Can I retire at age 53 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$379,864$376,480$373,179$369,957$366,810$360,882
2 years$188,051$184,549$181,155$177,864$174,672$168,715
3 years$124,122$120,605$117,219$113,959$110,819$105,020
4 years$92,164$88,657$85,306$82,101$79,037$73,440
5 years$72,994$69,508$66,201$63,062$60,083$54,704
6 years$60,218$56,759$53,500$50,431$47,541$42,387
7 years$51,096$47,666$44,459$41,462$38,664$33,735
8 years$44,258$40,859$37,704$34,781$32,075$27,372
9 years$38,942$35,575$32,475$29,626$27,012$22,531
10 years$34,692$31,357$28,312$25,538$23,016$18,754
11 years$31,216$27,916$24,926$22,226$19,794$15,747
12 years$28,322$25,056$22,121$19,495$17,153$13,315
13 years$25,876$22,643$19,764$17,211$14,958$11,323
14 years$23,780$20,582$17,758$15,278$13,112$9,675
15 years$21,966$18,802$16,033$13,625$11,545$8,299
16 years$20,380$17,250$14,536$12,200$10,203$7,142
17 years$18,982$15,887$13,227$10,962$9,047$6,163
18 years$17,740$14,680$12,075$9,879$8,044$5,331
19 years$16,631$13,605$11,054$8,926$7,170$4,621
20 years$15,634$12,643$10,145$8,084$6,404$4,012
21 years$14,733$11,776$9,331$7,337$5,731$3,488
22 years$13,915$10,993$8,600$6,671$5,137$3,037
23 years$13,169$10,281$7,941$6,075$4,611$2,646
24 years$12,487$9,633$7,344$5,541$4,145$2,309
25 years$11,860$9,040$6,802$5,061$3,730$2,016
26 years$11,282$8,496$6,308$4,627$3,360$1,761
27 years$10,748$7,996$5,858$4,235$3,029$1,539
28 years$10,252$7,534$5,446$3,880$2,733$1,347
29 years$9,792$7,108$5,068$3,558$2,468$1,178
30 years$9,364$6,713$4,720$3,266$2,230$1,032
31 years$8,963$6,346$4,401$2,999$2,016$903
32 years$8,589$6,004$4,106$2,756$1,824$791
33 years$8,238$5,686$3,834$2,535$1,650$694
34 years$7,908$5,389$3,582$2,332$1,494$608
35 years$7,598$5,112$3,349$2,147$1,353$533
36 years$7,306$4,852$3,133$1,977$1,226$467
37 years$7,030$4,608$2,932$1,822$1,111$410
38 years$6,769$4,379$2,746$1,679$1,008$359
39 years$6,523$4,164$2,573$1,548$914$315
40 years$6,289$3,962$2,411$1,428$829$277
41 years$6,067$3,771$2,261$1,318$752$243
42 years$5,856$3,592$2,121$1,216$682$213
43 years$5,656$3,422$1,990$1,122$619$187
44 years$5,465$3,262$1,868$1,036$562$164
45 years$5,284$3,111$1,754$957$510$144
46 years$5,110$2,967$1,648$884$463$126
47 years$4,945$2,832$1,548$817$421$111
48 years$4,787$2,703$1,455$755$382$97
49 years$4,636$2,582$1,367$698$347$85
50 years$4,491$2,466$1,285$645$315$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,600,000, adding $2,901 every year, while hoping to spend $33,131 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: 74/5/21 Blend
52$4,600,000$4,600,000$4,600,000$4,600,000
53$5,072,192$4,828,392$4,757,092$5,421,722
54$5,554,305$5,029,732$4,881,204$5,855,621
55$6,084,482$5,239,828$5,008,363$6,326,682
56$6,667,593$5,459,072$5,138,636$6,842,067
57$7,308,999$5,687,879$5,272,092$7,406,187
58$8,014,610$5,926,678$5,408,800$8,023,898
59$8,790,936$6,175,921$5,548,830$8,700,547
60$9,645,150$6,436,080$5,692,255$9,442,026
61$10,585,157$6,707,650$5,839,148$10,254,821
62$11,619,665$6,991,146$5,989,581$11,146,078
63$12,758,270$7,287,111$6,143,631$12,123,665
64$14,011,545$7,596,111$6,301,374$13,196,253
65$15,391,139$7,918,737$6,462,886$14,373,389
66$16,909,890$8,255,610$6,628,248$15,665,591
67$18,581,943$8,607,379$6,797,538$17,084,446
68$20,422,883$8,974,723$6,970,838$18,642,716
69$22,449,885$9,358,352$7,148,229$20,354,463
70$24,681,873$9,759,011$7,329,794$22,235,175
71$27,139,699$10,177,478$7,515,618$24,301,917
72$29,846,343$10,614,569$7,705,786$26,573,490
73$32,827,124$11,071,137$7,900,384$29,070,603
74$36,109,943$11,548,075$8,099,499$31,816,077
75$39,725,545$12,046,318$8,303,219$34,835,051
76$43,707,808$12,566,845$8,511,635$38,155,223
77$48,094,066$13,110,682$8,724,836$41,807,111
78$52,925,455$13,678,900$8,942,912$45,824,338
79$58,247,309$14,272,623$9,165,957$50,243,951
80$64,109,581$14,893,028$9,394,063$55,106,769
81$70,567,317$15,541,345$9,627,323$60,457,765
82$77,681,177$16,218,865$9,865,832$66,346,494
83$85,518,005$16,926,937$10,109,685$72,827,558
84$94,151,459$17,666,975$10,358,978$79,961,120
85$103,662,710$18,440,459$10,613,806$87,813,470
86$114,141,205$19,248,940$10,874,267$96,457,654
87$125,685,511$20,094,041$11,140,457$105,974,157
88$138,404,245$20,977,461$11,412,475$116,451,666
89$152,417,103$21,900,982$11,690,418$127,987,904
90$167,855,985$22,866,467$11,974,384$140,690,553
91$184,866,242$23,875,870$12,264,472$154,678,267
92$203,608,046$24,931,235$12,560,780$170,081,794
93$224,257,906$26,034,705$12,863,405$187,045,206
94$247,010,330$27,188,523$13,172,446$205,727,259
95$272,079,661$28,395,039$13,488,001$226,302,892
96$299,702,104$29,656,713$13,810,167$248,964,875
97$330,137,952$30,976,125$14,139,040$273,925,627
98$363,674,042$32,355,974$14,474,717$301,419,222
99$400,626,466$33,799,089$14,817,293$331,703,597
100$441,343,555$35,308,434$15,166,861$365,062,983