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%19.5%
1 years$536,764$531,983$527,318$522,765$518,319$498,542
2 years$265,725$260,776$255,980$251,329$246,819$227,126
3 years$175,390$170,420$165,636$161,029$156,592$137,604
4 years$130,232$125,277$120,540$116,012$111,683$93,544
5 years$103,144$98,218$93,544$89,109$84,899$67,656
6 years$85,091$80,203$75,598$71,261$67,178$50,842
7 years$72,201$67,354$62,822$58,588$54,634$39,200
8 years$62,538$57,735$53,278$49,148$45,324$30,778
9 years$55,027$50,269$45,888$41,863$38,169$24,491
10 years$49,021$44,309$40,007$36,086$32,522$19,685
11 years$44,110$39,446$35,221$31,406$27,970$15,946
12 years$40,021$35,405$31,258$27,547$24,238$12,996
13 years$36,563$31,995$27,927$24,320$21,136$10,643
14 years$33,602$29,083$25,092$21,589$18,528$8,750
15 years$31,039$26,568$22,655$19,253$16,313$7,216
16 years$28,797$24,375$20,540$17,239$14,418$5,966
17 years$26,822$22,449$18,691$15,489$12,784$4,943
18 years$25,068$20,744$17,062$13,959$11,367$4,103
19 years$23,500$19,225$15,620$12,613$10,132$3,410
20 years$22,091$17,865$14,335$11,424$9,050$2,837
21 years$20,818$16,640$13,185$10,368$8,098$2,363
22 years$19,662$15,533$12,152$9,427$7,259$1,969
23 years$18,609$14,528$11,221$8,585$6,516$1,643
24 years$17,644$13,612$10,377$7,830$5,857$1,371
25 years$16,758$12,774$9,611$7,151$5,270$1,145
26 years$15,941$12,005$8,914$6,538$4,747$956
27 years$15,187$11,299$8,277$5,985$4,280$799
28 years$14,487$10,647$7,695$5,483$3,862$667
29 years$13,837$10,044$7,161$5,028$3,487$558
30 years$13,231$9,485$6,670$4,615$3,151$466
31 years$12,666$8,967$6,218$4,238$2,849$390
32 years$12,137$8,484$5,802$3,895$2,577$326
33 years$11,641$8,035$5,417$3,582$2,332$273
34 years$11,175$7,615$5,061$3,296$2,111$228
35 years$10,736$7,223$4,732$3,034$1,912$191
36 years$10,324$6,856$4,427$2,794$1,733$160
37 years$9,934$6,511$4,143$2,574$1,570$134
38 years$9,565$6,188$3,880$2,373$1,424$112
39 years$9,217$5,884$3,635$2,188$1,291$93
40 years$8,887$5,598$3,407$2,018$1,171$78
41 years$8,573$5,329$3,195$1,862$1,062$65
42 years$8,275$5,075$2,997$1,718$964$55
43 years$7,992$4,836$2,812$1,586$875$46
44 years$7,723$4,609$2,640$1,465$794$38
45 years$7,466$4,395$2,479$1,353$721$32
46 years$7,221$4,193$2,328$1,249$655$27
47 years$6,988$4,002$2,187$1,154$594$22
48 years$6,764$3,820$2,055$1,067$540$19
49 years$6,551$3,648$1,932$986$490$16
50 years$6,346$3,485$1,816$911$445$13

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 $5,994 every year, while hoping to spend $43,389 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: 59/28/13 Blend
52$6,500,000$6,500,000$6,500,000$6,500,000
53$7,169,183$6,824,683$6,723,933$7,568,715
54$7,854,274$7,112,927$6,903,019$8,126,968
55$8,607,790$7,413,840$7,086,650$8,730,060
56$9,436,665$7,727,999$7,274,933$9,386,666
57$10,348,538$8,056,004$7,467,977$10,101,946
58$11,351,825$8,398,485$7,665,891$10,881,573
59$12,455,802$8,756,101$7,868,789$11,731,785
60$13,670,686$9,129,542$8,076,786$12,659,444
61$15,007,737$9,519,531$8,289,999$13,672,099
62$16,479,361$9,926,822$8,508,548$14,778,053
63$18,099,226$10,352,207$8,732,554$15,986,443
64$19,882,395$10,796,513$8,962,143$17,307,322
65$21,845,464$11,260,607$9,197,439$18,751,752
66$24,006,720$11,745,396$9,438,573$20,331,908
67$26,386,315$12,251,830$9,685,675$22,061,187
68$29,006,453$12,780,902$9,938,878$23,954,337
69$31,891,599$13,333,655$10,198,319$26,027,589
70$35,068,715$13,911,177$10,464,135$28,298,811
71$38,567,508$14,514,608$10,736,468$30,787,672
72$42,420,714$15,145,145$11,015,460$33,515,827
73$46,664,406$15,804,036$11,301,257$36,507,117
74$51,338,333$16,492,591$11,594,006$39,787,791
75$56,486,296$17,212,181$11,893,859$43,386,750
76$62,156,562$17,964,242$12,200,967$47,335,819
77$68,402,319$18,750,277$12,515,487$51,670,042
78$75,282,175$19,571,860$12,837,575$56,428,008
79$82,860,715$20,430,639$13,167,392$61,652,216
80$91,209,108$21,328,341$13,505,100$67,389,467
81$100,405,781$22,266,773$13,850,864$73,691,306
82$110,537,154$23,247,829$14,204,852$80,614,501
83$121,698,462$24,273,491$14,567,233$88,221,577
84$133,994,649$25,345,836$14,938,179$96,581,399
85$147,541,359$26,467,038$15,317,864$105,769,820
86$162,466,031$27,639,376$15,706,465$115,870,390
87$178,909,096$28,865,235$16,104,162$126,975,141
88$197,025,306$30,147,114$16,511,134$139,185,448
89$216,985,196$31,487,631$16,927,566$152,612,982
90$238,976,689$32,889,528$17,353,642$167,380,758
91$263,206,873$34,355,676$17,789,550$183,624,290
92$289,903,954$35,889,085$18,235,480$201,492,862
93$319,319,412$37,492,904$18,691,623$221,150,934
94$351,730,372$39,170,437$19,158,173$242,779,681
95$387,442,221$40,925,140$19,635,323$266,578,704
96$426,791,493$42,760,637$20,123,272$292,767,900
97$470,149,042$44,680,724$20,622,218$321,589,533
98$517,923,541$46,689,377$21,132,359$353,310,511
99$570,565,348$48,790,762$21,653,899$388,224,896
100$628,570,747$50,989,243$22,187,038$426,656,674