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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.5%
1 years$235,350$233,254$231,209$229,212$227,263$223,039
2 years$116,510$114,340$112,237$110,198$108,220$103,981
3 years$76,902$74,723$72,625$70,605$68,660$64,536
4 years$57,102$54,929$52,852$50,867$48,969$44,993
5 years$45,225$43,065$41,016$39,071$37,225$33,409
6 years$37,309$35,166$33,147$31,245$29,455$25,803
7 years$31,657$29,532$27,545$25,688$23,955$20,467
8 years$27,421$25,315$23,360$21,549$19,873$16,549
9 years$24,127$22,041$20,120$18,355$16,736$13,574
10 years$21,494$19,428$17,541$15,822$14,260$11,257
11 years$19,341$17,296$15,443$13,770$12,264$9,416
12 years$17,548$15,524$13,705$12,078$10,628$7,931
13 years$16,032$14,029$12,245$10,663$9,267$6,718
14 years$14,733$12,752$11,002$9,466$8,124$5,717
15 years$13,609$11,649$9,933$8,442$7,153$4,884
16 years$12,627$10,688$9,006$7,559$6,322$4,185
17 years$11,760$9,843$8,195$6,791$5,605$3,596
18 years$10,991$9,095$7,481$6,120$4,984$3,097
19 years$10,304$8,429$6,849$5,530$4,442$2,673
20 years$9,686$7,833$6,285$5,009$3,968$2,310
21 years$9,128$7,296$5,781$4,546$3,551$1,999
22 years$8,621$6,811$5,328$4,133$3,183$1,733
23 years$8,159$6,370$4,920$3,764$2,857$1,503
24 years$7,736$5,968$4,550$3,433$2,568$1,305
25 years$7,348$5,601$4,214$3,135$2,311$1,134
26 years$6,990$5,264$3,908$2,867$2,082$986
27 years$6,659$4,954$3,629$2,624$1,877$858
28 years$6,352$4,668$3,374$2,404$1,693$747
29 years$6,067$4,404$3,140$2,205$1,529$650
30 years$5,801$4,159$2,925$2,023$1,382$566
31 years$5,553$3,932$2,726$1,858$1,249$494
32 years$5,321$3,720$2,544$1,708$1,130$430
33 years$5,104$3,523$2,375$1,570$1,023$375
34 years$4,900$3,339$2,219$1,445$926$327
35 years$4,708$3,167$2,075$1,330$839$285
36 years$4,526$3,006$1,941$1,225$760$249
37 years$4,356$2,855$1,817$1,129$689$217
38 years$4,194$2,713$1,701$1,040$624$190
39 years$4,041$2,580$1,594$959$566$165
40 years$3,896$2,455$1,494$885$513$144
41 years$3,759$2,337$1,401$816$466$126
42 years$3,628$2,225$1,314$753$423$110
43 years$3,504$2,120$1,233$695$384$96
44 years$3,386$2,021$1,157$642$348$84
45 years$3,274$1,927$1,087$593$316$73
46 years$3,166$1,839$1,021$548$287$64
47 years$3,064$1,755$959$506$261$56
48 years$2,966$1,675$901$468$237$49
49 years$2,872$1,599$847$432$215$43
50 years$2,783$1,528$796$399$195$37

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 $4,395 every year, while hoping to spend $59,542 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: 59/22/19 Blend
52$2,850,000$2,850,000$2,850,000$2,850,000
53$3,145,233$2,994,183$2,950,008$3,314,893
54$3,402,695$3,077,546$2,985,481$3,513,743
55$3,684,422$3,162,998$3,020,147$3,723,599
56$3,992,827$3,250,579$3,053,916$3,951,119
57$4,330,566$3,340,328$3,086,693$4,198,023
58$4,700,564$3,432,284$3,118,377$4,466,201
59$5,106,042$3,526,487$3,148,864$4,757,736
60$5,550,549$3,622,975$3,178,041$5,074,923
61$6,037,992$3,721,788$3,205,793$5,420,288
62$6,572,675$3,822,963$3,231,994$5,796,614
63$7,159,338$3,926,539$3,256,516$6,206,967
64$7,803,202$4,032,551$3,279,221$6,654,722
65$8,510,019$4,141,036$3,299,966$7,143,601
66$9,286,125$4,252,031$3,318,598$7,677,700
67$10,138,498$4,365,569$3,334,960$8,261,535
68$11,074,826$4,481,683$3,348,883$8,900,079
69$12,103,580$4,600,407$3,360,191$9,598,812
70$13,234,088$4,721,770$3,368,701$10,363,771
71$14,476,631$4,845,803$3,374,218$11,201,608
72$15,842,532$4,972,531$3,376,539$12,119,653
73$17,344,267$5,101,983$3,375,450$13,125,982
74$18,995,582$5,234,179$3,370,727$14,229,493
75$20,811,621$5,369,143$3,362,136$15,439,992
76$22,809,067$5,506,892$3,349,429$16,768,282
77$25,006,305$5,647,443$3,332,348$18,226,270
78$27,423,589$5,790,809$3,310,622$19,827,074
79$30,083,235$5,936,998$3,283,968$21,585,151
80$33,009,832$6,086,018$3,252,087$23,516,431
81$36,230,471$6,237,870$3,214,669$25,638,470
82$39,775,006$6,392,552$3,171,387$27,970,610
83$43,676,328$6,550,058$3,121,900$30,534,171
84$47,970,679$6,710,376$3,065,849$33,352,643
85$52,697,993$6,873,490$3,002,860$36,451,914
86$57,902,275$7,039,377$2,932,542$39,860,513
87$63,632,009$7,208,009$2,854,485$43,609,877
88$69,940,623$7,379,351$2,768,259$47,734,652
89$76,886,987$7,553,359$2,673,416$52,273,016
90$84,535,972$7,729,986$2,569,488$57,267,043
91$92,959,058$7,909,172$2,455,982$62,763,101
92$102,235,012$8,090,852$2,332,388$68,812,285
93$112,450,629$8,274,949$2,198,168$75,470,906
94$123,701,549$8,461,378$2,052,763$82,801,018
95$136,093,163$8,650,041$1,895,587$90,871,007
96$149,741,605$8,840,832$1,726,028$99,756,237
97$164,774,846$9,033,631$1,543,447$109,539,759
98$181,333,905$9,228,303$1,347,178$120,313,100
99$199,574,177$9,424,704$1,136,522$132,177,123
100$219,666,900$9,622,671$910,752$145,242,986