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

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$240,305$238,165$236,076$234,038$232,047$224,800
2 years$118,963$116,747$114,600$112,518$110,499$103,261
3 years$78,521$76,296$74,154$72,091$70,105$63,105
4 years$58,304$56,085$53,965$51,938$49,999$43,290
5 years$46,177$43,972$41,879$39,893$38,009$31,608
6 years$38,095$35,906$33,845$31,903$30,075$23,989
7 years$32,324$30,154$28,125$26,229$24,459$18,687
8 years$27,998$25,847$23,852$22,003$20,291$14,830
9 years$24,635$22,505$20,544$18,742$17,088$11,931
10 years$21,946$19,837$17,911$16,156$14,560$9,699
11 years$19,748$17,660$15,768$14,060$12,522$7,949
12 years$17,917$15,850$13,994$12,333$10,851$6,557
13 years$16,369$14,324$12,503$10,888$9,463$5,436
14 years$15,044$13,020$11,234$9,665$8,295$4,526
15 years$13,896$11,894$10,142$8,620$7,303$3,780
16 years$12,892$10,913$9,196$7,718$6,455$3,167
17 years$12,008$10,050$8,368$6,934$5,723$2,659
18 years$11,223$9,287$7,639$6,249$5,089$2,236
19 years$10,521$8,607$6,993$5,647$4,536$1,884
20 years$9,890$7,998$6,418$5,114$4,051$1,589
21 years$9,320$7,450$5,903$4,641$3,626$1,342
22 years$8,803$6,954$5,441$4,220$3,250$1,135
23 years$8,331$6,504$5,023$3,843$2,917$960
24 years$7,899$6,094$4,646$3,505$2,622$813
25 years$7,502$5,719$4,303$3,201$2,359$688
26 years$7,137$5,375$3,991$2,927$2,125$583
27 years$6,799$5,058$3,706$2,679$1,916$495
28 years$6,486$4,766$3,445$2,455$1,729$419
29 years$6,195$4,497$3,206$2,251$1,561$356
30 years$5,924$4,246$2,986$2,066$1,411$302
31 years$5,670$4,014$2,784$1,897$1,275$256
32 years$5,433$3,798$2,597$1,744$1,154$217
33 years$5,211$3,597$2,425$1,604$1,044$185
34 years$5,003$3,409$2,266$1,475$945$157
35 years$4,807$3,234$2,119$1,358$856$133
36 years$4,622$3,069$1,982$1,251$776$113
37 years$4,447$2,915$1,855$1,152$703$96
38 years$4,282$2,770$1,737$1,062$637$81
39 years$4,126$2,634$1,627$979$578$69
40 years$3,978$2,506$1,525$903$524$59
41 years$3,838$2,386$1,430$834$476$50
42 years$3,705$2,272$1,342$769$432$42
43 years$3,578$2,165$1,259$710$392$36
44 years$3,457$2,064$1,182$656$356$31
45 years$3,343$1,968$1,110$606$323$26
46 years$3,233$1,877$1,042$559$293$22
47 years$3,128$1,791$979$517$266$19
48 years$3,028$1,710$920$477$242$16
49 years$2,933$1,633$865$441$219$14
50 years$2,841$1,560$813$408$199$12

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 $6,460 every year, while hoping to spend $54,537 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: 54/18/28 Blend
52$2,910,000$2,910,000$2,910,000$2,910,000
53$3,213,483$3,059,253$3,014,148$3,361,674
54$3,483,232$3,151,130$3,057,096$3,556,712
55$3,778,667$3,245,681$3,099,653$3,762,822
56$4,102,351$3,342,979$3,141,752$3,986,132
57$4,457,105$3,443,100$3,183,315$4,228,315
58$4,846,039$3,546,120$3,224,265$4,491,211
59$5,272,574$3,652,120$3,264,518$4,776,848
60$5,740,482$3,761,179$3,303,984$5,087,461
61$6,253,915$3,873,380$3,342,571$5,425,508
62$6,817,447$3,988,808$3,380,180$5,793,699
63$7,436,116$4,107,550$3,416,706$6,195,019
64$8,115,473$4,229,693$3,452,039$6,632,756
65$8,861,633$4,355,329$3,486,063$7,110,531
66$9,681,329$4,484,550$3,518,656$7,632,336
67$10,581,983$4,617,451$3,549,689$8,202,566
68$11,571,767$4,754,129$3,579,026$8,826,065
69$12,659,688$4,894,682$3,606,524$9,508,168
70$13,855,667$5,039,211$3,632,033$10,254,756
71$15,170,633$5,187,821$3,655,394$11,072,307
72$16,616,629$5,340,615$3,676,441$11,967,958
73$18,206,921$5,497,702$3,694,999$12,949,575
74$19,956,129$5,659,191$3,710,883$14,025,824
75$21,880,357$5,825,195$3,723,900$15,206,254
76$23,997,351$5,995,826$3,733,848$16,501,389
77$26,326,662$6,171,203$3,740,513$17,922,824
78$28,889,832$6,351,442$3,743,671$19,483,335
79$31,710,597$6,536,666$3,743,087$21,197,003
80$34,815,112$6,726,996$3,738,514$23,079,344
81$38,232,194$6,922,559$3,729,694$25,147,454
82$41,993,595$7,123,482$3,716,356$27,420,177
83$46,134,303$7,329,894$3,698,215$29,918,274
84$50,692,870$7,541,927$3,674,974$32,664,625
85$55,711,776$7,759,714$3,646,319$35,684,446
86$61,237,830$7,983,393$3,611,923$39,005,522
87$67,322,610$8,213,101$3,571,444$42,658,474
88$74,022,952$8,448,978$3,524,523$46,677,046
89$81,401,481$8,691,166$3,470,783$51,098,425
90$89,527,208$8,939,810$3,409,830$55,963,590
91$98,476,177$9,195,054$3,341,253$61,317,701
92$108,332,182$9,457,047$3,264,620$67,210,529
93$119,187,560$9,725,938$3,179,481$73,696,916
94$131,144,060$10,001,877$3,085,362$80,837,306
95$144,313,803$10,285,018$2,981,770$88,698,305
96$158,820,341$10,575,513$2,868,189$97,353,316
97$174,799,821$10,873,519$2,744,079$106,883,233
98$192,402,272$11,179,191$2,608,875$117,377,199
99$211,793,018$11,492,686$2,461,986$128,933,456
100$233,154,241$11,814,162$2,302,798$141,660,268