Can I retire at age 53 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$233,699$231,617$229,586$227,604$225,668$221,930
2 years$115,692$113,538$111,450$109,425$107,461$103,705
3 years$76,362$74,198$72,115$70,110$68,178$64,522
4 years$56,701$54,544$52,481$50,510$48,625$45,097
5 years$44,907$42,763$40,728$38,797$36,964$33,574
6 years$37,047$34,919$32,914$31,026$29,248$26,001
7 years$31,435$29,325$27,352$25,508$23,787$20,682
8 years$27,228$25,137$23,196$21,398$19,733$16,771
9 years$23,958$21,886$19,979$18,226$16,618$13,797
10 years$21,343$19,292$17,418$15,711$14,160$11,477
11 years$19,205$17,174$15,335$13,674$12,178$9,630
12 years$17,424$15,415$13,609$11,994$10,553$8,138
13 years$15,919$13,930$12,159$10,589$9,202$6,916
14 years$14,630$12,662$10,925$9,399$8,067$5,905
15 years$13,514$11,567$9,864$8,383$7,103$5,062
16 years$12,538$10,613$8,943$7,506$6,277$4,353
17 years$11,678$9,774$8,138$6,744$5,566$3,754
18 years$10,914$9,032$7,429$6,077$4,949$3,245
19 years$10,232$8,370$6,801$5,492$4,411$2,810
20 years$9,618$7,778$6,241$4,974$3,940$2,438
21 years$9,064$7,245$5,741$4,514$3,526$2,118
22 years$8,561$6,763$5,291$4,104$3,160$1,843
23 years$8,102$6,325$4,885$3,738$2,837$1,605
24 years$7,682$5,926$4,518$3,409$2,550$1,399
25 years$7,296$5,562$4,185$3,113$2,295$1,220
26 years$6,941$5,227$3,881$2,847$2,067$1,065
27 years$6,612$4,919$3,604$2,606$1,863$931
28 years$6,307$4,635$3,350$2,387$1,681$813
29 years$6,024$4,373$3,118$2,189$1,518$711
30 years$5,761$4,130$2,904$2,009$1,372$622
31 years$5,514$3,904$2,707$1,845$1,240$544
32 years$5,284$3,694$2,526$1,696$1,122$476
33 years$5,068$3,498$2,359$1,559$1,015$417
34 years$4,865$3,316$2,204$1,435$919$365
35 years$4,674$3,145$2,060$1,321$833$320
36 years$4,495$2,985$1,927$1,216$754$280
37 years$4,325$2,835$1,804$1,121$684$246
38 years$4,165$2,694$1,689$1,033$620$215
39 years$4,013$2,562$1,583$953$562$189
40 years$3,869$2,437$1,483$879$510$165
41 years$3,733$2,320$1,391$811$463$145
42 years$3,603$2,210$1,305$748$420$127
43 years$3,480$2,105$1,224$691$381$111
44 years$3,362$2,007$1,149$638$346$98
45 years$3,251$1,914$1,079$589$314$86
46 years$3,144$1,826$1,014$544$285$75
47 years$3,042$1,742$952$503$259$66
48 years$2,945$1,663$895$464$235$58
49 years$2,852$1,588$841$429$213$51
50 years$2,763$1,517$791$397$194$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,830,000, adding $6,527 every year, while hoping to spend $21,416 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: 52/27/21 Blend
52$2,830,000$2,830,000$2,830,000$2,830,000
53$3,125,393$2,975,403$2,931,538$3,269,451
54$3,421,396$3,098,411$3,006,958$3,492,445
55$3,746,874$3,226,729$3,084,187$3,732,115
56$4,104,811$3,360,594$3,163,262$3,992,358
57$4,498,493$3,500,255$3,244,223$4,275,137
58$4,931,544$3,645,971$3,327,108$4,582,610
59$5,407,952$3,798,015$3,411,958$4,917,150
60$5,932,117$3,956,671$3,498,812$5,281,365
61$6,508,881$4,122,236$3,587,711$5,678,124
62$7,143,584$4,295,023$3,678,696$6,110,585
63$7,842,106$4,475,356$3,771,809$6,582,218
64$8,610,929$4,663,576$3,867,092$7,096,844
65$9,457,193$4,860,041$3,964,589$7,658,663
66$10,388,766$5,065,122$4,064,343$8,272,301
67$11,414,319$5,279,211$4,166,396$8,942,846
68$12,543,403$5,502,717$4,270,795$9,675,897
69$13,786,547$5,736,066$4,377,582$10,477,617
70$15,155,347$5,979,706$4,486,804$11,354,790
71$16,662,587$6,234,106$4,598,506$12,314,881
72$18,322,349$6,499,755$4,712,734$13,366,112
73$20,150,152$6,777,167$4,829,534$14,517,529
74$22,163,097$7,066,878$4,948,954$15,779,095
75$24,380,028$7,369,450$5,071,039$17,161,777
76$26,821,709$7,685,471$5,195,837$18,677,651
77$29,511,022$8,015,557$5,323,395$20,340,014
78$32,473,180$8,360,353$5,453,763$22,163,507
79$35,735,966$8,720,533$5,586,986$24,164,253
80$39,329,999$9,096,803$5,723,114$26,360,007
81$43,289,015$9,489,903$5,862,195$28,770,323
82$47,650,193$9,900,606$6,004,277$31,416,734
83$52,454,500$10,329,723$6,149,407$34,322,957
84$57,747,082$10,778,103$6,297,636$37,515,113
85$63,577,688$11,246,633$6,449,010$41,021,972
86$70,001,138$11,736,244$6,603,577$44,875,222
87$77,077,843$12,247,909$6,761,387$49,109,768
88$84,874,375$12,782,649$6,922,485$53,764,058
89$93,464,093$13,341,530$7,086,920$58,880,441
90$102,927,837$13,925,672$7,254,738$64,505,569
91$113,354,691$14,536,244$7,425,986$70,690,833
92$124,842,822$15,174,473$7,600,710$77,492,845
93$137,500,410$15,841,643$7,778,954$84,973,968
94$151,446,667$16,539,098$7,960,764$93,202,906
95$166,812,960$17,268,246$8,146,182$102,255,348
96$183,744,054$18,030,563$8,335,252$112,214,676
97$202,399,480$18,827,593$8,528,015$123,172,754
98$222,955,036$19,660,954$8,724,512$135,230,788
99$245,604,448$20,532,339$8,924,782$148,500,282
100$270,561,203$21,443,525$9,128,864$163,104,081