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%18.4%
1 years$313,800$311,005$308,278$305,616$303,017$292,732
2 years$155,347$152,454$149,650$146,931$144,294$134,035
3 years$102,536$99,630$96,833$94,140$91,546$81,635
4 years$76,135$73,239$70,470$67,823$65,291$55,805
5 years$60,299$57,420$54,687$52,094$49,633$40,596
6 years$49,745$46,888$44,196$41,660$39,273$30,692
7 years$42,210$39,376$36,727$34,251$31,940$23,814
8 years$36,561$33,753$31,147$28,732$26,497$18,820
9 years$32,169$29,388$26,827$24,474$22,314$15,077
10 years$28,658$25,904$23,388$21,097$19,013$12,203
11 years$25,787$23,061$20,591$18,360$16,352$9,956
12 years$23,397$20,698$18,274$16,104$14,170$8,174
13 years$21,376$18,705$16,326$14,218$12,357$6,745
14 years$19,645$17,002$14,669$12,621$10,832$5,588
15 years$18,146$15,532$13,244$11,256$9,537$4,644
16 years$16,835$14,250$12,008$10,078$8,429$3,871
17 years$15,681$13,124$10,927$9,055$7,474$3,233
18 years$14,655$12,127$9,975$8,161$6,645$2,705
19 years$13,739$11,239$9,131$7,374$5,923$2,267
20 years$12,915$10,444$8,380$6,678$5,291$1,903
21 years$12,171$9,728$7,708$6,061$4,734$1,598
22 years$11,495$9,081$7,104$5,511$4,244$1,344
23 years$10,879$8,493$6,560$5,019$3,809$1,130
24 years$10,315$7,958$6,067$4,578$3,424$952
25 years$9,797$7,468$5,619$4,180$3,081$802
26 years$9,320$7,019$5,211$3,822$2,775$675
27 years$8,878$6,605$4,839$3,499$2,502$569
28 years$8,469$6,224$4,499$3,206$2,258$480
29 years$8,089$5,872$4,186$2,940$2,039$405
30 years$7,735$5,545$3,899$2,698$1,842$342
31 years$7,405$5,242$3,635$2,478$1,665$288
32 years$7,095$4,960$3,392$2,277$1,507$243
33 years$6,805$4,697$3,167$2,094$1,363$205
34 years$6,533$4,452$2,959$1,927$1,234$173
35 years$6,277$4,223$2,766$1,774$1,118$146
36 years$6,035$4,008$2,588$1,633$1,013$123
37 years$5,807$3,807$2,422$1,505$918$104
38 years$5,592$3,618$2,268$1,387$832$88
39 years$5,388$3,440$2,125$1,279$755$74
40 years$5,195$3,273$1,992$1,180$685$63
41 years$5,012$3,115$1,868$1,088$621$53
42 years$4,838$2,967$1,752$1,005$564$45
43 years$4,672$2,827$1,644$927$512$38
44 years$4,515$2,695$1,543$856$464$32
45 years$4,365$2,570$1,449$791$421$27
46 years$4,222$2,451$1,361$730$383$23
47 years$4,085$2,339$1,279$675$348$19
48 years$3,954$2,233$1,202$624$316$16
49 years$3,830$2,133$1,129$576$287$14
50 years$3,710$2,037$1,062$533$260$12

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 $6,999 every year, while hoping to spend $48,085 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: 38/39/23 Blend
52$3,800,000$3,800,000$3,800,000$3,800,000
53$4,194,819$3,993,419$3,934,519$4,325,152
54$4,571,529$4,137,935$4,015,164$4,565,024
55$4,985,051$4,287,920$4,096,898$4,819,085
56$5,439,090$4,443,592$4,179,708$5,092,699
57$5,937,727$4,605,177$4,263,578$5,387,662
58$6,485,456$4,772,912$4,348,488$5,705,951
59$7,087,228$4,947,040$4,434,418$6,049,732
60$7,748,499$5,127,819$4,521,345$6,421,391
61$8,475,279$5,315,515$4,609,243$6,823,547
62$9,274,188$5,510,406$4,698,083$7,259,079
63$10,152,520$5,712,781$4,787,834$7,731,153
64$11,118,312$5,922,942$4,878,461$8,243,248
65$12,180,417$6,141,203$4,969,927$8,799,194
66$13,348,589$6,367,892$5,062,189$9,403,199
67$14,633,577$6,603,350$5,155,205$10,059,892
68$16,047,222$6,847,935$5,248,924$10,774,368
69$17,602,571$7,102,015$5,343,295$11,552,228
70$19,313,999$7,365,980$5,438,261$12,399,639
71$21,197,346$7,640,232$5,533,762$13,323,383
72$23,270,063$7,925,192$5,629,731$14,330,925
73$25,551,381$8,221,298$5,726,099$15,430,482
74$28,062,489$8,529,008$5,822,790$16,631,095
75$30,826,733$8,848,799$5,919,723$17,942,718
76$33,869,838$9,181,169$6,016,813$19,376,306
77$37,220,152$9,526,637$6,113,966$20,943,921
78$40,908,909$9,885,744$6,211,086$22,658,840
79$44,970,527$10,259,054$6,308,066$24,535,683
80$49,442,931$10,647,158$6,404,796$26,590,546
81$54,367,909$11,050,668$6,501,157$28,841,153
82$59,791,513$11,470,228$6,597,022$31,307,019
83$65,764,483$11,906,505$6,692,259$34,009,636
84$72,342,735$12,360,198$6,786,724$36,972,670
85$79,587,883$12,832,036$6,880,267$40,222,185
86$87,567,820$13,322,779$6,972,729$43,786,886
87$96,357,363$13,833,221$7,063,941$47,698,389
88$106,038,954$14,364,189$7,153,724$51,991,512
89$116,703,442$14,916,549$7,241,888$56,704,609
90$128,450,936$15,491,202$7,328,234$61,879,924
91$141,391,752$16,089,092$7,412,550$67,563,988
92$155,647,454$16,711,201$7,494,614$73,808,057
93$171,352,000$17,358,556$7,574,190$80,668,591
94$188,653,009$18,032,229$7,651,030$88,207,787
95$207,713,148$18,733,341$7,724,871$96,494,161
96$228,711,673$19,463,059$7,795,439$105,603,189
97$251,846,119$20,222,604$7,862,441$115,618,023
98$277,334,163$21,013,252$7,925,573$126,630,266
99$305,415,680$21,836,333$7,984,511$138,740,836
100$336,355,004$22,693,238$8,038,917$152,060,915