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%19.8%
1 years$495,474$491,061$486,755$482,552$478,448$459,647
2 years$245,284$240,716$236,289$231,996$227,833$209,121
3 years$161,899$157,311$152,895$148,642$144,546$126,513
4 years$120,214$115,640$111,268$107,088$103,092$85,874
5 years$95,210$90,663$86,349$82,254$78,369$62,011
6 years$78,545$74,033$69,782$65,779$62,010$46,523
7 years$66,647$62,173$57,990$54,081$50,431$35,808
8 years$57,728$53,294$49,180$45,367$41,837$28,065
9 years$50,794$46,402$42,359$38,643$35,233$22,291
10 years$45,250$40,901$36,929$33,310$30,020$17,883
11 years$40,717$36,412$32,512$28,990$25,819$14,458
12 years$36,942$32,681$28,853$25,428$22,374$11,759
13 years$33,751$29,534$25,779$22,449$19,510$9,611
14 years$31,018$26,846$23,162$19,928$17,103$7,885
15 years$28,651$24,524$20,912$17,772$15,059$6,489
16 years$26,582$22,500$18,960$15,913$13,309$5,353
17 years$24,759$20,722$17,253$14,298$11,801$4,425
18 years$23,140$19,148$15,750$12,885$10,492$3,664
19 years$21,693$17,746$14,418$11,643$9,352$3,039
20 years$20,392$16,491$13,232$10,545$8,354$2,522
21 years$19,217$15,360$12,171$9,570$7,475$2,096
22 years$18,150$14,338$11,218$8,701$6,701$1,743
23 years$17,177$13,410$10,357$7,925$6,015$1,450
24 years$16,287$12,565$9,579$7,228$5,406$1,207
25 years$15,469$11,791$8,872$6,601$4,865$1,006
26 years$14,715$11,082$8,228$6,035$4,382$838
27 years$14,018$10,429$7,641$5,524$3,951$698
28 years$13,373$9,828$7,103$5,061$3,565$582
29 years$12,773$9,271$6,610$4,641$3,219$485
30 years$12,213$8,756$6,157$4,260$2,909$405
31 years$11,691$8,277$5,740$3,912$2,630$338
32 years$11,203$7,832$5,355$3,595$2,379$282
33 years$10,745$7,417$5,000$3,306$2,153$235
34 years$10,315$7,029$4,672$3,042$1,949$196
35 years$9,911$6,667$4,368$2,800$1,765$164
36 years$9,529$6,328$4,086$2,579$1,599$137
37 years$9,170$6,010$3,825$2,376$1,450$114
38 years$8,830$5,712$3,582$2,190$1,314$95
39 years$8,508$5,432$3,356$2,020$1,192$79
40 years$8,203$5,168$3,145$1,863$1,081$66
41 years$7,914$4,919$2,949$1,719$981$55
42 years$7,639$4,685$2,766$1,586$890$46
43 years$7,378$4,464$2,596$1,464$808$39
44 years$7,129$4,255$2,437$1,352$733$32
45 years$6,892$4,057$2,288$1,248$666$27
46 years$6,666$3,871$2,149$1,153$604$22
47 years$6,450$3,694$2,019$1,065$549$19
48 years$6,244$3,526$1,897$985$498$16
49 years$6,047$3,367$1,783$910$453$13
50 years$5,858$3,217$1,677$841$411$11

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 $2,757 every year, while hoping to spend $48,242 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: 62/28/10 Blend
52$6,000,000$6,000,000$6,000,000$6,000,000
53$6,614,844$6,296,844$6,203,844$7,009,974
54$7,238,229$6,554,060$6,360,344$7,531,970
55$7,923,582$6,822,263$6,520,469$8,095,686
56$8,677,174$7,101,940$6,684,291$8,709,782
57$9,505,911$7,393,601$6,851,881$9,379,133
58$10,417,406$7,697,779$7,023,310$10,109,106
59$11,420,042$8,015,031$7,198,652$10,905,599
60$12,523,059$8,345,940$7,377,979$11,775,104
61$13,736,636$8,691,117$7,561,367$12,724,763
62$15,071,990$9,051,198$7,748,889$13,762,435
63$16,541,477$9,426,851$7,940,621$14,896,766
64$18,158,714$9,818,773$8,136,639$16,137,273
65$19,938,705$10,227,695$8,337,018$17,494,429
66$21,897,981$10,654,380$8,541,836$18,979,761
67$24,054,757$11,099,626$8,751,169$20,605,957
68$26,429,104$11,564,270$8,965,096$22,386,985
69$29,043,139$12,049,186$9,183,693$24,338,220
70$31,921,230$12,555,287$9,407,038$26,476,589
71$35,090,232$13,083,532$9,635,209$28,820,728
72$38,579,732$13,634,921$9,868,285$31,391,156
73$42,422,335$14,210,503$10,106,343$34,210,467
74$46,653,969$14,811,374$10,349,462$37,303,537
75$51,314,224$15,438,681$10,597,718$40,697,760
76$56,446,723$16,093,625$10,851,190$44,423,305
77$62,099,538$16,777,462$11,109,955$48,513,391
78$68,325,641$17,491,507$11,374,088$53,004,606
79$75,183,403$18,237,137$11,643,666$57,937,244
80$82,737,145$19,015,793$11,918,765$63,355,683
81$91,057,748$19,828,980$12,199,457$69,308,802
82$100,223,317$20,678,279$12,485,818$75,850,436
83$110,319,921$21,565,340$12,777,918$83,039,886
84$121,442,404$22,491,893$13,075,830$90,942,466
85$133,695,280$23,459,747$13,379,621$99,630,126
86$147,193,722$24,470,797$13,689,361$109,182,118
87$162,064,642$25,527,027$14,005,115$119,685,744
88$178,447,896$26,630,512$14,326,947$131,237,177
89$196,497,601$27,783,427$14,654,920$143,942,361
90$216,383,589$28,988,047$14,989,092$157,918,005
91$238,293,010$30,246,756$15,329,521$173,292,686
92$262,432,097$31,562,048$15,676,261$190,208,048
93$289,028,117$32,936,534$16,029,362$208,820,142
94$318,331,512$34,372,951$16,388,872$229,300,888
95$350,618,263$35,874,162$16,754,836$251,839,695
96$386,192,495$37,443,166$17,127,292$276,645,238
97$425,389,351$39,083,103$17,506,278$303,947,426
98$468,578,151$40,797,261$17,891,825$333,999,563
99$516,165,880$42,589,084$18,283,958$367,080,732
100$568,601,029$44,462,178$18,682,700$403,498,423