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%17.2%
1 years$445,927$441,955$438,080$434,297$430,604$417,992
2 years$220,756$216,645$212,660$208,797$205,049$192,446
3 years$145,709$141,580$137,605$133,778$130,092$117,891
4 years$108,192$104,076$100,141$96,380$92,783$81,078
5 years$85,689$81,597$77,714$74,029$70,532$59,356
6 years$70,691$66,630$62,804$59,201$55,809$45,172
7 years$59,983$55,956$52,191$48,673$45,388$35,289
8 years$51,955$47,964$44,262$40,830$37,654$28,086
9 years$45,714$41,762$38,123$34,778$31,710$22,665
10 years$40,725$36,811$33,236$29,979$27,018$18,484
11 years$36,645$32,771$29,261$26,091$23,237$15,198
12 years$33,248$29,413$25,968$22,885$20,136$12,577
13 years$30,376$26,581$23,201$20,204$17,559$10,463
14 years$27,916$24,161$20,846$17,935$15,392$8,741
15 years$25,786$22,072$18,821$15,995$13,553$7,327
16 years$23,924$20,250$17,064$14,322$11,978$6,160
17 years$22,283$18,650$15,528$12,868$10,620$5,190
18 years$20,826$17,233$14,175$11,597$9,443$4,382
19 years$19,523$15,972$12,976$10,479$8,417$3,706
20 years$18,353$14,842$11,909$9,490$7,518$3,138
21 years$17,295$13,824$10,954$8,613$6,728$2,661
22 years$16,335$12,905$10,096$7,831$6,031$2,258
23 years$15,459$12,069$9,322$7,132$5,413$1,918
24 years$14,658$11,308$8,621$6,505$4,866$1,630
25 years$13,922$10,612$7,985$5,941$4,378$1,386
26 years$13,244$9,974$7,405$5,432$3,944$1,179
27 years$12,617$9,386$6,877$4,972$3,556$1,004
28 years$12,035$8,845$6,393$4,555$3,208$855
29 years$11,495$8,344$5,949$4,177$2,897$728
30 years$10,992$7,880$5,541$3,834$2,618$620
31 years$10,522$7,449$5,166$3,521$2,367$529
32 years$10,083$7,049$4,820$3,236$2,141$451
33 years$9,671$6,675$4,500$2,976$1,937$384
34 years$9,284$6,326$4,205$2,738$1,754$327
35 years$8,920$6,001$3,931$2,520$1,589$279
36 years$8,576$5,695$3,678$2,321$1,440$238
37 years$8,253$5,409$3,442$2,139$1,305$203
38 years$7,947$5,141$3,223$1,971$1,183$173
39 years$7,657$4,888$3,020$1,818$1,073$148
40 years$7,383$4,651$2,831$1,676$973$126
41 years$7,122$4,427$2,654$1,547$883$107
42 years$6,875$4,216$2,490$1,427$801$92
43 years$6,640$4,017$2,336$1,318$727$78
44 years$6,416$3,829$2,193$1,217$660$67
45 years$6,203$3,652$2,059$1,124$599$57
46 years$5,999$3,484$1,934$1,038$544$49
47 years$5,805$3,324$1,817$959$494$41
48 years$5,619$3,174$1,707$886$448$35
49 years$5,442$3,031$1,605$819$407$30
50 years$5,272$2,895$1,509$757$370$26

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 $4,433 every year, while hoping to spend $52,631 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: 57/16/27 Blend
52$5,400,000$5,400,000$5,400,000$5,400,000
53$5,955,373$5,669,173$5,585,473$6,250,577
54$6,506,822$5,890,963$5,716,587$6,675,321
55$7,112,755$6,121,857$5,850,330$7,132,137
56$7,778,673$6,362,246$5,986,733$7,628,973
57$8,510,638$6,612,537$6,125,830$8,169,714
58$9,315,328$6,873,156$6,267,650$8,758,633
59$10,200,099$7,144,548$6,412,224$9,400,436
60$11,173,057$7,427,179$6,559,581$10,100,301
61$12,243,132$7,721,534$6,709,750$10,863,926
62$13,420,163$8,028,120$6,862,758$11,697,584
63$14,714,991$8,347,469$7,018,631$12,608,182
64$16,139,559$8,680,134$7,177,394$13,603,321
65$17,707,027$9,026,694$7,339,071$14,691,373
66$19,431,896$9,387,754$7,503,682$15,881,553
67$21,330,143$9,763,947$7,671,248$17,184,008
68$23,419,371$10,155,934$7,841,788$18,609,913
69$25,718,976$10,564,405$8,015,318$20,171,572
70$28,250,333$10,990,082$8,191,852$21,882,536
71$31,036,991$11,433,719$8,371,403$23,757,727
72$34,104,899$11,896,107$8,553,980$25,813,582
73$37,482,652$12,378,069$8,739,591$28,068,201
74$41,201,755$12,880,467$8,928,240$30,541,521
75$45,296,926$13,404,202$9,119,929$33,255,502
76$49,806,422$13,950,217$9,314,656$36,234,331
77$54,772,397$14,519,498$9,512,416$39,504,652
78$60,241,301$15,113,072$9,713,202$43,095,813
79$66,264,320$15,732,019$9,917,001$47,040,144
80$72,897,857$16,377,464$10,123,796$51,373,258
81$80,204,063$17,050,586$10,333,569$56,134,388
82$88,251,428$17,752,614$10,546,293$61,366,753
83$97,115,420$18,484,839$10,761,940$67,117,968
84$106,879,203$19,248,606$10,980,476$73,440,488
85$117,634,419$20,045,325$11,201,859$80,392,102
86$129,482,054$20,876,470$11,426,045$88,036,479
87$142,533,388$21,743,582$11,652,983$96,443,764
88$156,911,050$22,648,274$11,882,614$105,691,237
89$172,750,170$23,592,232$12,114,875$115,864,047
90$190,199,658$24,577,222$12,349,693$127,056,005
91$209,423,605$25,605,088$12,586,990$139,370,474
92$230,602,838$26,677,763$12,826,680$152,921,336
93$253,936,621$27,797,266$13,068,666$167,834,071
94$279,644,536$28,965,713$13,312,847$184,246,934
95$307,968,561$30,185,314$13,559,109$202,312,260
96$339,175,344$31,458,385$13,807,329$222,197,898
97$373,558,730$32,787,346$14,057,376$244,088,792
98$411,442,528$34,174,733$14,309,105$268,188,726
99$453,183,568$35,623,198$14,562,363$294,722,241
100$499,175,072$37,135,515$14,816,982$323,936,757