Can I retire at age 53 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$355,090$351,927$348,841$345,829$342,888$329,674
2 years$175,787$172,513$169,340$166,264$163,280$150,125
3 years$116,027$112,739$109,574$106,527$103,592$90,909
4 years$86,153$82,875$79,742$76,747$73,882$61,769
5 years$68,234$64,975$61,883$58,949$56,164$44,651
6 years$56,291$53,057$50,011$47,142$44,441$33,536
7 years$47,764$44,557$41,559$38,758$36,142$25,842
8 years$41,371$38,194$35,245$32,513$29,984$20,278
9 years$36,402$33,255$30,357$27,694$25,250$16,126
10 years$32,429$29,312$26,466$23,872$21,515$12,953
11 years$29,181$26,095$23,300$20,776$18,503$10,486
12 years$26,475$23,422$20,678$18,223$16,035$8,540
13 years$24,188$21,166$18,475$16,089$13,982$6,989
14 years$22,229$19,239$16,600$14,282$12,257$5,742
15 years$20,533$17,576$14,987$12,737$10,792$4,732
16 years$19,051$16,125$13,588$11,404$9,538$3,910
17 years$17,744$14,851$12,365$10,247$8,457$3,237
18 years$16,583$13,723$11,287$9,234$7,520$2,684
19 years$15,546$12,718$10,333$8,344$6,702$2,229
20 years$14,614$11,818$9,483$7,557$5,987$1,854
21 years$13,772$11,008$8,723$6,859$5,357$1,543
22 years$13,007$10,276$8,039$6,236$4,802$1,285
23 years$12,310$9,611$7,423$5,679$4,311$1,071
24 years$11,672$9,005$6,865$5,180$3,875$893
25 years$11,086$8,450$6,358$4,731$3,487$745
26 years$10,546$7,942$5,897$4,325$3,141$622
27 years$10,047$7,474$5,476$3,959$2,831$519
28 years$9,584$7,043$5,090$3,627$2,555$433
29 years$9,154$6,644$4,737$3,326$2,307$362
30 years$8,753$6,275$4,412$3,053$2,085$302
31 years$8,379$5,932$4,114$2,804$1,885$253
32 years$8,029$5,613$3,838$2,577$1,705$211
33 years$7,701$5,315$3,584$2,369$1,543$176
34 years$7,393$5,038$3,348$2,180$1,397$147
35 years$7,103$4,778$3,130$2,007$1,265$123
36 years$6,829$4,535$2,928$1,848$1,146$103
37 years$6,572$4,307$2,741$1,703$1,039$86
38 years$6,328$4,094$2,567$1,570$942$72
39 years$6,097$3,893$2,405$1,447$854$60
40 years$5,879$3,704$2,254$1,335$775$50
41 years$5,671$3,525$2,114$1,232$703$42
42 years$5,475$3,357$1,983$1,137$638$35
43 years$5,287$3,199$1,860$1,049$579$29
44 years$5,109$3,049$1,746$969$525$25
45 years$4,939$2,908$1,640$895$477$21
46 years$4,777$2,774$1,540$826$433$17
47 years$4,623$2,647$1,447$764$393$14
48 years$4,475$2,527$1,360$706$357$12
49 years$4,334$2,413$1,278$652$324$10
50 years$4,198$2,305$1,202$603$295$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,300,000, adding $6,003 every year, while hoping to spend $46,607 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: 64/18/18 Blend
52$4,300,000$4,300,000$4,300,000$4,300,000
53$4,744,792$4,516,892$4,450,242$5,026,669
54$5,179,171$4,688,630$4,549,736$5,388,434
55$5,656,295$4,867,222$4,651,000$5,777,625
56$6,180,475$5,052,953$4,754,046$6,201,687
57$6,756,458$5,246,123$4,858,882$6,664,026
58$7,389,478$5,447,043$4,965,515$7,168,395
59$8,085,297$5,656,041$5,073,952$7,718,919
60$8,850,265$5,873,455$5,184,198$8,320,144
61$9,691,379$6,099,641$5,296,255$8,977,069
62$10,616,346$6,334,969$5,410,126$9,695,203
63$11,633,657$6,579,827$5,525,809$10,480,608
64$12,752,669$6,834,617$5,643,302$11,339,957
65$13,983,690$7,099,762$5,762,602$12,280,600
66$15,338,078$7,375,703$5,883,701$13,310,630
67$16,828,347$7,662,897$6,006,590$14,438,958
68$18,468,286$7,961,827$6,131,258$15,675,397
69$20,273,088$8,272,993$6,257,692$17,030,756
70$22,259,492$8,596,918$6,385,873$18,516,935
71$24,445,943$8,934,150$6,515,783$20,147,044
72$26,852,766$9,285,260$6,647,398$21,935,521
73$29,502,354$9,650,845$6,780,693$23,898,268
74$32,419,385$10,031,527$6,915,637$26,052,802
75$35,631,049$10,427,958$7,052,197$28,418,415
76$39,167,306$10,840,818$7,190,336$31,016,360
77$43,061,171$11,270,817$7,330,012$33,870,050
78$47,349,022$11,718,699$7,471,179$37,005,271
79$52,070,946$12,185,239$7,613,787$40,450,435
80$57,271,114$12,671,248$7,757,781$44,236,836
81$62,998,201$13,177,572$7,903,099$48,398,954
82$69,305,842$13,705,098$8,049,678$52,974,772
83$76,253,140$14,254,749$8,197,444$58,006,134
84$83,905,222$14,827,494$8,346,320$63,539,144
85$92,333,856$15,424,342$8,496,223$69,624,591
86$101,618,125$16,046,351$8,647,062$76,318,436
87$111,845,175$16,694,623$8,798,740$83,682,331
88$123,111,037$17,370,315$8,951,153$91,784,204
89$135,521,534$18,074,631$9,104,187$100,698,897
90$149,193,276$18,808,833$9,257,723$110,508,868
91$164,254,765$19,574,241$9,411,631$121,304,973
92$180,847,605$20,372,232$9,565,775$133,187,317
93$199,127,838$21,204,249$9,720,006$146,266,200
94$219,267,419$22,071,799$9,874,167$160,663,152
95$241,455,836$22,976,458$10,028,092$176,512,085
96$265,901,901$23,919,874$10,181,603$193,960,545
97$292,835,718$24,903,770$10,334,510$213,171,112
98$322,510,856$25,929,950$10,486,611$234,322,928
99$355,206,745$27,000,299$10,637,694$257,613,383
100$391,231,307$28,116,788$10,787,531$283,259,981