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%14.3%
1 years$478,959$474,692$470,530$466,467$462,500$454,278
2 years$237,108$232,692$228,413$224,263$220,238$211,982
3 years$156,502$152,067$147,798$143,688$139,728$131,696
4 years$116,207$111,785$107,559$103,519$99,655$91,908
5 years$92,036$87,641$83,470$79,512$75,756$68,317
6 years$75,927$71,566$67,456$63,587$59,943$52,820
7 years$64,426$60,101$56,057$52,278$48,750$41,945
8 years$55,803$51,517$47,540$43,855$40,443$33,955
9 years$49,101$44,855$40,947$37,355$34,059$27,883
10 years$43,742$39,538$35,698$32,200$29,020$23,151
11 years$39,360$35,198$31,428$28,024$24,958$19,390
12 years$35,711$31,592$27,892$24,580$21,628$16,354
13 years$32,626$28,550$24,919$21,701$18,860$13,871
14 years$29,984$25,951$22,390$19,264$16,533$11,820
15 years$27,696$23,707$20,215$17,180$14,557$10,111
16 years$25,696$21,750$18,328$15,383$12,865$8,677
17 years$23,933$20,031$16,678$13,821$11,407$7,467
18 years$22,368$18,510$15,225$12,456$10,143$6,440
19 years$20,970$17,155$13,938$11,255$9,040$5,565
20 years$19,712$15,941$12,791$10,193$8,075$4,817
21 years$18,576$14,848$11,765$9,251$7,226$4,176
22 years$17,545$13,860$10,844$8,411$6,477$3,624
23 years$16,605$12,963$10,012$7,660$5,814$3,149
24 years$15,744$12,146$9,260$6,987$5,226$2,738
25 years$14,953$11,398$8,576$6,381$4,703$2,383
26 years$14,225$10,713$7,954$5,834$4,236$2,075
27 years$13,551$10,082$7,386$5,340$3,819$1,809
28 years$12,927$9,500$6,866$4,893$3,446$1,577
29 years$12,347$8,962$6,390$4,487$3,112$1,375
30 years$11,806$8,464$5,952$4,118$2,812$1,200
31 years$11,302$8,001$5,549$3,782$2,542$1,048
32 years$10,830$7,571$5,177$3,476$2,299$915
33 years$10,387$7,170$4,834$3,196$2,081$799
34 years$9,971$6,795$4,516$2,941$1,884$698
35 years$9,580$6,445$4,222$2,707$1,706$610
36 years$9,212$6,117$3,950$2,493$1,546$533
37 years$8,864$5,810$3,697$2,297$1,401$466
38 years$8,535$5,522$3,462$2,117$1,270$407
39 years$8,224$5,250$3,244$1,952$1,152$356
40 years$7,930$4,995$3,040$1,801$1,045$311
41 years$7,650$4,755$2,851$1,661$948$272
42 years$7,384$4,529$2,674$1,533$860$238
43 years$7,132$4,315$2,509$1,415$781$208
44 years$6,891$4,113$2,355$1,307$709$182
45 years$6,662$3,922$2,212$1,207$643$159
46 years$6,444$3,742$2,077$1,115$584$139
47 years$6,235$3,571$1,952$1,030$530$122
48 years$6,036$3,409$1,834$952$482$106
49 years$5,845$3,255$1,724$880$437$93
50 years$5,663$3,109$1,621$813$397$81

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 $4,010 every year, while hoping to spend $23,644 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: 49/31/20 Blend
52$5,800,000$5,800,000$5,800,000$5,800,000
53$6,395,736$6,088,336$5,998,436$6,673,015
54$7,022,944$6,361,508$6,174,227$7,138,969
55$7,713,335$6,647,272$6,355,114$7,642,140
56$8,473,329$6,946,222$6,541,243$8,188,269
57$9,309,998$7,258,976$6,732,765$8,781,406
58$10,231,138$7,586,187$6,929,833$9,426,005
59$11,245,337$7,928,533$7,132,605$10,126,958
60$12,362,059$8,286,729$7,341,245$10,889,639
61$13,591,733$8,661,522$7,555,920$11,719,959
62$14,945,848$9,053,695$7,776,802$12,624,412
63$16,437,068$9,464,069$8,004,068$13,610,139
64$18,079,344$9,893,504$8,237,900$14,684,992
65$19,888,052$10,342,900$8,478,485$15,857,604
66$21,880,133$10,813,203$8,726,014$17,137,470
67$24,074,258$11,305,400$8,980,686$18,535,034
68$26,490,996$11,820,529$9,242,704$20,061,784
69$29,153,019$12,359,676$9,512,275$21,730,357
70$32,085,306$12,923,980$9,789,616$23,554,656
71$35,315,385$13,514,632$10,074,946$25,549,980
72$38,873,590$14,132,885$10,368,492$27,733,161
73$42,793,346$14,780,046$10,670,486$30,122,723
74$47,111,489$15,457,490$10,981,169$32,739,053
75$51,868,610$16,166,655$11,300,787$35,604,587
76$57,109,436$16,909,050$11,629,591$38,744,021
77$62,883,259$17,686,254$11,967,843$42,184,538
78$69,244,395$18,499,924$12,315,809$45,956,062
79$76,252,698$19,351,795$12,673,764$50,091,535
80$83,974,128$20,243,687$13,041,990$54,627,223
81$92,481,368$21,177,508$13,420,776$59,603,054
82$101,854,517$22,155,254$13,810,421$65,062,992
83$112,181,838$23,179,022$14,211,230$71,055,441
84$123,560,598$24,251,007$14,623,519$77,633,702
85$136,097,982$25,373,509$15,047,610$84,856,469
86$149,912,106$26,548,941$15,483,835$92,788,376
87$165,133,134$27,779,832$15,932,536$101,500,600
88$181,904,501$29,068,831$16,394,063$111,071,528
89$200,384,272$30,418,717$16,868,777$121,587,491
90$220,746,634$31,832,400$17,357,047$133,143,570
91$243,183,537$33,312,934$17,859,254$145,844,483
92$267,906,508$34,863,517$18,375,789$159,805,574
93$295,148,646$36,487,504$18,907,052$175,153,885
94$325,166,826$38,188,409$19,453,457$192,029,352
95$358,244,120$39,969,920$20,015,426$210,586,115
96$394,692,472$41,835,898$20,593,394$230,993,963
97$434,855,641$43,790,393$21,187,810$253,439,928
98$479,112,446$45,837,652$21,799,131$278,130,042
99$527,880,344$47,982,125$22,427,830$305,291,268
100$581,619,367$50,228,477$23,074,390$335,173,631