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%13.2%
1 years$363,348$360,111$356,954$353,872$350,862$346,191
2 years$179,875$176,525$173,278$170,131$167,077$162,378
3 years$118,726$115,361$112,123$109,004$106,001$101,420
4 years$88,157$84,803$81,597$78,531$75,601$71,174
5 years$69,820$66,486$63,322$60,320$57,470$53,211
6 years$57,600$54,291$51,174$48,238$45,474$41,386
7 years$48,875$45,594$42,526$39,659$36,983$33,068
8 years$42,334$39,082$36,065$33,269$30,681$26,939
9 years$37,249$34,028$31,063$28,338$25,838$22,267
10 years$33,183$29,994$27,081$24,428$22,015$18,613
11 years$29,859$26,702$23,842$21,259$18,934$15,697
12 years$27,091$23,966$21,159$18,647$16,407$13,333
13 years$24,751$21,658$18,904$16,463$14,308$11,390
14 years$22,746$19,687$16,986$14,614$12,542$9,778
15 years$21,011$17,984$15,336$13,033$11,043$8,428
16 years$19,494$16,500$13,904$11,670$9,760$7,288
17 years$18,156$15,196$12,652$10,485$8,654$6,321
18 years$16,969$14,042$11,550$9,449$7,694$5,495
19 years$15,908$13,014$10,573$8,538$6,858$4,787
20 years$14,954$12,093$9,704$7,733$6,126$4,178
21 years$14,092$11,264$8,925$7,018$5,482$3,652
22 years$13,310$10,515$8,226$6,381$4,914$3,196
23 years$12,597$9,834$7,595$5,811$4,411$2,801
24 years$11,944$9,214$7,024$5,300$3,965$2,456
25 years$11,344$8,647$6,506$4,841$3,568$2,157
26 years$10,791$8,127$6,034$4,426$3,214$1,895
27 years$10,280$7,648$5,603$4,051$2,897$1,666
28 years$9,807$7,207$5,209$3,712$2,614$1,465
29 years$9,367$6,799$4,847$3,404$2,361$1,290
30 years$8,956$6,421$4,515$3,124$2,133$1,135
31 years$8,574$6,070$4,209$2,869$1,928$1,000
32 years$8,216$5,743$3,927$2,637$1,744$881
33 years$7,880$5,439$3,667$2,425$1,579$777
34 years$7,564$5,155$3,426$2,231$1,429$685
35 years$7,268$4,889$3,203$2,054$1,295$604
36 years$6,988$4,641$2,997$1,891$1,173$533
37 years$6,724$4,408$2,805$1,743$1,063$470
38 years$6,475$4,189$2,627$1,606$964$415
39 years$6,239$3,983$2,461$1,481$874$366
40 years$6,015$3,790$2,306$1,366$793$323
41 years$5,803$3,607$2,163$1,260$719$285
42 years$5,602$3,436$2,029$1,163$653$252
43 years$5,410$3,273$1,904$1,074$592$222
44 years$5,228$3,120$1,787$991$538$196
45 years$5,054$2,975$1,678$916$488$173
46 years$4,888$2,838$1,576$846$443$153
47 years$4,730$2,709$1,481$781$402$135
48 years$4,579$2,586$1,391$722$365$119
49 years$4,434$2,469$1,308$667$332$105
50 years$4,296$2,359$1,229$617$301$93

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 $4,286 every year, while hoping to spend $51,870 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: 33/47/20 Blend
52$4,400,000$4,400,000$4,400,000$4,400,000
53$4,853,221$4,620,021$4,551,821$4,983,312
54$5,293,060$4,791,213$4,649,118$5,251,557
55$5,776,025$4,969,054$4,747,935$5,535,409
56$6,306,458$5,153,817$4,848,270$5,840,253
57$6,889,146$5,345,784$4,950,117$6,167,967
58$7,529,361$5,545,248$5,053,467$6,520,613
59$8,232,909$5,752,519$5,158,311$6,900,452
60$9,006,189$5,967,915$5,264,638$7,309,966
61$9,856,249$6,191,772$5,372,433$7,751,882
62$10,790,855$6,424,438$5,481,678$8,229,190
63$11,818,564$6,666,277$5,592,356$8,745,178
64$12,948,800$6,917,668$5,704,443$9,303,457
65$14,191,950$7,179,006$5,817,914$9,907,993
66$15,559,457$7,450,704$5,932,741$10,563,146
67$17,063,926$7,733,193$6,048,893$11,273,705
68$18,719,249$8,026,923$6,166,334$12,044,938
69$20,540,732$8,332,362$6,285,025$12,882,632
70$22,545,238$8,649,998$6,404,925$13,793,154
71$24,751,348$8,980,344$6,525,985$14,783,503
72$27,179,536$9,323,931$6,648,156$15,861,376
73$29,852,361$9,681,316$6,771,381$17,035,240
74$32,794,680$10,053,079$6,895,601$18,314,408
75$36,033,883$10,439,825$7,020,749$19,709,128
76$39,600,150$10,842,188$7,146,756$21,230,670
77$43,526,737$11,260,827$7,273,544$22,891,440
78$47,850,288$11,696,431$7,401,031$24,705,085
79$52,611,182$12,149,721$7,529,131$26,686,627
80$57,853,912$12,621,447$7,657,746$28,852,598
81$63,627,507$13,112,394$7,786,777$31,221,192
82$69,985,993$13,623,381$7,916,113$33,812,439
83$76,988,901$14,155,263$8,045,640$36,648,386
84$84,701,832$14,708,934$8,175,232$39,753,305
85$93,197,074$15,285,327$8,304,757$43,153,916
86$102,554,284$15,885,417$8,434,075$46,879,639
87$112,861,239$16,510,221$8,563,035$50,962,867
88$124,214,666$17,160,802$8,691,477$55,439,266
89$136,721,152$17,838,271$8,819,232$60,348,111
90$150,498,153$18,543,790$8,946,119$65,732,650
91$165,675,098$19,278,569$9,071,947$71,640,512
92$182,394,614$20,043,875$9,196,514$78,124,145
93$200,813,872$20,841,032$9,319,605$85,241,316
94$221,106,067$21,671,423$9,440,991$93,055,643
95$243,462,055$22,536,492$9,560,434$101,637,196
96$268,092,153$23,437,749$9,677,677$111,063,152
97$295,228,126$24,376,772$9,792,453$121,418,516
98$325,125,372$25,355,210$9,904,476$132,796,921
99$358,065,331$26,374,787$10,013,448$145,301,505
100$394,358,148$27,437,304$10,119,051$159,045,876