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%16.4%
1 years$289,027$286,452$283,940$281,489$279,095$271,797
2 years$143,083$140,418$137,835$135,331$132,902$125,599
3 years$94,441$91,765$89,188$86,708$84,319$77,239
4 years$70,125$67,457$64,906$62,468$60,137$53,335
5 years$55,539$52,887$50,370$47,982$45,715$39,210
6 years$45,818$43,186$40,706$38,371$36,173$29,971
7 years$38,878$36,268$33,827$31,547$29,418$23,520
8 years$33,674$31,088$28,688$26,464$24,405$18,808
9 years$29,630$27,068$24,709$22,542$20,553$15,252
10 years$26,396$23,859$21,542$19,431$17,512$12,500
11 years$23,752$21,240$18,965$16,911$15,061$10,331
12 years$21,550$19,064$16,831$14,833$13,051$8,595
13 years$19,688$17,228$15,038$13,095$11,381$7,188
14 years$18,094$15,660$13,511$11,625$9,977$6,038
15 years$16,713$14,306$12,199$10,367$8,784$5,090
16 years$15,506$13,125$11,060$9,283$7,763$4,304
17 years$14,443$12,088$10,064$8,340$6,884$3,648
18 years$13,498$11,170$9,187$7,516$6,121$3,098
19 years$12,654$10,352$8,411$6,792$5,455$2,636
20 years$11,895$9,620$7,719$6,151$4,873$2,246
21 years$11,210$8,960$7,100$5,583$4,361$1,916
22 years$10,587$8,364$6,544$5,076$3,909$1,636
23 years$10,020$7,823$6,042$4,623$3,509$1,398
24 years$9,501$7,329$5,588$4,216$3,154$1,196
25 years$9,024$6,878$5,175$3,850$2,838$1,024
26 years$8,584$6,464$4,800$3,521$2,556$877
27 years$8,177$6,084$4,457$3,223$2,305$751
28 years$7,801$5,733$4,143$2,953$2,080$644
29 years$7,451$5,408$3,856$2,708$1,878$552
30 years$7,124$5,107$3,592$2,485$1,697$473
31 years$6,820$4,828$3,348$2,282$1,534$406
32 years$6,535$4,569$3,124$2,097$1,388$348
33 years$6,268$4,326$2,917$1,929$1,256$299
34 years$6,017$4,100$2,725$1,775$1,137$257
35 years$5,781$3,889$2,548$1,634$1,030$220
36 years$5,559$3,691$2,384$1,504$933$189
37 years$5,349$3,506$2,231$1,386$846$162
38 years$5,151$3,332$2,089$1,278$767$139
39 years$4,963$3,168$1,957$1,178$695$120
40 years$4,785$3,014$1,835$1,087$631$103
41 years$4,616$2,869$1,720$1,003$572$88
42 years$4,456$2,733$1,614$925$519$76
43 years$4,304$2,604$1,514$854$471$65
44 years$4,158$2,482$1,421$789$428$56
45 years$4,020$2,367$1,335$728$388$48
46 years$3,888$2,258$1,254$673$352$41
47 years$3,763$2,155$1,178$622$320$35
48 years$3,642$2,057$1,107$574$291$30
49 years$3,527$1,964$1,040$531$264$26
50 years$3,417$1,876$978$491$240$22

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 $5,571 every year, while hoping to spend $55,169 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: 28/45/27 Blend
52$3,500,000$3,500,000$3,500,000$3,500,000
53$3,862,746$3,677,246$3,622,996$3,938,370
54$4,198,047$3,798,732$3,685,667$4,120,510
55$4,565,700$3,924,322$3,748,589$4,310,905
56$4,968,945$4,054,158$3,811,711$4,514,348
57$5,411,355$4,188,388$3,874,980$4,731,993
58$5,896,860$4,327,167$3,938,340$4,965,113
59$6,429,795$4,470,653$4,001,728$5,215,100
60$7,014,929$4,619,010$4,065,082$5,483,489
61$7,657,520$4,772,409$4,128,330$5,771,961
62$8,363,357$4,931,028$4,191,399$6,082,366
63$9,138,821$5,095,049$4,254,212$6,416,738
64$9,990,937$5,264,663$4,316,685$6,777,312
65$10,927,448$5,440,067$4,378,729$7,166,545
66$11,956,882$5,621,464$4,440,251$7,587,138
67$13,088,635$5,809,068$4,501,151$8,042,064
68$14,333,060$6,003,097$4,561,324$8,534,591
69$15,701,562$6,203,778$4,620,658$9,068,315
70$17,206,708$6,411,349$4,679,036$9,647,192
71$18,862,340$6,626,054$4,736,332$10,275,575
72$20,683,715$6,848,147$4,792,415$10,958,254
73$22,687,639$7,077,890$4,847,146$11,700,500
74$24,892,629$7,315,558$4,900,377$12,508,116
75$27,319,091$7,561,434$4,951,953$13,387,487
76$29,989,505$7,815,811$5,001,710$14,345,645
77$32,928,643$8,078,994$5,049,475$15,390,328
78$36,163,799$8,351,300$5,095,068$16,530,058
79$39,725,049$8,633,057$5,138,296$17,774,215
80$43,645,532$8,924,604$5,178,956$19,133,130
81$47,961,763$9,226,296$5,216,838$20,618,177
82$52,713,978$9,538,500$5,251,717$22,241,884
83$57,946,512$9,861,594$5,283,358$24,018,044
84$63,708,219$10,195,976$5,311,513$25,961,848
85$70,052,932$10,542,053$5,335,924$28,090,030
86$77,039,970$10,900,252$5,356,316$30,421,018
87$84,734,697$11,271,015$5,372,403$32,975,108
88$93,209,141$11,654,800$5,383,883$35,774,658
89$102,542,671$12,052,082$5,390,440$38,844,296
90$112,822,746$12,463,357$5,391,742$42,211,148
91$124,145,741$12,889,136$5,387,441$45,905,097
92$136,617,857$13,329,954$5,377,170$49,959,062
93$150,356,120$13,786,363$5,360,547$54,409,309
94$165,489,487$14,258,939$5,337,169$59,295,786
95$182,160,066$14,748,277$5,306,614$64,662,507
96$200,524,448$15,254,998$5,268,442$70,557,960
97$220,755,196$15,779,747$5,222,188$77,035,566
98$243,042,463$16,323,192$5,167,369$84,154,180
99$267,595,794$16,886,028$5,103,475$91,978,645
100$294,646,099$17,468,977$5,029,976$100,580,404