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

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$388,122$384,664$381,291$377,999$374,785$367,368
2 years$192,139$188,561$185,093$181,730$178,469$171,028
3 years$126,821$123,227$119,767$116,436$113,228$105,995
4 years$94,168$90,585$87,160$83,886$80,755$73,786
5 years$74,581$71,019$67,640$64,432$61,389$54,703
6 years$61,527$57,993$54,663$51,527$48,575$42,179
7 years$52,207$48,702$45,425$42,363$39,504$33,401
8 years$45,220$41,747$38,524$35,538$32,773$26,960
9 years$39,788$36,348$33,181$30,270$27,599$22,073
10 years$35,446$32,039$28,928$26,093$23,516$18,271
11 years$31,895$28,522$25,468$22,709$20,225$15,255
12 years$28,938$25,600$22,602$19,919$17,526$12,824
13 years$26,438$23,135$20,193$17,585$15,283$10,841
14 years$24,297$21,029$18,144$15,610$13,397$9,207
15 years$22,443$19,211$16,381$13,922$11,796$7,849
16 years$20,823$17,625$14,852$12,465$10,425$6,712
17 years$19,394$16,232$13,515$11,200$9,244$5,755
18 years$18,126$14,999$12,337$10,093$8,219$4,946
19 years$16,993$13,901$11,294$9,120$7,326$4,258
20 years$15,974$12,918$10,365$8,260$6,544$3,672
21 years$15,053$12,032$9,534$7,497$5,856$3,171
22 years$14,217$11,232$8,787$6,816$5,249$2,742
23 years$13,455$10,505$8,113$6,208$4,712$2,373
24 years$12,758$9,842$7,503$5,662$4,235$2,055
25 years$12,117$9,237$6,950$5,171$3,811$1,782
26 years$11,527$8,681$6,445$4,728$3,433$1,545
27 years$10,981$8,170$5,985$4,327$3,095$1,341
28 years$10,475$7,698$5,564$3,965$2,793$1,165
29 years$10,005$7,262$5,178$3,636$2,522$1,012
30 years$9,567$6,859$4,823$3,337$2,278$879
31 years$9,158$6,484$4,496$3,065$2,060$764
32 years$8,776$6,135$4,195$2,816$1,863$665
33 years$8,417$5,810$3,917$2,590$1,686$578
34 years$8,080$5,506$3,660$2,383$1,527$503
35 years$7,763$5,223$3,422$2,194$1,383$437
36 years$7,465$4,957$3,201$2,020$1,253$381
37 years$7,183$4,708$2,996$1,861$1,136$331
38 years$6,917$4,474$2,806$1,716$1,030$288
39 years$6,664$4,255$2,629$1,582$934$251
40 years$6,426$4,048$2,464$1,459$847$218
41 years$6,199$3,853$2,310$1,346$768$190
42 years$5,984$3,670$2,167$1,242$697$166
43 years$5,779$3,497$2,033$1,147$633$144
44 years$5,584$3,333$1,909$1,059$574$126
45 years$5,399$3,178$1,792$978$521$109
46 years$5,222$3,032$1,683$903$473$95
47 years$5,053$2,893$1,581$835$430$83
48 years$4,891$2,762$1,486$771$390$72
49 years$4,737$2,638$1,397$713$355$63
50 years$4,589$2,520$1,313$659$322$55

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 $3,987 every year, while hoping to spend $23,212 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: 66/29/5 Blend
52$4,700,000$4,700,000$4,700,000$4,700,000
53$5,183,513$4,934,413$4,861,563$5,522,049
54$5,687,533$5,151,501$4,999,728$5,964,211
55$6,242,187$5,378,450$5,141,743$6,444,065
56$6,852,612$5,615,716$5,287,714$6,967,828
57$7,524,473$5,863,780$5,437,746$7,539,771
58$8,264,009$6,123,146$5,591,952$8,164,592
59$9,078,098$6,394,340$5,750,442$8,847,458
60$9,974,316$6,677,914$5,913,333$9,594,054
61$10,961,010$6,974,446$6,080,744$10,410,634
62$12,047,381$7,284,542$6,252,797$11,304,078
63$13,243,564$7,608,835$6,429,616$12,281,960
64$14,560,730$7,947,990$6,611,330$13,352,611
65$16,011,186$8,302,703$6,798,071$14,525,202
66$17,608,494$8,673,703$6,989,974$15,809,826
67$19,367,599$9,061,753$7,187,176$17,217,591
68$21,304,968$9,467,653$7,389,821$18,760,725
69$23,438,748$9,892,241$7,598,053$20,452,690
70$25,788,935$10,336,395$7,812,022$22,308,304
71$28,377,562$10,801,035$8,031,881$24,343,881
72$31,228,912$11,287,124$8,257,788$26,577,381
73$34,369,740$11,795,672$8,489,902$29,028,581
74$37,829,530$12,327,736$8,728,391$31,719,255
75$41,640,772$12,884,425$8,973,422$34,673,380
76$45,839,268$13,466,900$9,225,169$37,917,358
77$50,464,472$14,076,376$9,483,810$41,480,264
78$55,559,859$14,714,129$9,749,529$45,394,115
79$61,173,338$15,381,495$10,022,511$49,694,172
80$67,357,703$16,079,872$10,302,950$54,419,270
81$74,171,130$16,810,727$10,591,040$59,612,177
82$81,677,729$17,575,597$10,886,984$65,320,000
83$89,948,148$18,376,092$11,190,988$71,594,623
84$99,060,237$19,213,898$11,503,264$78,493,193
85$109,099,786$20,090,784$11,824,029$86,078,655
86$120,161,335$21,008,603$12,153,504$94,420,345
87$132,349,063$21,969,296$12,491,918$103,594,638
88$145,777,774$22,974,899$12,839,504$113,685,664
89$160,573,980$24,027,542$13,196,501$124,786,100
90$176,877,096$25,129,462$13,563,154$136,998,035
91$194,840,754$26,283,000$13,939,714$150,433,937
92$214,634,254$27,490,610$14,326,437$165,217,701
93$236,444,163$28,754,865$14,723,588$181,485,816
94$260,476,075$30,078,461$15,131,436$199,388,650
95$286,956,553$31,464,223$15,550,256$219,091,860
96$316,135,264$32,915,113$15,980,333$240,777,950
97$348,287,342$34,434,234$16,421,955$264,647,990
98$383,715,979$36,024,840$16,875,419$290,923,504
99$422,755,293$37,690,341$17,341,029$319,848,553
100$465,773,475$39,434,310$17,819,096$351,692,036