Can I retire at age 53 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$412,895$409,217$405,629$402,127$398,707$392,587
2 years$204,404$200,597$196,907$193,330$189,860$183,709
3 years$134,915$131,092$127,412$123,869$120,455$114,465
4 years$100,178$96,367$92,723$89,240$85,910$80,126
5 years$79,341$75,553$71,957$68,545$65,307$59,746
6 years$65,455$61,694$58,152$54,816$51,675$46,344
7 years$55,539$51,811$48,325$45,067$42,026$36,926
8 years$48,106$44,411$40,983$37,806$34,865$29,995
9 years$42,328$38,668$35,299$32,202$29,361$24,720
10 years$37,708$34,084$30,774$27,759$25,017$20,601
11 years$33,931$30,343$27,093$24,158$21,515$17,319
12 years$30,785$27,234$24,044$21,190$18,645$14,663
13 years$28,126$24,612$21,482$18,708$16,259$12,486
14 years$25,848$22,371$19,302$16,607$14,252$10,683
15 years$23,876$20,437$17,427$14,810$12,549$9,176
16 years$22,152$18,750$15,800$13,261$11,091$7,908
17 years$20,632$17,268$14,377$11,915$9,834$6,834
18 years$19,283$15,957$13,125$10,738$8,744$5,920
19 years$18,077$14,789$12,015$9,702$7,793$5,138
20 years$16,993$13,742$11,027$8,787$6,961$4,468
21 years$16,014$12,800$10,143$7,975$6,230$3,891
22 years$15,125$11,949$9,348$7,251$5,584$3,392
23 years$14,314$11,175$8,631$6,604$5,012$2,961
24 years$13,572$10,471$7,982$6,023$4,505$2,587
25 years$12,891$9,826$7,393$5,501$4,054$2,262
26 years$12,263$9,235$6,857$5,029$3,652$1,980
27 years$11,682$8,691$6,367$4,604$3,292$1,733
28 years$11,144$8,190$5,919$4,218$2,971$1,519
29 years$10,644$7,726$5,508$3,868$2,683$1,331
30 years$10,178$7,296$5,131$3,550$2,424$1,167
31 years$9,743$6,898$4,783$3,260$2,191$1,024
32 years$9,336$6,526$4,463$2,996$1,982$898
33 years$8,954$6,181$4,167$2,755$1,794$789
34 years$8,596$5,858$3,893$2,535$1,624$692
35 years$8,259$5,556$3,640$2,334$1,471$608
36 years$7,941$5,274$3,405$2,149$1,333$534
37 years$7,641$5,009$3,187$1,980$1,208$469
38 years$7,358$4,760$2,985$1,825$1,095$412
39 years$7,090$4,526$2,796$1,683$993$362
40 years$6,836$4,306$2,621$1,552$901$318
41 years$6,595$4,099$2,458$1,432$817$280
42 years$6,366$3,904$2,305$1,322$742$246
43 years$6,148$3,720$2,163$1,220$673$216
44 years$5,941$3,546$2,031$1,127$611$190
45 years$5,743$3,381$1,907$1,040$555$167
46 years$5,555$3,225$1,791$961$504$147
47 years$5,375$3,078$1,682$888$457$129
48 years$5,203$2,938$1,581$820$415$114
49 years$5,039$2,806$1,486$758$377$100
50 years$4,882$2,680$1,397$701$343$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,000,000, adding $3,505 every year, while hoping to spend $22,226 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: 61/29/10 Blend
52$5,000,000$5,000,000$5,000,000$5,000,000
53$5,513,615$5,248,615$5,171,115$5,837,190
54$6,052,356$5,482,149$5,320,699$6,288,020
55$6,645,303$5,726,381$5,474,550$6,776,869
56$7,297,962$5,981,812$5,632,786$7,309,719
57$8,016,400$6,248,967$5,795,530$7,890,821
58$8,807,301$6,528,395$5,962,908$8,524,849
59$9,678,031$6,820,671$6,135,051$9,216,943
60$10,636,705$7,126,399$6,312,090$9,972,755
61$11,692,267$7,446,210$6,494,163$10,798,503
62$12,854,570$7,780,767$6,681,409$11,701,028
63$14,134,474$8,130,762$6,873,974$12,687,855
64$15,543,943$8,496,922$7,072,005$13,767,263
65$17,096,163$8,880,008$7,275,654$14,948,362
66$18,805,660$9,280,818$7,485,078$16,241,179
67$20,688,446$9,700,186$7,700,436$17,656,745
68$22,762,161$10,138,989$7,921,895$19,207,202
69$25,046,245$10,598,143$8,149,622$20,905,916
70$27,562,120$11,078,610$8,383,791$22,767,596
71$30,333,390$11,581,396$8,624,582$24,808,435
72$33,386,068$12,107,556$8,872,178$27,046,259
73$36,748,817$12,658,196$9,126,766$29,500,692
74$40,453,223$13,234,475$9,388,540$32,193,339
75$44,534,094$13,837,606$9,657,698$35,147,988
76$49,029,785$14,468,862$9,934,444$38,390,832
77$53,982,562$15,129,576$10,218,987$41,950,709
78$59,439,003$15,821,144$10,511,542$45,859,376
79$65,450,432$16,545,032$10,812,330$50,151,805
80$72,073,410$17,302,772$11,121,577$54,866,504
81$79,370,263$18,095,973$11,439,515$60,045,887
82$87,409,674$18,926,320$11,766,383$65,736,659
83$96,267,330$19,795,578$12,102,426$71,990,261
84$106,026,635$20,705,600$12,447,895$78,863,349
85$116,779,501$21,658,323$12,803,049$86,418,324
86$128,627,211$22,655,782$13,168,152$94,723,918
87$141,681,378$23,700,106$13,543,476$103,855,834
88$156,064,997$24,793,530$13,929,300$113,897,461
89$171,913,606$25,938,392$14,325,912$124,940,652
90$189,376,568$27,137,148$14,733,604$137,086,589
91$208,618,477$28,392,367$15,152,679$150,446,728
92$229,820,714$29,706,746$15,583,446$165,143,850
93$253,183,159$31,083,108$16,026,223$181,313,210
94$278,926,076$32,524,415$16,481,336$199,103,808
95$307,292,195$34,033,770$16,949,120$218,679,793
96$338,549,001$35,614,427$17,429,918$240,221,997
97$372,991,261$37,269,796$17,924,082$263,929,643
98$410,943,805$39,003,451$18,431,974$290,022,214
99$452,764,592$40,819,140$18,953,965$318,741,514
100$498,848,092$42,720,789$19,490,434$350,353,950