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%17.6%
1 years$355,090$351,927$348,841$345,829$342,888$332,311
2 years$175,787$172,513$169,340$166,264$163,280$152,717
3 years$116,027$112,739$109,574$106,527$103,592$93,373
4 years$86,153$82,875$79,742$76,747$73,882$64,086
5 years$68,234$64,975$61,883$58,949$56,164$46,818
6 years$56,291$53,057$50,011$47,142$44,441$35,552
7 years$47,764$44,557$41,559$38,758$36,142$27,710
8 years$41,371$38,194$35,245$32,513$29,984$22,003
9 years$36,402$33,255$30,357$27,694$25,250$17,713
10 years$32,429$29,312$26,466$23,872$21,515$14,409
11 years$29,181$26,095$23,300$20,776$18,503$11,817
12 years$26,475$23,422$20,678$18,223$16,035$9,753
13 years$24,188$21,166$18,475$16,089$13,982$8,092
14 years$22,229$19,239$16,600$14,282$12,257$6,741
15 years$20,533$17,576$14,987$12,737$10,792$5,635
16 years$19,051$16,125$13,588$11,404$9,538$4,724
17 years$17,744$14,851$12,365$10,247$8,457$3,969
18 years$16,583$13,723$11,287$9,234$7,520$3,341
19 years$15,546$12,718$10,333$8,344$6,702$2,817
20 years$14,614$11,818$9,483$7,557$5,987$2,378
21 years$13,772$11,008$8,723$6,859$5,357$2,010
22 years$13,007$10,276$8,039$6,236$4,802$1,700
23 years$12,310$9,611$7,423$5,679$4,311$1,440
24 years$11,672$9,005$6,865$5,180$3,875$1,220
25 years$11,086$8,450$6,358$4,731$3,487$1,034
26 years$10,546$7,942$5,897$4,325$3,141$877
27 years$10,047$7,474$5,476$3,959$2,831$744
28 years$9,584$7,043$5,090$3,627$2,555$631
29 years$9,154$6,644$4,737$3,326$2,307$536
30 years$8,753$6,275$4,412$3,053$2,085$455
31 years$8,379$5,932$4,114$2,804$1,885$387
32 years$8,029$5,613$3,838$2,577$1,705$328
33 years$7,701$5,315$3,584$2,369$1,543$279
34 years$7,393$5,038$3,348$2,180$1,397$237
35 years$7,103$4,778$3,130$2,007$1,265$202
36 years$6,829$4,535$2,928$1,848$1,146$171
37 years$6,572$4,307$2,741$1,703$1,039$146
38 years$6,328$4,094$2,567$1,570$942$124
39 years$6,097$3,893$2,405$1,447$854$105
40 years$5,879$3,704$2,254$1,335$775$89
41 years$5,671$3,525$2,114$1,232$703$76
42 years$5,475$3,357$1,983$1,137$638$65
43 years$5,287$3,199$1,860$1,049$579$55
44 years$5,109$3,049$1,746$969$525$47
45 years$4,939$2,908$1,640$895$477$40
46 years$4,777$2,774$1,540$826$433$34
47 years$4,623$2,647$1,447$764$393$29
48 years$4,475$2,527$1,360$706$357$24
49 years$4,334$2,413$1,278$652$324$21
50 years$4,198$2,305$1,202$603$295$18

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 $3,799 every year, while hoping to spend $56,747 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: 72/21/7 Blend
52$4,300,000$4,300,000$4,300,000$4,300,000
53$4,742,519$4,514,619$4,447,969$5,078,880
54$5,165,877$4,675,457$4,536,597$5,462,167
55$5,630,516$4,842,274$4,626,293$5,874,231
56$6,140,587$5,015,303$4,717,032$6,323,792
57$6,700,661$5,194,787$4,808,786$6,814,528
58$7,315,775$5,380,979$4,901,528$7,350,489
59$7,991,478$5,574,140$4,995,223$7,936,134
60$8,733,882$5,774,546$5,089,835$8,576,370
61$9,549,720$5,982,481$5,185,327$9,276,600
62$10,446,410$6,198,241$5,281,654$10,042,772
63$11,432,125$6,422,136$5,378,771$10,881,435
64$12,515,869$6,654,488$5,476,627$11,799,802
65$13,707,561$6,895,631$5,575,167$12,805,811
66$15,018,131$7,145,916$5,674,334$13,908,209
67$16,459,619$7,405,704$5,774,063$15,116,625
68$18,045,293$7,675,377$5,874,287$16,441,664
69$19,789,769$7,955,326$5,974,932$17,895,005
70$21,709,153$8,245,965$6,075,920$19,489,513
71$23,821,191$8,547,722$6,177,167$21,239,356
72$26,145,434$8,861,042$6,278,584$23,160,139
73$28,703,427$9,186,391$6,380,075$25,269,052
74$31,518,906$9,524,254$6,481,537$27,585,029
75$34,618,027$9,875,135$6,582,861$30,128,926
76$38,029,611$10,239,561$6,683,932$32,923,718
77$41,785,413$10,618,082$6,784,626$35,994,715
78$45,920,426$11,011,269$6,884,811$39,369,797
79$50,473,206$11,419,718$6,984,350$43,079,678
80$55,486,241$11,844,052$7,083,093$47,158,196
81$61,006,345$12,284,918$7,180,884$51,642,627
82$67,085,106$12,742,992$7,277,557$56,574,040
83$73,779,368$13,218,980$7,372,936$61,997,681
84$81,151,769$13,713,616$7,466,836$67,963,398
85$89,271,333$14,227,667$7,559,058$74,526,112
86$98,214,118$14,761,932$7,649,396$81,746,332
87$108,063,936$15,317,244$7,737,628$89,690,726
88$118,913,143$15,894,475$7,823,524$98,432,749
89$130,863,510$16,494,530$7,906,838$108,053,331
90$144,027,182$17,118,356$7,987,312$118,641,645
91$158,527,740$17,766,941$8,064,673$130,295,941
92$174,501,364$18,441,316$8,138,633$143,124,478
93$192,098,117$19,142,554$8,208,891$157,246,536
94$211,483,363$19,871,777$8,275,127$172,793,547
95$232,839,328$20,630,157$8,337,006$189,910,330
96$256,366,819$21,418,914$8,394,175$208,756,457
97$282,287,117$22,239,323$8,446,263$229,507,757
98$310,844,068$23,092,715$8,492,878$252,357,971
99$342,306,384$23,980,479$8,533,610$277,520,584
100$376,970,177$24,904,064$8,568,027$305,230,832