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%17.7%
1 years$264,253$261,899$259,603$257,361$255,172$247,202
2 years$130,818$128,382$126,021$123,731$121,511$113,552
3 years$86,346$83,899$81,544$79,276$77,091$69,393
4 years$64,114$61,675$59,343$57,114$54,982$47,604
5 years$50,778$48,354$46,053$43,869$41,797$34,758
6 years$41,891$39,484$37,217$35,082$33,072$26,380
7 years$35,545$33,159$30,928$28,843$26,897$20,550
8 years$30,788$28,423$26,229$24,196$22,313$16,308
9 years$27,090$24,748$22,591$20,609$18,791$13,120
10 years$24,133$21,814$19,696$17,766$16,011$10,666
11 years$21,716$19,420$17,340$15,461$13,770$8,742
12 years$19,703$17,430$15,388$13,562$11,933$7,210
13 years$18,000$15,752$13,749$11,973$10,406$5,978
14 years$16,543$14,318$12,353$10,628$9,121$4,977
15 years$15,281$13,080$11,153$9,478$8,031$4,157
16 years$14,177$12,000$10,112$8,487$7,098$3,482
17 years$13,205$11,052$9,202$7,625$6,294$2,924
18 years$12,341$10,212$8,400$6,872$5,596$2,459
19 years$11,569$9,465$7,690$6,210$4,988$2,072
20 years$10,876$8,795$7,057$5,624$4,455$1,748
21 years$10,249$8,192$6,491$5,104$3,987$1,476
22 years$9,680$7,647$5,983$4,641$3,574$1,248
23 years$9,161$7,152$5,524$4,226$3,208$1,056
24 years$8,686$6,701$5,109$3,855$2,883$894
25 years$8,250$6,289$4,732$3,520$2,595$757
26 years$7,848$5,910$4,388$3,219$2,337$641
27 years$7,477$5,562$4,075$2,946$2,107$544
28 years$7,132$5,241$3,788$2,699$1,901$461
29 years$6,812$4,945$3,525$2,475$1,717$391
30 years$6,514$4,670$3,284$2,272$1,551$332
31 years$6,235$4,414$3,061$2,087$1,402$282
32 years$5,975$4,177$2,856$1,918$1,269$239
33 years$5,731$3,956$2,667$1,763$1,148$203
34 years$5,501$3,749$2,492$1,622$1,039$172
35 years$5,286$3,556$2,330$1,494$942$146
36 years$5,082$3,375$2,179$1,376$853$124
37 years$4,890$3,206$2,040$1,267$773$106
38 years$4,709$3,046$1,910$1,168$701$90
39 years$4,538$2,897$1,790$1,077$636$76
40 years$4,375$2,756$1,677$993$577$65
41 years$4,221$2,624$1,573$917$523$55
42 years$4,074$2,499$1,475$846$475$47
43 years$3,935$2,381$1,384$781$431$40
44 years$3,802$2,269$1,300$721$391$34
45 years$3,676$2,164$1,220$666$355$29
46 years$3,555$2,064$1,146$615$322$24
47 years$3,440$1,970$1,077$568$293$21
48 years$3,330$1,881$1,012$525$266$18
49 years$3,225$1,796$951$485$241$15
50 years$3,124$1,715$894$449$219$13

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 $2,321 every year, while hoping to spend $40,851 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: 32/43/25 Blend
52$3,200,000$3,200,000$3,200,000$3,200,000
53$3,528,794$3,359,194$3,309,594$3,614,593
54$3,845,266$3,480,329$3,377,000$3,801,098
55$4,192,649$3,606,031$3,445,296$3,998,030
56$4,574,052$3,736,480$3,514,466$4,209,329
57$4,992,902$3,871,864$3,584,498$4,436,285
58$5,452,972$4,012,380$3,655,372$4,680,312
59$5,958,420$4,158,230$3,727,071$4,942,963
60$6,513,824$4,309,629$3,799,573$5,225,944
61$7,124,230$4,466,797$3,872,855$5,531,128
62$7,795,196$4,629,965$3,946,891$5,860,572
63$8,532,846$4,799,373$4,021,652$6,216,538
64$9,343,927$4,975,273$4,097,107$6,601,508
65$10,235,870$5,157,924$4,173,224$7,018,214
66$11,216,867$5,347,600$4,249,964$7,469,657
67$12,295,938$5,544,583$4,327,289$7,959,136
68$13,483,025$5,749,170$4,405,155$8,490,280
69$14,789,082$5,961,667$4,483,516$9,067,077
70$16,226,177$6,182,397$4,562,321$9,693,915
71$17,807,606$6,411,694$4,641,519$10,375,621
72$19,548,021$6,649,906$4,721,049$11,117,505
73$21,463,566$6,897,399$4,800,851$11,925,406
74$23,572,029$7,154,550$4,880,858$12,805,753
75$25,893,009$7,421,756$4,961,000$13,765,616
76$28,448,102$7,699,428$5,041,200$14,812,779
77$31,261,107$7,987,998$5,121,378$15,955,806
78$34,358,243$8,287,914$5,201,448$17,204,125
79$37,768,406$8,599,644$5,281,318$18,568,112
80$41,523,432$8,923,675$5,360,891$20,059,190
81$45,658,405$9,260,517$5,440,064$21,689,932
82$50,211,981$9,610,702$5,518,725$23,474,184
83$55,226,759$9,974,782$5,596,758$25,427,185
84$60,749,680$10,353,338$5,674,041$27,565,720
85$66,832,466$10,746,970$5,750,440$29,908,265
86$73,532,116$11,156,310$5,825,818$32,475,168
87$80,911,436$11,582,014$5,900,027$35,288,837
88$89,039,637$12,024,767$5,972,913$38,373,946
89$97,992,984$12,485,284$6,044,309$41,757,672
90$107,855,519$12,964,314$6,114,044$45,469,941
91$118,719,850$13,462,634$6,181,933$49,543,717
92$130,688,030$13,981,058$6,247,783$54,015,303
93$143,872,516$14,520,436$6,311,390$58,924,688
94$158,397,229$15,081,654$6,372,539$64,315,916
95$174,398,729$15,665,638$6,431,002$70,237,502
96$192,027,500$16,273,354$6,486,540$76,742,887
97$211,449,368$16,905,812$6,538,902$83,890,938
98$232,847,070$17,564,064$6,587,823$91,746,505
99$256,421,980$18,249,211$6,633,023$100,381,021
100$282,396,002$18,962,403$6,674,210$109,873,185