Can I retire at age 53 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$478,959$474,692$470,530$466,467$462,500$451,319
2 years$237,108$232,692$228,413$224,263$220,238$209,041
3 years$156,502$152,067$147,798$143,688$139,728$128,864
4 years$116,207$111,785$107,559$103,519$99,655$89,209
5 years$92,036$87,641$83,470$79,512$75,756$65,756
6 years$75,927$71,566$67,456$63,587$59,943$50,399
7 years$64,426$60,101$56,057$52,278$48,750$39,664
8 years$55,803$51,517$47,540$43,855$40,443$31,810
9 years$49,101$44,855$40,947$37,355$34,059$25,873
10 years$43,742$39,538$35,698$32,200$29,020$21,271
11 years$39,360$35,198$31,428$28,024$24,958$17,636
12 years$35,711$31,592$27,892$24,580$21,628$14,720
13 years$32,626$28,550$24,919$21,701$18,860$12,353
14 years$29,984$25,951$22,390$19,264$16,533$10,413
15 years$27,696$23,707$20,215$17,180$14,557$8,809
16 years$25,696$21,750$18,328$15,383$12,865$7,474
17 years$23,933$20,031$16,678$13,821$11,407$6,358
18 years$22,368$18,510$15,225$12,456$10,143$5,420
19 years$20,970$17,155$13,938$11,255$9,040$4,629
20 years$19,712$15,941$12,791$10,193$8,075$3,959
21 years$18,576$14,848$11,765$9,251$7,226$3,390
22 years$17,545$13,860$10,844$8,411$6,477$2,906
23 years$16,605$12,963$10,012$7,660$5,814$2,493
24 years$15,744$12,146$9,260$6,987$5,226$2,141
25 years$14,953$11,398$8,576$6,381$4,703$1,840
26 years$14,225$10,713$7,954$5,834$4,236$1,582
27 years$13,551$10,082$7,386$5,340$3,819$1,361
28 years$12,927$9,500$6,866$4,893$3,446$1,171
29 years$12,347$8,962$6,390$4,487$3,112$1,008
30 years$11,806$8,464$5,952$4,118$2,812$868
31 years$11,302$8,001$5,549$3,782$2,542$748
32 years$10,830$7,571$5,177$3,476$2,299$644
33 years$10,387$7,170$4,834$3,196$2,081$555
34 years$9,971$6,795$4,516$2,941$1,884$479
35 years$9,580$6,445$4,222$2,707$1,706$413
36 years$9,212$6,117$3,950$2,493$1,546$356
37 years$8,864$5,810$3,697$2,297$1,401$307
38 years$8,535$5,522$3,462$2,117$1,270$264
39 years$8,224$5,250$3,244$1,952$1,152$228
40 years$7,930$4,995$3,040$1,801$1,045$197
41 years$7,650$4,755$2,851$1,661$948$170
42 years$7,384$4,529$2,674$1,533$860$146
43 years$7,132$4,315$2,509$1,415$781$126
44 years$6,891$4,113$2,355$1,307$709$109
45 years$6,662$3,922$2,212$1,207$643$94
46 years$6,444$3,742$2,077$1,115$584$81
47 years$6,235$3,571$1,952$1,030$530$70
48 years$6,036$3,409$1,834$952$482$60
49 years$5,845$3,255$1,724$880$437$52
50 years$5,663$3,109$1,621$813$397$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,800,000, adding $2,997 every year, while hoping to spend $49,800 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: 30/42/28 Blend
52$5,800,000$5,800,000$5,800,000$5,800,000
53$6,394,691$6,087,291$5,997,391$6,531,362
54$6,993,963$6,332,582$6,145,317$6,883,754
55$7,652,691$6,588,222$6,296,529$7,258,019
56$8,376,888$6,854,668$6,451,086$7,659,658
57$9,173,178$7,132,393$6,609,044$8,091,089
58$10,048,856$7,421,895$6,770,461$8,554,959
59$11,011,965$7,723,693$6,935,397$9,054,173
60$12,071,361$8,038,330$7,103,909$9,591,914
61$13,236,806$8,366,374$7,276,055$10,171,677
62$14,519,052$8,708,418$7,451,895$10,797,295
63$15,929,948$9,065,084$7,631,486$11,472,977
64$17,482,549$9,437,019$7,814,887$12,203,340
65$19,191,240$9,824,903$8,002,156$12,993,457
66$21,071,869$10,229,446$8,193,351$13,848,897
67$23,141,900$10,651,390$8,388,530$14,775,777
68$25,420,577$11,091,511$8,587,748$15,780,817
69$27,929,102$11,550,622$8,791,064$16,871,402
70$30,690,840$12,029,571$8,998,534$18,055,646
71$33,731,532$12,529,247$9,210,212$19,342,468
72$37,079,548$13,050,579$9,426,153$20,741,671
73$40,766,144$13,594,540$9,646,412$22,264,033
74$44,825,765$14,162,146$9,871,040$23,921,405
75$49,296,363$14,754,461$10,100,090$25,726,817
76$54,219,761$15,372,599$10,333,612$27,694,602
77$59,642,043$16,017,723$10,571,654$29,840,521
78$65,613,991$16,691,051$10,814,265$32,181,916
79$72,191,565$17,393,860$11,061,490$34,737,860
80$79,436,428$18,127,481$11,313,372$37,529,340
81$87,416,527$18,893,312$11,569,955$40,579,447
82$96,206,741$19,692,813$11,831,276$43,913,590
83$105,889,580$20,527,511$12,097,375$47,559,732
84$116,555,965$21,399,007$12,368,285$51,548,647
85$128,306,089$22,308,974$12,644,038$55,914,205
86$141,250,360$23,259,164$12,924,664$60,693,688
87$155,510,444$24,251,411$13,210,187$65,928,133
88$171,220,412$25,287,632$13,500,631$71,662,717
89$188,528,006$26,369,838$13,796,014$77,947,174
90$207,596,032$27,500,130$14,096,350$84,836,257
91$228,603,899$28,680,708$14,401,649$92,390,254
92$251,749,311$29,913,876$14,711,918$100,675,540
93$277,250,130$31,202,046$15,027,157$109,765,205
94$305,346,438$32,547,741$15,347,362$119,739,731
95$336,302,799$33,953,605$15,672,523$130,687,744
96$370,410,756$35,422,403$16,002,624$142,706,843
97$407,991,584$36,957,032$16,337,643$155,904,511
98$449,399,324$38,560,524$16,677,552$170,399,122
99$495,024,119$40,236,054$17,022,314$186,321,047
100$545,295,904$41,986,946$17,371,887$203,813,875