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

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$236,176$234,072$232,020$230,017$228,060$221,470
2 years$116,919$114,741$112,631$110,585$108,600$102,013
3 years$77,172$74,985$72,880$70,853$68,900$62,523
4 years$57,302$55,122$53,038$51,045$49,140$43,021
5 years$45,383$43,216$41,159$39,208$37,356$31,511
6 years$37,440$35,289$33,263$31,355$29,558$23,994
7 years$31,769$29,636$27,642$25,779$24,039$18,755
8 years$27,517$25,403$23,442$21,625$19,943$14,936
9 years$24,212$22,118$20,191$18,420$16,794$12,061
10 years$21,569$19,496$17,603$15,878$14,310$9,842
11 years$19,408$17,356$15,497$13,819$12,307$8,097
12 years$17,609$15,578$13,753$12,121$10,665$6,705
13 years$16,088$14,078$12,288$10,701$9,300$5,582
14 years$14,785$12,796$11,041$9,499$8,152$4,666
15 years$13,657$11,690$9,968$8,471$7,178$3,914
16 years$12,671$10,725$9,038$7,585$6,344$3,293
17 years$11,802$9,878$8,224$6,815$5,625$2,777
18 years$11,030$9,127$7,507$6,142$5,001$2,346
19 years$10,340$8,459$6,873$5,550$4,458$1,986
20 years$9,720$7,861$6,307$5,026$3,982$1,683
21 years$9,160$7,322$5,802$4,562$3,563$1,428
22 years$8,651$6,835$5,347$4,148$3,194$1,213
23 years$8,188$6,392$4,937$3,777$2,867$1,031
24 years$7,763$5,989$4,566$3,445$2,577$877
25 years$7,374$5,621$4,229$3,146$2,319$746
26 years$7,014$5,282$3,922$2,877$2,089$635
27 years$6,682$4,971$3,642$2,633$1,883$541
28 years$6,374$4,684$3,386$2,413$1,699$461
29 years$6,088$4,419$3,151$2,212$1,534$393
30 years$5,822$4,174$2,935$2,030$1,386$335
31 years$5,573$3,945$2,736$1,865$1,253$286
32 years$5,340$3,733$2,553$1,714$1,134$244
33 years$5,122$3,535$2,384$1,576$1,026$208
34 years$4,917$3,351$2,227$1,450$929$178
35 years$4,724$3,178$2,082$1,335$841$152
36 years$4,542$3,016$1,948$1,229$762$129
37 years$4,371$2,865$1,823$1,133$691$110
38 years$4,209$2,723$1,707$1,044$626$94
39 years$4,055$2,589$1,599$963$568$80
40 years$3,910$2,463$1,499$888$515$69
41 years$3,772$2,345$1,406$819$467$59
42 years$3,641$2,233$1,319$756$424$50
43 years$3,517$2,128$1,237$698$385$43
44 years$3,398$2,028$1,162$644$349$36
45 years$3,285$1,934$1,091$595$317$31
46 years$3,177$1,845$1,024$550$288$27
47 years$3,075$1,761$962$508$262$23
48 years$2,976$1,681$904$469$238$19
49 years$2,882$1,605$850$434$216$17
50 years$2,792$1,533$799$401$196$14

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 $2,561 every year, while hoping to spend $59,254 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: 54/23/23 Blend
52$2,860,000$2,860,000$2,860,000$2,860,000
53$3,154,362$3,002,782$2,958,452$3,304,622
54$3,413,061$3,086,872$2,994,514$3,492,294
55$3,696,161$3,173,097$3,029,798$3,690,099
56$4,006,089$3,261,499$3,064,216$3,904,193
57$4,345,517$3,352,119$3,097,674$4,136,153
58$4,717,387$3,445,000$3,130,074$4,387,718
59$5,124,940$3,540,184$3,161,310$4,660,800
60$5,571,743$3,637,713$3,191,274$4,957,509
61$6,061,729$3,737,628$3,219,849$5,280,166
62$6,599,225$3,839,972$3,246,914$5,631,329
63$7,189,001$3,944,786$3,272,341$6,013,813
64$7,836,309$4,052,110$3,295,994$6,430,724
65$8,546,934$4,161,985$3,317,732$6,885,480
66$9,327,250$4,274,451$3,337,404$7,381,848
67$10,184,276$4,389,546$3,354,854$7,923,978
68$11,125,747$4,507,308$3,369,916$8,516,441
69$12,160,183$4,627,775$3,382,417$9,164,277
70$13,296,968$4,750,983$3,392,175$9,873,035
71$14,546,444$4,876,966$3,398,998$10,648,832
72$15,920,001$5,005,757$3,402,684$11,498,408
73$17,430,190$5,137,389$3,403,024$12,429,188
74$19,090,839$5,271,891$3,399,795$13,449,355
75$20,917,182$5,409,290$3,392,764$14,567,928
76$22,926,002$5,549,613$3,381,690$15,794,842
77$25,135,793$5,692,882$3,366,315$17,141,047
78$27,566,929$5,839,119$3,346,372$18,618,610
79$30,241,861$5,988,341$3,321,581$20,240,828
80$33,185,324$6,140,563$3,291,647$22,022,354
81$36,424,572$6,295,796$3,256,262$23,979,337
82$39,989,635$6,454,046$3,215,103$26,129,572
83$43,913,602$6,615,319$3,167,834$28,492,671
84$48,232,932$6,779,612$3,114,098$31,090,245
85$52,987,798$6,946,920$3,053,528$33,946,112
86$58,222,466$7,117,232$2,985,734$37,086,519
87$63,985,713$7,290,531$2,910,311$40,540,393
88$70,331,284$7,466,796$2,826,835$44,339,609
89$77,318,403$7,645,997$2,734,862$48,519,299
90$85,012,328$7,828,098$2,633,927$53,118,179
91$93,484,968$8,013,058$2,523,546$58,178,913
92$102,815,561$8,200,823$2,403,211$63,748,524
93$113,091,420$8,391,336$2,272,391$69,878,829
94$124,408,761$8,584,527$2,130,532$76,626,935
95$136,873,603$8,780,318$1,977,054$84,055,778
96$150,602,777$8,978,620$1,811,351$92,234,715
97$165,725,021$9,179,333$1,632,792$101,240,183
98$182,382,197$9,382,344$1,440,715$111,156,416
99$200,730,632$9,587,530$1,234,430$122,076,249
100$220,942,589$9,794,752$1,013,216$134,101,987