Can I retire at age 53 with 5,000,000?

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 $5,000,000?

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$412,895$409,217$405,629$402,127$398,707$387,342
2 years$204,404$200,597$196,907$193,330$189,860$178,498
3 years$134,915$131,092$127,412$123,869$120,455$109,453
4 years$100,178$96,367$92,723$89,240$85,910$75,351
5 years$79,341$75,553$71,957$68,545$65,307$55,221
6 years$65,455$61,694$58,152$54,816$51,675$42,071
7 years$55,539$51,811$48,325$45,067$42,026$32,904
8 years$48,106$44,411$40,983$37,806$34,865$26,219
9 years$42,328$38,668$35,299$32,202$29,361$21,184
10 years$37,708$34,084$30,774$27,759$25,017$17,297
11 years$33,931$30,343$27,093$24,158$21,515$14,241
12 years$30,785$27,234$24,044$21,190$18,645$11,801
13 years$28,126$24,612$21,482$18,708$16,259$9,830
14 years$25,848$22,371$19,302$16,607$14,252$8,223
15 years$23,876$20,437$17,427$14,810$12,549$6,903
16 years$22,152$18,750$15,800$13,261$11,091$5,812
17 years$20,632$17,268$14,377$11,915$9,834$4,904
18 years$19,283$15,957$13,125$10,738$8,744$4,147
19 years$18,077$14,789$12,015$9,702$7,793$3,512
20 years$16,993$13,742$11,027$8,787$6,961$2,979
21 years$16,014$12,800$10,143$7,975$6,230$2,529
22 years$15,125$11,949$9,348$7,251$5,584$2,150
23 years$14,314$11,175$8,631$6,604$5,012$1,829
24 years$13,572$10,471$7,982$6,023$4,505$1,557
25 years$12,891$9,826$7,393$5,501$4,054$1,326
26 years$12,263$9,235$6,857$5,029$3,652$1,130
27 years$11,682$8,691$6,367$4,604$3,292$963
28 years$11,144$8,190$5,919$4,218$2,971$822
29 years$10,644$7,726$5,508$3,868$2,683$701
30 years$10,178$7,296$5,131$3,550$2,424$598
31 years$9,743$6,898$4,783$3,260$2,191$511
32 years$9,336$6,526$4,463$2,996$1,982$436
33 years$8,954$6,181$4,167$2,755$1,794$372
34 years$8,596$5,858$3,893$2,535$1,624$318
35 years$8,259$5,556$3,640$2,334$1,471$272
36 years$7,941$5,274$3,405$2,149$1,333$232
37 years$7,641$5,009$3,187$1,980$1,208$198
38 years$7,358$4,760$2,985$1,825$1,095$169
39 years$7,090$4,526$2,796$1,683$993$145
40 years$6,836$4,306$2,621$1,552$901$124
41 years$6,595$4,099$2,458$1,432$817$106
42 years$6,366$3,904$2,305$1,322$742$90
43 years$6,148$3,720$2,163$1,220$673$77
44 years$5,941$3,546$2,031$1,127$611$66
45 years$5,743$3,381$1,907$1,040$555$56
46 years$5,555$3,225$1,791$961$504$48
47 years$5,375$3,078$1,682$888$457$41
48 years$5,203$2,938$1,581$820$415$35
49 years$5,039$2,806$1,486$758$377$30
50 years$4,882$2,680$1,397$701$343$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,000,000, adding $5,713 every year, while hoping to spend $50,495 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: 72/20/8 Blend
52$5,000,000$5,000,000$5,000,000$5,000,000
53$5,515,893$5,250,893$5,173,393$5,905,397
54$6,024,788$5,454,460$5,292,975$6,366,893
55$6,583,897$5,666,310$5,414,871$6,865,183
56$7,198,291$5,886,795$5,539,105$7,409,346
57$7,873,551$6,116,283$5,665,700$8,003,893
58$8,615,831$6,355,159$5,794,679$8,653,787
59$9,431,907$6,603,823$5,926,062$9,364,492
60$10,329,247$6,862,696$6,059,871$10,142,022
61$11,316,078$7,132,215$6,196,123$10,992,998
62$12,401,462$7,412,837$6,334,837$11,924,709
63$13,595,386$7,705,042$6,476,030$12,945,181
64$14,908,853$8,009,327$6,619,715$14,063,250
65$16,353,986$8,326,214$6,765,905$15,288,645
66$17,944,143$8,656,248$6,914,613$16,632,079
67$19,694,040$8,999,998$7,065,847$18,105,351
68$21,619,893$9,358,060$7,219,614$19,721,453
69$23,739,571$9,731,054$7,375,920$21,494,692
70$26,072,762$10,119,629$7,534,767$23,440,827
71$28,641,158$10,524,466$7,696,157$25,577,212
72$31,468,663$10,946,272$7,860,085$27,922,963
73$34,581,616$11,385,788$8,026,547$30,499,132
74$38,009,039$11,843,791$8,195,535$33,328,910
75$41,782,913$12,321,088$8,367,037$36,437,839
76$45,938,476$12,818,527$8,541,039$39,854,057
77$50,514,558$13,336,992$8,717,521$43,608,557
78$55,553,946$13,877,409$8,896,461$47,735,480
79$61,103,790$14,440,743$9,077,834$52,272,438
80$67,216,043$15,028,006$9,261,608$57,260,862
81$73,947,955$15,640,254$9,447,748$62,746,395
82$81,362,613$16,278,592$9,636,213$68,779,323
83$89,529,532$16,944,176$9,826,959$75,415,040
84$98,525,317$17,638,214$10,019,935$82,714,578
85$108,434,381$18,361,968$10,215,085$90,745,173
86$119,349,744$19,116,759$10,412,345$99,580,903
87$131,373,907$19,903,970$10,611,649$109,303,383
88$144,619,825$20,725,045$10,812,919$120,002,531
89$159,211,970$21,581,494$11,016,074$131,777,420
90$175,287,502$22,474,898$11,221,023$144,737,202
91$192,997,569$23,406,911$11,427,670$159,002,143
92$212,508,732$24,379,260$11,635,907$174,704,754
93$234,004,534$25,393,755$11,845,621$191,991,036
94$257,687,234$26,452,287$12,056,688$211,021,857
95$283,779,719$27,556,836$12,268,974$231,974,467
96$312,527,602$28,709,472$12,482,335$255,044,169
97$344,201,542$29,912,361$12,696,619$280,446,158
98$379,099,802$31,167,770$12,911,659$308,417,550
99$417,551,061$32,478,069$13,127,278$339,219,614
100$459,917,515$33,845,740$13,343,287$373,140,237