Can I retire at age 53 with 5,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$462,443$458,324$454,305$450,382$446,552$437,894
2 years$228,932$224,668$220,536$216,530$212,644$203,956
3 years$151,105$146,823$142,702$138,733$134,910$126,464
4 years$112,200$107,931$103,850$99,949$96,219$88,079
5 years$88,862$84,619$80,592$76,771$73,144$65,334
6 years$73,309$69,098$65,130$61,394$57,876$50,404
7 years$62,204$58,028$54,124$50,475$47,069$39,936
8 years$53,879$49,741$45,901$42,343$39,048$32,254
9 years$47,408$43,308$39,535$36,066$32,884$26,423
10 years$42,233$38,174$34,467$31,090$28,019$21,885
11 years$38,003$33,984$30,344$27,057$24,097$18,284
12 years$34,480$30,502$26,930$23,733$20,882$15,381
13 years$31,501$27,565$24,060$20,953$18,210$13,011
14 years$28,950$25,056$21,618$18,599$15,963$11,057
15 years$26,741$22,889$19,518$16,587$14,055$9,432
16 years$24,810$21,000$17,696$14,852$12,422$8,072
17 years$23,108$19,341$16,103$13,345$11,014$6,926
18 years$21,597$17,872$14,700$12,026$9,793$5,956
19 years$20,247$16,563$13,457$10,867$8,729$5,132
20 years$19,033$15,391$12,350$9,842$7,797$4,429
21 years$17,936$14,336$11,360$8,932$6,977$3,828
22 years$16,940$13,383$10,470$8,121$6,254$3,312
23 years$16,032$12,516$9,667$7,396$5,614$2,869
24 years$15,201$11,727$8,940$6,746$5,046$2,487
25 years$14,438$11,005$8,280$6,161$4,541$2,157
26 years$13,734$10,343$7,680$5,633$4,090$1,873
27 years$13,084$9,734$7,131$5,156$3,687$1,627
28 years$12,481$9,172$6,629$4,724$3,327$1,414
29 years$11,921$8,653$6,169$4,332$3,004$1,229
30 years$11,399$8,172$5,746$3,976$2,715$1,069
31 years$10,912$7,725$5,357$3,651$2,454$930
32 years$10,456$7,310$4,998$3,356$2,220$809
33 years$10,029$6,922$4,667$3,086$2,009$704
34 years$9,627$6,561$4,361$2,839$1,819$613
35 years$9,250$6,223$4,077$2,614$1,648$534
36 years$8,894$5,906$3,814$2,407$1,493$465
37 years$8,558$5,610$3,570$2,218$1,353$405
38 years$8,241$5,331$3,343$2,044$1,227$353
39 years$7,941$5,069$3,132$1,885$1,112$307
40 years$7,656$4,823$2,936$1,739$1,009$268
41 years$7,386$4,591$2,753$1,604$915$233
42 years$7,130$4,372$2,582$1,480$831$203
43 years$6,886$4,166$2,423$1,367$754$177
44 years$6,654$3,971$2,274$1,262$684$155
45 years$6,432$3,787$2,135$1,165$621$135
46 years$6,221$3,613$2,006$1,076$564$117
47 years$6,020$3,447$1,884$994$512$102
48 years$5,828$3,291$1,771$919$465$89
49 years$5,644$3,143$1,664$849$422$78
50 years$5,468$3,002$1,565$785$384$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,600,000, adding $4,721 every year, while hoping to spend $43,262 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: 55/25/20 Blend
52$5,600,000$5,600,000$5,600,000$5,600,000
53$6,176,070$5,879,270$5,792,470$6,482,092
54$6,759,998$6,121,323$5,940,487$6,933,905
55$7,402,038$6,373,788$6,092,013$7,420,683
56$8,108,070$6,637,128$6,247,119$7,949,843
57$8,884,574$6,911,828$6,405,879$8,525,454
58$9,738,690$7,198,397$6,568,366$9,151,992
59$10,678,285$7,497,367$6,734,655$9,834,380
60$11,712,026$7,809,294$6,904,821$10,578,034
61$12,849,461$8,134,758$7,078,941$11,388,908
62$14,101,113$8,474,368$7,257,093$12,273,556
63$15,478,576$8,828,761$7,439,354$13,239,189
64$16,994,623$9,198,603$7,625,805$14,293,739
65$18,663,329$9,584,589$7,816,524$15,445,937
66$20,500,204$9,987,449$8,011,593$16,705,391
67$22,522,337$10,407,946$8,211,093$18,082,675
68$24,748,557$10,846,877$8,415,107$19,589,429
69$27,199,613$11,305,078$8,623,716$21,238,465
70$29,898,368$11,783,421$8,837,005$23,043,886
71$32,870,015$12,282,822$9,055,058$25,021,219
72$36,142,313$12,804,236$9,277,959$27,187,558
73$39,745,851$13,348,667$9,505,793$29,561,723
74$43,714,336$13,917,160$9,738,646$32,164,436
75$48,084,911$14,510,813$9,976,603$35,018,515
76$52,898,504$15,130,775$10,219,751$38,149,086
77$58,200,214$15,778,245$10,468,175$41,583,816
78$64,039,740$16,454,483$10,721,963$45,353,176
79$70,471,845$17,160,805$10,981,200$49,490,721
80$77,556,876$17,898,587$11,245,974$54,033,407
81$85,361,333$18,669,274$11,516,370$59,021,936
82$93,958,495$19,474,374$11,792,474$64,501,135
83$103,429,112$20,315,469$12,074,372$70,520,381
84$113,862,168$21,194,213$12,362,150$77,134,058
85$125,355,719$22,112,339$12,655,892$84,402,070
86$138,017,819$23,071,661$12,955,681$92,390,403
87$151,967,543$24,074,078$13,261,602$101,171,741
88$167,336,103$25,121,579$13,573,737$110,826,154
89$184,268,094$26,216,245$13,892,166$121,441,841
90$202,922,855$27,360,256$14,216,969$133,115,968
91$223,475,973$28,555,896$14,548,224$145,955,572
92$246,120,942$29,805,554$14,886,009$160,078,573
93$271,070,985$31,111,734$15,230,398$175,614,879
94$298,561,073$32,477,056$15,581,463$192,707,607
95$328,850,136$33,904,265$15,939,276$211,514,430
96$362,223,513$35,396,237$16,303,905$232,209,060
97$398,995,639$36,955,981$16,675,414$254,982,880
98$439,513,021$38,586,651$17,053,867$280,046,747
99$484,157,500$40,291,547$17,439,322$307,632,975
100$533,349,862$42,074,130$17,831,836$337,997,519