Can I retire at age 53 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$421,153$417,402$413,742$410,169$406,681$394,137
2 years$208,492$204,609$200,846$197,197$193,658$181,129
3 years$137,614$133,714$129,960$126,346$122,864$110,744
4 years$102,182$98,294$94,578$91,025$87,628$76,010
5 years$80,928$77,064$73,396$69,916$66,613$55,528
6 years$66,764$62,928$59,315$55,912$52,709$42,166
7 years$56,650$52,847$49,291$45,969$42,866$32,866
8 years$49,068$45,300$41,803$38,562$35,562$26,097
9 years$43,175$39,442$36,005$32,846$29,948$21,008
10 years$38,462$34,766$31,390$28,314$25,517$17,090
11 years$34,610$30,950$27,635$24,641$21,946$14,015
12 years$31,401$27,779$24,525$21,614$19,018$11,568
13 years$28,688$25,104$21,912$19,082$16,584$9,597
14 years$26,365$22,819$19,688$16,939$14,537$7,995
15 years$24,353$20,846$17,775$15,106$12,800$6,683
16 years$22,595$19,125$16,116$13,526$11,312$5,602
17 years$21,045$17,614$14,665$12,153$10,030$4,707
18 years$19,669$16,276$13,387$10,952$8,919$3,962
19 years$18,439$15,084$12,255$9,896$7,949$3,341
20 years$17,333$14,017$11,247$8,963$7,101$2,820
21 years$16,334$13,056$10,345$8,135$6,354$2,384
22 years$15,427$12,188$9,535$7,396$5,696$2,017
23 years$14,601$11,399$8,804$6,736$5,113$1,707
24 years$13,844$10,680$8,142$6,144$4,595$1,447
25 years$13,149$10,023$7,541$5,611$4,135$1,226
26 years$12,508$9,420$6,994$5,130$3,725$1,040
27 years$11,916$8,865$6,495$4,696$3,358$882
28 years$11,367$8,353$6,038$4,302$3,030$749
29 years$10,857$7,881$5,618$3,945$2,736$636
30 years$10,381$7,442$5,233$3,621$2,472$540
31 years$9,938$7,035$4,879$3,325$2,235$459
32 years$9,523$6,657$4,552$3,056$2,022$390
33 years$9,133$6,304$4,250$2,810$1,830$331
34 years$8,768$5,975$3,971$2,586$1,657$281
35 years$8,424$5,667$3,713$2,380$1,501$239
36 years$8,100$5,379$3,473$2,192$1,360$203
37 years$7,794$5,109$3,251$2,020$1,232$173
38 years$7,505$4,855$3,044$1,862$1,117$147
39 years$7,232$4,617$2,852$1,717$1,013$125
40 years$6,973$4,393$2,673$1,583$919$106
41 years$6,727$4,181$2,507$1,461$834$90
42 years$6,493$3,982$2,351$1,348$756$77
43 years$6,271$3,794$2,207$1,245$686$65
44 years$6,060$3,617$2,071$1,149$623$55
45 years$5,858$3,449$1,945$1,061$566$47
46 years$5,666$3,290$1,827$980$514$40
47 years$5,483$3,140$1,716$906$466$34
48 years$5,307$2,997$1,613$837$424$29
49 years$5,140$2,862$1,516$773$385$25
50 years$4,979$2,734$1,425$715$349$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,100,000, adding $6,315 every year, while hoping to spend $39,844 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: 72/14/14 Blend
52$5,100,000$5,100,000$5,100,000$5,100,000
53$5,626,714$5,356,414$5,277,364$6,014,131
54$6,158,245$5,576,484$5,411,762$6,491,791
55$6,742,657$5,806,003$5,549,327$7,009,212
56$7,385,301$6,045,391$5,690,123$7,574,757
57$8,092,075$6,295,087$5,834,214$8,193,179
58$8,869,473$6,555,554$5,981,668$8,869,710
59$9,724,655$6,827,271$6,132,549$9,610,109
60$10,665,505$7,110,743$6,286,925$10,420,717
61$11,700,714$7,406,497$6,444,864$11,308,517
62$12,839,855$7,715,083$6,606,435$12,281,194
63$14,093,477$8,037,079$6,771,707$13,347,215
64$15,473,203$8,373,087$6,940,750$14,515,900
65$16,991,839$8,723,738$7,113,636$15,797,513
66$18,663,499$9,089,693$7,290,435$17,203,360
67$20,503,730$9,471,643$7,471,219$18,745,888
68$22,529,667$9,870,309$7,656,060$20,438,810
69$24,760,187$10,286,449$7,845,033$22,297,226
70$27,216,094$10,720,853$8,038,209$24,337,769
71$29,920,310$11,174,349$8,235,664$26,578,758
72$32,898,094$11,647,804$8,437,471$29,040,374
73$36,177,278$12,142,125$8,643,704$31,744,844
74$39,788,531$12,658,260$8,854,439$34,716,653
75$43,765,649$13,197,203$9,069,751$37,982,771
76$48,145,872$13,759,992$9,289,714$41,572,910
77$52,970,235$14,347,716$9,514,404$45,519,801
78$58,283,959$14,961,514$9,743,896$49,859,501
79$64,136,871$15,602,576$9,978,265$54,631,732
80$70,583,880$16,272,151$10,217,585$59,880,254
81$77,685,493$16,971,544$10,461,932$65,653,280
82$85,508,386$17,702,122$10,711,379$72,003,923
83$94,126,032$18,465,316$10,966,000$78,990,702
84$103,619,394$19,262,624$11,225,869$86,678,088
85$114,077,694$20,095,614$11,491,057$95,137,112
86$125,599,248$20,965,928$11,761,636$104,446,035
87$138,292,397$21,875,284$12,037,677$114,691,082
88$152,276,531$22,825,483$12,319,249$125,967,256
89$167,683,214$23,818,408$12,606,420$138,379,232
90$184,657,425$24,856,033$12,899,258$152,042,342
91$203,358,926$25,940,423$13,197,827$167,083,661
92$223,963,774$27,073,741$13,502,191$183,643,207
93$246,665,976$28,258,251$13,812,412$201,875,254
94$271,679,327$29,496,327$14,128,550$221,949,793
95$299,239,422$30,790,451$14,450,660$244,054,129
96$329,605,885$32,143,225$14,778,799$268,394,647
97$363,064,814$33,557,372$15,113,017$295,198,757
98$399,931,486$35,035,744$15,453,365$324,717,038
99$440,553,332$36,581,330$15,799,887$357,225,603
100$485,313,215$38,197,258$16,152,625$393,028,695