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%11.9%
1 years$289,027$286,452$283,940$281,489$279,095$276,872
2 years$143,083$140,418$137,835$135,331$132,902$130,662
3 years$94,441$91,765$89,188$86,708$84,319$82,130
4 years$70,125$67,457$64,906$62,468$60,137$58,016
5 years$55,539$52,887$50,370$47,982$45,715$43,669
6 years$45,818$43,186$40,706$38,371$36,173$34,204
7 years$38,878$36,268$33,827$31,547$29,418$27,528
8 years$33,674$31,088$28,688$26,464$24,405$22,593
9 years$29,630$27,068$24,709$22,542$20,553$18,818
10 years$26,396$23,859$21,542$19,431$17,512$15,854
11 years$23,752$21,240$18,965$16,911$15,061$13,478
12 years$21,550$19,064$16,831$14,833$13,051$11,543
13 years$19,688$17,228$15,038$13,095$11,381$9,945
14 years$18,094$15,660$13,511$11,625$9,977$8,611
15 years$16,713$14,306$12,199$10,367$8,784$7,487
16 years$15,506$13,125$11,060$9,283$7,763$6,533
17 years$14,443$12,088$10,064$8,340$6,884$5,718
18 years$13,498$11,170$9,187$7,516$6,121$5,017
19 years$12,654$10,352$8,411$6,792$5,455$4,412
20 years$11,895$9,620$7,719$6,151$4,873$3,887
21 years$11,210$8,960$7,100$5,583$4,361$3,431
22 years$10,587$8,364$6,544$5,076$3,909$3,033
23 years$10,020$7,823$6,042$4,623$3,509$2,684
24 years$9,501$7,329$5,588$4,216$3,154$2,378
25 years$9,024$6,878$5,175$3,850$2,838$2,109
26 years$8,584$6,464$4,800$3,521$2,556$1,872
27 years$8,177$6,084$4,457$3,223$2,305$1,663
28 years$7,801$5,733$4,143$2,953$2,080$1,478
29 years$7,451$5,408$3,856$2,708$1,878$1,314
30 years$7,124$5,107$3,592$2,485$1,697$1,170
31 years$6,820$4,828$3,348$2,282$1,534$1,041
32 years$6,535$4,569$3,124$2,097$1,388$928
33 years$6,268$4,326$2,917$1,929$1,256$826
34 years$6,017$4,100$2,725$1,775$1,137$737
35 years$5,781$3,889$2,548$1,634$1,030$657
36 years$5,559$3,691$2,384$1,504$933$586
37 years$5,349$3,506$2,231$1,386$846$522
38 years$5,151$3,332$2,089$1,278$767$466
39 years$4,963$3,168$1,957$1,178$695$416
40 years$4,785$3,014$1,835$1,087$631$371
41 years$4,616$2,869$1,720$1,003$572$331
42 years$4,456$2,733$1,614$925$519$296
43 years$4,304$2,604$1,514$854$471$264
44 years$4,158$2,482$1,421$789$428$236
45 years$4,020$2,367$1,335$728$388$210
46 years$3,888$2,258$1,254$673$352$188
47 years$3,763$2,155$1,178$622$320$168
48 years$3,642$2,057$1,107$574$291$150
49 years$3,527$1,964$1,040$531$264$134
50 years$3,417$1,876$978$491$240$120

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 $4,088 every year, while hoping to spend $29,544 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: 51/21/28 Blend
52$3,500,000$3,500,000$3,500,000$3,500,000
53$3,861,217$3,675,717$3,621,467$4,027,482
54$4,223,626$3,824,392$3,711,351$4,292,482
55$4,622,011$3,979,363$3,803,257$4,577,188
56$5,060,010$4,140,905$3,897,220$4,886,202
57$5,541,632$4,309,310$3,993,277$5,221,854
58$6,071,292$4,484,880$4,091,465$5,586,701
59$6,653,856$4,667,931$4,191,822$5,983,560
60$7,294,686$4,858,796$4,294,384$6,415,527
61$7,999,687$5,057,821$4,399,190$6,886,009
62$8,775,369$5,265,368$4,506,276$7,398,755
63$9,628,900$5,481,815$4,615,680$7,957,888
64$10,568,184$5,707,559$4,727,441$8,567,949
65$11,601,923$5,943,014$4,841,595$9,233,930
66$12,739,712$6,188,614$4,958,181$9,961,331
67$13,992,118$6,444,812$5,077,236$10,756,201
68$15,370,788$6,712,082$5,198,797$11,625,201
69$16,888,553$6,990,919$5,322,902$12,575,664
70$18,559,554$7,281,842$5,449,587$13,615,661
71$20,399,371$7,585,394$5,578,890$14,754,078
72$22,425,171$7,902,143$5,710,848$16,000,701
73$24,655,872$8,232,682$5,845,495$17,366,303
74$27,112,320$8,577,633$5,982,868$18,862,745
75$29,817,485$8,937,644$6,123,002$20,503,093
76$32,796,676$9,313,397$6,265,931$22,301,730
77$36,077,787$9,705,603$6,411,689$24,274,499
78$39,691,550$10,115,007$6,560,309$26,438,846
79$43,671,832$10,542,386$6,711,824$28,813,986
80$48,055,954$10,988,557$6,866,264$31,421,083
81$52,885,037$11,454,373$7,023,661$34,283,446
82$58,204,400$11,940,727$7,184,042$37,426,748
83$64,063,978$12,448,551$7,347,437$40,879,269
84$70,518,799$12,978,825$7,513,871$44,672,159
85$77,629,501$13,532,572$7,683,370$48,839,730
86$85,462,905$14,110,863$7,855,958$53,419,781
87$94,092,644$14,714,819$8,031,656$58,453,947
88$103,599,862$15,345,613$8,210,484$63,988,098
89$114,073,973$16,004,473$8,392,461$70,072,763
90$125,613,512$16,692,686$8,577,602$76,763,607
91$138,327,060$17,411,597$8,765,921$84,121,956
92$152,334,270$18,162,615$8,957,429$92,215,373
93$167,766,998$18,947,215$9,152,135$101,118,289
94$184,770,544$19,766,942$9,350,045$110,912,709
95$203,505,030$20,623,412$9,551,161$121,688,980
96$224,146,901$21,518,317$9,755,483$133,546,643
97$246,890,600$22,453,430$9,963,007$146,595,367
98$271,950,399$23,430,606$10,173,725$160,955,985
99$299,562,421$24,451,787$10,387,627$176,761,627
100$329,986,872$25,519,009$10,604,697$194,158,977