Can I retire at age 53 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$237,002$234,891$232,831$230,821$228,858$226,846
2 years$117,328$115,143$113,025$110,972$108,980$106,952
3 years$77,441$75,247$73,135$71,101$69,141$67,161
4 years$57,502$55,314$53,223$51,224$49,312$47,394
5 years$45,542$43,367$41,303$39,345$37,486$35,637
6 years$37,571$35,413$33,379$31,464$29,662$27,883
7 years$31,880$29,739$27,738$25,869$24,123$22,415
8 years$27,613$25,492$23,524$21,701$20,012$18,376
9 years$24,296$22,196$20,261$18,484$16,853$15,288
10 years$21,645$19,564$17,664$15,933$14,360$12,864
11 years$19,476$17,417$15,551$13,867$12,350$10,923
12 years$17,671$15,632$13,802$12,163$10,702$9,343
13 years$16,144$14,127$12,331$10,738$9,332$8,039
14 years$14,837$12,841$11,079$9,532$8,181$6,951
15 years$13,705$11,731$10,003$8,501$7,203$6,036
16 years$12,715$10,763$9,069$7,612$6,366$5,260
17 years$11,843$9,912$8,253$6,839$5,645$4,597
18 years$11,068$9,159$7,534$6,163$5,019$4,028
19 years$10,376$8,489$6,897$5,569$4,473$3,537
20 years$9,754$7,888$6,329$5,044$3,996$3,112
21 years$9,192$7,347$5,822$4,578$3,576$2,743
22 years$8,682$6,859$5,366$4,162$3,205$2,420
23 years$8,216$6,415$4,954$3,791$2,877$2,139
24 years$7,791$6,010$4,582$3,457$2,586$1,892
25 years$7,399$5,640$4,244$3,157$2,327$1,675
26 years$7,039$5,301$3,936$2,887$2,096$1,485
27 years$6,706$4,989$3,655$2,642$1,890$1,317
28 years$6,397$4,701$3,398$2,421$1,705$1,169
29 years$6,110$4,435$3,162$2,220$1,540$1,038
30 years$5,842$4,188$2,945$2,038$1,391$922
31 years$5,592$3,959$2,746$1,871$1,258$819
32 years$5,359$3,746$2,562$1,720$1,138$729
33 years$5,140$3,548$2,392$1,581$1,030$648
34 years$4,934$3,362$2,235$1,455$932$577
35 years$4,741$3,189$2,089$1,340$844$513
36 years$4,558$3,027$1,955$1,234$765$457
37 years$4,386$2,875$1,829$1,137$693$407
38 years$4,224$2,732$1,713$1,048$629$362
39 years$4,070$2,598$1,605$966$570$323
40 years$3,924$2,472$1,504$891$517$288
41 years$3,785$2,353$1,411$822$469$256
42 years$3,654$2,241$1,323$759$426$228
43 years$3,529$2,135$1,242$700$386$204
44 years$3,410$2,035$1,166$647$351$181
45 years$3,297$1,941$1,094$597$318$162
46 years$3,188$1,851$1,028$552$289$144
47 years$3,085$1,767$966$510$262$129
48 years$2,987$1,687$907$471$238$115
49 years$2,892$1,611$853$435$216$102
50 years$2,802$1,539$802$402$197$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,870,000, adding $4,266 every year, while hoping to spend $42,516 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: 32/39/29 Blend
52$2,870,000$2,870,000$2,870,000$2,870,000
53$3,167,140$3,015,030$2,970,545$3,240,386
54$3,444,952$3,117,530$3,024,822$3,399,606
55$3,749,675$3,223,628$3,079,492$3,566,942
56$4,084,011$3,333,454$3,134,523$3,746,357
57$4,450,932$3,447,145$3,189,882$3,938,946
58$4,853,716$3,564,844$3,245,532$4,145,910
59$5,295,970$3,686,697$3,301,432$4,368,571
60$5,781,671$3,812,856$3,357,542$4,608,381
61$6,315,196$3,943,481$3,413,814$4,866,934
62$6,901,370$4,078,736$3,470,201$5,145,986
63$7,545,508$4,218,792$3,526,651$5,447,464
64$8,253,465$4,363,828$3,583,109$5,773,490
65$9,031,689$4,514,027$3,639,514$6,126,396
66$9,887,289$4,669,581$3,695,805$6,508,748
67$10,828,092$4,830,690$3,751,914$6,923,368
68$11,862,724$4,997,561$3,807,770$7,373,362
69$13,000,690$5,170,409$3,863,298$7,862,145
70$14,252,458$5,349,457$3,918,417$8,393,479
71$15,629,567$5,534,938$3,973,042$8,971,500
72$17,144,726$5,727,094$4,027,082$9,600,764
73$18,811,942$5,926,175$4,080,443$10,286,283
74$20,646,644$6,132,442$4,133,022$11,033,575
75$22,665,837$6,346,167$4,184,714$11,848,715
76$24,888,254$6,567,631$4,235,403$12,738,392
77$27,334,539$6,797,127$4,284,972$13,709,969
78$30,027,437$7,034,961$4,333,293$14,771,554
79$32,992,010$7,281,449$4,380,234$15,932,075
80$36,255,876$7,536,921$4,425,652$17,201,364
81$39,849,465$7,801,720$4,469,401$18,590,247
82$43,806,308$8,076,202$4,511,324$20,110,649
83$48,163,353$8,360,737$4,551,254$21,775,700
84$52,961,314$8,655,712$4,589,020$23,599,864
85$58,245,053$8,961,528$4,624,438$25,599,072
86$64,064,008$9,278,601$4,657,316$27,790,869
87$70,472,651$9,607,367$4,687,450$30,194,583
88$77,531,011$9,948,278$4,714,629$32,831,502
89$85,305,233$10,301,802$4,738,628$35,725,078
90$93,868,206$10,668,430$4,759,212$38,901,145
91$103,300,251$11,048,671$4,776,133$42,388,160
92$113,689,875$11,443,054$4,789,132$46,217,476
93$125,134,610$11,852,132$4,797,936$50,423,628
94$137,741,932$12,276,478$4,802,258$55,044,667
95$151,630,273$12,716,690$4,801,799$60,122,512
96$166,930,144$13,173,390$4,796,242$65,703,346
97$183,785,359$13,647,227$4,785,256$71,838,050
98$202,354,399$14,138,874$4,768,496$78,582,683
99$222,811,903$14,649,035$4,745,596$85,999,009
100$245,350,320$15,178,440$4,716,176$94,155,077