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

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$536,764$531,983$527,318$522,765$518,319$512,693
2 years$265,725$260,776$255,980$251,329$246,819$241,154
3 years$175,390$170,420$165,636$161,029$156,592$151,064
4 years$130,232$125,277$120,540$116,012$111,683$106,335
5 years$103,144$98,218$93,544$89,109$84,899$79,747
6 years$85,091$80,203$75,598$71,261$67,178$62,227
7 years$72,201$67,354$62,822$58,588$54,634$49,886
8 years$62,538$57,735$53,278$49,148$45,324$40,780
9 years$55,027$50,269$45,888$41,863$38,169$33,827
10 years$49,021$44,309$40,007$36,086$32,522$28,379
11 years$44,110$39,446$35,221$31,406$27,970$24,023
12 years$40,021$35,405$31,258$27,547$24,238$20,482
13 years$36,563$31,995$27,927$24,320$21,136$17,567
14 years$33,602$29,083$25,092$21,589$18,528$15,140
15 years$31,039$26,568$22,655$19,253$16,313$13,103
16 years$28,797$24,375$20,540$17,239$14,418$11,378
17 years$26,822$22,449$18,691$15,489$12,784$9,910
18 years$25,068$20,744$17,062$13,959$11,367$8,652
19 years$23,500$19,225$15,620$12,613$10,132$7,571
20 years$22,091$17,865$14,335$11,424$9,050$6,636
21 years$20,818$16,640$13,185$10,368$8,098$5,827
22 years$19,662$15,533$12,152$9,427$7,259$5,123
23 years$18,609$14,528$11,221$8,585$6,516$4,510
24 years$17,644$13,612$10,377$7,830$5,857$3,974
25 years$16,758$12,774$9,611$7,151$5,270$3,505
26 years$15,941$12,005$8,914$6,538$4,747$3,094
27 years$15,187$11,299$8,277$5,985$4,280$2,733
28 years$14,487$10,647$7,695$5,483$3,862$2,416
29 years$13,837$10,044$7,161$5,028$3,487$2,137
30 years$13,231$9,485$6,670$4,615$3,151$1,891
31 years$12,666$8,967$6,218$4,238$2,849$1,674
32 years$12,137$8,484$5,802$3,895$2,577$1,482
33 years$11,641$8,035$5,417$3,582$2,332$1,313
34 years$11,175$7,615$5,061$3,296$2,111$1,163
35 years$10,736$7,223$4,732$3,034$1,912$1,031
36 years$10,324$6,856$4,427$2,794$1,733$914
37 years$9,934$6,511$4,143$2,574$1,570$810
38 years$9,565$6,188$3,880$2,373$1,424$719
39 years$9,217$5,884$3,635$2,188$1,291$638
40 years$8,887$5,598$3,407$2,018$1,171$566
41 years$8,573$5,329$3,195$1,862$1,062$502
42 years$8,275$5,075$2,997$1,718$964$445
43 years$7,992$4,836$2,812$1,586$875$395
44 years$7,723$4,609$2,640$1,465$794$351
45 years$7,466$4,395$2,479$1,353$721$311
46 years$7,221$4,193$2,328$1,249$655$276
47 years$6,988$4,002$2,187$1,154$594$245
48 years$6,764$3,820$2,055$1,067$540$218
49 years$6,551$3,648$1,932$986$490$193
50 years$6,346$3,485$1,816$911$445$172

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 $3,913 every year, while hoping to spend $54,121 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: 33/47/20 Blend
52$6,500,000$6,500,000$6,500,000$6,500,000
53$7,167,036$6,822,536$6,721,786$7,359,217
54$7,840,490$7,099,256$6,889,382$7,779,104
55$8,580,821$7,387,722$7,060,778$8,226,098
56$9,394,796$7,688,451$7,236,045$8,706,723
57$10,289,866$8,001,985$7,415,253$9,223,970
58$11,274,242$8,328,893$7,598,474$9,781,122
59$12,356,971$8,669,765$7,785,779$10,381,773
60$13,548,021$9,025,222$7,977,241$11,029,871
61$14,858,372$9,395,911$8,172,932$11,729,742
62$16,300,126$9,782,510$8,372,925$12,486,137
63$17,886,614$10,185,728$8,577,293$13,304,268
64$19,632,525$10,606,306$8,786,109$14,189,858
65$21,554,046$11,045,019$8,999,448$15,149,190
66$23,669,011$11,502,677$9,217,381$16,189,166
67$25,997,071$11,980,128$9,439,984$17,317,365
68$28,559,878$12,478,260$9,667,329$18,542,114
69$31,381,291$12,998,001$9,899,490$19,872,562
70$34,487,600$13,540,320$10,136,540$21,318,763
71$37,907,773$14,106,234$10,378,552$22,891,768
72$41,673,731$14,696,804$10,625,599$24,603,724
73$45,820,646$15,313,142$10,877,751$26,467,986
74$50,387,276$15,956,411$11,135,080$28,499,235
75$55,416,330$16,627,827$11,397,657$30,713,617
76$60,954,869$17,328,663$11,665,552$33,128,890
77$67,054,750$18,060,251$11,938,832$35,764,582
78$73,773,117$18,823,986$12,217,565$38,642,176
79$81,172,938$19,621,325$12,501,817$41,785,305
80$89,323,604$20,453,796$12,791,654$45,219,967
81$98,301,574$21,322,994$13,087,137$48,974,771
82$108,191,106$22,230,593$13,388,328$53,081,193
83$119,085,048$23,178,341$13,695,286$57,573,875
84$131,085,714$24,168,071$14,008,069$62,490,938
85$144,305,848$25,201,697$14,326,730$67,874,340
86$158,869,691$26,281,227$14,651,323$73,770,262
87$174,914,153$27,408,761$14,981,895$80,229,538
88$192,590,102$28,586,496$15,318,494$87,308,127
89$212,063,791$29,816,733$15,661,163$95,067,633
90$233,518,426$31,101,881$16,009,940$103,575,874
91$257,155,894$32,444,461$16,364,861$112,907,521
92$283,198,668$33,847,113$16,725,957$123,144,787
93$311,891,912$35,312,601$17,093,256$134,378,196
94$343,505,786$36,843,817$17,466,779$146,707,425
95$378,338,003$38,443,792$17,846,543$160,242,240
96$416,716,637$40,115,695$18,232,560$175,103,513
97$459,003,219$41,862,849$18,624,836$191,424,357
98$505,596,150$43,688,731$19,023,370$209,351,369
99$556,934,459$45,596,980$19,428,155$229,046,002
100$613,501,951$47,591,410$19,839,176$250,686,073