Can I retire at age 53 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$239,479$237,346$235,265$233,234$231,250$223,223
2 years$118,554$116,346$114,206$112,132$110,119$102,115
3 years$78,251$76,033$73,899$71,844$69,864$62,134
4 years$58,103$55,893$53,780$51,759$49,828$42,431
5 years$46,018$43,821$41,735$39,756$37,878$30,835
6 years$37,964$35,783$33,728$31,793$29,972$23,287
7 years$32,213$30,050$28,028$26,139$24,375$18,047
8 years$27,902$25,759$23,770$21,927$20,221$14,246
9 years$24,550$22,428$20,473$18,677$17,029$11,398
10 years$21,871$19,769$17,849$16,100$14,510$9,214
11 years$19,680$17,599$15,714$14,012$12,479$7,508
12 years$17,855$15,796$13,946$12,290$10,814$6,156
13 years$16,313$14,275$12,460$10,850$9,430$5,072
14 years$14,992$12,975$11,195$9,632$8,266$4,196
15 years$13,848$11,853$10,108$8,590$7,278$3,483
16 years$12,848$10,875$9,164$7,691$6,433$2,899
17 years$11,967$10,016$8,339$6,911$5,704$2,418
18 years$11,184$9,255$7,612$6,228$5,071$2,020
19 years$10,485$8,577$6,969$5,627$4,520$1,690
20 years$9,856$7,970$6,396$5,097$4,038$1,416
21 years$9,288$7,424$5,883$4,626$3,613$1,188
22 years$8,772$6,930$5,422$4,206$3,239$997
23 years$8,302$6,482$5,006$3,830$2,907$837
24 years$7,872$6,073$4,630$3,493$2,613$704
25 years$7,477$5,699$4,288$3,190$2,351$592
26 years$7,112$5,356$3,977$2,917$2,118$498
27 years$6,776$5,041$3,693$2,670$1,910$419
28 years$6,463$4,750$3,433$2,446$1,723$353
29 years$6,173$4,481$3,195$2,243$1,556$297
30 years$5,903$4,232$2,976$2,059$1,406$250
31 years$5,651$4,001$2,774$1,891$1,271$211
32 years$5,415$3,785$2,588$1,738$1,150$178
33 years$5,193$3,585$2,417$1,598$1,040$150
34 years$4,986$3,398$2,258$1,470$942$126
35 years$4,790$3,223$2,111$1,354$853$106
36 years$4,606$3,059$1,975$1,247$773$90
37 years$4,432$2,905$1,849$1,149$701$75
38 years$4,268$2,761$1,731$1,059$635$64
39 years$4,112$2,625$1,622$976$576$54
40 years$3,965$2,498$1,520$900$522$45
41 years$3,825$2,378$1,425$831$474$38
42 years$3,692$2,264$1,337$767$430$32
43 years$3,566$2,157$1,255$708$390$27
44 years$3,446$2,056$1,178$653$354$23
45 years$3,331$1,961$1,106$603$322$19
46 years$3,222$1,871$1,039$557$292$16
47 years$3,118$1,785$976$515$265$14
48 years$3,018$1,704$917$476$241$12
49 years$2,923$1,628$862$440$219$10
50 years$2,831$1,555$810$406$199$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,900,000, adding $6,447 every year, while hoping to spend $44,015 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: 63/30/7 Blend
52$2,900,000$2,900,000$2,900,000$2,900,000
53$3,202,450$3,048,750$3,003,800$3,399,544
54$3,482,268$3,151,307$3,057,596$3,634,325
55$3,789,153$3,257,414$3,111,718$3,884,810
56$4,125,818$3,367,199$3,166,132$4,157,153
57$4,495,253$3,480,794$3,220,800$4,453,468
58$4,900,752$3,598,336$3,275,680$4,776,082
59$5,345,942$3,719,967$3,330,728$5,127,555
60$5,834,818$3,845,836$3,385,897$5,510,704
61$6,371,783$3,976,095$3,441,138$5,928,631
62$6,961,685$4,110,904$3,496,397$6,384,748
63$7,609,867$4,250,428$3,551,616$6,882,811
64$8,322,213$4,394,839$3,606,734$7,426,956
65$9,105,206$4,544,314$3,661,688$8,021,737
66$9,965,990$4,699,038$3,716,408$8,672,164
67$10,912,434$4,859,204$3,770,820$9,383,756
68$11,953,207$5,025,010$3,824,847$10,162,591
69$13,097,862$5,196,663$3,878,408$11,015,358
70$14,356,923$5,374,378$3,931,413$11,949,426
71$15,741,985$5,558,378$3,983,771$12,972,909
72$17,265,823$5,748,895$4,035,383$14,094,742
73$18,942,515$5,946,169$4,086,147$15,324,766
74$20,787,571$6,150,450$4,135,952$16,673,821
75$22,818,079$6,361,998$4,184,682$18,153,844
76$25,052,870$6,581,082$4,232,215$19,777,985
77$27,512,690$6,807,983$4,278,422$21,560,725
78$30,220,402$7,042,992$4,323,167$23,518,020
79$33,201,195$7,286,410$4,366,305$25,667,443
80$36,482,825$7,538,553$4,407,685$28,028,351
81$40,095,878$7,799,747$4,447,147$30,622,070
82$44,074,054$8,070,331$4,484,523$33,472,093
83$48,454,489$8,350,658$4,519,635$36,604,298
84$53,278,101$8,641,095$4,552,298$40,047,198
85$58,589,982$8,942,023$4,582,314$43,832,202
86$64,439,816$9,253,839$4,609,478$47,993,915
87$70,882,354$9,576,953$4,633,571$52,570,462
88$77,977,925$9,911,794$4,654,367$57,603,846
89$85,793,009$10,258,809$4,671,625$63,140,345
90$94,400,865$10,618,459$4,685,093$69,230,946
91$103,882,216$10,991,227$4,694,506$75,931,826
92$114,326,018$11,377,612$4,699,588$83,304,881
93$125,830,294$11,778,137$4,700,046$91,418,307
94$138,503,061$12,193,343$4,695,575$100,347,246
95$152,463,349$12,623,793$4,685,853$110,174,490
96$167,842,326$13,070,074$4,670,544$120,991,264
97$184,784,532$13,532,796$4,649,296$132,898,082
98$203,449,244$14,012,593$4,621,737$146,005,699
99$224,011,983$14,510,127$4,587,482$160,436,151
100$246,666,165$15,026,083$4,546,122$176,323,907