Can I retire at age 53 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$346,832$343,743$340,729$337,787$334,914$329,773
2 years$171,699$168,501$165,402$162,397$159,483$154,316
3 years$113,329$110,117$107,026$104,050$101,182$96,150
4 years$84,150$80,948$77,888$74,962$72,164$67,305
5 years$66,647$63,464$60,444$57,578$54,858$50,187
6 years$54,982$51,823$48,848$46,046$43,407$38,929
7 years$46,653$43,521$40,593$37,857$35,302$31,018
8 years$40,409$37,306$34,426$31,757$29,286$25,196
9 years$35,556$32,481$29,651$27,050$24,663$20,765
10 years$31,675$28,631$25,850$23,317$21,014$17,305
11 years$28,502$25,488$22,758$20,293$18,073$14,548
12 years$25,860$22,877$20,197$17,800$15,662$12,317
13 years$23,626$20,674$18,045$15,714$13,657$10,489
14 years$21,712$18,792$16,214$13,950$11,972$8,974
15 years$20,056$17,167$14,639$12,441$10,541$7,708
16 years$18,608$15,750$13,272$11,139$9,316$6,643
17 years$17,331$14,505$12,077$10,008$8,260$5,741
18 years$16,198$13,404$11,025$9,020$7,345$4,973
19 years$15,185$12,422$10,093$8,150$6,547$4,316
20 years$14,274$11,543$9,263$7,381$5,847$3,753
21 years$13,452$10,752$8,520$6,699$5,233$3,268
22 years$12,705$10,037$7,852$6,091$4,690$2,849
23 years$12,024$9,387$7,250$5,547$4,210$2,487
24 years$11,401$8,795$6,705$5,059$3,784$2,173
25 years$10,828$8,254$6,210$4,621$3,405$1,900
26 years$10,301$7,757$5,760$4,225$3,067$1,663
27 years$9,813$7,301$5,348$3,867$2,766$1,456
28 years$9,361$6,879$4,972$3,543$2,495$1,276
29 years$8,941$6,490$4,627$3,249$2,253$1,118
30 years$8,549$6,129$4,310$2,982$2,036$980
31 years$8,184$5,794$4,018$2,739$1,841$860
32 years$7,842$5,482$3,749$2,517$1,665$755
33 years$7,522$5,192$3,500$2,314$1,507$662
34 years$7,221$4,921$3,270$2,129$1,364$582
35 years$6,937$4,667$3,058$1,960$1,236$511
36 years$6,671$4,430$2,860$1,805$1,120$449
37 years$6,419$4,207$2,677$1,663$1,015$394
38 years$6,181$3,998$2,507$1,533$920$346
39 years$5,956$3,802$2,349$1,414$834$304
40 years$5,742$3,617$2,202$1,304$757$267
41 years$5,540$3,443$2,064$1,203$687$235
42 years$5,347$3,279$1,937$1,110$623$207
43 years$5,164$3,125$1,817$1,025$565$182
44 years$4,990$2,978$1,706$946$513$160
45 years$4,824$2,840$1,602$874$466$140
46 years$4,666$2,709$1,504$807$423$123
47 years$4,515$2,586$1,413$746$384$108
48 years$4,371$2,468$1,328$689$349$95
49 years$4,233$2,357$1,248$637$317$84
50 years$4,101$2,252$1,174$589$288$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,200,000, adding $3,679 every year, while hoping to spend $32,201 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: 75/7/18 Blend
52$4,200,000$4,200,000$4,200,000$4,200,000
53$4,632,195$4,409,595$4,344,495$4,960,186
54$5,070,417$4,591,403$4,455,774$5,359,699
55$5,552,259$4,781,041$4,569,701$5,793,153
56$6,082,135$4,978,858$4,686,332$6,267,414
57$6,664,911$5,185,220$4,805,722$6,786,540
58$7,305,945$5,400,509$4,927,927$7,354,999
59$8,011,142$5,625,125$5,053,004$7,977,711
60$8,787,010$5,859,487$5,181,010$8,660,097
61$9,640,716$6,104,033$5,312,005$9,408,122
62$10,580,159$6,359,221$5,446,048$10,228,362
63$11,614,042$6,625,530$5,583,197$11,128,054
64$12,751,955$6,903,461$5,723,515$12,115,173
65$14,004,463$7,193,539$5,867,061$13,198,502
66$15,383,209$7,496,313$6,013,898$14,387,715
67$16,901,021$7,812,358$6,164,089$15,693,468
68$18,572,035$8,142,273$6,317,695$17,127,501
69$20,411,826$8,486,688$6,474,781$18,702,745
70$22,437,557$8,846,260$6,635,412$20,433,445
71$24,668,140$9,221,679$6,799,650$22,335,294
72$27,124,414$9,613,665$6,967,562$24,425,582
73$29,829,342$10,022,973$7,139,213$26,723,355
74$32,808,227$10,450,391$7,314,669$29,249,596
75$36,088,952$10,896,745$7,493,996$32,027,424
76$39,702,240$11,362,901$7,677,260$35,082,307
77$43,681,949$11,849,763$7,864,529$38,442,308
78$48,065,385$12,358,280$8,055,868$42,138,342
79$52,893,661$12,889,441$8,251,346$46,204,475
80$58,212,076$13,444,286$8,451,028$50,678,236
81$64,070,553$14,023,902$8,654,983$55,600,978
82$70,524,102$14,629,425$8,863,277$61,018,263
83$77,633,340$15,262,046$9,075,977$66,980,291
84$85,465,068$15,923,014$9,293,149$73,542,377
85$94,092,895$16,613,632$9,514,860$80,765,469
86$103,597,938$17,335,267$9,741,175$88,716,721
87$114,069,584$18,089,352$9,972,161$97,470,129
88$125,606,335$18,877,383$10,207,881$107,107,228
89$138,316,736$19,700,930$10,448,400$117,717,857
90$152,320,402$20,561,635$10,693,781$129,401,012
91$167,749,146$21,461,218$10,944,086$142,265,773
92$184,748,223$22,401,481$11,199,376$156,432,337
93$203,477,697$23,384,309$11,459,711$172,033,149
94$224,113,961$24,411,679$11,725,150$189,214,151
95$246,851,392$25,485,658$11,995,750$208,136,160
96$271,904,192$26,608,414$12,271,565$228,976,384
97$299,508,407$27,782,213$12,552,650$251,930,092
98$329,924,157$29,009,434$12,839,056$277,212,456
99$363,438,089$30,292,564$13,130,832$305,060,583
100$400,366,084$31,634,210$13,428,025$335,735,750