Can I retire at age 53 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$668,890$662,932$657,119$651,446$645,905$620,034
2 years$331,134$324,967$318,990$313,195$307,574$281,833
3 years$218,563$212,369$206,408$200,667$195,138$170,339
4 years$162,289$156,114$150,212$144,569$139,174$115,506
5 years$128,533$122,395$116,571$111,043$105,798$83,320
6 years$106,036$99,945$94,206$88,802$83,714$62,441
7 years$89,974$83,934$78,286$73,009$68,082$48,005
8 years$77,932$71,947$66,393$61,245$56,481$37,580
9 years$68,572$62,642$57,184$52,168$47,565$29,811
10 years$61,087$55,216$49,854$44,969$40,528$23,885
11 years$54,968$49,156$43,891$39,136$34,855$19,285
12 years$49,872$44,120$38,952$34,328$30,205$15,665
13 years$45,564$39,871$34,801$30,306$26,339$12,785
14 years$41,874$36,242$31,269$26,903$23,089$10,474
15 years$38,679$33,108$28,232$23,992$20,329$8,607
16 years$35,886$30,376$25,596$21,483$17,967$7,091
17 years$33,424$27,975$23,291$19,302$15,931$5,853
18 years$31,239$25,850$21,262$17,395$14,165$4,840
19 years$29,285$23,957$19,464$15,718$12,625$4,007
20 years$27,529$22,262$17,863$14,236$11,277$3,321
21 years$25,943$20,737$16,431$12,920$10,092$2,755
22 years$24,502$19,357$15,144$11,747$9,046$2,288
23 years$23,189$18,104$13,983$10,698$8,120$1,901
24 years$21,987$16,962$12,931$9,757$7,299$1,580
25 years$20,883$15,918$11,977$8,911$6,568$1,314
26 years$19,866$14,961$11,108$8,148$5,916$1,093
27 years$18,925$14,080$10,315$7,458$5,334$909
28 years$18,053$13,267$9,589$6,833$4,813$757
29 years$17,243$12,516$8,923$6,266$4,346$630
30 years$16,488$11,820$8,312$5,751$3,927$525
31 years$15,783$11,174$7,749$5,281$3,550$437
32 years$15,124$10,573$7,230$4,854$3,211$364
33 years$14,506$10,013$6,751$4,463$2,906$303
34 years$13,925$9,490$6,307$4,107$2,631$252
35 years$13,379$9,001$5,897$3,781$2,383$210
36 years$12,865$8,543$5,516$3,482$2,159$175
37 years$12,379$8,114$5,163$3,208$1,957$146
38 years$11,920$7,711$4,835$2,957$1,774$122
39 years$11,486$7,333$4,530$2,726$1,609$101
40 years$11,074$6,976$4,246$2,515$1,459$84
41 years$10,683$6,641$3,981$2,320$1,324$70
42 years$10,312$6,325$3,735$2,141$1,201$59
43 years$9,960$6,026$3,504$1,977$1,090$49
44 years$9,624$5,744$3,290$1,825$990$41
45 years$9,304$5,477$3,089$1,685$898$34
46 years$8,999$5,225$2,901$1,557$816$28
47 years$8,708$4,987$2,726$1,438$741$24
48 years$8,429$4,760$2,561$1,329$673$20
49 years$8,163$4,546$2,407$1,228$611$16
50 years$7,908$4,342$2,263$1,135$555$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,100,000, adding $3,973 every year, while hoping to spend $52,831 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: 72/17/11 Blend
52$8,100,000$8,100,000$8,100,000$8,100,000
53$8,930,298$8,500,998$8,375,448$9,553,451
54$9,784,977$8,861,335$8,599,814$10,326,507
55$10,725,062$9,237,558$8,829,925$11,165,812
56$11,759,209$9,630,390$9,065,919$12,083,384
57$12,896,956$10,040,586$9,307,934$13,086,943
58$14,148,809$10,468,938$9,556,114$14,184,982
59$15,526,347$10,916,276$9,810,603$15,386,852
60$17,042,326$11,383,465$10,071,550$16,702,847
61$18,710,802$11,871,413$10,339,105$18,144,297
62$20,547,263$12,381,071$10,613,424$19,723,680
63$22,568,773$12,913,433$10,894,663$21,454,730
64$24,794,136$13,469,540$11,182,983$23,352,570
65$27,244,072$14,050,482$11,478,547$25,433,854
66$29,941,411$14,657,399$11,781,522$27,716,919
67$32,911,310$15,291,486$12,092,078$30,221,957
68$36,181,488$15,953,994$12,410,387$32,971,206
69$39,782,491$16,646,231$12,736,626$35,989,154
70$43,747,977$17,369,567$13,070,975$39,302,773
71$48,115,034$18,125,440$13,413,616$42,941,767
72$52,924,531$18,915,350$13,764,735$46,938,853
73$58,221,502$19,740,871$14,124,523$51,330,063
74$64,055,572$20,603,650$14,493,171$56,155,090
75$70,481,425$21,505,414$14,870,877$61,457,651
76$77,559,318$22,447,967$15,257,840$67,285,903
77$85,355,654$23,433,203$15,654,263$73,692,891
78$93,943,602$24,463,101$16,060,352$80,737,049
79$103,403,794$25,539,737$16,476,318$88,482,748
80$113,825,080$26,665,284$16,902,374$97,000,897
81$125,305,372$27,842,017$17,338,737$106,369,613
82$137,952,563$29,072,318$17,785,628$116,674,955
83$151,885,548$30,358,685$18,243,270$128,011,727
84$167,235,344$31,703,732$18,711,890$140,484,379
85$184,146,330$33,110,195$19,191,719$154,207,980
86$202,777,606$34,580,945$19,682,992$169,309,304
87$223,304,495$36,118,984$20,185,945$185,928,023
88$245,920,198$37,727,460$20,700,820$204,218,021
89$270,837,622$39,409,668$21,227,860$224,348,841
90$298,291,379$41,169,062$21,767,313$246,507,278
91$328,540,012$43,009,258$22,319,430$270,899,145
92$361,868,427$44,934,045$22,884,465$297,751,203
93$398,590,586$46,947,393$23,462,674$327,313,299
94$439,052,470$49,053,460$24,054,319$359,860,720
95$483,635,345$51,256,602$24,659,661$395,696,783
96$532,759,357$53,561,383$25,278,967$435,155,697
97$586,887,505$55,972,584$25,912,505$478,605,704
98$646,530,005$58,495,215$26,560,549$526,452,557
99$712,249,109$61,134,524$27,223,370$579,143,336
100$784,664,412$63,896,010$27,901,248$637,170,666