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%19.8%
1 years$297,285$294,637$292,053$289,531$287,069$275,788
2 years$147,171$144,430$141,773$139,198$136,700$125,472
3 years$97,139$94,386$91,737$89,185$86,728$75,908
4 years$72,128$69,384$66,761$64,253$61,855$51,524
5 years$57,126$54,398$51,809$49,352$47,021$37,206
6 years$47,127$44,420$41,869$39,468$37,206$27,914
7 years$39,988$37,304$34,794$32,448$30,259$21,485
8 years$34,637$31,976$29,508$27,220$25,102$16,839
9 years$30,476$27,841$25,415$23,186$21,140$13,374
10 years$27,150$24,541$22,157$19,986$18,012$10,730
11 years$24,430$21,847$19,507$17,394$15,491$8,675
12 years$22,165$19,609$17,312$15,257$13,424$7,056
13 years$20,251$17,721$15,467$13,470$11,706$5,766
14 years$18,611$16,107$13,897$11,957$10,262$4,731
15 years$17,191$14,714$12,547$10,663$9,035$3,893
16 years$15,949$13,500$11,376$9,548$7,985$3,212
17 years$14,855$12,433$10,352$8,579$7,080$2,655
18 years$13,884$11,489$9,450$7,731$6,295$2,199
19 years$13,016$10,648$8,651$6,986$5,611$1,823
20 years$12,235$9,894$7,939$6,327$5,012$1,513
21 years$11,530$9,216$7,303$5,742$4,485$1,258
22 years$10,890$8,603$6,731$5,221$4,020$1,046
23 years$10,306$8,046$6,214$4,755$3,609$870
24 years$9,772$7,539$5,747$4,337$3,244$724
25 years$9,281$7,075$5,323$3,960$2,919$603
26 years$8,829$6,649$4,937$3,621$2,629$503
27 years$8,411$6,258$4,584$3,315$2,371$419
28 years$8,024$5,897$4,262$3,037$2,139$349
29 years$7,664$5,563$3,966$2,785$1,931$291
30 years$7,328$5,253$3,694$2,556$1,745$243
31 years$7,015$4,966$3,444$2,347$1,578$203
32 years$6,722$4,699$3,213$2,157$1,427$169
33 years$6,447$4,450$3,000$1,984$1,292$141
34 years$6,189$4,218$2,803$1,825$1,169$118
35 years$5,946$4,000$2,621$1,680$1,059$98
36 years$5,718$3,797$2,452$1,547$960$82
37 years$5,502$3,606$2,295$1,426$870$68
38 years$5,298$3,427$2,149$1,314$789$57
39 years$5,105$3,259$2,013$1,212$715$48
40 years$4,922$3,101$1,887$1,118$649$40
41 years$4,748$2,951$1,770$1,031$588$33
42 years$4,583$2,811$1,660$952$534$28
43 years$4,427$2,678$1,558$878$485$23
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$7

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 $5,460 every year, while hoping to spend $30,045 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: 66/14/20 Blend
52$3,600,000$3,600,000$3,600,000$3,600,000
53$3,972,832$3,782,032$3,726,232$4,214,706
54$4,346,093$3,935,384$3,819,093$4,530,943
55$4,756,420$4,095,243$3,914,058$4,872,570
56$5,207,562$4,261,897$4,011,166$5,245,325
57$5,703,648$4,435,645$4,110,455$5,652,265
58$6,249,230$4,616,802$4,211,965$6,096,754
59$6,849,322$4,805,695$4,315,736$6,582,495
60$7,509,447$5,002,668$4,421,808$7,113,565
61$8,235,692$5,208,080$4,530,219$7,694,451
62$9,034,763$5,422,306$4,641,012$8,330,094
63$9,914,048$5,645,739$4,754,225$9,025,935
64$10,881,689$5,878,788$4,869,900$9,787,963
65$11,946,657$6,121,884$4,988,077$10,622,775
66$13,118,835$6,375,476$5,108,797$11,537,633
67$14,409,114$6,640,032$5,232,099$12,540,536
68$15,829,494$6,916,044$5,358,025$13,640,293
69$17,393,199$7,204,027$5,486,616$14,846,605
70$19,114,798$7,504,517$5,617,910$16,170,157
71$21,010,346$7,818,077$5,751,949$17,622,716
72$23,097,534$8,145,295$5,888,772$19,217,244
73$25,395,856$8,486,788$6,028,419$20,968,018
74$27,926,791$8,843,198$6,170,929$22,890,764
75$30,714,009$9,215,200$6,316,340$25,002,804
76$33,783,591$9,603,499$6,464,691$27,323,219
77$37,164,279$10,008,832$6,616,020$29,873,028
78$40,887,742$10,431,971$6,770,364$32,675,389
79$44,988,879$10,873,725$6,927,758$35,755,808
80$49,506,145$11,334,938$7,088,238$39,142,388
81$54,481,917$11,816,495$7,251,839$42,866,087
82$59,962,891$12,319,322$7,418,594$46,961,010
83$66,000,525$12,844,387$7,588,536$51,464,734
84$72,651,522$13,392,706$7,761,695$56,418,656
85$79,978,367$13,965,339$7,938,102$61,868,384
86$88,049,917$14,563,397$8,117,785$67,864,168
87$96,942,048$15,188,043$8,300,771$74,461,371
88$106,738,375$15,840,495$8,487,084$81,720,992
89$117,531,036$16,522,026$8,676,749$89,710,238
90$129,421,568$17,233,971$8,869,785$98,503,157
91$142,521,858$17,977,726$9,066,213$108,181,338
92$156,955,205$18,754,752$9,266,049$118,834,677
93$172,857,481$19,566,580$9,469,307$130,562,224
94$190,378,414$20,414,813$9,675,999$143,473,116
95$209,683,001$21,301,127$9,886,133$157,687,609
96$230,953,064$22,227,279$10,099,716$173,338,204
97$254,388,969$23,195,108$10,316,749$190,570,902
98$280,211,515$24,206,540$10,537,231$209,546,578
99$308,664,020$25,263,590$10,761,158$230,442,496
100$340,014,614$26,368,370$10,988,521$253,453,983