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

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$462,443$458,324$454,305$450,382$446,552$430,537
2 years$228,932$224,668$220,536$216,530$212,644$196,682
3 years$151,105$146,823$142,702$138,733$134,910$119,503
4 years$112,200$107,931$103,850$99,949$96,219$81,485
5 years$88,862$84,619$80,592$76,771$73,144$59,121
6 years$73,309$69,098$65,130$61,394$57,876$44,576
7 years$62,204$58,028$54,124$50,475$47,069$34,487
8 years$53,879$49,741$45,901$42,343$39,048$27,174
9 years$47,408$43,308$39,535$36,066$32,884$21,703
10 years$42,233$38,174$34,467$31,090$28,019$17,510
11 years$38,003$33,984$30,344$27,057$24,097$14,240
12 years$34,480$30,502$26,930$23,733$20,882$11,652
13 years$31,501$27,565$24,060$20,953$18,210$9,582
14 years$28,950$25,056$21,618$18,599$15,963$7,911
15 years$26,741$22,889$19,518$16,587$14,055$6,552
16 years$24,810$21,000$17,696$14,852$12,422$5,441
17 years$23,108$19,341$16,103$13,345$11,014$4,528
18 years$21,597$17,872$14,700$12,026$9,793$3,775
19 years$20,247$16,563$13,457$10,867$8,729$3,152
20 years$19,033$15,391$12,350$9,842$7,797$2,634
21 years$17,936$14,336$11,360$8,932$6,977$2,204
22 years$16,940$13,383$10,470$8,121$6,254$1,846
23 years$16,032$12,516$9,667$7,396$5,614$1,547
24 years$15,201$11,727$8,940$6,746$5,046$1,297
25 years$14,438$11,005$8,280$6,161$4,541$1,088
26 years$13,734$10,343$7,680$5,633$4,090$913
27 years$13,084$9,734$7,131$5,156$3,687$767
28 years$12,481$9,172$6,629$4,724$3,327$644
29 years$11,921$8,653$6,169$4,332$3,004$541
30 years$11,399$8,172$5,746$3,976$2,715$454
31 years$10,912$7,725$5,357$3,651$2,454$382
32 years$10,456$7,310$4,998$3,356$2,220$321
33 years$10,029$6,922$4,667$3,086$2,009$270
34 years$9,627$6,561$4,361$2,839$1,819$227
35 years$9,250$6,223$4,077$2,614$1,648$191
36 years$8,894$5,906$3,814$2,407$1,493$160
37 years$8,558$5,610$3,570$2,218$1,353$135
38 years$8,241$5,331$3,343$2,044$1,227$113
39 years$7,941$5,069$3,132$1,885$1,112$95
40 years$7,656$4,823$2,936$1,739$1,009$80
41 years$7,386$4,591$2,753$1,604$915$67
42 years$7,130$4,372$2,582$1,480$831$57
43 years$6,886$4,166$2,423$1,367$754$48
44 years$6,654$3,971$2,274$1,262$684$40
45 years$6,432$3,787$2,135$1,165$621$34
46 years$6,221$3,613$2,006$1,076$564$28
47 years$6,020$3,447$1,884$994$512$24
48 years$5,828$3,291$1,771$919$465$20
49 years$5,644$3,143$1,664$849$422$17
50 years$5,468$3,002$1,565$785$384$14

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 $4,904 every year, while hoping to spend $50,602 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: 65/12/23 Blend
52$5,600,000$5,600,000$5,600,000$5,600,000
53$6,176,258$5,879,458$5,792,658$6,540,700
54$6,752,397$6,113,712$5,932,872$7,020,910
55$7,385,605$6,357,748$6,076,088$7,539,375
56$8,081,651$6,611,992$6,222,351$8,104,865
57$8,846,890$6,876,889$6,371,710$8,721,998
58$9,688,321$7,152,906$6,524,211$9,395,859
59$10,613,659$7,440,527$6,679,900$10,132,045
60$11,631,400$7,740,261$6,838,825$10,936,720
61$12,750,908$8,052,639$7,001,032$11,816,666
62$13,982,499$8,378,217$7,166,564$12,779,355
63$15,337,539$8,717,574$7,335,469$13,833,011
64$16,828,551$9,071,318$7,507,790$14,986,692
65$18,469,333$9,440,082$7,683,571$16,250,374
66$20,275,089$9,824,531$7,862,855$17,635,039
67$22,262,572$10,225,357$8,045,685$19,152,785
68$24,450,240$10,643,285$8,232,101$20,816,935
69$26,858,433$11,079,074$8,422,144$22,642,164
70$29,509,560$11,533,515$8,615,853$24,644,632
71$32,428,316$12,007,439$8,813,265$26,842,144
72$35,641,913$12,501,712$9,014,418$29,254,306
73$39,180,332$13,017,240$9,219,345$31,902,720
74$43,076,613$13,554,972$9,428,080$34,811,177
75$47,367,161$14,115,898$9,640,654$38,005,888
76$52,092,092$14,701,058$9,857,096$41,515,725
77$57,295,610$15,311,535$10,077,434$45,372,495
78$63,026,426$15,948,464$10,301,692$49,611,240
79$69,338,216$16,613,033$10,529,893$54,270,560
80$76,290,125$17,306,483$10,762,056$59,392,985
81$83,947,331$18,030,113$10,998,197$65,025,367
82$92,381,653$18,785,284$11,238,332$71,219,327
83$101,672,235$19,573,416$11,482,469$78,031,736
84$111,906,287$20,395,997$11,730,616$85,525,253
85$123,179,913$21,254,585$11,982,775$93,768,913
86$135,599,012$22,150,808$12,238,946$102,838,778
87$149,280,284$23,086,370$12,499,124$112,818,653
88$164,352,326$24,063,055$12,763,298$123,800,874
89$180,956,848$25,082,730$13,031,453$135,887,181
90$199,250,010$26,147,347$13,303,570$149,189,671
91$219,403,895$27,258,951$13,579,624$163,831,861
92$241,608,133$28,419,680$13,859,582$179,949,843
93$266,071,692$29,631,774$14,143,407$197,693,576
94$293,024,849$30,897,576$14,431,056$217,228,291
95$322,721,364$32,219,538$14,722,477$238,736,054
96$355,440,876$33,600,227$15,017,612$262,417,480
97$391,491,538$35,042,331$15,316,395$288,493,622
98$431,212,932$36,548,663$15,618,752$317,208,060
99$474,979,270$38,122,166$15,924,599$348,829,192
100$523,202,927$39,765,924$16,233,845$383,652,770