Can I retire at age 53 with 7,500,000?

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 $7,500,000?

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$619,343$613,826$608,444$603,190$598,061$576,382
2 years$306,605$300,895$295,361$289,995$284,791$263,188
3 years$202,373$196,638$191,118$185,803$180,683$159,835
4 years$150,267$144,550$139,085$133,860$128,865$108,931
5 years$119,012$113,329$107,936$102,818$97,961$78,993
6 years$98,182$92,542$87,228$82,224$77,513$59,525
7 years$83,309$77,716$72,487$67,601$63,039$46,027
8 years$72,160$66,617$61,475$56,709$52,297$36,246
9 years$63,492$58,002$52,948$48,303$44,041$28,930
10 years$56,562$51,126$46,161$41,638$37,526$23,327
11 years$50,896$45,515$40,640$36,237$32,273$18,958
12 years$46,178$40,851$36,067$31,785$27,967$15,502
13 years$42,189$36,918$32,223$28,062$24,388$12,739
14 years$38,772$33,557$28,953$24,910$21,378$10,510
15 years$35,814$30,655$26,140$22,215$18,823$8,699
16 years$33,228$28,126$23,700$19,891$16,636$7,218
17 years$30,948$25,903$21,566$17,872$14,751$6,003
18 years$28,925$23,935$19,687$16,106$13,116$5,000
19 years$27,116$22,183$18,023$14,554$11,690$4,172
20 years$25,490$20,613$16,540$13,181$10,442$3,484
21 years$24,021$19,201$15,214$11,963$9,344$2,913
22 years$22,687$17,923$14,022$10,877$8,376$2,438
23 years$21,471$16,763$12,947$9,906$7,519$2,041
24 years$20,358$15,706$11,974$9,035$6,758$1,710
25 years$19,336$14,739$11,090$8,251$6,081$1,434
26 years$18,394$13,852$10,285$7,544$5,478$1,202
27 years$17,523$13,037$9,551$6,905$4,939$1,009
28 years$16,716$12,284$8,879$6,327$4,456$846
29 years$15,966$11,589$8,262$5,802$4,024$710
30 years$15,267$10,945$7,696$5,325$3,636$596
31 years$14,614$10,346$7,175$4,890$3,287$501
32 years$14,004$9,790$6,694$4,494$2,973$420
33 years$13,431$9,271$6,251$4,133$2,691$353
34 years$12,894$8,787$5,840$3,803$2,436$297
35 years$12,388$8,334$5,460$3,500$2,207$249
36 years$11,912$7,910$5,108$3,224$1,999$209
37 years$11,462$7,513$4,781$2,970$1,812$176
38 years$11,037$7,140$4,477$2,738$1,643$148
39 years$10,635$6,789$4,194$2,524$1,490$124
40 years$10,254$6,460$3,931$2,328$1,351$104
41 years$9,892$6,149$3,686$2,148$1,226$88
42 years$9,549$5,856$3,458$1,983$1,112$74
43 years$9,222$5,580$3,245$1,830$1,010$62
44 years$8,911$5,319$3,046$1,690$916$52
45 years$8,615$5,072$2,860$1,561$832$44
46 years$8,332$4,838$2,686$1,442$755$37
47 years$8,063$4,617$2,524$1,332$686$31
48 years$7,805$4,408$2,372$1,231$623$26
49 years$7,558$4,209$2,229$1,137$566$22
50 years$7,323$4,021$2,096$1,051$514$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,500,000, adding $2,039 every year, while hoping to spend $36,142 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: 56/35/9 Blend
52$7,500,000$7,500,000$7,500,000$7,500,000
53$8,267,103$7,869,603$7,753,353$8,712,135
54$9,071,893$8,216,759$7,974,636$9,359,962
55$9,957,560$8,579,714$8,202,120$10,061,037
56$10,932,315$8,959,204$8,435,975$10,823,757
57$12,005,207$9,356,001$8,676,376$11,654,004
58$13,186,204$9,770,911$8,923,501$12,558,244
59$14,486,292$10,204,781$9,177,533$13,543,584
60$15,917,574$10,658,495$9,438,660$14,617,837
61$17,493,388$11,132,983$9,707,077$15,789,590
62$19,228,429$11,629,215$9,982,980$17,068,290
63$21,138,893$12,148,210$10,266,574$18,464,323
64$23,242,622$12,691,035$10,558,066$19,989,112
65$25,559,281$13,258,806$10,857,672$21,655,220
66$28,110,534$13,852,694$11,165,611$23,476,471
67$30,920,258$14,473,926$11,482,108$25,468,067
68$34,014,760$15,123,784$11,807,395$27,646,739
69$37,423,032$15,803,616$12,141,709$30,030,893
70$41,177,019$16,514,831$12,485,294$32,640,784
71$45,311,923$17,258,906$12,838,400$35,498,700
72$49,866,535$18,037,388$13,201,282$38,629,174
73$54,883,601$18,851,899$13,574,203$42,059,204
74$60,410,223$19,704,137$13,957,434$45,818,508
75$66,498,309$20,595,883$14,351,251$49,939,797
76$73,205,056$21,529,000$14,755,938$54,459,080
77$80,593,494$22,505,444$15,171,784$59,416,000
78$88,733,081$23,527,262$15,599,090$64,854,199
79$97,700,357$24,596,599$16,038,160$70,821,728
80$107,579,664$25,715,703$16,489,310$77,371,492
81$118,463,947$26,886,930$16,952,859$84,561,744
82$130,455,629$28,112,749$17,429,139$92,456,627
83$143,667,576$29,395,746$17,918,488$101,126,776
84$158,224,163$30,738,632$18,421,252$110,649,973
85$174,262,451$32,144,248$18,937,787$121,111,876
86$191,933,477$33,615,572$19,468,458$132,606,821
87$211,403,679$35,155,722$20,013,639$145,238,701
88$232,856,470$36,767,969$20,573,712$159,121,939
89$256,493,969$38,455,739$21,149,071$174,382,563
90$282,538,907$40,222,623$21,740,118$191,159,380
91$311,236,729$42,072,384$22,347,265$209,605,280
92$342,857,912$44,008,968$22,970,935$229,888,667
93$377,700,520$46,036,508$23,611,562$252,195,040
94$416,093,013$48,159,337$24,269,590$276,728,733
95$458,397,352$50,381,997$24,945,473$303,714,827
96$505,012,414$52,709,247$25,639,678$333,401,269
97$556,377,756$55,146,076$26,352,683$366,061,195
98$612,977,766$57,697,712$27,084,977$401,995,496
99$675,346,236$60,369,638$27,837,062$441,535,646
100$744,071,399$63,167,597$28,609,450$485,046,811