Can I retire at age 53 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$487,216$482,877$478,642$474,510$470,474$465,949
2 years$241,196$236,704$232,351$228,130$224,035$219,477
3 years$159,200$154,689$150,346$146,165$142,137$137,686
4 years$118,210$113,713$109,414$105,304$101,373$97,065
5 years$93,623$89,152$84,909$80,883$77,063$72,909
6 years$77,236$72,799$68,619$64,683$60,977$56,984
7 years$65,536$61,137$57,023$53,179$49,591$45,759
8 years$56,765$52,406$48,360$44,611$41,140$37,470
9 years$49,947$45,628$41,653$37,999$34,646$31,137
10 years$44,496$40,219$36,314$32,755$29,520$26,169
11 years$40,038$35,805$31,970$28,507$25,388$22,193
12 years$36,327$32,136$28,373$25,004$22,001$18,958
13 years$33,188$29,042$25,349$22,075$19,185$16,291
14 years$30,501$26,398$22,776$19,596$16,818$14,069
15 years$28,174$24,115$20,564$17,476$14,808$12,200
16 years$26,139$22,125$18,644$15,648$13,087$10,616
17 years$24,346$20,377$16,965$14,059$11,604$9,266
18 years$22,754$18,829$15,487$12,670$10,318$8,107
19 years$21,331$17,450$14,178$11,449$9,196$7,109
20 years$20,052$16,216$13,012$10,369$8,214$6,246
21 years$18,897$15,104$11,968$9,411$7,351$5,496
22 years$17,847$14,099$11,031$8,556$6,589$4,843
23 years$16,891$13,187$10,185$7,792$5,915$4,273
24 years$16,015$12,355$9,419$7,107$5,316$3,774
25 years$15,211$11,595$8,724$6,491$4,784$3,337
26 years$14,470$10,897$8,091$5,935$4,309$2,952
27 years$13,785$10,256$7,513$5,432$3,885$2,614
28 years$13,150$9,664$6,985$4,977$3,506$2,316
29 years$12,560$9,117$6,500$4,564$3,165$2,054
30 years$12,010$8,610$6,054$4,189$2,860$1,822
31 years$11,497$8,139$5,644$3,847$2,586$1,616
32 years$11,016$7,701$5,266$3,535$2,339$1,435
33 years$10,566$7,293$4,917$3,251$2,117$1,274
34 years$10,143$6,912$4,594$2,991$1,917$1,132
35 years$9,745$6,556$4,295$2,754$1,736$1,006
36 years$9,371$6,223$4,018$2,536$1,573$894
37 years$9,017$5,910$3,761$2,337$1,426$795
38 years$8,682$5,617$3,522$2,154$1,292$707
39 years$8,366$5,341$3,300$1,986$1,172$628
40 years$8,066$5,082$3,093$1,832$1,063$559
41 years$7,782$4,837$2,900$1,690$964$497
42 years$7,512$4,607$2,720$1,560$875$442
43 years$7,255$4,389$2,553$1,440$794$393
44 years$7,010$4,184$2,396$1,329$721$350
45 years$6,777$3,990$2,250$1,228$654$312
46 years$6,555$3,806$2,113$1,134$594$277
47 years$6,343$3,632$1,985$1,048$540$247
48 years$6,140$3,467$1,866$968$490$220
49 years$5,946$3,311$1,754$895$445$195
50 years$5,760$3,163$1,649$827$404$174

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $5,900,000, adding $6,134 every year, while hoping to spend $22,053 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: 69/26/5 Blend
52$5,900,000$5,900,000$5,900,000$5,900,000
53$6,508,127$6,195,427$6,103,977$6,953,277
54$7,148,492$6,475,539$6,284,996$7,528,476
55$7,853,435$6,768,637$6,471,340$8,154,132
56$8,629,519$7,075,334$6,663,164$8,837,877
57$9,483,978$7,396,274$6,860,628$9,585,394
58$10,424,781$7,732,128$7,063,896$10,402,934
59$11,460,708$8,083,602$7,273,136$11,297,378
60$12,601,437$8,451,435$7,488,523$12,276,291
61$13,857,630$8,836,402$7,710,235$13,348,004
62$15,241,037$9,239,314$7,938,456$14,521,680
63$16,764,603$9,661,021$8,173,375$15,807,405
64$18,442,597$10,102,415$8,415,187$17,216,282
65$20,290,737$10,564,429$8,664,092$18,760,529
66$22,326,349$11,048,042$8,920,295$20,453,595
67$24,568,520$11,554,280$9,184,009$22,310,287
68$27,038,287$12,084,218$9,455,451$24,346,904
69$29,758,829$12,638,981$9,734,846$26,581,391
70$32,755,690$13,219,751$10,022,423$29,033,503
71$36,057,016$13,827,765$10,318,420$31,724,994
72$39,693,825$14,464,319$10,623,080$34,679,814
73$43,700,297$15,130,772$10,936,655$37,924,337
74$48,114,097$15,828,550$11,259,403$41,487,605
75$52,976,730$16,559,144$11,591,588$45,401,598
76$58,333,934$17,324,119$11,933,483$49,701,536
77$64,236,110$18,125,116$12,285,370$54,426,204
78$70,738,800$18,963,854$12,647,537$59,618,320
79$77,903,208$19,842,133$13,020,280$65,324,928
80$85,796,782$20,761,844$13,403,905$71,597,845
81$94,493,844$21,724,965$13,798,727$78,494,142
82$104,076,299$22,733,571$14,205,067$86,076,678
83$114,634,403$23,789,837$14,623,258$94,414,695
84$126,267,616$24,896,044$15,053,642$103,584,459
85$139,085,544$26,054,581$15,496,570$113,669,981
86$153,208,967$27,267,952$15,952,402$124,763,804
87$168,770,985$28,538,785$16,421,511$136,967,868
88$185,918,272$29,869,832$16,904,278$150,394,473
89$204,812,460$31,263,979$17,401,096$165,167,329
90$225,631,668$32,724,250$17,912,369$181,422,718
91$248,572,177$34,253,818$18,438,513$199,310,776
92$273,850,289$35,856,005$18,979,954$218,996,905
93$301,704,367$37,534,298$19,537,131$240,663,322
94$332,397,084$39,292,350$20,110,496$264,510,780
95$366,217,902$41,133,991$20,700,513$290,760,448
96$403,485,808$43,063,236$21,307,660$319,655,998
97$444,552,321$45,084,295$21,932,427$351,465,892
98$489,804,813$47,201,581$22,575,318$386,485,910
99$539,670,166$49,419,721$23,236,854$425,041,934
100$594,618,802$51,743,565$23,917,567$467,493,011