Can I retire at age 53 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$236,176$234,072$232,020$230,017$228,060$220,584
2 years$116,919$114,741$112,631$110,585$108,600$101,139
3 years$77,172$74,985$72,880$70,853$68,900$61,689
4 years$57,302$55,122$53,038$51,045$49,140$42,233
5 years$45,383$43,216$41,159$39,208$37,356$30,772
6 years$37,440$35,289$33,263$31,355$29,558$23,303
7 years$31,769$29,636$27,642$25,779$24,039$18,112
8 years$27,517$25,403$23,442$21,625$19,943$14,339
9 years$24,212$22,118$20,191$18,420$16,794$11,508
10 years$21,569$19,496$17,603$15,878$14,310$9,332
11 years$19,408$17,356$15,497$13,819$12,307$7,629
12 years$17,609$15,578$13,753$12,121$10,665$6,276
13 years$16,088$14,078$12,288$10,701$9,300$5,189
14 years$14,785$12,796$11,041$9,499$8,152$4,308
15 years$13,657$11,690$9,968$8,471$7,178$3,588
16 years$12,671$10,725$9,038$7,585$6,344$2,997
17 years$11,802$9,878$8,224$6,815$5,625$2,509
18 years$11,030$9,127$7,507$6,142$5,001$2,104
19 years$10,340$8,459$6,873$5,550$4,458$1,767
20 years$9,720$7,861$6,307$5,026$3,982$1,486
21 years$9,160$7,322$5,802$4,562$3,563$1,251
22 years$8,651$6,835$5,347$4,148$3,194$1,055
23 years$8,188$6,392$4,937$3,777$2,867$889
24 years$7,763$5,989$4,566$3,445$2,577$750
25 years$7,374$5,621$4,229$3,146$2,319$634
26 years$7,014$5,282$3,922$2,877$2,089$535
27 years$6,682$4,971$3,642$2,633$1,883$452
28 years$6,374$4,684$3,386$2,413$1,699$382
29 years$6,088$4,419$3,151$2,212$1,534$323
30 years$5,822$4,174$2,935$2,030$1,386$273
31 years$5,573$3,945$2,736$1,865$1,253$231
32 years$5,340$3,733$2,553$1,714$1,134$196
33 years$5,122$3,535$2,384$1,576$1,026$166
34 years$4,917$3,351$2,227$1,450$929$140
35 years$4,724$3,178$2,082$1,335$841$119
36 years$4,542$3,016$1,948$1,229$762$100
37 years$4,371$2,865$1,823$1,133$691$85
38 years$4,209$2,723$1,707$1,044$626$72
39 years$4,055$2,589$1,599$963$568$61
40 years$3,910$2,463$1,499$888$515$52
41 years$3,772$2,345$1,406$819$467$44
42 years$3,641$2,233$1,319$756$424$37
43 years$3,517$2,128$1,237$698$385$31
44 years$3,398$2,028$1,162$644$349$26
45 years$3,285$1,934$1,091$595$317$22
46 years$3,177$1,845$1,024$550$288$19
47 years$3,075$1,761$962$508$262$16
48 years$2,976$1,681$904$469$238$14
49 years$2,882$1,605$850$434$216$12
50 years$2,792$1,533$799$401$196$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,860,000, adding $6,150 every year, while hoping to spend $46,005 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: 60/16/24 Blend
52$2,860,000$2,860,000$2,860,000$2,860,000
53$3,158,064$3,006,484$2,962,154$3,326,964
54$3,431,237$3,104,852$3,012,437$3,540,830
55$3,730,733$3,206,499$3,062,863$3,768,544
56$4,059,186$3,311,537$3,113,387$4,016,001
57$4,419,501$3,420,080$3,163,964$4,285,131
58$4,814,876$3,532,250$3,214,543$4,578,055
59$5,248,834$3,648,170$3,265,070$4,897,112
60$5,725,255$3,767,970$3,315,490$5,244,873
61$6,248,413$3,891,784$3,365,741$5,624,174
62$6,823,018$4,019,748$3,415,760$6,038,135
63$7,454,257$4,152,006$3,465,479$6,490,192
64$8,147,843$4,288,707$3,514,825$6,984,133
65$8,910,073$4,430,003$3,563,721$7,524,125
66$9,747,882$4,576,054$3,612,087$8,114,761
67$10,668,909$4,727,025$3,659,836$8,761,099
68$11,681,575$4,883,086$3,706,877$9,468,712
69$12,795,151$5,044,413$3,753,113$10,243,739
70$14,019,858$5,211,190$3,798,444$11,092,939
71$15,366,952$5,383,607$3,842,760$12,023,763
72$16,848,837$5,561,860$3,885,948$13,044,418
73$18,479,179$5,746,152$3,927,889$14,163,942
74$20,273,037$5,936,695$3,968,455$15,392,298
75$22,247,002$6,133,708$4,007,513$16,740,459
76$24,419,353$6,337,417$4,044,922$18,220,516
77$26,810,234$6,548,057$4,080,534$19,845,788
78$29,441,838$6,765,872$4,114,192$21,630,954
79$32,338,620$6,991,115$4,145,731$23,592,184
80$35,527,526$7,224,046$4,174,980$25,747,297
81$39,038,247$7,464,937$4,201,755$28,115,924
82$42,903,499$7,714,069$4,225,864$30,719,697
83$47,159,332$7,971,735$4,247,107$33,582,453
84$51,845,470$8,238,236$4,265,271$36,730,455
85$57,005,684$8,513,886$4,280,134$40,192,641
86$62,688,208$8,799,010$4,291,462$44,000,902
87$68,946,189$9,093,946$4,299,010$48,190,374
88$75,838,193$9,399,043$4,302,520$52,799,776
89$83,428,756$9,714,663$4,301,722$57,871,773
90$91,788,991$10,041,183$4,296,332$63,453,378
91$100,997,261$10,378,994$4,286,051$69,596,398
92$111,139,916$10,728,500$4,270,569$76,357,917
93$122,312,112$11,090,121$4,249,558$83,800,842
94$134,618,704$11,464,293$4,222,674$91,994,492
95$148,175,237$11,851,468$4,189,559$101,015,252
96$163,109,037$12,252,116$4,149,835$110,947,296
97$179,560,412$12,666,723$4,103,108$121,883,380
98$197,683,977$13,095,795$4,048,965$133,925,717
99$217,650,110$13,539,856$3,986,972$147,186,944
100$239,646,563$13,999,451$3,916,678$161,791,181