Can I retire at age 53 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$545,022$540,167$535,431$530,807$526,293$507,216
2 years$269,813$264,788$259,918$255,196$250,616$231,606
3 years$178,088$173,042$168,184$163,506$159,001$140,655
4 years$132,235$127,204$122,395$117,797$113,401$95,859
5 years$104,731$99,729$94,983$90,480$86,206$69,514
6 years$86,400$81,437$76,761$72,357$68,211$52,382
7 years$73,312$68,390$63,789$59,489$55,474$40,504
8 years$63,500$58,623$54,098$49,904$46,021$31,896
9 years$55,873$51,042$46,594$42,507$38,757$25,458
10 years$49,775$44,991$40,622$36,641$33,022$20,528
11 years$44,789$40,053$35,763$31,889$28,400$16,683
12 years$40,637$35,949$31,739$27,971$24,611$13,642
13 years$37,126$32,488$28,356$24,694$21,461$11,211
14 years$34,119$29,530$25,478$21,921$18,813$9,249
15 years$31,516$26,977$23,004$19,549$16,564$7,655
16 years$29,240$24,750$20,856$17,504$14,640$6,352
17 years$27,235$22,794$18,978$15,728$12,981$5,282
18 years$25,454$21,063$17,325$14,174$11,542$4,400
19 years$23,862$19,521$15,860$12,807$10,287$3,671
20 years$22,431$18,140$14,555$11,599$9,189$3,066
21 years$21,139$16,896$13,388$10,527$8,223$2,564
22 years$19,965$15,772$12,339$9,572$7,371$2,145
23 years$18,895$14,751$11,393$8,717$6,616$1,796
24 years$17,915$13,821$10,537$7,950$5,947$1,505
25 years$17,016$12,970$9,759$7,261$5,351$1,262
26 years$16,187$12,190$9,051$6,639$4,820$1,058
27 years$15,420$11,472$8,405$6,077$4,346$887
28 years$14,710$10,810$7,813$5,568$3,921$745
29 years$14,050$10,198$7,271$5,106$3,541$625
30 years$13,435$9,631$6,773$4,686$3,199$525
31 years$12,861$9,105$6,314$4,303$2,893$441
32 years$12,323$8,615$5,891$3,955$2,617$370
33 years$11,820$8,158$5,500$3,637$2,368$311
34 years$11,347$7,732$5,139$3,346$2,144$261
35 years$10,902$7,334$4,805$3,080$1,942$219
36 years$10,482$6,961$4,495$2,837$1,759$184
37 years$10,087$6,611$4,207$2,614$1,595$155
38 years$9,713$6,283$3,940$2,409$1,446$130
39 years$9,359$5,975$3,691$2,221$1,311$109
40 years$9,023$5,684$3,460$2,049$1,189$92
41 years$8,705$5,411$3,244$1,890$1,079$77
42 years$8,403$5,153$3,043$1,745$979$65
43 years$8,115$4,910$2,856$1,611$888$54
44 years$7,842$4,680$2,680$1,487$806$46
45 years$7,581$4,463$2,517$1,373$732$38
46 years$7,332$4,258$2,364$1,269$665$32
47 years$7,095$4,063$2,221$1,172$604$27
48 years$6,868$3,879$2,087$1,083$548$23
49 years$6,651$3,704$1,962$1,001$498$19
50 years$6,444$3,538$1,844$925$452$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $6,600,000, adding $2,017 every year, while hoping to spend $27,624 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: 38/46/16 Blend
52$6,600,000$6,600,000$6,600,000$6,600,000
53$7,275,281$6,925,481$6,823,181$7,516,560
54$7,987,967$7,235,437$7,022,365$7,999,607
55$8,772,423$7,559,656$7,227,297$8,518,503
56$9,635,937$7,898,807$7,438,139$9,078,691
57$10,586,545$8,253,591$7,655,059$9,683,900
58$11,633,099$8,624,743$7,878,230$10,338,222
59$12,785,353$9,013,033$8,107,828$11,046,142
60$14,054,056$9,419,269$8,344,038$11,812,581
61$15,451,051$9,844,295$8,587,045$12,642,936
62$16,989,390$10,288,997$8,837,042$13,543,134
63$18,683,453$10,754,303$9,094,228$14,519,676
64$20,549,086$11,241,184$9,358,806$15,579,700
65$22,603,751$11,750,661$9,630,984$16,731,046
66$24,866,690$12,283,799$9,910,978$17,982,322
67$27,359,105$12,841,719$10,199,009$19,342,982
68$30,104,362$13,425,590$10,495,303$20,823,415
69$33,128,205$14,036,642$10,800,094$22,435,032
70$36,459,005$14,676,161$11,113,621$24,190,374
71$40,128,027$15,345,496$11,436,130$26,103,226
72$44,169,720$16,046,060$11,767,875$28,188,738
73$48,622,048$16,779,334$12,109,115$30,463,564
74$53,526,845$17,546,869$12,460,118$32,946,016
75$58,930,209$18,350,291$12,821,158$35,656,228
76$64,882,940$19,191,306$13,192,517$38,616,344
77$71,441,019$20,071,698$13,574,485$41,850,713
78$78,666,132$20,993,341$13,967,359$45,386,123
79$86,626,257$21,958,194$14,371,446$49,252,035
80$95,396,305$22,968,316$14,787,059$53,480,864
81$105,058,825$24,025,859$15,214,522$58,108,271
82$115,704,782$25,133,084$15,654,166$63,173,495
83$127,434,420$26,292,356$16,106,331$68,719,710
84$140,358,206$27,506,156$16,571,368$74,794,432
85$154,597,871$28,777,085$17,049,636$81,449,951
86$170,287,560$30,107,868$17,541,505$88,743,818
87$187,575,099$31,501,362$18,047,354$96,739,378
88$206,623,391$32,960,561$18,567,572$105,506,358
89$227,611,951$34,488,602$19,102,560$115,121,511
90$250,738,603$36,088,777$19,652,728$125,669,335
91$276,221,345$37,764,532$20,218,500$137,242,851
92$304,300,411$39,519,482$20,800,308$149,944,477
93$335,240,533$41,357,417$21,398,598$163,886,973
94$369,333,443$43,282,307$22,013,828$179,194,498
95$406,900,630$45,298,315$22,646,467$196,003,764
96$448,296,368$47,409,806$23,296,997$214,465,314
97$493,911,064$49,621,354$23,965,913$234,744,924
98$544,174,947$51,937,754$24,653,725$257,025,154
99$599,562,122$54,364,034$25,360,955$281,507,053
100$660,595,050$56,905,464$26,088,139$308,412,040