Can I retire at age 53 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$232,047$229,980$227,964$225,995$224,073$221,273
2 years$114,875$112,735$110,662$108,652$106,702$103,884
3 years$75,822$73,674$71,606$69,614$67,696$64,949
4 years$56,300$54,158$52,111$50,153$48,281$45,625
5 years$44,590$42,461$40,440$38,522$36,703$34,146
6 years$36,785$34,672$32,681$30,807$29,042$26,587
7 years$31,213$29,118$27,158$25,328$23,619$21,267
8 years$27,036$24,959$23,033$21,247$19,594$17,345
9 years$23,788$21,732$19,838$18,098$16,501$14,354
10 years$21,192$19,155$17,295$15,600$14,060$12,013
11 years$19,069$17,053$15,226$13,577$12,092$10,143
12 years$17,301$15,306$13,513$11,909$10,478$8,627
13 years$15,807$13,832$12,073$10,514$9,137$7,380
14 years$14,527$12,573$10,848$9,333$8,010$6,343
15 years$13,418$11,485$9,794$8,323$7,052$5,475
16 years$12,449$10,538$8,880$7,453$6,233$4,741
17 years$11,595$9,705$8,080$6,696$5,527$4,118
18 years$10,837$8,968$7,376$6,035$4,914$3,585
19 years$10,159$8,311$6,752$5,453$4,380$3,128
20 years$9,550$7,723$6,197$4,938$3,912$2,734
21 years$9,000$7,194$5,700$4,482$3,501$2,393
22 years$8,500$6,715$5,254$4,075$3,138$2,098
23 years$8,045$6,281$4,851$3,711$2,817$1,841
24 years$7,628$5,884$4,486$3,385$2,532$1,617
25 years$7,245$5,522$4,155$3,091$2,278$1,422
26 years$6,892$5,190$3,854$2,827$2,052$1,251
27 years$6,565$4,884$3,578$2,587$1,850$1,102
28 years$6,263$4,603$3,327$2,370$1,670$971
29 years$5,982$4,342$3,096$2,174$1,508$856
30 years$5,720$4,101$2,883$1,995$1,362$755
31 years$5,475$3,876$2,688$1,832$1,232$666
32 years$5,247$3,668$2,508$1,684$1,114$588
33 years$5,032$3,474$2,342$1,548$1,008$519
34 years$4,831$3,292$2,188$1,425$913$458
35 years$4,641$3,123$2,046$1,312$827$405
36 years$4,463$2,964$1,914$1,208$749$358
37 years$4,294$2,815$1,791$1,113$679$316
38 years$4,135$2,675$1,677$1,026$616$279
39 years$3,985$2,544$1,572$946$558$247
40 years$3,842$2,420$1,473$872$506$218
41 years$3,706$2,304$1,381$805$459$193
42 years$3,578$2,194$1,296$743$417$171
43 years$3,455$2,090$1,216$686$378$151
44 years$3,339$1,993$1,141$633$343$133
45 years$3,228$1,900$1,072$585$312$118
46 years$3,122$1,813$1,006$540$283$104
47 years$3,021$1,730$946$499$257$92
48 years$2,924$1,651$889$461$233$82
49 years$2,832$1,577$835$426$212$72
50 years$2,744$1,506$785$394$193$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,810,000, adding $3,105 every year, while hoping to spend $42,165 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: 66/20/14 Blend
52$2,810,000$2,810,000$2,810,000$2,810,000
53$3,099,823$2,950,893$2,907,338$3,294,061
54$3,371,142$3,050,623$2,959,870$3,523,853
55$3,668,722$3,153,827$3,012,750$3,769,708
56$3,995,197$3,260,631$3,065,943$4,037,383
57$4,353,469$3,371,164$3,119,414$4,329,012
58$4,746,734$3,485,562$3,173,126$4,646,940
59$5,178,513$3,603,966$3,227,037$4,993,754
60$5,652,682$3,726,522$3,281,104$5,372,297
61$6,173,515$3,853,380$3,335,279$5,785,702
62$6,745,716$3,984,699$3,389,514$6,237,417
63$7,374,471$4,120,641$3,443,755$6,731,240
64$8,065,491$4,261,376$3,497,945$7,271,352
65$8,825,068$4,407,081$3,552,022$7,862,359
66$9,660,134$4,557,936$3,605,924$8,509,330
67$10,578,326$4,714,134$3,659,581$9,217,851
68$11,588,059$4,875,870$3,712,921$9,994,073
69$12,698,603$5,043,350$3,765,866$10,844,770
70$13,920,172$5,216,786$3,818,334$11,777,404
71$15,264,020$5,396,399$3,870,239$12,800,195
72$16,742,547$5,582,418$3,921,488$13,922,195
73$18,369,413$5,775,083$3,971,984$15,153,377
74$20,159,672$5,974,642$4,021,625$16,504,726
75$22,129,910$6,181,350$4,070,301$17,988,345
76$24,298,402$6,395,477$4,117,896$19,617,564
77$26,685,283$6,617,300$4,164,291$21,407,071
78$29,312,743$6,847,109$4,209,355$23,373,045
79$32,205,229$7,085,203$4,252,955$25,533,312
80$35,389,680$7,331,896$4,294,946$27,907,510
81$38,895,779$7,587,511$4,335,179$30,517,274
82$42,756,236$7,852,386$4,373,495$33,386,444
83$47,007,092$8,126,873$4,409,727$36,541,281
84$51,688,061$8,411,335$4,443,698$40,010,724
85$56,842,906$8,706,153$4,475,225$43,826,653
86$62,519,848$9,011,721$4,504,111$48,024,197
87$68,772,027$9,328,449$4,530,153$52,642,061
88$75,657,995$9,656,765$4,553,134$57,722,890
89$83,242,275$9,997,111$4,572,828$63,313,675
90$91,595,967$10,349,949$4,588,999$69,466,190
91$100,797,420$10,715,761$4,601,394$76,237,485
92$110,932,969$11,095,046$4,609,753$83,690,420
93$122,097,752$11,488,323$4,613,800$91,894,260
94$134,396,605$11,896,133$4,613,245$100,925,328
95$147,945,056$12,319,040$4,607,785$110,867,723
96$162,870,408$12,757,630$4,597,102$121,814,113
97$179,312,947$13,212,511$4,580,863$133,866,610
98$197,427,263$13,684,320$4,558,717$147,137,734
99$217,383,707$14,173,715$4,530,297$161,751,471
100$239,370,003$14,681,384$4,495,220$177,844,444