Can I retire at age 53 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$776,243$769,329$762,583$755,999$749,569$732,639
2 years$384,279$377,122$370,186$363,461$356,938$339,972
3 years$253,641$246,453$239,535$232,873$226,456$209,984
4 years$188,335$181,169$174,320$167,772$161,510$145,659
5 years$149,162$142,039$135,279$128,865$122,778$107,592
6 years$123,055$115,985$109,326$103,054$97,150$82,645
7 years$104,414$97,404$90,850$84,727$79,009$65,187
8 years$90,440$83,494$77,048$71,075$65,545$52,402
9 years$79,577$72,696$66,362$60,540$55,199$42,724
10 years$70,892$64,078$57,856$52,186$47,032$35,213
11 years$63,790$57,045$50,935$45,418$40,449$29,269
12 years$57,876$51,201$45,204$39,837$35,052$24,494
13 years$52,876$46,270$40,386$35,170$30,566$20,610
14 years$48,594$42,058$36,287$31,220$26,794$17,420
15 years$44,887$38,421$32,763$27,843$23,592$14,778
16 years$41,646$35,251$29,704$24,930$20,850$12,575
17 years$38,789$32,465$27,030$22,400$18,487$10,728
18 years$36,252$29,999$24,675$20,187$16,438$9,172
19 years$33,985$27,802$22,588$18,240$14,652$7,856
20 years$31,948$25,835$20,730$16,520$13,087$6,739
21 years$30,106$24,065$19,068$14,993$11,712$5,789
22 years$28,435$22,463$17,574$13,632$10,498$4,978
23 years$26,911$21,010$16,227$12,415$9,423$4,285
24 years$25,516$19,685$15,007$11,323$8,470$3,691
25 years$24,235$18,473$13,899$10,341$7,622$3,182
26 years$23,054$17,362$12,891$9,455$6,865$2,744
27 years$21,962$16,339$11,970$8,655$6,190$2,368
28 years$20,951$15,397$11,128$7,930$5,585$2,045
29 years$20,010$14,525$10,356$7,272$5,043$1,766
30 years$19,134$13,717$9,646$6,674$4,557$1,526
31 years$18,317$12,967$8,993$6,129$4,120$1,319
32 years$17,551$12,270$8,390$5,633$3,727$1,140
33 years$16,834$11,620$7,834$5,180$3,373$986
34 years$16,160$11,013$7,320$4,766$3,054$852
35 years$15,527$10,445$6,843$4,387$2,766$737
36 years$14,929$9,914$6,402$4,041$2,506$638
37 years$14,366$9,416$5,992$3,723$2,271$552
38 years$13,833$8,949$5,611$3,431$2,059$477
39 years$13,329$8,509$5,257$3,164$1,867$413
40 years$12,851$8,096$4,927$2,918$1,694$358
41 years$12,398$7,707$4,620$2,692$1,536$309
42 years$11,968$7,340$4,334$2,485$1,394$268
43 years$11,558$6,993$4,067$2,294$1,265$232
44 years$11,169$6,666$3,818$2,118$1,149$201
45 years$10,797$6,357$3,585$1,956$1,043$174
46 years$10,443$6,064$3,367$1,807$947$150
47 years$10,105$5,787$3,163$1,669$860$130
48 years$9,782$5,524$2,972$1,542$781$113
49 years$9,473$5,275$2,794$1,425$709$98
50 years$9,178$5,039$2,627$1,318$644$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $9,400,000, adding $6,030 every year, while hoping to spend $50,919 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: 48/44/8 Blend
52$9,400,000$9,400,000$9,400,000$9,400,000
53$10,365,020$9,866,820$9,721,120$10,840,097
54$11,368,075$10,296,117$9,992,600$11,595,686
55$12,471,734$10,744,742$10,271,468$12,409,727
56$13,686,207$11,213,590$10,557,918$13,292,349
57$15,022,740$11,703,596$10,852,148$14,249,948
58$16,493,726$12,215,739$11,154,362$15,289,550
59$18,112,821$12,751,045$11,464,768$16,418,868
60$19,895,071$13,310,589$11,783,580$17,646,375
61$21,857,054$13,895,494$12,111,016$18,981,378
62$24,017,040$14,506,939$12,447,301$20,434,101
63$26,395,156$15,146,158$12,792,664$22,015,783
64$29,013,585$15,814,442$13,147,341$23,738,770
65$31,896,767$16,513,146$13,511,573$25,616,636
66$35,071,632$17,243,685$13,885,606$27,664,301
67$38,567,857$18,007,545$14,269,693$29,898,170
68$42,418,144$18,806,279$14,664,093$32,336,277
69$46,658,525$19,641,518$15,069,070$34,998,458
70$51,328,708$20,514,965$15,484,897$37,906,526
71$56,472,446$21,428,409$15,911,851$41,084,472
72$62,137,954$22,383,719$16,350,217$44,558,688
73$68,378,362$23,382,858$16,800,285$48,358,207
74$75,252,215$24,427,877$17,262,355$52,514,968
75$82,824,027$25,520,930$17,736,730$57,064,117
76$91,164,891$26,664,269$18,223,724$62,044,324
77$100,353,147$27,860,254$18,723,655$67,498,144
78$110,475,122$29,111,361$19,236,852$73,472,411
79$121,625,945$30,420,179$19,763,648$80,018,668
80$133,910,448$31,789,424$20,304,386$87,193,646
81$147,444,147$33,221,939$20,859,416$95,059,793
82$162,354,341$34,720,705$21,429,098$103,685,850
83$178,781,308$36,288,844$22,013,797$113,147,489
84$196,879,630$37,929,626$22,613,888$123,528,019
85$216,819,654$39,646,480$23,229,755$134,919,162
86$238,789,097$41,442,995$23,861,790$147,421,902
87$262,994,819$43,322,936$24,510,394$161,147,430
88$289,664,776$45,290,245$25,175,977$176,218,179
89$319,050,169$47,349,053$25,858,958$192,768,968
90$351,427,820$49,503,690$26,559,767$210,948,257
91$387,102,779$51,758,692$27,278,840$230,919,536
92$426,411,207$54,118,813$28,016,626$252,862,853
93$469,723,549$56,589,034$28,773,582$276,976,496
94$517,448,029$59,174,575$29,550,175$303,478,847
95$570,034,506$61,880,907$30,346,884$332,610,428
96$627,978,717$64,713,763$31,164,196$364,636,152
97$691,826,959$67,679,150$32,002,610$399,847,802
98$762,181,246$70,783,366$32,862,634$438,566,768
99$839,704,991$74,033,008$33,744,790$481,147,058
100$925,129,267$77,434,992$34,649,607$527,978,618