Can I retire at age 53 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$363,348$360,111$356,954$353,872$350,862$342,241
2 years$179,875$176,525$173,278$170,131$167,077$158,445
3 years$118,726$115,361$112,123$109,004$106,001$97,627
4 years$88,157$84,803$81,597$78,531$75,601$67,550
5 years$69,820$66,486$63,322$60,320$57,470$49,765
6 years$57,600$54,291$51,174$48,238$45,474$38,122
7 years$48,875$45,594$42,526$39,659$36,983$29,985
8 years$42,334$39,082$36,065$33,269$30,681$24,034
9 years$37,249$34,028$31,063$28,338$25,838$19,536
10 years$33,183$29,994$27,081$24,428$22,015$16,051
11 years$29,859$26,702$23,842$21,259$18,934$13,300
12 years$27,091$23,966$21,159$18,647$16,407$11,094
13 years$24,751$21,658$18,904$16,463$14,308$9,304
14 years$22,746$19,687$16,986$14,614$12,542$7,837
15 years$21,011$17,984$15,336$13,033$11,043$6,625
16 years$19,494$16,500$13,904$11,670$9,760$5,617
17 years$18,156$15,196$12,652$10,485$8,654$4,775
18 years$16,969$14,042$11,550$9,449$7,694$4,067
19 years$15,908$13,014$10,573$8,538$6,858$3,471
20 years$14,954$12,093$9,704$7,733$6,126$2,966
21 years$14,092$11,264$8,925$7,018$5,482$2,538
22 years$13,310$10,515$8,226$6,381$4,914$2,174
23 years$12,597$9,834$7,595$5,811$4,411$1,864
24 years$11,944$9,214$7,024$5,300$3,965$1,599
25 years$11,344$8,647$6,506$4,841$3,568$1,373
26 years$10,791$8,127$6,034$4,426$3,214$1,180
27 years$10,280$7,648$5,603$4,051$2,897$1,014
28 years$9,807$7,207$5,209$3,712$2,614$872
29 years$9,367$6,799$4,847$3,404$2,361$750
30 years$8,956$6,421$4,515$3,124$2,133$645
31 years$8,574$6,070$4,209$2,869$1,928$555
32 years$8,216$5,743$3,927$2,637$1,744$478
33 years$7,880$5,439$3,667$2,425$1,579$412
34 years$7,564$5,155$3,426$2,231$1,429$355
35 years$7,268$4,889$3,203$2,054$1,295$305
36 years$6,988$4,641$2,997$1,891$1,173$263
37 years$6,724$4,408$2,805$1,743$1,063$227
38 years$6,475$4,189$2,627$1,606$964$195
39 years$6,239$3,983$2,461$1,481$874$168
40 years$6,015$3,790$2,306$1,366$793$145
41 years$5,803$3,607$2,163$1,260$719$125
42 years$5,602$3,436$2,029$1,163$653$108
43 years$5,410$3,273$1,904$1,074$592$93
44 years$5,228$3,120$1,787$991$538$80
45 years$5,054$2,975$1,678$916$488$69
46 years$4,888$2,838$1,576$846$443$59
47 years$4,730$2,709$1,481$781$402$51
48 years$4,579$2,586$1,391$722$365$44
49 years$4,434$2,469$1,308$667$332$38
50 years$4,296$2,359$1,229$617$301$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,400,000, adding $6,728 every year, while hoping to spend $24,797 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: 83/12/5 Blend
52$4,400,000$4,400,000$4,400,000$4,400,000
53$4,855,740$4,622,540$4,554,340$5,257,942
54$5,324,642$4,822,661$4,680,527$5,721,612
55$5,840,540$5,031,756$4,810,109$6,226,578
56$6,408,203$5,250,240$4,943,176$6,780,254
57$7,032,883$5,478,545$5,079,816$7,387,506
58$7,720,369$5,717,125$5,220,121$8,053,688
59$8,477,037$5,966,455$5,364,186$8,784,699
60$9,309,915$6,227,031$5,512,106$9,587,034
61$10,226,745$6,499,375$5,663,980$10,467,845
62$11,236,060$6,784,031$5,819,910$11,435,010
63$12,347,259$7,081,569$5,979,998$12,497,205
64$13,570,702$7,392,589$6,144,351$13,663,984
65$14,917,803$7,717,715$6,313,076$14,945,874
66$16,401,139$8,057,604$6,486,284$16,354,466
67$18,034,570$8,412,941$6,664,089$17,902,528
68$19,833,366$8,784,445$6,846,607$19,604,127
69$21,814,358$9,172,871$7,033,956$21,474,755
70$23,996,086$9,579,006$7,226,258$23,531,479
71$26,398,987$10,003,677$7,423,637$25,793,098
72$29,045,574$10,447,748$7,626,220$28,280,324
73$31,960,662$10,912,126$7,834,137$31,015,972
74$35,171,590$11,397,761$8,047,521$34,025,176
75$38,708,487$11,905,647$8,266,508$37,335,626
76$42,604,554$12,436,824$8,491,238$40,977,827
77$46,896,375$12,992,386$8,721,851$44,985,387
78$51,624,267$13,573,474$8,958,494$49,395,332
79$56,832,653$14,181,285$9,201,315$54,248,456
80$62,570,491$14,817,075$9,450,466$59,589,700
81$68,891,726$15,482,157$9,706,102$65,468,584
82$75,855,807$16,177,908$9,968,381$71,939,662
83$83,528,244$16,905,770$10,237,467$79,063,044
84$91,981,227$17,667,255$10,513,524$86,904,958
85$101,294,307$18,463,945$10,796,721$95,538,376
86$111,555,147$19,297,499$11,087,232$105,043,696
87$122,860,350$20,169,655$11,385,233$115,509,507
88$135,316,372$21,082,234$11,690,904$127,033,416
89$149,040,522$22,037,143$12,004,430$139,722,972
90$164,162,075$23,036,383$12,325,998$153,696,680
91$180,823,488$24,082,047$12,655,800$169,085,113
92$199,181,747$25,176,330$12,994,032$186,032,146
93$219,409,847$26,321,533$13,340,894$204,696,311
94$241,698,428$27,520,064$13,696,591$225,252,293
95$266,257,571$28,774,450$14,061,330$247,892,574
96$293,318,782$30,087,337$14,435,323$272,829,247
97$323,137,179$31,461,498$14,818,788$300,296,019
98$355,993,899$32,899,839$15,211,945$330,550,412
99$392,198,751$34,405,406$15,615,020$363,876,191
100$432,093,143$35,981,390$16,028,242$400,586,043