,075,010
77$80,870,212$22,893,340$15,543,625$57,918,099
78$89,062,864$23,959,003$16,008,226$63,233,787
79$98,089,398$25,075,117$16,486,624$69,069,432
80$108,034,816$26,244,097$16,979,225$75,477,184
81$118,992,785$27,468,476$17,486,448$82,514,480
82$131,066,528$28,750,910$18,008,722$90,244,572
83$144,369,792$30,094,182$18,546,492$98,737,127
84$159,027,924$31,501,211$19,100,214$108,068,874
85$175,179,057$32,975,055$19,670,356$118,324,325
86$192,975,410$34,518,922$20,257,401$129,596,567
87$212,584,726$36,136,172$20,861,848$141,988,133
88$234,191,855$37,830,332$21,484,207$155,611,964
89$258,000,501$39,605,095$22,125,005$170,592,470
90$284,235,143$41,464,336$22,784,783$187,066,695
91$313,143,154$43,412,115$23,464,100$205,185,606
92$344,997,137$45,452,689$24,163,529$225,115,506
93$380,097,497$47,590,524$24,883,660$247,039,603
94$418,775,281$49,830,298$25,625,101$271,159,723
95$461,395,294$52,176,918$26,388,477$297,698,215
96$508,359,555$54,635,528$27,174,432$326,900,031
97$560,111,082$57,211,520$27,983,627$359,035,040
98$617,138,078$59,910,551$28,816,744$394,400,555
99$679,978,541$62,738,547$29,674,484$433,324,137
100$749,225,341$65,701,725$30,557,569$476,166,674