Can I retire at age 53 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$454,185$450,139$446,192$442,340$438,578$426,247
2 years$224,844$220,656$216,598$212,663$208,847$196,518
3 years$148,407$144,201$140,153$136,255$132,501$120,560
4 years$110,196$106,003$101,996$98,164$94,501$83,039
5 years$87,275$83,108$79,153$75,400$71,838$60,888
6 years$72,000$67,864$63,967$60,298$56,843$46,414
7 years$61,093$56,992$53,157$49,574$46,229$36,321
8 years$52,917$48,853$45,081$41,586$38,351$28,959
9 years$46,561$42,535$38,829$35,422$32,297$23,412
10 years$41,479$37,493$33,852$30,534$27,519$19,128
11 years$37,324$33,377$29,802$26,574$23,667$15,758
12 years$33,864$29,958$26,449$23,309$20,509$13,067
13 years$30,938$27,073$23,630$20,578$17,885$10,892
14 years$28,433$24,609$21,232$18,267$15,677$9,118
15 years$26,263$22,480$19,170$16,291$13,804$7,660
16 years$24,367$20,625$17,380$14,587$12,200$6,453
17 years$22,696$18,995$15,815$13,106$10,817$5,450
18 years$21,211$17,552$14,437$11,811$9,618$4,611
19 years$19,885$16,267$13,217$10,673$8,573$3,909
20 years$18,693$15,116$12,130$9,666$7,657$3,318
21 years$17,615$14,080$11,157$8,773$6,853$2,819
22 years$16,637$13,144$10,283$7,976$6,142$2,398
23 years$15,746$12,293$9,494$7,264$5,514$2,042
24 years$14,930$11,518$8,781$6,625$4,956$1,739
25 years$14,180$10,809$8,133$6,051$4,459$1,483
26 years$13,489$10,158$7,543$5,532$4,017$1,265
27 years$12,850$9,560$7,004$5,064$3,622$1,079
28 years$12,258$9,009$6,511$4,640$3,268$921
29 years$11,708$8,499$6,059$4,255$2,951$786
30 years$11,196$8,026$5,644$3,905$2,666$672
31 years$10,717$7,587$5,262$3,586$2,411$574
32 years$10,269$7,179$4,909$3,296$2,180$490
33 years$9,850$6,799$4,584$3,031$1,973$419
34 years$9,456$6,444$4,283$2,789$1,787$358
35 years$9,085$6,112$4,004$2,567$1,618$306
36 years$8,735$5,801$3,746$2,364$1,466$262
37 years$8,405$5,510$3,506$2,178$1,329$224
38 years$8,094$5,236$3,283$2,008$1,205$191
39 years$7,799$4,979$3,076$1,851$1,092$164
40 years$7,519$4,737$2,883$1,708$991$140
41 years$7,254$4,509$2,703$1,575$899$120
42 years$7,002$4,294$2,536$1,454$816$102
43 years$6,763$4,092$2,380$1,342$740$88
44 years$6,535$3,900$2,234$1,239$672$75
45 years$6,318$3,719$2,097$1,144$610$64
46 years$6,110$3,548$1,970$1,057$554$55
47 years$5,913$3,386$1,851$977$503$47
48 years$5,724$3,232$1,739$902$457$40
49 years$5,543$3,087$1,635$834$415$34
50 years$5,370$2,949$1,537$771$377$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,500,000, adding $6,641 every year, while hoping to spend $28,880 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: 63/7/30 Blend
52$5,500,000$5,500,000$5,500,000$5,500,000
53$6,067,850$5,776,350$5,691,100$6,400,816
54$6,656,043$6,028,663$5,851,024$6,880,208
55$7,303,263$6,292,372$6,015,337$7,399,932
56$8,015,502$6,568,003$6,184,157$7,967,070
57$8,799,358$6,856,111$6,357,601$8,586,283
58$9,662,106$7,157,274$6,535,794$9,262,700
59$10,611,759$7,472,098$6,718,861$10,001,968
60$11,657,145$7,801,218$6,906,930$10,810,304
61$12,807,996$8,145,299$7,100,134$11,694,553
62$14,075,030$8,505,038$7,298,607$12,662,250
63$15,470,061$8,881,163$7,502,489$13,721,693
64$17,006,106$9,274,438$7,711,921$14,882,020
65$18,697,508$9,685,665$7,927,049$16,153,291
66$20,560,071$10,115,680$8,148,022$17,546,589
67$22,611,211$10,565,361$8,374,994$19,074,116
68$24,870,119$11,035,628$8,608,121$20,749,310
69$27,357,941$11,527,444$8,847,563$22,586,975
70$30,097,980$12,041,817$9,093,485$24,603,413
71$33,115,913$12,579,805$9,346,056$26,816,580
72$36,440,035$13,142,515$9,605,448$29,246,257
73$40,101,526$13,731,105$9,871,837$31,914,230
74$44,134,744$14,346,792$10,145,407$34,844,498
75$48,577,551$14,990,848$10,426,341$38,063,497
76$53,471,667$15,664,606$10,714,829$41,600,351
77$58,863,068$16,369,463$11,011,067$45,487,140
78$64,802,417$17,106,882$11,315,254$49,759,208
79$71,345,542$17,878,398$11,627,593$54,455,489
80$78,553,964$18,685,616$11,948,294$59,618,879
81$86,495,477$19,530,220$12,277,571$65,296,634
82$95,244,789$20,413,973$12,615,642$71,540,818
83$104,884,223$21,338,724$12,962,732$78,408,790
84$115,504,500$22,306,408$13,319,070$85,963,748
85$127,205,591$23,319,054$13,684,891$94,275,320
86$140,097,662$24,378,788$14,060,436$103,420,220
87$154,302,113$25,487,838$14,445,950$113,482,971
88$169,952,725$26,648,538$14,841,685$124,556,702
89$187,196,920$27,863,334$15,247,898$136,744,022
90$206,197,157$29,134,789$15,664,854$150,157,990
91$227,132,462$30,465,588$16,092,822$164,923,176
92$250,200,119$31,858,548$16,532,077$181,176,841
93$275,617,531$33,316,617$16,982,902$199,070,223
94$303,624,275$34,842,887$17,445,585$218,769,966
95$334,484,361$36,440,598$17,920,422$240,459,692
96$368,488,723$38,113,144$18,407,713$264,341,728
97$405,957,969$39,864,084$18,907,768$290,639,017
98$447,245,405$41,697,148$19,420,901$319,597,217
99$492,740,370$43,616,243$19,947,436$351,487,017
100$542,871,914$45,625,465$20,487,701$386,606,694