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

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$561,538$556,536$551,656$546,893$542,242$525,515
2 years$277,989$272,812$267,794$262,929$258,210$241,505
3 years$183,485$178,285$173,280$168,461$163,819$147,659
4 years$136,242$131,059$126,104$121,367$116,837$101,346
5 years$107,904$102,752$97,862$93,221$88,818$74,037
6 years$89,018$83,904$79,087$74,550$70,279$56,222
7 years$75,534$70,463$65,722$61,292$57,155$43,821
8 years$65,425$60,400$55,737$51,416$47,416$34,795
9 years$57,566$52,589$48,006$43,795$39,931$28,011
10 years$51,283$46,354$41,853$37,752$34,023$22,786
11 years$46,146$41,267$36,847$32,855$29,261$18,687
12 years$41,868$37,039$32,701$28,819$25,357$15,424
13 years$38,251$33,472$29,216$25,442$22,112$12,796
14 years$35,153$30,425$26,250$22,585$19,383$10,660
15 years$32,471$27,794$23,701$20,142$17,066$8,911
16 years$30,127$25,500$21,488$18,035$15,083$7,470
17 years$28,060$23,485$19,553$16,204$13,374$6,276
18 years$26,225$21,701$17,850$14,603$11,891$5,283
19 years$24,585$20,112$16,341$13,195$10,599$4,454
20 years$23,111$18,689$14,997$11,951$9,467$3,761
21 years$21,779$17,408$13,794$10,846$8,472$3,178
22 years$20,570$16,250$12,713$9,862$7,594$2,689
23 years$19,467$15,198$11,738$8,981$6,817$2,277
24 years$18,458$14,240$10,856$8,191$6,127$1,929
25 years$17,531$13,364$10,055$7,481$5,514$1,635
26 years$16,677$12,560$9,325$6,840$4,966$1,387
27 years$15,888$11,820$8,659$6,261$4,478$1,176
28 years$15,156$11,138$8,050$5,736$4,040$999
29 years$14,476$10,507$7,491$5,260$3,648$848
30 years$13,842$9,923$6,978$4,828$3,296$720
31 years$13,250$9,381$6,505$4,434$2,980$611
32 years$12,697$8,876$6,070$4,075$2,696$519
33 years$12,178$8,406$5,667$3,747$2,440$441
34 years$11,690$7,967$5,295$3,448$2,209$375
35 years$11,232$7,556$4,950$3,174$2,001$319
36 years$10,800$7,172$4,631$2,923$1,813$271
37 years$10,392$6,812$4,335$2,693$1,643$230
38 years$10,007$6,474$4,059$2,482$1,489$196
39 years$9,642$6,156$3,803$2,289$1,351$166
40 years$9,297$5,857$3,565$2,111$1,225$141
41 years$8,969$5,575$3,342$1,948$1,111$120
42 years$8,657$5,309$3,135$1,798$1,009$102
43 years$8,361$5,059$2,942$1,659$915$87
44 years$8,079$4,822$2,762$1,532$831$74
45 years$7,811$4,598$2,593$1,415$754$63
46 years$7,555$4,387$2,435$1,307$685$53
47 years$7,310$4,186$2,288$1,208$622$45
48 years$7,076$3,996$2,150$1,116$565$39
49 years$6,853$3,816$2,021$1,031$513$33
50 years$6,639$3,645$1,900$953$466$28

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 $5,634 every year, while hoping to spend $35,795 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: 71/15/14 Blend
52$6,800,000$6,800,000$6,800,000$6,800,000
53$7,499,411$7,139,011$7,033,611$8,008,215
54$8,226,266$7,450,737$7,231,152$8,658,261
55$9,026,060$7,776,538$7,434,110$9,364,767
56$9,906,195$8,117,066$7,642,630$10,137,260
57$10,874,828$8,473,003$7,856,859$10,982,249
58$11,940,944$8,845,064$8,076,948$11,906,899
59$13,114,446$9,233,998$8,303,051$12,919,099
60$14,406,245$9,640,589$8,535,329$14,027,532
61$15,828,362$10,065,658$8,773,942$15,241,756
62$17,394,044$10,510,064$9,019,058$16,572,297
63$19,117,888$10,974,709$9,270,849$18,030,740
64$21,015,979$11,460,536$9,529,488$19,629,845
65$23,106,038$11,968,532$9,795,156$21,383,661
66$25,407,597$12,499,733$10,068,036$23,307,656
67$27,942,173$13,055,221$10,348,317$25,418,866
68$30,733,481$13,636,134$10,636,192$27,736,053
69$33,807,651$14,243,658$10,931,859$30,279,875
70$37,193,475$14,879,042$11,235,520$33,073,087
71$40,922,684$15,543,588$11,547,384$36,140,751
72$45,030,238$16,238,665$11,867,662$39,510,467
73$49,554,667$16,965,704$12,196,573$43,212,637
74$54,538,425$17,726,205$12,534,340$47,280,748
75$60,028,295$18,521,740$12,881,191$51,751,684
76$66,075,831$19,353,956$13,237,361$56,666,074
77$72,737,842$20,224,576$13,603,089$62,068,675
78$80,076,930$21,135,408$13,978,620$68,008,786
79$88,162,079$22,088,346$14,364,207$74,540,717
80$97,069,309$23,085,372$14,760,105$81,724,296
81$106,882,389$24,128,566$15,166,580$89,625,433
82$117,693,632$25,220,105$15,583,899$98,316,735
83$129,604,762$26,362,270$16,012,340$107,878,194
84$142,727,879$27,557,452$16,452,184$118,397,935
85$157,186,512$28,808,156$16,903,721$129,973,047
86$173,116,787$30,117,007$17,367,247$142,710,493
87$190,668,714$31,486,755$17,843,065$156,728,121
88$210,007,599$32,920,283$18,331,484$172,155,768
89$231,315,607$34,420,609$18,832,821$189,136,485
90$254,793,479$35,990,899$19,347,401$207,827,882
91$280,662,430$37,634,469$19,875,555$228,403,610
92$309,166,235$39,354,795$20,417,623$251,055,002
93$340,573,529$41,155,518$20,973,951$275,992,865
94$375,180,346$43,040,456$21,544,895$303,449,475
95$413,312,910$45,013,607$22,130,818$333,680,759
96$455,330,717$47,079,164$22,732,091$366,968,706
97$501,629,927$49,241,520$23,349,093$403,624,027
98$552,647,104$51,505,278$23,982,211$443,989,080
99$608,863,337$53,875,265$24,631,844$488,441,094
100$670,808,782$56,356,538$25,298,395$537,395,730