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%19.1%
1 years$235,350$233,254$231,209$229,212$227,263$218,938
2 years$116,510$114,340$112,237$110,198$108,220$99,926
3 years$76,902$74,723$72,625$70,605$68,660$60,656
4 years$57,102$54,929$52,852$50,867$48,969$41,318
5 years$45,225$43,065$41,016$39,071$37,225$29,947
6 years$37,309$35,166$33,147$31,245$29,455$22,554
7 years$31,657$29,532$27,545$25,688$23,955$17,429
8 years$27,421$25,315$23,360$21,549$19,873$13,717
9 years$24,127$22,041$20,120$18,355$16,736$10,942
10 years$21,494$19,428$17,541$15,822$14,260$8,817
11 years$19,341$17,296$15,443$13,770$12,264$7,161
12 years$17,548$15,524$13,705$12,078$10,628$5,852
13 years$16,032$14,029$12,245$10,663$9,267$4,806
14 years$14,733$12,752$11,002$9,466$8,124$3,962
15 years$13,609$11,649$9,933$8,442$7,153$3,277
16 years$12,627$10,688$9,006$7,559$6,322$2,717
17 years$11,760$9,843$8,195$6,791$5,605$2,258
18 years$10,991$9,095$7,481$6,120$4,984$1,879
19 years$10,304$8,429$6,849$5,530$4,442$1,567
20 years$9,686$7,833$6,285$5,009$3,968$1,308
21 years$9,128$7,296$5,781$4,546$3,551$1,092
22 years$8,621$6,811$5,328$4,133$3,183$913
23 years$8,159$6,370$4,920$3,764$2,857$764
24 years$7,736$5,968$4,550$3,433$2,568$640
25 years$7,348$5,601$4,214$3,135$2,311$536
26 years$6,990$5,264$3,908$2,867$2,082$449
27 years$6,659$4,954$3,629$2,624$1,877$376
28 years$6,352$4,668$3,374$2,404$1,693$316
29 years$6,067$4,404$3,140$2,205$1,529$265
30 years$5,801$4,159$2,925$2,023$1,382$222
31 years$5,553$3,932$2,726$1,858$1,249$186
32 years$5,321$3,720$2,544$1,708$1,130$156
33 years$5,104$3,523$2,375$1,570$1,023$131
34 years$4,900$3,339$2,219$1,445$926$110
35 years$4,708$3,167$2,075$1,330$839$92
36 years$4,526$3,006$1,941$1,225$760$78
37 years$4,356$2,855$1,817$1,129$689$65
38 years$4,194$2,713$1,701$1,040$624$55
39 years$4,041$2,580$1,594$959$566$46
40 years$3,896$2,455$1,494$885$513$38
41 years$3,759$2,337$1,401$816$466$32
42 years$3,628$2,225$1,314$753$423$27
43 years$3,504$2,120$1,233$695$384$23
44 years$3,386$2,021$1,157$642$348$19
45 years$3,274$1,927$1,087$593$316$16
46 years$3,166$1,839$1,021$548$287$13
47 years$3,064$1,755$959$506$261$11
48 years$2,966$1,675$901$468$237$9
49 years$2,872$1,599$847$432$215$8
50 years$2,783$1,528$796$399$195$7

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 $6,654 every year, while hoping to spend $55,732 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: 52/21/27 Blend
52$2,850,000$2,850,000$2,850,000$2,850,000
53$3,147,564$2,996,514$2,952,339$3,287,120
54$3,409,317$3,084,044$2,991,944$3,472,238
55$3,695,901$3,173,996$3,031,007$3,667,313
56$4,009,789$3,266,429$3,069,453$3,878,413
57$4,353,708$3,361,404$3,107,199$4,107,091
58$4,730,655$3,458,982$3,144,160$4,355,054
59$5,143,937$3,559,227$3,180,244$4,624,186
60$5,597,192$3,662,202$3,215,356$4,916,560
61$6,094,429$3,767,974$3,249,394$5,234,458
62$6,640,064$3,876,608$3,282,252$5,580,396
63$7,238,960$3,988,171$3,313,816$5,957,145
64$7,896,473$4,102,731$3,343,969$6,367,755
65$8,618,506$4,220,357$3,372,584$6,815,590
66$9,411,559$4,341,120$3,399,531$7,304,354
67$10,282,793$4,465,090$3,424,670$7,838,126
68$11,240,098$4,592,339$3,447,857$8,421,404
69$12,292,164$4,722,940$3,468,936$9,059,141
70$13,448,566$4,856,965$3,487,747$9,756,795
71$14,719,854$4,994,491$3,504,120$10,520,380
72$16,117,648$5,135,590$3,517,878$11,356,523
73$17,654,753$5,280,338$3,528,831$12,272,525
74$19,345,275$5,428,812$3,536,785$13,276,432
75$21,204,758$5,581,089$3,541,531$14,377,110
76$23,250,324$5,737,243$3,542,854$15,584,330
77$25,500,843$5,897,354$3,540,526$16,908,856
78$27,977,104$6,061,499$3,534,307$18,362,552
79$30,702,010$6,229,754$3,523,949$19,958,492
80$33,700,802$6,402,199$3,509,187$21,711,081
81$37,001,286$6,578,909$3,489,748$23,636,197
82$40,634,104$6,759,963$3,465,341$25,751,333
83$44,633,019$6,945,437$3,435,666$28,075,770
84$49,035,231$7,135,407$3,400,405$30,630,756
85$53,881,732$7,329,950$3,359,227$33,439,703
86$59,217,692$7,529,140$3,311,783$36,528,415
87$65,092,880$7,733,052$3,257,712$39,925,329
88$71,562,139$7,941,757$3,196,630$43,661,780
89$78,685,900$8,155,326$3,128,141$47,772,305
90$86,530,755$8,373,830$3,051,827$52,294,960
91$95,170,080$8,597,336$2,967,251$57,271,687
92$104,684,732$8,825,909$2,873,957$62,748,708
93$115,163,808$9,059,612$2,771,468$68,776,961
94$126,705,489$9,298,505$2,659,285$75,412,580
95$139,417,963$9,542,646$2,536,885$82,717,430
96$153,420,447$9,792,088$2,403,723$90,759,687
97$168,844,313$10,046,881$2,259,228$99,614,485
98$185,834,326$10,307,070$2,102,804$109,364,622
99$204,550,008$10,572,698$1,933,829$120,101,349
100$225,167,148$10,843,799$1,751,652$131,925,227