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

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 $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%19%
1 years$264,253$261,899$259,603$257,361$255,172$245,923
2 years$130,818$128,382$126,021$123,731$121,511$112,294
3 years$86,346$83,899$81,544$79,276$77,091$68,196
4 years$64,114$61,675$59,343$57,114$54,982$46,477
5 years$50,778$48,354$46,053$43,869$41,797$33,704
6 years$41,891$39,484$37,217$35,082$33,072$25,398
7 years$35,545$33,159$30,928$28,843$26,897$19,638
8 years$30,788$28,423$26,229$24,196$22,313$15,465
9 years$27,090$24,748$22,591$20,609$18,791$12,343
10 years$24,133$21,814$19,696$17,766$16,011$9,953
11 years$21,716$19,420$17,340$15,461$13,770$8,089
12 years$19,703$17,430$15,388$13,562$11,933$6,614
13 years$18,000$15,752$13,749$11,973$10,406$5,435
14 years$16,543$14,318$12,353$10,628$9,121$4,484
15 years$15,281$13,080$11,153$9,478$8,031$3,711
16 years$14,177$12,000$10,112$8,487$7,098$3,080
17 years$13,205$11,052$9,202$7,625$6,294$2,561
18 years$12,341$10,212$8,400$6,872$5,596$2,134
19 years$11,569$9,465$7,690$6,210$4,988$1,780
20 years$10,876$8,795$7,057$5,624$4,455$1,487
21 years$10,249$8,192$6,491$5,104$3,987$1,243
22 years$9,680$7,647$5,983$4,641$3,574$1,040
23 years$9,161$7,152$5,524$4,226$3,208$871
24 years$8,686$6,701$5,109$3,855$2,883$730
25 years$8,250$6,289$4,732$3,520$2,595$612
26 years$7,848$5,910$4,388$3,219$2,337$513
27 years$7,477$5,562$4,075$2,946$2,107$430
28 years$7,132$5,241$3,788$2,699$1,901$361
29 years$6,812$4,945$3,525$2,475$1,717$303
30 years$6,514$4,670$3,284$2,272$1,551$254
31 years$6,235$4,414$3,061$2,087$1,402$214
32 years$5,975$4,177$2,856$1,918$1,269$179
33 years$5,731$3,956$2,667$1,763$1,148$151
34 years$5,501$3,749$2,492$1,622$1,039$127
35 years$5,286$3,556$2,330$1,494$942$106
36 years$5,082$3,375$2,179$1,376$853$89
37 years$4,890$3,206$2,040$1,267$773$75
38 years$4,709$3,046$1,910$1,168$701$63
39 years$4,538$2,897$1,790$1,077$636$53
40 years$4,375$2,756$1,677$993$577$44
41 years$4,221$2,624$1,573$917$523$37
42 years$4,074$2,499$1,475$846$475$31
43 years$3,935$2,381$1,384$781$431$26
44 years$3,802$2,269$1,300$721$391$22
45 years$3,676$2,164$1,220$666$355$19
46 years$3,555$2,064$1,146$615$322$16
47 years$3,440$1,970$1,077$568$293$13
48 years$3,330$1,881$1,012$525$266$11
49 years$3,225$1,796$951$485$241$9
50 years$3,124$1,715$894$449$219$8

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 $2,391 every year, while hoping to spend $51,175 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: 74/21/5 Blend
52$3,200,000$3,200,000$3,200,000$3,200,000
53$3,528,866$3,359,266$3,309,666$3,788,544
54$3,834,361$3,469,421$3,366,090$4,069,827
55$4,169,301$3,583,257$3,422,689$4,371,116
56$4,536,635$3,700,903$3,479,415$4,699,672
57$4,939,613$3,822,488$3,536,217$5,058,171
58$5,381,812$3,948,148$3,593,038$5,449,558
59$5,867,174$4,078,024$3,649,822$5,877,075
60$6,400,039$4,212,261$3,706,505$6,344,292
61$6,985,191$4,351,010$3,763,021$6,855,138
62$7,627,897$4,494,426$3,819,299$7,413,940
63$8,333,962$4,642,672$3,875,264$8,025,462
64$9,109,777$4,795,914$3,930,837$8,694,952
65$9,962,387$4,954,327$3,985,932$9,428,186
66$10,899,550$5,118,089$4,040,461$10,231,528
67$11,929,816$5,287,387$4,094,328$11,111,985
68$13,062,602$5,462,413$4,147,433$12,077,274
69$14,308,284$5,643,368$4,199,668$13,135,897
70$15,678,295$5,830,459$4,250,923$14,297,215
71$17,185,230$6,023,900$4,301,078$15,571,541
72$18,842,966$6,223,914$4,350,006$16,970,235
73$20,666,793$6,430,731$4,397,577$18,505,810
74$22,673,559$6,644,590$4,443,649$20,192,050
75$24,881,827$6,865,739$4,488,075$22,044,139
76$27,312,047$7,094,434$4,530,700$24,078,805
77$29,986,757$7,330,942$4,571,359$26,314,476
78$32,930,787$7,575,539$4,609,880$28,771,452
79$36,171,497$7,828,511$4,646,081$31,472,100
80$39,739,036$8,090,154$4,679,771$34,441,060
81$43,666,622$8,360,775$4,710,748$37,705,480
82$47,990,859$8,640,695$4,738,800$41,295,269
83$52,752,081$8,930,244$4,763,704$45,243,379
84$57,994,731$9,229,764$4,785,226$49,586,118
85$63,767,783$9,539,612$4,803,121$54,363,487
86$70,125,201$9,860,156$4,817,129$59,619,563
87$77,126,447$10,191,780$4,826,979$65,402,907
88$84,837,048$10,534,880$4,832,385$71,767,026
89$93,329,207$10,889,869$4,833,050$78,770,877
90$102,682,487$11,257,174$4,828,659$86,479,421
91$112,984,564$11,637,239$4,818,882$94,964,235
92$124,332,049$12,030,523$4,803,374$104,304,190
93$136,831,404$12,437,504$4,781,773$114,586,189
94$150,599,944$12,858,679$4,753,699$125,905,991
95$165,766,945$13,294,561$4,718,754$138,369,110
96$182,474,862$13,745,683$4,676,522$152,091,813
97$200,880,678$14,212,601$4,626,565$167,202,215
98$221,157,378$14,695,890$4,568,426$183,841,487
99$243,495,588$15,196,146$4,501,626$202,165,187
100$268,105,370$15,713,990$4,425,662$222,344,728