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

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$313,800$311,005$308,278$305,616$303,017$295,812
2 years$155,347$152,454$149,650$146,931$144,294$137,077
3 years$102,536$99,630$96,833$94,140$91,546$84,543
4 years$76,135$73,239$70,470$67,823$65,291$58,556
5 years$60,299$57,420$54,687$52,094$49,633$43,184
6 years$49,745$46,888$44,196$41,660$39,273$33,117
7 years$42,210$39,376$36,727$34,251$31,940$26,077
8 years$36,561$33,753$31,147$28,732$26,497$20,926
9 years$32,169$29,388$26,827$24,474$22,314$17,031
10 years$28,658$25,904$23,388$21,097$19,013$14,010
11 years$25,787$23,061$20,591$18,360$16,352$11,623
12 years$23,397$20,698$18,274$16,104$14,170$9,708
13 years$21,376$18,705$16,326$14,218$12,357$8,152
14 years$19,645$17,002$14,669$12,621$10,832$6,876
15 years$18,146$15,532$13,244$11,256$9,537$5,821
16 years$16,835$14,250$12,008$10,078$8,429$4,943
17 years$15,681$13,124$10,927$9,055$7,474$4,208
18 years$14,655$12,127$9,975$8,161$6,645$3,590
19 years$13,739$11,239$9,131$7,374$5,923$3,068
20 years$12,915$10,444$8,380$6,678$5,291$2,626
21 years$12,171$9,728$7,708$6,061$4,734$2,250
22 years$11,495$9,081$7,104$5,511$4,244$1,930
23 years$10,879$8,493$6,560$5,019$3,809$1,658
24 years$10,315$7,958$6,067$4,578$3,424$1,425
25 years$9,797$7,468$5,619$4,180$3,081$1,225
26 years$9,320$7,019$5,211$3,822$2,775$1,054
27 years$8,878$6,605$4,839$3,499$2,502$908
28 years$8,469$6,224$4,499$3,206$2,258$782
29 years$8,089$5,872$4,186$2,940$2,039$674
30 years$7,735$5,545$3,899$2,698$1,842$580
31 years$7,405$5,242$3,635$2,478$1,665$500
32 years$7,095$4,960$3,392$2,277$1,507$432
33 years$6,805$4,697$3,167$2,094$1,363$372
34 years$6,533$4,452$2,959$1,927$1,234$321
35 years$6,277$4,223$2,766$1,774$1,118$277
36 years$6,035$4,008$2,588$1,633$1,013$239
37 years$5,807$3,807$2,422$1,505$918$206
38 years$5,592$3,618$2,268$1,387$832$178
39 years$5,388$3,440$2,125$1,279$755$154
40 years$5,195$3,273$1,992$1,180$685$133
41 years$5,012$3,115$1,868$1,088$621$114
42 years$4,838$2,967$1,752$1,005$564$99
43 years$4,672$2,827$1,644$927$512$85
44 years$4,515$2,695$1,543$856$464$74
45 years$4,365$2,570$1,449$791$421$64
46 years$4,222$2,451$1,361$730$383$55
47 years$4,085$2,339$1,279$675$348$47
48 years$3,954$2,233$1,202$624$316$41
49 years$3,830$2,133$1,129$576$287$35
50 years$3,710$2,037$1,062$533$260$31

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 $3,406 every year, while hoping to spend $31,885 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: 32/40/28 Blend
52$3,800,000$3,800,000$3,800,000$3,800,000
53$4,191,113$3,989,713$3,930,813$4,289,320
54$4,584,681$4,151,284$4,028,570$4,526,499
55$5,017,325$4,319,703$4,128,533$4,778,728
56$5,492,996$4,495,272$4,230,743$5,049,783
57$6,016,048$4,678,307$4,335,239$5,341,342
58$6,591,279$4,869,138$4,442,063$5,655,249
59$7,223,973$5,068,109$4,551,257$5,993,524
60$7,919,954$5,275,583$4,662,860$6,358,383
61$8,685,638$5,491,935$4,776,914$6,752,260
62$9,528,095$5,717,561$4,893,462$7,177,825
63$10,455,112$5,952,873$5,012,545$7,638,010
64$11,475,272$6,198,302$5,134,204$8,136,034
65$12,598,031$6,454,301$5,258,481$8,675,434
66$13,833,809$6,721,340$5,385,418$9,260,094
67$15,194,085$6,999,913$5,515,058$9,894,282
68$16,691,510$7,290,538$5,647,441$10,582,687
69$18,340,023$7,593,753$5,782,609$11,330,465
70$20,154,983$7,910,124$5,920,604$12,143,279
71$22,153,313$8,240,242$6,061,466$13,027,359
72$24,353,663$8,584,726$6,205,236$13,989,551
73$26,776,580$8,944,221$6,351,956$15,037,386
74$29,444,709$9,319,405$6,501,664$16,179,143
75$32,382,999$9,710,986$6,654,400$17,423,930
76$35,618,946$10,119,705$6,810,203$18,781,766
77$39,182,844$10,546,337$6,969,111$20,263,669
78$43,108,080$10,991,693$7,131,161$21,881,764
79$47,431,440$11,456,622$7,296,391$23,649,391
80$52,193,463$11,942,012$7,464,836$25,581,227
81$57,438,818$12,448,793$7,636,530$27,693,427
82$63,216,730$12,977,937$7,811,507$30,003,766
83$69,581,443$13,530,462$7,989,799$32,531,809
84$76,592,730$14,107,434$8,171,436$35,299,091
85$84,316,458$14,709,968$8,356,449$38,329,315
86$92,825,212$15,339,232$8,544,865$41,648,577
87$102,198,975$15,996,446$8,736,710$45,285,602
88$112,525,889$16,682,890$8,932,008$49,272,015
89$123,903,080$17,399,902$9,130,781$53,642,636
90$136,437,580$18,148,883$9,333,048$58,435,802
91$150,247,336$18,931,301$9,538,828$63,693,726
92$165,462,320$19,748,690$9,748,134$69,462,891
93$182,225,760$20,602,659$9,960,980$75,794,483
94$200,695,488$21,494,891$10,177,374$82,744,869
95$221,045,434$22,427,147$10,397,322$90,376,125
96$243,467,263$23,401,272$10,620,827$98,756,615
97$268,172,187$24,419,197$10,847,888$107,961,630
98$295,392,959$25,482,946$11,078,501$118,074,096
99$325,386,066$26,594,636$11,312,656$129,185,348
100$358,434,155$27,756,484$11,550,340$141,395,985