Can I retire at age 53 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$677,148$671,117$665,232$659,488$653,880$645,174
2 years$335,222$328,979$322,928$317,062$311,371$302,614
3 years$221,261$214,991$208,956$203,144$197,547$189,011
4 years$164,292$158,041$152,066$146,354$140,892$132,643
5 years$130,120$123,906$118,010$112,414$107,104$99,165
6 years$107,345$101,179$95,369$89,898$84,748$77,129
7 years$91,085$84,970$79,252$73,910$68,922$61,627
8 years$78,894$72,835$67,212$62,002$57,178$50,205
9 years$69,418$63,416$57,890$52,812$48,152$41,498
10 years$61,842$55,898$50,470$45,524$41,028$34,688
11 years$55,647$49,763$44,433$39,620$35,285$29,253
12 years$50,488$44,664$39,433$34,752$30,578$24,847
13 years$46,126$40,363$35,231$30,681$26,664$21,228
14 years$42,391$36,689$31,655$27,235$23,374$18,223
15 years$39,156$33,516$28,580$24,289$20,580$15,706
16 years$36,329$30,751$25,912$21,748$18,189$13,582
17 years$33,837$28,320$23,579$19,540$16,127$11,779
18 years$31,624$26,169$21,525$17,610$14,340$10,241
19 years$29,647$24,253$19,705$15,912$12,781$8,921
20 years$27,869$22,537$18,084$14,411$11,416$7,786
21 years$26,263$20,993$16,634$13,079$10,216$6,806
22 years$24,805$19,596$15,331$11,892$9,158$5,956
23 years$23,475$18,328$14,155$10,830$8,220$5,219
24 years$22,259$17,172$13,091$9,878$7,389$4,578
25 years$21,141$16,115$12,125$9,021$6,649$4,019
26 years$20,111$15,145$11,245$8,248$5,989$3,531
27 years$19,159$14,254$10,442$7,550$5,400$3,104
28 years$18,276$13,431$9,707$6,917$4,872$2,731
29 years$17,456$12,671$9,034$6,343$4,399$2,403
30 years$16,692$11,966$8,414$5,822$3,975$2,116
31 years$15,978$11,312$7,845$5,347$3,594$1,864
32 years$15,311$10,703$7,319$4,914$3,251$1,642
33 years$14,685$10,136$6,834$4,519$2,942$1,448
34 years$14,097$9,607$6,385$4,157$2,664$1,276
35 years$13,544$9,112$5,970$3,827$2,413$1,125
36 years$13,023$8,649$5,585$3,525$2,186$993
37 years$12,532$8,214$5,227$3,248$1,981$876
38 years$12,067$7,806$4,895$2,993$1,796$773
39 years$11,627$7,423$4,586$2,760$1,629$682
40 years$11,211$7,062$4,298$2,546$1,477$602
41 years$10,815$6,723$4,031$2,349$1,340$531
42 years$10,440$6,403$3,781$2,168$1,216$469
43 years$10,083$6,100$3,548$2,001$1,104$414
44 years$9,743$5,815$3,330$1,848$1,002$365
45 years$9,419$5,545$3,127$1,706$910$323
46 years$9,110$5,290$2,937$1,576$826$285
47 years$8,815$5,048$2,759$1,456$750$252
48 years$8,533$4,819$2,593$1,346$681$222
49 years$8,264$4,602$2,437$1,244$619$196
50 years$8,006$4,396$2,291$1,149$562$173

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,200,000, adding $2,815 every year, while hoping to spend $43,884 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: 66/26/8 Blend
52$8,200,000$8,200,000$8,200,000$8,200,000
53$9,039,304$8,604,704$8,477,604$9,622,001
54$9,914,620$8,979,642$8,714,911$10,384,621
55$10,877,749$9,371,481$8,958,698$11,212,272
56$11,937,599$9,781,004$9,209,134$12,115,647
57$13,103,989$10,209,028$9,466,395$13,102,125
58$14,387,736$10,656,411$9,730,660$14,179,822
59$15,800,761$11,124,051$10,002,112$15,357,669
60$17,356,197$11,612,887$10,280,941$16,645,490
61$19,068,515$12,123,905$10,567,339$18,054,094
62$20,953,663$12,658,135$10,861,504$19,595,378
63$23,029,211$13,216,658$11,163,639$21,282,434
64$25,314,520$13,800,604$11,473,950$23,129,668
65$27,830,925$14,411,158$11,792,651$25,152,938
66$30,601,934$15,049,560$12,119,961$27,369,699
67$33,653,453$15,717,110$12,456,101$29,799,166
68$37,014,025$16,415,168$12,801,300$32,462,489
69$40,715,106$17,145,161$13,155,793$35,382,955
70$44,791,354$17,908,581$13,519,820$38,586,198
71$49,280,964$18,706,994$13,893,626$42,100,447
72$54,226,022$19,542,036$14,277,462$45,956,778
73$59,672,906$20,415,425$14,671,586$50,189,412
74$65,672,720$21,328,959$15,076,263$54,836,032
75$72,281,781$22,284,522$15,491,761$59,938,134
76$79,562,145$23,284,085$15,918,357$65,541,414
77$87,582,196$24,329,718$16,356,334$71,696,196
78$96,417,291$25,423,585$16,805,982$78,457,903
79$106,150,469$26,567,955$17,267,597$85,887,577
80$116,873,238$27,765,206$17,741,482$94,052,444
81$128,686,435$29,017,827$18,227,949$103,026,552
82$141,701,180$30,328,430$18,727,314$112,891,459
83$156,039,924$31,699,746$19,239,902$123,736,998
84$171,837,604$33,134,642$19,766,047$135,662,121
85$189,242,918$34,636,118$20,306,089$148,775,826
86$208,419,728$36,207,320$20,860,375$163,198,180
87$229,548,604$37,851,543$21,429,261$179,061,443
88$252,828,533$39,572,240$22,013,113$196,511,315
89$278,478,793$41,373,029$22,612,301$215,708,299
90$306,741,024$43,257,701$23,227,207$236,829,212
91$337,881,510$45,230,231$23,858,221$260,068,842
92$372,193,693$47,294,781$24,505,740$285,641,784
93$410,000,939$49,455,714$25,170,171$313,784,454
94$451,659,593$51,717,603$25,851,931$344,757,310
95$497,562,346$54,085,239$26,551,444$378,847,305
96$548,141,933$56,563,644$27,269,146$416,370,584
97$603,875,227$59,158,079$28,005,479$457,675,458
98$665,287,736$61,874,061$28,760,899$503,145,681
99$732,958,564$64,717,369$29,535,868$553,204,062
100$807,525,878$67,694,061$30,330,860$608,316,445