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

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 $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%11.5%
1 years$495,474$491,061$486,755$482,552$478,448$475,433
2 years$245,284$240,716$236,289$231,996$227,833$224,791
3 years$161,899$157,311$152,895$148,642$144,546$141,573
4 years$120,214$115,640$111,268$107,088$103,092$100,209
5 years$95,210$90,663$86,349$82,254$78,369$75,585
6 years$78,545$74,033$69,782$65,779$62,010$59,330
7 years$66,647$62,173$57,990$54,081$50,431$47,855
8 years$57,728$53,294$49,180$45,367$41,837$39,365
9 years$50,794$46,402$42,359$38,643$35,233$32,865
10 years$45,250$40,901$36,929$33,310$30,020$27,754
11 years$40,717$36,412$32,512$28,990$25,819$23,653
12 years$36,942$32,681$28,853$25,428$22,374$20,308
13 years$33,751$29,534$25,779$22,449$19,510$17,541
14 years$31,018$26,846$23,162$19,928$17,103$15,228
15 years$28,651$24,524$20,912$17,772$15,059$13,276
16 years$26,582$22,500$18,960$15,913$13,309$11,616
17 years$24,759$20,722$17,253$14,298$11,801$10,195
18 years$23,140$19,148$15,750$12,885$10,492$8,971
19 years$21,693$17,746$14,418$11,643$9,352$7,911
20 years$20,392$16,491$13,232$10,545$8,354$6,991
21 years$19,217$15,360$12,171$9,570$7,475$6,188
22 years$18,150$14,338$11,218$8,701$6,701$5,486
23 years$17,177$13,410$10,357$7,925$6,015$4,870
24 years$16,287$12,565$9,579$7,228$5,406$4,328
25 years$15,469$11,791$8,872$6,601$4,865$3,850
26 years$14,715$11,082$8,228$6,035$4,382$3,428
27 years$14,018$10,429$7,641$5,524$3,951$3,055
28 years$13,373$9,828$7,103$5,061$3,565$2,724
29 years$12,773$9,271$6,610$4,641$3,219$2,431
30 years$12,213$8,756$6,157$4,260$2,909$2,170
31 years$11,691$8,277$5,740$3,912$2,630$1,938
32 years$11,203$7,832$5,355$3,595$2,379$1,732
33 years$10,745$7,417$5,000$3,306$2,153$1,548
34 years$10,315$7,029$4,672$3,042$1,949$1,385
35 years$9,911$6,667$4,368$2,800$1,765$1,238
36 years$9,529$6,328$4,086$2,579$1,599$1,108
37 years$9,170$6,010$3,825$2,376$1,450$992
38 years$8,830$5,712$3,582$2,190$1,314$888
39 years$8,508$5,432$3,356$2,020$1,192$795
40 years$8,203$5,168$3,145$1,863$1,081$712
41 years$7,914$4,919$2,949$1,719$981$638
42 years$7,639$4,685$2,766$1,586$890$571
43 years$7,378$4,464$2,596$1,464$808$512
44 years$7,129$4,255$2,437$1,352$733$458
45 years$6,892$4,057$2,288$1,248$666$411
46 years$6,666$3,871$2,149$1,153$604$368
47 years$6,450$3,694$2,019$1,065$549$330
48 years$6,244$3,526$1,897$985$498$296
49 years$6,047$3,367$1,783$910$453$265
50 years$5,858$3,217$1,677$841$411$238

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 $5,205 every year, while hoping to spend $50,631 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: 60/31/9 Blend
52$6,000,000$6,000,000$6,000,000$6,000,000
53$6,617,369$6,299,369$6,206,369$7,000,755
54$7,238,470$6,554,167$6,360,411$7,513,317
55$7,921,226$6,819,753$6,517,917$8,065,906
56$8,671,872$7,096,603$6,678,949$8,667,380
57$9,497,279$7,385,213$6,843,570$9,322,448
58$10,405,016$7,686,102$7,011,843$10,036,289
59$11,403,420$7,999,813$7,183,833$10,814,600
60$12,501,680$8,326,915$7,359,602$11,663,646
61$13,709,918$8,668,001$7,539,216$12,590,320
62$15,039,289$9,023,692$7,722,739$13,602,205
63$16,502,080$9,394,637$7,910,234$14,707,643
64$18,111,833$9,781,515$8,101,768$15,915,814
65$19,883,466$10,185,036$8,297,404$17,236,820
66$21,833,420$10,605,942$8,497,206$18,681,777
67$23,979,806$11,045,011$8,701,241$20,262,923
68$26,342,585$11,503,055$8,909,570$21,993,723
69$28,943,747$11,980,923$9,122,259$23,889,000
70$31,807,526$12,479,505$9,339,371$25,965,074
71$34,960,622$12,999,730$9,560,970$28,239,906
72$38,432,460$13,542,570$9,787,116$30,733,275
73$42,255,459$14,109,045$10,017,873$33,466,954
74$46,465,346$14,700,218$10,253,301$36,464,915
75$51,101,485$15,317,203$10,493,461$39,753,557
76$56,207,256$15,961,165$10,738,412$43,361,945
77$61,830,459$16,633,324$10,988,211$47,322,088
78$68,023,764$17,334,956$11,242,915$51,669,232
79$74,845,215$18,067,396$11,502,579$56,442,194
80$82,358,770$18,832,041$11,767,258$61,683,722
81$90,634,906$19,630,352$12,037,003$67,440,898
82$99,751,287$20,463,861$12,311,863$73,765,576
83$109,793,496$21,334,167$12,591,888$80,714,867
84$120,855,838$22,242,947$12,877,122$88,351,676
85$133,042,237$23,191,955$13,167,609$96,745,292
86$146,467,210$24,183,025$13,463,389$105,972,035
87$161,256,952$25,218,081$13,764,499$116,115,973
88$177,550,526$26,299,131$14,070,975$127,269,713
89$195,501,173$27,428,282$14,382,846$139,535,265
90$215,277,762$28,607,737$14,700,140$153,025,004
91$237,066,380$29,839,803$15,022,882$167,862,725
92$261,072,091$31,126,894$15,351,089$184,184,803
93$287,520,871$32,471,537$15,684,776$202,141,477
94$316,661,738$33,876,381$16,023,954$221,898,259
95$348,769,106$35,344,194$16,368,627$243,637,495
96$384,145,373$36,877,878$16,718,795$267,560,073
97$423,123,777$38,480,470$17,074,451$293,887,318
98$466,071,539$40,155,150$17,435,581$322,863,069
99$513,393,330$41,905,247$17,802,168$354,755,977
100$565,535,093$43,734,247$18,174,183$389,862,030