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%11.9%
1 years$305,543$302,821$300,166$297,574$295,043$292,693
2 years$151,259$148,442$145,711$143,064$140,497$138,128
3 years$99,837$97,008$94,285$91,663$89,137$86,823
4 years$74,132$71,311$68,615$66,038$63,573$61,331
5 years$58,713$55,909$53,248$50,723$48,327$46,164
6 years$48,436$45,654$43,033$40,564$38,240$36,159
7 years$41,099$38,340$35,760$33,350$31,099$29,101
8 years$35,599$32,864$30,328$27,976$25,800$23,884
9 years$31,323$28,614$26,121$23,830$21,727$19,893
10 years$27,904$25,222$22,773$20,541$18,513$16,760
11 years$25,109$22,454$20,049$17,877$15,921$14,248
12 years$22,781$20,153$17,793$15,681$13,797$12,202
13 years$20,813$18,213$15,897$13,844$12,031$10,513
14 years$19,128$16,555$14,283$12,289$10,547$9,103
15 years$17,668$15,123$12,896$10,960$9,286$7,915
16 years$16,392$13,875$11,692$9,813$8,207$6,906
17 years$15,268$12,779$10,639$8,817$7,277$6,044
18 years$14,269$11,808$9,712$7,946$6,470$5,304
19 years$13,377$10,944$8,891$7,180$5,767$4,664
20 years$12,575$10,169$8,160$6,503$5,151$4,110
21 years$11,850$9,472$7,506$5,902$4,610$3,627
22 years$11,192$8,842$6,917$5,366$4,132$3,206
23 years$10,593$8,270$6,387$4,887$3,709$2,837
24 years$10,044$7,748$5,907$4,457$3,334$2,514
25 years$9,539$7,271$5,471$4,070$3,000$2,229
26 years$9,074$6,834$5,074$3,722$2,702$1,979
27 years$8,645$6,431$4,712$3,407$2,436$1,758
28 years$8,246$6,060$4,380$3,121$2,198$1,562
29 years$7,876$5,717$4,076$2,862$1,985$1,390
30 years$7,532$5,399$3,797$2,627$1,794$1,237
31 years$7,210$5,104$3,540$2,413$1,622$1,101
32 years$6,909$4,830$3,303$2,217$1,467$981
33 years$6,626$4,574$3,084$2,039$1,328$874
34 years$6,361$4,335$2,881$1,876$1,202$779
35 years$6,112$4,111$2,694$1,727$1,089$694
36 years$5,876$3,902$2,520$1,590$986$619
37 years$5,655$3,706$2,359$1,465$894$552
38 years$5,445$3,522$2,209$1,351$810$493
39 years$5,247$3,349$2,069$1,245$735$440
40 years$5,058$3,187$1,940$1,149$667$392
41 years$4,880$3,033$1,819$1,060$605$350
42 years$4,711$2,889$1,706$978$549$313
43 years$4,550$2,753$1,601$903$498$279
44 years$4,396$2,624$1,503$834$452$249
45 years$4,250$2,502$1,411$770$410$223
46 years$4,111$2,387$1,325$711$373$199
47 years$3,978$2,278$1,245$657$338$177
48 years$3,850$2,174$1,170$607$307$159
49 years$3,729$2,076$1,100$561$279$142
50 years$3,612$1,984$1,034$519$253$126

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 $3,645 every year, while hoping to spend $20,660 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: 36/37/27 Blend
52$3,700,000$3,700,000$3,700,000$3,700,000
53$4,081,160$3,885,060$3,827,710$4,194,849
54$4,475,456$4,053,446$3,933,956$4,447,922
55$4,909,278$4,229,390$4,043,069$4,718,809
56$5,386,636$4,413,241$4,155,123$5,010,858
57$5,911,947$4,605,365$4,270,194$5,325,986
58$6,490,080$4,806,142$4,388,360$5,666,293
59$7,126,399$5,015,974$4,509,701$6,034,084
60$7,826,814$5,235,278$4,634,298$6,431,892
61$8,597,837$5,464,495$4,762,235$6,862,491
62$9,446,644$5,704,083$4,893,598$7,328,932
63$10,381,142$5,954,523$5,028,473$7,834,563
64$11,410,043$6,216,320$5,166,952$8,383,060
65$12,542,948$6,490,000$5,309,126$8,978,463
66$13,790,435$6,776,117$5,455,088$9,625,209
67$15,164,162$7,075,249$5,604,935$10,328,174
68$16,676,972$7,388,002$5,758,767$11,092,717
69$18,343,020$7,715,011$5,916,682$11,924,727
70$20,177,902$8,056,940$6,078,785$12,830,679
71$22,198,805$8,414,487$6,245,181$13,817,691
72$24,424,667$8,788,381$6,415,979$14,893,590
73$26,876,357$9,179,385$6,591,288$16,066,981
74$29,576,871$9,588,300$6,771,221$17,347,330
75$32,551,549$10,015,965$6,955,895$18,745,049
76$35,828,317$10,463,257$7,145,427$20,271,588
77$39,437,945$10,931,097$7,339,939$21,939,548
78$43,414,342$11,420,447$7,539,553$23,762,787
79$47,794,874$11,932,318$7,744,398$25,756,558
80$52,620,717$12,467,767$7,954,601$27,937,643
81$57,937,245$13,027,902$8,170,294$30,324,508
82$63,794,459$13,613,885$8,391,614$32,937,480
83$70,247,458$14,226,930$8,618,698$35,798,927
84$77,356,962$14,868,312$8,851,687$38,933,472
85$85,189,879$15,539,366$9,090,726$42,368,218
86$93,819,943$16,241,491$9,335,961$46,133,000
87$103,328,405$16,976,152$9,587,544$50,260,663
88$113,804,803$17,744,885$9,845,627$54,787,368
89$125,347,806$18,549,297$10,110,369$59,752,927
90$138,066,146$19,391,076$10,381,930$65,201,175
91$152,079,641$20,271,987$10,660,473$71,180,378
92$167,520,331$21,193,881$10,946,165$77,743,684
93$184,533,721$22,158,698$11,239,178$84,949,618
94$203,280,157$23,168,470$11,539,687$92,862,630
95$223,936,334$24,225,327$11,847,868$101,553,696
96$246,696,972$25,331,500$12,163,903$111,100,981
97$271,776,648$26,489,328$12,487,979$121,590,573
98$299,411,824$27,701,262$12,820,283$133,117,283
99$329,863,076$28,969,871$13,161,009$145,785,540
100$363,417,561$30,297,845$13,510,354$159,710,364