Can I retire at age 53 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$445,927$441,955$438,080$434,297$430,604$426,996
2 years$220,756$216,645$212,660$208,797$205,049$201,413
3 years$145,709$141,580$137,605$133,778$130,092$126,540
4 years$108,192$104,076$100,141$96,380$92,783$89,342
5 years$85,689$81,597$77,714$74,029$70,532$67,213
6 years$70,691$66,630$62,804$59,201$55,809$52,617
7 years$59,983$55,956$52,191$48,673$45,388$42,323
8 years$51,955$47,964$44,262$40,830$37,654$34,716
9 years$45,714$41,762$38,123$34,778$31,710$28,899
10 years$40,725$36,811$33,236$29,979$27,018$24,332
11 years$36,645$32,771$29,261$26,091$23,237$20,673
12 years$33,248$29,413$25,968$22,885$20,136$17,693
13 years$30,376$26,581$23,201$20,204$17,559$15,234
14 years$27,916$24,161$20,846$17,935$15,392$13,182
15 years$25,786$22,072$18,821$15,995$13,553$11,454
16 years$23,924$20,250$17,064$14,322$11,978$9,987
17 years$22,283$18,650$15,528$12,868$10,620$8,735
18 years$20,826$17,233$14,175$11,597$9,443$7,659
19 years$19,523$15,972$12,976$10,479$8,417$6,731
20 years$18,353$14,842$11,909$9,490$7,518$5,926
21 years$17,295$13,824$10,954$8,613$6,728$5,226
22 years$16,335$12,905$10,096$7,831$6,031$4,616
23 years$15,459$12,069$9,322$7,132$5,413$4,082
24 years$14,658$11,308$8,621$6,505$4,866$3,614
25 years$13,922$10,612$7,985$5,941$4,378$3,202
26 years$13,244$9,974$7,405$5,432$3,944$2,840
27 years$12,617$9,386$6,877$4,972$3,556$2,521
28 years$12,035$8,845$6,393$4,555$3,208$2,239
29 years$11,495$8,344$5,949$4,177$2,897$1,990
30 years$10,992$7,880$5,541$3,834$2,618$1,769
31 years$10,522$7,449$5,166$3,521$2,367$1,574
32 years$10,083$7,049$4,820$3,236$2,141$1,401
33 years$9,671$6,675$4,500$2,976$1,937$1,247
34 years$9,284$6,326$4,205$2,738$1,754$1,110
35 years$8,920$6,001$3,931$2,520$1,589$989
36 years$8,576$5,695$3,678$2,321$1,440$881
37 years$8,253$5,409$3,442$2,139$1,305$785
38 years$7,947$5,141$3,223$1,971$1,183$700
39 years$7,657$4,888$3,020$1,818$1,073$624
40 years$7,383$4,651$2,831$1,676$973$557
41 years$7,122$4,427$2,654$1,547$883$496
42 years$6,875$4,216$2,490$1,427$801$443
43 years$6,640$4,017$2,336$1,318$727$395
44 years$6,416$3,829$2,193$1,217$660$352
45 years$6,203$3,652$2,059$1,124$599$314
46 years$5,999$3,484$1,934$1,038$544$281
47 years$5,805$3,324$1,817$959$494$250
48 years$5,619$3,174$1,707$886$448$223
49 years$5,442$3,031$1,605$819$407$199
50 years$5,272$2,895$1,509$757$370$178

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,400,000, adding $3,975 every year, while hoping to spend $35,210 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: 55/32/13 Blend
52$5,400,000$5,400,000$5,400,000$5,400,000
53$5,954,900$5,668,700$5,585,000$6,262,195
54$6,524,837$5,909,003$5,734,635$6,711,567
55$7,151,727$6,159,901$5,888,102$7,196,455
56$7,841,343$6,421,876$6,045,492$7,723,610
57$8,600,043$6,695,432$6,206,900$8,297,067
58$9,434,837$6,981,097$6,372,420$8,921,264
59$10,353,443$7,279,423$6,542,149$9,601,079
60$11,364,369$7,590,990$6,716,186$10,341,876
61$12,476,987$7,916,401$6,894,631$11,149,552
62$13,701,627$8,256,292$7,077,588$12,030,593
63$15,049,668$8,611,325$7,265,162$12,992,135
64$16,533,648$8,982,194$7,457,460$14,042,024
65$18,167,386$9,369,627$7,654,590$15,188,894
66$19,966,105$9,774,385$7,856,664$16,442,242
67$21,946,581$10,197,263$8,063,796$17,812,520
68$24,127,300$10,639,096$8,276,100$19,311,227
69$26,528,630$11,100,757$8,493,695$20,951,017
70$29,173,016$11,583,161$8,716,701$22,745,818
71$32,085,192$12,087,264$8,945,238$24,710,958
72$35,292,410$12,614,068$9,179,432$26,863,308
73$38,824,703$13,164,624$9,419,410$29,221,440
74$42,715,161$13,740,030$9,665,299$31,805,797
75$47,000,253$14,341,436$9,917,231$34,638,887
76$51,720,160$14,970,048$10,175,340$37,745,485
77$56,919,163$15,627,127$10,439,760$41,152,873
78$62,646,056$16,313,994$10,710,631$44,891,087
79$68,954,607$17,032,034$10,988,091$48,993,199
80$75,904,069$17,782,696$11,272,284$53,495,628
81$83,559,733$18,567,496$11,563,354$58,438,475
82$91,993,548$19,388,026$11,861,449$63,865,904
83$101,284,800$20,245,949$12,166,717$69,826,548
84$111,520,859$21,143,010$12,479,312$76,373,968
85$122,798,003$22,081,035$12,799,386$83,567,153
86$135,222,330$23,061,936$13,127,095$91,471,071
87$148,910,755$24,087,718$13,462,600$100,157,278
88$163,992,114$25,160,479$13,806,060$109,704,591
89$180,608,386$26,282,417$14,157,638$120,199,819
90$198,916,022$27,455,837$14,517,501$131,738,587
91$219,087,434$28,683,150$14,885,814$144,426,223
92$241,312,611$29,966,884$15,262,748$158,378,753
93$265,800,922$31,309,686$15,648,475$173,723,986
94$292,783,085$32,714,330$16,043,168$190,602,716
95$322,513,349$34,183,721$16,447,003$209,170,042
96$355,271,890$35,720,903$16,860,157$229,596,825
97$391,367,462$37,329,066$17,282,811$252,071,295
98$431,140,304$39,011,551$17,715,146$276,800,818
99$474,965,356$40,771,858$18,157,345$304,013,846
100$523,255,799$42,613,656$18,609,593$333,962,063