Can I retire at age 53 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$232,047$229,980$227,964$225,995$224,073$216,468
2 years$114,875$112,735$110,662$108,652$106,702$99,115
3 years$75,822$73,674$71,606$69,614$67,696$60,367
4 years$56,300$54,158$52,111$50,153$48,281$41,266
5 years$44,590$42,461$40,440$38,522$36,703$30,020
6 years$36,785$34,672$32,681$30,807$29,042$22,696
7 years$31,213$29,118$27,158$25,328$23,619$17,610
8 years$27,036$24,959$23,033$21,247$19,594$13,917
9 years$23,788$21,732$19,838$18,098$16,501$11,149
10 years$21,192$19,155$17,295$15,600$14,060$9,024
11 years$19,069$17,053$15,226$13,577$12,092$7,362
12 years$17,301$15,306$13,513$11,909$10,478$6,044
13 years$15,807$13,832$12,073$10,514$9,137$4,987
14 years$14,527$12,573$10,848$9,333$8,010$4,132
15 years$13,418$11,485$9,794$8,323$7,052$3,434
16 years$12,449$10,538$8,880$7,453$6,233$2,862
17 years$11,595$9,705$8,080$6,696$5,527$2,391
18 years$10,837$8,968$7,376$6,035$4,914$2,001
19 years$10,159$8,311$6,752$5,453$4,380$1,677
20 years$9,550$7,723$6,197$4,938$3,912$1,407
21 years$9,000$7,194$5,700$4,482$3,501$1,182
22 years$8,500$6,715$5,254$4,075$3,138$994
23 years$8,045$6,281$4,851$3,711$2,817$836
24 years$7,628$5,884$4,486$3,385$2,532$704
25 years$7,245$5,522$4,155$3,091$2,278$593
26 years$6,892$5,190$3,854$2,827$2,052$499
27 years$6,565$4,884$3,578$2,587$1,850$421
28 years$6,263$4,603$3,327$2,370$1,670$355
29 years$5,982$4,342$3,096$2,174$1,508$299
30 years$5,720$4,101$2,883$1,995$1,362$253
31 years$5,475$3,876$2,688$1,832$1,232$213
32 years$5,247$3,668$2,508$1,684$1,114$180
33 years$5,032$3,474$2,342$1,548$1,008$152
34 years$4,831$3,292$2,188$1,425$913$128
35 years$4,641$3,123$2,046$1,312$827$108
36 years$4,463$2,964$1,914$1,208$749$91
37 years$4,294$2,815$1,791$1,113$679$77
38 years$4,135$2,675$1,677$1,026$616$65
39 years$3,985$2,544$1,572$946$558$55
40 years$3,842$2,420$1,473$872$506$46
41 years$3,706$2,304$1,381$805$459$39
42 years$3,578$2,194$1,296$743$417$33
43 years$3,455$2,090$1,216$686$378$28
44 years$3,339$1,993$1,141$633$343$24
45 years$3,228$1,900$1,072$585$312$20
46 years$3,122$1,813$1,006$540$283$17
47 years$3,021$1,730$946$499$257$14
48 years$2,924$1,651$889$461$233$12
49 years$2,832$1,577$835$426$212$10
50 years$2,744$1,506$785$394$193$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,810,000, adding $3,940 every year, while hoping to spend $47,667 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: 26/49/25 Blend
52$2,810,000$2,810,000$2,810,000$2,810,000
53$3,100,684$2,951,754$2,908,199$3,156,806
54$3,366,237$3,045,673$2,954,906$3,296,462
55$3,657,278$3,142,596$3,001,581$3,441,824
56$3,976,357$3,242,620$3,048,171$3,596,795
57$4,326,283$3,345,846$3,094,622$3,762,217
58$4,710,148$3,452,376$3,140,876$3,939,013
59$5,131,358$3,562,318$3,186,871$4,128,200
60$5,593,667$3,675,781$3,232,541$4,330,892
61$6,101,206$3,792,880$3,277,816$4,548,314
62$6,658,530$3,913,732$3,322,623$4,781,811
63$7,270,653$4,038,458$3,366,884$5,032,863
64$7,943,100$4,167,183$3,410,516$5,303,097
65$8,681,959$4,300,038$3,453,431$5,594,299
66$9,493,934$4,437,155$3,495,536$5,908,438
67$10,386,413$4,578,673$3,536,734$6,247,673
68$11,367,534$4,724,734$3,576,921$6,614,385
69$12,446,262$4,875,487$3,615,988$7,011,190
70$13,632,477$5,031,082$3,653,820$7,440,967
71$14,937,062$5,191,677$3,690,295$7,906,883
72$16,372,008$5,357,435$3,725,286$8,412,425
73$17,950,527$5,528,523$3,758,657$8,961,429
74$19,687,174$5,705,114$3,790,265$9,558,120
75$21,597,989$5,887,388$3,819,962$10,207,145
76$23,700,642$6,075,528$3,847,590$10,913,622
77$26,014,606$6,269,727$3,872,982$11,683,186
78$28,561,334$6,470,182$3,895,965$12,522,040
79$31,364,464$6,677,095$3,916,354$13,437,015
80$34,450,045$6,890,679$3,933,958$14,435,632
81$37,846,778$7,111,149$3,948,573$15,526,175
82$41,586,285$7,338,732$3,959,987$16,717,765
83$45,703,416$7,573,660$3,967,976$18,020,449
84$50,236,567$7,816,171$3,972,305$19,445,291
85$55,228,048$8,066,515$3,972,729$21,004,477
86$60,724,482$8,324,947$3,968,988$22,711,432
87$66,777,242$8,591,733$3,960,812$24,580,940
88$73,442,938$8,867,145$3,947,917$26,629,290
89$80,783,949$9,151,466$3,930,003$28,874,422
90$88,869,013$9,444,989$3,906,759$31,336,102
91$97,773,874$9,748,015$3,877,857$34,036,101
92$107,581,997$10,060,857$3,842,954$36,998,406
93$118,385,358$10,383,836$3,801,690$40,249,444
94$130,285,307$10,717,286$3,753,689$43,818,327
95$143,393,526$11,061,551$3,698,556$47,737,130
96$157,833,086$11,416,987$3,635,878$52,041,192
97$173,739,604$11,783,963$3,565,223$56,769,447
98$191,262,525$12,162,858$3,486,138$61,964,794
99$210,566,530$12,554,065$3,398,152$67,674,497
100$231,833,093$12,957,992$3,300,767$73,950,633