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%14.4%
1 years$478,959$474,692$470,530$466,467$462,500$454,091
2 years$237,108$232,692$228,413$224,263$220,238$211,796
3 years$156,502$152,067$147,798$143,688$139,728$131,516
4 years$116,207$111,785$107,559$103,519$99,655$91,737
5 years$92,036$87,641$83,470$79,512$75,756$68,154
6 years$75,927$71,566$67,456$63,587$59,943$52,666
7 years$64,426$60,101$56,057$52,278$48,750$41,799
8 years$55,803$51,517$47,540$43,855$40,443$33,816
9 years$49,101$44,855$40,947$37,355$34,059$27,753
10 years$43,742$39,538$35,698$32,200$29,020$23,029
11 years$39,360$35,198$31,428$28,024$24,958$19,276
12 years$35,711$31,592$27,892$24,580$21,628$16,247
13 years$32,626$28,550$24,919$21,701$18,860$13,771
14 years$29,984$25,951$22,390$19,264$16,533$11,727
15 years$27,696$23,707$20,215$17,180$14,557$10,024
16 years$25,696$21,750$18,328$15,383$12,865$8,597
17 years$23,933$20,031$16,678$13,821$11,407$7,392
18 years$22,368$18,510$15,225$12,456$10,143$6,371
19 years$20,970$17,155$13,938$11,255$9,040$5,502
20 years$19,712$15,941$12,791$10,193$8,075$4,759
21 years$18,576$14,848$11,765$9,251$7,226$4,122
22 years$17,545$13,860$10,844$8,411$6,477$3,575
23 years$16,605$12,963$10,012$7,660$5,814$3,103
24 years$15,744$12,146$9,260$6,987$5,226$2,697
25 years$14,953$11,398$8,576$6,381$4,703$2,345
26 years$14,225$10,713$7,954$5,834$4,236$2,041
27 years$13,551$10,082$7,386$5,340$3,819$1,777
28 years$12,927$9,500$6,866$4,893$3,446$1,548
29 years$12,347$8,962$6,390$4,487$3,112$1,349
30 years$11,806$8,464$5,952$4,118$2,812$1,176
31 years$11,302$8,001$5,549$3,782$2,542$1,026
32 years$10,830$7,571$5,177$3,476$2,299$895
33 years$10,387$7,170$4,834$3,196$2,081$781
34 years$9,971$6,795$4,516$2,941$1,884$682
35 years$9,580$6,445$4,222$2,707$1,706$595
36 years$9,212$6,117$3,950$2,493$1,546$520
37 years$8,864$5,810$3,697$2,297$1,401$454
38 years$8,535$5,522$3,462$2,117$1,270$396
39 years$8,224$5,250$3,244$1,952$1,152$346
40 years$7,930$4,995$3,040$1,801$1,045$302
41 years$7,650$4,755$2,851$1,661$948$264
42 years$7,384$4,529$2,674$1,533$860$231
43 years$7,132$4,315$2,509$1,415$781$202
44 years$6,891$4,113$2,355$1,307$709$176
45 years$6,662$3,922$2,212$1,207$643$154
46 years$6,444$3,742$2,077$1,115$584$135
47 years$6,235$3,571$1,952$1,030$530$118
48 years$6,036$3,409$1,834$952$482$103
49 years$5,845$3,255$1,724$880$437$90
50 years$5,663$3,109$1,621$813$397$78

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 $5,915 every year, while hoping to spend $24,678 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: 34/48/18 Blend
52$5,800,000$5,800,000$5,800,000$5,800,000
53$6,397,701$6,090,301$6,000,401$6,579,542
54$7,024,010$6,362,469$6,175,158$6,985,837
55$7,713,374$6,647,146$6,354,941$7,420,967
56$8,472,201$6,944,918$6,539,894$7,889,680
57$9,307,548$7,256,402$6,730,163$8,394,959
58$10,227,193$7,582,240$6,925,898$8,940,068
59$11,239,705$7,923,108$7,127,254$9,528,589
60$12,354,527$8,279,713$7,334,390$10,164,443
61$13,582,065$8,652,796$7,547,468$10,851,935
62$14,933,785$9,043,131$7,766,657$11,595,781
63$16,422,319$9,451,533$7,992,129$12,401,156
64$18,061,591$9,878,854$8,224,060$13,273,739
65$19,866,941$10,325,985$8,462,634$14,219,761
66$21,855,273$10,793,862$8,708,036$15,246,062
67$24,045,215$11,283,465$8,960,459$16,360,150
68$26,457,293$11,795,821$9,220,101$17,570,269
69$29,114,126$12,332,006$9,487,163$18,885,475
70$32,040,639$12,893,147$9,761,856$20,315,712
71$35,264,298$13,480,424$10,044,392$21,871,906
72$38,815,369$14,095,078$10,334,991$23,566,062
73$42,727,204$14,738,404$10,633,881$25,411,371
74$47,036,555$15,411,761$10,941,292$27,422,331
75$51,783,921$16,116,576$11,257,463$29,614,878
76$57,013,933$16,854,340$11,582,640$32,006,533
77$62,775,769$17,626,618$11,917,073$34,616,555
78$69,123,625$18,435,049$12,261,023$37,466,124
79$76,117,221$19,281,353$12,614,753$40,578,532
80$83,822,368$20,167,330$12,978,538$43,979,393
81$92,311,588$21,094,867$13,352,657$47,696,884
82$101,664,797$22,065,942$13,737,398$51,761,996
83$111,970,062$23,082,629$14,133,057$56,208,826
84$123,324,431$24,147,101$14,539,937$61,074,887
85$135,834,849$25,261,634$14,958,350$66,401,452
86$149,619,165$26,428,617$15,388,617$72,233,941
87$164,807,251$27,650,550$15,831,067$78,622,333
88$181,542,220$28,930,057$16,286,037$85,621,634
89$199,981,782$30,269,884$16,753,875$93,292,383
90$220,299,730$31,672,915$17,234,936$101,701,215
91$242,687,582$33,142,168$17,729,586$110,921,476
92$267,356,390$34,680,809$18,238,202$121,033,906
93$294,538,729$36,292,155$18,761,168$132,127,390
94$324,490,893$37,979,685$19,298,881$144,299,781
95$357,495,319$39,747,044$19,851,748$157,658,813
96$393,863,246$41,598,054$20,420,187$172,323,105
97$433,937,659$43,536,720$21,004,625$188,423,262
98$478,096,524$45,567,243$21,605,503$206,103,097
99$526,756,355$47,694,023$22,223,273$225,520,971
100$580,376,150$49,921,677$22,858,399$246,851,270