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%16.3%
1 years$232,047$229,980$227,964$225,995$224,073$218,302
2 years$114,875$112,735$110,662$108,652$106,702$100,926
3 years$75,822$73,674$71,606$69,614$67,696$62,096
4 years$56,300$54,158$52,111$50,153$48,281$42,900
5 years$44,590$42,461$40,440$38,522$36,703$31,555
6 years$36,785$34,672$32,681$30,807$29,042$24,133
7 years$31,213$29,118$27,158$25,328$23,619$18,950
8 years$27,036$24,959$23,033$21,247$19,594$15,162
9 years$23,788$21,732$19,838$18,098$16,501$12,302
10 years$21,192$19,155$17,295$15,600$14,060$10,089
11 years$19,069$17,053$15,226$13,577$12,092$8,344
12 years$17,301$15,306$13,513$11,909$10,478$6,946
13 years$15,807$13,832$12,073$10,514$9,137$5,813
14 years$14,527$12,573$10,848$9,333$8,010$4,887
15 years$13,418$11,485$9,794$8,323$7,052$4,122
16 years$12,449$10,538$8,880$7,453$6,233$3,488
17 years$11,595$9,705$8,080$6,696$5,527$2,959
18 years$10,837$8,968$7,376$6,035$4,914$2,515
19 years$10,159$8,311$6,752$5,453$4,380$2,141
20 years$9,550$7,723$6,197$4,938$3,912$1,825
21 years$9,000$7,194$5,700$4,482$3,501$1,558
22 years$8,500$6,715$5,254$4,075$3,138$1,332
23 years$8,045$6,281$4,851$3,711$2,817$1,139
24 years$7,628$5,884$4,486$3,385$2,532$975
25 years$7,245$5,522$4,155$3,091$2,278$835
26 years$6,892$5,190$3,854$2,827$2,052$716
27 years$6,565$4,884$3,578$2,587$1,850$614
28 years$6,263$4,603$3,327$2,370$1,670$526
29 years$5,982$4,342$3,096$2,174$1,508$452
30 years$5,720$4,101$2,883$1,995$1,362$388
31 years$5,475$3,876$2,688$1,832$1,232$333
32 years$5,247$3,668$2,508$1,684$1,114$286
33 years$5,032$3,474$2,342$1,548$1,008$246
34 years$4,831$3,292$2,188$1,425$913$211
35 years$4,641$3,123$2,046$1,312$827$181
36 years$4,463$2,964$1,914$1,208$749$156
37 years$4,294$2,815$1,791$1,113$679$134
38 years$4,135$2,675$1,677$1,026$616$115
39 years$3,985$2,544$1,572$946$558$99
40 years$3,842$2,420$1,473$872$506$85
41 years$3,706$2,304$1,381$805$459$73
42 years$3,578$2,194$1,296$743$417$63
43 years$3,455$2,090$1,216$686$378$54
44 years$3,339$1,993$1,141$633$343$46
45 years$3,228$1,900$1,072$585$312$40
46 years$3,122$1,813$1,006$540$283$34
47 years$3,021$1,730$946$499$257$29
48 years$2,924$1,651$889$461$233$25
49 years$2,832$1,577$835$426$212$22
50 years$2,744$1,506$785$394$193$19

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 $4,922 every year, while hoping to spend $33,778 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: 68/7/25 Blend
52$2,810,000$2,810,000$2,810,000$2,810,000
53$3,101,697$2,952,767$2,909,212$3,292,365
54$3,382,131$3,061,513$2,970,731$3,529,720
55$3,690,036$3,174,456$3,033,179$3,784,972
56$4,028,181$3,291,765$3,096,551$4,063,447
57$4,399,611$3,413,617$3,160,842$4,367,438
58$4,807,685$3,540,198$3,226,043$4,699,475
59$5,256,101$3,671,700$3,292,148$5,062,340
60$5,748,933$3,808,323$3,359,145$5,459,098
61$6,290,671$3,950,277$3,427,022$5,893,127
62$6,886,259$4,097,780$3,495,767$6,368,144
63$7,541,146$4,251,060$3,565,365$6,888,246
64$8,261,335$4,410,355$3,635,797$7,457,943
65$9,053,440$4,575,911$3,707,044$8,082,205
66$9,924,747$4,747,986$3,779,086$8,766,507
67$10,883,285$4,926,851$3,851,899$9,516,877
68$11,937,899$5,112,786$3,925,457$10,339,959
69$13,098,337$5,306,085$3,999,732$11,243,071
70$14,375,336$5,507,052$4,074,692$12,234,274
71$15,780,730$5,716,007$4,150,304$13,322,451
72$17,327,556$5,933,283$4,226,530$14,517,386
73$19,030,179$6,159,226$4,303,332$15,829,859
74$20,904,430$6,394,201$4,380,666$17,271,748
75$22,967,749$6,638,584$4,458,485$18,856,140
76$25,239,355$6,892,770$4,536,740$20,597,451
77$27,740,425$7,157,172$4,615,377$22,511,567
78$30,494,294$7,432,219$4,694,338$24,615,992
79$33,526,675$7,718,360$4,773,561$26,930,011
80$36,865,900$8,016,064$4,852,979$29,474,872
81$40,543,190$8,325,820$4,932,523$32,273,990
82$44,592,949$8,648,138$5,012,116$35,353,162
83$49,053,085$8,983,552$5,091,677$38,740,815
84$53,965,373$9,332,619$5,171,121$42,468,270
85$59,375,843$9,695,919$5,250,355$46,570,043
86$65,335,220$10,074,061$5,329,283$51,084,162
87$71,899,399$10,467,676$5,407,801$56,052,533
88$79,129,974$10,877,429$5,485,799$61,521,333
89$87,094,818$11,304,010$5,563,160$67,541,445
90$95,868,724$11,748,141$5,639,760$74,168,935
91$105,534,111$12,210,577$5,715,469$81,465,589
92$116,181,801$12,692,106$5,790,148$89,499,485
93$127,911,877$13,193,551$5,863,650$98,345,645
94$140,834,625$13,715,772$5,935,819$108,086,737
95$155,071,580$14,259,668$6,006,492$118,813,858
96$170,756,666$14,826,177$6,075,495$130,627,389
97$188,037,467$15,416,280$6,142,644$143,637,948
98$207,076,613$16,031,002$6,207,747$157,967,432
99$228,053,320$16,671,414$6,270,600$173,750,162
100$251,165,081$17,338,636$6,330,987$191,134,159