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

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$330,316$327,374$324,503$321,702$318,966$307,771
2 years$163,523$160,477$157,526$154,664$151,888$140,727
3 years$107,932$104,874$101,930$99,095$96,364$85,588
4 years$80,143$77,093$74,179$71,392$68,728$58,418
5 years$63,473$60,442$57,566$54,836$52,246$42,430
6 years$52,364$49,356$46,522$43,853$41,340$32,026
7 years$44,431$41,449$38,660$36,054$33,621$24,806
8 years$38,485$35,529$32,787$30,245$27,892$19,569
9 years$33,863$30,935$28,239$25,762$23,489$15,648
10 years$30,167$27,267$24,619$22,207$20,014$12,641
11 years$27,145$24,274$21,675$19,327$17,212$10,294
12 years$24,628$21,787$19,236$16,952$14,916$8,434
13 years$22,501$19,689$17,186$14,966$13,007$6,945
14 years$20,678$17,897$15,441$13,285$11,402$5,742
15 years$19,101$16,349$13,942$11,848$10,039$4,763
16 years$17,722$15,000$12,640$10,609$8,873$3,961
17 years$16,506$13,815$11,502$9,532$7,867$3,301
18 years$15,426$12,765$10,500$8,590$6,995$2,756
19 years$14,462$11,831$9,612$7,762$6,235$2,304
20 years$13,595$10,994$8,821$7,030$5,569$1,929
21 years$12,811$10,240$8,114$6,380$4,984$1,617
22 years$12,100$9,559$7,478$5,801$4,467$1,356
23 years$11,451$8,940$6,905$5,283$4,010$1,138
24 years$10,858$8,376$6,386$4,818$3,604$956
25 years$10,313$7,861$5,915$4,400$3,243$803
26 years$9,810$7,388$5,486$4,024$2,921$675
27 years$9,346$6,953$5,094$3,683$2,634$568
28 years$8,915$6,552$4,735$3,374$2,377$478
29 years$8,515$6,181$4,407$3,094$2,146$402
30 years$8,142$5,837$4,105$2,840$1,939$338
31 years$7,794$5,518$3,827$2,608$1,753$285
32 years$7,469$5,221$3,570$2,397$1,586$240
33 years$7,163$4,945$3,334$2,204$1,435$202
34 years$6,877$4,686$3,115$2,028$1,299$170
35 years$6,607$4,445$2,912$1,867$1,177$143
36 years$6,353$4,219$2,724$1,719$1,066$120
37 years$6,113$4,007$2,550$1,584$966$101
38 years$5,886$3,808$2,388$1,460$876$85
39 years$5,672$3,621$2,237$1,346$795$72
40 years$5,469$3,445$2,097$1,242$721$61
41 years$5,276$3,279$1,966$1,146$654$51
42 years$5,093$3,123$1,844$1,057$593$43
43 years$4,918$2,976$1,731$976$538$36
44 years$4,753$2,837$1,624$901$489$31
45 years$4,595$2,705$1,525$832$444$26
46 years$4,444$2,580$1,433$769$403$22
47 years$4,300$2,462$1,346$710$366$18
48 years$4,163$2,351$1,265$656$332$15
49 years$4,031$2,245$1,189$607$302$13
50 years$3,905$2,144$1,118$561$274$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,000,000, adding $3,965 every year, while hoping to spend $50,213 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: 51/41/8 Blend
52$4,000,000$4,000,000$4,000,000$4,000,000
53$4,412,090$4,200,090$4,138,090$4,627,931
54$4,808,697$4,352,468$4,223,290$4,927,714
55$5,244,075$4,510,630$4,309,661$5,247,696
56$5,722,125$4,674,806$4,397,189$5,594,347
57$6,247,146$4,845,235$4,485,859$5,970,185
58$6,823,872$5,022,169$4,575,653$6,377,976
59$7,457,519$5,205,867$4,666,549$6,820,763
60$8,153,833$5,396,602$4,758,525$7,301,890
61$8,919,144$5,594,655$4,851,556$7,825,034
62$9,760,425$5,800,322$4,945,612$8,394,239
63$10,685,361$6,013,909$5,040,661$9,013,953
64$11,702,415$6,235,738$5,136,671$9,689,068
65$12,820,913$6,466,141$5,233,601$10,424,967
66$14,051,131$6,705,467$5,331,412$11,227,570
67$15,404,390$6,954,079$5,430,058$12,103,392
68$16,893,162$7,212,353$5,529,489$13,059,603
69$18,531,192$7,480,685$5,629,654$14,104,091
70$20,333,620$7,759,486$5,730,494$15,245,539
71$22,317,132$8,049,183$5,831,949$16,493,503
72$24,500,111$8,350,225$5,933,950$17,858,503
73$26,902,813$8,663,076$6,036,428$19,352,116
74$29,547,556$8,988,223$6,139,305$20,987,090
75$32,458,934$9,326,173$6,242,499$22,777,458
76$35,664,045$9,677,455$6,345,922$24,738,669
77$39,192,747$10,042,620$6,449,480$26,887,735
78$43,077,942$10,422,244$6,553,073$29,243,387
79$47,355,885$10,816,926$6,656,593$31,826,250
80$52,066,524$11,227,294$6,759,928$34,659,035
81$57,253,878$11,654,001$6,862,954$37,766,754
82$62,966,455$12,097,728$6,965,544$41,176,952
83$69,257,704$12,559,187$7,067,561$44,919,964
84$76,186,523$13,039,121$7,168,857$49,029,198
85$83,817,815$13,538,304$7,269,281$53,541,452
86$92,223,097$14,057,546$7,368,666$58,497,256
87$101,481,177$14,597,690$7,466,841$63,941,250
88$111,678,899$15,159,618$7,563,622$69,922,605
89$122,911,957$15,744,250$7,658,813$76,495,484
90$135,285,804$16,352,546$7,752,211$83,719,550
91$148,916,643$16,985,508$7,843,598$91,660,526
92$163,932,527$17,644,184$7,932,744$100,390,810
93$180,474,561$18,329,665$8,019,408$109,990,157
94$198,698,242$19,043,095$8,103,334$120,546,430
95$218,774,920$19,785,663$8,184,252$132,156,421
96$240,893,417$20,558,616$8,261,880$144,926,765
97$265,261,809$21,363,251$8,335,916$158,974,939
98$292,109,391$22,200,928$8,406,047$174,430,369
99$321,688,839$23,073,064$8,471,939$191,435,648
100$354,278,596$23,981,139$8,533,245$210,147,874