Can I retire at age 53 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$569,796$564,720$559,768$554,935$550,216$546,519
2 years$282,077$276,824$271,732$266,796$262,007$258,279
3 years$186,183$180,907$175,829$170,939$166,228$162,584
4 years$138,246$132,986$127,958$123,152$118,555$115,023
5 years$109,491$104,263$99,301$94,592$90,124$86,714
6 years$90,327$85,138$80,250$75,646$71,312$68,029
7 years$76,644$71,499$66,688$62,193$57,996$54,841
8 years$66,387$61,288$56,557$52,172$48,113$45,087
9 years$58,413$53,362$48,712$44,439$40,518$37,619
10 years$52,037$47,036$42,468$38,307$34,524$31,751
11 years$46,825$41,873$37,389$33,338$29,691$27,043
12 years$42,484$37,583$33,181$29,242$25,730$23,203
13 years$38,814$33,964$29,645$25,817$22,437$20,029
14 years$35,670$30,873$26,637$22,917$19,668$17,377
15 years$32,949$28,203$24,049$20,438$17,317$15,139
16 years$30,570$25,875$21,804$18,300$15,305$13,237
17 years$28,473$23,830$19,841$16,442$13,571$11,609
18 years$26,611$22,020$18,112$14,818$12,066$10,208
19 years$24,947$20,408$16,581$13,389$10,755$8,997
20 years$23,451$18,964$15,217$12,127$9,607$7,944
21 years$22,099$17,665$13,997$11,006$8,597$7,027
22 years$20,872$16,489$12,900$10,007$7,706$6,225
23 years$19,754$15,422$11,911$9,113$6,917$5,521
24 years$18,730$14,449$11,016$8,312$6,217$4,903
25 years$17,789$13,560$10,203$7,591$5,595$4,358
26 years$16,922$12,744$9,463$6,941$5,039$3,878
27 years$16,121$11,994$8,787$6,353$4,543$3,453
28 years$15,379$11,302$8,168$5,821$4,100$3,076
29 years$14,688$10,662$7,601$5,338$3,702$2,743
30 years$14,045$10,069$7,080$4,899$3,345$2,447
31 years$13,445$9,519$6,601$4,499$3,024$2,184
32 years$12,883$9,006$6,159$4,135$2,736$1,950
33 years$12,357$8,529$5,750$3,802$2,476$1,741
34 years$11,862$8,084$5,373$3,498$2,241$1,556
35 years$11,397$7,667$5,023$3,220$2,030$1,391
36 years$10,959$7,277$4,699$2,966$1,839$1,243
37 years$10,545$6,912$4,398$2,733$1,667$1,112
38 years$10,154$6,569$4,119$2,519$1,511$994
39 years$9,784$6,246$3,859$2,322$1,371$890
40 years$9,433$5,943$3,617$2,142$1,243$796
41 years$9,101$5,657$3,392$1,976$1,128$712
42 years$8,785$5,388$3,181$1,824$1,023$638
43 years$8,484$5,133$2,985$1,684$929$571
44 years$8,198$4,893$2,802$1,555$843$511
45 years$7,926$4,666$2,631$1,436$765$457
46 years$7,666$4,451$2,471$1,326$695$410
47 years$7,418$4,248$2,322$1,225$631$367
48 years$7,180$4,055$2,182$1,132$573$328
49 years$6,954$3,872$2,051$1,046$520$294
50 years$6,737$3,699$1,928$967$473$263

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $6,900,000, adding $3,595 every year, while hoping to spend $33,414 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: 69/12/19 Blend
52$6,900,000$6,900,000$6,900,000$6,900,000
53$7,607,508$7,241,808$7,134,858$8,096,926
54$8,347,922$7,561,105$7,338,324$8,743,312
55$9,162,738$7,894,927$7,547,485$9,446,068
56$10,059,510$8,243,951$7,762,499$10,214,207
57$11,046,561$8,608,885$7,983,524$11,054,179
58$12,133,062$8,990,473$8,210,724$11,973,083
59$13,329,119$9,389,490$8,444,267$12,978,733
60$14,645,865$9,806,752$8,684,327$14,079,733
61$16,095,571$10,243,110$8,931,079$15,285,554
62$17,691,755$10,699,459$9,184,707$16,606,624
63$19,449,315$11,176,733$9,445,395$18,054,426
64$21,384,666$11,675,913$9,713,336$19,641,601
65$23,515,895$12,198,026$9,988,726$21,382,072
66$25,862,934$12,744,148$10,271,767$23,291,169
67$28,447,747$13,315,404$10,562,664$25,385,774
68$31,294,534$13,912,976$10,861,630$27,684,482
69$34,429,965$14,538,100$11,168,883$30,207,768
70$37,883,427$15,192,072$11,484,646$32,978,185
71$41,687,302$15,876,250$11,809,148$36,020,573
72$45,877,275$16,592,054$12,142,622$39,362,290
73$50,492,668$17,340,976$12,485,311$43,033,471
74$55,576,813$18,124,576$12,837,462$47,067,309
75$61,177,458$18,944,490$13,199,327$51,500,368
76$67,347,220$19,802,432$13,571,166$56,372,923
77$74,144,083$20,700,198$13,953,246$61,729,343
78$81,631,940$21,639,669$14,345,841$67,618,501
79$89,881,202$22,622,816$14,749,230$74,094,239
80$98,969,456$23,651,706$15,163,701$81,215,871
81$108,982,204$24,728,503$15,589,549$89,048,741
82$120,013,665$25,855,475$16,027,075$97,664,835
83$132,167,667$27,035,001$16,476,589$107,143,462
84$145,558,623$28,269,571$16,938,409$117,571,998
85$160,312,618$29,561,795$17,412,861$129,046,706
86$176,568,590$30,914,408$17,900,278$141,673,643
87$194,479,651$32,330,279$18,401,002$155,569,660
88$214,214,524$33,812,411$18,915,384$170,863,497
89$235,959,139$35,363,953$19,443,782$187,697,000
90$259,918,389$36,988,204$19,986,567$206,226,453
91$286,318,062$38,688,623$20,544,114$226,624,051
92$315,406,973$40,468,835$21,116,811$249,079,519
93$347,459,314$42,332,638$21,705,054$273,801,905
94$382,777,240$44,284,013$22,309,250$301,021,542
95$421,693,723$46,327,134$22,929,814$330,992,222
96$464,575,693$48,466,373$23,567,172$363,993,587
97$511,827,503$50,706,316$24,221,763$400,333,761
98$563,894,749$53,051,766$24,894,032$440,352,260
99$621,268,471$55,507,759$25,584,439$484,423,185
100$684,489,790$58,079,575$26,293,453$532,958,751