Can I retire at age 53 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$520,248$515,614$511,093$506,680$502,371$492,833
2 years$257,549$252,752$248,103$243,596$239,224$229,652
3 years$169,994$165,176$160,539$156,074$151,774$142,465
4 years$126,225$121,422$116,831$112,443$108,246$99,274
5 years$99,970$95,196$90,666$86,367$82,287$73,676
6 years$82,473$77,735$73,272$69,068$65,111$56,871
7 years$69,980$65,282$60,889$56,785$52,953$45,086
8 years$60,614$55,958$51,639$47,635$43,929$36,433
9 years$53,333$48,722$44,476$40,575$36,995$29,865
10 years$47,512$42,946$38,776$34,976$31,521$24,752
11 years$42,753$38,232$34,137$30,439$27,110$20,691
12 years$38,789$34,315$30,296$26,700$23,493$17,417
13 years$35,438$31,011$27,068$23,572$20,486$14,744
14 years$32,569$28,188$24,320$20,924$17,958$12,538
15 years$30,084$25,750$21,958$18,661$15,812$10,703
16 years$27,911$23,625$19,908$16,709$13,974$9,166
17 years$25,997$21,758$18,116$15,013$12,391$7,870
18 years$24,297$20,106$16,537$13,529$11,017$6,773
19 years$22,777$18,634$15,139$12,225$9,820$5,840
20 years$21,412$17,315$13,894$11,072$8,771$5,044
21 years$20,178$16,128$12,780$10,049$7,849$4,363
22 years$19,057$15,055$11,778$9,136$7,036$3,778
23 years$18,036$14,081$10,875$8,321$6,316$3,274
24 years$17,101$13,193$10,058$7,589$5,677$2,841
25 years$16,242$12,381$9,316$6,931$5,108$2,466
26 years$15,451$11,636$8,640$6,337$4,601$2,143
27 years$14,719$10,951$8,023$5,801$4,148$1,863
28 years$14,041$10,319$7,458$5,315$3,743$1,620
29 years$13,411$9,735$6,940$4,874$3,380$1,410
30 years$12,824$9,193$6,465$4,473$3,054$1,227
31 years$12,276$8,691$6,027$4,108$2,761$1,068
32 years$11,763$8,223$5,623$3,775$2,498$931
33 years$11,282$7,788$5,250$3,472$2,260$811
34 years$10,831$7,381$4,906$3,194$2,047$706
35 years$10,406$7,001$4,586$2,940$1,854$616
36 years$10,006$6,645$4,291$2,708$1,679$537
37 years$9,628$6,311$4,016$2,495$1,522$468
38 years$9,271$5,998$3,761$2,300$1,380$408
39 years$8,933$5,703$3,523$2,121$1,251$356
40 years$8,613$5,426$3,302$1,956$1,135$310
41 years$8,309$5,165$3,097$1,805$1,030$270
42 years$8,021$4,919$2,905$1,665$934$236
43 years$7,746$4,687$2,726$1,537$848$206
44 years$7,485$4,468$2,559$1,419$770$179
45 years$7,236$4,260$2,402$1,311$699$157
46 years$6,999$4,064$2,256$1,211$634$137
47 years$6,773$3,878$2,120$1,119$576$119
48 years$6,556$3,702$1,992$1,034$523$104
49 years$6,349$3,536$1,872$955$475$91
50 years$6,151$3,377$1,760$883$432$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $6,300,000, adding $5,993 every year, while hoping to spend $23,828 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: 53/38/9 Blend
52$6,300,000$6,300,000$6,300,000$6,300,000
53$6,948,782$6,614,882$6,517,232$7,301,062
54$7,632,205$6,913,658$6,710,206$7,839,657
55$8,384,538$7,226,276$6,908,847$8,422,217
56$9,212,786$7,553,388$7,113,318$9,055,439
57$10,124,665$7,895,679$7,323,789$9,744,116
58$11,128,680$8,253,866$7,540,435$10,493,519
59$12,234,199$8,628,700$7,763,434$11,309,436
60$13,451,550$9,020,969$7,992,971$12,198,228
61$14,792,108$9,431,496$8,229,235$13,166,888
62$16,268,410$9,861,147$8,472,422$14,223,100
63$17,894,273$10,310,828$8,722,733$15,375,313
64$19,684,917$10,781,487$8,980,373$16,632,815
65$21,657,118$11,274,119$9,245,555$18,005,820
66$23,829,360$11,789,767$9,518,497$19,505,560
67$26,222,012$12,329,523$9,799,424$21,144,388
68$28,857,520$12,894,532$10,088,567$22,935,892
69$31,760,616$13,485,993$10,386,164$24,895,017
70$34,958,557$14,105,165$10,692,458$27,038,207
71$38,481,376$14,753,364$11,007,701$29,383,551
72$42,362,169$15,431,972$11,332,152$31,950,955
73$46,637,408$16,142,436$11,666,077$34,762,322
74$51,347,281$16,886,273$12,009,748$37,841,754
75$56,536,077$17,665,073$12,363,447$41,215,779
76$62,252,597$18,480,503$12,727,464$44,913,592
77$68,550,623$19,334,308$13,102,095$48,967,327
78$75,489,418$20,228,320$13,487,646$53,412,356
79$83,134,289$21,164,458$13,884,432$58,287,616
80$91,557,202$22,144,733$14,292,777$63,635,974
81$100,837,464$23,171,252$14,713,012$69,504,618
82$111,062,467$24,246,225$15,145,480$75,945,505
83$122,328,518$25,371,969$15,590,533$83,015,840
84$134,741,743$26,550,912$16,048,532$90,778,607
85$148,419,092$27,785,598$16,519,849$99,303,163
86$163,489,442$29,078,694$17,004,866$108,665,877
87$180,094,812$30,432,998$17,503,977$118,950,851
88$198,391,709$31,851,440$18,017,585$130,250,697
89$218,552,596$33,337,094$18,546,107$142,667,410
90$240,767,529$34,893,180$19,089,970$156,313,317
91$265,245,946$36,523,075$19,649,613$171,312,130
92$292,218,646$38,230,319$20,225,489$187,800,102
93$321,939,966$40,018,623$20,818,061$205,927,305
94$354,690,184$41,891,876$21,427,807$225,859,031
95$390,778,163$43,854,158$22,055,219$247,777,349
96$430,544,267$45,909,744$22,700,800$271,882,802
97$474,363,576$48,063,115$23,365,071$298,396,294
98$522,649,424$50,318,971$24,048,564$327,561,160
99$575,857,303$52,682,238$24,751,828$359,645,450
100$634,489,161$55,158,081$25,475,428$394,944,443