Can I retire at age 53 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$237,828$235,709$233,642$231,625$229,655$223,650
2 years$117,736$115,544$113,419$111,358$109,360$103,350
3 years$77,711$75,509$73,389$71,348$69,382$63,557
4 years$57,703$55,507$53,409$51,402$49,484$43,887
5 years$45,701$43,518$41,447$39,482$37,617$32,265
6 years$37,702$35,536$33,496$31,574$29,765$24,662
7 years$31,991$29,843$27,835$25,959$24,207$19,354
8 years$27,709$25,581$23,606$21,776$20,082$15,476
9 years$24,381$22,273$20,332$18,548$16,912$12,550
10 years$21,720$19,632$17,726$15,989$14,410$10,286
11 years$19,544$17,478$15,606$13,915$12,393$8,501
12 years$17,732$15,687$13,850$12,205$10,739$7,072
13 years$16,200$14,176$12,374$10,776$9,365$5,915
14 years$14,888$12,886$11,118$9,565$8,209$4,969
15 years$13,752$11,772$10,038$8,531$7,228$4,189
16 years$12,759$10,800$9,101$7,638$6,388$3,542
17 years$11,884$9,947$8,281$6,863$5,664$3,002
18 years$11,107$9,191$7,560$6,185$5,036$2,549
19 years$10,413$8,518$6,921$5,589$4,489$2,169
20 years$9,788$7,916$6,351$5,062$4,010$1,848
21 years$9,224$7,373$5,842$4,594$3,588$1,576
22 years$8,712$6,882$5,384$4,177$3,216$1,346
23 years$8,245$6,437$4,972$3,804$2,887$1,151
24 years$7,818$6,031$4,598$3,469$2,595$984
25 years$7,425$5,660$4,259$3,168$2,335$842
26 years$7,063$5,319$3,950$2,897$2,103$721
27 years$6,729$5,006$3,668$2,652$1,896$618
28 years$6,419$4,717$3,409$2,429$1,711$530
29 years$6,131$4,450$3,173$2,228$1,545$454
30 years$5,862$4,203$2,955$2,045$1,396$389
31 years$5,612$3,973$2,755$1,878$1,262$334
32 years$5,377$3,759$2,571$1,726$1,142$287
33 years$5,158$3,560$2,400$1,587$1,033$246
34 years$4,951$3,374$2,243$1,460$936$211
35 years$4,757$3,200$2,097$1,344$847$181
36 years$4,574$3,038$1,961$1,238$768$156
37 years$4,401$2,885$1,836$1,141$696$134
38 years$4,238$2,742$1,719$1,051$631$115
39 years$4,084$2,607$1,611$969$572$98
40 years$3,937$2,480$1,510$894$519$85
41 years$3,799$2,361$1,416$825$471$73
42 years$3,667$2,249$1,328$761$427$62
43 years$3,541$2,143$1,246$703$388$54
44 years$3,422$2,042$1,170$649$352$46
45 years$3,308$1,948$1,098$599$319$40
46 years$3,200$1,858$1,031$554$290$34
47 years$3,096$1,773$969$511$263$29
48 years$2,997$1,693$911$473$239$25
49 years$2,902$1,616$856$437$217$22
50 years$2,812$1,544$805$404$197$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,880,000, adding $2,162 every year, while hoping to spend $25,986 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: 51/19/30 Blend
52$2,880,000$2,880,000$2,880,000$2,880,000
53$3,175,990$3,023,350$2,978,710$3,310,944
54$3,472,292$3,143,845$3,050,848$3,525,986
55$3,797,946$3,269,374$3,124,532$3,756,937
56$4,155,918$3,400,155$3,199,785$4,007,587
57$4,549,477$3,536,418$3,276,633$4,279,827
58$4,982,223$3,678,401$3,355,100$4,575,734
59$5,458,123$3,826,356$3,435,209$4,897,597
60$5,981,548$3,980,544$3,516,984$5,247,930
61$6,557,313$4,141,238$3,600,450$5,629,503
62$7,190,724$4,308,724$3,685,631$6,045,362
63$7,887,627$4,483,300$3,772,548$6,498,858
64$8,654,462$4,665,279$3,861,226$6,993,682
65$9,498,327$4,854,988$3,951,687$7,533,894
66$10,427,041$5,052,767$4,043,953$8,123,964
67$11,449,221$5,258,974$4,138,047$8,768,812
68$12,574,359$5,473,981$4,233,989$9,473,855
69$13,812,917$5,698,180$4,331,801$10,245,057
70$15,176,421$5,931,977$4,431,503$11,088,983
71$16,677,572$6,175,800$4,533,114$12,012,863
72$18,330,364$6,430,094$4,636,654$13,024,657
73$20,150,220$6,695,327$4,742,140$14,133,130
74$22,154,130$6,971,986$4,849,590$15,347,936
75$24,360,821$7,260,582$4,959,020$16,679,704
76$26,790,923$7,561,649$5,070,445$18,140,143
77$29,467,172$7,875,745$5,183,880$19,742,144
78$32,414,621$8,203,454$5,299,338$21,499,910
79$35,660,877$8,545,388$5,416,830$23,429,081
80$39,236,360$8,902,185$5,536,368$25,546,884
81$43,174,591$9,274,515$5,657,958$27,872,297
82$47,512,510$9,663,077$5,781,611$30,426,220
83$52,290,821$10,068,602$5,907,329$33,231,679
84$57,554,378$10,491,858$6,035,119$36,314,037
85$63,352,611$10,933,645$6,164,981$39,701,233
86$69,739,985$11,394,801$6,296,916$43,424,047
87$76,776,521$11,876,204$6,430,921$47,516,386
88$84,528,361$12,378,773$6,566,991$52,015,603
89$93,068,388$12,903,467$6,705,120$56,962,852
90$102,476,920$13,451,293$6,845,297$62,403,468
91$112,842,461$14,023,302$6,987,510$68,387,399
92$124,262,544$14,620,596$7,131,744$74,969,676
93$136,844,645$15,244,327$7,277,979$82,210,927
94$150,707,202$15,895,701$7,426,193$90,177,949
95$165,980,727$16,575,981$7,576,362$98,944,337
96$182,809,046$17,286,489$7,728,455$108,591,178
97$201,350,650$18,028,608$7,882,439$119,207,813
98$221,780,192$18,803,786$8,038,277$130,892,679
99$244,290,138$19,613,538$8,195,926$143,754,233
100$269,092,583$20,459,452$8,355,340$157,911,979