Can I retire at age 53 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$470,701$466,508$462,417$458,425$454,526$442,282
2 years$233,020$228,680$224,474$220,396$216,441$204,193
3 years$153,804$149,445$145,250$141,210$137,319$125,450
4 years$114,203$109,858$105,705$101,734$97,937$86,539
5 years$90,449$86,130$82,031$78,141$74,450$63,554
6 years$74,618$70,332$66,293$62,490$58,910$48,526
7 years$63,315$59,064$55,090$51,377$47,910$38,038
8 years$54,841$50,629$46,721$43,099$39,746$30,382
9 years$48,254$44,082$40,241$36,711$33,472$24,607
10 years$42,987$38,856$35,083$31,645$28,519$20,142
11 years$38,681$34,591$30,886$27,540$24,528$16,625
12 years$35,095$31,047$27,411$24,157$21,255$13,813
13 years$32,063$28,058$24,490$21,327$18,535$11,538
14 years$29,467$25,504$22,004$18,931$16,248$9,678
15 years$27,218$23,298$19,867$16,884$14,306$8,148
16 years$25,253$21,375$18,012$15,117$12,643$6,879
17 years$23,521$19,686$16,390$13,583$11,210$5,822
18 years$21,983$18,191$14,962$12,241$9,968$4,937
19 years$20,608$16,859$13,697$11,061$8,885$4,194
20 years$19,372$15,666$12,571$10,018$7,936$3,568
21 years$18,256$14,592$11,563$9,092$7,102$3,039
22 years$17,242$13,621$10,657$8,266$6,366$2,591
23 years$16,318$12,740$9,840$7,528$5,714$2,211
24 years$15,472$11,936$9,100$6,866$5,136$1,888
25 years$14,695$11,202$8,428$6,271$4,622$1,614
26 years$13,979$10,528$7,817$5,734$4,163$1,380
27 years$13,318$9,908$7,259$5,248$3,753$1,180
28 years$12,704$9,336$6,748$4,808$3,387$1,010
29 years$12,134$8,808$6,279$4,409$3,058$864
30 years$11,603$8,318$5,849$4,047$2,763$740
31 years$11,107$7,863$5,453$3,717$2,498$634
32 years$10,643$7,440$5,088$3,416$2,260$543
33 years$10,208$7,046$4,750$3,141$2,045$465
34 years$9,799$6,678$4,438$2,890$1,852$398
35 years$9,415$6,334$4,150$2,660$1,677$341
36 years$9,053$6,012$3,882$2,450$1,520$293
37 years$8,711$5,710$3,633$2,257$1,377$251
38 years$8,388$5,426$3,403$2,081$1,249$215
39 years$8,082$5,160$3,188$1,919$1,132$184
40 years$7,793$4,909$2,988$1,770$1,027$158
41 years$7,518$4,673$2,802$1,633$932$136
42 years$7,257$4,451$2,628$1,507$845$116
43 years$7,009$4,241$2,466$1,391$767$100
44 years$6,772$4,042$2,315$1,284$696$85
45 years$6,547$3,855$2,174$1,186$632$73
46 years$6,333$3,677$2,042$1,096$574$63
47 years$6,128$3,509$1,918$1,012$521$54
48 years$5,932$3,350$1,802$935$473$46
49 years$5,744$3,199$1,694$864$430$40
50 years$5,565$3,056$1,593$799$391$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,700,000, adding $3,234 every year, while hoping to spend $40,284 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: 59/28/13 Blend
52$5,700,000$5,700,000$5,700,000$5,700,000
53$6,284,736$5,982,636$5,894,286$6,635,095
54$6,882,917$6,232,923$6,048,883$7,121,921
55$7,540,763$6,494,124$6,207,308$7,647,750
56$8,264,316$6,766,732$6,369,648$8,220,180
57$9,060,235$7,051,260$6,535,990$8,843,704
58$9,935,856$7,348,249$6,706,423$9,523,261
59$10,899,261$7,658,262$6,881,037$10,264,285
60$11,959,358$7,981,889$7,059,923$11,072,752
61$13,125,958$8,319,747$7,243,176$11,955,236
62$14,409,874$8,672,482$7,430,891$12,918,969
63$15,823,018$9,040,772$7,623,163$13,971,910
64$17,378,519$9,425,322$7,820,092$15,122,814
65$19,090,840$9,826,875$8,021,777$16,381,316
66$20,975,918$10,246,204$8,228,319$17,758,020
67$23,051,316$10,684,122$8,439,821$19,264,597
68$25,336,383$11,141,477$8,656,389$20,913,891
69$27,852,443$11,619,159$8,878,127$22,720,042
70$30,622,991$12,118,096$9,105,143$24,698,614
71$33,673,918$12,639,265$9,337,546$26,866,741
72$37,033,751$13,183,682$9,575,448$29,243,287
73$40,733,928$13,752,417$9,818,960$31,849,018
74$44,809,089$14,346,586$10,068,196$34,706,802
75$49,297,407$14,967,359$10,323,270$37,841,817
76$54,240,942$15,615,960$10,584,300$41,281,785
77$59,686,048$16,293,671$10,851,403$45,057,237
78$65,683,798$17,001,835$11,124,699$49,201,790
79$72,290,477$17,741,856$11,404,308$53,752,469
80$79,568,106$18,515,207$11,690,353$58,750,048
81$87,585,029$19,323,428$11,982,955$64,239,431
82$96,416,559$20,168,133$12,282,241$70,270,076
83$106,145,687$21,051,011$12,588,336$76,896,456
84$116,863,867$21,973,831$12,901,365$84,178,570
85$128,671,879$22,938,445$13,221,458$92,182,504
86$141,680,776$23,946,795$13,548,742$100,981,050
87$156,012,939$25,000,911$13,883,349$110,654,391
88$171,803,224$26,102,922$14,225,407$121,290,853
89$189,200,244$27,255,056$14,575,048$132,987,731
90$208,367,762$28,459,646$14,932,405$145,852,206
91$229,486,242$29,719,138$15,297,610$160,002,348
92$252,754,555$31,036,092$15,670,796$175,568,227
93$278,391,848$32,413,188$16,052,096$192,693,136
94$306,639,619$33,853,237$16,441,644$211,534,935
95$337,763,995$35,359,180$16,839,573$232,267,536
96$372,058,241$36,934,099$17,246,018$255,082,539
97$409,845,534$38,581,223$17,661,112$280,191,033
98$451,482,008$40,303,931$18,084,988$307,825,580
99$497,360,116$42,105,768$18,517,780$338,242,405
100$547,912,341$43,990,444$18,959,618$371,723,808