Can I retire at age 53 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$338,574$335,558$332,616$329,744$326,940$314,714
2 years$167,611$164,489$161,464$158,531$155,686$143,509
3 years$110,631$107,496$104,478$101,572$98,773$87,028
4 years$82,146$79,021$76,033$73,177$70,446$59,222
5 years$65,060$61,953$59,005$56,207$53,552$42,878
6 years$53,673$50,589$47,685$44,949$42,374$32,257
7 years$45,542$42,485$39,626$36,955$34,461$24,899
8 years$39,447$36,417$33,606$31,001$28,589$19,573
9 years$34,709$31,708$28,945$26,406$24,076$15,594
10 years$30,921$27,949$25,235$22,762$20,514$12,550
11 years$27,823$24,881$22,216$19,810$17,643$10,179
12 years$25,244$22,332$19,716$17,376$15,289$8,307
13 years$23,063$20,182$17,615$15,340$13,332$6,813
14 years$21,195$18,345$15,827$13,617$11,687$5,609
15 years$19,578$16,758$14,290$12,144$10,290$4,632
16 years$18,165$15,375$12,956$10,874$9,094$3,835
17 years$16,918$14,160$11,790$9,770$8,064$3,182
18 years$15,812$13,085$10,762$8,805$7,170$2,645
19 years$14,823$12,127$9,852$7,956$6,391$2,202
20 years$13,935$11,269$9,042$7,206$5,708$1,835
21 years$13,132$10,496$8,317$6,540$5,108$1,530
22 years$12,402$9,798$7,665$5,946$4,579$1,278
23 years$11,738$9,164$7,078$5,415$4,110$1,067
24 years$11,129$8,586$6,546$4,939$3,694$892
25 years$10,570$8,057$6,062$4,510$3,324$746
26 years$10,055$7,573$5,623$4,124$2,994$624
27 years$9,579$7,127$5,221$3,775$2,700$522
28 years$9,138$6,716$4,854$3,459$2,436$437
29 years$8,728$6,335$4,517$3,172$2,200$366
30 years$8,346$5,983$4,207$2,911$1,988$307
31 years$7,989$5,656$3,922$2,673$1,797$257
32 years$7,655$5,352$3,660$2,457$1,625$215
33 years$7,342$5,068$3,417$2,259$1,471$180
34 years$7,049$4,803$3,193$2,079$1,332$151
35 years$6,772$4,556$2,985$1,914$1,206$126
36 years$6,512$4,324$2,792$1,762$1,093$106
37 years$6,266$4,107$2,614$1,624$991$89
38 years$6,034$3,903$2,447$1,497$898$74
39 years$5,814$3,712$2,293$1,380$814$62
40 years$5,605$3,531$2,149$1,273$739$52
41 years$5,408$3,361$2,015$1,174$670$44
42 years$5,220$3,201$1,890$1,084$608$37
43 years$5,041$3,050$1,774$1,000$552$31
44 years$4,871$2,907$1,665$924$501$26
45 years$4,709$2,773$1,563$853$455$22
46 years$4,555$2,645$1,468$788$413$18
47 years$4,408$2,524$1,380$728$375$15
48 years$4,267$2,410$1,296$673$341$13
49 years$4,132$2,301$1,219$622$309$11
50 years$4,003$2,198$1,146$575$281$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,100,000, adding $6,470 every year, while hoping to spend $29,764 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: 36/48/16 Blend
52$4,100,000$4,100,000$4,100,000$4,100,000
53$4,524,874$4,307,574$4,244,024$4,665,411
54$4,954,742$4,486,976$4,354,530$4,947,070
55$5,427,460$4,674,172$4,467,740$5,247,649
56$5,947,365$4,869,511$4,583,715$5,571,508
57$6,519,240$5,073,361$4,702,512$5,920,739
58$7,148,351$5,286,104$4,824,195$6,297,634
59$7,840,502$5,508,142$4,948,825$6,704,707
60$8,602,088$5,739,895$5,076,465$7,144,719
61$9,440,153$5,981,803$5,207,179$7,620,695
62$10,362,462$6,234,325$5,341,033$8,135,959
63$11,377,568$6,497,941$5,478,092$8,694,156
64$12,494,896$6,773,157$5,618,425$9,299,291
65$13,724,832$7,060,497$5,762,098$9,955,759
66$15,078,817$7,360,514$5,909,180$10,668,391
67$16,569,462$7,673,784$6,059,743$11,442,489
68$18,210,659$8,000,912$6,213,857$12,283,883
69$20,017,719$8,342,529$6,371,594$13,198,975
70$22,007,510$8,699,297$6,533,026$14,194,803
71$24,198,622$9,071,908$6,698,228$15,279,103
72$26,611,536$9,461,087$6,867,274$16,460,378
73$29,268,825$9,867,592$7,040,239$17,747,977
74$32,195,359$10,292,218$7,217,201$19,152,180
75$35,418,544$10,735,795$7,398,236$20,684,290
76$38,968,581$11,199,195$7,583,422$22,356,739
77$42,878,748$11,683,327$7,772,839$24,183,202
78$47,185,717$12,189,146$7,966,565$26,178,721
79$51,929,896$12,717,650$8,164,681$28,359,842
80$57,155,815$13,269,885$8,367,268$30,744,772
81$62,912,544$13,846,946$8,574,407$33,353,542
82$69,254,155$14,449,977$8,786,181$36,208,194
83$76,240,232$15,080,180$9,002,672$39,332,985
84$83,936,437$15,738,810$9,223,963$42,754,611
85$92,415,126$16,427,184$9,450,138$46,502,453
86$101,756,032$17,146,679$9,681,280$50,608,850
87$112,047,020$17,898,738$9,917,475$55,109,401
88$123,384,911$18,684,872$10,158,807$60,043,292
89$135,876,405$19,506,663$10,405,359$65,453,664
90$149,639,077$20,365,769$10,657,217$71,388,009
91$164,802,494$21,263,923$10,914,466$77,898,617
92$181,509,438$22,202,945$11,177,190$85,043,062
93$199,917,249$23,184,737$11,445,473$92,884,736
94$220,199,312$24,211,293$11,719,400$101,493,444
95$242,546,696$25,284,701$11,999,055$110,946,051
96$267,169,956$26,407,148$12,284,520$121,327,203
97$294,301,119$27,580,925$12,575,879$132,730,118
98$324,195,874$28,808,432$12,873,212$145,257,455
99$357,135,990$30,092,182$13,176,602$159,022,276
100$393,431,971$31,434,808$13,486,127$174,149,104