Can I retire at age 53 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$693,664$687,485$681,457$675,573$669,828$649,427
2 years$343,398$337,003$330,804$324,795$318,966$298,587
3 years$226,658$220,235$214,052$208,099$202,365$182,648
4 years$168,299$161,896$155,775$149,924$144,328$125,424
5 years$133,293$126,928$120,888$115,156$109,716$91,675
6 years$109,964$103,647$97,695$92,091$86,815$69,653
7 years$93,306$87,042$81,185$75,713$70,604$54,321
8 years$80,819$74,611$68,852$63,514$58,572$43,158
9 years$71,111$64,963$59,302$54,100$49,326$34,764
10 years$63,350$57,261$51,701$46,634$42,029$28,297
11 years$57,004$50,976$45,517$40,586$36,146$23,222
12 years$51,719$45,754$40,395$35,599$31,323$19,180
13 years$47,251$41,348$36,090$31,429$27,315$15,923
14 years$43,425$37,584$32,427$27,899$23,944$13,274
15 years$40,111$34,334$29,277$24,881$21,082$11,104
16 years$37,215$31,501$26,544$22,278$18,632$9,315
17 years$34,662$29,011$24,154$20,017$16,521$7,832
18 years$32,396$26,807$22,050$18,039$14,689$6,598
19 years$30,370$24,845$20,185$16,300$13,093$5,567
20 years$28,549$23,087$18,525$14,763$11,695$4,704
21 years$26,904$21,505$17,040$13,398$10,466$3,978
22 years$25,410$20,074$15,705$12,182$9,381$3,368
23 years$24,048$18,775$14,500$11,094$8,421$2,854
24 years$22,802$17,591$13,410$10,119$7,569$2,420
25 years$21,656$16,508$12,421$9,241$6,811$2,053
26 years$20,601$15,515$11,520$8,449$6,135$1,743
27 years$19,626$14,601$10,697$7,734$5,531$1,480
28 years$18,722$13,759$9,944$7,086$4,991$1,257
29 years$17,882$12,980$9,254$6,498$4,507$1,068
30 years$17,099$12,258$8,620$5,964$4,072$908
31 years$16,368$11,588$8,036$5,477$3,682$771
32 years$15,684$10,964$7,498$5,034$3,330$656
33 years$15,043$10,383$7,001$4,629$3,014$558
34 years$14,441$9,841$6,541$4,259$2,729$474
35 years$13,875$9,334$6,115$3,921$2,471$403
36 years$13,341$8,860$5,721$3,611$2,239$343
37 years$12,837$8,415$5,354$3,327$2,030$292
38 years$12,361$7,997$5,014$3,066$1,840$248
39 years$11,911$7,604$4,698$2,827$1,669$211
40 years$11,484$7,235$4,403$2,608$1,513$180
41 years$11,079$6,887$4,129$2,406$1,373$153
42 years$10,694$6,559$3,873$2,221$1,246$130
43 years$10,329$6,249$3,634$2,050$1,131$111
44 years$9,980$5,957$3,411$1,893$1,026$94
45 years$9,649$5,680$3,203$1,748$932$80
46 years$9,332$5,419$3,009$1,615$846$68
47 years$9,030$5,171$2,826$1,492$768$58
48 years$8,741$4,937$2,656$1,378$698$49
49 years$8,465$4,714$2,497$1,274$634$42
50 years$8,201$4,503$2,347$1,177$575$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,400,000, adding $3,193 every year, while hoping to spend $53,309 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: 63/32/5 Blend
52$8,400,000$8,400,000$8,400,000$8,400,000
53$9,260,094$8,814,894$8,684,694$9,836,409
54$10,147,903$9,190,103$8,918,910$10,595,731
55$11,124,482$9,581,911$9,159,187$11,417,815
56$12,198,829$9,991,075$9,405,670$12,313,926
57$13,380,858$10,418,386$9,658,509$13,291,223
58$14,681,494$10,864,675$9,917,857$14,357,574
59$16,112,772$11,330,810$10,183,870$15,521,636
60$17,687,953$11,817,698$10,456,709$16,792,930
61$19,421,652$12,326,292$10,736,535$18,181,928
62$21,329,967$12,857,588$11,023,516$19,700,151
63$23,430,641$13,412,627$11,317,821$21,360,275
64$25,743,221$13,992,500$11,619,623$23,176,248
65$28,289,249$14,598,352$11,929,100$25,163,416
66$31,092,458$15,231,377$12,246,430$27,338,669
67$34,179,002$15,892,828$12,571,799$29,720,594
68$37,577,699$16,584,016$12,905,394$32,329,648
69$41,320,306$17,306,314$13,247,406$35,188,350
70$45,441,814$18,061,159$13,598,030$38,321,485
71$49,980,780$18,850,058$13,957,466$41,756,339
72$54,979,694$19,674,585$14,325,915$45,522,949
73$60,485,375$20,536,392$14,703,586$49,654,385
74$66,549,415$21,437,206$15,090,687$54,187,057
75$73,228,664$22,378,839$15,487,434$59,161,053
76$80,585,770$23,363,184$15,894,045$64,620,514
77$88,689,766$24,392,227$16,310,743$70,614,044
78$97,616,723$25,468,047$16,737,754$77,195,168
79$107,450,469$26,592,821$17,175,309$84,422,827
80$118,283,377$27,768,830$17,623,642$92,361,928
81$130,217,240$28,998,461$18,082,993$101,083,958
82$143,364,230$30,284,217$18,553,604$110,667,645
83$157,847,954$31,628,717$19,035,722$121,199,698
84$173,804,626$33,034,705$19,529,600$132,775,620
85$191,384,349$34,505,056$20,035,493$145,500,597
86$210,752,530$36,042,782$20,553,659$159,490,492
87$232,091,446$37,651,036$21,084,365$174,872,924
88$255,601,959$39,333,122$21,627,876$191,788,467
89$281,505,416$41,092,502$22,184,467$210,391,970
90$310,045,735$42,932,801$22,754,414$230,854,008
91$341,491,710$44,857,818$23,337,996$253,362,482
92$376,139,546$46,871,533$23,935,500$278,124,387
93$414,315,654$48,978,113$24,547,215$305,367,753
94$456,379,737$51,181,926$25,173,432$335,343,788
95$502,728,179$53,487,549$25,814,451$368,329,238
96$553,797,789$55,899,776$26,470,571$404,628,987
97$610,069,927$58,423,628$27,142,099$444,578,926
98$672,075,044$61,064,369$27,829,343$488,549,108
99$740,397,688$63,827,513$28,532,616$536,947,232
100$815,682,028$66,718,838$29,252,235$590,222,473