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%14.5%
1 years$363,348$360,111$356,954$353,872$350,862$344,342
2 years$179,875$176,525$173,278$170,131$167,077$160,532
3 years$118,726$115,361$112,123$109,004$106,001$99,635
4 years$88,157$84,803$81,597$78,531$75,601$69,464
5 years$69,820$66,486$63,322$60,320$57,470$51,580
6 years$57,600$54,291$51,174$48,238$45,474$39,836
7 years$48,875$45,594$42,526$39,659$36,983$31,599
8 years$42,334$39,082$36,065$33,269$30,681$25,550
9 years$37,249$34,028$31,063$28,338$25,838$20,956
10 years$33,183$29,994$27,081$24,428$22,015$17,378
11 years$29,859$26,702$23,842$21,259$18,934$14,537
12 years$27,091$23,966$21,159$18,647$16,407$12,245
13 years$24,751$21,658$18,904$16,463$14,308$10,372
14 years$22,746$19,687$16,986$14,614$12,542$8,826
15 years$21,011$17,984$15,336$13,033$11,043$7,540
16 years$19,494$16,500$13,904$11,670$9,760$6,461
17 years$18,156$15,196$12,652$10,485$8,654$5,552
18 years$16,969$14,042$11,550$9,449$7,694$4,782
19 years$15,908$13,014$10,573$8,538$6,858$4,126
20 years$14,954$12,093$9,704$7,733$6,126$3,566
21 years$14,092$11,264$8,925$7,018$5,482$3,087
22 years$13,310$10,515$8,226$6,381$4,914$2,675
23 years$12,597$9,834$7,595$5,811$4,411$2,320
24 years$11,944$9,214$7,024$5,300$3,965$2,015
25 years$11,344$8,647$6,506$4,841$3,568$1,751
26 years$10,791$8,127$6,034$4,426$3,214$1,522
27 years$10,280$7,648$5,603$4,051$2,897$1,324
28 years$9,807$7,207$5,209$3,712$2,614$1,153
29 years$9,367$6,799$4,847$3,404$2,361$1,004
30 years$8,956$6,421$4,515$3,124$2,133$874
31 years$8,574$6,070$4,209$2,869$1,928$762
32 years$8,216$5,743$3,927$2,637$1,744$664
33 years$7,880$5,439$3,667$2,425$1,579$579
34 years$7,564$5,155$3,426$2,231$1,429$505
35 years$7,268$4,889$3,203$2,054$1,295$441
36 years$6,988$4,641$2,997$1,891$1,173$384
37 years$6,724$4,408$2,805$1,743$1,063$335
38 years$6,475$4,189$2,627$1,606$964$293
39 years$6,239$3,983$2,461$1,481$874$255
40 years$6,015$3,790$2,306$1,366$793$223
41 years$5,803$3,607$2,163$1,260$719$195
42 years$5,602$3,436$2,029$1,163$653$170
43 years$5,410$3,273$1,904$1,074$592$148
44 years$5,228$3,120$1,787$991$538$129
45 years$5,054$2,975$1,678$916$488$113
46 years$4,888$2,838$1,576$846$443$99
47 years$4,730$2,709$1,481$781$402$86
48 years$4,579$2,586$1,391$722$365$75
49 years$4,434$2,469$1,308$667$332$66
50 years$4,296$2,359$1,229$617$301$57

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 $5,149 every year, while hoping to spend $45,229 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: 58/32/10 Blend
52$4,400,000$4,400,000$4,400,000$4,400,000
53$4,854,111$4,620,911$4,552,711$5,123,809
54$5,301,107$4,799,213$4,657,104$5,484,330
55$5,792,181$4,984,735$4,763,477$5,871,593
56$6,331,781$5,177,784$4,871,851$6,292,609
57$6,924,807$5,378,680$4,982,242$6,750,619
58$7,576,657$5,587,756$5,094,668$7,249,188
59$8,293,281$5,805,360$5,209,144$7,792,236
60$9,081,230$6,031,857$5,325,685$8,384,075
61$9,947,724$6,267,626$5,444,304$9,029,448
62$10,900,717$6,513,065$5,565,013$9,733,574
63$11,948,972$6,768,588$5,687,823$10,502,195
64$13,102,145$7,034,627$5,812,743$11,341,629
65$14,370,875$7,311,634$5,939,781$12,258,827
66$15,766,884$7,600,083$6,068,943$13,261,442
67$17,303,085$7,900,467$6,200,232$14,357,894
68$18,993,711$8,213,301$6,333,651$15,557,453
69$20,854,440$8,539,124$6,469,199$16,870,320
70$22,902,550$8,878,498$6,606,874$18,307,729
71$25,157,078$9,232,011$6,746,672$19,882,043
72$27,638,998$9,600,279$6,888,584$21,606,875
73$30,371,426$9,983,942$7,032,601$23,497,213
74$33,379,828$10,383,672$7,178,711$25,569,559
75$36,692,269$10,800,171$7,326,896$27,842,084
76$40,339,672$11,234,170$7,477,138$30,334,797
77$44,356,110$11,686,436$7,629,414$33,069,733
78$48,779,131$12,157,770$7,783,697$36,071,156
79$53,650,110$12,649,008$7,939,958$39,365,788
80$59,014,637$13,161,025$8,098,163$42,983,061
81$64,922,950$13,694,735$8,258,272$46,955,387
82$71,430,410$14,251,096$8,420,242$51,318,468
83$78,598,017$14,831,105$8,584,026$56,111,623
84$86,492,995$15,435,809$8,749,570$61,378,164
85$95,189,416$16,066,300$8,916,817$67,165,797
86$104,768,908$16,723,720$9,085,702$73,527,072
87$115,321,418$17,409,264$9,256,154$80,519,874
88$126,946,066$18,124,181$9,428,099$88,207,968
89$139,752,077$18,869,778$9,601,452$96,661,595
90$153,859,812$19,647,420$9,776,124$105,958,138
91$169,401,907$20,458,538$9,952,018$116,182,840
92$186,524,519$21,304,624$10,129,029$127,429,611
93$205,388,712$22,187,243$10,307,043$139,801,909
94$226,171,972$23,108,029$10,485,940$153,413,713
95$249,069,883$24,068,692$10,665,589$168,390,593
96$274,297,974$25,071,021$10,845,849$184,870,895
97$302,093,754$26,116,888$11,026,572$203,007,036
98$332,718,952$27,208,250$11,207,597$222,966,944
99$366,461,986$28,347,155$11,388,752$244,935,635
100$403,640,689$29,535,746$11,569,856$269,116,957