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%16.2%
1 years$421,153$417,402$413,742$410,169$406,681$396,367
2 years$208,492$204,609$200,846$197,197$193,658$183,334
3 years$137,614$133,714$129,960$126,346$122,864$112,853
4 years$102,182$98,294$94,578$91,025$87,628$78,006
5 years$80,928$77,064$73,396$69,916$66,613$57,408
6 years$66,764$62,928$59,315$55,912$52,709$43,929
7 years$56,650$52,847$49,291$45,969$42,866$34,513
8 years$49,068$45,300$41,803$38,562$35,562$27,631
9 years$43,175$39,442$36,005$32,846$29,948$22,433
10 years$38,462$34,766$31,390$28,314$25,517$18,409
11 years$34,610$30,950$27,635$24,641$21,946$15,233
12 years$31,401$27,779$24,525$21,614$19,018$12,690
13 years$28,688$25,104$21,912$19,082$16,584$10,628
14 years$26,365$22,819$19,688$16,939$14,537$8,940
15 years$24,353$20,846$17,775$15,106$12,800$7,547
16 years$22,595$19,125$16,116$13,526$11,312$6,390
17 years$21,045$17,614$14,665$12,153$10,030$5,424
18 years$19,669$16,276$13,387$10,952$8,919$4,614
19 years$18,439$15,084$12,255$9,896$7,949$3,931
20 years$17,333$14,017$11,247$8,963$7,101$3,354
21 years$16,334$13,056$10,345$8,135$6,354$2,866
22 years$15,427$12,188$9,535$7,396$5,696$2,451
23 years$14,601$11,399$8,804$6,736$5,113$2,098
24 years$13,844$10,680$8,142$6,144$4,595$1,797
25 years$13,149$10,023$7,541$5,611$4,135$1,541
26 years$12,508$9,420$6,994$5,130$3,725$1,322
27 years$11,916$8,865$6,495$4,696$3,358$1,134
28 years$11,367$8,353$6,038$4,302$3,030$974
29 years$10,857$7,881$5,618$3,945$2,736$836
30 years$10,381$7,442$5,233$3,621$2,472$718
31 years$9,938$7,035$4,879$3,325$2,235$617
32 years$9,523$6,657$4,552$3,056$2,022$530
33 years$9,133$6,304$4,250$2,810$1,830$456
34 years$8,768$5,975$3,971$2,586$1,657$392
35 years$8,424$5,667$3,713$2,380$1,501$337
36 years$8,100$5,379$3,473$2,192$1,360$290
37 years$7,794$5,109$3,251$2,020$1,232$249
38 years$7,505$4,855$3,044$1,862$1,117$214
39 years$7,232$4,617$2,852$1,717$1,013$184
40 years$6,973$4,393$2,673$1,583$919$159
41 years$6,727$4,181$2,507$1,461$834$136
42 years$6,493$3,982$2,351$1,348$756$117
43 years$6,271$3,794$2,207$1,245$686$101
44 years$6,060$3,617$2,071$1,149$623$87
45 years$5,858$3,449$1,945$1,061$566$75
46 years$5,666$3,290$1,827$980$514$64
47 years$5,483$3,140$1,716$906$466$55
48 years$5,307$2,997$1,613$837$424$48
49 years$5,140$2,862$1,516$773$385$41
50 years$4,979$2,734$1,425$715$349$35

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 $6,112 every year, while hoping to spend $49,863 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: 49/28/23 Blend
52$5,100,000$5,100,000$5,100,000$5,100,000
53$5,626,505$5,356,205$5,277,155$5,865,380
54$6,147,354$5,565,605$5,400,885$6,241,783
55$6,719,659$5,783,594$5,527,090$6,644,963
56$7,348,616$6,010,542$5,655,799$7,081,964
57$8,039,947$6,246,831$5,787,041$7,555,996
58$8,799,961$6,492,865$5,920,846$8,070,590
59$9,635,604$6,749,062$6,057,241$8,629,628
60$10,554,531$7,015,861$6,196,254$9,237,378
61$11,565,175$7,293,721$6,337,911$9,898,535
62$12,676,829$7,583,119$6,482,237$10,618,263
63$13,899,730$7,884,556$6,629,256$11,402,243
64$15,245,157$8,198,554$6,778,991$12,256,725
65$16,725,539$8,525,659$6,931,463$13,188,585
66$18,354,569$8,866,442$7,086,692$14,205,390
67$20,147,336$9,221,498$7,244,697$15,315,467
68$22,120,464$9,591,451$7,405,494$16,527,980
69$24,292,271$9,976,952$7,569,098$17,853,016
70$26,682,941$10,378,682$7,735,521$19,301,675
71$29,314,715$10,797,351$7,904,775$20,886,180
72$32,212,098$11,233,703$8,076,867$22,619,984
73$35,402,094$11,688,516$8,251,804$24,517,898
74$38,914,456$12,162,602$8,429,588$26,596,227
75$42,781,972$12,656,811$8,610,221$28,872,927
76$47,040,770$13,172,031$8,793,699$31,367,765
77$51,730,658$13,709,190$8,980,018$34,102,510
78$56,895,504$14,269,260$9,169,168$37,101,133
79$62,583,647$14,853,255$9,361,136$40,390,030
80$68,848,352$15,462,237$9,555,907$43,998,273
81$75,748,313$16,097,316$9,753,459$47,957,876
82$83,348,209$16,759,653$9,953,768$52,304,100
83$91,719,312$17,450,462$10,156,805$57,075,780
84$100,940,160$18,171,012$10,362,536$62,315,690
85$111,097,297$18,922,632$10,570,921$68,070,943
86$122,286,091$19,706,711$10,781,917$74,393,434
87$134,611,633$20,524,701$10,995,472$81,340,325
88$148,189,730$21,378,121$11,211,530$88,974,583
89$163,147,995$22,268,562$11,430,030$97,365,568
90$179,627,055$23,197,687$11,650,901$106,589,689
91$197,781,876$24,167,234$11,874,066$116,731,117
92$217,783,223$25,179,024$12,099,444$127,882,576
93$239,819,277$26,234,962$12,326,940$140,146,220
94$264,097,406$27,337,038$12,556,456$153,634,583
95$290,846,127$28,487,338$12,787,882$168,471,647
96$320,317,257$29,688,042$13,021,101$184,794,001
97$352,788,294$30,941,433$13,255,985$202,752,130
98$388,565,035$32,249,898$13,492,395$222,511,826
99$427,984,462$33,615,937$13,730,184$244,255,752
100$471,417,923$35,042,164$13,969,192$268,185,159