Can I retire at age 53 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$272,511$270,084$267,715$265,404$263,147$253,709
2 years$134,906$132,394$129,959$127,598$125,308$115,902
3 years$89,044$86,521$84,092$81,753$79,500$70,422
4 years$66,118$63,602$61,197$58,899$56,700$48,018
5 years$52,365$49,865$47,492$45,240$43,103$34,839
6 years$43,200$40,718$38,380$36,179$34,106$26,268
7 years$36,656$34,195$31,894$29,744$27,737$20,323
8 years$31,750$29,312$27,049$24,952$23,011$16,013
9 years$27,937$25,521$23,297$21,253$19,378$12,789
10 years$24,887$22,496$20,311$18,321$16,511$10,319
11 years$22,394$20,026$17,881$15,944$14,200$8,391
12 years$20,318$17,975$15,869$13,985$12,306$6,867
13 years$18,563$16,244$14,178$12,347$10,731$5,647
14 years$17,060$14,765$12,739$10,960$9,406$4,662
15 years$15,758$13,488$11,502$9,775$8,282$3,861
16 years$14,620$12,375$10,428$8,752$7,320$3,206
17 years$13,617$11,397$9,489$7,864$6,490$2,668
18 years$12,727$10,531$8,662$7,087$5,771$2,224
19 years$11,931$9,760$7,930$6,404$5,144$1,857
20 years$11,216$9,070$7,278$5,800$4,594$1,552
21 years$10,569$8,448$6,694$5,264$4,112$1,299
22 years$9,982$7,886$6,170$4,786$3,685$1,088
23 years$9,447$7,376$5,697$4,359$3,308$912
24 years$8,958$6,911$5,268$3,975$2,973$764
25 years$8,508$6,485$4,880$3,630$2,676$641
26 years$8,093$6,095$4,526$3,319$2,410$538
27 years$7,710$5,736$4,202$3,038$2,173$452
28 years$7,355$5,405$3,907$2,784$1,961$379
29 years$7,025$5,099$3,635$2,553$1,770$319
30 years$6,717$4,816$3,386$2,343$1,600$268
31 years$6,430$4,552$3,157$2,152$1,446$225
32 years$6,162$4,307$2,945$1,977$1,308$189
33 years$5,910$4,079$2,750$1,818$1,184$159
34 years$5,673$3,866$2,570$1,673$1,072$134
35 years$5,451$3,667$2,402$1,540$971$112
36 years$5,241$3,481$2,247$1,418$880$94
37 years$5,043$3,306$2,104$1,307$797$79
38 years$4,856$3,142$1,970$1,205$723$67
39 years$4,679$2,987$1,846$1,111$655$56
40 years$4,512$2,842$1,730$1,025$595$47
41 years$4,353$2,706$1,622$945$539$40
42 years$4,201$2,577$1,522$872$489$33
43 years$4,058$2,455$1,428$805$444$28
44 years$3,921$2,340$1,340$744$403$24
45 years$3,791$2,232$1,258$687$366$20
46 years$3,666$2,129$1,182$634$332$17
47 years$3,548$2,032$1,110$586$302$14
48 years$3,434$1,939$1,043$541$274$12
49 years$3,326$1,852$981$500$249$10
50 years$3,222$1,769$922$463$226$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $3,300,000, adding $2,030 every year, while hoping to spend $31,422 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: 36/42/22 Blend
52$3,300,000$3,300,000$3,300,000$3,300,000
53$3,638,694$3,463,794$3,412,644$3,745,418
54$3,976,408$3,600,087$3,493,535$3,960,134
55$4,347,516$3,742,005$3,576,082$4,188,723
56$4,755,390$3,889,792$3,660,309$4,434,868
57$5,203,747$4,043,699$3,746,236$4,700,158
58$5,696,681$4,203,991$3,833,887$4,986,340
59$6,238,701$4,370,946$3,923,281$5,295,330
60$6,834,778$4,544,852$4,014,441$5,629,232
61$7,490,387$4,726,011$4,107,385$5,990,354
62$8,211,559$4,914,737$4,202,135$6,381,235
63$9,004,940$5,111,362$4,298,709$6,804,660
64$9,877,855$5,316,230$4,397,127$7,263,690
65$10,838,370$5,529,699$4,497,405$7,761,689
66$11,895,377$5,752,148$4,599,561$8,302,355
67$13,058,671$5,983,968$4,703,612$8,889,749
68$14,339,045$6,225,572$4,809,572$9,528,338
69$15,748,391$6,477,388$4,917,456$10,223,034
70$17,299,813$6,739,866$5,027,277$10,979,235
71$19,007,750$7,013,476$5,139,047$11,802,880
72$20,888,113$7,298,709$5,252,778$12,700,500
73$22,958,433$7,596,078$5,368,478$13,679,278
74$25,238,026$7,906,119$5,486,155$14,747,115
75$27,748,180$8,229,394$5,605,816$15,912,706
76$30,512,349$8,566,490$5,727,466$17,185,615
77$33,556,381$8,918,019$5,851,108$18,576,367
78$36,908,754$9,284,625$5,976,743$20,096,544
79$40,600,853$9,666,977$6,104,369$21,758,892
80$44,667,259$10,065,778$6,233,985$23,577,439
81$49,146,079$10,481,761$6,365,583$25,567,624
82$54,079,306$10,915,694$6,499,157$27,746,445
83$59,513,213$11,368,381$6,634,696$30,132,609
84$65,498,789$11,840,660$6,772,187$32,746,712
85$72,092,224$12,333,411$6,911,614$35,611,430
86$79,355,435$12,847,552$7,052,957$38,751,726
87$87,356,652$13,384,044$7,196,194$42,195,088
88$96,171,062$13,943,895$7,341,298$45,971,782
89$105,881,520$14,528,155$7,488,241$50,115,134
90$116,579,325$15,137,925$7,636,988$54,661,842
91$128,365,091$15,774,358$7,787,501$59,652,321
92$141,349,687$16,438,658$7,939,739$65,131,076
93$155,655,289$17,132,087$8,093,655$71,147,123
94$171,416,533$17,855,963$8,249,197$77,754,443
95$188,781,783$18,611,668$8,406,308$85,012,491
96$207,914,532$19,400,647$8,564,926$92,986,751
97$228,994,947$20,224,412$8,724,984$101,749,351
98$252,221,568$21,084,544$8,886,408$111,379,734
99$277,813,182$21,982,701$9,049,116$121,965,411
100$306,010,889$22,920,616$9,213,024$133,602,775