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

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$346,832$343,743$340,729$337,787$334,914$321,626
2 years$171,699$168,501$165,402$162,397$159,483$146,260
3 years$113,329$110,117$107,026$104,050$101,182$88,441
4 years$84,150$80,948$77,888$74,962$72,164$60,002
5 years$66,647$63,464$60,444$57,578$54,858$43,305
6 years$54,982$51,823$48,848$46,046$43,407$32,471
7 years$46,653$43,521$40,593$37,857$35,302$24,979
8 years$40,409$37,306$34,426$31,757$29,286$19,566
9 years$35,556$32,481$29,651$27,050$24,663$15,530
10 years$31,675$28,631$25,850$23,317$21,014$12,451
11 years$28,502$25,488$22,758$20,293$18,073$10,060
12 years$25,860$22,877$20,197$17,800$15,662$8,177
13 years$23,626$20,674$18,045$15,714$13,657$6,678
14 years$21,712$18,792$16,214$13,950$11,972$5,475
15 years$20,056$17,167$14,639$12,441$10,541$4,502
16 years$18,608$15,750$13,272$11,139$9,316$3,712
17 years$17,331$14,505$12,077$10,008$8,260$3,066
18 years$16,198$13,404$11,025$9,020$7,345$2,537
19 years$15,185$12,422$10,093$8,150$6,547$2,102
20 years$14,274$11,543$9,263$7,381$5,847$1,744
21 years$13,452$10,752$8,520$6,699$5,233$1,448
22 years$12,705$10,037$7,852$6,091$4,690$1,203
23 years$12,024$9,387$7,250$5,547$4,210$1,000
24 years$11,401$8,795$6,705$5,059$3,784$832
25 years$10,828$8,254$6,210$4,621$3,405$692
26 years$10,301$7,757$5,760$4,225$3,067$577
27 years$9,813$7,301$5,348$3,867$2,766$480
28 years$9,361$6,879$4,972$3,543$2,495$400
29 years$8,941$6,490$4,627$3,249$2,253$333
30 years$8,549$6,129$4,310$2,982$2,036$278
31 years$8,184$5,794$4,018$2,739$1,841$231
32 years$7,842$5,482$3,749$2,517$1,665$193
33 years$7,522$5,192$3,500$2,314$1,507$161
34 years$7,221$4,921$3,270$2,129$1,364$134
35 years$6,937$4,667$3,058$1,960$1,236$112
36 years$6,671$4,430$2,860$1,805$1,120$93
37 years$6,419$4,207$2,677$1,663$1,015$78
38 years$6,181$3,998$2,507$1,533$920$65
39 years$5,956$3,802$2,349$1,414$834$54
40 years$5,742$3,617$2,202$1,304$757$45
41 years$5,540$3,443$2,064$1,203$687$38
42 years$5,347$3,279$1,937$1,110$623$31
43 years$5,164$3,125$1,817$1,025$565$26
44 years$4,990$2,978$1,706$946$513$22
45 years$4,824$2,840$1,602$874$466$18
46 years$4,666$2,709$1,504$807$423$15
47 years$4,515$2,586$1,413$746$384$13
48 years$4,371$2,468$1,328$689$349$11
49 years$4,233$2,357$1,248$637$317$9
50 years$4,101$2,252$1,174$589$288$7

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 $5,179 every year, while hoping to spend $23,027 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: 73/15/12 Blend
52$4,200,000$4,200,000$4,200,000$4,200,000
53$4,633,742$4,411,142$4,346,042$4,960,291
54$5,081,883$4,602,788$4,467,134$5,368,537
55$5,574,963$4,803,052$4,591,511$5,812,203
56$6,117,541$5,012,333$4,719,258$6,297,527
57$6,714,641$5,231,048$4,850,463$6,828,627
58$7,371,797$5,459,633$4,985,217$7,410,037
59$8,095,110$5,698,544$5,123,612$8,046,744
60$8,891,300$5,948,261$5,265,741$8,744,244
61$9,767,772$6,209,285$5,411,703$9,508,585
62$10,732,684$6,482,140$5,561,595$10,346,424
63$11,795,029$6,767,376$5,715,519$11,265,094
64$12,964,713$7,065,568$5,873,580$12,272,669
65$14,252,652$7,377,319$6,035,883$13,378,037
66$15,670,875$7,703,260$6,202,537$14,590,990
67$17,232,637$8,044,053$6,373,655$15,922,307
68$18,952,544$8,400,390$6,549,351$17,383,861
69$20,846,690$8,772,995$6,729,741$18,988,730
70$22,932,810$9,162,630$6,914,945$20,751,313
71$25,230,446$9,570,088$7,105,085$22,687,474
72$27,761,134$9,996,205$7,300,288$24,814,682
73$30,548,604$10,441,853$7,500,681$27,152,181
74$33,619,004$10,907,946$7,706,397$29,721,167
75$37,001,149$11,395,443$7,917,568$32,544,988
76$40,726,794$11,905,347$8,134,334$35,649,363
77$44,830,927$12,438,709$8,356,834$39,062,624
78$49,352,107$12,996,631$8,585,214$42,815,981
79$54,332,822$13,580,266$8,819,619$46,943,812
80$59,819,895$14,190,824$9,060,201$51,483,995
81$65,864,921$14,829,571$9,307,114$56,478,254
82$72,524,756$15,497,833$9,560,515$61,972,555
83$79,862,055$16,197,001$9,820,567$68,017,543
84$87,945,861$16,928,531$10,087,433$74,669,007
85$96,852,259$17,693,949$10,361,282$81,988,418
86$106,665,091$18,494,854$10,642,286$90,043,494
87$117,476,750$19,332,921$10,930,622$98,908,849
88$129,389,050$20,209,906$11,226,470$108,666,687
89$142,514,190$21,127,648$11,530,013$119,407,579
90$156,975,809$22,088,074$11,841,440$131,231,315
91$172,910,155$23,093,204$12,160,942$144,247,844
92$190,467,374$24,145,154$12,488,717$158,578,308
93$209,812,921$25,246,141$12,824,964$174,356,184
94$231,129,127$26,398,490$13,169,888$191,728,540
95$254,616,917$27,604,636$13,523,699$210,857,424
96$280,497,710$28,867,130$13,886,609$231,921,384
97$309,015,504$30,188,647$14,258,839$255,117,157
98$340,439,185$31,571,990$14,640,609$280,661,519
99$375,065,060$33,020,096$15,032,148$308,793,328
100$413,219,659$34,536,043$15,433,687$339,775,777