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%15.5%
1 years$445,927$441,955$438,080$434,297$430,604$420,878
2 years$220,756$216,645$212,660$208,797$205,049$195,303
3 years$145,709$141,580$137,605$133,778$130,092$120,629
4 years$108,192$104,076$100,141$96,380$92,783$83,676
5 years$85,689$81,597$77,714$74,029$70,532$61,808
6 years$70,691$66,630$62,804$59,201$55,809$47,477
7 years$59,983$55,956$52,191$48,673$45,388$37,448
8 years$51,955$47,964$44,262$40,830$37,654$30,104
9 years$45,714$41,762$38,123$34,778$31,710$24,544
10 years$40,725$36,811$33,236$29,979$27,018$20,229
11 years$36,645$32,771$29,261$26,091$23,237$16,814
12 years$33,248$29,413$25,968$22,885$20,136$14,071
13 years$30,376$26,581$23,201$20,204$17,559$11,840
14 years$27,916$24,161$20,846$17,935$15,392$10,007
15 years$25,786$22,072$18,821$15,995$13,553$8,490
16 years$23,924$20,250$17,064$14,322$11,978$7,224
17 years$22,283$18,650$15,528$12,868$10,620$6,163
18 years$20,826$17,233$14,175$11,597$9,443$5,269
19 years$19,523$15,972$12,976$10,479$8,417$4,513
20 years$18,353$14,842$11,909$9,490$7,518$3,872
21 years$17,295$13,824$10,954$8,613$6,728$3,326
22 years$16,335$12,905$10,096$7,831$6,031$2,860
23 years$15,459$12,069$9,322$7,132$5,413$2,461
24 years$14,658$11,308$8,621$6,505$4,866$2,120
25 years$13,922$10,612$7,985$5,941$4,378$1,828
26 years$13,244$9,974$7,405$5,432$3,944$1,577
27 years$12,617$9,386$6,877$4,972$3,556$1,361
28 years$12,035$8,845$6,393$4,555$3,208$1,175
29 years$11,495$8,344$5,949$4,177$2,897$1,015
30 years$10,992$7,880$5,541$3,834$2,618$877
31 years$10,522$7,449$5,166$3,521$2,367$758
32 years$10,083$7,049$4,820$3,236$2,141$655
33 years$9,671$6,675$4,500$2,976$1,937$566
34 years$9,284$6,326$4,205$2,738$1,754$490
35 years$8,920$6,001$3,931$2,520$1,589$424
36 years$8,576$5,695$3,678$2,321$1,440$366
37 years$8,253$5,409$3,442$2,139$1,305$317
38 years$7,947$5,141$3,223$1,971$1,183$274
39 years$7,657$4,888$3,020$1,818$1,073$237
40 years$7,383$4,651$2,831$1,676$973$205
41 years$7,122$4,427$2,654$1,547$883$178
42 years$6,875$4,216$2,490$1,427$801$154
43 years$6,640$4,017$2,336$1,318$727$133
44 years$6,416$3,829$2,193$1,217$660$115
45 years$6,203$3,652$2,059$1,124$599$100
46 years$5,999$3,484$1,934$1,038$544$86
47 years$5,805$3,324$1,817$959$494$75
48 years$5,619$3,174$1,707$886$448$65
49 years$5,442$3,031$1,605$819$407$56
50 years$5,272$2,895$1,509$757$370$48

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 $6,190 every year, while hoping to spend $57,403 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: 35/47/18 Blend
52$5,400,000$5,400,000$5,400,000$5,400,000
53$5,957,185$5,670,985$5,587,285$6,132,641
54$6,503,742$5,887,787$5,713,383$6,478,165
55$7,104,123$6,113,288$5,841,781$6,844,921
56$7,763,759$6,347,855$5,972,496$7,239,436
57$8,488,630$6,591,868$6,105,542$7,664,208
58$9,285,327$6,845,726$6,240,935$8,121,978
59$10,161,109$7,109,845$6,378,685$8,615,752
60$11,123,975$7,384,660$6,518,803$9,148,833
61$12,182,735$7,670,623$6,661,298$9,724,843
62$13,347,098$7,968,208$6,806,175$10,347,763
63$14,627,761$8,277,908$6,953,441$11,021,962
64$16,036,507$8,600,241$7,103,096$11,752,240
65$17,586,323$8,935,745$7,255,142$12,543,872
66$19,291,514$9,284,982$7,409,575$13,402,653
67$21,167,842$9,648,540$7,566,390$14,334,952
68$23,232,677$10,027,034$7,725,579$15,347,768
69$25,505,156$10,421,104$7,887,131$16,448,796
70$28,006,363$10,831,419$8,051,031$17,646,499
71$30,759,533$11,258,680$8,217,263$18,950,178
72$33,790,268$11,703,618$8,385,803$20,370,064
73$37,126,775$12,166,995$8,556,627$21,917,410
74$40,800,137$12,649,609$8,729,705$23,604,591
75$44,844,606$13,152,294$8,905,005$25,445,224
76$49,297,919$13,675,920$9,082,486$27,454,287
77$54,201,665$14,221,398$9,262,107$29,648,260
78$59,601,666$14,789,678$9,443,820$32,045,278
79$65,548,418$15,381,754$9,627,569$34,665,296
80$72,097,560$15,998,664$9,813,297$37,530,277
81$79,310,407$16,641,494$10,000,937$40,664,392
82$87,254,518$17,311,377$10,190,419$44,094,245
83$96,004,345$18,009,500$10,381,663$47,849,123
84$105,641,924$18,737,101$10,574,585$51,961,262
85$116,257,658$19,495,477$10,769,092$56,466,153
86$127,951,165$20,285,982$10,965,082$61,402,867
87$140,832,220$21,110,031$11,162,448$66,814,423
88$155,021,788$21,969,104$11,361,072$72,748,185
89$170,653,170$22,864,749$11,560,827$79,256,307
90$187,873,256$23,798,585$11,761,578$86,396,218
91$206,843,915$24,772,302$11,963,178$94,231,157
92$227,743,520$25,787,671$12,165,470$102,830,767
93$250,768,633$26,846,541$12,368,287$112,271,742
94$276,135,859$27,950,847$12,571,450$122,638,549
95$304,083,890$29,102,611$12,774,766$134,024,213
96$334,875,758$30,303,951$12,978,033$146,531,191
97$368,801,319$31,557,078$13,181,031$160,272,331
98$406,179,987$32,864,308$13,383,528$175,371,930
99$447,363,748$34,228,062$13,585,279$191,966,898
100$492,740,485$35,650,871$13,786,021$210,208,040