Can I retire at age 53 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$528,506$523,798$519,205$514,722$510,345$497,806
2 years$261,637$256,764$252,041$247,463$243,021$230,466
3 years$172,692$167,798$163,088$158,552$154,183$142,003
4 years$128,228$123,349$118,686$114,228$109,964$98,254
5 years$101,557$96,707$92,105$87,738$83,593$72,386
6 years$83,782$78,969$74,435$70,165$66,144$55,450
7 years$71,090$66,318$61,856$57,686$53,793$43,614
8 years$61,576$56,847$52,458$48,392$44,627$34,958
9 years$54,180$49,495$45,182$41,219$37,582$28,416
10 years$48,267$43,628$39,391$35,531$32,022$23,348
11 years$43,432$38,839$34,679$30,923$27,540$19,345
12 years$39,405$34,860$30,777$27,123$23,865$16,136
13 years$36,001$31,503$27,497$23,946$20,811$13,532
14 years$33,086$28,636$24,706$21,256$18,243$11,399
15 years$30,561$26,159$22,306$18,957$16,062$9,636
16 years$28,354$24,000$20,224$16,974$14,196$8,171
17 years$26,409$22,104$18,403$15,251$12,587$6,946
18 years$24,682$20,425$16,800$13,744$11,192$5,916
19 years$23,139$18,929$15,379$12,419$9,976$5,049
20 years$21,752$17,590$14,114$11,248$8,910$4,314
21 years$20,498$16,384$12,982$10,208$7,974$3,692
22 years$19,360$15,294$11,965$9,282$7,147$3,162
23 years$18,322$14,304$11,048$8,453$6,416$2,711
24 years$17,373$13,402$10,217$7,709$5,767$2,326
25 years$16,500$12,577$9,463$7,041$5,189$1,998
26 years$15,696$11,821$8,777$6,438$4,674$1,716
27 years$14,953$11,125$8,150$5,893$4,214$1,475
28 years$14,264$10,483$7,577$5,399$3,803$1,268
29 years$13,624$9,889$7,051$4,951$3,434$1,091
30 years$13,028$9,339$6,567$4,544$3,103$939
31 years$12,471$8,829$6,123$4,173$2,805$808
32 years$11,950$8,354$5,712$3,835$2,537$696
33 years$11,461$7,911$5,334$3,527$2,296$599
34 years$11,003$7,498$4,984$3,245$2,079$516
35 years$10,571$7,112$4,659$2,987$1,883$444
36 years$10,165$6,750$4,359$2,751$1,706$383
37 years$9,781$6,411$4,080$2,535$1,546$330
38 years$9,418$6,093$3,820$2,336$1,402$284
39 years$9,075$5,794$3,579$2,154$1,271$245
40 years$8,750$5,512$3,355$1,987$1,153$211
41 years$8,441$5,247$3,146$1,833$1,046$182
42 years$8,148$4,997$2,951$1,692$949$157
43 years$7,869$4,761$2,769$1,562$861$135
44 years$7,604$4,538$2,599$1,442$782$116
45 years$7,351$4,328$2,441$1,332$710$100
46 years$7,110$4,129$2,292$1,230$645$86
47 years$6,880$3,940$2,153$1,137$585$74
48 years$6,660$3,761$2,024$1,050$532$64
49 years$6,450$3,592$1,902$971$483$55
50 years$6,249$3,431$1,788$897$438$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $6,400,000, adding $3,779 every year, while hoping to spend $36,322 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: 82/8/10 Blend
52$6,400,000$6,400,000$6,400,000$6,400,000
53$7,056,698$6,717,498$6,618,298$7,624,094
54$7,737,835$7,008,009$6,801,365$8,286,764
55$8,487,230$7,311,538$6,989,347$9,008,958
56$9,311,808$7,628,684$7,182,370$9,800,758
57$10,219,198$7,960,075$7,380,565$10,669,123
58$11,217,806$8,306,368$7,584,063$11,621,719
59$12,316,893$8,668,251$7,793,001$12,666,986
60$13,526,666$9,046,445$8,007,516$13,814,223
61$14,858,369$9,441,704$8,227,751$15,073,668
62$16,324,393$9,854,818$8,453,851$16,456,599
63$17,938,392$10,286,615$8,685,966$17,975,440
64$19,715,409$10,737,960$8,924,247$19,643,874
65$21,672,022$11,209,761$9,168,850$21,476,972
66$23,826,497$11,702,968$9,419,936$23,491,337
67$26,198,963$12,218,576$9,677,666$25,705,258
68$28,811,598$12,757,627$9,942,209$28,138,883
69$31,688,842$13,321,213$10,213,734$30,814,405
70$34,857,627$13,910,475$10,492,417$33,756,275
71$38,347,629$14,526,612$10,778,437$36,991,428
72$42,191,548$15,170,877$11,071,976$40,549,539
73$46,425,419$15,844,584$11,373,220$44,463,299
74$51,088,951$16,549,107$11,682,362$48,768,726
75$56,225,900$17,285,889$11,999,597$53,505,501
76$61,884,482$18,056,438$12,325,124$58,717,342
77$68,117,831$18,862,336$12,659,148$64,452,417
78$74,984,498$19,705,238$13,001,877$70,763,795
79$82,549,001$20,586,879$13,353,525$77,709,946
80$90,882,441$21,509,078$13,714,310$85,355,294
81$100,063,166$22,473,738$14,084,454$93,770,820
82$110,177,511$23,482,854$14,464,186$103,034,734
83$121,320,619$24,538,516$14,853,738$113,233,207
84$133,597,331$25,642,912$15,253,348$124,461,188
85$147,123,182$26,798,338$15,663,257$136,823,295
86$162,025,485$28,007,195$16,083,715$150,434,803
87$178,444,539$29,272,002$16,514,974$165,422,729
88$196,534,948$30,595,396$16,957,292$181,927,027
89$216,467,085$31,980,143$17,410,934$200,101,913
90$238,428,696$33,429,138$17,876,168$220,117,312
91$262,626,672$34,945,415$18,353,269$242,160,464
92$289,289,008$36,532,155$18,842,518$266,437,688
93$318,666,945$38,192,689$19,344,201$293,176,328
94$351,037,352$39,930,509$19,858,610$322,626,896
95$386,705,330$41,749,273$20,386,043$355,065,432
96$426,007,102$43,652,815$20,926,802$390,796,111
97$469,313,175$45,645,152$21,481,199$430,154,112
98$517,031,848$47,730,494$22,049,549$473,508,775
99$569,613,061$49,913,253$22,632,173$521,267,087
100$627,552,643$52,198,051$23,229,400$573,877,521