Can I retire at age 53 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$445,927$441,955$438,080$434,297$430,604$414,995
2 years$220,756$216,645$212,660$208,797$205,049$189,496
3 years$145,709$141,580$137,605$133,778$130,092$115,081
4 years$108,192$104,076$100,141$96,380$92,783$78,430
5 years$85,689$81,597$77,714$74,029$70,532$56,875
6 years$70,691$66,630$62,804$59,201$55,809$42,858
7 years$59,983$55,956$52,191$48,673$45,388$33,139
8 years$51,955$47,964$44,262$40,830$37,654$26,097
9 years$45,714$41,762$38,123$34,778$31,710$20,830
10 years$40,725$36,811$33,236$29,979$27,018$16,795
11 years$36,645$32,771$29,261$26,091$23,237$13,650
12 years$33,248$29,413$25,968$22,885$20,136$11,162
13 years$30,376$26,581$23,201$20,204$17,559$9,172
14 years$27,916$24,161$20,846$17,935$15,392$7,567
15 years$25,786$22,072$18,821$15,995$13,553$6,263
16 years$23,924$20,250$17,064$14,322$11,978$5,197
17 years$22,283$18,650$15,528$12,868$10,620$4,322
18 years$20,826$17,233$14,175$11,597$9,443$3,600
19 years$19,523$15,972$12,976$10,479$8,417$3,004
20 years$18,353$14,842$11,909$9,490$7,518$2,509
21 years$17,295$13,824$10,954$8,613$6,728$2,098
22 years$16,335$12,905$10,096$7,831$6,031$1,755
23 years$15,459$12,069$9,322$7,132$5,413$1,470
24 years$14,658$11,308$8,621$6,505$4,866$1,231
25 years$13,922$10,612$7,985$5,941$4,378$1,032
26 years$13,244$9,974$7,405$5,432$3,944$866
27 years$12,617$9,386$6,877$4,972$3,556$726
28 years$12,035$8,845$6,393$4,555$3,208$609
29 years$11,495$8,344$5,949$4,177$2,897$511
30 years$10,992$7,880$5,541$3,834$2,618$429
31 years$10,522$7,449$5,166$3,521$2,367$360
32 years$10,083$7,049$4,820$3,236$2,141$303
33 years$9,671$6,675$4,500$2,976$1,937$254
34 years$9,284$6,326$4,205$2,738$1,754$213
35 years$8,920$6,001$3,931$2,520$1,589$179
36 years$8,576$5,695$3,678$2,321$1,440$151
37 years$8,253$5,409$3,442$2,139$1,305$127
38 years$7,947$5,141$3,223$1,971$1,183$106
39 years$7,657$4,888$3,020$1,818$1,073$89
40 years$7,383$4,651$2,831$1,676$973$75
41 years$7,122$4,427$2,654$1,547$883$63
42 years$6,875$4,216$2,490$1,427$801$53
43 years$6,640$4,017$2,336$1,318$727$45
44 years$6,416$3,829$2,193$1,217$660$37
45 years$6,203$3,652$2,059$1,124$599$31
46 years$5,999$3,484$1,934$1,038$544$26
47 years$5,805$3,324$1,817$959$494$22
48 years$5,619$3,174$1,707$886$448$19
49 years$5,442$3,031$1,605$819$407$16
50 years$5,272$2,895$1,509$757$370$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,400,000, adding $6,468 every year, while hoping to spend $57,630 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: 56/23/21 Blend
52$5,400,000$5,400,000$5,400,000$5,400,000
53$5,957,472$5,671,272$5,587,572$6,256,978
54$6,503,816$5,887,846$5,713,438$6,678,836
55$7,103,956$6,113,101$5,841,588$7,131,501
56$7,763,318$6,347,401$5,972,040$7,623,399
57$8,487,879$6,591,127$6,104,806$8,158,314
58$9,284,226$6,844,676$6,239,901$8,740,409
59$10,159,614$7,108,462$6,377,334$9,374,265
60$11,122,036$7,382,917$6,517,116$10,064,920
61$12,180,298$7,668,495$6,659,254$10,817,921
62$13,344,103$7,965,666$6,803,753$11,639,369
63$14,624,141$8,274,923$6,950,619$12,535,982
64$16,032,189$8,596,780$7,099,850$13,515,152
65$17,581,224$8,931,774$7,251,447$14,585,018
66$19,285,545$9,280,467$7,405,406$15,754,536
67$21,160,903$9,643,442$7,561,720$17,033,569
68$23,224,657$10,021,313$7,720,380$18,432,975
69$25,495,933$10,414,718$7,881,373$19,964,707
70$27,995,803$10,824,324$8,044,684$21,641,929
71$30,747,487$11,250,828$8,210,293$23,479,133
72$33,776,571$11,694,959$8,378,178$25,492,280
73$37,111,245$12,157,476$8,548,311$27,698,946
74$40,782,575$12,639,175$8,720,662$30,118,485
75$44,824,788$13,140,885$8,895,195$32,772,214
76$49,275,603$13,663,475$9,071,870$35,683,610
77$54,176,579$14,207,850$9,250,643$38,878,530
78$59,573,513$14,774,958$9,431,462$42,385,454
79$65,516,869$15,365,788$9,614,273$46,235,750
80$72,062,252$15,981,374$9,799,015$50,463,971
81$79,270,939$16,622,799$9,985,619$55,108,178
82$87,210,450$17,291,191$10,174,012$60,210,296
83$95,955,187$17,987,731$10,364,113$65,816,509
84$105,587,140$18,713,653$10,555,834$71,977,691
85$116,196,655$19,470,248$10,749,081$78,749,889
86$127,883,288$20,258,865$10,943,750$86,194,845
87$140,756,747$21,080,913$11,139,729$94,380,577
88$154,937,923$21,937,866$11,336,898$103,382,020
89$170,560,036$22,831,266$11,535,128$113,281,729
90$187,769,885$23,762,723$11,734,280$124,170,658
91$206,729,239$24,733,923$11,934,205$136,149,012
92$227,616,362$25,746,626$12,134,742$149,327,191
93$250,627,695$26,802,675$12,335,720$163,826,830
94$275,979,710$27,903,996$12,536,956$179,781,945
95$303,910,952$29,052,603$12,738,256$197,340,191
96$334,684,293$30,250,604$12,939,411$216,664,253
97$368,589,408$31,500,201$13,140,198$237,933,382
98$405,945,515$32,803,698$13,340,383$261,345,077
99$447,104,385$34,163,507$13,539,713$287,116,952
100$492,453,661$35,582,148$13,737,922$315,488,780