Can I retire at age 53 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$545,022$540,167$535,431$530,807$526,293$516,512
2 years$269,813$264,788$259,918$255,196$250,616$240,798
3 years$178,088$173,042$168,184$163,506$159,001$149,453
4 years$132,235$127,204$122,395$117,797$113,401$104,195
5 years$104,731$99,729$94,983$90,480$86,206$77,369
6 years$86,400$81,437$76,761$72,357$68,211$59,754
7 years$73,312$68,390$63,789$59,489$55,474$47,398
8 years$63,500$58,623$54,098$49,904$46,021$38,324
9 years$55,873$51,042$46,594$42,507$38,757$31,434
10 years$49,775$44,991$40,622$36,641$33,022$26,068
11 years$44,789$40,053$35,763$31,889$28,400$21,805
12 years$40,637$35,949$31,739$27,971$24,611$18,367
13 years$37,126$32,488$28,356$24,694$21,461$15,558
14 years$34,119$29,530$25,478$21,921$18,813$13,239
15 years$31,516$26,977$23,004$19,549$16,564$11,310
16 years$29,240$24,750$20,856$17,504$14,640$9,692
17 years$27,235$22,794$18,978$15,728$12,981$8,328
18 years$25,454$21,063$17,325$14,174$11,542$7,172
19 years$23,862$19,521$15,860$12,807$10,287$6,189
20 years$22,431$18,140$14,555$11,599$9,189$5,349
21 years$21,139$16,896$13,388$10,527$8,223$4,630
22 years$19,965$15,772$12,339$9,572$7,371$4,012
23 years$18,895$14,751$11,393$8,717$6,616$3,481
24 years$17,915$13,821$10,537$7,950$5,947$3,022
25 years$17,016$12,970$9,759$7,261$5,351$2,626
26 years$16,187$12,190$9,051$6,639$4,820$2,283
27 years$15,420$11,472$8,405$6,077$4,346$1,986
28 years$14,710$10,810$7,813$5,568$3,921$1,729
29 years$14,050$10,198$7,271$5,106$3,541$1,506
30 years$13,435$9,631$6,773$4,686$3,199$1,312
31 years$12,861$9,105$6,314$4,303$2,893$1,143
32 years$12,323$8,615$5,891$3,955$2,617$996
33 years$11,820$8,158$5,500$3,637$2,368$869
34 years$11,347$7,732$5,139$3,346$2,144$758
35 years$10,902$7,334$4,805$3,080$1,942$661
36 years$10,482$6,961$4,495$2,837$1,759$576
37 years$10,087$6,611$4,207$2,614$1,595$503
38 years$9,713$6,283$3,940$2,409$1,446$439
39 years$9,359$5,975$3,691$2,221$1,311$383
40 years$9,023$5,684$3,460$2,049$1,189$334
41 years$8,705$5,411$3,244$1,890$1,079$292
42 years$8,403$5,153$3,043$1,745$979$255
43 years$8,115$4,910$2,856$1,611$888$222
44 years$7,842$4,680$2,680$1,487$806$194
45 years$7,581$4,463$2,517$1,373$732$170
46 years$7,332$4,258$2,364$1,269$665$148
47 years$7,095$4,063$2,221$1,172$604$129
48 years$6,868$3,879$2,087$1,083$548$113
49 years$6,651$3,704$1,962$1,001$498$99
50 years$6,444$3,538$1,844$925$452$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $6,600,000, adding $3,857 every year, while hoping to spend $37,636 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: 51/25/24 Blend
52$6,600,000$6,600,000$6,600,000$6,600,000
53$7,277,178$6,927,378$6,825,078$7,599,230
54$7,979,406$7,226,776$7,013,674$8,122,375
55$8,752,000$7,539,582$7,207,326$8,686,746
56$9,602,097$7,866,414$7,406,165$9,299,644
57$10,537,562$8,207,920$7,610,322$9,965,690
58$11,567,060$8,564,774$7,819,935$10,689,966
59$12,700,138$8,937,687$8,035,141$11,478,058
60$13,947,318$9,327,399$8,256,084$12,336,109
61$15,320,191$9,734,688$8,482,909$13,270,874
62$16,831,529$10,160,366$8,715,765$14,289,781
63$18,495,407$10,605,286$8,954,806$15,401,003
64$20,327,333$11,070,340$9,200,186$16,613,527
65$22,344,396$11,556,462$9,452,067$17,937,243
66$24,565,425$12,064,629$9,710,612$19,383,030
67$27,011,169$12,595,866$9,975,988$20,962,860
68$29,704,490$13,151,246$10,248,366$22,689,907
69$32,670,584$13,731,892$10,527,922$24,578,667
70$35,937,210$14,338,982$10,814,834$26,645,096
71$39,534,960$14,973,747$11,109,285$28,906,756
72$43,497,544$15,637,478$11,411,464$31,382,978
73$47,862,107$16,331,528$11,721,562$34,095,040
74$52,669,581$17,057,312$12,039,773$37,066,367
75$57,965,072$17,816,314$12,366,300$40,322,749
76$63,798,284$18,610,088$12,701,345$43,892,577
77$70,223,988$19,440,261$13,045,119$47,807,115
78$77,302,539$20,308,538$13,397,835$52,100,782
79$85,100,447$21,216,706$13,759,712$56,811,481
80$93,691,003$22,166,635$14,130,973$61,980,950
81$103,154,971$23,160,286$14,511,846$67,655,150
82$113,581,349$24,199,711$14,902,563$73,884,696
83$125,068,212$25,287,061$15,303,364$80,725,332
84$137,723,634$26,424,592$15,714,491$88,238,450
85$151,666,710$27,614,662$16,136,193$96,491,664
86$167,028,681$28,859,748$16,568,722$105,559,446
87$183,954,170$30,162,439$17,012,338$115,523,821
88$202,602,549$31,525,452$17,467,305$126,475,137
89$223,149,442$32,951,632$17,933,892$138,512,911
90$245,788,383$34,443,960$18,412,375$151,746,765
91$270,732,643$36,005,559$18,903,035$166,297,449
92$298,217,244$37,639,703$19,406,158$182,297,981
93$328,501,175$39,349,821$19,922,037$199,894,889
94$361,869,840$41,139,506$20,450,969$219,249,593
95$398,637,746$43,012,525$20,993,259$240,539,916
96$439,151,480$44,972,822$21,549,218$263,961,758
97$483,792,975$47,024,534$22,119,160$289,730,936
98$532,983,115$49,171,993$22,703,409$318,085,213
99$587,185,712$51,419,741$23,302,293$349,286,533
100$646,911,882$53,772,535$23,916,146$383,623,483