Can I retire at age 53 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$561,538$556,536$551,656$546,893$542,242$521,139
2 years$277,989$272,812$267,794$262,929$258,210$237,205
3 years$183,485$178,285$173,280$168,461$163,819$143,572
4 years$136,242$131,059$126,104$121,367$116,837$97,502
5 years$107,904$102,752$97,862$93,221$88,818$70,445
6 years$89,018$83,904$79,087$74,550$70,279$52,880
7 years$75,534$70,463$65,722$61,292$57,155$40,725
8 years$65,425$60,400$55,737$51,416$47,416$31,937
9 years$57,566$52,589$48,006$43,795$39,931$25,382
10 years$51,283$46,354$41,853$37,752$34,023$20,375
11 years$46,146$41,267$36,847$32,855$29,261$16,484
12 years$41,868$37,039$32,701$28,819$25,357$13,416
13 years$38,251$33,472$29,216$25,442$22,112$10,972
14 years$35,153$30,425$26,250$22,585$19,383$9,008
15 years$32,471$27,794$23,701$20,142$17,066$7,418
16 years$30,127$25,500$21,488$18,035$15,083$6,125
17 years$28,060$23,485$19,553$16,204$13,374$5,067
18 years$26,225$21,701$17,850$14,603$11,891$4,199
19 years$24,585$20,112$16,341$13,195$10,599$3,484
20 years$23,111$18,689$14,997$11,951$9,467$2,895
21 years$21,779$17,408$13,794$10,846$8,472$2,407
22 years$20,570$16,250$12,713$9,862$7,594$2,003
23 years$19,467$15,198$11,738$8,981$6,817$1,668
24 years$18,458$14,240$10,856$8,191$6,127$1,390
25 years$17,531$13,364$10,055$7,481$5,514$1,159
26 years$16,677$12,560$9,325$6,840$4,966$966
27 years$15,888$11,820$8,659$6,261$4,478$806
28 years$15,156$11,138$8,050$5,736$4,040$672
29 years$14,476$10,507$7,491$5,260$3,648$561
30 years$13,842$9,923$6,978$4,828$3,296$468
31 years$13,250$9,381$6,505$4,434$2,980$391
32 years$12,697$8,876$6,070$4,075$2,696$326
33 years$12,178$8,406$5,667$3,747$2,440$273
34 years$11,690$7,967$5,295$3,448$2,209$228
35 years$11,232$7,556$4,950$3,174$2,001$190
36 years$10,800$7,172$4,631$2,923$1,813$159
37 years$10,392$6,812$4,335$2,693$1,643$133
38 years$10,007$6,474$4,059$2,482$1,489$111
39 years$9,642$6,156$3,803$2,289$1,351$92
40 years$9,297$5,857$3,565$2,111$1,225$77
41 years$8,969$5,575$3,342$1,948$1,111$65
42 years$8,657$5,309$3,135$1,798$1,009$54
43 years$8,361$5,059$2,942$1,659$915$45
44 years$8,079$4,822$2,762$1,532$831$38
45 years$7,811$4,598$2,593$1,415$754$31
46 years$7,555$4,387$2,435$1,307$685$26
47 years$7,310$4,186$2,288$1,208$622$22
48 years$7,076$3,996$2,150$1,116$565$18
49 years$6,853$3,816$2,021$1,031$513$15
50 years$6,639$3,645$1,900$953$466$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $6,800,000, adding $3,192 every year, while hoping to spend $20,277 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: 27/47/26 Blend
52$6,800,000$6,800,000$6,800,000$6,800,000
53$7,496,893$7,136,493$7,031,093$7,638,260
54$8,240,001$7,464,606$7,245,060$8,080,104
55$9,058,227$7,808,118$7,465,515$8,552,199
56$9,959,211$8,167,760$7,692,654$9,058,668
57$10,951,372$8,544,302$7,926,680$9,602,450
58$12,043,988$8,938,549$8,167,800$10,186,758
59$13,247,281$9,351,344$8,416,228$10,815,107
60$14,572,517$9,783,573$8,672,184$11,491,345
61$16,032,108$10,236,162$8,935,897$12,219,682
62$17,639,733$10,710,084$9,207,599$13,004,732
63$19,410,465$11,206,357$9,487,533$13,851,546
64$21,360,913$11,726,050$9,775,946$14,765,658
65$23,509,379$12,270,280$10,073,094$15,753,137
66$25,876,034$12,840,221$10,379,240$16,820,631
67$28,483,102$13,437,104$10,694,657$17,975,433
68$31,355,073$14,062,217$11,019,622$19,225,540
69$34,518,936$14,716,912$11,354,426$20,579,727
70$38,004,431$15,402,604$11,699,362$22,047,620
71$41,844,330$16,120,779$12,054,738$23,639,785
72$46,074,748$16,872,993$12,420,868$25,367,819
73$50,735,480$17,660,878$12,798,075$27,244,454
74$55,870,382$18,486,144$13,186,694$29,283,672
75$61,527,781$19,350,584$13,587,068$31,500,829
76$67,760,931$20,256,079$13,999,550$33,912,791
77$74,628,517$21,204,598$14,424,507$36,538,091
78$82,195,210$22,198,208$14,862,312$39,397,090
79$90,532,276$23,239,074$15,313,354$42,512,162
80$99,718,246$24,329,467$15,778,029$45,907,903
81$109,839,663$25,471,767$16,256,750$49,611,345
82$120,991,895$26,668,470$16,749,937$53,652,208
83$133,280,035$27,922,192$17,258,026$58,063,168
84$146,819,894$29,235,675$17,781,466$62,880,157
85$161,739,097$30,611,796$18,320,718$68,142,690
86$178,178,280$32,053,569$18,876,257$73,894,226
87$196,292,426$33,564,156$19,448,574$80,182,570
88$216,252,324$35,146,870$20,038,172$87,060,306
89$238,246,181$36,805,187$20,645,571$94,585,288
90$262,481,400$38,542,749$21,271,305$102,821,166
91$289,186,535$40,363,376$21,915,926$111,837,974
92$318,613,452$42,271,072$22,580,000$121,712,781
93$351,039,707$44,270,038$23,264,113$132,530,398
94$386,771,162$46,364,674$23,968,866$144,384,163
95$426,144,875$48,559,598$24,694,878$157,376,807
96$469,532,284$50,859,650$25,442,787$171,621,405
97$517,342,708$53,269,903$26,213,252$187,242,426
98$570,027,216$55,795,681$27,006,948$204,376,885
99$628,082,884$58,442,561$27,824,572$223,175,622
100$692,057,487$61,216,395$28,666,844$243,804,698