Can I retire at age 53 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$421,153$417,402$413,742$410,169$406,681$402,937
2 years$208,492$204,609$200,846$197,197$193,658$189,886
3 years$137,614$133,714$129,960$126,346$122,864$119,181
4 years$102,182$98,294$94,578$91,025$87,628$84,062
5 years$80,928$77,064$73,396$69,916$66,613$63,175
6 years$66,764$62,928$59,315$55,912$52,709$49,402
7 years$56,650$52,847$49,291$45,969$42,866$39,693
8 years$49,068$45,300$41,803$38,562$35,562$32,522
9 years$43,175$39,442$36,005$32,846$29,948$27,040
10 years$38,462$34,766$31,390$28,314$25,517$22,740
11 years$34,610$30,950$27,635$24,641$21,946$19,297
12 years$31,401$27,779$24,525$21,614$19,018$16,495
13 years$28,688$25,104$21,912$19,082$16,584$14,184
14 years$26,365$22,819$19,688$16,939$14,537$12,257
15 years$24,353$20,846$17,775$15,106$12,800$10,636
16 years$22,595$19,125$16,116$13,526$11,312$9,261
17 years$21,045$17,614$14,665$12,153$10,030$8,089
18 years$19,669$16,276$13,387$10,952$8,919$7,082
19 years$18,439$15,084$12,255$9,896$7,949$6,215
20 years$17,333$14,017$11,247$8,963$7,101$5,464
21 years$16,334$13,056$10,345$8,135$6,354$4,812
22 years$15,427$12,188$9,535$7,396$5,696$4,243
23 years$14,601$11,399$8,804$6,736$5,113$3,747
24 years$13,844$10,680$8,142$6,144$4,595$3,312
25 years$13,149$10,023$7,541$5,611$4,135$2,930
26 years$12,508$9,420$6,994$5,130$3,725$2,595
27 years$11,916$8,865$6,495$4,696$3,358$2,300
28 years$11,367$8,353$6,038$4,302$3,030$2,039
29 years$10,857$7,881$5,618$3,945$2,736$1,809
30 years$10,381$7,442$5,233$3,621$2,472$1,606
31 years$9,938$7,035$4,879$3,325$2,235$1,426
32 years$9,523$6,657$4,552$3,056$2,022$1,267
33 years$9,133$6,304$4,250$2,810$1,830$1,126
34 years$8,768$5,975$3,971$2,586$1,657$1,001
35 years$8,424$5,667$3,713$2,380$1,501$891
36 years$8,100$5,379$3,473$2,192$1,360$792
37 years$7,794$5,109$3,251$2,020$1,232$705
38 years$7,505$4,855$3,044$1,862$1,117$627
39 years$7,232$4,617$2,852$1,717$1,013$558
40 years$6,973$4,393$2,673$1,583$919$497
41 years$6,727$4,181$2,507$1,461$834$442
42 years$6,493$3,982$2,351$1,348$756$394
43 years$6,271$3,794$2,207$1,245$686$351
44 years$6,060$3,617$2,071$1,149$623$312
45 years$5,858$3,449$1,945$1,061$566$278
46 years$5,666$3,290$1,827$980$514$248
47 years$5,483$3,140$1,716$906$466$221
48 years$5,307$2,997$1,613$837$424$197
49 years$5,140$2,862$1,516$773$385$175
50 years$4,979$2,734$1,425$715$349$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,100,000, adding $2,822 every year, while hoping to spend $36,304 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: 24/50/26 Blend
52$5,100,000$5,100,000$5,100,000$5,100,000
53$5,623,111$5,352,811$5,273,761$5,711,694
54$6,158,041$5,576,471$5,411,805$6,009,972
55$6,746,317$5,809,875$5,553,256$6,326,059
56$7,393,343$6,053,459$5,698,191$6,663,963
57$8,105,070$6,307,685$5,846,687$7,025,519
58$8,888,058$6,573,033$5,998,822$7,412,736
59$9,749,533$6,850,005$6,154,676$7,827,809
60$10,697,459$7,139,128$6,314,330$8,273,144
61$11,740,606$7,440,952$6,477,868$8,751,371
62$12,888,643$7,756,054$6,645,371$9,265,372
63$14,152,221$8,085,037$6,816,927$9,818,303
64$15,543,075$8,428,531$6,992,622$10,413,623
65$17,074,137$8,787,197$7,172,542$11,055,121
66$18,759,655$9,161,726$7,356,779$11,746,952
67$20,615,331$9,552,842$7,545,423$12,493,674
68$22,658,466$9,961,302$7,738,565$13,300,284
69$24,908,121$10,387,898$7,936,299$14,172,263
70$27,385,304$10,833,459$8,138,719$15,115,630
71$30,113,161$11,298,855$8,345,922$16,136,986
72$33,117,198$11,784,993$8,558,005$17,243,581
73$36,425,520$12,292,826$8,775,067$18,443,374
74$40,069,098$12,823,349$8,997,206$19,745,104
75$44,082,058$13,377,605$9,224,525$21,158,373
76$48,502,006$13,956,686$9,457,125$22,693,725
77$53,370,382$14,561,735$9,695,109$24,362,749
78$58,732,849$15,193,948$9,938,584$26,178,177
79$64,639,726$15,854,578$10,187,653$28,154,004
80$71,146,463$16,544,937$10,442,424$30,305,611
81$78,314,162$17,266,399$10,703,004$32,649,908
82$86,210,155$18,020,400$10,969,503$35,205,488
83$94,908,639$18,808,449$11,242,031$37,992,792
84$104,491,378$19,632,121$11,520,696$41,034,304
85$115,048,471$20,493,067$11,805,612$44,354,748
86$126,679,206$21,393,018$12,096,891$47,981,321
87$139,492,992$22,333,783$12,394,644$51,943,942
88$153,610,399$23,317,260$12,698,986$56,275,523
89$169,164,289$24,345,435$13,010,031$61,012,275
90$186,301,073$25,420,387$13,327,894$66,194,045
91$205,182,092$26,544,297$13,652,688$71,864,677
92$225,985,142$27,719,444$13,984,530$78,072,423
93$248,906,150$28,948,220$14,323,535$84,870,386
94$274,161,022$30,233,127$14,669,817$92,317,013
95$301,987,683$31,576,787$15,023,494$100,476,638
96$332,648,325$32,981,948$15,384,679$109,420,075
97$366,431,875$34,451,485$15,753,487$119,225,282
98$403,656,731$35,988,412$16,130,033$129,978,078
99$444,673,759$37,595,886$16,514,431$141,772,948
100$489,869,612$39,277,213$16,906,794$154,713,918