Can I retire at age 53 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$235,350$233,254$231,209$229,212$227,263$219,374
2 years$116,510$114,340$112,237$110,198$108,220$100,354
3 years$76,902$74,723$72,625$70,605$68,660$61,063
4 years$57,102$54,929$52,852$50,867$48,969$41,700
5 years$45,225$43,065$41,016$39,071$37,225$30,303
6 years$37,309$35,166$33,147$31,245$29,455$22,885
7 years$31,657$29,532$27,545$25,688$23,955$17,736
8 years$27,421$25,315$23,360$21,549$19,873$14,000
9 years$24,127$22,041$20,120$18,355$16,736$11,202
10 years$21,494$19,428$17,541$15,822$14,260$9,055
11 years$19,341$17,296$15,443$13,770$12,264$7,378
12 years$17,548$15,524$13,705$12,078$10,628$6,050
13 years$16,032$14,029$12,245$10,663$9,267$4,985
14 years$14,733$12,752$11,002$9,466$8,124$4,124
15 years$13,609$11,649$9,933$8,442$7,153$3,423
16 years$12,627$10,688$9,006$7,559$6,322$2,849
17 years$11,760$9,843$8,195$6,791$5,605$2,376
18 years$10,991$9,095$7,481$6,120$4,984$1,985
19 years$10,304$8,429$6,849$5,530$4,442$1,661
20 years$9,686$7,833$6,285$5,009$3,968$1,392
21 years$9,128$7,296$5,781$4,546$3,551$1,167
22 years$8,621$6,811$5,328$4,133$3,183$980
23 years$8,159$6,370$4,920$3,764$2,857$823
24 years$7,736$5,968$4,550$3,433$2,568$692
25 years$7,348$5,601$4,214$3,135$2,311$582
26 years$6,990$5,264$3,908$2,867$2,082$489
27 years$6,659$4,954$3,629$2,624$1,877$412
28 years$6,352$4,668$3,374$2,404$1,693$347
29 years$6,067$4,404$3,140$2,205$1,529$292
30 years$5,801$4,159$2,925$2,023$1,382$246
31 years$5,553$3,932$2,726$1,858$1,249$207
32 years$5,321$3,720$2,544$1,708$1,130$175
33 years$5,104$3,523$2,375$1,570$1,023$147
34 years$4,900$3,339$2,219$1,445$926$124
35 years$4,708$3,167$2,075$1,330$839$104
36 years$4,526$3,006$1,941$1,225$760$88
37 years$4,356$2,855$1,817$1,129$689$74
38 years$4,194$2,713$1,701$1,040$624$63
39 years$4,041$2,580$1,594$959$566$53
40 years$3,896$2,455$1,494$885$513$44
41 years$3,759$2,337$1,401$816$466$37
42 years$3,628$2,225$1,314$753$423$32
43 years$3,504$2,120$1,233$695$384$27
44 years$3,386$2,021$1,157$642$348$22
45 years$3,274$1,927$1,087$593$316$19
46 years$3,166$1,839$1,021$548$287$16
47 years$3,064$1,755$959$506$261$13
48 years$2,966$1,675$901$468$237$11
49 years$2,872$1,599$847$432$215$10
50 years$2,783$1,528$796$399$195$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,850,000, adding $2,357 every year, while hoping to spend $27,677 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: 40/46/14 Blend
52$2,850,000$2,850,000$2,850,000$2,850,000
53$3,143,131$2,992,081$2,947,906$3,255,658
54$3,434,283$3,109,245$3,017,213$3,452,731
55$3,754,204$3,231,222$3,087,914$3,662,904
56$4,105,800$3,358,220$3,160,026$3,889,668
57$4,492,272$3,490,453$3,233,568$4,134,540
58$4,917,146$3,628,148$3,308,555$4,399,187
59$5,384,307$3,771,539$3,385,004$4,685,437
60$5,898,035$3,920,873$3,462,930$4,995,297
61$6,463,047$4,076,408$3,542,350$5,330,973
62$7,084,537$4,238,411$3,623,278$5,694,886
63$7,768,230$4,407,164$3,705,728$6,089,699
64$8,520,433$4,582,959$3,789,714$6,518,333
65$9,348,097$4,766,103$3,875,249$6,984,004
66$10,258,877$4,956,916$3,962,344$7,490,242
67$11,261,211$5,155,734$4,051,011$8,040,929
68$12,364,395$5,362,905$4,141,260$8,640,333
69$13,578,671$5,578,796$4,233,101$9,293,148
70$14,915,327$5,803,788$4,326,541$10,004,534
71$16,386,798$6,038,281$4,421,587$10,780,166
72$18,006,787$6,282,693$4,518,247$11,626,289
73$19,790,395$6,537,460$4,616,523$12,549,768
74$21,754,257$6,803,038$4,716,419$13,558,158
75$23,916,710$7,079,904$4,817,937$14,659,772
76$26,297,953$7,368,558$4,921,076$15,863,756
77$28,920,247$7,669,521$5,025,836$17,180,172
78$31,808,123$7,983,338$5,132,212$18,620,097
79$34,988,609$8,310,579$5,240,198$20,195,720
80$38,491,491$8,651,841$5,349,789$21,920,456
81$42,349,589$9,007,747$5,460,972$23,809,074
82$46,599,069$9,378,950$5,573,738$25,877,827
83$51,279,787$9,766,131$5,688,070$28,144,610
84$56,435,657$10,170,003$5,803,953$30,629,124
85$62,115,074$10,591,313$5,921,365$33,353,059
86$68,371,365$11,030,841$6,040,285$36,340,293
87$75,263,296$11,489,404$6,160,685$39,617,122
88$82,855,622$11,967,854$6,282,538$43,212,498
89$91,219,703$12,467,087$6,405,810$47,158,301
90$100,434,173$12,988,034$6,530,466$51,489,641
91$110,585,686$13,531,676$6,656,464$56,245,180
92$121,769,731$14,099,033$6,783,761$61,467,497
93$134,091,535$14,691,176$6,912,307$67,203,486
94$147,667,053$15,309,226$7,042,051$73,504,792
95$162,624,066$15,954,352$7,172,934$80,428,298
96$179,103,387$16,627,781$7,304,893$88,036,657
97$197,260,186$17,330,796$7,437,861$96,398,878
98$217,265,458$18,064,738$7,571,762$105,590,972
99$239,307,637$18,831,012$7,706,519$115,696,668
100$263,594,373$19,631,089$7,842,044$126,808,194