Can I retire at age 53 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$322,058$319,190$316,391$313,659$310,991$302,492
2 years$159,435$156,466$153,588$150,798$148,091$139,590
3 years$105,234$102,252$99,381$96,617$93,955$85,719
4 years$78,139$75,166$72,324$69,607$67,010$59,101
5 years$61,886$58,931$56,127$53,465$50,940$43,381
6 years$51,055$48,122$45,359$42,757$40,307$33,105
7 years$43,321$40,412$37,693$35,153$32,780$25,935
8 years$37,523$34,641$31,967$29,489$27,194$20,703
9 years$33,016$30,161$27,533$25,118$22,902$16,757
10 years$29,412$26,586$24,004$21,652$19,513$13,709
11 years$26,466$23,668$21,133$18,843$16,782$11,308
12 years$24,013$21,243$18,755$16,528$14,543$9,389
13 years$21,938$19,197$16,756$14,592$12,682$7,837
14 years$20,161$17,450$15,055$12,953$11,117$6,570
15 years$18,623$15,941$13,593$11,552$9,788$5,527
16 years$17,278$14,625$12,324$10,343$8,651$4,663
17 years$16,093$13,469$11,214$9,294$7,670$3,943
18 years$15,041$12,446$10,237$8,375$6,820$3,342
19 years$14,100$11,535$9,372$7,568$6,079$2,837
20 years$13,255$10,719$8,601$6,854$5,430$2,411
21 years$12,491$9,984$7,911$6,221$4,859$2,052
22 years$11,797$9,320$7,291$5,656$4,355$1,748
23 years$11,165$8,717$6,732$5,151$3,910$1,491
24 years$10,586$8,167$6,226$4,698$3,514$1,272
25 years$10,055$7,664$5,767$4,290$3,162$1,086
26 years$9,565$7,203$5,348$3,923$2,848$928
27 years$9,112$6,779$4,966$3,591$2,568$793
28 years$8,692$6,388$4,617$3,290$2,317$678
29 years$8,302$6,026$4,296$3,017$2,092$580
30 years$7,939$5,691$4,002$2,769$1,891$496
31 years$7,599$5,380$3,731$2,543$1,709$424
32 years$7,282$5,091$3,481$2,337$1,546$363
33 years$6,984$4,821$3,250$2,149$1,399$311
34 years$6,705$4,569$3,037$1,977$1,267$266
35 years$6,442$4,334$2,839$1,820$1,147$228
36 years$6,194$4,113$2,656$1,676$1,040$195
37 years$5,960$3,907$2,486$1,545$942$167
38 years$5,739$3,713$2,328$1,424$854$143
39 years$5,530$3,531$2,181$1,313$775$123
40 years$5,332$3,359$2,044$1,211$703$105
41 years$5,144$3,197$1,917$1,117$637$90
42 years$4,965$3,045$1,798$1,031$578$77
43 years$4,795$2,901$1,687$952$525$66
44 years$4,634$2,766$1,584$879$477$57
45 years$4,480$2,637$1,487$812$433$48
46 years$4,333$2,516$1,397$750$393$42
47 years$4,193$2,401$1,312$693$357$36
48 years$4,059$2,292$1,233$640$324$30
49 years$3,930$2,189$1,159$591$294$26
50 years$3,808$2,091$1,090$547$267$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $3,900,000, adding $5,400 every year, while hoping to spend $30,976 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: 52/31/17 Blend
52$3,900,000$3,900,000$3,900,000$3,900,000
53$4,303,370$4,096,670$4,036,220$4,506,931
54$4,709,356$4,264,449$4,138,475$4,814,951
55$5,155,713$4,439,410$4,243,118$5,146,090
56$5,646,529$4,621,874$4,350,195$5,505,574
57$6,186,303$4,812,174$4,459,755$5,896,101
58$6,779,995$5,010,659$4,571,845$6,320,633
59$7,433,067$5,217,695$4,686,515$6,782,430
60$8,151,541$5,433,663$4,803,814$7,285,073
61$8,942,049$5,658,963$4,923,793$7,832,503
62$9,811,899$5,894,013$5,046,500$8,429,052
63$10,769,142$6,139,249$5,171,988$9,079,485
64$11,822,653$6,395,130$5,300,307$9,789,045
65$12,982,205$6,662,134$5,431,510$10,563,498
66$14,258,572$6,940,760$5,565,647$11,409,189
67$15,663,621$7,231,532$5,702,771$12,333,098
68$17,210,432$7,534,999$5,842,936$13,342,908
69$18,913,415$7,851,733$5,986,193$14,447,072
70$20,788,450$8,182,334$6,132,597$15,654,895
71$22,853,032$8,527,429$6,282,199$16,976,615
72$25,126,443$8,887,674$6,435,054$18,423,505
73$27,629,927$9,263,758$6,591,216$20,007,971
74$30,386,896$9,656,398$6,750,738$21,743,672
75$33,423,144$10,066,347$6,913,673$23,645,645
76$36,767,099$10,494,392$7,080,075$25,730,444
77$40,450,084$10,941,357$7,249,997$28,016,296
78$44,506,614$11,408,105$7,423,494$30,523,271
79$48,974,724$11,895,538$7,600,617$33,273,467
80$53,896,328$12,404,601$7,781,419$36,291,217
81$59,317,610$12,936,283$7,965,953$39,603,320
82$65,289,464$13,491,619$8,154,271$43,239,285
83$71,867,973$14,071,692$8,346,423$47,231,611
84$79,114,938$14,677,637$8,542,460$51,616,090
85$87,098,461$15,310,640$8,742,431$56,432,143
86$95,893,588$15,971,946$8,946,387$61,723,187
87$105,583,017$16,662,855$9,154,374$67,537,044
88$116,257,879$17,384,729$9,366,440$73,926,386
89$128,018,597$18,138,995$9,582,630$80,949,231
90$140,975,834$18,927,145$9,802,988$88,669,488
91$155,251,539$19,750,745$10,027,558$97,157,554
92$170,980,095$20,611,430$10,256,380$106,490,976
93$188,309,589$21,510,915$10,489,493$116,755,180
94$207,403,212$22,450,995$10,726,936$128,044,269
95$228,440,796$23,433,549$10,968,744$140,461,913
96$251,620,510$24,460,546$11,214,950$154,122,316
97$277,160,735$25,534,047$11,465,585$169,151,296
98$305,302,124$26,656,209$11,720,676$185,687,463
99$336,309,871$27,829,293$11,980,248$203,883,523
100$370,476,217$29,055,667$12,244,325$223,907,717