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%12.8%
1 years$437,669$433,771$429,967$426,254$422,629$417,695
2 years$216,668$212,633$208,722$204,930$201,252$196,285
3 years$143,010$138,958$135,057$131,301$127,683$122,838
4 years$106,189$102,149$98,287$94,595$91,064$86,378
5 years$84,102$80,086$76,275$72,658$69,226$64,713
6 years$69,382$65,396$61,641$58,105$54,776$50,441
7 years$58,872$54,920$51,224$47,771$44,547$40,393
8 years$50,993$47,076$43,442$40,074$36,956$32,982
9 years$44,868$40,988$37,417$34,134$31,123$27,326
10 years$39,971$36,129$32,621$29,424$26,518$22,898
11 years$35,967$32,164$28,719$25,608$22,806$19,358
12 years$32,632$28,868$25,487$22,461$19,764$16,484
13 years$29,813$26,089$22,771$19,830$17,234$14,120
14 years$27,399$23,714$20,460$17,603$15,107$12,153
15 years$25,308$21,663$18,473$15,699$13,302$10,503
16 years$23,481$19,875$16,748$14,057$11,756$9,108
17 years$21,870$18,304$15,240$12,630$10,424$7,922
18 years$20,440$16,914$13,912$11,382$9,268$6,907
19 years$19,162$15,676$12,736$10,285$8,261$6,034
20 years$18,013$14,567$11,688$9,315$7,379$5,282
21 years$16,975$13,568$10,751$8,454$6,603$4,631
22 years$16,032$12,666$9,909$7,686$5,919$4,065
23 years$15,173$11,846$9,149$7,000$5,313$3,573
24 years$14,387$11,099$8,461$6,384$4,776$3,144
25 years$13,664$10,416$7,837$5,831$4,297$2,769
26 years$12,998$9,789$7,268$5,331$3,871$2,440
27 years$12,383$9,213$6,749$4,880$3,490$2,152
28 years$11,813$8,681$6,274$4,471$3,149$1,899
29 years$11,282$8,190$5,839$4,100$2,843$1,677
30 years$10,789$7,734$5,439$3,763$2,569$1,481
31 years$10,327$7,311$5,070$3,456$2,323$1,309
32 years$9,896$6,918$4,731$3,176$2,101$1,157
33 years$9,492$6,551$4,417$2,921$1,902$1,024
34 years$9,112$6,209$4,127$2,687$1,722$905
35 years$8,754$5,889$3,858$2,474$1,559$801
36 years$8,418$5,590$3,610$2,278$1,413$709
37 years$8,100$5,309$3,378$2,099$1,281$628
38 years$7,800$5,046$3,164$1,935$1,161$556
39 years$7,515$4,798$2,964$1,784$1,053$492
40 years$7,246$4,565$2,778$1,645$955$436
41 years$6,990$4,345$2,605$1,518$866$386
42 years$6,748$4,138$2,444$1,401$786$342
43 years$6,517$3,943$2,293$1,293$713$303
44 years$6,297$3,758$2,152$1,194$648$268
45 years$6,088$3,584$2,021$1,103$588$238
46 years$5,888$3,419$1,898$1,019$534$211
47 years$5,698$3,263$1,783$941$485$187
48 years$5,515$3,115$1,676$870$440$165
49 years$5,341$2,974$1,575$804$400$147
50 years$5,175$2,841$1,481$743$363$130

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 $3,477 every year, while hoping to spend $40,008 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: 53/20/27 Blend
52$5,300,000$5,300,000$5,300,000$5,300,000
53$5,844,187$5,563,287$5,481,137$6,109,755
54$6,397,725$5,793,319$5,622,186$6,524,040
55$7,006,384$6,033,283$5,766,621$6,970,279
56$7,675,743$6,283,622$5,914,510$7,455,115
57$8,411,950$6,544,800$6,065,927$7,982,255
58$9,221,778$6,817,305$6,220,945$8,555,779
59$10,112,691$7,101,644$6,379,638$9,180,173
60$11,092,911$7,398,350$6,542,082$9,860,373
61$12,171,499$7,707,980$6,708,352$10,601,808
62$13,358,436$8,031,115$6,878,526$11,410,452
63$14,664,722$8,368,366$7,052,683$12,292,879
64$16,102,477$8,720,369$7,230,901$13,256,325
65$17,685,055$9,087,792$7,413,261$14,308,750
66$19,427,169$9,471,332$7,599,844$15,458,919
67$21,345,034$9,871,721$7,790,732$16,716,477
68$23,456,514$10,289,722$7,986,008$18,092,041
69$25,781,294$10,726,135$8,185,756$19,597,302
70$28,341,068$11,181,797$8,390,060$21,245,127
71$31,159,736$11,657,584$8,599,006$23,049,684
72$34,263,636$12,154,412$8,812,680$25,026,573
73$37,681,790$12,673,242$9,031,168$27,192,969
74$41,446,180$13,215,078$9,254,559$29,567,788
75$45,592,043$13,780,970$9,482,940$32,171,855
76$50,158,213$14,372,018$9,716,399$35,028,108
77$55,187,479$14,989,376$9,955,027$38,161,804
78$60,726,994$15,634,247$10,198,913$41,600,761
79$66,828,716$16,307,895$10,448,146$45,375,618
80$73,549,903$17,011,639$10,702,816$49,520,117
81$80,953,648$17,746,864$10,963,015$54,071,424
82$89,109,477$18,515,017$11,228,833$59,070,477
83$98,094,004$19,317,614$11,500,360$64,562,366
84$107,991,658$20,156,242$11,777,687$70,596,761
85$118,895,472$21,032,563$12,060,904$77,228,373
86$130,907,968$21,948,316$12,350,103$84,517,472
87$144,142,121$22,905,324$12,645,371$92,530,448
88$158,722,427$23,905,494$12,946,800$101,340,442
89$174,786,074$24,950,824$13,254,478$111,028,022
90$192,484,244$26,043,404$13,568,493$121,681,952
91$211,983,531$27,185,425$13,888,932$133,400,017
92$233,467,521$28,379,181$14,215,881$146,289,948
93$257,138,521$29,627,073$14,549,426$160,470,432
94$283,219,468$30,931,618$14,889,650$176,072,229
95$311,956,036$32,295,449$15,236,635$193,239,402
96$343,618,951$33,721,325$15,590,461$212,130,676
97$378,506,550$35,212,137$15,951,209$232,920,924
98$416,947,597$36,770,910$16,318,952$255,802,820
99$459,304,381$38,400,814$16,693,767$280,988,650
100$505,976,144$40,105,170$17,075,724$308,712,312