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%15.7%
1 years$478,959$474,692$470,530$466,467$462,500$451,686
2 years$237,108$232,692$228,413$224,263$220,238$209,405
3 years$156,502$152,067$147,798$143,688$139,728$129,214
4 years$116,207$111,785$107,559$103,519$99,655$89,541
5 years$92,036$87,641$83,470$79,512$75,756$66,070
6 years$75,927$71,566$67,456$63,587$59,943$50,696
7 years$64,426$60,101$56,057$52,278$48,750$39,942
8 years$55,803$51,517$47,540$43,855$40,443$32,071
9 years$49,101$44,855$40,947$37,355$34,059$26,116
10 years$43,742$39,538$35,698$32,200$29,020$21,498
11 years$39,360$35,198$31,428$28,024$24,958$17,847
12 years$35,711$31,592$27,892$24,580$21,628$14,916
13 years$32,626$28,550$24,919$21,701$18,860$12,534
14 years$29,984$25,951$22,390$19,264$16,533$10,579
15 years$27,696$23,707$20,215$17,180$14,557$8,962
16 years$25,696$21,750$18,328$15,383$12,865$7,616
17 years$23,933$20,031$16,678$13,821$11,407$6,488
18 years$22,368$18,510$15,225$12,456$10,143$5,539
19 years$20,970$17,155$13,938$11,255$9,040$4,737
20 years$19,712$15,941$12,791$10,193$8,075$4,057
21 years$18,576$14,848$11,765$9,251$7,226$3,480
22 years$17,545$13,860$10,844$8,411$6,477$2,988
23 years$16,605$12,963$10,012$7,660$5,814$2,568
24 years$15,744$12,146$9,260$6,987$5,226$2,208
25 years$14,953$11,398$8,576$6,381$4,703$1,901
26 years$14,225$10,713$7,954$5,834$4,236$1,637
27 years$13,551$10,082$7,386$5,340$3,819$1,410
28 years$12,927$9,500$6,866$4,893$3,446$1,216
29 years$12,347$8,962$6,390$4,487$3,112$1,048
30 years$11,806$8,464$5,952$4,118$2,812$904
31 years$11,302$8,001$5,549$3,782$2,542$780
32 years$10,830$7,571$5,177$3,476$2,299$673
33 years$10,387$7,170$4,834$3,196$2,081$581
34 years$9,971$6,795$4,516$2,941$1,884$502
35 years$9,580$6,445$4,222$2,707$1,706$433
36 years$9,212$6,117$3,950$2,493$1,546$374
37 years$8,864$5,810$3,697$2,297$1,401$323
38 years$8,535$5,522$3,462$2,117$1,270$279
39 years$8,224$5,250$3,244$1,952$1,152$241
40 years$7,930$4,995$3,040$1,801$1,045$208
41 years$7,650$4,755$2,851$1,661$948$180
42 years$7,384$4,529$2,674$1,533$860$155
43 years$7,132$4,315$2,509$1,415$781$134
44 years$6,891$4,113$2,355$1,307$709$116
45 years$6,662$3,922$2,212$1,207$643$100
46 years$6,444$3,742$2,077$1,115$584$87
47 years$6,235$3,571$1,952$1,030$530$75
48 years$6,036$3,409$1,834$952$482$65
49 years$5,845$3,255$1,724$880$437$56
50 years$5,663$3,109$1,621$813$397$48

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 $2,220 every year, while hoping to spend $46,367 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: 64/12/24 Blend
52$5,800,000$5,800,000$5,800,000$5,800,000
53$6,393,890$6,086,490$5,996,590$6,762,863
54$6,996,733$6,335,394$6,148,142$7,261,047
55$7,659,511$6,594,940$6,303,216$7,799,751
56$8,388,290$6,865,601$6,461,883$8,387,298
57$9,189,751$7,147,871$6,624,211$9,028,479
58$10,071,256$7,442,266$6,790,272$9,728,570
59$11,040,914$7,749,328$6,960,137$10,493,376
60$12,107,663$8,069,621$7,133,877$11,329,290
61$13,281,349$8,403,736$7,311,566$12,243,348
62$14,572,820$8,752,292$7,493,277$13,243,297
63$15,994,029$9,115,936$7,679,083$14,337,668
64$17,558,147$9,495,344$7,869,060$15,535,853
65$19,279,686$9,891,224$8,063,281$16,848,196
66$21,174,636$10,304,316$8,261,823$18,286,086
67$23,260,617$10,735,396$8,464,762$19,862,066
68$25,557,041$11,185,272$8,672,173$21,589,950
69$28,085,303$11,654,793$8,884,134$23,484,950
70$30,868,972$12,144,846$9,100,721$25,563,822
71$33,934,022$12,656,359$9,322,010$27,845,021
72$37,309,076$13,190,304$9,548,081$30,348,875
73$41,025,668$13,747,695$9,779,008$33,097,772
74$45,118,552$14,329,598$10,014,871$36,116,376
75$49,626,020$14,937,124$10,255,745$39,431,854
76$54,590,270$15,571,439$10,501,708$43,074,132
77$60,057,798$16,233,760$10,752,836$47,076,177
78$66,079,843$16,925,364$11,009,205$51,474,305
79$72,712,865$17,647,585$11,270,892$56,308,523
80$80,019,081$18,401,820$11,537,970$61,622,908
81$88,067,051$19,189,533$11,810,515$67,466,015
82$96,932,323$20,012,252$12,088,600$73,891,339
83$106,698,149$20,871,582$12,372,298$80,957,815
84$117,456,270$21,769,199$12,661,680$88,730,375
85$129,307,778$22,706,859$12,956,815$97,280,557
86$142,364,076$23,686,400$13,257,773$106,687,179
87$156,747,924$24,709,746$13,564,620$117,037,080
88$172,594,600$25,778,911$13,877,423$128,425,940
89$190,053,176$26,896,004$14,196,243$140,959,178
90$209,287,925$28,063,234$14,521,143$154,752,946
91$230,479,873$29,282,912$14,852,180$169,935,222
92$253,828,504$30,557,458$15,189,412$186,647,019
93$279,553,644$31,889,407$15,532,891$205,043,708
94$307,897,541$33,281,412$15,882,667$225,296,488
95$339,127,141$34,736,253$16,238,788$247,593,994
96$373,536,618$36,256,838$16,601,296$272,144,076
97$411,450,145$37,846,215$16,970,231$299,175,763
98$453,224,955$39,507,574$17,345,629$328,941,414
99$499,254,713$41,244,258$17,727,520$361,719,101
100$549,973,231$43,059,764$18,115,929$397,815,231