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%11.7%
1 years$235,350$233,254$231,209$229,212$227,263$225,642
2 years$116,510$114,340$112,237$110,198$108,220$106,586
3 years$76,902$74,723$72,625$70,605$68,660$67,062
4 years$57,102$54,929$52,852$50,867$48,969$47,420
5 years$45,225$43,065$41,016$39,071$37,225$35,731
6 years$37,309$35,166$33,147$31,245$29,455$28,016
7 years$31,657$29,532$27,545$25,688$23,955$22,573
8 years$27,421$25,315$23,360$21,549$19,873$18,547
9 years$24,127$22,041$20,120$18,355$16,736$15,466
10 years$21,494$19,428$17,541$15,822$14,260$13,046
11 years$19,341$17,296$15,443$13,770$12,264$11,105
12 years$17,548$15,524$13,705$12,078$10,628$9,522
13 years$16,032$14,029$12,245$10,663$9,267$8,214
14 years$14,733$12,752$11,002$9,466$8,124$7,122
15 years$13,609$11,649$9,933$8,442$7,153$6,201
16 years$12,627$10,688$9,006$7,559$6,322$5,418
17 years$11,760$9,843$8,195$6,791$5,605$4,748
18 years$10,991$9,095$7,481$6,120$4,984$4,172
19 years$10,304$8,429$6,849$5,530$4,442$3,674
20 years$9,686$7,833$6,285$5,009$3,968$3,242
21 years$9,128$7,296$5,781$4,546$3,551$2,866
22 years$8,621$6,811$5,328$4,133$3,183$2,537
23 years$8,159$6,370$4,920$3,764$2,857$2,248
24 years$7,736$5,968$4,550$3,433$2,568$1,995
25 years$7,348$5,601$4,214$3,135$2,311$1,772
26 years$6,990$5,264$3,908$2,867$2,082$1,575
27 years$6,659$4,954$3,629$2,624$1,877$1,402
28 years$6,352$4,668$3,374$2,404$1,693$1,248
29 years$6,067$4,404$3,140$2,205$1,529$1,112
30 years$5,801$4,159$2,925$2,023$1,382$991
31 years$5,553$3,932$2,726$1,858$1,249$884
32 years$5,321$3,720$2,544$1,708$1,130$788
33 years$5,104$3,523$2,375$1,570$1,023$704
34 years$4,900$3,339$2,219$1,445$926$628
35 years$4,708$3,167$2,075$1,330$839$561
36 years$4,526$3,006$1,941$1,225$760$501
37 years$4,356$2,855$1,817$1,129$689$448
38 years$4,194$2,713$1,701$1,040$624$400
39 years$4,041$2,580$1,594$959$566$358
40 years$3,896$2,455$1,494$885$513$320
41 years$3,759$2,337$1,401$816$466$286
42 years$3,628$2,225$1,314$753$423$256
43 years$3,504$2,120$1,233$695$384$229
44 years$3,386$2,021$1,157$642$348$204
45 years$3,274$1,927$1,087$593$316$183
46 years$3,166$1,839$1,021$548$287$164
47 years$3,064$1,755$959$506$261$146
48 years$2,966$1,675$901$468$237$131
49 years$2,872$1,599$847$432$215$117
50 years$2,783$1,528$796$399$195$105

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 $4,400 every year, while hoping to spend $46,491 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: 32/38/30 Blend
52$2,850,000$2,850,000$2,850,000$2,850,000
53$3,145,239$2,994,189$2,950,014$3,217,054
54$3,416,587$3,091,438$2,999,373$3,370,122
55$3,714,054$3,191,894$3,048,828$3,530,494
56$4,040,257$3,295,665$3,098,332$3,702,339
57$4,398,073$3,402,863$3,147,837$3,886,701
58$4,790,677$3,513,604$3,197,290$4,084,730
59$5,221,563$3,628,007$3,246,635$4,297,689
60$5,694,579$3,746,197$3,295,815$4,526,966
61$6,213,966$3,868,300$3,344,765$4,774,087
62$6,784,395$3,994,451$3,393,418$5,040,733
63$7,411,010$4,124,786$3,441,705$5,328,751
64$8,099,481$4,259,448$3,489,549$5,640,172
65$8,856,050$4,398,584$3,536,872$5,977,234
66$9,687,598$4,542,345$3,583,588$6,342,396
67$10,601,703$4,690,890$3,629,608$6,738,366
68$11,606,715$4,844,382$3,674,838$7,168,125
69$12,711,833$5,002,989$3,719,178$7,634,953
70$13,927,191$5,166,887$3,762,522$8,142,461
71$15,263,957$5,336,257$3,804,758$8,694,624
72$16,734,433$5,511,286$3,845,770$9,295,820
73$18,352,174$5,692,168$3,885,432$9,950,868
74$20,132,116$5,879,105$3,923,615$10,665,074
75$22,090,715$6,072,304$3,960,179$11,444,282
76$24,246,102$6,271,981$3,994,979$12,294,926
77$26,618,256$6,478,359$4,027,862$13,224,093
78$29,229,190$6,691,671$4,058,667$14,239,589
79$32,103,159$6,912,154$4,087,224$15,350,010
80$35,266,890$7,140,058$4,113,355$16,564,824
81$38,749,831$7,375,639$4,136,870$17,894,461
82$42,584,432$7,619,164$4,157,574$19,350,408
83$46,806,449$7,870,908$4,175,258$20,945,321
84$51,455,282$8,131,158$4,189,704$22,693,140
85$56,574,345$8,400,208$4,200,683$24,609,222
86$62,211,477$8,678,367$4,207,955$26,710,484
87$68,419,392$8,965,952$4,211,266$29,015,565
88$75,256,179$9,263,293$4,210,352$31,544,998
89$82,785,846$9,570,730$4,204,935$34,321,405
90$91,078,924$9,888,618$4,194,723$37,369,710
91$100,213,138$10,217,324$4,179,410$40,717,371
92$110,274,133$10,557,228$4,158,675$44,394,645
93$121,356,286$10,908,723$4,132,182$48,434,865
94$133,563,595$11,272,219$4,099,578$52,874,759
95$147,010,663$11,648,139$4,060,495$57,754,794
96$161,823,774$12,036,921$4,014,545$63,119,560
97$178,142,090$12,439,022$3,961,324$69,018,186
98$196,118,962$12,854,912$3,900,407$75,504,808
99$215,923,376$13,285,082$3,831,350$82,639,074
100$237,741,548$13,730,039$3,753,688$90,486,709