Can I retire at age 53 with 6,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$495,474$491,061$486,755$482,552$478,448$467,833
2 years$245,284$240,716$236,289$231,996$227,833$217,192
3 years$161,899$157,311$152,895$148,642$144,546$134,214
4 years$120,214$115,640$111,268$107,088$103,092$93,147
5 years$95,210$90,663$86,349$82,254$78,369$68,840
6 years$78,545$74,033$69,782$65,779$62,010$52,907
7 years$66,647$62,173$57,990$54,081$50,431$41,755
8 years$57,728$53,294$49,180$45,367$41,837$33,585
9 years$50,794$46,402$42,359$38,643$35,233$27,399
10 years$45,250$40,901$36,929$33,310$30,020$22,596
11 years$40,717$36,412$32,512$28,990$25,819$18,794
12 years$36,942$32,681$28,853$25,428$22,374$15,738
13 years$33,751$29,534$25,779$22,449$19,510$13,251
14 years$31,018$26,846$23,162$19,928$17,103$11,208
15 years$28,651$24,524$20,912$17,772$15,059$9,515
16 years$26,582$22,500$18,960$15,913$13,309$8,102
17 years$24,759$20,722$17,253$14,298$11,801$6,917
18 years$23,140$19,148$15,750$12,885$10,492$5,918
19 years$21,693$17,746$14,418$11,643$9,352$5,073
20 years$20,392$16,491$13,232$10,545$8,354$4,355
21 years$19,217$15,360$12,171$9,570$7,475$3,744
22 years$18,150$14,338$11,218$8,701$6,701$3,222
23 years$17,177$13,410$10,357$7,925$6,015$2,775
24 years$16,287$12,565$9,579$7,228$5,406$2,393
25 years$15,469$11,791$8,872$6,601$4,865$2,064
26 years$14,715$11,082$8,228$6,035$4,382$1,782
27 years$14,018$10,429$7,641$5,524$3,951$1,539
28 years$13,373$9,828$7,103$5,061$3,565$1,330
29 years$12,773$9,271$6,610$4,641$3,219$1,150
30 years$12,213$8,756$6,157$4,260$2,909$994
31 years$11,691$8,277$5,740$3,912$2,630$860
32 years$11,203$7,832$5,355$3,595$2,379$744
33 years$10,745$7,417$5,000$3,306$2,153$644
34 years$10,315$7,029$4,672$3,042$1,949$557
35 years$9,911$6,667$4,368$2,800$1,765$482
36 years$9,529$6,328$4,086$2,579$1,599$418
37 years$9,170$6,010$3,825$2,376$1,450$362
38 years$8,830$5,712$3,582$2,190$1,314$313
39 years$8,508$5,432$3,356$2,020$1,192$271
40 years$8,203$5,168$3,145$1,863$1,081$235
41 years$7,914$4,919$2,949$1,719$981$203
42 years$7,639$4,685$2,766$1,586$890$176
43 years$7,378$4,464$2,596$1,464$808$153
44 years$7,129$4,255$2,437$1,352$733$132
45 years$6,892$4,057$2,288$1,248$666$115
46 years$6,666$3,871$2,149$1,153$604$99
47 years$6,450$3,694$2,019$1,065$549$86
48 years$6,244$3,526$1,897$985$498$75
49 years$6,047$3,367$1,783$910$453$65
50 years$5,858$3,217$1,677$841$411$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $6,000,000, adding $2,847 every year, while hoping to spend $44,238 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: 79/7/14 Blend
52$6,000,000$6,000,000$6,000,000$6,000,000
53$6,614,937$6,296,937$6,203,937$7,118,603
54$7,242,591$6,558,418$6,364,700$7,711,923
55$7,932,784$6,831,229$6,529,366$8,356,781
56$8,691,847$7,115,878$6,698,018$9,063,046
57$9,526,757$7,412,897$6,870,743$9,836,843
58$10,445,201$7,722,844$7,047,628$10,684,919
59$11,455,647$8,046,299$7,228,759$11,614,701
60$12,567,427$8,383,872$7,414,227$12,634,372
61$13,790,823$8,736,200$7,604,122$13,752,942
62$15,137,164$9,103,950$7,798,536$14,980,336
63$16,618,930$9,487,820$7,997,563$16,327,486
64$18,249,877$9,888,539$8,201,298$17,806,432
65$20,045,159$10,306,872$8,409,836$19,430,440
66$22,021,474$10,743,617$8,623,274$21,214,118
67$24,197,222$11,199,612$8,841,711$23,173,561
68$26,592,677$11,675,732$9,065,247$25,326,498
69$29,230,180$12,172,893$9,293,983$27,692,460
70$32,134,348$12,692,053$9,528,020$30,292,965
71$35,332,305$13,234,217$9,767,463$33,151,714
72$38,853,941$13,800,436$10,012,414$36,294,823
73$42,732,194$14,391,808$10,262,981$39,751,061
74$47,003,356$15,009,484$10,519,268$43,552,124
75$51,707,419$15,654,669$10,781,384$47,732,933
76$56,888,452$16,328,625$11,049,438$52,331,963
77$62,595,018$17,032,671$11,323,537$57,391,603
78$68,880,628$17,768,190$11,603,794$62,958,557
79$75,804,248$18,536,628$11,890,318$69,084,283
80$83,430,859$19,339,500$12,183,221$75,825,478
81$91,832,063$20,178,392$12,482,615$83,244,612
82$101,086,765$21,054,965$12,788,614$91,410,516
83$111,281,913$21,970,956$13,101,330$100,399,029
84$122,513,321$22,928,186$13,420,878$110,293,716
85$134,886,573$23,928,561$13,747,371$121,186,654
86$148,518,020$24,974,076$14,080,924$133,179,296
87$163,535,873$26,066,821$14,421,651$146,383,434
88$180,081,422$27,208,986$14,769,666$160,922,248
89$198,310,361$28,402,860$15,125,083$176,931,467
90$218,394,262$29,650,844$15,488,018$194,560,651
91$240,522,193$30,955,451$15,858,582$213,974,600
92$264,902,501$32,319,312$16,236,889$235,354,909
93$291,764,782$33,745,185$16,623,051$258,901,677
94$321,362,047$35,235,956$17,017,180$284,835,398
95$353,973,106$36,794,648$17,419,386$313,399,039
96$389,905,205$38,424,428$17,829,778$344,860,329
97$429,496,924$40,128,613$18,248,463$379,514,289
98$473,121,372$41,910,677$18,675,548$417,686,012
99$521,189,710$43,774,258$19,111,137$459,733,728
100$574,155,032$45,723,168$19,555,332$506,052,188