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

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$545,022$540,167$535,431$530,807$526,293$523,415
2 years$269,813$264,788$259,918$255,196$250,616$247,712
3 years$178,088$173,042$168,184$163,506$159,001$156,161
4 years$132,235$127,204$122,395$117,797$113,401$110,646
5 years$104,731$99,729$94,983$90,480$86,206$83,545
6 years$86,400$81,437$76,761$72,357$68,211$65,648
7 years$73,312$68,390$63,789$59,489$55,474$53,010
8 years$63,500$58,623$54,098$49,904$46,021$43,655
9 years$55,873$51,042$46,594$42,507$38,757$36,489
10 years$49,775$44,991$40,622$36,641$33,022$30,852
11 years$44,789$40,053$35,763$31,889$28,400$26,325
12 years$40,637$35,949$31,739$27,971$24,611$22,630
13 years$37,126$32,488$28,356$24,694$21,461$19,572
14 years$34,119$29,530$25,478$21,921$18,813$17,013
15 years$31,516$26,977$23,004$19,549$16,564$14,852
16 years$29,240$24,750$20,856$17,504$14,640$13,013
17 years$27,235$22,794$18,978$15,728$12,981$11,436
18 years$25,454$21,063$17,325$14,174$11,542$10,077
19 years$23,862$19,521$15,860$12,807$10,287$8,900
20 years$22,431$18,140$14,555$11,599$9,189$7,876
21 years$21,139$16,896$13,388$10,527$8,223$6,982
22 years$19,965$15,772$12,339$9,572$7,371$6,199
23 years$18,895$14,751$11,393$8,717$6,616$5,511
24 years$17,915$13,821$10,537$7,950$5,947$4,905
25 years$17,016$12,970$9,759$7,261$5,351$4,370
26 years$16,187$12,190$9,051$6,639$4,820$3,897
27 years$15,420$11,472$8,405$6,077$4,346$3,478
28 years$14,710$10,810$7,813$5,568$3,921$3,107
29 years$14,050$10,198$7,271$5,106$3,541$2,776
30 years$13,435$9,631$6,773$4,686$3,199$2,483
31 years$12,861$9,105$6,314$4,303$2,893$2,221
32 years$12,323$8,615$5,891$3,955$2,617$1,988
33 years$11,820$8,158$5,500$3,637$2,368$1,780
34 years$11,347$7,732$5,139$3,346$2,144$1,595
35 years$10,902$7,334$4,805$3,080$1,942$1,429
36 years$10,482$6,961$4,495$2,837$1,759$1,281
37 years$10,087$6,611$4,207$2,614$1,595$1,148
38 years$9,713$6,283$3,940$2,409$1,446$1,029
39 years$9,359$5,975$3,691$2,221$1,311$923
40 years$9,023$5,684$3,460$2,049$1,189$828
41 years$8,705$5,411$3,244$1,890$1,079$743
42 years$8,403$5,153$3,043$1,745$979$667
43 years$8,115$4,910$2,856$1,611$888$598
44 years$7,842$4,680$2,680$1,487$806$537
45 years$7,581$4,463$2,517$1,373$732$482
46 years$7,332$4,258$2,364$1,269$665$433
47 years$7,095$4,063$2,221$1,172$604$389
48 years$6,868$3,879$2,087$1,083$548$349
49 years$6,651$3,704$1,962$1,001$498$313
50 years$6,444$3,538$1,844$925$452$281

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 $3,630 every year, while hoping to spend $27,704 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: 41/36/23 Blend
52$6,600,000$6,600,000$6,600,000$6,600,000
53$7,276,944$6,927,144$6,824,844$7,525,884
54$7,989,716$7,237,098$7,024,000$8,014,551
55$8,774,261$7,561,310$7,228,898$8,540,227
56$9,637,873$7,900,451$7,439,703$9,108,671
57$10,588,585$8,255,222$7,656,582$9,723,817
58$11,635,251$8,626,358$7,879,708$10,389,984
59$12,787,625$9,014,628$8,109,257$11,111,912
60$14,056,457$9,420,839$8,345,411$11,894,805
61$15,453,592$9,845,836$8,588,359$12,744,379
62$16,992,080$10,290,505$8,838,291$13,666,911
63$18,686,305$10,755,772$9,095,406$14,669,297
64$20,552,113$11,242,610$9,359,907$15,759,111
65$22,606,967$11,752,036$9,632,003$16,944,679
66$24,870,110$12,285,119$9,911,907$18,235,148
67$27,362,747$12,842,975$10,199,842$19,640,574
68$30,108,243$13,426,777$10,496,032$21,172,010
69$33,132,347$14,037,751$10,800,712$22,841,609
70$36,463,430$14,677,185$11,114,120$24,662,733
71$40,132,759$15,346,426$11,436,502$26,650,076
72$44,174,786$16,046,887$11,768,111$28,819,797
73$48,627,478$16,780,047$12,109,205$31,189,672
74$53,532,669$17,547,459$12,460,053$33,779,251
75$58,936,464$18,350,747$12,820,928$36,610,045
76$64,889,666$19,191,616$13,192,110$39,705,718
77$71,448,256$20,071,850$13,573,891$43,092,307
78$78,673,928$20,993,320$13,966,566$46,798,462
79$86,634,664$21,957,988$14,370,441$50,855,713
80$95,405,379$22,967,909$14,785,830$55,298,760
81$105,068,628$24,025,236$15,213,055$60,165,791
82$115,715,382$25,132,227$15,652,447$65,498,841
83$127,445,893$26,291,247$16,104,345$71,344,180
84$140,370,633$27,504,778$16,569,100$77,752,741
85$154,611,342$28,775,417$17,047,070$84,780,597
86$170,302,175$30,105,888$17,538,623$92,489,476
87$187,590,969$31,499,048$18,044,138$100,947,343
88$206,640,635$32,957,889$18,564,004$110,229,028
89$227,630,702$34,485,548$19,098,621$120,416,926
90$250,759,006$36,085,313$19,648,397$131,601,761
91$276,243,562$37,760,630$20,213,756$143,883,438
92$304,324,617$39,515,113$20,795,128$157,371,975
93$335,266,922$41,352,548$21,392,960$172,188,527
94$369,362,231$43,276,905$22,007,706$188,466,520
95$406,932,050$45,292,345$22,639,836$206,352,903
96$448,330,679$47,403,230$23,289,831$226,009,516
97$493,948,553$49,614,132$23,958,184$247,614,609
98$544,215,926$51,929,846$24,645,404$271,364,512
99$599,606,937$54,355,395$25,352,012$297,475,471
100$660,644,082$56,896,047$26,078,542$326,185,677