Can I retire at age 53 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$289,027$286,452$283,940$281,489$279,095$272,237
2 years$143,083$140,418$137,835$135,331$132,902$126,036
3 years$94,441$91,765$89,188$86,708$84,319$77,658
4 years$70,125$67,457$64,906$62,468$60,137$53,733
5 years$55,539$52,887$50,370$47,982$45,715$39,586
6 years$45,818$43,186$40,706$38,371$36,173$30,324
7 years$38,878$36,268$33,827$31,547$29,418$23,851
8 years$33,674$31,088$28,688$26,464$24,405$19,118
9 years$29,630$27,068$24,709$22,542$20,553$15,540
10 years$26,396$23,859$21,542$19,431$17,512$12,768
11 years$23,752$21,240$18,965$16,911$15,061$10,579
12 years$21,550$19,064$16,831$14,833$13,051$8,825
13 years$19,688$17,228$15,038$13,095$11,381$7,401
14 years$18,094$15,660$13,511$11,625$9,977$6,234
15 years$16,713$14,306$12,199$10,367$8,784$5,270
16 years$15,506$13,125$11,060$9,283$7,763$4,468
17 years$14,443$12,088$10,064$8,340$6,884$3,798
18 years$13,498$11,170$9,187$7,516$6,121$3,236
19 years$12,654$10,352$8,411$6,792$5,455$2,761
20 years$11,895$9,620$7,719$6,151$4,873$2,359
21 years$11,210$8,960$7,100$5,583$4,361$2,019
22 years$10,587$8,364$6,544$5,076$3,909$1,729
23 years$10,020$7,823$6,042$4,623$3,509$1,483
24 years$9,501$7,329$5,588$4,216$3,154$1,272
25 years$9,024$6,878$5,175$3,850$2,838$1,092
26 years$8,584$6,464$4,800$3,521$2,556$938
27 years$8,177$6,084$4,457$3,223$2,305$807
28 years$7,801$5,733$4,143$2,953$2,080$694
29 years$7,451$5,408$3,856$2,708$1,878$597
30 years$7,124$5,107$3,592$2,485$1,697$513
31 years$6,820$4,828$3,348$2,282$1,534$442
32 years$6,535$4,569$3,124$2,097$1,388$380
33 years$6,268$4,326$2,917$1,929$1,256$327
34 years$6,017$4,100$2,725$1,775$1,137$282
35 years$5,781$3,889$2,548$1,634$1,030$243
36 years$5,559$3,691$2,384$1,504$933$209
37 years$5,349$3,506$2,231$1,386$846$180
38 years$5,151$3,332$2,089$1,278$767$155
39 years$4,963$3,168$1,957$1,178$695$134
40 years$4,785$3,014$1,835$1,087$631$115
41 years$4,616$2,869$1,720$1,003$572$99
42 years$4,456$2,733$1,614$925$519$86
43 years$4,304$2,604$1,514$854$471$74
44 years$4,158$2,482$1,421$789$428$64
45 years$4,020$2,367$1,335$728$388$55
46 years$3,888$2,258$1,254$673$352$47
47 years$3,763$2,155$1,178$622$320$41
48 years$3,642$2,057$1,107$574$291$35
49 years$3,527$1,964$1,040$531$264$30
50 years$3,417$1,876$978$491$240$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $3,500,000, adding $3,677 every year, while hoping to spend $52,967 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: 77/5/18 Blend
52$3,500,000$3,500,000$3,500,000$3,500,000
53$3,860,793$3,675,293$3,621,043$4,142,099
54$4,198,237$3,799,026$3,685,991$4,452,240
55$4,568,326$3,927,046$3,751,340$4,785,301
56$4,974,332$4,059,509$3,817,047$5,149,144
57$5,419,862$4,196,573$3,883,067$5,546,829
58$5,908,888$4,338,405$3,949,349$5,981,727
59$6,445,785$4,485,177$4,015,843$6,457,548
60$7,035,372$4,637,068$4,082,491$6,978,382
61$7,682,959$4,794,263$4,149,233$7,548,733
62$8,394,395$4,956,956$4,216,006$8,173,561
63$9,176,121$5,125,345$4,282,740$8,858,331
64$10,035,237$5,299,638$4,349,364$9,609,065
65$10,979,561$5,480,051$4,415,798$10,432,395
66$12,017,710$5,666,807$4,481,961$11,335,626
67$13,159,175$5,860,138$4,547,764$12,326,811
68$14,414,412$6,060,286$4,613,116$13,414,816
69$15,794,943$6,267,501$4,677,916$14,609,413
70$17,313,461$6,482,043$4,742,060$15,921,368
71$18,983,952$6,704,181$4,805,437$17,362,541
72$20,821,826$6,934,196$4,867,930$18,946,002
73$22,844,060$7,172,380$4,929,414$20,686,149
74$25,069,362$7,419,035$4,989,757$22,598,848
75$27,518,344$7,674,474$5,048,821$24,701,580
76$30,213,717$7,939,025$5,106,458$27,013,606
77$33,180,506$8,213,028$5,162,514$29,556,150
78$36,446,284$8,496,833$5,216,826$32,352,599
79$40,041,436$8,790,808$5,269,219$35,428,719
80$43,999,437$9,095,333$5,319,514$38,812,906
81$48,357,179$9,410,804$5,367,517$42,536,447
82$53,155,310$9,737,631$5,413,027$46,633,818
83$58,438,619$10,076,242$5,455,831$51,143,008
84$64,256,462$10,427,082$5,495,705$56,105,879
85$70,663,223$10,790,612$5,532,413$61,568,560
86$77,718,832$11,167,311$5,565,709$67,581,882
87$85,489,323$11,557,680$5,595,330$74,201,857
88$94,047,464$11,962,236$5,621,004$81,490,207
89$103,473,439$12,381,520$5,642,442$89,514,947
90$113,855,608$12,816,092$5,659,342$98,351,027
91$125,291,337$13,266,537$5,671,386$108,081,038
92$137,887,916$13,733,461$5,678,241$118,795,992
93$151,763,579$14,217,495$5,679,557$130,596,181
94$167,048,608$14,719,297$5,674,966$143,592,123
95$183,886,572$15,239,549$5,664,084$157,905,606
96$202,435,678$15,778,962$5,646,506$173,670,837
97$222,870,261$16,338,275$5,621,808$191,035,709
98$245,382,436$16,918,259$5,589,546$210,163,194
99$270,183,903$17,519,712$5,549,255$231,232,887
100$297,507,953$18,143,470$5,500,447$254,442,696