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%14.7%
1 years$388,122$384,664$381,291$377,999$374,785$367,518
2 years$192,139$188,561$185,093$181,730$178,469$171,178
3 years$126,821$123,227$119,767$116,436$113,228$106,139
4 years$94,168$90,585$87,160$83,886$80,755$73,923
5 years$74,581$71,019$67,640$64,432$61,389$54,833
6 years$61,527$57,993$54,663$51,527$48,575$42,303
7 years$52,207$48,702$45,425$42,363$39,504$33,518
8 years$45,220$41,747$38,524$35,538$32,773$27,070
9 years$39,788$36,348$33,181$30,270$27,599$22,177
10 years$35,446$32,039$28,928$26,093$23,516$18,368
11 years$31,895$28,522$25,468$22,709$20,225$15,345
12 years$28,938$25,600$22,602$19,919$17,526$12,909
13 years$26,438$23,135$20,193$17,585$15,283$10,920
14 years$24,297$21,029$18,144$15,610$13,397$9,280
15 years$22,443$19,211$16,381$13,922$11,796$7,916
16 years$20,823$17,625$14,852$12,465$10,425$6,775
17 years$19,394$16,232$13,515$11,200$9,244$5,813
18 years$18,126$14,999$12,337$10,093$8,219$4,999
19 years$16,993$13,901$11,294$9,120$7,326$4,307
20 years$15,974$12,918$10,365$8,260$6,544$3,717
21 years$15,053$12,032$9,534$7,497$5,856$3,213
22 years$14,217$11,232$8,787$6,816$5,249$2,780
23 years$13,455$10,505$8,113$6,208$4,712$2,408
24 years$12,758$9,842$7,503$5,662$4,235$2,087
25 years$12,117$9,237$6,950$5,171$3,811$1,811
26 years$11,527$8,681$6,445$4,728$3,433$1,572
27 years$10,981$8,170$5,985$4,327$3,095$1,365
28 years$10,475$7,698$5,564$3,965$2,793$1,186
29 years$10,005$7,262$5,178$3,636$2,522$1,032
30 years$9,567$6,859$4,823$3,337$2,278$897
31 years$9,158$6,484$4,496$3,065$2,060$780
32 years$8,776$6,135$4,195$2,816$1,863$679
33 years$8,417$5,810$3,917$2,590$1,686$591
34 years$8,080$5,506$3,660$2,383$1,527$515
35 years$7,763$5,223$3,422$2,194$1,383$448
36 years$7,465$4,957$3,201$2,020$1,253$390
37 years$7,183$4,708$2,996$1,861$1,136$340
38 years$6,917$4,474$2,806$1,716$1,030$296
39 years$6,664$4,255$2,629$1,582$934$258
40 years$6,426$4,048$2,464$1,459$847$225
41 years$6,199$3,853$2,310$1,346$768$196
42 years$5,984$3,670$2,167$1,242$697$171
43 years$5,779$3,497$2,033$1,147$633$149
44 years$5,584$3,333$1,909$1,059$574$130
45 years$5,399$3,178$1,792$978$521$113
46 years$5,222$3,032$1,683$903$473$99
47 years$5,053$2,893$1,581$835$430$86
48 years$4,891$2,762$1,486$771$390$75
49 years$4,737$2,638$1,397$713$355$65
50 years$4,589$2,520$1,313$659$322$57

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 $6,042 every year, while hoping to spend $56,699 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: 64/11/25 Blend
52$4,700,000$4,700,000$4,700,000$4,700,000
53$5,185,632$4,936,532$4,863,682$5,483,111
54$5,654,240$5,118,095$4,966,288$5,866,332
55$6,168,744$5,306,654$5,070,431$6,278,018
56$6,733,768$5,502,492$5,176,103$6,726,574
57$7,354,403$5,705,905$5,283,293$7,215,622
58$8,036,257$5,917,199$5,391,988$7,749,150
59$8,785,509$6,136,695$5,502,173$8,331,549
60$9,608,965$6,364,727$5,613,830$8,967,654
61$10,514,125$6,601,644$5,726,939$9,662,788
62$11,509,250$6,847,809$5,841,475$10,422,815
63$12,603,442$7,103,601$5,957,414$11,254,191
64$13,806,730$7,369,414$6,074,724$12,164,026
65$15,130,162$7,645,661$6,193,372$13,160,153
66$16,585,911$7,932,771$6,313,323$14,251,197
67$18,187,389$8,231,192$6,434,535$15,446,658
68$19,949,374$8,541,391$6,556,963$16,757,002
69$21,888,148$8,863,857$6,680,559$18,193,756
70$24,021,651$9,199,098$6,805,270$19,769,618
71$26,369,650$9,547,645$6,931,037$21,498,575
72$28,953,925$9,910,050$7,057,797$23,396,037
73$31,798,475$10,286,893$7,185,484$25,478,979
74$34,929,744$10,678,775$7,314,022$27,766,101
75$38,376,869$11,086,326$7,443,332$30,278,006
76$42,171,955$11,510,202$7,573,330$33,037,392
77$46,350,381$11,951,088$7,703,923$36,069,266
78$50,951,128$12,409,700$7,835,012$39,401,177
79$56,017,152$12,886,783$7,966,493$43,063,480
80$61,595,783$13,383,117$8,098,253$47,089,618
81$67,739,178$13,899,515$8,230,170$51,516,440
82$74,504,810$14,436,827$8,362,116$56,384,543
83$81,956,007$14,995,938$8,493,953$61,738,661
84$90,162,555$15,577,774$8,625,536$67,628,080
85$99,201,353$16,183,302$8,756,709$74,107,108
86$109,157,138$16,813,531$8,887,305$81,235,582
87$120,123,286$17,469,514$9,017,150$89,079,435
88$132,202,693$18,152,352$9,146,057$97,711,316
89$145,508,745$18,863,195$9,273,827$107,211,276
90$160,166,387$19,603,242$9,400,250$117,667,521
91$176,313,306$20,373,747$9,525,105$129,177,247
92$194,101,223$21,176,021$9,648,157$141,847,550
93$213,697,332$22,011,431$9,769,154$155,796,443
94$235,285,875$22,881,406$9,887,836$171,153,965
95$259,069,879$23,787,439$10,003,923$188,063,407
96$285,273,074$24,731,091$10,117,122$206,682,668
97$314,142,003$25,713,991$10,227,122$227,185,737
98$345,948,353$26,737,841$10,333,595$249,764,342
99$380,991,512$27,804,423$10,436,198$274,629,751
100$419,601,400$28,915,594$10,534,565$302,014,774