Can I retire at age 53 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$718,438$712,038$705,795$699,701$693,750$689,378
2 years$355,662$349,038$342,619$336,395$330,357$325,947
3 years$234,753$228,100$221,697$215,531$209,592$205,280
4 years$174,310$167,678$161,339$155,278$149,483$145,303
5 years$138,054$131,462$125,205$119,269$113,635$109,599
6 years$113,891$107,348$101,185$95,380$89,915$86,028
7 years$96,638$90,151$84,085$78,417$73,125$69,389
8 years$83,705$77,276$71,311$65,782$60,664$57,080
9 years$73,651$67,283$61,420$56,032$51,088$47,654
10 years$65,612$59,306$53,547$48,300$43,530$40,244
11 years$59,040$52,797$47,142$42,035$37,437$34,298
12 years$53,566$47,388$41,837$36,871$32,442$29,446
13 years$48,939$42,825$37,379$32,551$28,290$25,435
14 years$44,976$38,926$33,585$28,895$24,799$22,081
15 years$41,544$35,560$30,323$25,770$21,835$19,250
16 years$38,544$32,626$27,492$23,074$19,298$16,843
17 years$35,900$30,047$25,017$20,732$17,111$14,782
18 years$33,553$27,765$22,837$18,683$15,214$13,007
19 years$31,454$25,732$20,906$16,882$13,561$11,472
20 years$29,569$23,911$19,187$15,290$12,113$10,137
21 years$27,864$22,273$17,648$13,877$10,839$8,973
22 years$26,317$20,791$16,265$12,617$9,716$7,955
23 years$24,907$19,445$15,018$11,491$8,722$7,061
24 years$23,616$18,219$13,889$10,480$7,839$6,275
25 years$22,430$17,097$12,864$9,571$7,054$5,583
26 years$21,337$16,069$11,931$8,751$6,354$4,971
27 years$20,327$15,123$11,079$8,010$5,729$4,429
28 years$19,390$14,250$10,299$7,339$5,169$3,950
29 years$18,520$13,443$9,584$6,730$4,668$3,524
30 years$17,709$12,696$8,928$6,177$4,217$3,146
31 years$16,953$12,002$8,323$5,673$3,813$2,810
32 years$16,244$11,356$7,765$5,213$3,449$2,511
33 years$15,580$10,754$7,251$4,794$3,121$2,245
34 years$14,957$10,193$6,775$4,411$2,826$2,008
35 years$14,370$9,668$6,334$4,061$2,560$1,796
36 years$13,818$9,176$5,925$3,740$2,319$1,607
37 years$13,296$8,715$5,546$3,446$2,102$1,438
38 years$12,803$8,282$5,193$3,176$1,906$1,287
39 years$12,336$7,876$4,866$2,928$1,728$1,153
40 years$11,894$7,493$4,561$2,701$1,567$1,032
41 years$11,475$7,133$4,276$2,492$1,422$925
42 years$11,076$6,793$4,011$2,300$1,290$828
43 years$10,697$6,472$3,764$2,123$1,171$742
44 years$10,337$6,169$3,533$1,960$1,063$665
45 years$9,993$5,883$3,318$1,810$965$596
46 years$9,665$5,612$3,116$1,672$876$534
47 years$9,353$5,356$2,927$1,545$796$478
48 years$9,054$5,113$2,751$1,428$723$429
49 years$8,768$4,883$2,586$1,319$656$384
50 years$8,494$4,664$2,431$1,219$596$345

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,700,000, adding $4,204 every year, while hoping to spend $46,304 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: 88/5/7 Blend
52$8,700,000$8,700,000$8,700,000$8,700,000
53$9,591,736$9,130,636$8,995,786$10,430,974
54$10,520,826$9,528,771$9,247,878$11,376,157
55$11,543,132$9,944,861$9,506,863$12,408,255
56$12,668,111$10,379,740$9,772,923$13,541,424
57$13,906,188$10,834,276$10,046,245$14,785,831
58$15,268,845$11,309,381$10,327,020$16,152,674
59$16,768,736$11,806,010$10,615,444$17,654,288
60$18,419,803$12,325,161$10,911,718$19,304,262
61$20,237,410$12,867,881$11,216,048$21,117,564
62$22,238,485$13,435,266$11,528,645$23,110,683
63$24,441,681$14,028,464$11,849,724$25,301,784
64$26,867,551$14,648,678$12,179,509$27,710,878
65$29,538,744$15,297,165$12,518,225$30,360,012
66$32,480,215$15,975,246$12,866,104$33,273,472
67$35,719,465$16,684,301$13,223,387$36,478,017
68$39,286,795$17,425,777$13,590,316$40,003,127
69$43,215,598$18,201,189$13,967,141$43,881,281
70$47,542,667$19,012,126$14,354,118$48,148,263
71$52,308,549$19,860,249$14,751,511$52,843,499
72$57,557,921$20,747,302$15,159,586$58,010,427
73$63,340,016$21,675,107$15,578,620$63,696,907
74$69,709,088$22,645,578$16,008,894$69,955,672
75$76,724,920$23,660,716$16,450,697$76,844,824
76$84,453,390$24,722,619$16,904,323$84,428,380
77$92,967,093$25,833,484$17,370,075$92,776,879
78$102,346,027$26,995,616$17,848,263$101,968,042
79$112,678,345$28,211,425$18,339,204$112,087,506
80$124,061,191$29,483,438$18,843,221$123,229,633
81$136,601,610$30,814,305$19,360,647$135,498,396
82$150,417,567$32,206,798$19,891,821$149,008,361
83$165,639,053$33,663,826$20,437,092$163,885,768
84$182,409,316$35,188,432$20,996,814$180,269,718
85$200,886,210$36,783,810$21,571,351$198,313,486
86$221,243,689$38,453,302$22,161,077$218,185,967
87$243,673,444$40,200,413$22,766,372$240,073,268
88$268,386,716$42,028,813$23,387,625$264,180,462
89$295,616,286$43,942,350$24,025,236$290,733,525
90$325,618,677$45,945,055$24,679,611$319,981,461
91$358,676,573$48,041,154$25,351,169$352,198,658
92$395,101,484$50,235,071$26,040,334$387,687,471
93$435,236,694$52,531,448$26,747,544$426,781,077
94$479,460,493$54,935,145$27,473,243$469,846,615
95$528,189,754$57,451,258$28,217,887$517,288,651
96$581,883,864$60,085,125$28,981,941$569,552,997
97$641,049,065$62,842,342$29,765,883$627,130,912
98$706,243,227$65,728,774$30,570,197$690,563,741
99$778,081,119$68,750,567$31,395,382$760,448,020
100$857,240,209$71,914,162$32,241,944$837,441,108