Can I retire at age 53 with 3,800,000?

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$313,800$311,005$308,278$305,616$303,017$300,353
2 years$155,347$152,454$149,650$146,931$144,294$141,609
3 years$102,536$99,630$96,833$94,140$91,546$88,924
4 years$76,135$73,239$70,470$67,823$65,291$62,752
5 years$60,299$57,420$54,687$52,094$49,633$47,185
6 years$49,745$46,888$44,196$41,660$39,273$36,918
7 years$42,210$39,376$36,727$34,251$31,940$29,679
8 years$36,561$33,753$31,147$28,732$26,497$24,331
9 years$32,169$29,388$26,827$24,474$22,314$20,242
10 years$28,658$25,904$23,388$21,097$19,013$17,033
11 years$25,787$23,061$20,591$18,360$16,352$14,463
12 years$23,397$20,698$18,274$16,104$14,170$12,370
13 years$21,376$18,705$16,326$14,218$12,357$10,644
14 years$19,645$17,002$14,669$12,621$10,832$9,204
15 years$18,146$15,532$13,244$11,256$9,537$7,992
16 years$16,835$14,250$12,008$10,078$8,429$6,964
17 years$15,681$13,124$10,927$9,055$7,474$6,087
18 years$14,655$12,127$9,975$8,161$6,645$5,333
19 years$13,739$11,239$9,131$7,374$5,923$4,683
20 years$12,915$10,444$8,380$6,678$5,291$4,120
21 years$12,171$9,728$7,708$6,061$4,734$3,631
22 years$11,495$9,081$7,104$5,511$4,244$3,205
23 years$10,879$8,493$6,560$5,019$3,809$2,832
24 years$10,315$7,958$6,067$4,578$3,424$2,505
25 years$9,797$7,468$5,619$4,180$3,081$2,218
26 years$9,320$7,019$5,211$3,822$2,775$1,966
27 years$8,878$6,605$4,839$3,499$2,502$1,743
28 years$8,469$6,224$4,499$3,206$2,258$1,547
29 years$8,089$5,872$4,186$2,940$2,039$1,374
30 years$7,735$5,545$3,899$2,698$1,842$1,221
31 years$7,405$5,242$3,635$2,478$1,665$1,085
32 years$7,095$4,960$3,392$2,277$1,507$965
33 years$6,805$4,697$3,167$2,094$1,363$858
34 years$6,533$4,452$2,959$1,927$1,234$764
35 years$6,277$4,223$2,766$1,774$1,118$680
36 years$6,035$4,008$2,588$1,633$1,013$605
37 years$5,807$3,807$2,422$1,505$918$539
38 years$5,592$3,618$2,268$1,387$832$480
39 years$5,388$3,440$2,125$1,279$755$427
40 years$5,195$3,273$1,992$1,180$685$381
41 years$5,012$3,115$1,868$1,088$621$339
42 years$4,838$2,967$1,752$1,005$564$302
43 years$4,672$2,827$1,644$927$512$270
44 years$4,515$2,695$1,543$856$464$240
45 years$4,365$2,570$1,449$791$421$214
46 years$4,222$2,451$1,361$730$383$191
47 years$4,085$2,339$1,279$675$348$170
48 years$3,954$2,233$1,202$624$316$152
49 years$3,830$2,133$1,129$576$287$135
50 years$3,710$2,037$1,062$533$260$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $3,800,000, adding $5,832 every year, while hoping to spend $23,585 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: 69/12/19 Blend
52$3,800,000$3,800,000$3,800,000$3,800,000
53$4,193,616$3,992,216$3,933,316$4,463,150
54$4,596,270$4,162,740$4,039,988$4,814,303
55$5,039,205$4,340,830$4,149,442$5,195,078
56$5,526,504$4,526,830$4,261,749$5,611,145
57$6,062,666$4,721,104$4,376,976$6,065,983
58$6,652,649$4,924,029$4,495,196$6,563,425
59$7,301,916$5,136,003$4,616,482$7,107,688
60$8,016,485$5,357,440$4,740,907$7,703,415
61$8,802,988$5,588,776$4,868,549$8,355,720
62$9,668,731$5,830,465$4,999,484$9,070,230
63$10,621,768$6,082,984$5,133,793$9,853,144
64$11,670,969$6,346,831$5,271,556$10,711,287
65$12,826,112$6,622,529$5,412,856$11,652,175
66$14,097,966$6,910,625$5,557,778$12,684,082
67$15,498,403$7,211,690$5,706,408$13,816,125
68$17,040,502$7,526,324$5,858,834$15,058,341
69$18,738,674$7,855,155$6,015,146$16,421,786
70$20,608,801$8,198,840$6,175,436$17,918,635
71$22,668,383$8,558,067$6,339,798$19,562,302
72$24,936,703$8,933,557$6,508,326$21,367,557
73$27,435,010$9,326,065$6,681,118$23,350,673
74$30,186,720$9,736,381$6,858,274$25,529,574
75$33,217,634$10,165,332$7,039,895$27,924,002
76$36,556,185$10,613,786$7,226,084$30,555,707
77$40,233,704$11,082,650$7,416,946$33,448,648
78$44,284,718$11,572,875$7,612,589$36,629,218
79$48,747,270$12,085,457$7,813,122$40,126,493
80$53,663,287$12,621,440$8,018,657$43,972,504
81$59,078,967$13,181,915$8,229,307$48,202,542
82$65,045,220$13,768,027$8,445,187$52,855,484
83$71,618,147$14,380,975$8,666,415$57,974,161
84$78,859,569$15,022,015$8,893,112$63,605,764
85$86,837,613$15,692,461$9,125,398$69,802,283
86$95,627,349$16,393,691$9,363,399$76,620,999
87$105,311,506$17,127,149$9,607,240$84,125,024
88$115,981,247$17,894,347$9,857,050$92,383,892
89$127,737,033$18,696,869$10,112,960$101,474,217
90$140,689,568$19,536,373$10,375,102$111,480,412
91$154,960,848$20,414,599$10,643,612$122,495,484
92$170,685,308$21,333,368$10,918,626$134,621,912
93$188,011,094$22,294,588$11,200,285$147,972,612
94$207,101,461$23,300,258$11,488,730$162,671,999
95$228,136,312$24,352,473$11,784,104$178,857,158
96$251,313,898$25,453,427$12,086,555$196,679,143
97$276,852,691$26,605,420$12,396,229$216,304,393
98$304,993,441$27,810,861$12,713,278$237,916,302
99$336,001,453$29,072,274$13,037,854$261,716,952
100$370,169,091$30,392,305$13,370,112$287,929,014