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%19.8%
1 years$536,764$531,983$527,318$522,765$518,319$497,951
2 years$265,725$260,776$255,980$251,329$246,819$226,547
3 years$175,390$170,420$165,636$161,029$156,592$137,056
4 years$130,232$125,277$120,540$116,012$111,683$93,030
5 years$103,144$98,218$93,544$89,109$84,899$67,178
6 years$85,091$80,203$75,598$71,261$67,178$50,400
7 years$72,201$67,354$62,822$58,588$54,634$38,792
8 years$62,538$57,735$53,278$49,148$45,324$30,404
9 years$55,027$50,269$45,888$41,863$38,169$24,148
10 years$49,021$44,309$40,007$36,086$32,522$19,373
11 years$44,110$39,446$35,221$31,406$27,970$15,662
12 years$40,021$35,405$31,258$27,547$24,238$12,739
13 years$36,563$31,995$27,927$24,320$21,136$10,411
14 years$33,602$29,083$25,092$21,589$18,528$8,542
15 years$31,039$26,568$22,655$19,253$16,313$7,029
16 years$28,797$24,375$20,540$17,239$14,418$5,799
17 years$26,822$22,449$18,691$15,489$12,784$4,794
18 years$25,068$20,744$17,062$13,959$11,367$3,970
19 years$23,500$19,225$15,620$12,613$10,132$3,292
20 years$22,091$17,865$14,335$11,424$9,050$2,733
21 years$20,818$16,640$13,185$10,368$8,098$2,271
22 years$19,662$15,533$12,152$9,427$7,259$1,888
23 years$18,609$14,528$11,221$8,585$6,516$1,571
24 years$17,644$13,612$10,377$7,830$5,857$1,308
25 years$16,758$12,774$9,611$7,151$5,270$1,089
26 years$15,941$12,005$8,914$6,538$4,747$908
27 years$15,187$11,299$8,277$5,985$4,280$757
28 years$14,487$10,647$7,695$5,483$3,862$631
29 years$13,837$10,044$7,161$5,028$3,487$526
30 years$13,231$9,485$6,670$4,615$3,151$439
31 years$12,666$8,967$6,218$4,238$2,849$366
32 years$12,137$8,484$5,802$3,895$2,577$305
33 years$11,641$8,035$5,417$3,582$2,332$255
34 years$11,175$7,615$5,061$3,296$2,111$212
35 years$10,736$7,223$4,732$3,034$1,912$177
36 years$10,324$6,856$4,427$2,794$1,733$148
37 years$9,934$6,511$4,143$2,574$1,570$123
38 years$9,565$6,188$3,880$2,373$1,424$103
39 years$9,217$5,884$3,635$2,188$1,291$86
40 years$8,887$5,598$3,407$2,018$1,171$72
41 years$8,573$5,329$3,195$1,862$1,062$60
42 years$8,275$5,075$2,997$1,718$964$50
43 years$7,992$4,836$2,812$1,586$875$42
44 years$7,723$4,609$2,640$1,465$794$35
45 years$7,466$4,395$2,479$1,353$721$29
46 years$7,221$4,193$2,328$1,249$655$24
47 years$6,988$4,002$2,187$1,154$594$20
48 years$6,764$3,820$2,055$1,067$540$17
49 years$6,551$3,648$1,932$986$490$14
50 years$6,346$3,485$1,816$911$445$12

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 $5,849 every year, while hoping to spend $56,336 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: 65/29/6 Blend
52$6,500,000$6,500,000$6,500,000$6,500,000
53$7,169,033$6,824,533$6,723,783$7,627,714
54$7,840,334$7,098,994$6,889,089$8,207,755
55$8,578,218$7,385,016$7,058,044$8,833,945
56$9,389,420$7,683,105$7,230,712$9,516,558
57$10,281,355$7,993,791$7,407,155$10,261,072
58$11,262,195$8,317,629$7,587,437$11,073,513
59$12,340,943$8,655,197$7,771,620$11,960,509
60$13,527,519$9,007,101$7,959,769$12,929,355
61$14,832,851$9,373,974$8,151,946$13,988,076
62$16,268,981$9,756,478$8,348,216$15,145,502
63$17,849,177$10,155,305$8,548,641$16,411,351
64$19,588,056$10,571,179$8,753,283$17,796,319
65$21,501,727$11,004,855$8,962,207$19,312,178
66$23,607,936$11,457,126$9,175,474$20,971,884
67$25,926,238$11,928,818$9,393,146$22,789,702
68$28,478,182$12,420,798$9,615,284$24,781,333
69$31,287,510$12,933,970$9,841,948$26,964,062
70$34,380,382$13,469,281$10,073,200$29,356,921
71$37,785,626$14,027,721$10,309,097$31,980,864
72$41,535,006$14,610,325$10,549,698$34,858,963
73$45,663,523$15,218,177$10,795,059$38,016,621
74$50,209,745$15,852,410$11,045,236$41,481,814
75$55,216,170$16,514,210$11,300,283$45,285,348
76$60,729,630$17,204,816$11,560,253$49,461,148
77$66,801,727$17,925,527$11,825,196$54,046,576
78$73,489,324$18,677,699$12,095,161$59,082,779
79$80,855,082$19,462,753$12,370,196$64,615,075
80$88,968,047$20,282,175$12,650,344$70,693,379
81$97,904,306$21,137,519$12,935,648$77,372,666
82$107,747,700$22,030,413$13,226,148$84,713,491
83$118,590,622$22,962,560$13,521,880$92,782,553
84$130,534,880$23,935,740$13,822,878$101,653,325
85$143,692,665$24,951,818$14,129,172$111,406,735
86$158,187,606$26,012,746$14,440,788$122,131,937
87$174,155,937$27,120,566$14,757,749$133,927,137
88$191,747,783$28,277,414$15,080,074$146,900,523
89$211,128,577$29,485,528$15,407,778$161,171,274
90$232,480,622$30,747,249$15,740,868$176,870,689
91$256,004,809$32,065,028$16,079,351$194,143,410
92$281,922,515$33,441,429$16,423,224$213,148,792
93$310,477,691$34,879,139$16,772,482$234,062,394
94$341,939,166$36,380,967$17,127,110$257,077,633
95$376,603,182$37,949,856$17,487,090$282,407,601
96$414,796,195$39,588,887$17,852,396$310,287,074
97$456,877,949$41,301,285$18,222,993$340,974,716
98$503,244,876$43,090,424$18,598,840$374,755,518
99$554,333,840$44,959,842$18,979,888$411,943,477
100$610,626,255$46,913,237$19,366,077$452,884,553