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

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$272,511$270,084$267,715$265,404$263,147$260,290
2 years$134,906$132,394$129,959$127,598$125,308$122,432
3 years$89,044$86,521$84,092$81,753$79,500$76,694
4 years$66,118$63,602$61,197$58,899$56,700$53,985
5 years$52,365$49,865$47,492$45,240$43,103$40,487
6 years$43,200$40,718$38,380$36,179$34,106$31,592
7 years$36,656$34,195$31,894$29,744$27,737$25,327
8 years$31,750$29,312$27,049$24,952$23,011$20,704
9 years$27,937$25,521$23,297$21,253$19,378$17,174
10 years$24,887$22,496$20,311$18,321$16,511$14,408
11 years$22,394$20,026$17,881$15,944$14,200$12,196
12 years$20,318$17,975$15,869$13,985$12,306$10,399
13 years$18,563$16,244$14,178$12,347$10,731$8,919
14 years$17,060$14,765$12,739$10,960$9,406$7,687
15 years$15,758$13,488$11,502$9,775$8,282$6,652
16 years$14,620$12,375$10,428$8,752$7,320$5,777
17 years$13,617$11,397$9,489$7,864$6,490$5,031
18 years$12,727$10,531$8,662$7,087$5,771$4,393
19 years$11,931$9,760$7,930$6,404$5,144$3,843
20 years$11,216$9,070$7,278$5,800$4,594$3,369
21 years$10,569$8,448$6,694$5,264$4,112$2,958
22 years$9,982$7,886$6,170$4,786$3,685$2,601
23 years$9,447$7,376$5,697$4,359$3,308$2,290
24 years$8,958$6,911$5,268$3,975$2,973$2,018
25 years$8,508$6,485$4,880$3,630$2,676$1,780
26 years$8,093$6,095$4,526$3,319$2,410$1,571
27 years$7,710$5,736$4,202$3,038$2,173$1,388
28 years$7,355$5,405$3,907$2,784$1,961$1,227
29 years$7,025$5,099$3,635$2,553$1,770$1,085
30 years$6,717$4,816$3,386$2,343$1,600$960
31 years$6,430$4,552$3,157$2,152$1,446$850
32 years$6,162$4,307$2,945$1,977$1,308$752
33 years$5,910$4,079$2,750$1,818$1,184$666
34 years$5,673$3,866$2,570$1,673$1,072$591
35 years$5,451$3,667$2,402$1,540$971$523
36 years$5,241$3,481$2,247$1,418$880$464
37 years$5,043$3,306$2,104$1,307$797$411
38 years$4,856$3,142$1,970$1,205$723$365
39 years$4,679$2,987$1,846$1,111$655$324
40 years$4,512$2,842$1,730$1,025$595$287
41 years$4,353$2,706$1,622$945$539$255
42 years$4,201$2,577$1,522$872$489$226
43 years$4,058$2,455$1,428$805$444$201
44 years$3,921$2,340$1,340$744$403$178
45 years$3,791$2,232$1,258$687$366$158
46 years$3,666$2,129$1,182$634$332$140
47 years$3,548$2,032$1,110$586$302$125
48 years$3,434$1,939$1,043$541$274$111
49 years$3,326$1,852$981$500$249$98
50 years$3,222$1,769$922$463$226$87

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 $5,231 every year, while hoping to spend $42,099 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: 52/39/9 Blend
52$3,300,000$3,300,000$3,300,000$3,300,000
53$3,641,996$3,467,096$3,415,946$3,822,761
54$3,968,686$3,592,190$3,485,587$4,071,396
55$4,327,288$3,722,004$3,556,150$4,336,667
56$4,721,012$3,856,723$3,627,622$4,624,158
57$5,153,395$3,996,541$3,699,986$4,935,976
58$5,628,332$4,141,663$3,773,227$5,274,433
59$6,150,115$4,292,297$3,847,323$5,642,074
60$6,723,473$4,448,666$3,922,254$6,041,696
61$7,353,613$4,610,997$3,997,996$6,476,376
62$8,046,275$4,779,529$4,074,522$6,949,497
63$8,807,780$4,954,510$4,151,803$7,464,781
64$9,645,093$5,136,201$4,229,808$8,026,322
65$10,565,888$5,324,870$4,308,502$8,638,625
66$11,578,619$5,520,799$4,387,848$9,306,647
67$12,692,602$5,724,282$4,467,804$10,035,841
68$13,918,099$5,935,624$4,548,328$10,832,211
69$15,266,419$6,155,144$4,629,371$11,702,362
70$16,750,021$6,383,173$4,710,882$12,653,565
71$18,382,633$6,620,058$4,792,806$13,693,823
72$20,179,380$6,866,160$4,875,084$14,831,946
73$22,156,930$7,121,854$4,957,652$16,077,634
74$24,333,646$7,387,535$5,040,443$17,441,564
75$26,729,764$7,663,610$5,123,384$18,935,493
76$29,367,580$7,950,507$5,206,397$20,572,364
77$32,271,661$8,248,670$5,289,399$22,366,430
78$35,469,079$8,558,563$5,372,303$24,333,387
79$38,989,664$8,880,671$5,455,014$26,490,517
80$42,866,284$9,215,499$5,537,431$28,856,853
81$47,135,160$9,563,573$5,619,450$31,453,357
82$51,836,201$9,925,443$5,700,956$34,303,112
83$57,013,386$10,301,681$5,781,830$37,431,545
84$62,715,175$10,692,888$5,861,945$40,866,657
85$68,994,969$11,099,685$5,941,167$44,639,293
86$75,911,611$11,522,726$6,019,352$48,783,425
87$83,529,945$11,962,689$6,096,349$53,336,476
88$91,921,422$12,420,283$6,172,000$58,339,667
89$101,164,780$12,896,250$6,246,134$63,838,403
90$111,346,782$13,391,361$6,318,574$69,882,705
91$122,563,039$13,906,423$6,389,132$76,527,673
92$134,918,909$14,442,278$6,457,608$83,834,008
93$148,530,493$14,999,804$6,523,793$91,868,580
94$163,525,729$15,579,921$6,587,466$100,705,060
95$180,045,601$16,183,584$6,648,393$110,424,605
96$198,245,467$16,811,794$6,706,329$121,116,631
97$218,296,529$17,465,596$6,761,016$132,879,645
98$240,387,445$18,146,080$6,812,180$145,822,178
99$264,726,111$18,854,385$6,859,535$160,063,802
100$291,541,625$19,591,700$6,902,779$175,736,257