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%17%
1 years$528,506$523,798$519,205$514,722$510,345$495,797
2 years$261,637$256,764$252,041$247,463$243,021$228,478
3 years$172,692$167,798$163,088$158,552$154,183$140,099
4 years$128,228$123,349$118,686$114,228$109,964$96,449
5 years$101,557$96,707$92,105$87,738$83,593$70,683
6 years$83,782$78,969$74,435$70,165$66,144$53,851
7 years$71,090$66,318$61,856$57,686$53,793$42,117
8 years$61,576$56,847$52,458$48,392$44,627$33,560
9 years$54,180$49,495$45,182$41,219$37,582$27,115
10 years$48,267$43,628$39,391$35,531$32,022$22,141
11 years$43,432$38,839$34,679$30,923$27,540$18,228
12 years$39,405$34,860$30,777$27,123$23,865$15,105
13 years$36,001$31,503$27,497$23,946$20,811$12,582
14 years$33,086$28,636$24,706$21,256$18,243$10,526
15 years$30,561$26,159$22,306$18,957$16,062$8,836
16 years$28,354$24,000$20,224$16,974$14,196$7,439
17 years$26,409$22,104$18,403$15,251$12,587$6,278
18 years$24,682$20,425$16,800$13,744$11,192$5,308
19 years$23,139$18,929$15,379$12,419$9,976$4,496
20 years$21,752$17,590$14,114$11,248$8,910$3,813
21 years$20,498$16,384$12,982$10,208$7,974$3,238
22 years$19,360$15,294$11,965$9,282$7,147$2,752
23 years$18,322$14,304$11,048$8,453$6,416$2,341
24 years$17,373$13,402$10,217$7,709$5,767$1,993
25 years$16,500$12,577$9,463$7,041$5,189$1,697
26 years$15,696$11,821$8,777$6,438$4,674$1,446
27 years$14,953$11,125$8,150$5,893$4,214$1,233
28 years$14,264$10,483$7,577$5,399$3,803$1,052
29 years$13,624$9,889$7,051$4,951$3,434$897
30 years$13,028$9,339$6,567$4,544$3,103$766
31 years$12,471$8,829$6,123$4,173$2,805$654
32 years$11,950$8,354$5,712$3,835$2,537$558
33 years$11,461$7,911$5,334$3,527$2,296$477
34 years$11,003$7,498$4,984$3,245$2,079$407
35 years$10,571$7,112$4,659$2,987$1,883$348
36 years$10,165$6,750$4,359$2,751$1,706$297
37 years$9,781$6,411$4,080$2,535$1,546$254
38 years$9,418$6,093$3,820$2,336$1,402$217
39 years$9,075$5,794$3,579$2,154$1,271$185
40 years$8,750$5,512$3,355$1,987$1,153$158
41 years$8,441$5,247$3,146$1,833$1,046$135
42 years$8,148$4,997$2,951$1,692$949$115
43 years$7,869$4,761$2,769$1,562$861$99
44 years$7,604$4,538$2,599$1,442$782$84
45 years$7,351$4,328$2,441$1,332$710$72
46 years$7,110$4,129$2,292$1,230$645$62
47 years$6,880$3,940$2,153$1,137$585$53
48 years$6,660$3,761$2,024$1,050$532$45
49 years$6,450$3,592$1,902$971$483$38
50 years$6,249$3,431$1,788$897$438$33

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 $3,492 every year, while hoping to spend $34,065 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: 75/17/8 Blend
52$6,400,000$6,400,000$6,400,000$6,400,000
53$7,056,402$6,717,202$6,618,002$7,576,856
54$7,739,910$7,010,100$6,803,460$8,212,829
55$8,491,994$7,316,208$6,993,989$8,904,867
56$9,319,613$7,636,138$7,189,724$9,662,234
57$10,230,435$7,970,530$7,390,801$10,491,392
58$11,232,907$8,320,054$7,597,360$11,399,453
59$12,336,339$8,685,412$7,809,547$12,394,251
60$13,550,988$9,067,339$8,027,509$13,484,405
61$14,888,156$9,466,606$8,251,398$14,679,407
62$16,360,296$9,884,018$8,481,368$15,989,706
63$17,981,131$10,320,420$8,717,579$17,426,808
64$19,765,782$10,776,696$8,960,194$19,003,381
65$21,730,911$11,253,773$9,209,379$20,733,376
66$23,894,877$11,752,621$9,465,306$22,632,154
67$26,277,911$12,274,256$9,728,151$24,716,632
68$28,902,306$12,819,743$9,998,092$27,005,439
69$31,792,627$13,390,196$10,275,313$29,519,093
70$34,975,942$13,986,783$10,560,004$32,280,190
71$38,482,081$14,610,727$10,852,356$35,313,617
72$42,343,911$15,263,311$11,152,568$38,646,786
73$46,597,652$15,945,875$11,460,841$42,309,888
74$51,283,217$16,659,828$11,777,384$46,336,178
75$56,444,587$17,406,641$12,102,408$50,762,288
76$62,130,226$18,187,858$12,436,130$55,628,567
77$68,393,542$19,005,096$12,778,773$60,979,463
78$75,293,386$19,860,048$13,130,565$66,863,938
79$82,894,611$20,754,490$13,491,738$73,335,928
80$91,268,682$21,690,280$13,862,532$80,454,851
81$100,494,350$22,669,367$14,243,190$88,286,164
82$110,658,400$23,693,792$14,633,962$96,901,976
83$121,856,461$24,765,692$15,035,105$106,381,730
84$134,193,918$25,887,310$15,446,879$116,812,948
85$147,786,901$27,060,991$15,869,553$128,292,051
86$162,763,383$28,289,197$16,303,400$140,925,270
87$179,264,385$29,574,505$16,748,701$154,829,645
88$197,445,312$30,919,615$17,205,742$170,134,121
89$217,477,416$32,327,359$17,674,817$186,980,768
90$239,549,415$33,800,702$18,156,226$205,526,115
91$263,869,270$35,342,751$18,650,275$225,942,622
92$290,666,154$36,956,764$19,157,277$248,420,307
93$320,192,610$38,646,154$19,677,554$273,168,533
94$352,726,938$40,414,497$20,211,434$300,417,979
95$388,575,819$42,265,541$20,759,250$330,422,815
96$428,077,215$44,203,214$21,321,347$363,463,094
97$471,603,552$46,231,633$21,898,074$399,847,392
98$519,565,244$48,355,113$22,489,788$439,915,712
99$572,414,559$50,578,173$23,096,856$484,042,693
100$630,649,894$52,905,554$23,719,652$532,641,135