Can I retire at age 53 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$726,696$720,223$713,907$707,743$701,724$690,383
2 years$359,750$353,050$346,557$340,261$334,154$322,760
3 years$237,451$230,722$224,245$218,009$212,001$200,908
4 years$176,314$169,605$163,193$157,063$151,201$140,494
5 years$139,641$132,973$126,645$120,639$114,941$104,651
6 years$115,200$108,582$102,348$96,476$90,949$81,088
7 years$97,749$91,187$85,051$79,318$73,966$64,537
8 years$84,667$78,164$72,130$66,538$61,362$52,364
9 years$74,498$68,056$62,126$56,676$51,675$43,103
10 years$66,367$59,988$54,163$48,855$44,030$35,876
11 years$59,718$53,404$47,684$42,519$37,867$30,124
12 years$54,182$47,932$42,318$37,295$32,815$25,472
13 years$49,501$43,317$37,809$32,925$28,615$21,662
14 years$45,493$39,374$33,971$29,228$25,084$18,508
15 years$42,022$35,969$30,671$26,066$22,086$15,876
16 years$38,987$33,001$27,808$23,339$19,520$13,663
17 years$36,313$30,392$25,304$20,970$17,307$11,790
18 years$33,938$28,084$23,100$18,898$15,389$10,199
19 years$31,816$26,028$21,147$17,076$13,717$8,839
20 years$29,908$24,186$19,407$15,466$12,252$7,674
21 years$28,185$22,529$17,851$14,036$10,964$6,673
22 years$26,620$21,030$16,452$12,762$9,828$5,809
23 years$25,193$19,669$15,191$11,623$8,822$5,063
24 years$23,887$18,428$14,049$10,601$7,929$4,416
25 years$22,688$17,294$13,012$9,681$7,135$3,856
26 years$21,582$16,254$12,068$8,852$6,427$3,369
27 years$20,560$15,296$11,206$8,102$5,795$2,945
28 years$19,613$14,414$10,418$7,423$5,229$2,576
29 years$18,733$13,598$9,695$6,807$4,721$2,254
30 years$17,913$12,842$9,030$6,248$4,266$1,973
31 years$17,147$12,140$8,419$5,738$3,857$1,728
32 years$16,431$11,487$7,855$5,273$3,489$1,514
33 years$15,760$10,878$7,334$4,849$3,157$1,327
34 years$15,129$10,310$6,852$4,462$2,859$1,163
35 years$14,536$9,779$6,407$4,107$2,589$1,019
36 years$13,976$9,281$5,993$3,783$2,346$894
37 years$13,449$8,815$5,609$3,485$2,126$784
38 years$12,950$8,378$5,253$3,212$1,928$688
39 years$12,478$7,966$4,922$2,962$1,748$603
40 years$12,031$7,579$4,613$2,732$1,585$529
41 years$11,607$7,215$4,325$2,521$1,438$464
42 years$11,204$6,871$4,057$2,326$1,305$407
43 years$10,820$6,547$3,807$2,147$1,185$357
44 years$10,456$6,240$3,574$1,983$1,075$314
45 years$10,108$5,951$3,356$1,831$976$275
46 years$9,777$5,677$3,152$1,691$886$242
47 years$9,460$5,417$2,961$1,563$805$212
48 years$9,158$5,172$2,783$1,444$731$186
49 years$8,869$4,939$2,615$1,335$664$163
50 years$8,592$4,718$2,459$1,233$603$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $8,800,000, adding $2,073 every year, while hoping to spend $26,120 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: 58/23/19 Blend
52$8,800,000$8,800,000$8,800,000$8,800,000
53$9,699,738$9,233,338$9,096,938$10,213,568
54$10,661,320$9,657,980$9,373,894$10,987,309
55$11,720,108$10,102,555$9,659,253$11,827,408
56$12,885,989$10,568,010$9,953,268$12,742,697
57$14,169,858$11,055,341$10,256,201$13,740,430
58$15,583,722$11,565,590$10,568,322$14,828,586
59$17,140,808$12,099,851$10,889,907$16,015,939
60$18,855,695$12,659,268$11,221,243$17,312,138
61$20,744,446$13,245,043$11,562,625$18,727,798
62$22,824,762$13,858,432$11,914,355$20,274,596
63$25,116,148$14,500,755$12,276,747$21,965,379
64$27,640,098$15,173,396$12,650,121$23,814,282
65$30,420,298$15,877,801$13,034,809$25,836,857
66$33,482,846$16,615,492$13,431,153$28,050,220
67$36,856,504$17,388,058$13,839,505$30,473,208
68$40,572,965$18,197,171$14,260,226$33,126,552
69$44,667,154$19,044,579$14,693,690$36,033,068
70$49,177,556$19,932,115$15,140,280$39,217,875
71$54,146,581$20,861,703$15,600,394$42,708,619
72$59,620,963$21,835,358$16,074,439$46,535,739
73$65,652,203$22,855,192$16,562,833$50,732,742
74$72,297,050$23,923,419$17,066,011$55,336,522
75$79,618,045$25,042,362$17,584,418$60,387,698
76$87,684,102$26,214,454$18,118,512$65,930,996
77$96,571,164$27,442,246$18,668,767$72,015,664
78$106,362,921$28,728,414$19,235,668$78,695,934
79$117,151,593$30,075,761$19,819,718$86,031,524
80$129,038,810$31,487,227$20,421,432$94,088,204
81$142,136,562$32,965,895$21,041,344$102,938,400
82$156,568,262$34,514,994$21,679,999$112,661,882
83$172,469,909$36,137,913$22,337,964$123,346,502
84$189,991,372$37,838,204$23,015,818$135,089,022
85$209,297,805$39,619,589$23,714,161$147,996,016
86$230,571,204$41,485,972$24,433,608$162,184,875
87$254,012,129$43,441,446$25,174,796$177,784,898
88$279,841,591$45,490,302$25,938,376$194,938,512
89$308,303,146$47,637,039$26,725,024$213,802,606
90$339,665,187$49,886,374$27,535,433$234,550,000
91$374,223,482$52,243,253$28,370,317$257,371,071
92$412,303,966$54,712,861$29,230,411$282,475,540
93$454,265,814$57,300,635$30,116,473$310,094,437
94$500,504,837$60,012,275$31,029,285$340,482,278
95$551,457,213$62,853,759$31,969,648$373,919,450
96$607,603,609$65,831,354$32,938,392$410,714,852
97$669,473,717$68,951,630$33,936,368$451,208,794
98$737,651,254$72,221,478$34,964,454$495,776,200
99$812,779,473$75,648,121$36,023,554$544,830,132
100$895,567,235$79,239,136$37,114,600$598,825,677