Can I retire at age 53 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$553,280$548,351$543,543$538,850$534,267$519,038
2 years$273,901$268,800$263,856$259,063$254,413$239,188
3 years$180,787$175,664$170,732$165,984$161,410$146,666
4 years$134,239$129,131$124,249$119,582$115,119$100,970
5 years$106,317$101,241$96,423$91,850$87,512$73,996
6 years$87,709$82,671$77,924$73,454$69,245$56,375
7 years$74,423$69,427$64,755$60,390$56,315$44,091
8 years$64,463$59,511$54,917$50,660$46,718$35,134
9 years$56,720$51,815$47,300$43,151$39,344$28,386
10 years$50,529$45,673$41,238$37,197$33,523$23,178
11 years$45,467$40,660$36,305$32,372$28,831$19,082
12 years$41,252$36,494$32,220$28,395$24,984$15,813
13 years$37,689$32,980$28,786$25,068$21,787$13,172
14 years$34,636$29,978$25,864$22,253$19,098$11,019
15 years$31,994$27,385$23,352$19,846$16,815$9,250
16 years$29,684$25,125$21,172$17,770$14,862$7,788
17 years$27,647$23,140$19,266$15,966$13,177$6,572
18 years$25,839$21,382$17,587$14,388$11,717$5,557
19 years$24,224$19,817$16,100$13,001$10,443$4,706
20 years$22,771$18,415$14,776$11,775$9,328$3,992
21 years$21,459$17,152$13,591$10,687$8,348$3,389
22 years$20,267$16,011$12,526$9,717$7,482$2,881
23 years$19,181$14,975$11,566$8,849$6,717$2,451
24 years$18,187$14,031$10,696$8,071$6,037$2,086
25 years$17,274$13,167$9,907$7,371$5,432$1,777
26 years$16,432$12,375$9,188$6,739$4,893$1,514
27 years$15,654$11,646$8,532$6,169$4,412$1,291
28 years$14,933$10,974$7,932$5,652$3,981$1,101
29 years$14,263$10,353$7,381$5,183$3,595$939
30 years$13,638$9,777$6,875$4,757$3,248$802
31 years$13,055$9,243$6,410$4,369$2,936$684
32 years$12,510$8,745$5,980$4,015$2,656$584
33 years$11,999$8,282$5,584$3,692$2,404$499
34 years$11,519$7,850$5,217$3,397$2,176$426
35 years$11,067$7,445$4,878$3,127$1,971$364
36 years$10,641$7,067$4,563$2,880$1,786$311
37 years$10,239$6,712$4,271$2,654$1,619$266
38 years$9,860$6,378$3,999$2,446$1,468$227
39 years$9,500$6,065$3,747$2,255$1,331$194
40 years$9,160$5,771$3,512$2,080$1,207$166
41 years$8,837$5,493$3,293$1,919$1,095$141
42 years$8,530$5,231$3,089$1,771$994$121
43 years$8,238$4,984$2,899$1,635$902$103
44 years$7,961$4,751$2,721$1,510$819$88
45 years$7,696$4,531$2,555$1,394$743$75
46 years$7,444$4,322$2,400$1,288$675$64
47 years$7,203$4,125$2,254$1,190$613$55
48 years$6,972$3,938$2,119$1,099$556$47
49 years$6,752$3,760$1,991$1,016$505$40
50 years$6,542$3,592$1,872$939$459$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $6,700,000, adding $5,824 every year, while hoping to spend $36,741 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: 69/20/11 Blend
52$6,700,000$6,700,000$6,700,000$6,700,000
53$7,389,407$7,034,307$6,930,457$7,881,941
54$8,104,035$7,339,896$7,123,536$8,515,174
55$8,890,323$7,659,228$7,321,851$9,202,696
56$9,755,542$7,992,936$7,525,539$9,953,866
57$10,707,703$8,341,686$7,734,740$10,774,931
58$11,755,634$8,706,173$7,949,599$11,672,766
59$12,909,059$9,087,126$8,170,261$12,654,934
60$14,178,696$9,485,308$8,396,877$13,729,762
61$15,576,352$9,901,518$8,629,602$14,906,415
62$17,115,039$10,336,591$8,868,593$16,194,978
63$18,809,094$10,791,405$9,114,012$17,606,556
64$20,674,315$11,266,878$9,366,025$19,153,374
65$22,728,110$11,763,969$9,624,801$20,848,887
66$24,989,659$12,283,685$9,890,514$22,707,914
67$27,480,099$12,827,081$10,163,341$24,746,766
68$30,222,722$13,395,261$10,443,466$26,983,406
69$33,243,191$13,989,380$10,731,074$29,437,613
70$36,569,788$14,610,651$11,026,355$32,131,166
71$40,233,674$15,260,341$11,329,506$35,088,050
72$44,269,191$15,939,780$11,640,727$38,334,679
73$48,714,179$16,650,359$11,960,221$41,900,140
74$53,610,335$17,393,536$12,288,199$45,816,470
75$59,003,609$18,170,840$12,624,874$50,118,954
76$64,944,636$18,983,870$12,970,465$54,846,452
77$71,489,211$19,834,302$13,325,198$60,041,769
78$78,698,820$20,723,892$13,689,302$65,752,051
79$86,641,217$21,654,479$14,063,010$72,029,230
80$95,391,064$22,627,992$14,446,565$78,930,511
81$105,030,638$23,646,449$14,840,210$86,518,905
82$115,650,603$24,711,965$15,244,197$94,863,825
83$127,350,871$25,826,757$15,658,783$104,041,736
84$140,241,538$26,993,147$16,084,231$114,136,872
85$154,443,932$28,213,568$16,520,810$125,242,026
86$170,091,748$29,490,569$16,968,793$137,459,427
87$187,332,320$30,826,820$17,428,461$150,901,695
88$206,328,004$32,225,122$17,900,101$165,692,902
89$227,257,713$33,688,405$18,384,007$181,969,740
90$250,318,606$35,219,743$18,880,477$199,882,803
91$275,727,949$36,822,356$19,389,819$219,598,008
92$303,725,165$38,499,617$19,912,344$241,298,149
93$334,574,097$40,255,062$20,448,371$265,184,626
94$368,565,491$42,092,397$20,998,229$291,479,332
95$406,019,750$44,015,504$21,562,248$320,426,747
96$447,289,952$46,028,451$22,140,771$352,296,237
97$492,765,185$48,135,502$22,734,144$387,384,591
98$542,874,218$50,341,126$23,342,722$426,018,816
99$598,089,553$52,650,006$23,966,868$468,559,215
100$658,931,880$55,067,049$24,606,951$515,402,784