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

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$289,027$286,452$283,940$281,489$279,095$269,622
2 years$143,083$140,418$137,835$135,331$132,902$123,453
3 years$94,441$91,765$89,188$86,708$84,319$75,190
4 years$70,125$67,457$64,906$62,468$60,137$51,399
5 years$55,539$52,887$50,370$47,982$45,715$37,391
6 years$45,818$43,186$40,706$38,371$36,173$28,269
7 years$38,878$36,268$33,827$31,547$29,418$21,934
8 years$33,674$31,088$28,688$26,464$24,405$17,334
9 years$29,630$27,068$24,709$22,542$20,553$13,886
10 years$26,396$23,859$21,542$19,431$17,512$11,239
11 years$23,752$21,240$18,965$16,911$15,061$9,170
12 years$21,550$19,064$16,831$14,833$13,051$7,529
13 years$19,688$17,228$15,038$13,095$11,381$6,212
14 years$18,094$15,660$13,511$11,625$9,977$5,147
15 years$16,713$14,306$12,199$10,367$8,784$4,278
16 years$15,506$13,125$11,060$9,283$7,763$3,565
17 years$14,443$12,088$10,064$8,340$6,884$2,978
18 years$13,498$11,170$9,187$7,516$6,121$2,492
19 years$12,654$10,352$8,411$6,792$5,455$2,088
20 years$11,895$9,620$7,719$6,151$4,873$1,752
21 years$11,210$8,960$7,100$5,583$4,361$1,472
22 years$10,587$8,364$6,544$5,076$3,909$1,237
23 years$10,020$7,823$6,042$4,623$3,509$1,041
24 years$9,501$7,329$5,588$4,216$3,154$876
25 years$9,024$6,878$5,175$3,850$2,838$738
26 years$8,584$6,464$4,800$3,521$2,556$622
27 years$8,177$6,084$4,457$3,223$2,305$524
28 years$7,801$5,733$4,143$2,953$2,080$442
29 years$7,451$5,408$3,856$2,708$1,878$373
30 years$7,124$5,107$3,592$2,485$1,697$315
31 years$6,820$4,828$3,348$2,282$1,534$265
32 years$6,535$4,569$3,124$2,097$1,388$224
33 years$6,268$4,326$2,917$1,929$1,256$189
34 years$6,017$4,100$2,725$1,775$1,137$160
35 years$5,781$3,889$2,548$1,634$1,030$135
36 years$5,559$3,691$2,384$1,504$933$114
37 years$5,349$3,506$2,231$1,386$846$96
38 years$5,151$3,332$2,089$1,278$767$81
39 years$4,963$3,168$1,957$1,178$695$68
40 years$4,785$3,014$1,835$1,087$631$58
41 years$4,616$2,869$1,720$1,003$572$49
42 years$4,456$2,733$1,614$925$519$41
43 years$4,304$2,604$1,514$854$471$35
44 years$4,158$2,482$1,421$789$428$29
45 years$4,020$2,367$1,335$728$388$25
46 years$3,888$2,258$1,254$673$352$21
47 years$3,763$2,155$1,178$622$320$18
48 years$3,642$2,057$1,107$574$291$15
49 years$3,527$1,964$1,040$531$264$13
50 years$3,417$1,876$978$491$240$11

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 $5,959 every year, while hoping to spend $52,303 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: 61/14/25 Blend
52$3,500,000$3,500,000$3,500,000$3,500,000
53$3,863,147$3,677,647$3,623,397$4,072,703
54$4,201,538$3,802,201$3,689,131$4,340,238
55$4,572,692$3,931,106$3,755,313$4,625,902
56$4,979,895$4,064,519$3,821,905$4,936,571
57$5,426,768$4,202,605$3,888,863$5,274,692
58$5,917,298$4,345,532$3,956,139$5,642,958
59$6,455,878$4,493,478$4,023,685$6,044,335
60$7,047,346$4,646,627$4,091,447$6,482,090
61$7,697,032$4,805,168$4,159,367$6,959,818
62$8,410,808$4,969,300$4,227,385$7,481,479
63$9,195,142$5,139,228$4,295,435$8,051,437
64$10,057,161$5,315,165$4,363,446$8,674,493
65$11,004,716$5,497,333$4,431,346$9,355,940
66$12,046,456$5,685,961$4,499,055$10,101,606
67$13,191,910$5,881,288$4,566,489$10,917,909
68$14,451,576$6,083,563$4,633,558$11,811,920
69$15,837,023$6,293,043$4,700,168$12,791,429
70$17,360,993$6,509,997$4,766,218$13,865,017
71$19,037,530$6,734,702$4,831,601$15,042,134
72$20,882,103$6,967,447$4,896,205$16,333,197
73$22,911,759$7,208,534$4,959,909$17,749,675
74$25,145,280$7,458,274$5,022,588$19,304,209
75$27,603,361$7,716,991$5,084,107$21,010,722
76$30,308,804$7,985,024$5,144,324$22,884,557
77$33,286,733$8,262,721$5,203,091$24,942,616
78$36,564,834$8,550,449$5,260,248$27,203,522
79$40,173,611$8,848,585$5,315,631$29,687,794
80$44,146,678$9,157,524$5,369,062$32,418,039
81$48,521,070$9,477,674$5,420,357$35,419,168
82$53,337,601$9,809,461$5,469,321$38,718,627
83$58,641,241$10,153,329$5,515,747$42,346,659
84$64,481,542$10,509,738$5,559,420$46,336,587
85$70,913,110$10,879,165$5,600,111$50,725,127
86$77,996,113$11,262,110$5,637,580$55,552,739
87$85,796,852$11,659,089$5,671,575$60,864,002
88$94,388,389$12,070,643$5,701,831$66,708,041
89$103,851,231$12,497,330$5,728,069$73,138,985
90$114,274,093$12,939,735$5,749,995$80,216,480
91$125,754,732$13,398,464$5,767,302$88,006,250
92$138,400,874$13,874,148$5,779,666$96,580,721
93$152,331,226$14,367,445$5,786,747$106,019,699
94$167,676,598$14,879,036$5,788,191$116,411,125
95$184,581,137$15,409,635$5,783,621$127,851,907
96$203,203,687$15,959,981$5,772,646$140,448,830
97$223,719,289$16,530,846$5,754,855$154,319,567
98$246,320,829$17,123,030$5,729,816$169,593,789
99$271,220,866$17,737,371$5,697,077$186,414,386
100$298,653,628$18,374,736$5,656,163$204,938,818