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

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 $3,900,000?

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 $2,932 every year, while hoping to spend $21,635 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: 37/49/14 Blend
52$3,900,000$3,900,000$3,900,000$3,900,000
53$4,300,824$4,094,124$4,033,674$4,441,470
54$4,716,489$4,271,717$4,145,783$4,720,189
55$5,173,826$4,457,287$4,260,922$5,018,756
56$5,677,064$4,651,201$4,379,170$5,340,779
57$6,230,860$4,853,846$4,500,609$5,688,368
58$6,840,348$5,065,624$4,625,319$6,063,834
59$7,511,183$5,286,959$4,753,387$6,469,713
60$8,249,596$5,518,293$4,884,898$6,908,786
61$9,062,454$5,760,088$5,019,941$7,384,103
62$9,957,323$6,012,831$5,158,607$7,899,013
63$10,942,538$6,277,028$5,300,989$8,457,188
64$12,027,288$6,553,213$5,447,182$9,062,662
65$13,221,692$6,841,942$5,597,284$9,719,862
66$14,536,907$7,143,798$5,751,395$10,433,651
67$15,985,221$7,459,394$5,909,616$11,209,368
68$17,580,177$7,789,369$6,072,053$12,052,881
69$19,336,701$8,134,393$6,238,812$12,970,634
70$21,271,234$8,495,168$6,410,002$13,969,710
71$23,401,900$8,872,431$6,585,736$15,057,890
72$25,748,664$9,266,951$6,766,129$16,243,730
73$28,333,531$9,679,535$6,951,298$17,536,632
74$31,180,748$10,111,029$7,141,363$18,946,936
75$34,317,032$10,562,317$7,336,447$20,486,007
76$37,771,827$11,034,328$7,536,675$22,166,347
77$41,577,576$11,528,033$7,742,177$24,001,702
78$45,770,032$12,044,449$7,953,082$26,007,191
79$50,388,592$12,584,644$8,169,527$28,199,447
80$55,476,670$13,149,733$8,391,649$30,596,765
81$61,082,108$13,740,888$8,619,587$33,219,274
82$67,257,626$14,359,335$8,853,486$36,089,122
83$74,061,319$15,006,357$9,093,492$39,230,677
84$81,557,206$15,683,301$9,339,757$42,670,756
85$89,815,834$16,391,576$9,592,432$46,438,872
86$98,914,947$17,132,661$9,851,676$50,567,504
87$108,940,212$17,908,102$10,117,648$55,092,404
88$119,986,037$18,719,522$10,390,512$60,052,922
89$132,156,455$19,568,621$10,670,436$65,492,373
90$145,566,108$20,457,178$10,957,591$71,458,444
91$160,341,331$21,387,060$11,252,150$78,003,629
92$176,621,343$22,360,221$11,554,293$85,185,724
93$194,559,559$23,378,711$11,864,201$93,068,364
94$214,325,043$24,444,677$12,182,061$101,721,612
95$236,104,099$25,560,368$12,508,062$111,222,616
96$260,102,033$26,728,142$12,842,397$121,656,328
97$286,545,088$27,950,469$13,185,266$133,116,295
98$315,682,584$29,229,938$13,536,869$145,705,533
99$347,789,266$30,569,264$13,897,412$159,537,494
100$383,167,901$31,971,288$14,267,106$174,737,119