Can I retire at age 53 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$470,701$466,508$462,417$458,425$454,526$443,178
2 years$233,020$228,680$224,474$220,396$216,441$205,080
3 years$153,804$149,445$145,250$141,210$137,319$126,300
4 years$114,203$109,858$105,705$101,734$97,937$87,345
5 years$90,449$86,130$82,031$78,141$74,450$64,315
6 years$74,618$70,332$66,293$62,490$58,910$49,241
7 years$63,315$59,064$55,090$51,377$47,910$38,708
8 years$54,841$50,629$46,721$43,099$39,746$31,008
9 years$48,254$44,082$40,241$36,711$33,472$25,190
10 years$42,987$38,856$35,083$31,645$28,519$20,684
11 years$38,681$34,591$30,886$27,540$24,528$17,127
12 years$35,095$31,047$27,411$24,157$21,255$14,277
13 years$32,063$28,058$24,490$21,327$18,535$11,965
14 years$29,467$25,504$22,004$18,931$16,248$10,072
15 years$27,218$23,298$19,867$16,884$14,306$8,508
16 years$25,253$21,375$18,012$15,117$12,643$7,209
17 years$23,521$19,686$16,390$13,583$11,210$6,124
18 years$21,983$18,191$14,962$12,241$9,968$5,212
19 years$20,608$16,859$13,697$11,061$8,885$4,445
20 years$19,372$15,666$12,571$10,018$7,936$3,795
21 years$18,256$14,592$11,563$9,092$7,102$3,245
22 years$17,242$13,621$10,657$8,266$6,366$2,778
23 years$16,318$12,740$9,840$7,528$5,714$2,380
24 years$15,472$11,936$9,100$6,866$5,136$2,040
25 years$14,695$11,202$8,428$6,271$4,622$1,750
26 years$13,979$10,528$7,817$5,734$4,163$1,503
27 years$13,318$9,908$7,259$5,248$3,753$1,290
28 years$12,704$9,336$6,748$4,808$3,387$1,109
29 years$12,134$8,808$6,279$4,409$3,058$953
30 years$11,603$8,318$5,849$4,047$2,763$819
31 years$11,107$7,863$5,453$3,717$2,498$704
32 years$10,643$7,440$5,088$3,416$2,260$606
33 years$10,208$7,046$4,750$3,141$2,045$521
34 years$9,799$6,678$4,438$2,890$1,852$449
35 years$9,415$6,334$4,150$2,660$1,677$386
36 years$9,053$6,012$3,882$2,450$1,520$332
37 years$8,711$5,710$3,633$2,257$1,377$286
38 years$8,388$5,426$3,403$2,081$1,249$246
39 years$8,082$5,160$3,188$1,919$1,132$212
40 years$7,793$4,909$2,988$1,770$1,027$182
41 years$7,518$4,673$2,802$1,633$932$157
42 years$7,257$4,451$2,628$1,507$845$135
43 years$7,009$4,241$2,466$1,391$767$117
44 years$6,772$4,042$2,315$1,284$696$100
45 years$6,547$3,855$2,174$1,186$632$86
46 years$6,333$3,677$2,042$1,096$574$74
47 years$6,128$3,509$1,918$1,012$521$64
48 years$5,932$3,350$1,802$935$473$55
49 years$5,744$3,199$1,694$864$430$48
50 years$5,565$3,056$1,593$799$391$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,700,000, adding $4,187 every year, while hoping to spend $39,419 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: 74/7/19 Blend
52$5,700,000$5,700,000$5,700,000$5,700,000
53$6,285,719$5,983,619$5,895,269$6,722,511
54$6,884,921$6,234,875$6,050,819$7,264,088
55$7,543,920$6,497,121$6,210,259$7,852,166
56$8,268,774$6,770,854$6,373,677$8,495,576
57$9,066,158$7,056,595$6,541,164$9,199,817
58$9,943,425$7,354,887$6,712,812$9,970,944
59$10,908,678$7,666,300$6,888,714$10,815,624
60$11,970,843$7,991,429$7,068,967$11,741,200
61$13,139,758$8,330,898$7,253,666$12,755,758
62$14,426,261$8,685,360$7,442,911$13,868,205
63$15,842,294$9,055,497$7,636,803$15,088,348
64$17,401,016$9,442,024$7,835,444$16,426,993
65$19,116,926$9,845,689$8,038,938$17,896,037
66$21,006,001$10,267,276$8,247,390$19,508,588
67$23,085,844$10,707,604$8,460,909$21,279,082
68$25,375,854$11,167,530$8,679,603$23,223,425
69$27,897,406$11,647,954$8,903,585$25,359,133
70$30,674,052$12,149,814$9,132,965$27,705,506
71$33,731,746$12,674,096$9,367,860$30,283,802
72$37,099,086$13,221,829$9,608,386$33,117,443
73$40,807,586$13,794,092$9,854,660$36,232,228
74$44,891,972$14,392,014$10,106,803$39,656,584
75$49,390,508$15,016,778$10,364,936$43,421,824
76$54,345,361$15,669,621$10,629,183$47,562,451
77$59,802,996$16,351,840$10,899,668$52,116,475
78$65,814,612$17,064,792$11,176,518$57,125,774
79$72,436,633$17,809,896$11,459,861$62,636,488
80$79,731,231$18,588,643$11,749,828$68,699,454
81$87,766,919$19,402,589$12,046,550$75,370,683
82$96,619,195$20,253,366$12,350,159$82,711,888
83$106,371,254$21,142,682$12,660,791$90,791,065
84$117,114,776$22,072,328$12,978,582$99,683,136
85$128,950,787$23,044,176$13,303,668$109,470,651
86$141,990,616$24,060,189$13,636,190$120,244,567
87$156,356,943$25,122,423$13,976,287$132,105,106
88$172,184,960$26,233,029$14,324,100$145,162,701
89$189,623,641$27,394,263$14,679,773$159,539,031
90$208,837,156$28,608,486$15,043,449$175,368,176
91$230,006,415$29,878,171$15,415,274$192,797,873
92$253,330,776$31,205,907$15,795,392$211,990,915
93$279,029,928$32,594,410$16,183,951$233,126,683
94$307,345,966$34,046,521$16,581,098$256,402,838
95$338,545,671$35,565,218$16,986,982$282,037,182
96$372,923,035$37,153,618$17,401,751$310,269,719
97$410,802,029$38,814,990$17,825,554$341,364,910
98$452,539,667$40,552,756$18,258,541$375,614,175
99$498,529,373$42,370,501$18,700,863$413,338,634
100$549,204,695$44,271,982$19,152,667$454,892,145