Can I retire at age 53 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$297,285$294,637$292,053$289,531$287,069$275,679
2 years$147,171$144,430$141,773$139,198$136,700$125,366
3 years$97,139$94,386$91,737$89,185$86,728$75,807
4 years$72,128$69,384$66,761$64,253$61,855$51,430
5 years$57,126$54,398$51,809$49,352$47,021$37,119
6 years$47,127$44,420$41,869$39,468$37,206$27,832
7 years$39,988$37,304$34,794$32,448$30,259$21,410
8 years$34,637$31,976$29,508$27,220$25,102$16,770
9 years$30,476$27,841$25,415$23,186$21,140$13,312
10 years$27,150$24,541$22,157$19,986$18,012$10,672
11 years$24,430$21,847$19,507$17,394$15,491$8,623
12 years$22,165$19,609$17,312$15,257$13,424$7,009
13 years$20,251$17,721$15,467$13,470$11,706$5,724
14 years$18,611$16,107$13,897$11,957$10,262$4,693
15 years$17,191$14,714$12,547$10,663$9,035$3,859
16 years$15,949$13,500$11,376$9,548$7,985$3,182
17 years$14,855$12,433$10,352$8,579$7,080$2,628
18 years$13,884$11,489$9,450$7,731$6,295$2,175
19 years$13,016$10,648$8,651$6,986$5,611$1,802
20 years$12,235$9,894$7,939$6,327$5,012$1,495
21 years$11,530$9,216$7,303$5,742$4,485$1,241
22 years$10,890$8,603$6,731$5,221$4,020$1,031
23 years$10,306$8,046$6,214$4,755$3,609$857
24 years$9,772$7,539$5,747$4,337$3,244$713
25 years$9,281$7,075$5,323$3,960$2,919$594
26 years$8,829$6,649$4,937$3,621$2,629$494
27 years$8,411$6,258$4,584$3,315$2,371$412
28 years$8,024$5,897$4,262$3,037$2,139$343
29 years$7,664$5,563$3,966$2,785$1,931$286
30 years$7,328$5,253$3,694$2,556$1,745$238
31 years$7,015$4,966$3,444$2,347$1,578$198
32 years$6,722$4,699$3,213$2,157$1,427$165
33 years$6,447$4,450$3,000$1,984$1,292$138
34 years$6,189$4,218$2,803$1,825$1,169$115
35 years$5,946$4,000$2,621$1,680$1,059$96
36 years$5,718$3,797$2,452$1,547$960$80
37 years$5,502$3,606$2,295$1,426$870$67
38 years$5,298$3,427$2,149$1,314$789$56
39 years$5,105$3,259$2,013$1,212$715$46
40 years$4,922$3,101$1,887$1,118$649$39
41 years$4,748$2,951$1,770$1,031$588$32
42 years$4,583$2,811$1,660$952$534$27
43 years$4,427$2,678$1,558$878$485$22
44 years$4,277$2,553$1,462$811$440$19
45 years$4,135$2,434$1,373$749$399$16
46 years$3,999$2,322$1,289$692$363$13
47 years$3,870$2,216$1,211$639$329$11
48 years$3,746$2,116$1,138$591$299$9
49 years$3,628$2,020$1,070$546$272$8
50 years$3,515$1,930$1,006$505$247$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $3,600,000, adding $6,528 every year, while hoping to spend $46,489 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: 33/47/20 Blend
52$3,600,000$3,600,000$3,600,000$3,600,000
53$3,973,934$3,783,134$3,727,334$4,080,372
54$4,329,811$3,919,043$3,802,735$4,295,946
55$4,720,430$4,060,054$3,879,105$4,523,405
56$5,149,284$4,206,368$3,956,426$4,767,584
57$5,620,224$4,358,193$4,034,679$5,029,980
58$6,137,490$4,515,747$4,113,844$5,312,239
59$6,705,753$4,679,258$4,193,896$5,616,168
60$7,330,159$4,848,961$4,274,811$5,943,749
61$8,016,378$5,025,103$4,356,560$6,297,159
62$8,770,655$5,207,939$4,439,112$6,678,790
63$9,599,872$5,397,738$4,522,432$7,091,268
64$10,511,609$5,594,778$4,606,484$7,537,481
65$11,514,219$5,799,347$4,691,226$8,020,600
66$12,616,903$6,011,749$4,776,616$8,544,112
67$13,829,801$6,232,298$4,862,606$9,111,848
68$15,164,082$6,461,322$4,949,145$9,728,024
69$16,632,054$6,699,163$5,036,177$10,397,272
70$18,247,279$6,946,177$5,123,644$11,124,686
71$20,024,697$7,202,736$5,211,482$11,915,872
72$21,980,772$7,469,226$5,299,623$12,776,992
73$24,133,644$7,746,051$5,387,993$13,714,827
74$26,503,300$8,033,631$5,476,515$14,736,837
75$29,111,763$8,332,406$5,565,106$15,851,231
76$31,983,301$8,642,833$5,653,675$17,067,041
77$35,144,654$8,965,388$5,742,129$18,394,207
78$38,625,285$9,300,568$5,830,367$19,843,667
79$42,457,660$9,648,892$5,918,280$21,427,463
80$46,677,555$10,010,900$6,005,756$23,158,846
81$51,324,388$10,387,158$6,092,672$25,052,407
82$56,441,600$10,778,252$6,178,900$27,124,204
83$62,077,053$11,184,797$6,264,303$29,391,921
84$68,283,493$11,607,432$6,348,738$31,875,022
85$75,119,039$12,046,826$6,432,050$34,594,942
86$82,647,735$12,503,675$6,514,078$37,575,281
87$90,940,155$12,978,706$6,594,651$40,842,028
88$100,074,066$13,472,677$6,673,586$44,423,800
89$110,135,163$13,986,381$6,750,694$48,352,111
90$121,217,879$14,520,643$6,825,771$52,661,670
91$133,426,273$15,076,325$6,898,605$57,390,698
92$146,875,014$15,654,326$6,968,970$62,581,295
93$161,690,464$16,255,586$7,036,629$68,279,827
94$178,011,867$16,881,086$7,101,331$74,537,364
95$195,992,666$17,531,847$7,162,814$81,410,156
96$215,801,949$18,208,939$7,220,800$88,960,165
97$237,626,047$18,913,477$7,274,996$97,255,640
98$261,670,291$19,646,624$7,325,096$106,371,763
99$288,160,949$20,409,597$7,370,774$116,391,353
100$317,347,362$21,203,664$7,411,692$127,405,640