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%12.6%
1 years$412,895$409,217$405,629$402,127$398,707$394,379
2 years$204,404$200,597$196,907$193,330$189,860$185,503
3 years$134,915$131,092$127,412$123,869$120,455$116,203
4 years$100,178$96,367$92,723$89,240$85,910$81,796
5 years$79,341$75,553$71,957$68,545$65,307$61,344
6 years$65,455$61,694$58,152$54,816$51,675$47,867
7 years$55,539$51,811$48,325$45,067$42,026$38,374
8 years$48,106$44,411$40,983$37,806$34,865$31,369
9 years$42,328$38,668$35,299$32,202$29,361$26,021
10 years$37,708$34,084$30,774$27,759$25,017$21,830
11 years$33,931$30,343$27,093$24,158$21,515$18,479
12 years$30,785$27,234$24,044$21,190$18,645$15,755
13 years$28,126$24,612$21,482$18,708$16,259$13,513
14 years$25,848$22,371$19,302$16,607$14,252$11,646
15 years$23,876$20,437$17,427$14,810$12,549$10,079
16 years$22,152$18,750$15,800$13,261$11,091$8,752
17 years$20,632$17,268$14,377$11,915$9,834$7,623
18 years$19,283$15,957$13,125$10,738$8,744$6,656
19 years$18,077$14,789$12,015$9,702$7,793$5,823
20 years$16,993$13,742$11,027$8,787$6,961$5,105
21 years$16,014$12,800$10,143$7,975$6,230$4,482
22 years$15,125$11,949$9,348$7,251$5,584$3,941
23 years$14,314$11,175$8,631$6,604$5,012$3,469
24 years$13,572$10,471$7,982$6,023$4,505$3,057
25 years$12,891$9,826$7,393$5,501$4,054$2,696
26 years$12,263$9,235$6,857$5,029$3,652$2,380
27 years$11,682$8,691$6,367$4,604$3,292$2,103
28 years$11,144$8,190$5,919$4,218$2,971$1,858
29 years$10,644$7,726$5,508$3,868$2,683$1,644
30 years$10,178$7,296$5,131$3,550$2,424$1,454
31 years$9,743$6,898$4,783$3,260$2,191$1,287
32 years$9,336$6,526$4,463$2,996$1,982$1,140
33 years$8,954$6,181$4,167$2,755$1,794$1,010
34 years$8,596$5,858$3,893$2,535$1,624$895
35 years$8,259$5,556$3,640$2,334$1,471$793
36 years$7,941$5,274$3,405$2,149$1,333$703
37 years$7,641$5,009$3,187$1,980$1,208$623
38 years$7,358$4,760$2,985$1,825$1,095$553
39 years$7,090$4,526$2,796$1,683$993$490
40 years$6,836$4,306$2,621$1,552$901$435
41 years$6,595$4,099$2,458$1,432$817$386
42 years$6,366$3,904$2,305$1,322$742$342
43 years$6,148$3,720$2,163$1,220$673$304
44 years$5,941$3,546$2,031$1,127$611$270
45 years$5,743$3,381$1,907$1,040$555$239
46 years$5,555$3,225$1,791$961$504$213
47 years$5,375$3,078$1,682$888$457$189
48 years$5,203$2,938$1,581$820$415$167
49 years$5,039$2,806$1,486$758$377$149
50 years$4,882$2,680$1,397$701$343$132

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 $4,255 every year, while hoping to spend $20,135 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: 49/31/20 Blend
52$5,000,000$5,000,000$5,000,000$5,000,000
53$5,514,389$5,249,389$5,171,889$5,753,423
54$6,055,433$5,485,186$5,323,724$6,155,494
55$6,650,989$5,731,861$5,479,970$6,589,643
56$7,306,596$5,989,928$5,640,755$7,060,862
57$8,028,356$6,259,922$5,806,208$7,572,649
58$8,822,995$6,542,405$5,976,463$8,128,844
59$9,697,924$6,837,966$6,151,657$8,733,668
60$10,661,307$7,147,221$6,331,932$9,391,762
61$11,722,142$7,470,817$6,517,434$10,108,224
62$12,890,344$7,809,431$6,708,312$10,888,658
63$14,176,838$8,163,772$6,904,719$11,739,227
64$15,593,662$8,534,583$7,106,814$12,666,705
65$17,154,082$8,922,644$7,314,758$13,678,542
66$18,872,715$9,328,771$7,528,720$14,782,932
67$20,765,670$9,753,818$7,748,870$15,988,886
68$22,850,697$10,198,684$7,975,385$17,306,318
69$25,147,354$10,664,305$8,208,447$18,746,131
70$27,677,196$11,151,668$8,448,242$20,320,324
71$30,463,973$11,661,803$8,694,961$22,042,095
72$33,533,858$12,195,792$8,948,802$23,925,970
73$36,915,692$12,754,766$9,209,968$25,987,934
74$40,641,257$13,339,914$9,478,666$28,245,576
75$44,745,575$13,952,479$9,755,110$30,718,256
76$49,267,238$14,593,765$10,039,521$33,427,285
77$54,248,776$15,265,139$10,332,125$36,396,117
78$59,737,054$15,968,034$10,633,154$39,650,573
79$65,783,715$16,703,949$10,942,846$43,219,078
80$72,445,671$17,474,459$11,261,448$47,132,923
81$79,785,635$18,281,213$11,589,212$51,426,562
82$87,872,716$19,125,939$11,926,397$56,137,929
83$96,783,071$20,010,448$12,273,269$61,308,790
84$106,600,623$20,936,639$12,630,103$66,985,136
85$117,417,854$21,906,502$12,997,179$73,217,612
86$129,336,679$22,922,124$13,374,788$80,061,988
87$142,469,402$23,985,690$13,763,225$87,579,678
88$156,939,785$25,099,493$14,162,798$95,838,320
89$172,884,211$26,265,936$14,573,819$104,912,403
90$190,452,970$27,487,536$14,996,611$114,883,968
91$209,811,681$28,766,933$15,431,506$125,843,373
92$231,142,854$30,106,895$15,878,843$137,890,140
93$254,647,614$31,510,322$16,338,974$151,133,887
94$280,547,598$32,980,255$16,812,256$165,695,358
95$309,087,047$34,519,881$17,299,061$181,707,551
96$340,535,113$36,132,542$17,799,766$199,316,968
97$375,188,399$37,821,741$18,314,763$218,684,988
98$413,373,759$39,591,150$18,844,451$239,989,383
99$455,451,384$41,444,619$19,389,242$263,425,987
100$501,818,203$43,386,182$19,949,559$289,210,532