Can I retire at age 53 with 4,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$346,832$343,743$340,729$337,787$334,914$331,831
2 years$171,699$168,501$165,402$162,397$159,483$156,376
3 years$113,329$110,117$107,026$104,050$101,182$98,149
4 years$84,150$80,948$77,888$74,962$72,164$69,227
5 years$66,647$63,464$60,444$57,578$54,858$52,026
6 years$54,982$51,823$48,848$46,046$43,407$40,684
7 years$46,653$43,521$40,593$37,857$35,302$32,688
8 years$40,409$37,306$34,426$31,757$29,286$26,783
9 years$35,556$32,481$29,651$27,050$24,663$22,268
10 years$31,675$28,631$25,850$23,317$21,014$18,727
11 years$28,502$25,488$22,758$20,293$18,073$15,891
12 years$25,860$22,877$20,197$17,800$15,662$13,584
13 years$23,626$20,674$18,045$15,714$13,657$11,681
14 years$21,712$18,792$16,214$13,950$11,972$10,094
15 years$20,056$17,167$14,639$12,441$10,541$8,759
16 years$18,608$15,750$13,272$11,139$9,316$7,627
17 years$17,331$14,505$12,077$10,008$8,260$6,661
18 years$16,198$13,404$11,025$9,020$7,345$5,833
19 years$15,185$12,422$10,093$8,150$6,547$5,118
20 years$14,274$11,543$9,263$7,381$5,847$4,500
21 years$13,452$10,752$8,520$6,699$5,233$3,963
22 years$12,705$10,037$7,852$6,091$4,690$3,495
23 years$12,024$9,387$7,250$5,547$4,210$3,086
24 years$11,401$8,795$6,705$5,059$3,784$2,727
25 years$10,828$8,254$6,210$4,621$3,405$2,413
26 years$10,301$7,757$5,760$4,225$3,067$2,137
27 years$9,813$7,301$5,348$3,867$2,766$1,894
28 years$9,361$6,879$4,972$3,543$2,495$1,679
29 years$8,941$6,490$4,627$3,249$2,253$1,490
30 years$8,549$6,129$4,310$2,982$2,036$1,323
31 years$8,184$5,794$4,018$2,739$1,841$1,175
32 years$7,842$5,482$3,749$2,517$1,665$1,044
33 years$7,522$5,192$3,500$2,314$1,507$928
34 years$7,221$4,921$3,270$2,129$1,364$825
35 years$6,937$4,667$3,058$1,960$1,236$733
36 years$6,671$4,430$2,860$1,805$1,120$652
37 years$6,419$4,207$2,677$1,663$1,015$580
38 years$6,181$3,998$2,507$1,533$920$516
39 years$5,956$3,802$2,349$1,414$834$460
40 years$5,742$3,617$2,202$1,304$757$409
41 years$5,540$3,443$2,064$1,203$687$364
42 years$5,347$3,279$1,937$1,110$623$324
43 years$5,164$3,125$1,817$1,025$565$289
44 years$4,990$2,978$1,706$946$513$257
45 years$4,824$2,840$1,602$874$466$229
46 years$4,666$2,709$1,504$807$423$204
47 years$4,515$2,586$1,413$746$384$182
48 years$4,371$2,468$1,328$689$349$162
49 years$4,233$2,357$1,248$637$317$144
50 years$4,101$2,252$1,174$589$288$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,200,000, adding $4,964 every year, while hoping to spend $38,623 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: 38/37/25 Blend
52$4,200,000$4,200,000$4,200,000$4,200,000
53$4,633,520$4,410,920$4,345,820$4,774,861
54$5,065,045$4,585,961$4,450,311$5,053,518
55$5,539,290$4,768,284$4,557,007$5,350,531
56$6,060,574$4,958,206$4,665,943$5,670,771
57$6,633,651$5,156,056$4,777,150$6,016,367
58$7,263,761$5,362,180$4,890,662$6,389,657
59$7,956,676$5,576,939$5,006,512$6,793,205
60$8,718,758$5,800,710$5,124,730$7,229,830
61$9,557,013$6,033,886$5,245,350$7,702,627
62$10,479,161$6,276,880$5,368,402$8,214,997
63$11,493,710$6,530,121$5,493,918$8,770,678
64$12,610,031$6,794,060$5,621,927$9,373,777
65$13,838,451$7,069,166$5,752,459$10,028,809
66$15,190,350$7,355,932$5,885,543$10,740,737
67$16,678,265$7,654,871$6,021,208$11,515,019
68$18,316,009$7,966,521$6,159,480$12,357,654
69$20,118,805$8,291,444$6,300,385$13,275,242
70$22,103,425$8,630,227$6,443,950$14,275,041
71$24,288,350$8,983,483$6,590,198$15,365,035
72$26,693,944$9,351,856$6,739,152$16,554,008
73$29,342,646$9,736,018$6,890,834$17,851,621
74$32,259,183$10,136,669$7,045,263$19,268,508
75$35,470,799$10,554,545$7,202,459$20,816,367
76$39,007,518$10,990,415$7,362,438$22,508,074
77$42,902,420$11,445,081$7,525,216$24,357,798
78$47,191,961$11,919,384$7,690,805$26,381,134
79$51,916,310$12,414,203$7,859,216$28,595,247
80$57,119,732$12,930,457$8,030,458$31,019,034
81$62,851,004$13,469,109$8,204,537$33,673,295
82$69,163,875$14,031,163$8,381,457$36,580,930
83$76,117,573$14,617,674$8,561,220$39,767,151
84$83,777,367$15,229,742$8,743,822$43,259,716
85$92,215,178$15,868,518$8,929,259$47,089,188
86$101,510,260$16,535,209$9,117,523$51,289,223
87$111,749,948$17,231,076$9,308,602$55,896,879
88$123,030,482$17,957,437$9,502,479$60,952,966
89$135,457,914$18,715,675$9,699,135$66,502,426
90$149,149,112$19,507,234$9,898,547$72,594,753
91$164,232,858$20,333,625$10,100,685$79,284,455
92$180,851,068$21,196,431$10,305,516$86,631,568
93$199,160,129$22,097,309$10,513,003$94,702,212
94$219,332,376$23,037,990$10,723,102$103,569,216
95$241,557,715$24,020,289$10,935,764$113,312,797
96$266,045,423$25,046,104$11,150,932$124,021,315
97$293,026,115$26,117,422$11,368,547$135,792,097
98$322,753,925$27,236,322$11,588,540$148,732,354
99$355,508,905$28,404,981$11,810,836$162,960,188
100$391,599,666$29,625,678$12,035,352$178,605,695