Can I retire at age 53 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$536,764$531,983$527,318$522,765$518,319$511,842
2 years$265,725$260,776$255,980$251,329$246,819$240,302
3 years$175,390$170,420$165,636$161,029$156,592$150,237
4 years$130,232$125,277$120,540$116,012$111,683$105,539
5 years$103,144$98,218$93,544$89,109$84,899$78,985
6 years$85,091$80,203$75,598$71,261$67,178$61,499
7 years$72,201$67,354$62,822$58,588$54,634$49,194
8 years$62,538$57,735$53,278$49,148$45,324$40,122
9 years$55,027$50,269$45,888$41,863$38,169$33,203
10 years$49,021$44,309$40,007$36,086$32,522$27,788
11 years$44,110$39,446$35,221$31,406$27,970$23,464
12 years$40,021$35,405$31,258$27,547$24,238$19,955
13 years$36,563$31,995$27,927$24,320$21,136$17,070
14 years$33,602$29,083$25,092$21,589$18,528$14,673
15 years$31,039$26,568$22,655$19,253$16,313$12,664
16 years$28,797$24,375$20,540$17,239$14,418$10,967
17 years$26,822$22,449$18,691$15,489$12,784$9,525
18 years$25,068$20,744$17,062$13,959$11,367$8,292
19 years$23,500$19,225$15,620$12,613$10,132$7,235
20 years$22,091$17,865$14,335$11,424$9,050$6,323
21 years$20,818$16,640$13,185$10,368$8,098$5,535
22 years$19,662$15,533$12,152$9,427$7,259$4,852
23 years$18,609$14,528$11,221$8,585$6,516$4,258
24 years$17,644$13,612$10,377$7,830$5,857$3,741
25 years$16,758$12,774$9,611$7,151$5,270$3,289
26 years$15,941$12,005$8,914$6,538$4,747$2,894
27 years$15,187$11,299$8,277$5,985$4,280$2,548
28 years$14,487$10,647$7,695$5,483$3,862$2,245
29 years$13,837$10,044$7,161$5,028$3,487$1,979
30 years$13,231$9,485$6,670$4,615$3,151$1,746
31 years$12,666$8,967$6,218$4,238$2,849$1,540
32 years$12,137$8,484$5,802$3,895$2,577$1,359
33 years$11,641$8,035$5,417$3,582$2,332$1,200
34 years$11,175$7,615$5,061$3,296$2,111$1,060
35 years$10,736$7,223$4,732$3,034$1,912$936
36 years$10,324$6,856$4,427$2,794$1,733$827
37 years$9,934$6,511$4,143$2,574$1,570$731
38 years$9,565$6,188$3,880$2,373$1,424$646
39 years$9,217$5,884$3,635$2,188$1,291$571
40 years$8,887$5,598$3,407$2,018$1,171$505
41 years$8,573$5,329$3,195$1,862$1,062$446
42 years$8,275$5,075$2,997$1,718$964$395
43 years$7,992$4,836$2,812$1,586$875$349
44 years$7,723$4,609$2,640$1,465$794$309
45 years$7,466$4,395$2,479$1,353$721$273
46 years$7,221$4,193$2,328$1,249$655$242
47 years$6,988$4,002$2,187$1,154$594$214
48 years$6,764$3,820$2,055$1,067$540$189
49 years$6,551$3,648$1,932$986$490$167
50 years$6,346$3,485$1,816$911$445$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $6,500,000, adding $5,902 every year, while hoping to spend $31,626 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: 44/43/13 Blend
52$6,500,000$6,500,000$6,500,000$6,500,000
53$7,169,088$6,824,588$6,723,838$7,457,467
54$7,866,685$7,125,343$6,915,437$7,959,916
55$8,634,377$7,439,775$7,112,394$8,500,522
56$9,479,280$7,768,521$7,314,856$9,085,765
57$10,409,236$8,112,247$7,522,973$9,719,767
58$11,432,884$8,471,653$7,736,898$10,407,055
59$12,559,744$8,847,470$7,956,790$11,152,594
60$13,800,306$9,240,464$8,182,810$11,961,839
61$15,166,128$9,651,438$8,415,126$12,840,780
62$16,669,947$10,081,233$8,653,907$13,795,993
63$18,325,798$10,530,729$8,899,328$14,834,705
64$20,149,144$11,000,849$9,151,570$15,964,855
65$22,157,026$11,492,560$9,410,817$17,195,166
66$24,368,221$12,006,873$9,677,258$18,535,224
67$26,803,419$12,544,851$9,951,086$19,995,567
68$29,485,422$13,107,602$10,232,502$21,587,778
69$32,439,353$13,696,293$10,521,708$23,324,591
70$35,692,897$14,312,141$10,818,915$25,220,010
71$39,276,561$14,956,425$11,124,338$27,289,432
72$43,223,963$15,630,482$11,438,196$29,549,790
73$47,572,148$16,335,717$11,760,716$32,019,711
74$52,361,937$17,073,597$12,092,130$34,719,680
75$57,638,314$17,845,662$12,432,675$37,672,238
76$63,450,847$18,653,525$12,782,596$40,902,179
77$69,854,163$19,498,876$13,142,142$44,436,785
78$76,908,453$20,383,487$13,511,569$48,306,077
79$84,680,049$21,309,212$13,891,141$52,543,090
80$93,242,047$22,277,996$14,281,127$57,184,179
81$102,674,995$23,291,877$14,681,803$62,269,357
82$113,067,654$24,352,988$15,093,453$67,842,665
83$124,517,838$25,463,569$15,516,368$73,952,578
84$137,133,336$26,625,962$15,950,844$80,652,459
85$151,032,927$27,842,624$16,397,188$88,001,050
86$166,347,504$29,116,131$16,855,713$96,063,023
87$183,221,308$30,449,181$17,326,738$104,909,577
88$201,813,290$31,844,599$17,810,592$114,619,105
89$222,298,612$33,305,351$18,307,614$125,277,920
90$244,870,299$34,834,541$18,818,147$136,981,065
91$269,741,060$36,435,424$19,342,545$149,833,193
92$297,145,299$38,111,412$19,881,172$163,949,550
93$327,341,327$39,866,078$20,434,398$179,457,048
94$360,613,796$41,703,169$21,002,604$196,495,450
95$397,276,392$43,626,613$21,586,180$215,218,682
96$437,674,793$45,640,526$22,185,526$235,796,265
97$482,189,931$47,749,221$22,801,050$258,414,907
98$531,241,591$49,957,220$23,433,172$283,280,249
99$585,292,371$52,269,261$24,082,321$310,618,793
100$644,852,051$54,690,314$24,748,937$340,680,018