Can I retire at age 53 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$767,985$761,144$754,470$747,956$741,595$718,431
2 years$380,191$373,110$366,248$359,594$353,141$330,010
3 years$250,943$243,832$236,987$230,396$224,047$201,675
4 years$186,331$179,242$172,466$165,987$159,792$138,350
5 years$147,575$140,528$133,840$127,494$121,471$101,017
6 years$121,745$114,752$108,163$101,958$96,116$76,667
7 years$103,303$96,368$89,884$83,825$78,168$59,723
8 years$89,478$82,605$76,229$70,319$64,848$47,394
9 years$78,730$71,923$65,656$59,896$54,611$38,130
10 years$70,137$63,396$57,240$51,631$46,532$30,998
11 years$63,111$56,438$50,393$44,934$40,019$25,405
12 years$57,261$50,656$44,723$39,414$34,679$20,955
13 years$52,314$45,778$39,957$34,796$30,241$17,373
14 years$48,077$41,611$35,901$30,888$26,509$14,463
15 years$44,409$38,012$32,414$27,547$23,341$12,082
16 years$41,203$34,876$29,388$24,665$20,629$10,120
17 years$38,376$32,119$26,742$22,162$18,291$8,497
18 years$35,867$29,680$24,412$19,972$16,263$7,147
19 years$33,624$27,507$22,348$18,046$14,496$6,021
20 years$31,608$25,561$20,510$16,344$12,948$5,080
21 years$29,786$23,809$18,865$14,834$11,587$4,290
22 years$28,132$22,225$17,387$13,487$10,386$3,627
23 years$26,625$20,786$16,054$12,283$9,323$3,068
24 years$25,245$19,475$14,847$11,203$8,380$2,597
25 years$23,977$18,277$13,752$10,231$7,541$2,200
26 years$22,809$17,177$12,754$9,355$6,792$1,864
27 years$21,729$16,166$11,843$8,563$6,124$1,580
28 years$20,728$15,233$11,010$7,845$5,526$1,340
29 years$19,797$14,370$10,245$7,194$4,990$1,137
30 years$18,931$13,571$9,543$6,603$4,508$965
31 years$18,122$12,829$8,897$6,064$4,076$819
32 years$17,365$12,139$8,301$5,573$3,687$695
33 years$16,655$11,496$7,751$5,125$3,337$590
34 years$15,988$10,896$7,242$4,715$3,021$501
35 years$15,361$10,334$6,771$4,341$2,736$425
36 years$14,771$9,809$6,334$3,998$2,479$361
37 years$14,213$9,316$5,928$3,683$2,247$307
38 years$13,686$8,854$5,551$3,395$2,037$260
39 years$13,187$8,419$5,201$3,130$1,847$221
40 years$12,715$8,010$4,875$2,887$1,676$188
41 years$12,266$7,625$4,571$2,664$1,520$160
42 years$11,840$7,261$4,288$2,458$1,379$136
43 years$11,435$6,919$4,024$2,269$1,252$115
44 years$11,050$6,595$3,777$2,095$1,136$98
45 years$10,682$6,289$3,546$1,935$1,032$83
46 years$10,332$5,999$3,331$1,788$937$71
47 years$9,998$5,725$3,129$1,651$850$60
48 years$9,678$5,466$2,941$1,526$772$51
49 years$9,372$5,219$2,764$1,410$701$43
50 years$9,080$4,986$2,599$1,304$637$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $9,300,000, adding $2,369 every year, while hoping to spend $40,804 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: 84/5/11 Blend
52$9,300,000$9,300,000$9,300,000$9,300,000
53$10,251,044$9,758,144$9,613,994$11,093,743
54$11,253,235$10,192,878$9,892,647$12,080,143
55$12,356,282$10,647,546$10,179,268$13,157,769
56$13,570,430$11,123,082$10,474,080$14,340,268
57$14,906,965$11,620,465$10,777,314$15,638,166
58$16,378,326$12,140,718$11,089,204$17,063,058
59$17,998,218$12,684,916$11,409,995$18,627,714
60$19,781,741$13,254,182$11,739,935$20,346,200
61$21,745,537$13,849,695$12,079,281$22,234,011
62$23,907,941$14,472,689$12,428,296$24,308,215
63$26,289,157$15,124,457$12,787,250$26,587,613
64$28,911,449$15,806,354$13,156,422$29,092,917
65$31,799,351$16,519,799$13,536,095$31,846,944
66$34,979,895$17,266,279$13,926,564$34,874,830
67$38,482,870$18,047,352$14,328,130$38,204,265
68$42,341,101$18,864,652$14,741,101$41,865,757
69$46,590,762$19,719,888$15,165,796$45,892,915
70$51,271,709$20,614,852$15,602,541$50,322,767
71$56,427,868$21,551,424$16,051,670$55,196,109
72$62,107,637$22,531,571$16,513,528$60,557,885
73$68,364,353$23,557,355$16,988,468$66,457,618
74$75,256,789$24,630,937$17,476,853$72,949,865
75$82,849,710$25,754,581$17,979,057$80,094,742
76$91,214,486$26,930,662$18,495,461$87,958,482
77$100,429,764$28,161,664$19,026,459$96,614,061
78$110,582,209$29,450,195$19,572,454$106,141,888
79$121,767,325$30,798,985$20,133,862$116,630,557
80$134,090,353$32,210,896$20,711,107$128,177,689
81$147,667,267$33,688,927$21,304,627$140,890,845
82$162,625,866$35,236,223$21,914,870$154,888,543
83$179,106,984$36,856,077$22,542,297$170,301,373
84$197,265,813$38,551,943$23,187,382$187,273,232
85$217,273,376$40,327,438$23,850,609$205,962,675
86$239,318,134$42,186,355$24,532,478$226,544,413
87$263,607,767$44,132,670$25,233,499$249,210,960
88$290,371,137$46,170,549$25,954,199$274,174,445
89$319,860,446$48,304,358$26,695,117$301,668,618
90$352,353,614$50,538,675$27,456,807$331,951,048
91$388,156,909$52,878,296$28,239,836$365,305,558
92$427,607,831$55,328,251$29,044,788$402,044,894
93$471,078,304$57,893,809$29,872,263$442,513,684
94$518,978,181$60,580,495$30,722,873$487,091,682
95$571,759,116$63,394,100$31,597,251$536,197,349
96$629,918,830$66,340,695$32,496,042$590,291,809
97$694,005,803$69,426,642$33,419,912$649,883,189
98$764,624,459$72,658,611$34,369,543$715,531,417
99$842,440,864$76,043,593$35,345,633$787,853,508
100$928,189,020$79,588,917$36,348,900$867,529,377