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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.8%
1 years$297,285$294,637$292,053$289,531$287,069$279,111
2 years$147,171$144,430$141,773$139,198$136,700$128,741
3 years$97,139$94,386$91,737$89,185$86,728$79,018
4 years$72,128$69,384$66,761$64,253$61,855$54,454
5 years$57,126$54,398$51,809$49,352$47,021$39,949
6 years$47,127$44,420$41,869$39,468$37,206$30,469
7 years$39,988$37,304$34,794$32,448$30,259$23,857
8 years$34,637$31,976$29,508$27,220$25,102$19,032
9 years$30,476$27,841$25,415$23,186$21,140$15,396
10 years$27,150$24,541$22,157$19,986$18,012$12,587
11 years$24,430$21,847$19,507$17,394$15,491$10,376
12 years$22,165$19,609$17,312$15,257$13,424$8,610
13 years$20,251$17,721$15,467$13,470$11,706$7,182
14 years$18,611$16,107$13,897$11,957$10,262$6,016
15 years$17,191$14,714$12,547$10,663$9,035$5,057
16 years$15,949$13,500$11,376$9,548$7,985$4,264
17 years$14,855$12,433$10,352$8,579$7,080$3,603
18 years$13,884$11,489$9,450$7,731$6,295$3,051
19 years$13,016$10,648$8,651$6,986$5,611$2,588
20 years$12,235$9,894$7,939$6,327$5,012$2,199
21 years$11,530$9,216$7,303$5,742$4,485$1,870
22 years$10,890$8,603$6,731$5,221$4,020$1,592
23 years$10,306$8,046$6,214$4,755$3,609$1,356
24 years$9,772$7,539$5,747$4,337$3,244$1,156
25 years$9,281$7,075$5,323$3,960$2,919$986
26 years$8,829$6,649$4,937$3,621$2,629$842
27 years$8,411$6,258$4,584$3,315$2,371$719
28 years$8,024$5,897$4,262$3,037$2,139$614
29 years$7,664$5,563$3,966$2,785$1,931$525
30 years$7,328$5,253$3,694$2,556$1,745$449
31 years$7,015$4,966$3,444$2,347$1,578$384
32 years$6,722$4,699$3,213$2,157$1,427$328
33 years$6,447$4,450$3,000$1,984$1,292$281
34 years$6,189$4,218$2,803$1,825$1,169$240
35 years$5,946$4,000$2,621$1,680$1,059$205
36 years$5,718$3,797$2,452$1,547$960$176
37 years$5,502$3,606$2,295$1,426$870$150
38 years$5,298$3,427$2,149$1,314$789$129
39 years$5,105$3,259$2,013$1,212$715$110
40 years$4,922$3,101$1,887$1,118$649$94
41 years$4,748$2,951$1,770$1,031$588$81
42 years$4,583$2,811$1,660$952$534$69
43 years$4,427$2,678$1,558$878$485$59
44 years$4,277$2,553$1,462$811$440$51
45 years$4,135$2,434$1,373$749$399$43
46 years$3,999$2,322$1,289$692$363$37
47 years$3,870$2,216$1,211$639$329$32
48 years$3,746$2,116$1,138$591$299$27
49 years$3,628$2,020$1,070$546$272$23
50 years$3,515$1,930$1,006$505$247$20

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 $3,840 every year, while hoping to spend $37,081 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: 54/26/20 Blend
52$3,600,000$3,600,000$3,600,000$3,600,000
53$3,971,161$3,780,361$3,724,561$4,163,786
54$4,336,765$3,926,145$3,809,880$4,441,981
55$4,738,419$4,077,829$3,896,814$4,740,430
56$5,179,759$4,235,664$3,985,379$5,064,512
57$5,664,793$4,399,911$4,075,588$5,416,688
58$6,197,937$4,570,841$4,167,455$5,799,661
59$6,784,055$4,748,741$4,260,993$6,216,408
60$7,428,506$4,933,906$4,356,213$6,670,199
61$8,137,193$5,126,647$4,453,126$7,164,637
62$8,916,622$5,327,289$4,551,742$7,703,681
63$9,773,961$5,536,169$4,652,068$8,291,692
64$10,717,105$5,753,641$4,754,112$8,933,467
65$11,754,755$5,980,075$4,857,880$9,634,284
66$12,896,497$6,215,855$4,963,377$10,399,956
67$14,152,894$6,461,386$5,070,604$11,236,877
68$15,535,583$6,717,089$5,179,563$12,152,088
69$17,057,388$6,983,401$5,290,254$13,153,341
70$18,732,438$7,260,785$5,402,674$14,249,168
71$20,576,302$7,549,719$5,516,819$15,448,964
72$22,606,135$7,850,704$5,632,682$16,763,074
73$24,840,839$8,164,267$5,750,255$18,202,886
74$27,301,242$8,490,953$5,869,526$19,780,943
75$30,010,295$8,831,337$5,990,481$21,511,057
76$32,993,288$9,186,015$6,113,105$23,408,435
77$36,278,087$9,555,614$6,237,378$25,489,828
78$39,895,399$9,940,786$6,363,278$27,773,683
79$43,879,062$10,342,216$6,490,780$30,280,316
80$48,266,359$10,760,618$6,619,854$33,032,105
81$53,098,377$11,196,738$6,750,468$36,053,695
82$58,420,390$11,651,356$6,882,587$39,372,234
83$64,282,286$12,125,289$7,016,171$43,017,624
84$70,739,041$12,619,390$7,151,174$47,022,803
85$77,851,234$13,134,550$7,287,549$51,424,055
86$85,685,619$13,671,703$7,425,241$56,261,348
87$94,315,760$14,231,824$7,564,194$61,578,710
88$103,822,716$14,815,932$7,704,343$67,424,646
89$114,295,814$15,425,093$7,845,620$73,852,588
90$125,833,488$16,060,424$7,987,949$80,921,401
91$138,544,209$16,723,091$8,131,251$88,695,936
92$152,547,509$17,414,313$8,275,438$97,247,639
93$167,975,107$18,135,366$8,420,417$106,655,221
94$184,972,154$18,887,584$8,566,087$117,005,405
95$203,698,602$19,672,365$8,712,340$128,393,731
96$224,330,716$20,491,167$8,859,060$140,925,467
97$247,062,733$21,345,519$9,006,123$154,716,591
98$272,108,701$22,237,018$9,153,396$169,894,885
99$299,704,492$23,167,335$9,300,739$186,601,142
100$330,110,036$24,138,221$9,448,000$204,990,485