Can I retire at age 53 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$495,474$491,061$486,755$482,552$478,448$461,840
2 years$245,284$240,716$236,289$231,996$227,833$211,272
3 years$161,899$157,311$152,895$148,642$144,546$128,553
4 years$120,214$115,640$111,268$107,088$103,092$87,789
5 years$95,210$90,663$86,349$82,254$78,369$63,796
6 years$78,545$74,033$69,782$65,779$62,010$48,179
7 years$66,647$62,173$57,990$54,081$50,431$37,339
8 years$57,728$53,294$49,180$45,367$41,837$29,474
9 years$50,794$46,402$42,359$38,643$35,233$23,583
10 years$45,250$40,901$36,929$33,310$30,020$19,063
11 years$40,717$36,412$32,512$28,990$25,819$15,533
12 years$36,942$32,681$28,853$25,428$22,374$12,736
13 years$33,751$29,534$25,779$22,449$19,510$10,494
14 years$31,018$26,846$23,162$19,928$17,103$8,682
15 years$28,651$24,524$20,912$17,772$15,059$7,206
16 years$26,582$22,500$18,960$15,913$13,309$5,997
17 years$24,759$20,722$17,253$14,298$11,801$5,002
18 years$23,140$19,148$15,750$12,885$10,492$4,179
19 years$21,693$17,746$14,418$11,643$9,352$3,497
20 years$20,392$16,491$13,232$10,545$8,354$2,930
21 years$19,217$15,360$12,171$9,570$7,475$2,457
22 years$18,150$14,338$11,218$8,701$6,701$2,063
23 years$17,177$13,410$10,357$7,925$6,015$1,733
24 years$16,287$12,565$9,579$7,228$5,406$1,456
25 years$15,469$11,791$8,872$6,601$4,865$1,225
26 years$14,715$11,082$8,228$6,035$4,382$1,030
27 years$14,018$10,429$7,641$5,524$3,951$867
28 years$13,373$9,828$7,103$5,061$3,565$730
29 years$12,773$9,271$6,610$4,641$3,219$615
30 years$12,213$8,756$6,157$4,260$2,909$518
31 years$11,691$8,277$5,740$3,912$2,630$436
32 years$11,203$7,832$5,355$3,595$2,379$367
33 years$10,745$7,417$5,000$3,306$2,153$310
34 years$10,315$7,029$4,672$3,042$1,949$261
35 years$9,911$6,667$4,368$2,800$1,765$220
36 years$9,529$6,328$4,086$2,579$1,599$185
37 years$9,170$6,010$3,825$2,376$1,450$156
38 years$8,830$5,712$3,582$2,190$1,314$132
39 years$8,508$5,432$3,356$2,020$1,192$111
40 years$8,203$5,168$3,145$1,863$1,081$94
41 years$7,914$4,919$2,949$1,719$981$79
42 years$7,639$4,685$2,766$1,586$890$66
43 years$7,378$4,464$2,596$1,464$808$56
44 years$7,129$4,255$2,437$1,352$733$47
45 years$6,892$4,057$2,288$1,248$666$40
46 years$6,666$3,871$2,149$1,153$604$34
47 years$6,450$3,694$2,019$1,065$549$28
48 years$6,244$3,526$1,897$985$498$24
49 years$6,047$3,367$1,783$910$453$20
50 years$5,858$3,217$1,677$841$411$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $6,000,000, adding $6,350 every year, while hoping to spend $46,397 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: 54/18/28 Blend
52$6,000,000$6,000,000$6,000,000$6,000,000
53$6,618,550$6,300,550$6,207,550$6,924,097
54$7,244,276$6,559,911$6,366,137$7,395,416
55$7,932,271$6,830,425$6,528,481$7,903,000
56$8,688,838$7,112,591$6,694,660$8,454,703
57$9,520,920$7,406,929$6,864,752$9,054,777
58$10,436,167$7,713,982$7,038,835$9,707,902
59$11,443,009$8,034,320$7,216,989$10,419,223
60$12,550,734$8,368,539$7,399,296$11,194,404
61$13,769,573$8,717,262$7,585,836$12,039,675
62$15,110,802$9,081,140$7,776,694$12,961,893
63$16,586,843$9,460,855$7,971,953$13,968,603
64$18,211,384$9,857,121$8,171,697$15,068,111
65$19,999,509$10,270,683$8,376,012$16,269,557
66$21,967,835$10,702,322$8,584,984$17,583,003
67$24,134,673$11,152,856$8,798,701$19,019,526
68$26,520,203$11,623,138$9,017,250$20,591,319
69$29,146,655$12,114,064$9,240,720$22,311,809
70$32,038,530$12,626,569$9,469,200$24,195,776
71$35,222,822$13,161,633$9,702,780$26,259,496
72$38,729,276$13,720,280$9,941,550$28,520,889
73$42,590,672$14,303,583$10,185,601$30,999,690
74$46,843,127$14,912,665$10,435,025$33,717,632
75$51,526,441$15,548,700$10,689,913$36,698,645
76$56,684,470$16,212,919$10,950,357$39,969,089
77$62,365,541$16,906,607$11,216,450$43,557,991
78$68,622,909$17,631,113$11,488,283$47,497,322
79$75,515,254$18,387,847$11,765,950$51,822,296
80$83,107,243$19,178,283$12,049,541$56,571,700
81$91,470,131$20,003,969$12,339,150$61,788,256
82$100,682,441$20,866,520$12,634,868$67,519,022
83$110,830,701$21,767,630$12,936,788$73,815,837
84$122,010,261$22,709,073$13,244,998$80,735,803
85$134,326,193$23,692,703$13,559,592$88,341,823
86$147,894,283$24,720,464$13,880,656$96,703,192
87$162,842,123$25,794,390$14,208,282$105,896,247
88$179,310,316$26,916,611$14,542,555$116,005,086
89$197,453,800$28,089,357$14,883,563$127,122,357
90$217,443,316$29,314,964$15,231,390$139,350,128
91$239,467,013$30,595,876$15,586,121$152,800,852
92$263,732,228$31,934,653$15,947,835$167,598,416
93$290,467,442$33,333,978$16,316,614$183,879,315
94$319,924,435$34,796,657$16,692,535$201,793,931
95$352,380,665$36,325,631$17,075,672$221,507,952
96$388,141,884$37,923,978$17,466,099$243,203,926
97$427,545,027$39,594,924$17,863,884$267,082,987
98$470,961,390$41,341,845$18,269,094$293,366,742
99$518,800,135$43,168,279$18,681,792$322,299,362
100$571,512,154$45,077,929$19,102,037$354,149,880