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%13.4%
1 years$239,479$237,346$235,265$233,234$231,250$227,983
2 years$118,554$116,346$114,206$112,132$110,119$106,833
3 years$78,251$76,033$73,899$71,844$69,864$66,662
4 years$58,103$55,893$53,780$51,759$49,828$46,735
5 years$46,018$43,821$41,735$39,756$37,878$34,903
6 years$37,964$35,783$33,728$31,793$29,972$27,118
7 years$32,213$30,050$28,028$26,139$24,375$21,643
8 years$27,902$25,759$23,770$21,927$20,221$17,611
9 years$24,550$22,428$20,473$18,677$17,029$14,540
10 years$21,871$19,769$17,849$16,100$14,510$12,139
11 years$19,680$17,599$15,714$14,012$12,479$10,224
12 years$17,855$15,796$13,946$12,290$10,814$8,673
13 years$16,313$14,275$12,460$10,850$9,430$7,400
14 years$14,992$12,975$11,195$9,632$8,266$6,344
15 years$13,848$11,853$10,108$8,590$7,278$5,460
16 years$12,848$10,875$9,164$7,691$6,433$4,716
17 years$11,967$10,016$8,339$6,911$5,704$4,084
18 years$11,184$9,255$7,612$6,228$5,071$3,545
19 years$10,485$8,577$6,969$5,627$4,520$3,084
20 years$9,856$7,970$6,396$5,097$4,038$2,688
21 years$9,288$7,424$5,883$4,626$3,613$2,346
22 years$8,772$6,930$5,422$4,206$3,239$2,050
23 years$8,302$6,482$5,006$3,830$2,907$1,793
24 years$7,872$6,073$4,630$3,493$2,613$1,571
25 years$7,477$5,699$4,288$3,190$2,351$1,377
26 years$7,112$5,356$3,977$2,917$2,118$1,208
27 years$6,776$5,041$3,693$2,670$1,910$1,060
28 years$6,463$4,750$3,433$2,446$1,723$931
29 years$6,173$4,481$3,195$2,243$1,556$818
30 years$5,903$4,232$2,976$2,059$1,406$719
31 years$5,651$4,001$2,774$1,891$1,271$632
32 years$5,415$3,785$2,588$1,738$1,150$556
33 years$5,193$3,585$2,417$1,598$1,040$489
34 years$4,986$3,398$2,258$1,470$942$431
35 years$4,790$3,223$2,111$1,354$853$379
36 years$4,606$3,059$1,975$1,247$773$334
37 years$4,432$2,905$1,849$1,149$701$294
38 years$4,268$2,761$1,731$1,059$635$259
39 years$4,112$2,625$1,622$976$576$228
40 years$3,965$2,498$1,520$900$522$201
41 years$3,825$2,378$1,425$831$474$177
42 years$3,692$2,264$1,337$767$430$156
43 years$3,566$2,157$1,255$708$390$138
44 years$3,446$2,056$1,178$653$354$121
45 years$3,331$1,961$1,106$603$322$107
46 years$3,222$1,871$1,039$557$292$94
47 years$3,118$1,785$976$515$265$83
48 years$3,018$1,704$917$476$241$73
49 years$2,923$1,628$862$440$219$65
50 years$2,831$1,555$810$406$199$57

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 $3,721 every year, while hoping to spend $49,960 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: 65/30/5 Blend
52$2,900,000$2,900,000$2,900,000$2,900,000
53$3,199,638$3,045,938$3,000,988$3,405,216
54$3,472,844$3,142,032$3,048,364$3,638,315
55$3,772,243$3,241,160$3,095,653$3,886,552
56$4,100,453$3,343,418$3,142,799$4,156,408
57$4,460,359$3,448,906$3,189,742$4,449,979
58$4,855,137$3,557,724$3,236,420$4,769,568
59$5,288,288$3,669,979$3,282,767$5,117,712
60$5,763,664$3,785,779$3,328,711$5,497,202
61$6,285,512$3,905,236$3,374,177$5,911,111
62$6,858,508$4,028,466$3,419,085$6,362,821
63$7,487,804$4,155,589$3,463,352$6,856,056
64$8,179,074$4,286,727$3,506,889$7,394,915
65$8,938,570$4,422,007$3,549,600$7,983,911
66$9,773,180$4,561,561$3,591,388$8,628,013
67$10,690,491$4,705,524$3,632,145$9,332,695
68$11,698,861$4,854,035$3,671,762$10,103,981
69$12,807,500$5,007,238$3,710,122$10,948,509
70$14,026,554$5,165,282$3,747,100$11,873,585
71$15,367,201$5,328,320$3,782,567$12,887,258
72$16,841,758$5,496,509$3,816,385$13,998,395
73$18,463,793$5,670,014$3,848,409$15,216,757
74$20,248,257$5,849,001$3,878,488$16,553,100
75$22,211,622$6,033,646$3,906,461$18,019,269
76$24,372,040$6,224,126$3,932,159$19,628,314
77$26,749,507$6,420,628$3,955,405$21,394,608
78$29,366,058$6,623,340$3,976,013$23,333,985
79$32,245,974$6,832,461$3,993,787$25,463,888
80$35,416,004$7,048,193$4,008,520$27,803,534
81$38,905,628$7,270,746$4,019,997$30,374,091
82$42,747,324$7,500,335$4,027,989$33,198,883
83$46,976,884$7,737,183$4,032,259$36,303,603
84$51,633,742$7,981,522$4,032,556$39,716,560
85$56,761,354$8,233,587$4,028,617$43,468,941
86$62,407,603$8,493,623$4,020,167$47,595,108
87$68,625,252$8,761,885$4,006,916$52,132,920
88$75,472,442$9,038,631$3,988,561$57,124,091
89$83,013,239$9,324,131$3,964,786$62,614,580
90$91,318,238$9,618,663$3,935,256$68,655,024
91$100,465,234$9,922,513$3,899,622$75,301,220
92$110,539,949$10,235,977$3,857,520$82,614,646
93$121,636,843$10,559,359$3,808,566$90,663,040
94$133,860,007$10,892,974$3,752,360$99,521,040
95$147,324,145$11,237,147$3,688,481$109,270,891
96$162,155,653$11,592,212$3,616,490$120,003,213
97$178,493,815$11,958,516$3,535,928$131,817,860
98$196,492,115$12,336,414$3,446,312$144,824,862
99$216,319,687$12,726,275$3,347,141$159,145,458
100$238,162,912$13,128,479$3,237,886$174,913,247