Can I retire at age 53 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$792,759$785,698$778,808$772,084$765,517$761,971
2 years$392,455$385,146$378,062$371,194$364,532$360,953
3 years$259,038$251,697$244,631$237,828$231,274$227,772
4 years$192,342$185,024$178,029$171,341$164,947$161,549
5 years$152,335$145,061$138,158$131,607$125,390$122,107
6 years$125,673$118,453$111,652$105,247$99,217$96,053
7 years$106,636$99,477$92,783$86,529$80,690$77,646
8 years$92,364$85,270$78,688$72,587$66,940$64,017
9 years$81,270$74,243$67,774$61,828$56,373$53,570
10 years$72,400$65,441$59,087$53,297$48,033$45,348
11 years$65,147$58,259$52,019$46,384$41,310$38,742
12 years$59,108$52,290$46,165$40,685$35,798$33,345
13 years$54,001$47,255$41,246$35,919$31,217$28,876
14 years$49,628$42,953$37,060$31,885$27,364$25,134
15 years$45,842$39,239$33,460$28,435$24,094$21,970
16 years$42,532$36,001$30,336$25,461$21,294$19,275
17 years$39,614$33,155$27,605$22,876$18,881$16,963
18 years$37,024$30,637$25,200$20,616$16,788$14,968
19 years$34,708$28,394$23,069$18,629$14,963$13,239
20 years$32,627$26,385$21,172$16,872$13,366$11,733
21 years$30,747$24,577$19,474$15,312$11,961$10,416
22 years$29,040$22,941$17,948$13,922$10,721$9,261
23 years$27,483$21,457$16,572$12,679$9,624$8,246
24 years$26,059$20,104$15,326$11,564$8,650$7,350
25 years$24,750$18,866$14,195$10,561$7,784$6,559
26 years$23,544$17,731$13,165$9,657$7,011$5,858
27 years$22,430$16,687$12,225$8,839$6,321$5,237
28 years$21,396$15,724$11,365$8,098$5,704$4,685
29 years$20,436$14,834$10,576$7,426$5,150$4,193
30 years$19,541$14,009$9,851$6,816$4,654$3,756
31 years$18,706$13,243$9,184$6,260$4,207$3,366
32 years$17,925$12,531$8,569$5,753$3,806$3,017
33 years$17,192$11,867$8,001$5,290$3,444$2,706
34 years$16,504$11,247$7,475$4,867$3,118$2,428
35 years$15,857$10,668$6,989$4,481$2,825$2,179
36 years$15,247$10,125$6,538$4,127$2,559$1,957
37 years$14,671$9,617$6,119$3,802$2,319$1,757
38 years$14,127$9,139$5,731$3,504$2,103$1,578
39 years$13,613$8,690$5,369$3,231$1,907$1,418
40 years$13,125$8,268$5,032$2,980$1,730$1,274
41 years$12,662$7,871$4,719$2,750$1,569$1,145
42 years$12,222$7,496$4,426$2,538$1,424$1,029
43 years$11,804$7,142$4,153$2,343$1,292$925
44 years$11,406$6,808$3,899$2,163$1,173$832
45 years$11,027$6,492$3,661$1,998$1,065$748
46 years$10,665$6,193$3,438$1,845$967$673
47 years$10,320$5,910$3,230$1,705$878$605
48 years$9,990$5,642$3,036$1,575$797$544
49 years$9,675$5,388$2,853$1,456$724$490
50 years$9,373$5,146$2,682$1,346$658$440

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $9,600,000, adding $3,519 every year, while hoping to spend $52,377 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: 54/41/5 Blend
52$9,600,000$9,600,000$9,600,000$9,600,000
53$10,582,830$10,074,030$9,925,230$11,142,977
54$11,606,550$10,511,929$10,201,996$11,959,372
55$12,732,934$10,969,529$10,486,279$12,841,295
56$13,972,398$11,447,741$10,778,274$13,799,777
57$15,336,420$11,947,517$11,078,184$14,842,070
58$16,837,645$12,469,856$11,386,214$15,976,137
59$18,490,008$13,015,803$11,702,575$17,210,732
60$20,308,863$13,586,451$12,027,485$18,555,473
61$22,311,126$14,182,946$12,361,165$20,020,932
62$24,515,438$14,806,488$12,703,841$21,618,729
63$26,942,341$15,458,334$13,055,748$23,361,640
64$29,614,467$16,139,799$13,417,123$25,263,713
65$32,556,757$16,852,263$13,788,210$27,340,394
66$35,796,690$17,597,169$14,169,260$29,608,671
67$39,364,550$18,376,027$14,560,528$32,087,226
68$43,293,705$19,190,423$14,962,276$34,796,613
69$47,620,923$20,042,014$15,374,772$37,759,439
70$52,386,722$20,932,538$15,798,292$41,000,577
71$57,635,749$21,863,814$16,233,117$44,547,391
72$63,417,203$22,837,748$16,679,534$48,429,996
73$69,785,298$23,856,338$17,137,838$52,681,525
74$76,799,773$24,921,674$17,608,330$57,338,445
75$84,526,461$26,035,947$18,091,321$62,440,890
76$93,037,904$27,201,452$18,587,124$68,033,031
77$102,414,042$28,420,594$19,096,063$74,163,490
78$112,742,962$29,695,892$19,618,470$80,885,787
79$124,121,738$31,029,983$20,154,682$88,258,841
80$136,657,336$32,425,634$20,705,045$96,347,514
81$150,467,634$33,885,740$21,269,914$105,223,214
82$165,682,527$35,413,335$21,849,650$114,964,566
83$182,445,155$37,011,599$22,444,624$125,658,135
84$200,913,257$38,683,863$23,055,214$137,399,240
85$221,260,653$40,433,617$23,681,808$150,292,842
86$243,678,893$42,264,517$24,324,802$164,454,519
87$268,379,057$44,180,395$24,984,600$180,011,552
88$295,593,753$46,185,267$25,661,616$197,104,109
89$325,579,309$48,283,338$26,356,273$215,886,557
90$358,618,194$50,479,017$27,069,004$236,528,905
91$395,021,684$52,776,923$27,800,249$259,218,399
92$435,132,799$55,181,895$28,550,461$284,161,269
93$479,329,544$57,699,007$29,320,101$311,584,662
94$528,028,472$60,333,573$30,109,639$341,738,772
95$581,688,621$63,091,164$30,919,557$374,899,185
96$640,815,845$65,977,615$31,750,347$411,369,459
97$705,967,588$68,999,045$32,602,510$451,483,977
98$777,758,146$72,161,863$33,476,559$495,611,077
99$856,864,471$75,472,788$34,373,017$544,156,517
100$944,032,553$78,938,861$35,292,420$597,567,278