Can I retire at age 53 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$801,017$793,882$786,921$780,126$773,492$767,973
2 years$396,543$389,158$382,000$375,061$368,329$362,765
3 years$261,736$254,319$247,180$240,305$233,683$228,245
4 years$194,346$186,951$179,883$173,126$166,665$161,395
5 years$153,922$146,572$139,597$132,978$126,696$121,609
6 years$126,982$119,687$112,815$106,343$100,250$95,354
7 years$107,746$100,513$93,750$87,431$81,530$76,826
8 years$93,326$86,158$79,507$73,343$67,637$63,125
9 years$82,117$75,016$68,480$62,472$56,960$52,640
10 years$73,154$66,123$59,702$53,852$48,533$44,401
11 years$65,826$58,866$52,561$46,867$41,740$37,794
12 years$59,723$52,835$46,646$41,109$36,171$32,408
13 years$54,564$47,747$41,675$36,293$31,542$27,957
14 years$50,145$43,401$37,446$32,217$27,649$24,239
15 years$46,319$39,647$33,808$28,732$24,345$21,104
16 years$42,975$36,376$30,652$25,726$21,516$18,439
17 years$40,027$33,501$27,892$23,115$19,078$16,161
18 years$37,409$30,956$25,462$20,831$16,963$14,200
19 years$35,070$28,690$23,309$18,823$15,119$12,506
20 years$32,967$26,660$21,392$17,047$13,505$11,035
21 years$31,067$24,833$19,677$15,472$12,085$9,754
22 years$29,342$23,180$18,135$14,067$10,833$8,634
23 years$27,770$21,680$16,744$12,811$9,724$7,653
24 years$26,330$20,313$15,486$11,685$8,740$6,790
25 years$25,008$19,063$14,343$10,671$7,865$6,031
26 years$23,790$17,916$13,302$9,757$7,084$5,362
27 years$22,663$16,861$12,352$8,931$6,387$4,770
28 years$21,619$15,888$11,483$8,183$5,763$4,247
29 years$20,649$14,988$10,686$7,504$5,204$3,784
30 years$19,745$14,155$9,954$6,887$4,702$3,372
31 years$18,901$13,381$9,280$6,325$4,251$3,007
32 years$18,111$12,661$8,658$5,813$3,846$2,683
33 years$17,371$11,990$8,084$5,345$3,480$2,394
34 years$16,676$11,364$7,553$4,918$3,151$2,138
35 years$16,022$10,779$7,062$4,527$2,854$1,909
36 years$15,406$10,231$6,606$4,170$2,586$1,705
37 years$14,824$9,717$6,183$3,842$2,344$1,524
38 years$14,275$9,234$5,790$3,541$2,125$1,362
39 years$13,754$8,781$5,425$3,265$1,927$1,217
40 years$13,261$8,354$5,085$3,011$1,748$1,088
41 years$12,794$7,953$4,768$2,778$1,586$973
42 years$12,350$7,574$4,472$2,564$1,439$870
43 years$11,927$7,216$4,197$2,367$1,306$778
44 years$11,525$6,879$3,939$2,186$1,185$696
45 years$11,142$6,559$3,699$2,018$1,076$622
46 years$10,776$6,257$3,474$1,864$977$557
47 years$10,428$5,971$3,264$1,723$887$498
48 years$10,094$5,701$3,067$1,592$806$446
49 years$9,776$5,444$2,883$1,471$732$399
50 years$9,471$5,200$2,710$1,360$665$357

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $9,700,000, adding $6,608 every year, while hoping to spend $58,564 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: 66/6/28 Blend
52$9,700,000$9,700,000$9,700,000$9,700,000
53$10,696,216$10,182,116$10,031,766$11,322,884
54$11,724,919$10,618,728$10,305,519$12,183,284
55$12,856,586$11,074,771$10,586,479$13,116,532
56$14,101,658$11,551,136$10,874,827$14,135,684
57$15,471,640$12,048,754$11,170,746$15,249,219
58$16,979,206$12,568,601$11,474,424$16,466,471
59$18,638,321$13,111,699$11,786,054$17,797,717
60$20,464,374$13,679,117$12,105,831$19,254,275
61$22,474,320$14,271,973$12,433,956$20,848,604
62$24,686,841$14,891,441$12,770,635$22,594,427
63$27,122,525$15,538,747$13,116,077$24,506,854
64$29,804,053$16,215,177$13,470,496$26,602,526
65$32,756,421$16,922,075$13,834,112$28,899,771
66$36,007,169$17,660,850$14,207,148$31,418,773
67$39,586,646$18,432,977$14,589,833$34,181,764
68$43,528,292$19,240,001$14,982,401$37,213,231
69$47,868,956$20,083,539$15,385,089$40,540,146
70$52,649,242$20,965,285$15,798,142$44,192,219
71$57,913,893$21,887,013$16,221,809$48,202,176
72$63,712,214$22,850,579$16,656,342$52,606,068
73$70,098,532$23,857,931$17,102,003$57,443,606
74$77,132,717$24,911,104$17,559,054$62,758,539
75$84,880,739$26,012,233$18,027,767$68,599,063
76$93,415,295$27,163,552$18,508,418$75,018,270
77$102,816,492$28,367,403$19,001,287$82,074,655
78$113,172,605$29,626,237$19,506,661$89,832,658
79$124,580,910$30,942,622$20,024,833$98,363,278
80$137,148,600$32,319,248$20,556,102$107,744,733
81$150,993,798$33,758,932$21,100,773$118,063,203
82$166,246,672$35,264,626$21,659,155$129,413,638
83$183,050,662$36,839,421$22,231,566$141,900,649
84$201,563,833$38,486,557$22,818,327$155,639,501
85$221,960,371$40,209,425$23,419,768$170,757,190
86$244,432,222$42,011,581$24,036,224$187,393,643
87$269,190,907$43,896,746$24,668,036$205,703,038
88$296,469,516$45,868,823$25,315,551$225,855,251
89$326,524,908$47,931,897$25,979,124$248,037,462
90$359,640,138$50,090,250$26,659,114$272,455,917
91$396,127,128$52,348,367$27,355,890$299,337,870
92$436,329,607$54,710,949$28,069,824$328,933,728
93$480,626,360$57,182,919$28,801,296$361,519,410
94$529,434,802$59,769,436$29,550,693$397,398,947
95$583,214,920$62,475,905$30,318,409$436,907,349
96$642,473,609$65,307,992$31,104,843$480,413,766
97$707,769,463$68,271,630$31,910,401$528,324,965
98$779,718,046$71,373,038$32,735,498$581,089,171
99$858,997,702$74,618,732$33,580,552$639,200,288
100$946,355,957$78,015,540$34,445,991$703,202,561