Can I retire at age 53 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$396,380$392,849$389,404$386,042$382,759$368,738
2 years$196,227$192,573$189,031$185,597$182,266$168,297
3 years$129,519$125,849$122,316$118,914$115,637$102,158
4 years$96,171$92,512$89,014$85,671$82,473$69,588
5 years$76,168$72,531$69,079$65,803$62,695$50,436
6 years$62,836$59,227$55,826$52,623$49,608$37,985
7 years$53,318$49,738$46,392$43,265$40,345$29,355
8 years$46,182$42,635$39,344$36,294$33,470$23,103
9 years$40,635$37,121$33,887$30,914$28,187$18,428
10 years$36,200$32,721$29,543$26,648$24,016$14,850
11 years$32,574$29,129$26,009$23,192$20,655$12,061
12 years$29,554$26,145$23,083$20,342$17,899$9,856
13 years$27,001$23,627$20,623$17,959$15,608$8,094
14 years$24,814$21,477$18,530$15,942$13,682$6,673
15 years$22,921$19,619$16,730$14,218$12,047$5,519
16 years$21,266$18,000$15,168$12,730$10,647$4,576
17 years$19,807$16,578$13,802$11,438$9,440$3,803
18 years$18,512$15,318$12,600$10,308$8,394$3,165
19 years$17,354$14,197$11,534$9,314$7,482$2,639
20 years$16,314$13,193$10,586$8,436$6,683$2,202
21 years$15,373$12,288$9,737$7,656$5,980$1,840
22 years$14,520$11,471$8,974$6,961$5,361$1,538
23 years$13,742$10,728$8,286$6,340$4,812$1,287
24 years$13,029$10,052$7,663$5,782$4,325$1,078
25 years$12,375$9,433$7,098$5,281$3,892$903
26 years$11,772$8,866$6,583$4,828$3,506$756
27 years$11,215$8,344$6,113$4,419$3,161$634
28 years$10,698$7,862$5,682$4,049$2,852$531
29 years$10,218$7,417$5,288$3,713$2,575$446
30 years$9,771$7,005$4,926$3,408$2,327$374
31 years$9,353$6,622$4,592$3,130$2,104$314
32 years$8,962$6,265$4,284$2,876$1,903$263
33 years$8,596$5,933$4,000$2,645$1,722$221
34 years$8,252$5,624$3,738$2,434$1,559$185
35 years$7,928$5,334$3,494$2,240$1,412$156
36 years$7,624$5,063$3,269$2,063$1,280$131
37 years$7,336$4,808$3,060$1,901$1,160$110
38 years$7,064$4,570$2,865$1,752$1,051$92
39 years$6,806$4,345$2,684$1,616$953$77
40 years$6,562$4,134$2,516$1,490$865$65
41 years$6,331$3,935$2,359$1,375$785$54
42 years$6,111$3,748$2,213$1,269$712$46
43 years$5,902$3,571$2,077$1,171$646$38
44 years$5,703$3,404$1,949$1,082$586$32
45 years$5,513$3,246$1,830$999$532$27
46 years$5,333$3,096$1,719$923$483$23
47 years$5,160$2,955$1,615$852$439$19
48 years$4,995$2,821$1,518$788$399$16
49 years$4,837$2,694$1,427$728$362$13
50 years$4,686$2,573$1,341$673$329$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,800,000, adding $3,989 every year, while hoping to spend $45,044 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: 34/39/27 Blend
52$4,800,000$4,800,000$4,800,000$4,800,000
53$5,293,715$5,039,315$4,964,915$5,430,259
54$5,785,747$5,238,315$5,083,313$5,732,335
55$6,326,457$5,445,556$5,204,168$6,053,532
56$6,920,762$5,661,395$5,327,514$6,399,025
57$7,574,080$5,886,203$5,453,386$6,771,006
58$8,292,380$6,120,371$5,581,818$7,171,881
59$9,082,237$6,364,303$5,712,843$7,604,290
60$9,950,897$6,618,426$5,846,495$8,071,129
61$10,906,341$6,883,181$5,982,805$8,575,580
62$11,957,365$7,159,035$6,121,806$9,121,137
63$13,113,659$7,446,470$6,263,529$9,711,639
64$14,385,899$7,745,993$6,408,004$10,351,300
65$15,785,849$8,058,135$6,555,260$11,044,754
66$17,326,470$8,383,448$6,705,326$11,797,091
67$19,022,044$8,722,511$6,858,229$12,613,907
68$20,888,307$9,075,929$7,013,994$13,501,353
69$22,942,599$9,444,334$7,172,648$14,466,191
70$25,204,024$9,828,387$7,334,212$15,515,857
71$27,693,635$10,228,778$7,498,708$16,658,526
72$30,434,629$10,646,232$7,666,158$17,903,193
73$33,452,566$11,081,501$7,836,579$19,259,747
74$36,775,611$11,535,378$8,009,987$20,739,071
75$40,434,799$12,008,688$8,186,398$22,353,134
76$44,464,329$12,502,294$8,365,822$24,115,107
77$48,901,884$13,017,099$8,548,271$26,039,481
78$53,788,988$13,554,050$8,733,751$28,142,204
79$59,171,400$14,114,133$8,922,266$30,440,826
80$65,099,539$14,698,382$9,113,818$32,954,661
81$71,628,968$15,307,878$9,308,407$35,704,969
82$78,820,910$15,943,752$9,506,026$38,715,152
83$86,742,832$16,607,185$9,706,667$42,010,969
84$95,469,080$17,299,416$9,910,319$45,620,780
85$105,081,577$18,021,738$10,116,966$49,575,803
86$115,670,600$18,775,505$10,326,586$53,910,414
87$127,335,630$19,562,135$10,539,156$58,662,458
88$140,186,293$20,383,107$10,754,646$63,873,608
89$154,343,389$21,239,974$10,973,022$69,589,751
90$169,940,040$22,134,358$11,194,243$75,861,416
91$187,122,938$23,067,955$11,418,264$82,744,250
92$206,053,735$24,042,543$11,645,033$90,299,533
93$226,910,568$25,059,979$11,874,494$98,594,752
94$249,889,738$26,122,210$12,106,581$107,704,238
95$275,207,563$27,231,270$12,341,223$117,709,851
96$303,102,422$28,389,290$12,578,342$128,701,760
97$333,837,002$29,598,499$12,817,850$140,779,274
98$367,700,781$30,861,230$13,059,653$154,051,785
99$405,012,757$32,179,926$13,303,647$168,639,784
100$446,124,458$33,557,142$13,549,719$184,675,998