Can I retire at age 53 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$685,406$679,301$673,344$667,531$661,854$646,116
2 years$339,310$332,991$326,866$320,928$315,168$299,405
3 years$223,960$217,613$211,504$205,622$199,956$184,659
4 years$166,296$159,969$153,921$148,139$142,610$127,898
5 years$131,707$125,417$119,449$113,785$108,410$94,324
6 years$108,655$102,413$96,532$90,995$85,781$72,335
7 years$92,195$86,006$80,219$74,812$69,763$56,959
8 years$79,857$73,723$68,032$62,758$57,875$45,708
9 years$70,265$64,189$58,596$53,456$48,739$37,199
10 years$62,596$56,580$51,085$46,079$41,528$30,602
11 years$56,325$50,370$44,975$40,103$35,716$25,388
12 years$51,104$45,209$39,914$35,176$30,950$21,204
13 years$46,689$40,856$35,660$31,055$26,989$17,807
14 years$42,908$37,137$32,041$27,567$23,659$15,020
15 years$39,634$33,925$28,929$24,585$20,831$12,715
16 years$36,772$31,126$26,228$22,013$18,411$10,797
17 years$34,250$28,665$23,867$19,779$16,324$9,191
18 years$32,010$26,488$21,787$17,824$14,515$7,841
19 years$30,008$24,549$19,945$16,106$12,937$6,701
20 years$28,209$22,812$18,305$14,587$11,556$5,735
21 years$26,583$21,249$16,837$13,239$10,341$4,915
22 years$25,107$19,835$15,518$12,037$9,269$4,217
23 years$23,762$18,551$14,328$10,962$8,321$3,621
24 years$22,530$17,381$13,251$9,998$7,479$3,112
25 years$21,399$16,311$12,273$9,131$6,730$2,676
26 years$20,356$15,330$11,382$8,349$6,062$2,303
27 years$19,392$14,427$10,570$7,642$5,465$1,982
28 years$18,499$13,595$9,826$7,002$4,931$1,707
29 years$17,669$12,825$9,144$6,421$4,453$1,471
30 years$16,895$12,112$8,517$5,893$4,024$1,268
31 years$16,173$11,450$7,940$5,412$3,638$1,093
32 years$15,497$10,834$7,408$4,974$3,291$943
33 years$14,864$10,260$6,917$4,574$2,978$813
34 years$14,269$9,724$6,463$4,208$2,696$701
35 years$13,710$9,223$6,042$3,874$2,442$605
36 years$13,182$8,754$5,653$3,568$2,213$522
37 years$12,685$8,314$5,291$3,287$2,005$450
38 years$12,214$7,902$4,955$3,030$1,818$389
39 years$11,769$7,514$4,642$2,794$1,649$336
40 years$11,347$7,149$4,351$2,577$1,495$290
41 years$10,947$6,805$4,080$2,377$1,357$250
42 years$10,567$6,481$3,827$2,194$1,231$216
43 years$10,206$6,175$3,591$2,025$1,117$186
44 years$9,862$5,886$3,371$1,870$1,014$161
45 years$9,534$5,613$3,165$1,727$921$139
46 years$9,221$5,354$2,973$1,595$836$120
47 years$8,923$5,110$2,793$1,474$759$104
48 years$8,637$4,878$2,624$1,362$689$89
49 years$8,365$4,658$2,467$1,259$626$77
50 years$8,104$4,450$2,319$1,163$569$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,300,000, adding $2,525 every year, while hoping to spend $59,639 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: 28/50/22 Blend
52$8,300,000$8,300,000$8,300,000$8,300,000
53$9,149,205$8,709,305$8,580,655$9,341,935
54$10,018,968$9,072,605$8,804,651$9,855,782
55$10,975,448$9,451,708$9,034,153$10,402,056
56$12,027,428$9,847,326$9,269,281$10,987,742
57$13,184,583$10,260,202$9,510,159$11,616,244
58$14,457,574$10,691,115$9,756,912$12,291,289
59$15,858,147$11,140,881$10,009,669$13,016,958
60$17,399,244$11,610,350$10,268,560$13,797,721
61$19,095,126$12,100,416$10,533,715$14,638,476
62$20,961,504$12,612,012$10,805,270$15,544,591
63$23,015,691$13,146,114$11,083,360$16,521,951
64$25,276,762$13,703,745$11,368,124$17,577,011
65$27,765,738$14,285,974$11,659,701$18,716,849
66$30,505,777$14,893,920$11,958,235$19,949,231
67$33,522,400$15,528,756$12,263,870$21,282,679
68$36,843,727$16,191,708$12,576,752$22,726,547
69$40,500,744$16,884,058$12,897,030$24,291,102
70$44,527,594$17,607,151$13,224,854$25,987,618
71$48,961,899$18,362,392$13,560,378$27,828,478
72$53,845,117$19,151,253$13,903,755$29,827,280
73$59,222,930$19,975,276$14,255,142$31,998,964
74$65,145,677$20,836,072$14,614,697$34,359,944
75$71,668,827$21,735,331$14,982,580$36,928,258
76$78,853,504$22,674,819$15,358,953$39,723,732
77$86,767,064$23,656,388$15,743,981$42,768,155
78$95,483,728$24,681,974$16,137,828$46,085,484
79$105,085,284$25,753,606$16,540,661$49,702,058
80$115,661,859$26,873,409$16,952,648$53,646,838
81$127,312,767$28,043,604$17,373,961$57,951,674
82$140,147,450$29,266,522$17,804,769$62,651,596
83$154,286,507$30,544,598$18,245,246$67,785,134
84$169,862,835$31,880,388$18,695,566$73,394,673
85$187,022,879$33,276,562$19,155,903$79,526,843
86$205,928,021$34,735,921$19,626,433$86,232,948
87$226,756,094$36,261,397$20,107,334$93,569,438
88$249,703,068$37,856,058$20,598,782$101,598,433
89$274,984,896$39,523,120$21,100,956$110,388,294
90$302,839,553$41,265,949$21,614,035$120,014,257
91$333,529,279$43,088,073$22,138,197$130,559,131
92$367,343,060$44,993,183$22,673,622$142,114,061
93$404,599,351$46,985,148$23,220,487$154,779,382
94$445,649,085$49,068,020$23,778,973$168,665,541
95$490,878,979$51,246,041$24,349,256$183,894,133
96$540,715,195$53,523,656$24,931,516$200,599,024
97$595,627,350$55,905,521$25,525,928$218,927,602
98$656,132,961$58,396,513$26,132,667$239,042,151
99$722,802,320$61,001,739$26,751,908$261,121,360
100$796,263,883$63,726,550$27,383,824$285,361,990