Can I retire at age 53 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$520,248$515,614$511,093$506,680$502,371$498,162
2 years$257,549$252,752$248,103$243,596$239,224$234,982
3 years$169,994$165,176$160,539$156,074$151,774$147,630
4 years$126,225$121,422$116,831$112,443$108,246$104,233
5 years$99,970$95,196$90,666$86,367$82,287$78,415
6 years$82,473$77,735$73,272$69,068$65,111$61,386
7 years$69,980$65,282$60,889$56,785$52,953$49,377
8 years$60,614$55,958$51,639$47,635$43,929$40,502
9 years$53,333$48,722$44,476$40,575$36,995$33,715
10 years$47,512$42,946$38,776$34,976$31,521$28,387
11 years$42,753$38,232$34,137$30,439$27,110$24,119
12 years$38,789$34,315$30,296$26,700$23,493$20,642
13 years$35,438$31,011$27,068$23,572$20,486$17,773
14 years$32,569$28,188$24,320$20,924$17,958$15,379
15 years$30,084$25,750$21,958$18,661$15,812$13,363
16 years$27,911$23,625$19,908$16,709$13,974$11,652
17 years$25,997$21,758$18,116$15,013$12,391$10,191
18 years$24,297$20,106$16,537$13,529$11,017$8,936
19 years$22,777$18,634$15,139$12,225$9,820$7,853
20 years$21,412$17,315$13,894$11,072$8,771$6,914
21 years$20,178$16,128$12,780$10,049$7,849$6,098
22 years$19,057$15,055$11,778$9,136$7,036$5,385
23 years$18,036$14,081$10,875$8,321$6,316$4,762
24 years$17,101$13,193$10,058$7,589$5,677$4,216
25 years$16,242$12,381$9,316$6,931$5,108$3,736
26 years$15,451$11,636$8,640$6,337$4,601$3,314
27 years$14,719$10,951$8,023$5,801$4,148$2,941
28 years$14,041$10,319$7,458$5,315$3,743$2,612
29 years$13,411$9,735$6,940$4,874$3,380$2,322
30 years$12,824$9,193$6,465$4,473$3,054$2,064
31 years$12,276$8,691$6,027$4,108$2,761$1,836
32 years$11,763$8,223$5,623$3,775$2,498$1,634
33 years$11,282$7,788$5,250$3,472$2,260$1,455
34 years$10,831$7,381$4,906$3,194$2,047$1,296
35 years$10,406$7,001$4,586$2,940$1,854$1,154
36 years$10,006$6,645$4,291$2,708$1,679$1,028
37 years$9,628$6,311$4,016$2,495$1,522$916
38 years$9,271$5,998$3,761$2,300$1,380$817
39 years$8,933$5,703$3,523$2,121$1,251$728
40 years$8,613$5,426$3,302$1,956$1,135$649
41 years$8,309$5,165$3,097$1,805$1,030$579
42 years$8,021$4,919$2,905$1,665$934$517
43 years$7,746$4,687$2,726$1,537$848$461
44 years$7,485$4,468$2,559$1,419$770$411
45 years$7,236$4,260$2,402$1,311$699$367
46 years$6,999$4,064$2,256$1,211$634$327
47 years$6,773$3,878$2,120$1,119$576$292
48 years$6,556$3,702$1,992$1,034$523$261
49 years$6,349$3,536$1,872$955$475$233
50 years$6,151$3,377$1,760$883$432$208

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $6,300,000, adding $6,090 every year, while hoping to spend $59,294 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: 45/49/6 Blend
52$6,300,000$6,300,000$6,300,000$6,300,000
53$6,948,882$6,614,982$6,517,332$7,249,805
54$7,594,579$6,876,028$6,672,574$7,718,803
55$8,304,151$7,147,877$6,831,030$8,220,381
56$9,084,049$7,430,998$6,992,744$8,762,835
57$9,941,382$7,725,877$7,157,761$9,349,942
58$10,883,982$8,033,024$7,326,125$9,985,851
59$11,920,477$8,352,971$7,497,879$10,675,117
60$13,060,374$8,686,275$7,673,066$11,422,744
61$14,314,147$9,033,517$7,851,729$12,234,227
62$15,693,336$9,395,305$8,033,908$13,115,604
63$17,210,655$9,772,274$8,219,642$14,073,509
64$18,880,113$10,165,087$8,408,972$15,115,232
65$20,717,147$10,574,438$8,601,934$16,248,788
66$22,738,762$11,001,052$8,798,566$17,482,985
67$24,963,699$11,445,687$8,998,901$18,827,508
68$27,412,606$11,909,135$9,202,973$20,293,006
69$30,108,233$12,392,224$9,410,814$21,891,189
70$33,075,649$12,895,820$9,622,453$23,634,936
71$36,342,478$13,420,827$9,837,918$25,538,411
72$39,939,157$13,968,194$10,057,234$27,617,198
73$43,899,223$14,538,908$10,280,424$29,888,437
74$48,259,635$15,134,005$10,507,508$32,370,990
75$53,061,112$15,754,566$10,738,505$35,085,607
76$58,348,529$16,401,723$10,973,428$38,055,124
77$64,171,331$17,076,659$11,212,290$41,304,670
78$70,584,003$17,780,612$11,455,098$44,861,901
79$77,646,584$18,514,874$11,701,856$48,757,256
80$85,425,233$19,280,801$11,952,566$53,024,239
81$93,992,853$20,079,807$12,207,224$57,699,730
82$103,429,780$20,913,373$12,465,821$62,824,329
83$113,824,537$21,783,048$12,728,346$68,442,730
84$125,274,674$22,690,452$12,994,780$74,604,141
85$137,887,687$23,637,279$13,265,101$81,362,738
86$151,782,029$24,625,304$13,539,280$88,778,172
87$167,088,233$25,656,381$13,817,282$96,916,127
88$183,950,139$26,732,450$14,099,067$105,848,928
89$202,526,255$27,855,542$14,384,588$115,656,220
90$222,991,251$29,027,781$14,673,790$126,425,710
91$245,537,606$30,251,391$14,966,610$138,253,990
92$270,377,430$31,528,696$15,262,979$151,247,435
93$297,744,457$32,862,132$15,562,819$165,523,200
94$327,896,261$34,254,245$15,866,041$181,210,322
95$361,116,676$35,707,701$16,172,551$198,450,917
96$397,718,487$37,225,288$16,482,241$217,401,524
97$438,046,372$38,809,926$16,794,995$238,234,561
98$482,480,159$40,464,670$17,110,685$261,139,950
99$531,438,415$42,192,718$17,429,172$286,326,891
100$585,382,388$43,997,416$17,750,305$314,025,831