Can I retire at age 53 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$330,316$327,374$324,503$321,702$318,966$309,003
2 years$163,523$160,477$157,526$154,664$151,888$141,940
3 years$107,932$104,874$101,930$99,095$96,364$86,742
4 years$80,143$77,093$74,179$71,392$68,728$59,505
5 years$63,473$60,442$57,566$54,836$52,246$43,448
6 years$52,364$49,356$46,522$43,853$41,340$32,975
7 years$44,431$41,449$38,660$36,054$33,621$25,687
8 years$38,485$35,529$32,787$30,245$27,892$20,385
9 years$33,863$30,935$28,239$25,762$23,489$16,400
10 years$30,167$27,267$24,619$22,207$20,014$13,332
11 years$27,145$24,274$21,675$19,327$17,212$10,927
12 years$24,628$21,787$19,236$16,952$14,916$9,013
13 years$22,501$19,689$17,186$14,966$13,007$7,472
14 years$20,678$17,897$15,441$13,285$11,402$6,221
15 years$19,101$16,349$13,942$11,848$10,039$5,196
16 years$17,722$15,000$12,640$10,609$8,873$4,353
17 years$16,506$13,815$11,502$9,532$7,867$3,654
18 years$15,426$12,765$10,500$8,590$6,995$3,074
19 years$14,462$11,831$9,612$7,762$6,235$2,590
20 years$13,595$10,994$8,821$7,030$5,569$2,185
21 years$12,811$10,240$8,114$6,380$4,984$1,845
22 years$12,100$9,559$7,478$5,801$4,467$1,560
23 years$11,451$8,940$6,905$5,283$4,010$1,320
24 years$10,858$8,376$6,386$4,818$3,604$1,117
25 years$10,313$7,861$5,915$4,400$3,243$946
26 years$9,810$7,388$5,486$4,024$2,921$802
27 years$9,346$6,953$5,094$3,683$2,634$680
28 years$8,915$6,552$4,735$3,374$2,377$576
29 years$8,515$6,181$4,407$3,094$2,146$489
30 years$8,142$5,837$4,105$2,840$1,939$415
31 years$7,794$5,518$3,827$2,608$1,753$352
32 years$7,469$5,221$3,570$2,397$1,586$299
33 years$7,163$4,945$3,334$2,204$1,435$254
34 years$6,877$4,686$3,115$2,028$1,299$215
35 years$6,607$4,445$2,912$1,867$1,177$183
36 years$6,353$4,219$2,724$1,719$1,066$155
37 years$6,113$4,007$2,550$1,584$966$132
38 years$5,886$3,808$2,388$1,460$876$112
39 years$5,672$3,621$2,237$1,346$795$95
40 years$5,469$3,445$2,097$1,242$721$81
41 years$5,276$3,279$1,966$1,146$654$69
42 years$5,093$3,123$1,844$1,057$593$58
43 years$4,918$2,976$1,731$976$538$50
44 years$4,753$2,837$1,624$901$489$42
45 years$4,595$2,705$1,525$832$444$36
46 years$4,444$2,580$1,433$769$403$30
47 years$4,300$2,462$1,346$710$366$26
48 years$4,163$2,351$1,265$656$332$22
49 years$4,031$2,245$1,189$607$302$19
50 years$3,905$2,144$1,118$561$274$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,000,000, adding $2,671 every year, while hoping to spend $59,696 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: 73/9/18 Blend
52$4,000,000$4,000,000$4,000,000$4,000,000
53$4,410,755$4,198,755$4,136,755$4,714,007
54$4,797,136$4,340,978$4,211,820$5,057,853
55$5,220,927$4,488,169$4,287,399$5,426,902
56$5,685,881$4,640,509$4,363,447$5,829,644
57$6,196,132$4,798,184$4,439,913$6,269,412
58$6,756,232$4,961,390$4,516,745$6,749,878
59$7,371,197$5,130,328$4,593,885$7,275,085
60$8,046,553$5,305,207$4,671,274$7,849,487
61$8,788,384$5,486,246$4,748,845$8,477,988
62$9,603,397$5,673,670$4,826,529$9,165,990
63$10,498,977$5,867,713$4,904,251$9,919,444
64$11,483,261$6,068,619$4,981,932$10,744,904
65$12,565,214$6,276,642$5,059,487$11,649,591
66$13,754,711$6,492,043$5,136,825$12,641,456
67$15,062,635$6,715,096$5,213,852$13,729,263
68$16,500,973$6,946,085$5,290,465$14,922,662
69$18,082,932$7,185,303$5,366,556$16,232,287
70$19,823,065$7,433,057$5,442,009$17,669,852
71$21,737,406$7,689,665$5,516,705$19,248,264
72$23,843,620$7,955,457$5,590,513$20,981,740
73$26,161,171$8,230,776$5,663,296$22,885,947
74$28,711,505$8,515,979$5,734,912$24,978,144
75$31,518,253$8,811,436$5,805,206$27,277,347
76$34,607,452$9,117,534$5,874,018$29,804,510
77$38,007,791$9,434,672$5,941,176$32,582,717
78$41,750,881$9,763,267$6,006,501$35,637,405
79$45,871,555$10,103,751$6,069,803$38,996,601
80$50,408,194$10,456,574$6,130,881$42,691,186
81$55,403,088$10,822,205$6,189,524$46,755,188
82$60,902,839$11,201,129$6,245,509$51,226,099
83$66,958,797$11,593,852$6,298,602$56,145,234
84$73,627,544$12,000,901$6,348,555$61,558,114
85$80,971,431$12,422,822$6,395,109$67,514,902
86$89,059,161$12,860,185$6,437,989$74,070,870
87$97,966,441$13,313,580$6,476,908$81,286,924
88$107,776,697$13,783,624$6,511,563$89,230,179
89$118,581,856$14,270,957$6,541,636$97,974,588
90$130,483,217$14,776,246$6,566,792$107,601,644
91$143,592,405$15,300,182$6,586,681$118,201,145
92$158,032,428$15,843,489$6,600,932$129,872,046
93$173,938,832$16,406,916$6,609,159$142,723,387
94$191,460,983$16,991,244$6,610,956$156,875,327
95$210,763,475$17,597,287$6,605,895$172,460,272
96$232,027,685$18,225,891$6,593,528$189,624,130
97$255,453,485$18,877,935$6,573,387$208,527,687
98$281,261,124$19,554,337$6,544,979$229,348,119
99$309,693,311$20,256,052$6,507,788$252,280,671
100$341,017,502$20,984,072$6,461,273$277,540,495