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%18.5%
1 years$338,574$335,558$332,616$329,744$326,940$315,717
2 years$167,611$164,489$161,464$158,531$155,686$144,493
3 years$110,631$107,496$104,478$101,572$98,773$87,962
4 years$82,146$79,021$76,033$73,177$70,446$60,099
5 years$65,060$61,953$59,005$56,207$53,552$43,697
6 years$53,673$50,589$47,685$44,949$42,374$33,019
7 years$45,542$42,485$39,626$36,955$34,461$25,604
8 years$39,447$36,417$33,606$31,001$28,589$20,223
9 years$34,709$31,708$28,945$26,406$24,076$16,191
10 years$30,921$27,949$25,235$22,762$20,514$13,096
11 years$27,823$24,881$22,216$19,810$17,643$10,678
12 years$25,244$22,332$19,716$17,376$15,289$8,761
13 years$23,063$20,182$17,615$15,340$13,332$7,224
14 years$21,195$18,345$15,827$13,617$11,687$5,981
15 years$19,578$16,758$14,290$12,144$10,290$4,968
16 years$18,165$15,375$12,956$10,874$9,094$4,137
17 years$16,918$14,160$11,790$9,770$8,064$3,453
18 years$15,812$13,085$10,762$8,805$7,170$2,887
19 years$14,823$12,127$9,852$7,956$6,391$2,418
20 years$13,935$11,269$9,042$7,206$5,708$2,027
21 years$13,132$10,496$8,317$6,540$5,108$1,702
22 years$12,402$9,798$7,665$5,946$4,579$1,429
23 years$11,738$9,164$7,078$5,415$4,110$1,202
24 years$11,129$8,586$6,546$4,939$3,694$1,011
25 years$10,570$8,057$6,062$4,510$3,324$851
26 years$10,055$7,573$5,623$4,124$2,994$716
27 years$9,579$7,127$5,221$3,775$2,700$603
28 years$9,138$6,716$4,854$3,459$2,436$508
29 years$8,728$6,335$4,517$3,172$2,200$428
30 years$8,346$5,983$4,207$2,911$1,988$361
31 years$7,989$5,656$3,922$2,673$1,797$304
32 years$7,655$5,352$3,660$2,457$1,625$257
33 years$7,342$5,068$3,417$2,259$1,471$216
34 years$7,049$4,803$3,193$2,079$1,332$183
35 years$6,772$4,556$2,985$1,914$1,206$154
36 years$6,512$4,324$2,792$1,762$1,093$130
37 years$6,266$4,107$2,614$1,624$991$110
38 years$6,034$3,903$2,447$1,497$898$92
39 years$5,814$3,712$2,293$1,380$814$78
40 years$5,605$3,531$2,149$1,273$739$66
41 years$5,408$3,361$2,015$1,174$670$56
42 years$5,220$3,201$1,890$1,084$608$47
43 years$5,041$3,050$1,774$1,000$552$40
44 years$4,871$2,907$1,665$924$501$33
45 years$4,709$2,773$1,563$853$455$28
46 years$4,555$2,645$1,468$788$413$24
47 years$4,408$2,524$1,380$728$375$20
48 years$4,267$2,410$1,296$673$341$17
49 years$4,132$2,301$1,219$622$309$14
50 years$4,003$2,198$1,146$575$281$12

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 $6,636 every year, while hoping to spend $35,445 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: 65/12/23 Blend
52$4,100,000$4,100,000$4,100,000$4,100,000
53$4,525,045$4,307,745$4,244,195$4,791,868
54$4,948,886$4,481,111$4,348,662$5,145,681
55$5,414,772$4,661,785$4,455,441$5,527,615
56$5,926,952$4,850,086$4,564,572$5,944,231
57$6,490,110$5,046,349$4,676,095$6,398,938
58$7,109,407$5,250,926$4,790,050$6,895,484
59$7,790,528$5,464,182$4,906,477$7,437,998
60$8,539,735$5,686,501$5,025,418$8,031,025
61$9,363,931$5,918,282$5,146,912$8,679,567
62$10,270,718$6,159,944$5,271,000$9,389,133
63$11,268,475$6,411,925$5,397,722$10,165,790
64$12,366,434$6,674,683$5,527,120$11,016,218
65$13,574,763$6,948,697$5,659,232$11,947,770
66$14,904,672$7,234,466$5,794,099$12,968,549
67$16,368,508$7,532,513$5,931,760$14,087,473
68$17,979,877$7,843,388$6,072,256$15,314,368
69$19,753,772$8,167,661$6,215,624$16,660,054
70$21,706,712$8,505,932$6,361,903$18,136,449
71$23,856,901$8,858,828$6,511,131$19,756,680
72$26,224,397$9,227,002$6,663,346$21,535,206
73$28,831,301$9,611,141$6,818,583$23,487,954
74$31,701,968$10,011,961$6,976,880$25,632,467
75$34,863,234$10,430,212$7,138,271$27,988,071
76$38,344,670$10,866,679$7,302,789$30,576,055
77$42,178,863$11,322,183$7,470,469$33,419,872
78$46,401,719$11,797,582$7,641,342$36,545,358
79$51,052,806$12,293,774$7,815,438$39,980,975
80$56,175,724$12,811,701$7,992,787$43,758,081
81$61,818,518$13,352,345$8,173,416$47,911,220
82$68,034,134$13,916,737$8,357,352$52,478,453
83$74,880,911$14,505,952$8,544,619$57,501,710
84$82,423,139$15,121,119$8,735,239$63,027,190
85$90,731,662$15,763,417$8,929,233$69,105,791
86$99,884,548$16,434,080$9,126,618$75,793,594
87$109,967,823$17,134,401$9,327,411$83,152,386
88$121,076,286$17,865,732$9,531,624$91,250,244
89$133,314,402$18,629,488$9,739,269$100,162,179
90$146,797,289$19,427,151$9,950,352$109,970,837
91$161,651,802$20,260,271$10,164,878$120,767,282
92$178,017,732$21,130,471$10,382,848$132,651,850
93$196,049,127$22,039,450$10,604,260$145,735,100
94$215,915,743$22,988,988$10,829,107$160,138,850
95$237,804,646$23,980,945$11,057,379$175,997,328
96$261,921,980$25,017,272$11,289,062$193,458,438
97$288,494,911$26,100,008$11,524,135$212,685,151
98$317,773,774$27,231,290$11,762,576$233,857,045
99$350,034,431$28,413,355$12,004,354$257,171,995
100$385,580,879$29,648,545$12,249,435$282,848,041