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%15.3%
1 years$305,543$302,821$300,166$297,574$295,043$288,614
2 years$151,259$148,442$145,711$143,064$140,497$134,052
3 years$99,837$97,008$94,285$91,663$89,137$82,878
4 years$74,132$71,311$68,615$66,038$63,573$57,548
5 years$58,713$55,909$53,248$50,723$48,327$42,553
6 years$48,436$45,654$43,033$40,564$38,240$32,722
7 years$41,099$38,340$35,760$33,350$31,099$25,839
8 years$35,599$32,864$30,328$27,976$25,800$20,795
9 years$31,323$28,614$26,121$23,830$21,727$16,975
10 years$27,904$25,222$22,773$20,541$18,513$14,008
11 years$25,109$22,454$20,049$17,877$15,921$11,658
12 years$22,781$20,153$17,793$15,681$13,797$9,769
13 years$20,813$18,213$15,897$13,844$12,031$8,231
14 years$19,128$16,555$14,283$12,289$10,547$6,967
15 years$17,668$15,123$12,896$10,960$9,286$5,918
16 years$16,392$13,875$11,692$9,813$8,207$5,043
17 years$15,268$12,779$10,639$8,817$7,277$4,309
18 years$14,269$11,808$9,712$7,946$6,470$3,689
19 years$13,377$10,944$8,891$7,180$5,767$3,165
20 years$12,575$10,169$8,160$6,503$5,151$2,719
21 years$11,850$9,472$7,506$5,902$4,610$2,339
22 years$11,192$8,842$6,917$5,366$4,132$2,014
23 years$10,593$8,270$6,387$4,887$3,709$1,737
24 years$10,044$7,748$5,907$4,457$3,334$1,498
25 years$9,539$7,271$5,471$4,070$3,000$1,294
26 years$9,074$6,834$5,074$3,722$2,702$1,118
27 years$8,645$6,431$4,712$3,407$2,436$966
28 years$8,246$6,060$4,380$3,121$2,198$835
29 years$7,876$5,717$4,076$2,862$1,985$723
30 years$7,532$5,399$3,797$2,627$1,794$626
31 years$7,210$5,104$3,540$2,413$1,622$541
32 years$6,909$4,830$3,303$2,217$1,467$469
33 years$6,626$4,574$3,084$2,039$1,328$406
34 years$6,361$4,335$2,881$1,876$1,202$352
35 years$6,112$4,111$2,694$1,727$1,089$305
36 years$5,876$3,902$2,520$1,590$986$264
37 years$5,655$3,706$2,359$1,465$894$229
38 years$5,445$3,522$2,209$1,351$810$198
39 years$5,247$3,349$2,069$1,245$735$172
40 years$5,058$3,187$1,940$1,149$667$149
41 years$4,880$3,033$1,819$1,060$605$129
42 years$4,711$2,889$1,706$978$549$112
43 years$4,550$2,753$1,601$903$498$97
44 years$4,396$2,624$1,503$834$452$84
45 years$4,250$2,502$1,411$770$410$73
46 years$4,111$2,387$1,325$711$373$63
47 years$3,978$2,278$1,245$657$338$55
48 years$3,850$2,174$1,170$607$307$48
49 years$3,729$2,076$1,100$561$279$41
50 years$3,612$1,984$1,034$519$253$36

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 $5,955 every year, while hoping to spend $58,361 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: 27/50/23 Blend
52$3,700,000$3,700,000$3,700,000$3,700,000
53$4,083,543$3,887,443$3,830,093$4,164,046
54$4,437,968$4,015,832$3,896,305$4,356,658
55$4,826,589$4,148,556$3,962,780$4,557,820
56$5,252,832$4,285,766$4,029,463$4,772,583
57$5,720,471$4,427,618$4,096,300$5,002,137
58$6,233,661$4,574,274$4,163,229$5,247,790
59$6,796,983$4,725,902$4,230,185$5,510,978
60$7,415,480$4,882,675$4,297,101$5,793,276
61$8,094,707$5,044,774$4,363,902$6,096,414
62$8,840,785$5,212,386$4,430,511$6,422,293
63$9,660,456$5,385,704$4,496,844$6,773,001
64$10,561,148$5,564,929$4,562,814$7,150,832
65$11,551,043$5,750,269$4,628,326$7,558,308
66$12,639,157$5,941,939$4,693,282$7,998,201
67$13,835,420$6,140,163$4,757,575$8,473,558
68$15,150,774$6,345,172$4,821,096$8,987,730
69$16,597,275$6,557,208$4,883,724$9,544,402
70$18,188,204$6,776,518$4,945,337$10,147,627
71$19,938,196$7,003,362$5,005,800$10,801,863
72$21,863,372$7,238,007$5,064,975$11,512,016
73$23,981,498$7,480,732$5,122,714$12,283,481
74$26,312,147$7,731,824$5,178,861$13,122,198
75$28,876,886$7,991,583$5,233,252$14,034,699
76$31,699,475$8,260,318$5,285,713$15,028,179
77$34,806,099$8,538,351$5,336,062$16,110,551
78$38,225,607$8,826,016$5,384,106$17,290,531
79$41,989,787$9,123,659$5,429,642$18,577,709
80$46,133,667$9,431,639$5,472,456$19,982,645
81$50,695,841$9,750,329$5,512,323$21,516,966
82$55,718,838$10,080,117$5,549,007$23,193,472
83$61,249,519$10,421,402$5,582,259$25,026,258
84$67,339,522$10,774,603$5,611,816$27,030,844
85$74,045,745$11,140,150$5,637,404$29,224,322
86$81,430,887$11,518,494$5,658,733$31,625,514
87$89,564,037$11,910,099$5,675,500$34,255,149
88$98,521,325$12,315,450$5,687,385$37,136,057
89$108,386,641$12,735,048$5,694,054$40,293,384
90$119,252,428$13,169,415$5,695,154$43,754,823
91$131,220,551$13,619,092$5,690,317$47,550,881
92$144,403,261$14,084,641$5,679,157$51,715,160
93$158,924,251$14,566,646$5,661,266$56,284,674
94$174,919,825$15,065,712$5,636,219$61,300,196
95$192,540,185$15,582,470$5,603,570$66,806,640
96$211,950,846$16,117,573$5,562,851$72,853,487
97$233,334,198$16,671,700$5,513,573$79,495,246
98$256,891,230$17,245,556$5,455,221$86,791,965
99$282,843,422$17,839,876$5,387,258$94,809,804
100$311,434,841$18,455,419$5,309,120$103,621,645