Can I retire at age 53 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$363,348$360,111$356,954$353,872$350,862$337,475
2 years$179,875$176,525$173,278$170,131$167,077$153,747
3 years$118,726$115,361$112,123$109,004$106,001$93,147
4 years$88,157$84,803$81,597$78,531$75,601$63,322
5 years$69,820$66,486$63,322$60,320$57,470$45,798
6 years$57,600$54,291$51,174$48,238$45,474$34,416
7 years$48,875$45,594$42,526$39,659$36,983$26,536
8 years$42,334$39,082$36,065$33,269$30,681$20,835
9 years$37,249$34,028$31,063$28,338$25,838$16,578
10 years$33,183$29,994$27,081$24,428$22,015$13,325
11 years$29,859$26,702$23,842$21,259$18,934$10,794
12 years$27,091$23,966$21,159$18,647$16,407$8,797
13 years$24,751$21,658$18,904$16,463$14,308$7,205
14 years$22,746$19,687$16,986$14,614$12,542$5,923
15 years$21,011$17,984$15,336$13,033$11,043$4,885
16 years$19,494$16,500$13,904$11,670$9,760$4,039
17 years$18,156$15,196$12,652$10,485$8,654$3,346
18 years$16,969$14,042$11,550$9,449$7,694$2,777
19 years$15,908$13,014$10,573$8,538$6,858$2,308
20 years$14,954$12,093$9,704$7,733$6,126$1,920
21 years$14,092$11,264$8,925$7,018$5,482$1,599
22 years$13,310$10,515$8,226$6,381$4,914$1,333
23 years$12,597$9,834$7,595$5,811$4,411$1,112
24 years$11,944$9,214$7,024$5,300$3,965$928
25 years$11,344$8,647$6,506$4,841$3,568$775
26 years$10,791$8,127$6,034$4,426$3,214$647
27 years$10,280$7,648$5,603$4,051$2,897$541
28 years$9,807$7,207$5,209$3,712$2,614$452
29 years$9,367$6,799$4,847$3,404$2,361$378
30 years$8,956$6,421$4,515$3,124$2,133$316
31 years$8,574$6,070$4,209$2,869$1,928$264
32 years$8,216$5,743$3,927$2,637$1,744$221
33 years$7,880$5,439$3,667$2,425$1,579$185
34 years$7,564$5,155$3,426$2,231$1,429$154
35 years$7,268$4,889$3,203$2,054$1,295$129
36 years$6,988$4,641$2,997$1,891$1,173$108
37 years$6,724$4,408$2,805$1,743$1,063$90
38 years$6,475$4,189$2,627$1,606$964$76
39 years$6,239$3,983$2,461$1,481$874$63
40 years$6,015$3,790$2,306$1,366$793$53
41 years$5,803$3,607$2,163$1,260$719$44
42 years$5,602$3,436$2,029$1,163$653$37
43 years$5,410$3,273$1,904$1,074$592$31
44 years$5,228$3,120$1,787$991$538$26
45 years$5,054$2,975$1,678$916$488$22
46 years$4,888$2,838$1,576$846$443$18
47 years$4,730$2,709$1,481$781$402$15
48 years$4,579$2,586$1,391$722$365$13
49 years$4,434$2,469$1,308$667$332$11
50 years$4,296$2,359$1,229$617$301$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,400,000, adding $4,359 every year, while hoping to spend $55,974 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: 56/17/27 Blend
52$4,400,000$4,400,000$4,400,000$4,400,000
53$4,853,296$4,620,096$4,551,896$5,088,817
54$5,288,777$4,786,925$4,644,829$5,418,015
55$5,766,800$4,960,053$4,738,999$5,770,304
56$6,291,647$5,139,728$4,834,388$6,153,001
57$6,868,031$5,326,212$4,930,977$6,569,057
58$7,501,149$5,519,774$5,028,743$7,021,718
59$8,196,720$5,720,697$5,127,660$7,514,560
60$8,961,049$5,929,275$5,227,700$8,051,518
61$9,801,080$6,145,813$5,328,832$8,636,921
62$10,724,463$6,370,631$5,431,021$9,275,540
63$11,739,626$6,604,060$5,534,228$9,972,624
64$12,855,857$6,846,448$5,638,414$10,733,954
65$14,083,385$7,098,154$5,743,531$11,565,896
66$15,433,482$7,359,556$5,849,531$12,475,459
67$16,918,567$7,631,044$5,956,360$13,470,362
68$18,552,323$7,913,027$6,063,960$14,559,106
69$20,349,826$8,205,931$6,172,269$15,751,054
70$22,327,687$8,510,201$6,281,219$17,056,516
71$24,504,208$8,826,298$6,390,737$18,486,851
72$26,899,557$9,154,706$6,500,746$20,054,567
73$29,535,952$9,495,927$6,611,162$21,773,445
74$32,437,878$9,850,486$6,721,894$23,658,661
75$35,632,312$10,218,931$6,832,848$25,726,936
76$39,148,980$10,601,830$6,943,921$27,996,687
77$43,020,636$10,999,781$7,055,003$30,488,203
78$47,283,373$11,413,402$7,165,977$33,223,837
79$51,976,960$11,843,342$7,276,721$36,228,211
80$57,145,220$12,290,275$7,387,100$39,528,453
81$62,836,440$12,754,906$7,496,976$43,154,450
82$69,103,831$13,237,970$7,606,198$47,139,127
83$76,006,024$13,740,233$7,714,609$51,518,762
84$83,607,630$14,262,496$7,822,039$56,333,322
85$91,979,843$14,805,593$7,928,312$61,626,842
86$101,201,115$15,370,395$8,033,239$67,447,839
87$111,357,895$15,957,811$8,136,619$73,849,770
88$122,545,447$16,568,790$8,238,242$80,891,534
89$134,868,744$17,204,322$8,337,884$88,638,027
90$148,443,462$17,865,441$8,435,310$97,160,755
91$163,397,072$18,553,224$8,530,270$106,538,504
92$179,870,040$19,268,799$8,622,500$116,858,087
93$198,017,155$20,013,340$8,711,725$128,215,160
94$218,008,986$20,788,076$8,797,650$140,715,123
95$240,033,499$21,594,287$8,879,966$154,474,115
96$264,297,821$22,433,313$8,958,350$169,620,108
97$291,030,202$23,306,548$9,032,458$186,294,113
98$320,482,167$24,215,454$9,101,930$204,651,511
99$352,930,889$25,161,552$9,166,387$224,863,517
100$388,681,807$26,146,435$9,225,427$247,118,797