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

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$421,153$417,402$413,742$410,169$406,681$397,820
2 years$208,492$204,609$200,846$197,197$193,658$184,775
3 years$137,614$133,714$129,960$126,346$122,864$114,237
4 years$102,182$98,294$94,578$91,025$87,628$79,323
5 years$80,928$77,064$73,396$69,916$66,613$58,653
6 years$66,764$62,928$59,315$55,912$52,709$45,103
7 years$56,650$52,847$49,291$45,969$42,866$35,616
8 years$49,068$45,300$41,803$38,562$35,562$28,664
9 years$43,175$39,442$36,005$32,846$29,948$23,398
10 years$38,462$34,766$31,390$28,314$25,517$19,308
11 years$34,610$30,950$27,635$24,641$21,946$16,070
12 years$31,401$27,779$24,525$21,614$19,018$13,466
13 years$28,688$25,104$21,912$19,082$16,584$11,346
14 years$26,365$22,819$19,688$16,939$14,537$9,603
15 years$24,353$20,846$17,775$15,106$12,800$8,158
16 years$22,595$19,125$16,116$13,526$11,312$6,951
17 years$21,045$17,614$14,665$12,153$10,030$5,939
18 years$19,669$16,276$13,387$10,952$8,919$5,085
19 years$18,439$15,084$12,255$9,896$7,949$4,362
20 years$17,333$14,017$11,247$8,963$7,101$3,747
21 years$16,334$13,056$10,345$8,135$6,354$3,224
22 years$15,427$12,188$9,535$7,396$5,696$2,777
23 years$14,601$11,399$8,804$6,736$5,113$2,394
24 years$13,844$10,680$8,142$6,144$4,595$2,065
25 years$13,149$10,023$7,541$5,611$4,135$1,783
26 years$12,508$9,420$6,994$5,130$3,725$1,541
27 years$11,916$8,865$6,495$4,696$3,358$1,332
28 years$11,367$8,353$6,038$4,302$3,030$1,152
29 years$10,857$7,881$5,618$3,945$2,736$996
30 years$10,381$7,442$5,233$3,621$2,472$862
31 years$9,938$7,035$4,879$3,325$2,235$746
32 years$9,523$6,657$4,552$3,056$2,022$646
33 years$9,133$6,304$4,250$2,810$1,830$560
34 years$8,768$5,975$3,971$2,586$1,657$485
35 years$8,424$5,667$3,713$2,380$1,501$420
36 years$8,100$5,379$3,473$2,192$1,360$364
37 years$7,794$5,109$3,251$2,020$1,232$315
38 years$7,505$4,855$3,044$1,862$1,117$273
39 years$7,232$4,617$2,852$1,717$1,013$237
40 years$6,973$4,393$2,673$1,583$919$205
41 years$6,727$4,181$2,507$1,461$834$178
42 years$6,493$3,982$2,351$1,348$756$154
43 years$6,271$3,794$2,207$1,245$686$134
44 years$6,060$3,617$2,071$1,149$623$116
45 years$5,858$3,449$1,945$1,061$566$101
46 years$5,666$3,290$1,827$980$514$87
47 years$5,483$3,140$1,716$906$466$76
48 years$5,307$2,997$1,613$837$424$66
49 years$5,140$2,862$1,516$773$385$57
50 years$4,979$2,734$1,425$715$349$49

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 $3,054 every year, while hoping to spend $26,386 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: 40/39/21 Blend
52$5,100,000$5,100,000$5,100,000$5,100,000
53$5,623,350$5,353,050$5,274,000$5,813,191
54$6,168,857$5,587,275$5,422,605$6,183,817
55$6,769,122$5,832,093$5,575,303$6,581,771
56$7,429,701$6,087,994$5,732,205$7,011,761
57$8,156,719$6,355,494$5,893,422$7,476,719
58$8,956,922$6,635,131$6,059,069$7,979,867
59$9,837,744$6,927,468$6,229,264$8,524,737
60$10,807,378$7,233,098$6,404,128$9,115,208
61$11,874,848$7,552,638$6,583,784$9,755,540
62$13,050,103$7,886,737$6,768,361$10,450,408
63$14,344,099$8,236,073$6,957,987$11,204,950
64$15,768,915$8,601,358$7,152,797$12,024,809
65$17,337,855$8,983,336$7,352,927$12,916,185
66$19,065,584$9,382,787$7,558,517$13,885,891
67$20,968,257$9,800,527$7,769,712$14,941,414
68$23,063,680$10,237,414$7,986,658$16,090,984
69$25,371,471$10,694,343$8,209,506$17,343,650
70$27,913,249$11,172,253$8,438,412$18,709,358
71$30,712,835$11,672,128$8,673,534$20,199,047
72$33,796,481$12,194,999$8,915,034$21,824,744
73$37,193,113$12,741,945$9,163,078$23,599,678
74$40,934,607$13,314,097$9,417,838$25,538,401
75$45,056,090$13,912,640$9,679,488$27,656,917
76$49,596,267$14,538,816$9,948,208$29,972,837
77$54,597,793$15,193,925$10,224,179$32,505,534
78$60,107,670$15,879,329$10,507,591$35,276,324
79$66,177,692$16,596,456$10,798,636$38,308,666
80$72,864,937$17,346,803$11,097,510$41,628,372
81$80,232,300$18,131,935$11,404,416$45,263,853
82$88,349,091$18,953,497$11,719,560$49,246,378
83$97,291,687$19,813,207$12,043,154$53,610,362
84$107,144,254$20,712,869$12,375,415$58,393,692
85$117,999,540$21,654,372$12,716,564$63,638,072
86$129,959,753$22,639,696$13,066,828$69,389,415
87$143,137,522$23,670,915$13,426,441$75,698,265
88$157,656,962$24,750,202$13,795,639$82,620,275
89$173,654,846$25,879,836$14,174,668$90,216,720
90$191,281,896$27,062,204$14,563,775$98,555,067
91$210,704,205$28,299,807$14,963,216$107,709,610
92$232,104,802$29,595,267$15,373,253$117,762,158
93$255,685,387$30,951,330$15,794,152$128,802,801
94$281,668,228$32,370,876$16,226,187$140,930,753
95$310,298,260$33,856,922$16,669,637$154,255,276
96$341,845,402$35,412,630$17,124,789$168,896,707
97$376,607,098$37,041,315$17,591,936$184,987,579
98$414,911,132$38,746,449$18,071,375$202,673,865
99$457,118,716$40,531,674$18,563,415$222,116,342
100$503,627,903$42,400,804$19,068,367$243,492,103