Can I retire at age 53 with 4,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$388,122$384,664$381,291$377,999$374,785$360,913
2 years$192,139$188,561$185,093$181,730$178,469$164,650
3 years$126,821$123,227$119,767$116,436$113,228$99,897
4 years$94,168$90,585$87,160$83,886$80,755$68,013
5 years$74,581$71,019$67,640$64,432$61,389$49,269
6 years$61,527$57,993$54,663$51,527$48,575$37,086
7 years$52,207$48,702$45,425$42,363$39,504$28,643
8 years$45,220$41,747$38,524$35,538$32,773$22,529
9 years$39,788$36,348$33,181$30,270$27,599$17,960
10 years$35,446$32,039$28,928$26,093$23,516$14,463
11 years$31,895$28,522$25,468$22,709$20,225$11,739
12 years$28,938$25,600$22,602$19,919$17,526$9,587
13 years$26,438$23,135$20,193$17,585$15,283$7,867
14 years$24,297$21,029$18,144$15,610$13,397$6,481
15 years$22,443$19,211$16,381$13,922$11,796$5,357
16 years$20,823$17,625$14,852$12,465$10,425$4,439
17 years$19,394$16,232$13,515$11,200$9,244$3,686
18 years$18,126$14,999$12,337$10,093$8,219$3,066
19 years$16,993$13,901$11,294$9,120$7,326$2,554
20 years$15,974$12,918$10,365$8,260$6,544$2,130
21 years$15,053$12,032$9,534$7,497$5,856$1,778
22 years$14,217$11,232$8,787$6,816$5,249$1,485
23 years$13,455$10,505$8,113$6,208$4,712$1,242
24 years$12,758$9,842$7,503$5,662$4,235$1,039
25 years$12,117$9,237$6,950$5,171$3,811$869
26 years$11,527$8,681$6,445$4,728$3,433$728
27 years$10,981$8,170$5,985$4,327$3,095$610
28 years$10,475$7,698$5,564$3,965$2,793$511
29 years$10,005$7,262$5,178$3,636$2,522$428
30 years$9,567$6,859$4,823$3,337$2,278$359
31 years$9,158$6,484$4,496$3,065$2,060$301
32 years$8,776$6,135$4,195$2,816$1,863$252
33 years$8,417$5,810$3,917$2,590$1,686$211
34 years$8,080$5,506$3,660$2,383$1,527$177
35 years$7,763$5,223$3,422$2,194$1,383$149
36 years$7,465$4,957$3,201$2,020$1,253$125
37 years$7,183$4,708$2,996$1,861$1,136$105
38 years$6,917$4,474$2,806$1,716$1,030$88
39 years$6,664$4,255$2,629$1,582$934$74
40 years$6,426$4,048$2,464$1,459$847$62
41 years$6,199$3,853$2,310$1,346$768$52
42 years$5,984$3,670$2,167$1,242$697$43
43 years$5,779$3,497$2,033$1,147$633$36
44 years$5,584$3,333$1,909$1,059$574$31
45 years$5,399$3,178$1,792$978$521$26
46 years$5,222$3,032$1,683$903$473$21
47 years$5,053$2,893$1,581$835$430$18
48 years$4,891$2,762$1,486$771$390$15
49 years$4,737$2,638$1,397$713$355$13
50 years$4,589$2,520$1,313$659$322$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,700,000, adding $2,453 every year, while hoping to spend $26,136 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: 79/12/9 Blend
52$4,700,000$4,700,000$4,700,000$4,700,000
53$5,181,930$4,932,830$4,859,980$5,584,054
54$5,682,679$5,146,730$4,994,981$6,062,193
55$6,233,627$5,370,236$5,133,629$6,582,948
56$6,839,869$5,603,789$5,276,017$7,153,455
57$7,507,016$5,847,855$5,422,244$7,778,667
58$8,241,250$6,102,918$5,572,407$8,464,037
59$9,049,385$6,369,488$5,726,610$9,215,571
60$9,938,926$6,648,097$5,884,955$10,039,879
61$10,918,145$6,939,303$6,047,550$10,944,243
62$11,996,156$7,243,689$6,214,504$11,936,680
63$13,183,002$7,561,868$6,385,927$13,026,022
64$14,489,748$7,894,479$6,561,936$14,221,994
65$15,928,588$8,242,194$6,742,646$15,535,305
66$17,512,957$8,605,715$6,928,178$16,977,752
67$19,257,661$8,985,777$7,118,654$18,562,330
68$21,179,014$9,383,152$7,314,200$20,303,349
69$23,294,993$9,798,645$7,514,945$22,216,573
70$25,625,406$10,233,103$7,721,020$24,319,367
71$28,192,083$10,687,411$7,932,560$26,630,858
72$31,019,077$11,162,495$8,149,702$29,172,116
73$34,132,894$11,659,328$8,372,588$31,966,352
74$37,562,740$12,178,927$8,601,361$35,039,136
75$41,340,802$12,722,357$8,836,169$38,418,635
76$45,502,547$13,290,735$9,077,163$42,135,880
77$50,087,056$13,885,230$9,324,498$46,225,058
78$55,137,398$14,507,068$9,578,330$50,723,831
79$60,701,030$15,157,532$9,838,822$55,673,694
80$66,830,251$15,837,967$10,106,138$61,120,358
81$73,582,690$16,549,782$10,380,448$67,114,191
82$81,021,855$17,294,451$10,661,923$73,710,680
83$89,217,727$18,073,522$10,950,740$80,970,963
84$98,247,424$18,888,614$11,247,079$88,962,397
85$108,195,930$19,741,424$11,551,125$97,759,199
86$119,156,892$20,633,731$11,863,065$107,443,137
87$131,233,509$21,567,398$12,183,091$118,104,307
88$144,539,503$22,544,377$12,511,401$129,841,977
89$159,200,194$23,566,713$12,848,195$142,765,525
90$175,353,682$24,636,551$13,193,678$156,995,467
91$193,152,151$25,756,134$13,548,059$172,664,593
92$212,763,304$26,927,818$13,911,553$189,919,219
93$234,371,947$28,154,068$14,284,376$208,920,566
94$258,181,737$29,437,468$14,666,753$229,846,276
95$284,417,095$30,780,726$15,058,911$252,892,091
96$313,325,337$32,186,679$15,461,083$278,273,697
97$345,178,996$33,658,302$15,873,504$306,228,754
98$380,278,405$35,198,709$16,296,418$337,019,138
99$418,954,525$36,811,169$16,730,070$370,933,414
100$461,572,072$38,499,102$17,174,713$408,289,550