Can I retire at age 53 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$388,122$384,664$381,291$377,999$374,785$359,915
2 years$192,139$188,561$185,093$181,730$178,469$163,672
3 years$126,821$123,227$119,767$116,436$113,228$98,970
4 years$94,168$90,585$87,160$83,886$80,755$67,145
5 years$74,581$71,019$67,640$64,432$61,389$48,460
6 years$61,527$57,993$54,663$51,527$48,575$36,337
7 years$52,207$48,702$45,425$42,363$39,504$27,952
8 years$45,220$41,747$38,524$35,538$32,773$21,895
9 years$39,788$36,348$33,181$30,270$27,599$17,379
10 years$35,446$32,039$28,928$26,093$23,516$13,934
11 years$31,895$28,522$25,468$22,709$20,225$11,257
12 years$28,938$25,600$22,602$19,919$17,526$9,150
13 years$26,438$23,135$20,193$17,585$15,283$7,473
14 years$24,297$21,029$18,144$15,610$13,397$6,127
15 years$22,443$19,211$16,381$13,922$11,796$5,038
16 years$20,823$17,625$14,852$12,465$10,425$4,154
17 years$19,394$16,232$13,515$11,200$9,244$3,431
18 years$18,126$14,999$12,337$10,093$8,219$2,839
19 years$16,993$13,901$11,294$9,120$7,326$2,352
20 years$15,974$12,918$10,365$8,260$6,544$1,951
21 years$15,053$12,032$9,534$7,497$5,856$1,620
22 years$14,217$11,232$8,787$6,816$5,249$1,346
23 years$13,455$10,505$8,113$6,208$4,712$1,119
24 years$12,758$9,842$7,503$5,662$4,235$931
25 years$12,117$9,237$6,950$5,171$3,811$775
26 years$11,527$8,681$6,445$4,728$3,433$645
27 years$10,981$8,170$5,985$4,327$3,095$537
28 years$10,475$7,698$5,564$3,965$2,793$448
29 years$10,005$7,262$5,178$3,636$2,522$373
30 years$9,567$6,859$4,823$3,337$2,278$311
31 years$9,158$6,484$4,496$3,065$2,060$259
32 years$8,776$6,135$4,195$2,816$1,863$216
33 years$8,417$5,810$3,917$2,590$1,686$180
34 years$8,080$5,506$3,660$2,383$1,527$150
35 years$7,763$5,223$3,422$2,194$1,383$125
36 years$7,465$4,957$3,201$2,020$1,253$104
37 years$7,183$4,708$2,996$1,861$1,136$87
38 years$6,917$4,474$2,806$1,716$1,030$73
39 years$6,664$4,255$2,629$1,582$934$60
40 years$6,426$4,048$2,464$1,459$847$50
41 years$6,199$3,853$2,310$1,346$768$42
42 years$5,984$3,670$2,167$1,242$697$35
43 years$5,779$3,497$2,033$1,147$633$29
44 years$5,584$3,333$1,909$1,059$574$24
45 years$5,399$3,178$1,792$978$521$20
46 years$5,222$3,032$1,683$903$473$17
47 years$5,053$2,893$1,581$835$430$14
48 years$4,891$2,762$1,486$771$390$12
49 years$4,737$2,638$1,397$713$355$10
50 years$4,589$2,520$1,313$659$322$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $4,700,000, adding $2,961 every year, while hoping to spend $25,092 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: 37/44/19 Blend
52$4,700,000$4,700,000$4,700,000$4,700,000
53$5,182,454$4,933,354$4,860,504$5,344,365
54$5,684,367$5,148,391$4,996,633$5,676,952
55$6,236,634$5,373,123$5,136,482$6,033,377
56$6,844,364$5,608,000$5,280,148$6,417,851
57$7,513,188$5,853,491$5,427,732$6,832,906
58$8,249,310$6,110,089$5,579,337$7,281,317
59$9,059,563$6,378,307$5,735,069$7,766,132
60$9,951,481$6,658,686$5,895,036$8,290,690
61$10,933,361$6,951,791$6,059,349$8,858,659
62$12,014,348$7,258,212$6,228,121$9,474,062
63$13,204,518$7,578,571$6,401,469$10,141,317
64$14,514,973$7,913,516$6,579,513$10,865,274
65$15,957,948$8,263,726$6,762,374$11,651,259
66$17,546,924$8,629,913$6,950,179$12,505,121
67$19,296,754$9,012,824$7,143,055$13,433,287
68$21,223,810$9,413,238$7,341,133$14,442,818
69$23,346,126$9,831,975$7,544,549$15,541,473
70$25,683,580$10,269,891$7,753,440$16,737,777
71$28,258,072$10,727,883$7,967,948$18,041,104
72$31,093,738$11,206,892$8,188,217$19,461,757
73$34,217,173$11,707,902$8,414,395$21,011,062
74$37,657,681$12,231,946$8,646,634$22,701,476
75$41,447,558$12,780,105$8,885,090$24,546,696
76$45,622,389$13,353,510$9,129,921$26,561,784
77$50,221,389$13,953,349$9,381,289$28,763,311
78$55,287,771$14,580,863$9,639,363$31,169,503
79$60,869,154$15,237,355$9,904,311$33,800,409
80$67,018,011$15,924,189$10,176,309$36,678,090
81$73,792,168$16,642,795$10,455,536$39,826,819
82$81,255,347$17,394,669$10,742,173$43,273,303
83$89,477,765$18,181,381$11,036,409$47,046,936
84$98,536,803$19,004,574$11,338,435$51,180,064
85$108,517,731$19,865,972$11,648,446$55,708,290
86$119,514,513$20,767,379$11,966,643$60,670,798
87$131,630,699$21,710,686$12,293,231$66,110,724
88$144,980,395$22,697,874$12,628,419$72,075,549
89$159,689,346$23,731,021$12,972,422$78,617,544
90$175,896,120$24,812,302$13,325,459$85,794,258
91$193,753,417$25,943,997$13,687,754$93,669,048
92$213,429,509$27,128,496$14,059,537$102,311,674
93$235,109,829$28,368,302$14,441,042$111,798,947
94$258,998,722$29,666,040$14,832,508$122,215,443
95$285,321,375$31,024,460$15,234,180$133,654,299
96$314,325,940$32,446,442$15,646,310$146,218,076
97$346,285,876$33,935,008$16,069,151$160,019,717
98$381,502,535$35,493,323$16,502,967$175,183,609
99$420,308,001$37,124,703$16,948,024$191,846,739
100$463,068,228$38,832,625$17,404,594$210,159,980