Can I retire at age 53 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$280,769$278,268$275,828$273,446$271,121$263,392
2 years$138,994$136,406$133,897$131,465$129,105$121,379
3 years$91,743$89,143$86,640$84,231$81,910$74,428
4 years$68,121$65,529$63,052$60,683$58,419$51,239
5 years$53,952$51,376$48,931$46,611$44,409$37,550
6 years$44,509$41,952$39,543$37,275$35,139$28,608
7 years$37,767$35,231$32,861$30,646$28,578$22,374
8 years$32,712$30,200$27,869$25,708$23,708$17,829
9 years$28,783$26,294$24,003$21,897$19,965$14,405
10 years$25,642$23,177$20,926$18,876$17,012$11,762
11 years$23,073$20,633$18,423$16,428$14,631$9,684
12 years$20,934$18,519$16,350$14,409$12,679$8,024
13 years$19,126$16,736$14,608$12,721$11,056$6,684
14 years$17,577$15,213$13,125$11,292$9,692$5,592
15 years$16,236$13,897$11,850$10,071$8,533$4,694
16 years$15,063$12,750$10,744$9,017$7,542$3,952
17 years$14,030$11,742$9,777$8,102$6,687$3,335
18 years$13,112$10,851$8,925$7,302$5,946$2,820
19 years$12,293$10,056$8,170$6,598$5,300$2,388
20 years$11,556$9,345$7,498$5,975$4,734$2,026
21 years$10,890$8,704$6,897$5,423$4,236$1,720
22 years$10,285$8,125$6,357$4,931$3,797$1,462
23 years$9,734$7,599$5,869$4,491$3,408$1,244
24 years$9,229$7,120$5,428$4,096$3,064$1,059
25 years$8,766$6,682$5,027$3,740$2,757$902
26 years$8,339$6,280$4,663$3,420$2,483$768
27 years$7,944$5,910$4,330$3,130$2,239$655
28 years$7,578$5,569$4,025$2,868$2,020$559
29 years$7,238$5,254$3,746$2,630$1,824$477
30 years$6,921$4,962$3,489$2,414$1,648$407
31 years$6,625$4,690$3,253$2,217$1,490$347
32 years$6,348$4,438$3,035$2,037$1,348$296
33 years$6,089$4,203$2,834$1,874$1,220$253
34 years$5,845$3,983$2,648$1,724$1,104$216
35 years$5,616$3,778$2,475$1,587$1,000$185
36 years$5,400$3,586$2,316$1,461$906$158
37 years$5,196$3,406$2,167$1,347$821$135
38 years$5,003$3,237$2,030$1,241$745$115
39 years$4,821$3,078$1,901$1,144$675$98
40 years$4,648$2,928$1,782$1,056$613$84
41 years$4,484$2,788$1,671$974$556$72
42 years$4,329$2,655$1,568$899$504$61
43 years$4,181$2,529$1,471$830$458$52
44 years$4,040$2,411$1,381$766$415$45
45 years$3,905$2,299$1,297$707$377$38
46 years$3,777$2,193$1,218$654$342$33
47 years$3,655$2,093$1,144$604$311$28
48 years$3,538$1,998$1,075$558$282$24
49 years$3,426$1,908$1,011$516$256$20
50 years$3,320$1,823$950$477$233$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $3,400,000, adding $2,037 every year, while hoping to spend $39,993 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: 76/16/8 Blend
52$3,400,000$3,400,000$3,400,000$3,400,000
53$3,748,901$3,568,701$3,516,001$4,029,268
54$4,088,737$3,701,015$3,591,235$4,346,247
55$4,461,895$3,838,472$3,667,649$4,688,281
56$4,871,733$3,981,282$3,745,240$5,062,035
57$5,321,949$4,129,664$3,824,004$5,470,642
58$5,816,615$4,283,845$3,903,935$5,917,550
59$6,360,220$4,444,063$3,985,027$6,406,560
60$6,957,707$4,610,567$4,067,270$6,941,851
61$7,614,523$4,783,615$4,150,654$7,528,028
62$8,336,670$4,963,477$4,235,166$8,170,162
63$9,130,757$5,150,434$4,320,791$8,873,836
64$10,004,069$5,344,781$4,407,513$9,645,198
65$10,964,632$5,546,822$4,495,312$10,491,019
66$12,021,286$5,756,879$4,584,167$11,418,756
67$13,183,774$5,975,283$4,674,053$12,436,624
68$14,462,831$6,202,383$4,764,945$13,553,667
69$15,870,281$6,438,541$4,856,813$14,779,849
70$17,419,157$6,684,138$4,949,624$16,126,147
71$19,123,817$6,939,566$5,043,342$17,604,647
72$21,000,082$7,205,240$5,137,929$19,228,667
73$23,065,383$7,481,589$5,233,342$21,012,875
74$25,338,928$7,769,063$5,329,535$22,973,430
75$27,841,882$8,068,131$5,426,458$25,128,133
76$30,597,567$8,379,283$5,524,058$27,496,594
77$33,631,680$8,703,028$5,622,275$30,100,416
78$36,972,537$9,039,902$5,721,046$32,963,399
79$40,651,340$9,390,462$5,820,305$36,111,763
80$44,702,470$9,755,288$5,919,979$39,574,395
81$49,163,813$10,134,988$6,019,990$43,383,121
82$54,077,117$10,530,197$6,120,254$47,573,006
83$59,488,383$10,941,577$6,220,683$52,182,680
84$65,448,304$11,369,820$6,321,181$57,254,708
85$72,012,737$11,815,648$6,421,648$62,835,986
86$79,243,238$12,279,816$6,521,974$68,978,184
87$87,207,633$12,763,112$6,622,045$75,738,233
88$95,980,666$13,266,359$6,721,738$83,178,860
89$105,644,701$13,790,418$6,820,924$91,369,180
90$116,290,499$14,336,187$6,919,463$100,385,348
91$128,018,075$14,904,605$7,017,210$110,311,272
92$140,937,641$15,496,652$7,114,008$121,239,411
93$155,170,646$16,113,354$7,209,694$133,271,640
94$170,850,925$16,755,782$7,304,092$146,520,213
95$188,125,958$17,425,054$7,397,018$161,108,820
96$207,158,264$18,122,340$7,488,276$177,173,756
97$228,126,934$18,848,862$7,577,660$194,865,200
98$251,229,323$19,605,897$7,664,953$214,348,638
99$276,682,908$20,394,780$7,749,923$235,806,418
100$304,727,346$21,216,906$7,832,328$259,439,472