Can I retire at age 53 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$511,990$507,430$502,980$498,637$494,397$482,641
2 years$253,460$248,740$244,165$239,729$235,427$223,652
3 years$167,295$162,554$157,991$153,597$149,365$137,938
4 years$124,221$119,495$114,977$110,658$106,528$95,538
5 years$98,383$93,685$89,227$84,996$80,981$70,459
6 years$81,164$76,501$72,109$67,972$64,077$54,033
7 years$68,869$64,245$59,923$55,883$52,112$42,547
8 years$59,652$55,070$50,819$46,879$43,232$34,143
9 years$52,487$47,949$43,770$39,931$36,408$27,787
10 years$46,758$42,264$38,160$34,421$31,021$22,859
11 years$42,074$37,625$33,596$29,956$26,679$18,965
12 years$38,174$33,771$29,815$26,276$23,120$15,840
13 years$34,876$30,519$26,638$23,198$20,161$13,301
14 years$32,052$27,741$23,934$20,592$17,673$11,219
15 years$29,606$25,342$21,609$18,365$15,561$9,498
16 years$27,468$23,250$19,592$16,443$13,752$8,065
17 years$25,584$21,413$17,828$14,774$12,194$6,866
18 years$23,911$19,786$16,275$13,315$10,842$5,857
19 years$22,416$18,338$14,899$12,031$9,664$5,005
20 years$21,072$17,040$13,673$10,896$8,632$4,284
21 years$19,857$15,872$12,577$9,889$7,725$3,671
22 years$18,755$14,816$11,591$8,991$6,924$3,150
23 years$17,750$13,857$10,703$8,189$6,215$2,705
24 years$16,830$12,984$9,898$7,469$5,587$2,324
25 years$15,985$12,184$9,168$6,821$5,027$1,999
26 years$15,206$11,451$8,503$6,237$4,528$1,720
27 years$14,486$10,777$7,895$5,708$4,083$1,481
28 years$13,818$10,155$7,340$5,230$3,684$1,275
29 years$13,198$9,580$6,830$4,796$3,326$1,099
30 years$12,621$9,048$6,362$4,402$3,006$947
31 years$12,081$8,553$5,931$4,043$2,717$816
32 years$11,576$8,093$5,534$3,715$2,458$704
33 years$11,103$7,664$5,167$3,416$2,224$607
34 years$10,659$7,264$4,828$3,143$2,014$524
35 years$10,241$6,890$4,514$2,894$1,824$452
36 years$9,847$6,539$4,222$2,665$1,653$390
37 years$9,475$6,211$3,952$2,455$1,498$336
38 years$9,124$5,902$3,701$2,263$1,358$290
39 years$8,791$5,613$3,467$2,087$1,232$251
40 years$8,476$5,340$3,250$1,925$1,117$216
41 years$8,177$5,083$3,047$1,776$1,013$187
42 years$7,894$4,841$2,859$1,639$920$161
43 years$7,624$4,612$2,682$1,513$835$139
44 years$7,366$4,397$2,518$1,397$758$120
45 years$7,122$4,193$2,364$1,290$688$104
46 years$6,888$4,000$2,221$1,192$624$90
47 years$6,665$3,817$2,086$1,101$567$77
48 years$6,452$3,644$1,960$1,017$515$67
49 years$6,248$3,480$1,843$940$468$58
50 years$6,053$3,324$1,732$869$425$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $6,200,000, adding $4,575 every year, while hoping to spend $42,213 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: 45/50/5 Blend
52$6,200,000$6,200,000$6,200,000$6,200,000
53$6,837,119$6,508,519$6,412,419$7,135,267
54$7,489,591$6,782,522$6,582,321$7,614,900
55$8,207,200$7,068,537$6,756,499$8,129,879
56$8,996,546$7,367,107$6,935,054$8,687,248
57$9,864,900$7,678,801$7,118,084$9,290,915
58$10,820,273$8,004,216$7,305,694$9,945,171
59$11,871,493$8,343,974$7,497,986$10,654,726
60$13,028,285$8,698,728$7,695,068$11,424,751
61$14,301,365$9,069,162$7,897,048$12,260,924
62$15,702,542$9,455,988$8,104,037$13,169,481
63$17,244,826$9,859,956$8,316,147$14,157,272
64$18,942,552$10,281,848$8,533,492$15,231,823
65$20,811,517$10,722,483$8,756,189$16,401,403
66$22,869,127$11,182,720$8,984,356$17,675,100
67$25,134,560$11,663,455$9,218,114$19,062,901
68$27,628,950$12,165,629$9,457,586$20,575,787
69$30,375,584$12,690,226$9,702,895$22,225,827
70$33,400,121$13,238,275$9,954,170$24,026,294
71$36,730,837$13,810,854$10,211,539$25,991,781
72$40,398,890$14,409,093$10,475,133$28,138,339
73$44,438,611$15,034,173$10,745,084$30,483,619
74$48,887,834$15,687,332$11,021,528$33,047,039
75$53,788,246$16,369,864$11,304,603$35,849,959
76$59,185,787$17,083,127$11,594,447$38,915,880
77$65,131,078$17,828,541$11,891,201$42,270,655
78$71,679,901$18,607,593$12,195,010$45,942,737
79$78,893,726$19,421,840$12,506,018$49,963,431
80$86,840,289$20,272,913$12,824,373$54,367,192
81$95,594,233$21,162,520$13,150,223$59,191,939
82$105,237,810$22,092,450$13,483,721$64,479,406
83$115,861,661$23,064,574$13,825,020$70,275,532
84$127,565,666$24,080,854$14,174,275$76,630,886
85$140,459,893$25,143,345$14,531,642$83,601,135
86$154,665,631$26,254,197$14,897,280$91,247,563
87$170,316,537$27,415,665$15,271,351$99,637,642
88$187,559,898$28,630,107$15,654,016$108,845,658
89$206,558,021$29,899,996$16,045,439$118,953,404
90$227,489,764$31,227,920$16,445,785$130,050,941
91$250,552,223$32,616,591$16,855,222$142,237,441
92$275,962,596$34,068,850$17,273,918$155,622,113
93$303,960,229$35,587,673$17,702,043$170,325,216
94$334,808,879$37,176,175$18,139,768$186,479,192
95$368,799,199$38,837,622$18,587,265$204,229,898
96$406,251,486$40,575,434$19,044,707$223,737,971
97$447,518,702$42,393,194$19,512,268$245,180,335
98$492,989,804$44,294,656$19,990,124$268,751,852
99$543,093,422$46,283,751$20,478,451$294,667,150
100$598,301,896$48,364,600$20,977,424$323,162,633