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

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 $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%
1 years$255,995$253,715$251,490$249,319$247,198$238,238
2 years$126,730$124,370$122,083$119,865$117,714$108,784
3 years$83,648$81,277$78,996$76,799$74,682$66,065
4 years$62,110$59,747$57,489$55,329$53,264$45,025
5 years$49,192$46,843$44,613$42,498$40,490$32,651
6 years$40,582$38,251$36,054$33,986$32,039$24,604
7 years$34,434$32,123$29,961$27,942$26,056$19,024
8 years$29,826$27,535$25,410$23,440$21,616$14,982
9 years$26,243$23,974$21,885$19,965$18,204$11,958
10 years$23,379$21,132$19,080$17,210$15,511$9,642
11 years$21,037$18,813$16,798$14,978$13,340$7,836
12 years$19,087$16,885$14,908$13,138$11,560$6,408
13 years$17,438$15,259$13,319$11,599$10,080$5,266
14 years$16,026$13,870$11,967$10,296$8,836$4,344
15 years$14,803$12,671$10,805$9,182$7,780$3,595
16 years$13,734$11,625$9,796$8,222$6,876$2,984
17 years$12,792$10,706$8,914$7,387$6,097$2,481
18 years$11,956$9,893$8,137$6,657$5,421$2,067
19 years$11,208$9,169$7,449$6,015$4,832$1,724
20 years$10,536$8,520$6,837$5,448$4,316$1,440
21 years$9,929$7,936$6,288$4,945$3,862$1,204
22 years$9,377$7,408$5,796$4,496$3,462$1,008
23 years$8,875$6,929$5,351$4,094$3,108$844
24 years$8,415$6,492$4,949$3,734$2,793$707
25 years$7,992$6,092$4,584$3,410$2,514$593
26 years$7,603$5,726$4,251$3,118$2,264$497
27 years$7,243$5,389$3,948$2,854$2,041$417
28 years$6,909$5,078$3,670$2,615$1,842$350
29 years$6,599$4,790$3,415$2,398$1,663$294
30 years$6,310$4,524$3,181$2,201$1,503$246
31 years$6,041$4,276$2,966$2,021$1,359$207
32 years$5,788$4,046$2,767$1,858$1,229$174
33 years$5,552$3,832$2,584$1,708$1,112$146
34 years$5,329$3,632$2,414$1,572$1,007$123
35 years$5,120$3,445$2,257$1,447$912$103
36 years$4,924$3,270$2,111$1,333$826$86
37 years$4,738$3,105$1,976$1,228$749$73
38 years$4,562$2,951$1,850$1,132$679$61
39 years$4,396$2,806$1,734$1,043$616$51
40 years$4,238$2,670$1,625$962$559$43
41 years$4,089$2,542$1,524$888$507$36
42 years$3,947$2,420$1,429$819$460$30
43 years$3,812$2,306$1,341$756$417$26
44 years$3,683$2,198$1,259$698$379$21
45 years$3,561$2,096$1,182$645$344$18
46 years$3,444$2,000$1,110$596$312$15
47 years$3,333$1,908$1,043$550$283$13
48 years$3,226$1,822$980$509$257$11
49 years$3,124$1,740$921$470$234$9
50 years$3,027$1,662$866$435$212$8

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 $6,313 every year, while hoping to spend $46,755 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: 88/6/6 Blend
52$3,100,000$3,100,000$3,100,000$3,100,000
53$3,422,712$3,258,412$3,210,362$3,722,751
54$3,722,082$3,368,327$3,268,162$4,028,899
55$4,050,420$3,482,061$3,326,331$4,358,222
56$4,410,632$3,599,752$3,384,833$4,718,730
57$4,805,919$3,721,542$3,443,627$5,113,532
58$5,239,805$3,847,580$3,502,671$5,546,055
59$5,716,174$3,978,020$3,561,919$6,020,070
60$6,239,302$4,113,021$3,621,322$6,539,733
61$6,813,902$4,252,751$3,680,828$7,109,620
62$7,445,164$4,397,379$3,740,380$7,734,773
63$8,138,807$4,547,087$3,799,918$8,420,744
64$8,901,129$4,702,058$3,859,379$9,173,652
65$9,739,072$4,862,487$3,918,696$10,000,233
66$10,660,281$5,028,572$3,977,796$10,907,911
67$11,673,179$5,200,521$4,036,601$11,904,864
68$12,787,048$5,378,551$4,095,032$13,000,100
69$14,012,112$5,562,886$4,153,001$14,203,544
70$15,359,638$5,753,757$4,210,417$15,526,130
71$16,842,037$5,951,408$4,267,182$16,979,906
72$18,472,986$6,156,088$4,323,194$18,578,142
73$20,267,553$6,368,059$4,378,344$20,335,463
74$22,242,342$6,587,592$4,432,517$22,267,978
75$24,415,645$6,814,968$4,485,590$24,393,438
76$26,807,619$7,050,480$4,537,436$26,731,402
77$29,440,475$7,294,432$4,587,918$29,303,418
78$32,338,684$7,547,140$4,636,894$32,133,231
79$35,529,211$7,808,931$4,684,212$35,247,000
80$39,041,770$8,080,148$4,729,712$38,673,553
81$42,909,100$8,361,145$4,773,226$42,444,652
82$47,167,277$8,652,290$4,814,579$46,595,293
83$51,856,054$8,953,967$4,853,582$51,164,042
84$57,019,234$9,266,574$4,890,039$56,193,388
85$62,705,085$9,590,525$4,923,745$61,730,155
86$68,966,795$9,926,252$4,954,481$67,825,936
87$75,862,971$10,274,202$4,982,020$74,537,580
88$83,458,197$10,634,840$5,006,120$81,927,732
89$91,823,637$11,008,652$5,026,530$90,065,420
90$101,037,713$11,396,140$5,042,983$99,026,711
91$111,186,838$11,797,830$5,055,201$108,895,420
92$122,366,238$12,214,266$5,062,893$119,763,909
93$134,680,844$12,646,014$5,065,749$131,733,955
94$148,246,287$13,093,666$5,063,449$144,917,709
95$163,189,987$13,557,835$5,055,654$159,438,757
96$179,652,356$14,039,159$5,042,008$175,433,281
97$197,788,122$14,538,303$5,022,141$193,051,351
98$217,767,789$15,055,959$4,995,662$212,458,336
99$239,779,249$15,592,846$4,962,162$233,836,465
100$264,029,551$16,149,714$4,921,212$257,386,547