Can I retire at age 53 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$437,669$433,771$429,967$426,254$422,629$415,457
2 years$216,668$212,633$208,722$204,930$201,252$194,048
3 years$143,010$138,958$135,057$131,301$127,683$120,671
4 years$106,189$102,149$98,287$94,595$91,064$84,300
5 years$84,102$80,086$76,275$72,658$69,226$62,727
6 years$69,382$65,396$61,641$58,105$54,776$48,551
7 years$58,872$54,920$51,224$47,771$44,547$38,598
8 years$50,993$47,076$43,442$40,074$36,956$31,281
9 years$44,868$40,988$37,417$34,134$31,123$25,719
10 years$39,971$36,129$32,621$29,424$26,518$21,380
11 years$35,967$32,164$28,719$25,608$22,806$17,930
12 years$32,632$28,868$25,487$22,461$19,764$15,141
13 years$29,813$26,089$22,771$19,830$17,234$12,859
14 years$27,399$23,714$20,460$17,603$15,107$10,973
15 years$25,308$21,663$18,473$15,699$13,302$9,399
16 years$23,481$19,875$16,748$14,057$11,756$8,077
17 years$21,870$18,304$15,240$12,630$10,424$6,961
18 years$20,440$16,914$13,912$11,382$9,268$6,012
19 years$19,162$15,676$12,736$10,285$8,261$5,203
20 years$18,013$14,567$11,688$9,315$7,379$4,511
21 years$16,975$13,568$10,751$8,454$6,603$3,916
22 years$16,032$12,666$9,909$7,686$5,919$3,404
23 years$15,173$11,846$9,149$7,000$5,313$2,962
24 years$14,387$11,099$8,461$6,384$4,776$2,580
25 years$13,664$10,416$7,837$5,831$4,297$2,249
26 years$12,998$9,789$7,268$5,331$3,871$1,962
27 years$12,383$9,213$6,749$4,880$3,490$1,712
28 years$11,813$8,681$6,274$4,471$3,149$1,495
29 years$11,282$8,190$5,839$4,100$2,843$1,306
30 years$10,789$7,734$5,439$3,763$2,569$1,142
31 years$10,327$7,311$5,070$3,456$2,323$998
32 years$9,896$6,918$4,731$3,176$2,101$873
33 years$9,492$6,551$4,417$2,921$1,902$764
34 years$9,112$6,209$4,127$2,687$1,722$668
35 years$8,754$5,889$3,858$2,474$1,559$585
36 years$8,418$5,590$3,610$2,278$1,413$512
37 years$8,100$5,309$3,378$2,099$1,281$448
38 years$7,800$5,046$3,164$1,935$1,161$392
39 years$7,515$4,798$2,964$1,784$1,053$344
40 years$7,246$4,565$2,778$1,645$955$301
41 years$6,990$4,345$2,605$1,518$866$264
42 years$6,748$4,138$2,444$1,401$786$231
43 years$6,517$3,943$2,293$1,293$713$202
44 years$6,297$3,758$2,152$1,194$648$177
45 years$6,088$3,584$2,021$1,103$588$155
46 years$5,888$3,419$1,898$1,019$534$136
47 years$5,698$3,263$1,783$941$485$119
48 years$5,515$3,115$1,676$870$440$104
49 years$5,341$2,974$1,575$804$400$92
50 years$5,175$2,841$1,481$743$363$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,300,000, adding $3,633 every year, while hoping to spend $30,516 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: 60/24/16 Blend
52$5,300,000$5,300,000$5,300,000$5,300,000
53$5,844,347$5,563,447$5,481,297$6,171,030
54$6,408,002$5,803,588$5,632,452$6,632,007
55$7,028,127$6,054,472$5,787,648$7,130,940
56$7,710,449$6,316,594$5,946,987$7,674,514
57$8,461,280$6,590,473$6,110,577$8,267,052
58$9,287,574$6,876,649$6,278,524$8,913,304
59$10,196,991$7,175,689$6,450,939$9,618,499
60$11,197,975$7,488,189$6,627,936$10,388,386
61$12,299,827$7,814,769$6,809,631$11,229,292
62$13,512,797$8,156,080$6,996,141$12,148,177
63$14,848,179$8,512,805$7,187,589$13,152,701
64$16,318,418$8,885,658$7,384,098$14,251,294
65$17,937,227$9,275,385$7,585,796$15,453,230
66$19,719,716$9,682,771$7,792,812$16,768,720
67$21,682,535$10,108,634$8,005,279$18,209,001
68$23,844,031$10,553,835$8,223,333$19,786,443
69$26,224,421$11,019,271$8,447,113$21,514,662
70$28,845,981$11,505,885$8,676,761$23,408,650
71$31,733,261$12,014,663$8,912,422$25,484,910
72$34,913,311$12,546,639$9,154,245$27,761,613
73$38,415,938$13,102,894$9,402,382$30,258,765
74$42,273,990$13,684,561$9,656,988$32,998,395
75$46,523,661$14,292,829$9,918,221$36,004,762
76$51,204,837$14,928,940$10,186,244$39,304,576
77$56,361,469$15,594,197$10,461,222$42,927,256
78$62,041,991$16,289,964$10,743,325$46,905,195
79$68,299,772$17,017,671$11,032,725$51,274,071
80$75,193,627$17,778,815$11,329,599$56,073,179
81$82,788,364$18,574,964$11,634,128$61,345,794
82$91,155,402$19,407,762$11,946,495$67,139,582
83$100,373,440$20,278,929$12,266,890$73,507,045
84$110,529,203$21,190,269$12,595,504$80,506,012
85$121,718,262$22,143,672$12,932,533$88,200,180
86$134,045,929$23,141,117$13,278,177$96,659,716
87$147,628,259$24,184,677$13,632,641$105,961,909
88$162,593,140$25,276,525$13,996,134$116,191,903
89$179,081,504$26,418,938$14,368,868$127,443,488
90$197,248,652$27,614,301$14,751,060$139,819,987
91$217,265,726$28,865,113$15,142,932$153,435,225
92$239,321,320$30,173,993$15,544,709$168,414,598
93$263,623,260$31,543,684$15,956,622$184,896,248
94$290,400,570$32,977,062$16,378,906$203,032,370
95$319,905,629$34,477,139$16,811,801$222,990,635
96$352,416,556$36,047,072$17,255,550$244,955,771
97$388,239,836$37,690,169$17,710,401$269,131,298
98$427,713,209$39,409,898$18,176,610$295,741,447
99$471,208,863$41,209,889$18,654,432$325,033,266
100$519,136,944$43,093,950$19,144,133$357,278,944