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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$412,895$409,217$405,629$402,127$398,707$390,657
2 years$204,404$200,597$196,907$193,330$189,860$181,785
3 years$134,915$131,092$127,412$123,869$120,455$112,607
4 years$100,178$96,367$92,723$89,240$85,910$78,349
5 years$79,341$75,553$71,957$68,545$65,307$58,055
6 years$65,455$61,694$58,152$54,816$51,675$44,740
7 years$55,539$51,811$48,325$45,067$42,026$35,409
8 years$48,106$44,411$40,983$37,806$34,865$28,564
9 years$42,328$38,668$35,299$32,202$29,361$23,373
10 years$37,708$34,084$30,774$27,759$25,017$19,335
11 years$33,931$30,343$27,093$24,158$21,515$16,133
12 years$30,785$27,234$24,044$21,190$18,645$13,553
13 years$28,126$24,612$21,482$18,708$16,259$11,450
14 years$25,848$22,371$19,302$16,607$14,252$9,717
15 years$23,876$20,437$17,427$14,810$12,549$8,278
16 years$22,152$18,750$15,800$13,261$11,091$7,074
17 years$20,632$17,268$14,377$11,915$9,834$6,061
18 years$19,283$15,957$13,125$10,738$8,744$5,205
19 years$18,077$14,789$12,015$9,702$7,793$4,478
20 years$16,993$13,742$11,027$8,787$6,961$3,859
21 years$16,014$12,800$10,143$7,975$6,230$3,330
22 years$15,125$11,949$9,348$7,251$5,584$2,877
23 years$14,314$11,175$8,631$6,604$5,012$2,488
24 years$13,572$10,471$7,982$6,023$4,505$2,153
25 years$12,891$9,826$7,393$5,501$4,054$1,865
26 years$12,263$9,235$6,857$5,029$3,652$1,616
27 years$11,682$8,691$6,367$4,604$3,292$1,402
28 years$11,144$8,190$5,919$4,218$2,971$1,216
29 years$10,644$7,726$5,508$3,868$2,683$1,056
30 years$10,178$7,296$5,131$3,550$2,424$917
31 years$9,743$6,898$4,783$3,260$2,191$796
32 years$9,336$6,526$4,463$2,996$1,982$692
33 years$8,954$6,181$4,167$2,755$1,794$601
34 years$8,596$5,858$3,893$2,535$1,624$522
35 years$8,259$5,556$3,640$2,334$1,471$454
36 years$7,941$5,274$3,405$2,149$1,333$395
37 years$7,641$5,009$3,187$1,980$1,208$343
38 years$7,358$4,760$2,985$1,825$1,095$299
39 years$7,090$4,526$2,796$1,683$993$260
40 years$6,836$4,306$2,621$1,552$901$226
41 years$6,595$4,099$2,458$1,432$817$196
42 years$6,366$3,904$2,305$1,322$742$171
43 years$6,148$3,720$2,163$1,220$673$149
44 years$5,941$3,546$2,031$1,127$611$129
45 years$5,743$3,381$1,907$1,040$555$113
46 years$5,555$3,225$1,791$961$504$98
47 years$5,375$3,078$1,682$888$457$85
48 years$5,203$2,938$1,581$820$415$74
49 years$5,039$2,806$1,486$758$377$65
50 years$4,882$2,680$1,397$701$343$56

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 $6,072 every year, while hoping to spend $58,921 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: 38/34/28 Blend
52$5,000,000$5,000,000$5,000,000$5,000,000
53$5,516,263$5,251,263$5,173,763$5,679,684
54$6,016,231$5,445,884$5,284,393$5,994,946
55$6,565,220$5,648,066$5,396,754$6,329,594
56$7,168,169$5,858,118$5,510,842$6,690,148
57$7,830,518$6,076,361$5,626,651$7,079,001
58$8,558,259$6,303,131$5,744,172$7,498,779
59$9,357,994$6,538,777$5,863,394$7,952,367
60$10,236,996$6,783,664$5,984,304$8,442,937
61$11,203,278$7,038,171$6,106,886$8,973,977
62$12,265,666$7,302,696$6,231,121$9,549,318
63$13,433,888$7,577,651$6,356,987$10,173,175
64$14,718,657$7,863,469$6,484,459$10,850,182
65$16,131,780$8,160,599$6,613,509$11,585,435
66$17,686,264$8,469,511$6,744,104$12,384,538
67$19,396,440$8,790,694$6,876,208$13,253,659
68$21,278,099$9,124,660$7,009,783$14,199,580
69$23,348,638$9,471,941$7,144,784$15,229,765
70$25,627,228$9,833,095$7,281,163$16,352,425
71$28,134,990$10,208,702$7,418,867$17,576,598
72$30,895,198$10,599,368$7,557,838$18,912,230
73$33,933,497$11,005,725$7,698,014$20,370,267
74$37,278,141$11,428,434$7,839,326$21,962,758
75$40,960,268$11,868,183$7,981,699$23,702,964
76$45,014,184$12,325,693$8,125,055$25,605,487
77$49,477,692$12,801,713$8,269,306$27,686,400
78$54,392,449$13,297,029$8,414,359$29,963,399
79$59,804,353$13,812,458$8,560,115$32,455,969
80$65,763,983$14,348,855$8,706,465$35,185,564
81$72,327,073$14,907,112$8,853,295$38,175,808
82$79,555,036$15,488,162$9,000,482$41,452,715
83$87,515,545$16,092,977$9,147,893$45,044,934
84$96,283,171$16,722,574$9,295,388$48,984,014
85$105,940,088$17,378,013$9,442,818$53,304,701
86$116,576,846$18,060,405$9,590,021$58,045,264
87$128,293,225$18,770,905$9,736,827$63,247,850
88$141,199,180$19,510,725$9,883,057$68,958,884
89$155,415,873$20,281,128$10,028,516$75,229,499
90$171,076,822$21,083,433$10,173,001$82,116,018
91$188,329,157$21,919,020$10,316,295$89,680,483
92$207,335,008$22,789,329$10,458,169$97,991,236
93$228,273,039$23,695,867$10,598,377$107,123,561
94$251,340,130$24,640,205$10,736,664$117,160,390
95$276,753,236$25,623,987$10,872,755$128,193,083
96$304,751,436$26,648,932$11,006,362$140,322,285
97$335,598,187$27,716,835$11,137,180$153,658,876
98$369,583,813$28,829,571$11,264,886$168,325,006
99$407,028,243$29,989,102$11,389,141$184,455,252
100$448,284,032$31,197,476$11,509,586$202,197,876