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%19.2%
1 years$280,769$278,268$275,828$273,446$271,121$261,086
2 years$138,994$136,406$133,897$131,465$129,105$119,109
3 years$91,743$89,143$86,640$84,231$81,910$72,266
4 years$68,121$65,529$63,052$60,683$58,419$49,201
5 years$53,952$51,376$48,931$46,611$44,409$35,641
6 years$44,509$41,952$39,543$37,275$35,139$26,828
7 years$37,767$35,231$32,861$30,646$28,578$20,720
8 years$32,712$30,200$27,869$25,708$23,708$16,298
9 years$28,783$26,294$24,003$21,897$19,965$12,992
10 years$25,642$23,177$20,926$18,876$17,012$10,463
11 years$23,073$20,633$18,423$16,428$14,631$8,492
12 years$20,934$18,519$16,350$14,409$12,679$6,935
13 years$19,126$16,736$14,608$12,721$11,056$5,691
14 years$17,577$15,213$13,125$11,292$9,692$4,689
15 years$16,236$13,897$11,850$10,071$8,533$3,875
16 years$15,063$12,750$10,744$9,017$7,542$3,211
17 years$14,030$11,742$9,777$8,102$6,687$2,666
18 years$13,112$10,851$8,925$7,302$5,946$2,218
19 years$12,293$10,056$8,170$6,598$5,300$1,847
20 years$11,556$9,345$7,498$5,975$4,734$1,541
21 years$10,890$8,704$6,897$5,423$4,236$1,286
22 years$10,285$8,125$6,357$4,931$3,797$1,075
23 years$9,734$7,599$5,869$4,491$3,408$898
24 years$9,229$7,120$5,428$4,096$3,064$751
25 years$8,766$6,682$5,027$3,740$2,757$629
26 years$8,339$6,280$4,663$3,420$2,483$527
27 years$7,944$5,910$4,330$3,130$2,239$441
28 years$7,578$5,569$4,025$2,868$2,020$369
29 years$7,238$5,254$3,746$2,630$1,824$310
30 years$6,921$4,962$3,489$2,414$1,648$259
31 years$6,625$4,690$3,253$2,217$1,490$217
32 years$6,348$4,438$3,035$2,037$1,348$182
33 years$6,089$4,203$2,834$1,874$1,220$153
34 years$5,845$3,983$2,648$1,724$1,104$128
35 years$5,616$3,778$2,475$1,587$1,000$107
36 years$5,400$3,586$2,316$1,461$906$90
37 years$5,196$3,406$2,167$1,347$821$76
38 years$5,003$3,237$2,030$1,241$745$63
39 years$4,821$3,078$1,901$1,144$675$53
40 years$4,648$2,928$1,782$1,056$613$45
41 years$4,484$2,788$1,671$974$556$37
42 years$4,329$2,655$1,568$899$504$31
43 years$4,181$2,529$1,471$830$458$26
44 years$4,040$2,411$1,381$766$415$22
45 years$3,905$2,299$1,297$707$377$19
46 years$3,777$2,193$1,218$654$342$16
47 years$3,655$2,093$1,144$604$311$13
48 years$3,538$1,998$1,075$558$282$11
49 years$3,426$1,908$1,011$516$256$9
50 years$3,320$1,823$950$477$233$8

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 $3,574 every year, while hoping to spend $27,063 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: 34/36/30 Blend
52$3,400,000$3,400,000$3,400,000$3,400,000
53$3,750,487$3,570,287$3,517,587$3,843,913
54$4,104,241$3,716,436$3,606,631$4,061,284
55$4,493,172$3,868,839$3,697,751$4,292,870
56$4,920,838$4,027,775$3,790,988$4,542,095
57$5,391,161$4,193,533$3,886,384$4,810,551
58$5,908,462$4,366,418$3,983,980$5,099,983
59$6,477,500$4,546,748$4,083,818$5,412,309
60$7,103,521$4,734,855$4,185,942$5,749,632
61$7,792,303$4,931,086$4,290,395$6,114,264
62$8,550,215$5,135,806$4,397,219$6,508,740
63$9,384,271$5,349,394$4,506,460$6,935,846
64$10,302,201$5,572,249$4,618,161$7,398,643
65$11,312,524$5,804,788$4,732,368$7,900,493
66$12,424,623$6,047,444$4,849,124$8,445,091
67$13,648,841$6,300,675$4,968,476$9,036,499
68$14,996,572$6,564,957$5,090,469$9,679,178
69$16,480,370$6,840,789$5,215,148$10,378,037
70$18,114,072$7,128,692$5,342,560$11,138,470
71$19,912,922$7,429,212$5,472,750$11,966,410
72$21,893,718$7,742,921$5,605,765$12,868,381
73$24,074,970$8,070,417$5,741,651$13,851,558
74$26,477,074$8,412,325$5,880,453$14,923,834
75$29,122,507$8,769,299$6,022,219$16,093,893
76$32,036,034$9,142,026$6,166,995$17,371,286
77$35,244,946$9,531,222$6,314,826$18,766,524
78$38,779,316$9,937,638$6,465,758$20,291,172
79$42,672,282$10,362,058$6,619,837$21,957,958
80$46,960,361$10,805,306$6,777,109$23,780,889
81$51,683,794$11,268,241$6,937,617$25,775,379
82$56,886,920$11,751,764$7,101,407$27,958,398
83$62,618,604$12,256,819$7,268,522$30,348,624
84$68,932,690$12,784,391$7,439,006$32,966,615
85$75,888,513$13,335,515$7,612,901$35,835,009
86$83,551,458$13,911,272$7,790,250$38,978,725
87$91,993,576$14,512,793$7,971,092$42,425,199
88$101,294,266$15,141,265$8,155,469$46,204,641
89$111,541,022$15,797,929$8,343,419$50,350,315
90$122,830,263$16,484,083$8,534,979$54,898,847
91$135,268,235$17,201,089$8,730,187$59,890,574
92$148,972,023$17,950,371$8,929,076$65,369,912
93$164,070,650$18,733,419$9,131,681$71,385,777
94$180,706,297$19,551,797$9,338,032$77,992,042
95$199,035,643$20,407,139$9,548,161$85,248,039
96$219,231,348$21,301,158$9,762,093$93,219,115
97$241,483,678$22,235,648$9,979,856$101,977,244
98$266,002,303$23,212,485$10,201,471$111,601,702
99$293,018,278$24,233,637$10,426,961$122,179,809
100$322,786,221$25,301,163$10,656,342$133,807,751