Can I retire at age 53 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$454,185$450,139$446,192$442,340$438,578$426,076
2 years$224,844$220,656$216,598$212,663$208,847$196,348
3 years$148,407$144,201$140,153$136,255$132,501$120,398
4 years$110,196$106,003$101,996$98,164$94,501$82,886
5 years$87,275$83,108$79,153$75,400$71,838$60,743
6 years$72,000$67,864$63,967$60,298$56,843$46,278
7 years$61,093$56,992$53,157$49,574$46,229$36,194
8 years$52,917$48,853$45,081$41,586$38,351$28,841
9 years$46,561$42,535$38,829$35,422$32,297$23,302
10 years$41,479$37,493$33,852$30,534$27,519$19,027
11 years$37,324$33,377$29,802$26,574$23,667$15,665
12 years$33,864$29,958$26,449$23,309$20,509$12,981
13 years$30,938$27,073$23,630$20,578$17,885$10,813
14 years$28,433$24,609$21,232$18,267$15,677$9,046
15 years$26,263$22,480$19,170$16,291$13,804$7,594
16 years$24,367$20,625$17,380$14,587$12,200$6,393
17 years$22,696$18,995$15,815$13,106$10,817$5,395
18 years$21,211$17,552$14,437$11,811$9,618$4,562
19 years$19,885$16,267$13,217$10,673$8,573$3,863
20 years$18,693$15,116$12,130$9,666$7,657$3,277
21 years$17,615$14,080$11,157$8,773$6,853$2,782
22 years$16,637$13,144$10,283$7,976$6,142$2,365
23 years$15,746$12,293$9,494$7,264$5,514$2,012
24 years$14,930$11,518$8,781$6,625$4,956$1,712
25 years$14,180$10,809$8,133$6,051$4,459$1,459
26 years$13,489$10,158$7,543$5,532$4,017$1,243
27 years$12,850$9,560$7,004$5,064$3,622$1,060
28 years$12,258$9,009$6,511$4,640$3,268$904
29 years$11,708$8,499$6,059$4,255$2,951$771
30 years$11,196$8,026$5,644$3,905$2,666$658
31 years$10,717$7,587$5,262$3,586$2,411$562
32 years$10,269$7,179$4,909$3,296$2,180$480
33 years$9,850$6,799$4,584$3,031$1,973$409
34 years$9,456$6,444$4,283$2,789$1,787$350
35 years$9,085$6,112$4,004$2,567$1,618$299
36 years$8,735$5,801$3,746$2,364$1,466$255
37 years$8,405$5,510$3,506$2,178$1,329$218
38 years$8,094$5,236$3,283$2,008$1,205$186
39 years$7,799$4,979$3,076$1,851$1,092$159
40 years$7,519$4,737$2,883$1,708$991$136
41 years$7,254$4,509$2,703$1,575$899$116
42 years$7,002$4,294$2,536$1,454$816$99
43 years$6,763$4,092$2,380$1,342$740$85
44 years$6,535$3,900$2,234$1,239$672$72
45 years$6,318$3,719$2,097$1,144$610$62
46 years$6,110$3,548$1,970$1,057$554$53
47 years$5,913$3,386$1,851$977$503$45
48 years$5,724$3,232$1,739$902$457$39
49 years$5,543$3,087$1,635$834$415$33
50 years$5,370$2,949$1,537$771$377$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,500,000, adding $5,480 every year, while hoping to spend $30,394 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: 27/49/24 Blend
52$5,500,000$5,500,000$5,500,000$5,500,000
53$6,066,653$5,775,153$5,689,903$6,184,545
54$6,653,112$6,025,796$5,848,175$6,529,395
55$7,298,372$6,287,702$6,010,732$6,896,389
56$8,008,398$6,561,391$6,177,683$7,289,802
57$8,789,762$6,847,407$6,349,143$7,711,898
58$9,649,707$7,146,320$6,525,229$8,165,153
59$10,596,214$7,458,726$6,706,060$8,652,279
60$11,638,075$7,785,251$6,891,760$9,176,243
61$12,784,978$8,126,548$7,082,454$9,740,296
62$14,047,600$8,483,303$7,278,271$10,347,997
63$15,437,704$8,856,233$7,479,341$11,003,250
64$16,968,252$9,246,091$7,685,801$11,710,331
65$18,653,526$9,653,662$7,897,789$12,473,927
66$20,509,266$10,079,772$8,115,445$13,299,181
67$22,552,813$10,525,283$8,338,914$14,191,733
68$24,803,278$10,991,099$8,568,345$15,157,770
69$27,281,717$11,478,168$8,803,890$16,204,081
70$30,011,335$11,987,481$9,045,703$17,338,120
71$33,017,701$12,520,078$9,293,944$18,568,067
72$36,328,991$13,077,045$9,548,775$19,902,906
73$39,976,251$13,659,524$9,810,363$21,352,502
74$43,993,696$14,268,708$10,078,877$22,927,691
75$48,419,026$14,905,848$10,354,493$24,640,377
76$53,293,786$15,572,254$10,637,387$26,503,637
77$58,663,756$16,269,298$10,927,744$28,531,846
78$64,579,385$16,998,419$11,225,748$30,740,798
79$71,096,262$17,761,122$11,531,591$33,147,856
80$78,275,650$18,558,985$11,845,468$35,772,107
81$86,185,053$19,393,663$12,167,578$38,634,536
82$94,898,862$20,266,886$12,498,126$41,758,217
83$104,499,052$21,180,469$12,837,319$45,168,527
84$115,075,958$22,136,314$13,185,371$48,893,373
85$126,729,124$23,136,413$13,542,500$52,963,453
86$139,568,250$24,182,852$13,908,929$57,412,534
87$153,714,218$25,277,818$14,284,884$62,277,765
88$169,300,240$26,423,603$14,670,600$67,600,017
89$186,473,112$27,622,607$15,066,313$73,424,260
90$205,394,601$28,877,346$15,472,265$79,799,981
91$226,242,970$30,190,456$15,888,707$86,781,636
92$249,214,664$31,564,700$16,315,889$94,429,158
93$274,526,161$33,002,971$16,754,072$102,808,510
94$302,416,015$34,508,302$17,203,520$111,992,298
95$333,147,113$36,083,873$17,664,502$122,060,440
96$367,009,149$37,733,014$18,137,294$133,100,912
97$404,321,366$39,459,215$18,622,176$145,210,568
98$445,435,563$41,266,134$19,119,437$158,496,031
99$490,739,421$43,157,606$19,629,369$173,074,697
100$540,660,160$45,137,646$20,152,270$189,075,820