Can I retire at age 53 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$404,637$401,033$397,517$394,084$390,733$379,442
2 years$200,316$196,585$192,969$189,464$186,063$174,777
3 years$132,217$128,470$124,864$121,391$118,046$107,119
4 years$98,175$94,439$90,869$87,456$84,192$73,707
5 years$77,754$74,042$70,518$67,174$64,001$53,988
6 years$64,145$60,461$56,989$53,720$50,642$41,109
7 years$54,429$50,775$47,358$44,166$41,185$32,133
8 years$47,144$43,523$40,163$37,050$34,167$25,590
9 years$41,482$37,895$34,593$31,558$28,774$20,663
10 years$36,954$33,402$30,159$27,203$24,517$16,862
11 years$33,252$29,736$26,551$23,675$21,085$13,873
12 years$30,170$26,690$23,564$20,766$18,272$11,488
13 years$27,563$24,120$21,053$18,334$15,934$9,563
14 years$25,331$21,924$18,916$16,274$13,967$7,995
15 years$23,398$20,028$17,078$14,514$12,298$6,707
16 years$21,709$18,375$15,484$12,996$10,869$5,642
17 years$20,220$16,923$14,090$11,676$9,637$4,758
18 years$18,897$15,638$12,862$10,523$8,569$4,020
19 years$17,716$14,493$11,775$9,508$7,638$3,402
20 years$16,654$13,467$10,806$8,612$6,822$2,883
21 years$15,694$12,544$9,940$7,816$6,105$2,446
22 years$14,822$11,710$9,161$7,106$5,472$2,078
23 years$14,028$10,952$8,459$6,472$4,912$1,766
24 years$13,301$10,261$7,823$5,903$4,415$1,502
25 years$12,633$9,630$7,245$5,391$3,973$1,278
26 years$12,017$9,050$6,720$4,929$3,579$1,089
27 years$11,448$8,517$6,240$4,512$3,227$927
28 years$10,921$8,026$5,801$4,134$2,911$790
29 years$10,431$7,571$5,398$3,791$2,629$674
30 years$9,974$7,150$5,028$3,479$2,375$574
31 years$9,548$6,760$4,688$3,195$2,148$490
32 years$9,149$6,396$4,374$2,936$1,943$418
33 years$8,775$6,057$4,084$2,700$1,758$357
34 years$8,424$5,741$3,816$2,484$1,592$304
35 years$8,094$5,445$3,567$2,287$1,442$260
36 years$7,782$5,168$3,337$2,106$1,306$222
37 years$7,489$4,908$3,123$1,941$1,184$189
38 years$7,211$4,665$2,925$1,789$1,073$161
39 years$6,948$4,436$2,740$1,649$973$138
40 years$6,699$4,220$2,569$1,521$883$118
41 years$6,463$4,017$2,408$1,404$801$100
42 years$6,238$3,826$2,259$1,295$727$86
43 years$6,025$3,645$2,120$1,196$660$73
44 years$5,822$3,475$1,990$1,104$599$63
45 years$5,628$3,314$1,869$1,020$544$53
46 years$5,444$3,161$1,755$942$493$46
47 years$5,268$3,017$1,649$870$448$39
48 years$5,099$2,880$1,549$804$407$33
49 years$4,938$2,750$1,456$743$370$28
50 years$4,784$2,627$1,369$687$336$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,900,000, adding $3,399 every year, while hoping to spend $54,950 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: 60/34/6 Blend
52$4,900,000$4,900,000$4,900,000$4,900,000
53$5,403,306$5,143,606$5,067,656$5,721,150
54$5,895,977$5,337,176$5,178,956$6,127,794
55$6,437,058$5,538,390$5,292,143$6,564,488
56$7,031,431$5,747,563$5,407,222$7,039,378
57$7,684,469$5,965,027$5,524,197$7,556,138
58$8,402,097$6,191,124$5,643,069$8,118,806
59$9,190,837$6,426,216$5,763,838$8,731,824
60$10,057,878$6,670,676$5,886,503$9,400,079
61$11,011,139$6,924,897$6,011,058$10,128,947
62$12,059,345$7,189,286$6,137,498$10,924,340
63$13,212,107$7,464,270$6,265,813$11,792,768
64$14,480,016$7,750,294$6,395,992$12,741,389
65$15,874,740$8,047,821$6,528,020$13,778,085
66$17,409,136$8,357,337$6,661,881$14,911,527
67$19,097,369$8,679,346$6,797,555$16,151,261
68$20,955,045$9,014,379$6,935,017$17,507,793
69$22,999,360$9,362,984$7,074,241$18,992,688
70$25,249,263$9,725,739$7,215,197$20,618,679
71$27,725,632$10,103,244$7,357,849$22,399,782
72$30,451,469$10,496,126$7,502,160$24,351,430
73$33,452,124$10,905,041$7,648,087$26,490,612
74$36,755,525$11,330,672$7,795,583$28,836,038
75$40,392,449$11,773,735$7,944,595$31,408,308
76$44,396,806$12,234,976$8,095,067$34,230,109
77$48,805,964$12,715,174$8,246,936$37,326,420
78$53,661,098$13,215,143$8,400,134$40,724,753
79$59,007,579$13,735,734$8,554,587$44,455,408
80$64,895,402$14,277,834$8,710,215$48,551,752
81$71,379,658$14,842,373$8,866,932$53,050,538
82$78,521,053$15,430,320$9,024,645$57,992,245
83$86,386,482$16,042,686$9,183,251$63,421,458
84$95,049,657$16,680,532$9,342,644$69,387,289
85$104,591,806$17,344,962$9,502,707$75,943,832
86$115,102,437$18,037,133$9,663,315$83,150,676
87$126,680,185$18,758,251$9,824,335$91,073,458
88$139,433,737$19,509,579$9,985,624$99,784,486
89$153,482,866$20,292,435$10,147,029$109,363,415
90$168,959,552$21,108,199$10,308,389$119,897,991
91$186,009,236$21,958,310$10,469,529$131,484,884
92$204,792,185$22,844,274$10,630,266$144,230,589
93$225,485,010$23,767,666$10,790,402$158,252,430
94$248,282,331$24,730,131$10,949,730$173,679,664
95$273,398,610$25,733,389$11,108,027$190,654,694
96$301,070,181$26,779,238$11,265,059$209,334,412
97$331,557,478$27,869,559$11,420,576$229,891,671
98$365,147,490$29,006,316$11,574,315$252,516,914
99$402,156,474$30,191,566$11,725,995$277,419,968
100$442,932,939$31,427,457$11,875,320$304,832,013