Can I retire at age 53 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$255,995$253,715$251,490$249,319$247,198$237,578
2 years$126,730$124,370$122,083$119,865$117,714$108,138
3 years$83,648$81,277$78,996$76,799$74,682$65,452
4 years$62,110$59,747$57,489$55,329$53,264$44,450
5 years$49,192$46,843$44,613$42,498$40,490$32,115
6 years$40,582$38,251$36,054$33,986$32,039$24,107
7 years$34,434$32,123$29,961$27,942$26,056$18,566
8 years$29,826$27,535$25,410$23,440$21,616$14,560
9 years$26,243$23,974$21,885$19,965$18,204$11,571
10 years$23,379$21,132$19,080$17,210$15,511$9,289
11 years$21,037$18,813$16,798$14,978$13,340$7,515
12 years$19,087$16,885$14,908$13,138$11,560$6,116
13 years$17,438$15,259$13,319$11,599$10,080$5,002
14 years$16,026$13,870$11,967$10,296$8,836$4,107
15 years$14,803$12,671$10,805$9,182$7,780$3,382
16 years$13,734$11,625$9,796$8,222$6,876$2,792
17 years$12,792$10,706$8,914$7,387$6,097$2,310
18 years$11,956$9,893$8,137$6,657$5,421$1,914
19 years$11,208$9,169$7,449$6,015$4,832$1,588
20 years$10,536$8,520$6,837$5,448$4,316$1,320
21 years$9,929$7,936$6,288$4,945$3,862$1,097
22 years$9,377$7,408$5,796$4,496$3,462$913
23 years$8,875$6,929$5,351$4,094$3,108$761
24 years$8,415$6,492$4,949$3,734$2,793$634
25 years$7,992$6,092$4,584$3,410$2,514$528
26 years$7,603$5,726$4,251$3,118$2,264$440
27 years$7,243$5,389$3,948$2,854$2,041$367
28 years$6,909$5,078$3,670$2,615$1,842$307
29 years$6,599$4,790$3,415$2,398$1,663$256
30 years$6,310$4,524$3,181$2,201$1,503$214
31 years$6,041$4,276$2,966$2,021$1,359$178
32 years$5,788$4,046$2,767$1,858$1,229$149
33 years$5,552$3,832$2,584$1,708$1,112$124
34 years$5,329$3,632$2,414$1,572$1,007$104
35 years$5,120$3,445$2,257$1,447$912$87
36 years$4,924$3,270$2,111$1,333$826$72
37 years$4,738$3,105$1,976$1,228$749$60
38 years$4,562$2,951$1,850$1,132$679$50
39 years$4,396$2,806$1,734$1,043$616$42
40 years$4,238$2,670$1,625$962$559$35
41 years$4,089$2,542$1,524$888$507$29
42 years$3,947$2,420$1,429$819$460$25
43 years$3,812$2,306$1,341$756$417$21
44 years$3,683$2,198$1,259$698$379$17
45 years$3,561$2,096$1,182$645$344$14
46 years$3,444$2,000$1,110$596$312$12
47 years$3,333$1,908$1,043$550$283$10
48 years$3,226$1,822$980$509$257$8
49 years$3,124$1,740$921$470$234$7
50 years$3,027$1,662$866$435$212$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $3,100,000, adding $6,040 every year, while hoping to spend $32,402 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: 59/27/14 Blend
52$3,100,000$3,100,000$3,100,000$3,100,000
53$3,422,430$3,258,130$3,210,080$3,611,976
54$3,737,043$3,383,303$3,283,142$3,865,734
55$4,082,660$3,513,524$3,357,566$4,138,182
56$4,462,409$3,649,005$3,433,363$4,434,515
57$4,879,738$3,789,969$3,510,544$4,757,036
58$5,338,442$3,936,648$3,589,118$5,108,283
59$5,842,705$4,089,286$3,669,095$5,491,044
60$6,397,134$4,248,134$3,750,483$5,908,388
61$7,006,807$4,413,458$3,833,290$6,363,694
62$7,677,318$4,585,533$3,917,521$6,860,676
63$8,414,828$4,764,649$4,003,182$7,403,425
64$9,226,130$4,951,105$4,090,277$7,996,440
65$10,118,703$5,145,217$4,178,810$8,644,677
66$11,100,790$5,347,313$4,268,780$9,353,588
67$12,181,476$5,557,736$4,360,189$10,129,175
68$13,370,766$5,776,845$4,453,035$10,978,046
69$14,679,687$6,005,013$4,547,314$11,907,477
70$16,120,389$6,242,633$4,643,023$12,925,477
71$17,706,258$6,490,112$4,740,154$14,040,864
72$19,452,047$6,747,877$4,838,699$15,263,350
73$21,374,008$7,016,375$4,938,648$16,603,627
74$23,490,051$7,296,072$5,039,987$18,073,470
75$25,819,911$7,587,455$5,142,702$19,685,847
76$28,385,335$7,891,033$5,246,775$21,455,037
77$31,210,283$8,207,337$5,352,186$23,396,768
78$34,321,159$8,536,924$5,458,912$25,528,362
79$37,747,059$8,880,375$5,566,927$27,868,896
80$41,520,042$9,238,297$5,676,202$30,439,384
81$45,675,438$9,611,324$5,786,706$33,262,970
82$50,252,174$10,000,121$5,898,403$36,365,150
83$55,293,150$10,405,382$6,011,254$39,774,004
84$60,845,637$10,827,830$6,125,215$43,520,467
85$66,961,723$11,268,225$6,240,241$47,638,615
86$73,698,809$11,727,359$6,356,280$52,165,986
87$81,120,149$12,206,060$6,473,276$57,143,932
88$89,295,443$12,705,196$6,591,170$62,618,009
89$98,301,500$13,225,673$6,709,896$68,638,404
90$108,222,959$13,768,437$6,829,384$75,260,405
91$119,153,090$14,334,480$6,949,558$82,544,925
92$131,194,674$14,924,837$7,070,336$90,559,071
93$144,460,970$15,540,594$7,191,632$99,376,778
94$159,076,788$16,182,882$7,313,350$109,079,502
95$175,179,664$16,852,887$7,435,392$119,756,987
96$192,921,161$17,551,850$7,557,649$131,508,113
97$212,468,296$18,281,067$7,680,006$144,441,820
98$234,005,117$19,041,894$7,802,341$158,678,143
99$257,734,443$19,835,751$7,924,524$174,349,331
100$283,879,776$20,664,123$8,046,415$191,601,102