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%17.4%
1 years$338,574$335,558$332,616$329,744$326,940$317,109
2 years$167,611$164,489$161,464$158,531$155,686$145,864
3 years$110,631$107,496$104,478$101,572$98,773$89,269
4 years$82,146$79,021$76,033$73,177$70,446$61,332
5 years$65,060$61,953$59,005$56,207$53,552$44,853
6 years$53,673$50,589$47,685$44,949$42,374$34,097
7 years$45,542$42,485$39,626$36,955$34,461$26,607
8 years$39,447$36,417$33,606$31,001$28,589$21,152
9 years$34,709$31,708$28,945$26,406$24,076$17,048
10 years$30,921$27,949$25,235$22,762$20,514$13,885
11 years$27,823$24,881$22,216$19,810$17,643$11,402
12 years$25,244$22,332$19,716$17,376$15,289$9,424
13 years$23,063$20,182$17,615$15,340$13,332$7,829
14 years$21,195$18,345$15,827$13,617$11,687$6,531
15 years$19,578$16,758$14,290$12,144$10,290$5,467
16 years$18,165$15,375$12,956$10,874$9,094$4,590
17 years$16,918$14,160$11,790$9,770$8,064$3,862
18 years$15,812$13,085$10,762$8,805$7,170$3,256
19 years$14,823$12,127$9,852$7,956$6,391$2,749
20 years$13,935$11,269$9,042$7,206$5,708$2,324
21 years$13,132$10,496$8,317$6,540$5,108$1,968
22 years$12,402$9,798$7,665$5,946$4,579$1,667
23 years$11,738$9,164$7,078$5,415$4,110$1,414
24 years$11,129$8,586$6,546$4,939$3,694$1,200
25 years$10,570$8,057$6,062$4,510$3,324$1,019
26 years$10,055$7,573$5,623$4,124$2,994$865
27 years$9,579$7,127$5,221$3,775$2,700$735
28 years$9,138$6,716$4,854$3,459$2,436$625
29 years$8,728$6,335$4,517$3,172$2,200$532
30 years$8,346$5,983$4,207$2,911$1,988$452
31 years$7,989$5,656$3,922$2,673$1,797$385
32 years$7,655$5,352$3,660$2,457$1,625$327
33 years$7,342$5,068$3,417$2,259$1,471$279
34 years$7,049$4,803$3,193$2,079$1,332$237
35 years$6,772$4,556$2,985$1,914$1,206$202
36 years$6,512$4,324$2,792$1,762$1,093$172
37 years$6,266$4,107$2,614$1,624$991$146
38 years$6,034$3,903$2,447$1,497$898$125
39 years$5,814$3,712$2,293$1,380$814$106
40 years$5,605$3,531$2,149$1,273$739$90
41 years$5,408$3,361$2,015$1,174$670$77
42 years$5,220$3,201$1,890$1,084$608$65
43 years$5,041$3,050$1,774$1,000$552$56
44 years$4,871$2,907$1,665$924$501$48
45 years$4,709$2,773$1,563$853$455$40
46 years$4,555$2,645$1,468$788$413$34
47 years$4,408$2,524$1,380$728$375$29
48 years$4,267$2,410$1,296$673$341$25
49 years$4,132$2,301$1,219$622$309$21
50 years$4,003$2,198$1,146$575$281$18

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 $3,260 every year, while hoping to spend $33,478 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: 44/41/15 Blend
52$4,100,000$4,100,000$4,100,000$4,100,000
53$4,521,563$4,304,263$4,240,713$4,700,817
54$4,947,142$4,479,551$4,347,156$5,001,791
55$5,415,008$4,662,307$4,456,044$5,324,211
56$5,929,439$4,852,860$4,567,421$5,672,950
57$6,495,148$5,051,557$4,681,336$6,050,452
58$7,117,328$5,258,758$4,797,836$6,459,396
59$7,801,700$5,474,842$4,916,968$6,902,728
60$8,554,568$5,700,203$5,038,781$7,383,680
61$9,382,877$5,935,256$5,163,323$7,905,806
62$10,294,279$6,180,433$5,290,643$8,473,010
63$11,297,207$6,436,185$5,420,791$9,089,582
64$12,400,949$6,702,985$5,553,815$9,760,239
65$13,615,744$6,981,329$5,689,765$10,490,164
66$14,952,869$7,271,734$5,828,691$11,285,057
67$16,424,753$7,574,740$5,970,644$12,151,184
68$18,045,089$7,890,914$6,115,673$13,095,437
69$19,828,969$8,220,849$6,263,828$14,125,395
70$21,793,017$8,565,164$6,415,159$15,249,394
71$23,955,555$8,924,507$6,569,717$16,476,605
72$26,336,771$9,299,557$6,727,552$17,817,116
73$28,958,910$9,691,024$6,888,714$19,282,026
74$31,846,484$10,099,650$7,053,251$20,883,548
75$35,026,505$10,526,212$7,221,214$22,635,121
76$38,528,736$10,971,524$7,392,652$24,551,535
77$42,385,974$11,436,436$7,567,614$26,649,065
78$46,634,361$11,921,839$7,746,146$28,945,627
79$51,313,721$12,428,665$7,928,298$31,460,940
80$56,467,940$12,957,888$8,114,115$34,216,708
81$62,145,376$13,510,531$8,303,644$37,236,827
82$68,399,319$14,087,661$8,496,930$40,547,602
83$75,288,489$14,690,396$8,694,017$44,177,994
84$82,877,597$15,319,908$8,894,949$48,159,890
85$91,237,949$15,977,420$9,099,766$52,528,397
86$100,448,122$16,664,216$9,308,511$57,322,176
87$110,594,705$17,381,638$9,521,221$62,583,795
88$121,773,118$18,131,090$9,737,935$68,360,130
89$134,088,508$18,914,046$9,958,687$74,702,805
90$147,656,745$19,732,044$10,183,513$81,668,671
91$162,605,516$20,586,697$10,412,443$89,320,339
92$179,075,526$21,479,693$10,645,508$97,726,764
93$197,221,832$22,412,799$10,882,734$106,963,896
94$217,215,299$23,387,867$11,124,147$117,115,383
95$239,244,221$24,406,834$11,369,767$128,273,363
96$263,516,091$25,471,728$11,619,613$140,539,320
97$290,259,564$26,584,675$11,873,702$154,025,042
98$319,726,613$27,747,897$12,132,045$168,853,663
99$352,194,910$28,963,726$12,394,650$185,160,824
100$387,970,442$30,234,601$12,661,523$203,095,944