Can I retire at age 53 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$487,216$482,877$478,642$474,510$470,474$464,403
2 years$241,196$236,704$232,351$228,130$224,035$217,927
3 years$159,200$154,689$150,346$146,165$142,137$136,182
4 years$118,210$113,713$109,414$105,304$101,373$95,617
5 years$93,623$89,152$84,909$80,883$77,063$71,522
6 years$77,236$72,799$68,619$64,683$60,977$55,659
7 years$65,536$61,137$57,023$53,179$49,591$44,497
8 years$56,765$52,406$48,360$44,611$41,140$36,270
9 years$49,947$45,628$41,653$37,999$34,646$29,998
10 years$44,496$40,219$36,314$32,755$29,520$25,090
11 years$40,038$35,805$31,970$28,507$25,388$21,173
12 years$36,327$32,136$28,373$25,004$22,001$17,995
13 years$33,188$29,042$25,349$22,075$19,185$15,384
14 years$30,501$26,398$22,776$19,596$16,818$13,215
15 years$28,174$24,115$20,564$17,476$14,808$11,397
16 years$26,139$22,125$18,644$15,648$13,087$9,863
17 years$24,346$20,377$16,965$14,059$11,604$8,560
18 years$22,754$18,829$15,487$12,670$10,318$7,447
19 years$21,331$17,450$14,178$11,449$9,196$6,493
20 years$20,052$16,216$13,012$10,369$8,214$5,670
21 years$18,897$15,104$11,968$9,411$7,351$4,960
22 years$17,847$14,099$11,031$8,556$6,589$4,345
23 years$16,891$13,187$10,185$7,792$5,915$3,810
24 years$16,015$12,355$9,419$7,107$5,316$3,344
25 years$15,211$11,595$8,724$6,491$4,784$2,938
26 years$14,470$10,897$8,091$5,935$4,309$2,583
27 years$13,785$10,256$7,513$5,432$3,885$2,273
28 years$13,150$9,664$6,985$4,977$3,506$2,001
29 years$12,560$9,117$6,500$4,564$3,165$1,763
30 years$12,010$8,610$6,054$4,189$2,860$1,553
31 years$11,497$8,139$5,644$3,847$2,586$1,369
32 years$11,016$7,701$5,266$3,535$2,339$1,208
33 years$10,566$7,293$4,917$3,251$2,117$1,065
34 years$10,143$6,912$4,594$2,991$1,917$940
35 years$9,745$6,556$4,295$2,754$1,736$830
36 years$9,371$6,223$4,018$2,536$1,573$732
37 years$9,017$5,910$3,761$2,337$1,426$647
38 years$8,682$5,617$3,522$2,154$1,292$571
39 years$8,366$5,341$3,300$1,986$1,172$504
40 years$8,066$5,082$3,093$1,832$1,063$445
41 years$7,782$4,837$2,900$1,690$964$394
42 years$7,512$4,607$2,720$1,560$875$348
43 years$7,255$4,389$2,553$1,440$794$307
44 years$7,010$4,184$2,396$1,329$721$271
45 years$6,777$3,990$2,250$1,228$654$240
46 years$6,555$3,806$2,113$1,134$594$212
47 years$6,343$3,632$1,985$1,048$540$187
48 years$6,140$3,467$1,866$968$490$166
49 years$5,946$3,311$1,754$895$445$146
50 years$5,760$3,163$1,649$827$404$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,900,000, adding $4,552 every year, while hoping to spend $22,133 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: 82/9/9 Blend
52$5,900,000$5,900,000$5,900,000$5,900,000
53$6,506,495$6,193,795$6,102,345$7,031,468
54$7,146,609$6,473,742$6,283,225$7,655,726
55$7,851,272$6,766,664$6,469,421$8,337,529
56$8,627,045$7,073,174$6,661,091$9,085,384
57$9,481,158$7,393,914$6,858,392$9,905,900
58$10,421,576$7,729,557$7,061,488$10,806,353
59$11,457,078$8,080,805$7,270,548$11,794,757
60$12,597,334$8,448,399$7,485,746$12,879,938
61$13,853,002$8,833,111$7,707,259$14,071,616
62$15,235,828$9,235,753$7,935,272$15,380,499
63$16,758,751$9,657,173$8,169,972$16,818,376
64$18,436,031$10,098,262$8,411,553$18,398,237
65$20,283,382$10,559,953$8,660,217$20,134,387
66$22,318,120$11,043,224$8,916,167$22,042,585
67$24,559,325$11,549,098$9,179,615$24,140,190
68$27,028,022$12,078,650$9,450,778$26,446,322
69$29,747,382$12,633,006$9,729,880$28,982,046
70$32,742,935$13,213,343$10,017,151$31,770,565
71$36,042,816$13,820,898$10,312,828$34,837,442
72$39,678,028$14,456,967$10,617,152$38,210,837
73$43,682,735$15,122,907$10,930,375$41,921,775
74$48,094,585$15,820,140$11,252,754$46,004,433
75$52,955,064$16,550,159$11,584,553$50,496,465
76$58,309,890$17,314,526$11,926,044$55,439,357
77$64,209,440$18,114,879$12,277,508$60,878,813
78$70,709,230$18,952,936$12,639,232$66,865,188
79$77,870,438$19,830,496$13,011,513$73,453,962
80$85,760,478$20,749,445$13,394,654$80,706,260
81$94,453,641$21,711,762$13,788,968$88,689,431
82$104,031,792$22,719,518$14,194,779$97,477,676
83$114,585,147$23,774,887$14,612,416$107,152,755
84$126,213,121$24,880,145$15,042,221$117,804,749
85$139,025,267$26,037,680$15,484,543$129,532,913
86$153,142,312$27,249,994$15,939,743$142,446,612
87$168,697,294$28,519,710$16,408,191$156,666,345
88$185,836,821$29,849,578$16,890,268$172,324,887
89$204,722,449$31,242,481$17,386,365$189,568,539
90$225,532,215$32,701,439$17,896,884$208,558,502
91$248,462,312$34,229,620$18,422,241$229,472,403
92$273,728,942$35,830,345$18,962,860$252,505,963
93$301,570,357$37,507,095$19,519,179$277,874,847
94$332,249,111$39,263,520$20,091,648$305,816,695
95$366,054,532$41,103,444$20,680,730$336,593,360
96$403,305,461$43,030,880$21,286,901$370,493,382
97$444,353,255$45,050,030$21,910,650$407,834,706
98$489,585,109$47,165,304$22,552,479$448,967,678
99$539,427,710$49,381,323$23,212,906$494,278,353
100$594,351,260$51,702,931$23,892,462$544,192,135