Can I retire at age 53 with 3,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$264,253$261,899$259,603$257,361$255,172$252,613
2 years$130,818$128,382$126,021$123,731$121,511$118,933
3 years$86,346$83,899$81,544$79,276$77,091$74,575
4 years$64,114$61,675$59,343$57,114$54,982$52,547
5 years$50,778$48,354$46,053$43,869$41,797$39,449
6 years$41,891$39,484$37,217$35,082$33,072$30,816
7 years$35,545$33,159$30,928$28,843$26,897$24,732
8 years$30,788$28,423$26,229$24,196$22,313$20,240
9 years$27,090$24,748$22,591$20,609$18,791$16,809
10 years$24,133$21,814$19,696$17,766$16,011$14,119
11 years$21,716$19,420$17,340$15,461$13,770$11,966
12 years$19,703$17,430$15,388$13,562$11,933$10,216
13 years$18,000$15,752$13,749$11,973$10,406$8,773
14 years$16,543$14,318$12,353$10,628$9,121$7,571
15 years$15,281$13,080$11,153$9,478$8,031$6,561
16 years$14,177$12,000$10,112$8,487$7,098$5,705
17 years$13,205$11,052$9,202$7,625$6,294$4,976
18 years$12,341$10,212$8,400$6,872$5,596$4,351
19 years$11,569$9,465$7,690$6,210$4,988$3,812
20 years$10,876$8,795$7,057$5,624$4,455$3,347
21 years$10,249$8,192$6,491$5,104$3,987$2,943
22 years$9,680$7,647$5,983$4,641$3,574$2,591
23 years$9,161$7,152$5,524$4,226$3,208$2,285
24 years$8,686$6,701$5,109$3,855$2,883$2,016
25 years$8,250$6,289$4,732$3,520$2,595$1,781
26 years$7,848$5,910$4,388$3,219$2,337$1,575
27 years$7,477$5,562$4,075$2,946$2,107$1,393
28 years$7,132$5,241$3,788$2,699$1,901$1,234
29 years$6,812$4,945$3,525$2,475$1,717$1,093
30 years$6,514$4,670$3,284$2,272$1,551$969
31 years$6,235$4,414$3,061$2,087$1,402$859
32 years$5,975$4,177$2,856$1,918$1,269$762
33 years$5,731$3,956$2,667$1,763$1,148$676
34 years$5,501$3,749$2,492$1,622$1,039$600
35 years$5,286$3,556$2,330$1,494$942$533
36 years$5,082$3,375$2,179$1,376$853$473
37 years$4,890$3,206$2,040$1,267$773$420
38 years$4,709$3,046$1,910$1,168$701$373
39 years$4,538$2,897$1,790$1,077$636$332
40 years$4,375$2,756$1,677$993$577$295
41 years$4,221$2,624$1,573$917$523$262
42 years$4,074$2,499$1,475$846$475$233
43 years$3,935$2,381$1,384$781$431$207
44 years$3,802$2,269$1,300$721$391$184
45 years$3,676$2,164$1,220$666$355$164
46 years$3,555$2,064$1,146$615$322$145
47 years$3,440$1,970$1,077$568$293$129
48 years$3,330$1,881$1,012$525$266$115
49 years$3,225$1,796$951$485$241$102
50 years$3,124$1,715$894$449$219$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $3,200,000, adding $6,846 every year, while hoping to spend $40,064 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: 79/7/14 Blend
52$3,200,000$3,200,000$3,200,000$3,200,000
53$3,533,462$3,363,862$3,314,262$3,802,084
54$3,851,247$3,486,063$3,382,662$4,102,019
55$4,200,104$3,612,910$3,452,010$4,425,194
56$4,583,159$3,744,587$3,522,297$4,778,635
57$5,003,856$3,881,287$3,593,510$5,165,355
58$5,465,992$4,023,212$3,665,634$5,588,669
59$5,973,745$4,170,571$3,738,655$6,052,229
60$6,531,720$4,323,583$3,812,553$6,560,059
61$7,144,992$4,482,475$3,887,310$7,116,588
62$7,819,150$4,647,484$3,962,903$7,726,698
63$8,560,350$4,818,858$4,039,308$8,395,764
64$9,375,378$4,996,854$4,116,497$9,129,707
65$10,271,707$5,181,741$4,194,440$9,935,050
66$11,257,574$5,373,799$4,273,106$10,818,978
67$12,342,050$5,573,319$4,352,459$11,789,407
68$13,535,134$5,780,606$4,432,461$12,855,057
69$14,847,839$5,995,978$4,513,070$14,025,533
70$16,292,302$6,219,764$4,594,242$15,311,421
71$17,881,895$6,452,310$4,675,927$16,724,379
72$19,631,351$6,693,976$4,758,073$18,277,254
73$21,556,906$6,945,138$4,840,625$19,984,198
74$23,676,446$7,206,185$4,923,522$21,860,805
75$26,009,682$7,477,527$5,006,699$23,924,255
76$28,578,333$7,759,589$5,090,087$26,193,477
77$31,406,330$8,052,816$5,173,611$28,689,327
78$34,520,042$8,357,671$5,257,194$31,434,785
79$37,948,526$8,674,636$5,340,750$34,455,170
80$41,723,800$9,004,218$5,424,189$37,778,380
81$45,881,145$9,346,941$5,507,416$41,435,156
82$50,459,436$9,703,356$5,590,329$45,459,369
83$55,501,513$10,074,035$5,672,820$49,888,339
84$61,054,582$10,459,577$5,754,774$54,763,190
85$67,170,658$10,860,605$5,836,068$60,129,236
86$73,907,063$11,277,772$5,916,573$66,036,407
87$81,326,958$11,711,758$5,996,153$72,539,723
88$89,499,945$12,163,272$6,074,662$79,699,808
89$98,502,723$12,633,056$6,151,947$87,583,467
90$108,419,809$13,121,883$6,227,845$96,264,312
91$119,344,336$13,630,562$6,302,184$105,823,459
92$131,378,935$14,159,936$6,374,784$116,350,292
93$144,636,699$14,710,886$6,445,452$127,943,304
94$159,242,254$15,284,332$6,513,987$140,711,032
95$175,332,933$15,881,233$6,580,175$154,773,075
96$193,060,073$16,502,594$6,643,791$170,261,224
97$212,590,441$17,149,462$6,704,598$187,320,707
98$234,107,811$17,822,930$6,762,348$206,111,560
99$257,814,697$18,524,143$6,816,775$226,810,132
100$283,934,264$19,254,294$6,867,605$249,610,755