Can I retire at age 53 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$371,606$368,296$365,066$361,914$358,836$357,174
2 years$183,963$180,537$177,217$173,997$170,874$169,197
3 years$121,424$117,983$114,671$111,482$108,410$106,768
4 years$90,160$86,730$83,451$80,316$77,319$75,726
5 years$71,407$67,997$64,761$61,691$58,776$57,238
6 years$58,909$55,525$52,337$49,334$46,508$45,025
7 years$49,985$46,630$43,492$40,561$37,823$36,397
8 years$43,296$39,970$36,885$34,025$31,378$30,008
9 years$38,095$34,801$31,769$28,982$26,425$25,111
10 years$33,937$30,676$27,697$24,983$22,515$21,257
11 years$30,538$27,309$24,384$21,742$19,364$18,160
12 years$27,707$24,511$21,640$19,071$16,780$15,631
13 years$25,313$22,151$19,334$16,837$14,633$13,536
14 years$23,263$20,134$17,372$14,946$12,827$11,782
15 years$21,488$18,393$15,684$13,329$11,294$10,299
16 years$19,937$16,875$14,220$11,935$9,982$9,035
17 years$18,569$15,542$12,940$10,723$8,850$7,951
18 years$17,355$14,361$11,812$9,664$7,869$7,016
19 years$16,270$13,310$10,814$8,732$7,014$6,206
20 years$15,294$12,368$9,924$7,909$6,265$5,500
21 years$14,413$11,520$9,128$7,178$5,607$4,883
22 years$13,612$10,754$8,413$6,526$5,026$4,341
23 years$12,883$10,058$7,768$5,943$4,511$3,865
24 years$12,215$9,424$7,184$5,421$4,055$3,446
25 years$11,602$8,844$6,654$4,951$3,649$3,075
26 years$11,036$8,311$6,171$4,527$3,287$2,746
27 years$10,514$7,822$5,731$4,143$2,963$2,455
28 years$10,030$7,371$5,327$3,796$2,674$2,196
29 years$9,579$6,953$4,957$3,481$2,414$1,966
30 years$9,160$6,567$4,618$3,195$2,181$1,761
31 years$8,769$6,208$4,305$2,934$1,972$1,578
32 years$8,402$5,874$4,017$2,697$1,784$1,414
33 years$8,059$5,563$3,750$2,480$1,615$1,269
34 years$7,736$5,272$3,504$2,282$1,462$1,138
35 years$7,433$5,000$3,276$2,100$1,324$1,022
36 years$7,147$4,746$3,065$1,934$1,200$917
37 years$6,877$4,508$2,868$1,782$1,087$824
38 years$6,622$4,284$2,686$1,643$986$740
39 years$6,381$4,074$2,517$1,515$894$665
40 years$6,152$3,876$2,359$1,397$811$597
41 years$5,935$3,689$2,212$1,289$736$537
42 years$5,729$3,514$2,075$1,190$667$482
43 years$5,533$3,348$1,947$1,098$606$434
44 years$5,347$3,191$1,828$1,014$550$390
45 years$5,169$3,043$1,716$936$499$351
46 years$4,999$2,903$1,612$865$453$315
47 years$4,838$2,770$1,514$799$412$284
48 years$4,683$2,645$1,423$738$374$255
49 years$4,535$2,525$1,337$682$339$229
50 years$4,394$2,412$1,257$631$308$206

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,500,000, adding $6,833 every year, while hoping to spend $58,716 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: 47/28/25 Blend
52$4,500,000$4,500,000$4,500,000$4,500,000
53$4,966,048$4,727,548$4,657,798$5,163,655
54$5,410,112$4,896,725$4,751,361$5,472,388
55$5,897,502$5,072,223$4,846,090$5,800,987
56$6,432,576$5,254,291$4,941,963$6,156,514
57$7,020,134$5,443,186$5,038,954$6,541,522
58$7,665,462$5,639,177$5,137,034$6,958,823
59$8,374,387$5,842,544$5,236,172$7,411,507
60$9,153,324$6,053,578$5,336,333$7,902,975
61$10,009,342$6,272,583$5,437,479$8,436,966
62$10,950,229$6,499,873$5,539,569$9,017,598
63$11,984,564$6,735,779$5,642,556$9,649,397
64$13,121,799$6,980,642$5,746,392$10,337,349
65$14,372,350$7,234,820$5,851,023$11,086,938
66$15,747,688$7,498,685$5,956,391$11,904,202
67$17,260,456$7,772,624$6,062,434$12,795,785
68$18,924,581$8,057,041$6,169,084$13,769,003
69$20,755,409$8,352,357$6,276,269$14,831,909
70$22,769,847$8,659,009$6,383,910$15,993,368
71$24,986,526$8,977,455$6,491,926$17,263,144
72$27,425,973$9,308,171$6,600,226$18,651,984
73$30,110,803$9,651,653$6,708,715$20,171,724
74$33,065,939$10,008,418$6,817,291$21,835,398
75$36,318,839$10,379,005$6,925,845$23,657,358
76$39,899,761$10,763,976$7,034,261$25,653,411
77$43,842,043$11,163,918$7,142,415$27,840,964
78$48,182,422$11,579,441$7,250,177$30,239,192
79$52,961,378$12,011,181$7,357,406$32,869,210
80$58,223,513$12,459,804$7,463,954$35,754,279
81$64,017,979$12,926,002$7,569,664$38,920,018
82$70,398,934$13,410,497$7,674,369$42,394,647
83$77,426,057$13,914,043$7,777,891$46,209,252
84$85,165,108$14,437,425$7,880,045$50,398,077
85$93,688,553$14,981,463$7,980,630$54,998,843
86$103,076,243$15,547,012$8,079,438$60,053,106
87$113,416,168$16,134,963$8,176,248$65,606,645
88$124,805,289$16,746,248$8,270,824$71,709,893
89$137,350,451$17,381,837$8,362,919$78,418,410
90$151,169,393$18,042,743$8,452,273$85,793,409
91$166,391,857$18,730,024$8,538,610$93,902,328
92$183,160,812$19,444,781$8,621,639$102,819,466
93$201,633,806$20,188,166$8,701,056$112,626,683
94$221,984,449$20,961,381$8,776,536$123,414,168
95$244,404,054$21,765,680$8,847,740$135,281,290
96$269,103,439$22,602,370$8,914,312$148,337,535
97$296,314,923$23,472,819$8,975,874$162,703,532
98$326,294,510$24,378,452$9,032,030$178,512,194
99$359,324,312$25,320,758$9,082,366$195,909,969
100$395,715,208$26,301,292$9,126,441$215,058,217