Can I retire at age 53 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$627,601$622,011$616,556$611,233$606,035$601,208
2 years$310,694$304,907$299,299$293,862$288,588$283,723
3 years$205,072$199,260$193,666$188,280$183,092$178,339
4 years$152,271$146,477$140,940$135,645$130,583$125,978
5 years$120,599$114,840$109,375$104,189$99,267$94,824
6 years$99,491$93,775$88,391$83,320$78,547$74,272
7 years$84,420$78,753$73,453$68,502$63,879$59,774
8 years$73,122$67,505$62,294$57,465$52,994$49,059
9 years$64,339$58,776$53,654$48,947$44,629$40,862
10 years$57,317$51,808$46,777$42,193$38,026$34,425
11 years$51,575$46,121$41,182$36,721$32,704$29,267
12 years$46,794$41,396$36,548$32,209$28,340$25,064
13 years$42,751$37,410$32,653$28,436$24,713$21,594
14 years$39,289$34,005$29,339$25,242$21,663$18,698
15 years$36,291$31,064$26,489$22,511$19,074$16,257
16 years$33,671$28,501$24,016$20,157$16,858$14,186
17 years$31,361$26,248$21,854$18,110$14,947$12,415
18 years$29,310$24,254$19,950$16,321$13,290$10,894
19 years$27,477$22,479$18,263$14,748$11,846$9,580
20 years$25,830$20,888$16,761$13,357$10,581$8,441
21 years$24,341$19,457$15,417$12,122$9,469$7,450
22 years$22,990$18,162$14,209$11,022$8,488$6,585
23 years$21,758$16,987$13,119$10,038$7,619$5,828
24 years$20,630$15,915$12,133$9,155$6,848$5,163
25 years$19,594$14,936$11,238$8,361$6,162$4,579
26 years$18,639$14,037$10,422$7,645$5,551$4,064
27 years$17,757$13,211$9,678$6,997$5,004$3,610
28 years$16,939$12,448$8,997$6,411$4,516$3,209
29 years$16,179$11,744$8,373$5,879$4,077$2,854
30 years$15,470$11,091$7,799$5,396$3,684$2,540
31 years$14,809$10,484$7,271$4,955$3,331$2,261
32 years$14,190$9,920$6,784$4,554$3,013$2,014
33 years$13,610$9,395$6,334$4,188$2,727$1,794
34 years$13,066$8,904$5,918$3,853$2,469$1,599
35 years$12,553$8,445$5,533$3,547$2,236$1,426
36 years$12,071$8,016$5,176$3,267$2,026$1,272
37 years$11,615$7,613$4,845$3,010$1,836$1,134
38 years$11,184$7,235$4,537$2,774$1,665$1,012
39 years$10,777$6,880$4,250$2,558$1,510$903
40 years$10,390$6,546$3,984$2,359$1,369$806
41 years$10,024$6,231$3,736$2,177$1,242$719
42 years$9,676$5,934$3,504$2,009$1,127$642
43 years$9,345$5,654$3,288$1,855$1,023$573
44 years$9,030$5,389$3,087$1,712$929$512
45 years$8,730$5,139$2,898$1,581$843$457
46 years$8,443$4,903$2,722$1,461$765$408
47 years$8,170$4,679$2,557$1,350$695$365
48 years$7,909$4,466$2,403$1,247$631$326
49 years$7,659$4,265$2,259$1,153$573$291
50 years$7,420$4,074$2,124$1,065$521$260

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $7,600,000, adding $4,762 every year, while hoping to spend $24,037 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: 61/29/10 Blend
52$7,600,000$7,600,000$7,600,000$7,600,000
53$8,380,112$7,977,312$7,859,512$8,871,946
54$9,209,308$8,342,625$8,097,230$9,567,480
55$10,122,277$8,725,033$8,342,107$10,322,901
56$11,127,537$9,125,348$8,594,356$11,146,573
57$12,234,477$9,544,421$8,854,198$12,045,089
58$13,453,441$9,983,144$9,121,860$13,025,698
59$14,795,826$10,442,453$9,397,577$14,096,371
60$16,274,195$10,923,328$9,681,590$15,265,875
61$17,902,386$11,426,794$9,974,147$16,543,851
62$19,695,653$11,953,930$10,275,504$17,940,905
63$21,670,799$12,505,863$10,585,923$19,468,706
64$23,846,346$13,083,775$10,905,677$21,140,090
65$26,242,700$13,688,907$11,235,044$22,969,182
66$28,882,349$14,322,557$11,574,312$24,971,523
67$31,790,074$14,986,087$11,923,776$27,164,217
68$34,993,180$15,680,924$12,283,741$29,566,084
69$38,521,760$16,408,565$12,654,522$32,197,841
70$42,408,972$17,170,577$13,036,441$35,082,288
71$46,691,356$17,968,605$13,429,831$38,244,523
72$51,409,179$18,804,371$13,835,035$41,712,173
73$56,606,812$19,679,681$14,252,405$45,515,651
74$62,333,151$20,596,430$14,682,305$49,688,441
75$68,642,078$21,556,601$15,125,108$54,267,405
76$75,592,971$22,562,276$15,581,200$59,293,131
77$83,251,262$23,615,634$16,050,977$64,810,308
78$91,689,053$24,718,963$16,534,848$70,868,143
79$100,985,804$25,874,660$17,033,233$77,520,822
80$111,229,074$27,085,236$17,546,564$84,828,015
81$122,515,353$28,353,326$18,075,288$92,855,431
82$134,950,971$29,681,691$18,619,862$101,675,434
83$148,653,103$31,073,227$19,180,760$111,367,722
84$163,750,871$32,530,967$19,758,467$122,020,067
85$180,386,570$34,058,094$20,353,486$133,729,142
86$198,717,002$35,657,943$20,966,330$146,601,421
87$218,914,965$37,334,011$21,597,531$160,754,180
88$241,170,879$39,089,965$22,247,635$176,316,596
89$265,694,583$40,929,647$22,917,205$193,430,955
90$292,717,320$42,857,089$23,606,821$212,253,988
91$322,493,915$44,876,515$24,317,078$232,958,342
92$355,305,185$46,992,355$25,048,591$255,734,198
93$391,460,587$49,209,254$25,801,992$280,791,058
94$431,301,139$51,532,079$26,577,931$308,359,709
95$475,202,642$53,965,938$27,377,078$338,694,396
96$523,579,225$56,516,183$28,200,124$372,075,204
97$576,887,256$59,188,426$29,047,778$408,810,693
98$635,629,649$61,988,551$29,920,772$449,240,798
99$700,360,613$64,922,730$30,819,857$493,740,025
100$771,690,882$67,997,431$31,745,809$542,720,970