Can I retire at age 53 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$379,864$376,480$373,179$369,957$366,810$358,088
2 years$188,051$184,549$181,155$177,864$174,672$165,935
3 years$124,122$120,605$117,219$113,959$110,819$102,341
4 years$92,164$88,657$85,306$82,101$79,037$70,883
5 years$72,994$69,508$66,201$63,062$60,083$52,276
6 years$60,218$56,759$53,500$50,431$47,541$40,089
7 years$51,096$47,666$44,459$41,462$38,664$31,567
8 years$44,258$40,859$37,704$34,781$32,075$25,332
9 years$38,942$35,575$32,475$29,626$27,012$20,616
10 years$34,692$31,357$28,312$25,538$23,016$16,960
11 years$31,216$27,916$24,926$22,226$19,794$14,070
12 years$28,322$25,056$22,121$19,495$17,153$11,752
13 years$25,876$22,643$19,764$17,211$14,958$9,869
14 years$23,780$20,582$17,758$15,278$13,112$8,324
15 years$21,966$18,802$16,033$13,625$11,545$7,047
16 years$20,380$17,250$14,536$12,200$10,203$5,984
17 years$18,982$15,887$13,227$10,962$9,047$5,094
18 years$17,740$14,680$12,075$9,879$8,044$4,345
19 years$16,631$13,605$11,054$8,926$7,170$3,714
20 years$15,634$12,643$10,145$8,084$6,404$3,178
21 years$14,733$11,776$9,331$7,337$5,731$2,724
22 years$13,915$10,993$8,600$6,671$5,137$2,337
23 years$13,169$10,281$7,941$6,075$4,611$2,007
24 years$12,487$9,633$7,344$5,541$4,145$1,725
25 years$11,860$9,040$6,802$5,061$3,730$1,483
26 years$11,282$8,496$6,308$4,627$3,360$1,276
27 years$10,748$7,996$5,858$4,235$3,029$1,099
28 years$10,252$7,534$5,446$3,880$2,733$946
29 years$9,792$7,108$5,068$3,558$2,468$815
30 years$9,364$6,713$4,720$3,266$2,230$703
31 years$8,963$6,346$4,401$2,999$2,016$606
32 years$8,589$6,004$4,106$2,756$1,824$522
33 years$8,238$5,686$3,834$2,535$1,650$451
34 years$7,908$5,389$3,582$2,332$1,494$389
35 years$7,598$5,112$3,349$2,147$1,353$335
36 years$7,306$4,852$3,133$1,977$1,226$289
37 years$7,030$4,608$2,932$1,822$1,111$250
38 years$6,769$4,379$2,746$1,679$1,008$215
39 years$6,523$4,164$2,573$1,548$914$186
40 years$6,289$3,962$2,411$1,428$829$161
41 years$6,067$3,771$2,261$1,318$752$139
42 years$5,856$3,592$2,121$1,216$682$120
43 years$5,656$3,422$1,990$1,122$619$103
44 years$5,465$3,262$1,868$1,036$562$89
45 years$5,284$3,111$1,754$957$510$77
46 years$5,110$2,967$1,648$884$463$66
47 years$4,945$2,832$1,548$817$421$57
48 years$4,787$2,703$1,455$755$382$50
49 years$4,636$2,582$1,367$698$347$43
50 years$4,491$2,466$1,285$645$315$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,600,000, adding $4,650 every year, while hoping to spend $28,015 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: 42/38/20 Blend
52$4,600,000$4,600,000$4,600,000$4,600,000
53$5,073,996$4,830,196$4,758,896$5,257,198
54$5,561,736$5,037,068$4,888,512$5,594,557
55$6,098,287$5,253,138$5,021,530$5,956,583
56$6,688,597$5,478,827$5,158,036$6,348,048
57$7,338,119$5,714,575$5,298,116$6,771,669
58$8,052,863$5,960,844$5,441,858$7,230,431
59$8,839,447$6,218,118$5,589,353$7,727,608
60$9,705,167$6,486,902$5,740,692$8,266,796
61$10,658,059$6,767,725$5,895,970$8,851,948
62$11,706,979$7,061,141$6,055,284$9,487,401
63$12,861,686$7,367,732$6,218,730$10,177,925
64$14,132,931$7,688,105$6,386,412$10,928,760
65$15,532,564$8,022,895$6,558,430$11,745,663
66$17,073,638$8,372,770$6,734,890$12,634,965
67$18,770,539$8,738,426$6,915,899$13,603,624
68$20,639,119$9,120,594$7,101,567$14,659,291
69$22,696,845$9,520,039$7,292,005$15,810,378
70$24,962,964$9,937,561$7,487,327$17,066,136
71$27,458,684$10,374,000$7,687,651$18,436,741
72$30,207,377$10,830,233$7,893,095$19,933,383
73$33,234,797$11,307,181$8,103,780$21,568,376
74$36,569,320$11,805,807$8,319,831$23,355,262
75$40,242,218$12,327,120$8,541,373$25,308,943
76$44,287,952$12,872,176$8,768,536$27,445,818
77$48,744,492$13,442,082$9,001,452$29,783,930
78$53,653,684$14,037,997$9,240,254$32,343,135
79$59,061,637$14,661,136$9,485,079$35,145,287
80$65,019,162$15,312,769$9,736,067$38,214,440
81$71,582,251$15,994,230$9,993,360$41,577,071
82$78,812,606$16,706,913$10,257,104$45,262,322
83$86,778,220$17,452,280$10,527,445$49,302,277
84$95,554,019$18,231,862$10,804,535$53,732,256
85$105,222,568$19,047,263$11,088,526$58,591,146
86$115,874,854$19,900,162$11,379,575$63,921,759
87$127,611,140$20,792,321$11,677,841$69,771,238
88$140,541,914$21,725,582$11,983,487$76,191,489
89$154,788,931$22,701,878$12,296,676$83,239,670
90$170,486,364$23,723,232$12,617,577$90,978,722
91$187,782,068$24,791,765$12,946,360$99,477,959
92$206,838,976$25,909,698$13,283,200$108,813,715
93$227,836,636$27,079,359$13,628,272$119,070,057
94$250,972,911$28,303,185$13,981,757$130,339,572
95$276,465,840$29,583,733$14,343,838$142,724,234
96$304,555,698$30,923,679$14,714,699$156,336,359
97$335,507,268$32,325,828$15,094,530$171,299,655
98$369,612,335$33,793,119$15,483,523$187,750,383
99$407,192,444$35,328,632$15,881,871$205,838,636
100$448,601,933$36,935,594$16,289,773$225,729,743