Can I retire at age 53 with 2,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$231,221$229,162$227,152$225,191$223,276$217,086
2 years$114,466$112,334$110,268$108,265$106,322$100,132
3 years$75,553$73,412$71,351$69,366$67,455$61,459
4 years$56,100$53,965$51,925$49,975$48,109$42,353
5 years$44,431$42,309$40,296$38,385$36,572$31,071
6 years$36,655$34,549$32,565$30,697$28,938$23,698
7 years$31,102$29,014$27,062$25,238$23,535$18,555
8 years$26,940$24,870$22,951$21,171$19,524$14,803
9 years$23,704$21,654$19,767$18,033$16,442$11,975
10 years$21,117$19,087$17,234$15,545$14,010$9,790
11 years$19,001$16,992$15,172$13,529$12,049$8,070
12 years$17,240$15,251$13,465$11,866$10,441$6,696
13 years$15,750$13,783$12,030$10,476$9,105$5,586
14 years$14,475$12,528$10,809$9,300$7,981$4,679
15 years$13,370$11,445$9,759$8,294$7,027$3,934
16 years$12,405$10,500$8,848$7,426$6,211$3,316
17 years$11,554$9,670$8,051$6,672$5,507$2,803
18 years$10,799$8,936$7,350$6,013$4,896$2,373
19 years$10,123$8,282$6,728$5,433$4,364$2,013
20 years$9,516$7,696$6,175$4,921$3,898$1,710
21 years$8,968$7,168$5,680$4,466$3,489$1,454
22 years$8,470$6,691$5,235$4,061$3,127$1,238
23 years$8,016$6,258$4,833$3,698$2,807$1,055
24 years$7,601$5,864$4,470$3,373$2,523$899
25 years$7,219$5,503$4,140$3,080$2,270$767
26 years$6,867$5,172$3,840$2,816$2,045$655
27 years$6,542$4,867$3,566$2,578$1,844$559
28 years$6,241$4,586$3,315$2,362$1,664$478
29 years$5,961$4,327$3,085$2,166$1,502$408
30 years$5,700$4,086$2,873$1,988$1,357$349
31 years$5,456$3,863$2,679$1,826$1,227$298
32 years$5,228$3,655$2,499$1,678$1,110$255
33 years$5,014$3,461$2,334$1,543$1,005$218
34 years$4,814$3,280$2,180$1,420$910$187
35 years$4,625$3,111$2,038$1,307$824$160
36 years$4,447$2,953$1,907$1,204$746$137
37 years$4,279$2,805$1,785$1,109$677$117
38 years$4,120$2,666$1,671$1,022$613$100
39 years$3,970$2,535$1,566$942$556$86
40 years$3,828$2,412$1,468$869$504$73
41 years$3,693$2,296$1,376$802$458$63
42 years$3,565$2,186$1,291$740$415$54
43 years$3,443$2,083$1,211$683$377$46
44 years$3,327$1,986$1,137$631$342$39
45 years$3,216$1,893$1,068$583$311$34
46 years$3,111$1,806$1,003$538$282$29
47 years$3,010$1,724$942$497$256$25
48 years$2,914$1,646$885$459$233$21
49 years$2,822$1,571$832$425$211$18
50 years$2,734$1,501$782$392$192$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,800,000, adding $5,317 every year, while hoping to spend $41,860 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: 43/39/18 Blend
52$2,800,000$2,800,000$2,800,000$2,800,000
53$3,091,084$2,942,684$2,899,284$3,207,598
54$3,361,836$3,042,337$2,951,872$3,389,900
55$3,658,802$3,145,470$3,004,818$3,582,759
56$3,984,611$3,252,209$3,058,090$3,790,826
57$4,342,160$3,362,686$3,111,655$4,015,518
58$4,734,639$3,477,036$3,165,474$4,258,398
59$5,165,562$3,595,401$3,219,508$4,521,182
60$5,638,802$3,717,928$3,273,713$4,805,755
61$6,158,621$3,844,769$3,328,045$5,114,192
62$6,729,720$3,976,081$3,382,453$5,448,776
63$7,357,272$4,112,030$3,436,886$5,812,016
64$8,046,980$4,252,786$3,491,288$6,206,674
65$8,805,125$4,398,526$3,545,600$6,635,788
66$9,638,628$4,549,433$3,599,757$7,102,700
67$10,555,112$4,705,700$3,653,693$7,611,090
68$11,562,978$4,867,524$3,707,336$8,165,005
69$12,671,481$5,035,111$3,760,611$8,768,902
70$13,890,817$5,208,676$3,813,436$9,427,685
71$15,232,220$5,388,442$3,865,727$10,146,753
72$16,708,070$5,574,639$3,917,392$10,932,050
73$18,332,005$5,767,508$3,968,336$11,790,118
74$20,119,052$5,967,298$4,018,458$12,728,163
75$22,085,769$6,174,269$4,067,650$13,754,117
76$24,250,400$6,388,691$4,115,799$14,876,714
77$26,633,048$6,610,844$4,162,785$16,105,573
78$29,255,863$6,841,020$4,208,482$17,451,286
79$32,143,251$7,079,520$4,252,757$18,925,517
80$35,322,107$7,326,661$4,295,469$20,541,113
81$38,822,064$7,582,769$4,336,469$22,312,223
82$42,675,775$7,848,186$4,375,602$24,254,431
83$46,919,222$8,123,264$4,412,701$26,384,900
84$51,592,051$8,408,373$4,447,596$28,722,537
85$56,737,951$8,703,894$4,480,101$31,288,167
86$62,405,064$9,010,227$4,510,027$34,104,729
87$68,646,438$9,327,785$4,537,169$37,197,493
88$75,520,527$9,656,999$4,561,317$40,594,295
89$83,091,746$9,998,318$4,582,247$44,325,801
90$91,431,076$10,352,207$4,599,724$48,425,793
91$100,616,732$10,719,151$4,613,501$52,931,488
92$110,734,905$11,099,656$4,623,320$57,883,885
93$121,880,573$11,494,247$4,628,909$63,328,157
94$134,158,397$11,903,470$4,629,982$69,314,068
95$147,683,707$12,327,894$4,626,240$75,896,446
96$162,583,596$12,768,111$4,617,370$83,135,700
97$178,998,111$13,224,738$4,603,041$91,098,383
98$197,081,584$13,698,415$4,582,908$99,857,826
99$217,004,079$14,189,812$4,556,609$109,494,821
100$238,953,005$14,699,621$4,523,765$120,098,388