Can I retire at age 53 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$305,543$302,821$300,166$297,574$295,043$289,441
2 years$151,259$148,442$145,711$143,064$140,497$134,875
3 years$99,837$97,008$94,285$91,663$89,137$83,670
4 years$74,132$71,311$68,615$66,038$63,573$58,304
5 years$58,713$55,909$53,248$50,723$48,327$43,270
6 years$48,436$45,654$43,033$40,564$38,240$33,400
7 years$41,099$38,340$35,760$33,350$31,099$26,479
8 years$35,599$32,864$30,328$27,976$25,800$21,397
9 years$31,323$28,614$26,121$23,830$21,727$17,540
10 years$27,904$25,222$22,773$20,541$18,513$14,537
11 years$25,109$22,454$20,049$17,877$15,921$12,152
12 years$22,781$20,153$17,793$15,681$13,797$10,229
13 years$20,813$18,213$15,897$13,844$12,031$8,659
14 years$19,128$16,555$14,283$12,289$10,547$7,364
15 years$17,668$15,123$12,896$10,960$9,286$6,286
16 years$16,392$13,875$11,692$9,813$8,207$5,383
17 years$15,268$12,779$10,639$8,817$7,277$4,622
18 years$14,269$11,808$9,712$7,946$6,470$3,978
19 years$13,377$10,944$8,891$7,180$5,767$3,430
20 years$12,575$10,169$8,160$6,503$5,151$2,962
21 years$11,850$9,472$7,506$5,902$4,610$2,562
22 years$11,192$8,842$6,917$5,366$4,132$2,219
23 years$10,593$8,270$6,387$4,887$3,709$1,923
24 years$10,044$7,748$5,907$4,457$3,334$1,668
25 years$9,539$7,271$5,471$4,070$3,000$1,449
26 years$9,074$6,834$5,074$3,722$2,702$1,259
27 years$8,645$6,431$4,712$3,407$2,436$1,094
28 years$8,246$6,060$4,380$3,121$2,198$952
29 years$7,876$5,717$4,076$2,862$1,985$828
30 years$7,532$5,399$3,797$2,627$1,794$721
31 years$7,210$5,104$3,540$2,413$1,622$627
32 years$6,909$4,830$3,303$2,217$1,467$546
33 years$6,626$4,574$3,084$2,039$1,328$476
34 years$6,361$4,335$2,881$1,876$1,202$415
35 years$6,112$4,111$2,694$1,727$1,089$362
36 years$5,876$3,902$2,520$1,590$986$315
37 years$5,655$3,706$2,359$1,465$894$275
38 years$5,445$3,522$2,209$1,351$810$240
39 years$5,247$3,349$2,069$1,245$735$209
40 years$5,058$3,187$1,940$1,149$667$182
41 years$4,880$3,033$1,819$1,060$605$159
42 years$4,711$2,889$1,706$978$549$139
43 years$4,550$2,753$1,601$903$498$121
44 years$4,396$2,624$1,503$834$452$105
45 years$4,250$2,502$1,411$770$410$92
46 years$4,111$2,387$1,325$711$373$80
47 years$3,978$2,278$1,245$657$338$70
48 years$3,850$2,174$1,170$607$307$61
49 years$3,729$2,076$1,100$561$279$53
50 years$3,612$1,984$1,034$519$253$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $3,700,000, adding $5,996 every year, while hoping to spend $20,553 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: 31/47/22 Blend
52$3,700,000$3,700,000$3,700,000$3,700,000
53$4,083,585$3,887,485$3,830,135$4,182,155
54$4,478,242$4,056,103$3,936,576$4,426,053
55$4,912,466$4,232,295$4,045,894$4,686,159
56$5,390,270$4,416,410$4,158,164$4,965,732
57$5,916,077$4,608,814$4,273,462$5,266,479
58$6,494,760$4,809,889$4,391,867$5,590,274
59$7,131,689$5,020,037$4,513,458$5,939,165
60$7,832,781$5,239,678$4,638,318$6,315,401
61$8,604,554$5,469,252$4,766,531$6,721,444
62$9,454,192$5,709,219$4,898,183$7,159,995
63$10,389,610$5,960,061$5,033,363$7,634,016
64$11,419,530$6,222,284$5,172,161$8,146,757
65$12,553,563$6,496,417$5,314,669$8,701,781
66$13,802,299$6,783,013$5,460,982$9,303,002
67$15,177,406$7,082,654$5,611,198$9,954,714
68$16,691,742$7,395,945$5,765,414$10,661,632
69$18,359,478$7,723,525$5,923,734$11,428,933
70$20,196,226$8,066,058$6,086,260$12,262,304
71$22,219,191$8,424,245$6,253,100$13,167,991
72$24,447,331$8,798,816$6,424,361$14,152,855
73$26,901,538$9,190,537$6,600,156$15,224,436
74$29,604,832$9,600,210$6,780,598$16,391,021
75$32,582,581$10,028,677$6,965,805$17,661,716
76$35,862,739$10,476,817$7,155,894$19,046,533
77$39,476,111$10,945,553$7,350,989$20,556,477
78$43,456,641$11,435,851$7,551,213$22,203,650
79$47,841,734$11,948,724$7,756,695$24,001,358
80$52,672,612$12,485,233$7,967,565$25,964,235
81$57,994,696$13,046,487$8,183,956$28,108,377
82$63,858,041$13,633,651$8,406,005$30,451,488
83$70,317,806$14,247,944$8,633,851$33,013,045
84$77,434,774$14,890,645$8,867,636$35,814,475
85$85,275,925$15,563,091$9,107,507$38,879,354
86$93,915,073$16,266,686$9,353,611$42,233,621
87$103,433,555$17,002,898$9,606,102$45,905,824
88$113,921,005$17,773,268$9,865,134$49,927,377
89$125,476,198$18,579,409$10,130,867$54,332,856
90$138,207,981$19,423,010$10,403,462$59,160,315
91$152,236,303$20,305,845$10,683,084$64,451,642
92$167,693,342$21,229,768$10,969,905$70,252,947
93$184,724,761$22,196,725$11,264,095$76,614,988
94$203,491,077$23,208,754$11,565,831$83,593,646
95$224,169,174$24,267,991$11,875,294$91,250,443
96$246,953,981$25,376,673$12,192,668$99,653,116
97$272,060,303$26,537,147$12,518,139$108,876,246
98$299,724,857$27,751,870$12,851,899$119,001,955
99$330,208,499$29,023,418$13,194,144$130,120,671
100$363,798,691$30,354,490$13,545,073$142,331,975