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%18%
1 years$454,185$450,139$446,192$442,340$438,578$424,369
2 years$224,844$220,656$216,598$212,663$208,847$194,665
3 years$148,407$144,201$140,153$136,255$132,501$118,791
4 years$110,196$106,003$101,996$98,164$94,501$81,368
5 years$87,275$83,108$79,153$75,400$71,838$59,317
6 years$72,000$67,864$63,967$60,298$56,843$44,945
7 years$61,093$56,992$53,157$49,574$46,229$34,952
8 years$52,917$48,853$45,081$41,586$38,351$27,688
9 years$46,561$42,535$38,829$35,422$32,297$22,235
10 years$41,479$37,493$33,852$30,534$27,519$18,042
11 years$37,324$33,377$29,802$26,574$23,667$14,758
12 years$33,864$29,958$26,449$23,309$20,509$12,149
13 years$30,938$27,073$23,630$20,578$17,885$10,052
14 years$28,433$24,609$21,232$18,267$15,677$8,351
15 years$26,263$22,480$19,170$16,291$13,804$6,961
16 years$24,367$20,625$17,380$14,587$12,200$5,818
17 years$22,696$18,995$15,815$13,106$10,817$4,874
18 years$21,211$17,552$14,437$11,811$9,618$4,091
19 years$19,885$16,267$13,217$10,673$8,573$3,439
20 years$18,693$15,116$12,130$9,666$7,657$2,894
21 years$17,615$14,080$11,157$8,773$6,853$2,439
22 years$16,637$13,144$10,283$7,976$6,142$2,057
23 years$15,746$12,293$9,494$7,264$5,514$1,736
24 years$14,930$11,518$8,781$6,625$4,956$1,466
25 years$14,180$10,809$8,133$6,051$4,459$1,239
26 years$13,489$10,158$7,543$5,532$4,017$1,047
27 years$12,850$9,560$7,004$5,064$3,622$886
28 years$12,258$9,009$6,511$4,640$3,268$749
29 years$11,708$8,499$6,059$4,255$2,951$634
30 years$11,196$8,026$5,644$3,905$2,666$537
31 years$10,717$7,587$5,262$3,586$2,411$454
32 years$10,269$7,179$4,909$3,296$2,180$385
33 years$9,850$6,799$4,584$3,031$1,973$326
34 years$9,456$6,444$4,283$2,789$1,787$276
35 years$9,085$6,112$4,004$2,567$1,618$234
36 years$8,735$5,801$3,746$2,364$1,466$198
37 years$8,405$5,510$3,506$2,178$1,329$168
38 years$8,094$5,236$3,283$2,008$1,205$142
39 years$7,799$4,979$3,076$1,851$1,092$120
40 years$7,519$4,737$2,883$1,708$991$102
41 years$7,254$4,509$2,703$1,575$899$86
42 years$7,002$4,294$2,536$1,454$816$73
43 years$6,763$4,092$2,380$1,342$740$62
44 years$6,535$3,900$2,234$1,239$672$53
45 years$6,318$3,719$2,097$1,144$610$45
46 years$6,110$3,548$1,970$1,057$554$38
47 years$5,913$3,386$1,851$977$503$32
48 years$5,724$3,232$1,739$902$457$27
49 years$5,543$3,087$1,635$834$415$23
50 years$5,370$2,949$1,537$771$377$19

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 $3,200 every year, while hoping to spend $50,812 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: 57/26/17 Blend
52$5,500,000$5,500,000$5,500,000$5,500,000
53$6,064,301$5,772,801$5,687,551$6,382,725
54$6,628,796$6,001,604$5,824,020$6,828,081
55$7,249,167$6,239,917$5,963,358$7,307,369
56$7,931,058$6,488,149$6,105,608$7,828,522
57$8,680,691$6,746,733$6,250,810$8,395,573
58$9,504,917$7,016,119$6,399,008$9,012,955
59$10,411,287$7,296,777$6,550,243$9,685,548
60$11,408,117$7,589,198$6,704,555$10,418,716
61$12,504,573$7,893,896$6,861,985$11,218,364
62$13,710,751$8,211,409$7,022,574$12,090,988
63$15,037,777$8,542,298$7,186,359$13,043,736
64$16,497,908$8,887,148$7,353,380$14,084,474
65$18,104,651$9,246,574$7,523,674$15,221,861
66$19,872,885$9,621,217$7,697,278$16,465,425
67$21,819,009$10,011,746$7,874,226$17,825,654
68$23,961,089$10,418,862$8,054,554$19,314,095
69$26,319,032$10,843,298$8,238,293$20,943,457
70$28,914,773$11,285,820$8,425,476$22,727,734
71$31,772,483$11,747,228$8,616,132$24,682,332
72$34,918,794$12,228,360$8,810,290$26,824,213
73$38,383,052$12,730,091$9,007,976$29,172,055
74$42,197,595$13,253,337$9,209,215$31,746,423
75$46,398,055$13,799,055$9,414,029$34,569,967
76$51,023,695$14,368,247$9,622,437$37,667,624
77$56,117,781$14,961,960$9,834,458$41,066,861
78$61,727,988$15,581,290$10,050,106$44,797,927
79$67,906,851$16,227,382$10,269,393$48,894,136
80$74,712,261$16,901,435$10,492,329$53,392,179
81$82,208,009$17,604,702$10,718,918$58,332,470
82$90,464,388$18,338,494$10,949,164$63,759,521
83$99,558,859$19,104,184$11,183,065$69,722,362
84$109,576,780$19,903,207$11,420,615$76,275,002
85$120,612,211$20,737,064$11,661,806$83,476,930
86$132,768,802$21,607,325$11,906,621$91,393,680
87$146,160,771$22,515,635$12,155,044$100,097,442
88$160,913,981$23,463,713$12,407,050$109,667,742
89$177,167,131$24,453,358$12,662,610$120,192,186
90$195,073,059$25,486,454$12,921,688$131,767,287
91$214,800,191$26,564,970$13,184,244$144,499,370
92$236,534,125$27,690,968$13,450,231$158,505,572
93$260,479,387$28,866,606$13,719,594$173,914,941
94$286,861,356$30,094,142$13,992,273$190,869,655
95$315,928,398$31,375,939$14,268,198$209,526,354
96$347,954,205$32,714,470$14,547,293$230,057,616
97$383,240,379$34,112,324$14,829,472$252,653,581
98$422,119,281$35,572,211$15,114,642$277,523,741
99$464,957,164$37,096,966$15,402,700$304,898,912
100$512,157,636$38,689,558$15,693,531$335,033,404