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%17.8%
1 years$511,990$507,430$502,980$498,637$494,397$478,762
2 years$253,460$248,740$244,165$239,729$235,427$219,817
3 years$167,295$162,554$157,991$153,597$149,365$134,269
4 years$124,221$119,495$114,977$110,658$106,528$92,063
5 years$98,383$93,685$89,227$84,996$80,981$67,185
6 years$81,164$76,501$72,109$67,972$64,077$50,962
7 years$68,869$64,245$59,923$55,883$52,112$39,676
8 years$59,652$55,070$50,819$46,879$43,232$31,467
9 years$52,487$47,949$43,770$39,931$36,408$25,301
10 years$46,758$42,264$38,160$34,421$31,021$20,556
11 years$42,074$37,625$33,596$29,956$26,679$16,836
12 years$38,174$33,771$29,815$26,276$23,120$13,878
13 years$34,876$30,519$26,638$23,198$20,161$11,498
14 years$32,052$27,741$23,934$20,592$17,673$9,565
15 years$29,606$25,342$21,609$18,365$15,561$7,985
16 years$27,468$23,250$19,592$16,443$13,752$6,684
17 years$25,584$21,413$17,828$14,774$12,194$5,607
18 years$23,911$19,786$16,275$13,315$10,842$4,713
19 years$22,416$18,338$14,899$12,031$9,664$3,968
20 years$21,072$17,040$13,673$10,896$8,632$3,345
21 years$19,857$15,872$12,577$9,889$7,725$2,823
22 years$18,755$14,816$11,591$8,991$6,924$2,384
23 years$17,750$13,857$10,703$8,189$6,215$2,015
24 years$16,830$12,984$9,898$7,469$5,587$1,705
25 years$15,985$12,184$9,168$6,821$5,027$1,443
26 years$15,206$11,451$8,503$6,237$4,528$1,222
27 years$14,486$10,777$7,895$5,708$4,083$1,035
28 years$13,818$10,155$7,340$5,230$3,684$877
29 years$13,198$9,580$6,830$4,796$3,326$743
30 years$12,621$9,048$6,362$4,402$3,006$630
31 years$12,081$8,553$5,931$4,043$2,717$534
32 years$11,576$8,093$5,534$3,715$2,458$453
33 years$11,103$7,664$5,167$3,416$2,224$384
34 years$10,659$7,264$4,828$3,143$2,014$326
35 years$10,241$6,890$4,514$2,894$1,824$277
36 years$9,847$6,539$4,222$2,665$1,653$235
37 years$9,475$6,211$3,952$2,455$1,498$199
38 years$9,124$5,902$3,701$2,263$1,358$169
39 years$8,791$5,613$3,467$2,087$1,232$143
40 years$8,476$5,340$3,250$1,925$1,117$122
41 years$8,177$5,083$3,047$1,776$1,013$103
42 years$7,894$4,841$2,859$1,639$920$88
43 years$7,624$4,612$2,682$1,513$835$74
44 years$7,366$4,397$2,518$1,397$758$63
45 years$7,122$4,193$2,364$1,290$688$54
46 years$6,888$4,000$2,221$1,192$624$46
47 years$6,665$3,817$2,086$1,101$567$39
48 years$6,452$3,644$1,960$1,017$515$33
49 years$6,248$3,480$1,843$940$468$28
50 years$6,053$3,324$1,732$869$425$24

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 $2,863 every year, while hoping to spend $21,710 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: 78/13/9 Blend
52$6,200,000$6,200,000$6,200,000$6,200,000
53$6,835,353$6,506,753$6,410,653$7,358,746
54$7,509,460$6,802,485$6,602,311$7,998,655
55$8,251,598$7,111,980$6,799,661$8,697,194
56$9,068,683$7,435,889$7,002,873$9,462,668
57$9,968,338$7,774,896$7,212,117$10,301,737
58$10,958,958$8,129,716$7,427,573$11,221,733
59$12,049,798$8,501,098$7,649,423$12,230,729
60$13,251,053$8,889,828$7,877,855$13,337,615
61$14,573,961$9,296,730$8,113,063$14,552,178
62$16,030,901$9,722,665$8,355,246$15,885,197
63$17,635,516$10,168,539$8,604,610$17,348,541
64$19,402,840$10,635,299$8,861,366$18,955,282
65$21,349,439$11,123,938$9,125,731$20,719,815
66$23,493,567$11,635,497$9,397,929$22,657,993
67$25,855,341$12,171,066$9,678,190$24,787,277
68$28,456,927$12,731,790$9,966,750$27,126,899
69$31,322,751$13,318,865$10,263,854$29,698,042
70$34,479,731$13,933,549$10,569,752$32,524,036
71$37,957,528$14,577,157$10,884,703$35,630,581
72$41,788,827$15,251,069$11,208,972$39,045,986
73$46,009,647$15,956,731$11,542,832$42,801,432
74$50,659,679$16,695,659$11,886,565$46,931,270
75$55,782,662$17,469,441$12,240,460$51,473,340
76$61,426,793$18,279,743$12,604,815$56,469,324
77$67,645,186$19,128,310$12,979,936$61,965,145
78$74,496,369$20,016,973$13,366,139$68,011,390
79$82,044,842$20,947,648$13,763,748$74,663,792
80$90,361,680$21,922,346$14,173,097$81,983,748
81$99,525,205$22,943,174$14,594,530$90,038,902
82$109,621,728$24,012,342$15,028,399$98,903,778
83$120,746,363$25,132,166$15,475,069$108,660,481
84$133,003,922$26,305,072$15,934,914$119,399,469
85$146,509,907$27,533,605$16,408,318$131,220,407
86$161,391,600$28,820,434$16,895,679$144,233,100
87$177,789,262$30,168,354$17,397,403$158,558,533
88$195,857,461$31,580,298$17,913,910$174,330,004
89$215,766,527$33,059,338$18,445,632$191,694,382
90$237,704,164$34,608,696$18,993,011$210,813,489
91$261,877,217$36,231,751$19,556,506$231,865,626
92$288,513,630$37,932,044$20,136,585$255,047,249
93$317,864,592$39,713,286$20,733,733$280,574,824
94$350,206,913$41,579,370$21,348,446$308,686,862
95$385,845,636$43,534,376$21,981,236$339,646,170
96$425,116,913$45,582,582$22,632,630$373,742,322
97$468,391,183$47,728,474$23,303,168$411,294,398
98$516,076,668$49,976,754$23,993,408$452,653,979
99$568,623,224$52,332,351$24,703,923$498,208,472
100$626,526,591$54,800,434$25,435,303$548,384,753