Can I retire at age 53 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$240,305$238,165$236,076$234,038$232,047$223,370
2 years$118,963$116,747$114,600$112,518$110,499$101,856
3 years$78,521$76,296$74,154$72,091$70,105$61,769
4 years$58,304$56,085$53,965$51,938$49,999$42,033
5 years$46,177$43,972$41,879$39,893$38,009$30,433
6 years$38,095$35,906$33,845$31,903$30,075$22,895
7 years$32,324$30,154$28,125$26,229$24,459$17,673
8 years$27,998$25,847$23,852$22,003$20,291$13,892
9 years$24,635$22,505$20,544$18,742$17,088$11,068
10 years$21,946$19,837$17,911$16,156$14,560$8,907
11 years$19,748$17,660$15,768$14,060$12,522$7,225
12 years$17,917$15,850$13,994$12,333$10,851$5,896
13 years$16,369$14,324$12,503$10,888$9,463$4,835
14 years$15,044$13,020$11,234$9,665$8,295$3,981
15 years$13,896$11,894$10,142$8,620$7,303$3,288
16 years$12,892$10,913$9,196$7,718$6,455$2,722
17 years$12,008$10,050$8,368$6,934$5,723$2,259
18 years$11,223$9,287$7,639$6,249$5,089$1,877
19 years$10,521$8,607$6,993$5,647$4,536$1,563
20 years$9,890$7,998$6,418$5,114$4,051$1,302
21 years$9,320$7,450$5,903$4,641$3,626$1,086
22 years$8,803$6,954$5,441$4,220$3,250$907
23 years$8,331$6,504$5,023$3,843$2,917$758
24 years$7,899$6,094$4,646$3,505$2,622$633
25 years$7,502$5,719$4,303$3,201$2,359$530
26 years$7,137$5,375$3,991$2,927$2,125$443
27 years$6,799$5,058$3,706$2,679$1,916$371
28 years$6,486$4,766$3,445$2,455$1,729$310
29 years$6,195$4,497$3,206$2,251$1,561$260
30 years$5,924$4,246$2,986$2,066$1,411$218
31 years$5,670$4,014$2,784$1,897$1,275$182
32 years$5,433$3,798$2,597$1,744$1,154$153
33 years$5,211$3,597$2,425$1,604$1,044$128
34 years$5,003$3,409$2,266$1,475$945$107
35 years$4,807$3,234$2,119$1,358$856$90
36 years$4,622$3,069$1,982$1,251$776$75
37 years$4,447$2,915$1,855$1,152$703$63
38 years$4,282$2,770$1,737$1,062$637$53
39 years$4,126$2,634$1,627$979$578$44
40 years$3,978$2,506$1,525$903$524$37
41 years$3,838$2,386$1,430$834$476$31
42 years$3,705$2,272$1,342$769$432$26
43 years$3,578$2,165$1,259$710$392$22
44 years$3,457$2,064$1,182$656$356$18
45 years$3,343$1,968$1,110$606$323$15
46 years$3,233$1,877$1,042$559$293$13
47 years$3,128$1,791$979$517$266$11
48 years$3,028$1,710$920$477$242$9
49 years$2,933$1,633$865$441$219$8
50 years$2,841$1,560$813$408$199$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,910,000, adding $5,176 every year, while hoping to spend $44,197 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: 48/35/17 Blend
52$2,910,000$2,910,000$2,910,000$2,910,000
53$3,212,159$3,057,929$3,012,824$3,350,777
54$3,492,774$3,160,742$3,066,728$3,550,190
55$3,800,530$3,267,112$3,120,957$3,761,668
56$4,138,150$3,377,166$3,175,475$3,990,350
57$4,508,631$3,491,037$3,230,243$4,237,863
58$4,915,275$3,608,861$3,285,219$4,505,996
59$5,361,719$3,730,782$3,340,361$4,796,719
60$5,851,972$3,856,947$3,395,620$5,112,198
61$6,390,446$3,987,510$3,450,946$5,454,814
62$6,982,003$4,122,631$3,506,285$5,827,188
63$7,632,001$4,262,473$3,561,579$6,232,206
64$8,346,341$4,407,210$3,616,768$6,673,040
65$9,131,523$4,557,019$3,671,785$7,153,184
66$9,994,711$4,712,085$3,726,562$7,676,482
67$10,943,794$4,872,600$3,781,025$8,247,165
68$11,987,467$5,038,764$3,835,095$8,869,892
69$13,135,308$5,210,782$3,888,690$9,549,792
70$14,397,870$5,388,871$3,941,722$10,292,509
71$15,786,781$5,573,253$3,994,097$11,104,259
72$17,314,850$5,764,161$4,045,717$11,991,888
73$18,996,194$5,961,834$4,096,478$12,962,932
74$20,846,365$6,166,522$4,146,269$14,025,689
75$22,882,498$6,378,486$4,194,973$15,189,300
76$25,123,477$6,597,996$4,242,468$16,463,829
77$27,590,104$6,825,330$4,288,623$17,860,362
78$30,305,304$7,060,781$4,333,302$19,391,107
79$33,294,336$7,304,650$4,376,359$21,069,511
80$36,585,034$7,557,253$4,417,642$22,910,386
81$40,208,065$7,818,916$4,456,990$24,930,045
82$44,197,222$8,089,978$4,494,234$27,146,459
83$48,589,744$8,370,792$4,529,196$29,579,425
84$53,426,662$8,661,725$4,561,688$32,250,747
85$58,753,189$8,963,157$4,591,512$35,184,447
86$64,619,148$9,275,485$4,618,462$38,406,989
87$71,079,438$9,599,121$4,642,317$41,947,525
88$78,194,556$9,934,493$4,662,850$45,838,174
89$86,031,164$10,282,047$4,679,819$50,114,316
90$94,662,719$10,642,244$4,692,970$54,814,936
91$104,170,170$11,015,567$4,702,037$59,982,981
92$114,642,714$11,402,516$4,706,742$65,665,767
93$126,178,643$11,803,612$4,706,790$71,915,429
94$138,886,272$12,219,397$4,701,875$78,789,405
95$152,884,958$12,650,433$4,691,674$86,350,980
96$168,306,226$13,097,307$4,675,848$94,669,883
97$185,295,015$13,560,628$4,654,042$103,822,941
98$204,011,039$14,041,031$4,625,885$113,894,805
99$224,630,299$14,539,176$4,590,986$124,978,748
100$247,346,743$15,055,749$4,548,938$137,177,540