Can I retire at age 53 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$236,176$234,072$232,020$230,017$228,060$220,495
2 years$116,919$114,741$112,631$110,585$108,600$101,052
3 years$77,172$74,985$72,880$70,853$68,900$61,606
4 years$57,302$55,122$53,038$51,045$49,140$42,155
5 years$45,383$43,216$41,159$39,208$37,356$30,699
6 years$37,440$35,289$33,263$31,355$29,558$23,235
7 years$31,769$29,636$27,642$25,779$24,039$18,049
8 years$27,517$25,403$23,442$21,625$19,943$14,281
9 years$24,212$22,118$20,191$18,420$16,794$11,454
10 years$21,569$19,496$17,603$15,878$14,310$9,282
11 years$19,408$17,356$15,497$13,819$12,307$7,583
12 years$17,609$15,578$13,753$12,121$10,665$6,234
13 years$16,088$14,078$12,288$10,701$9,300$5,151
14 years$14,785$12,796$11,041$9,499$8,152$4,273
15 years$13,657$11,690$9,968$8,471$7,178$3,557
16 years$12,671$10,725$9,038$7,585$6,344$2,969
17 years$11,802$9,878$8,224$6,815$5,625$2,483
18 years$11,030$9,127$7,507$6,142$5,001$2,081
19 years$10,340$8,459$6,873$5,550$4,458$1,747
20 years$9,720$7,861$6,307$5,026$3,982$1,468
21 years$9,160$7,322$5,802$4,562$3,563$1,235
22 years$8,651$6,835$5,347$4,148$3,194$1,040
23 years$8,188$6,392$4,937$3,777$2,867$876
24 years$7,763$5,989$4,566$3,445$2,577$739
25 years$7,374$5,621$4,229$3,146$2,319$623
26 years$7,014$5,282$3,922$2,877$2,089$526
27 years$6,682$4,971$3,642$2,633$1,883$444
28 years$6,374$4,684$3,386$2,413$1,699$375
29 years$6,088$4,419$3,151$2,212$1,534$317
30 years$5,822$4,174$2,935$2,030$1,386$268
31 years$5,573$3,945$2,736$1,865$1,253$226
32 years$5,340$3,733$2,553$1,714$1,134$191
33 years$5,122$3,535$2,384$1,576$1,026$162
34 years$4,917$3,351$2,227$1,450$929$137
35 years$4,724$3,178$2,082$1,335$841$116
36 years$4,542$3,016$1,948$1,229$762$98
37 years$4,371$2,865$1,823$1,133$691$83
38 years$4,209$2,723$1,707$1,044$626$70
39 years$4,055$2,589$1,599$963$568$59
40 years$3,910$2,463$1,499$888$515$50
41 years$3,772$2,345$1,406$819$467$42
42 years$3,641$2,233$1,319$756$424$36
43 years$3,517$2,128$1,237$698$385$30
44 years$3,398$2,028$1,162$644$349$26
45 years$3,285$1,934$1,091$595$317$22
46 years$3,177$1,845$1,024$550$288$18
47 years$3,075$1,761$962$508$262$16
48 years$2,976$1,681$904$469$238$13
49 years$2,882$1,605$850$434$216$11
50 years$2,792$1,533$799$401$196$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,860,000, adding $4,447 every year, while hoping to spend $45,857 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: 58/35/7 Blend
52$2,860,000$2,860,000$2,860,000$2,860,000
53$3,156,307$3,004,727$2,960,397$3,334,380
54$3,429,459$3,103,167$3,010,779$3,552,953
55$3,728,935$3,204,894$3,061,312$3,785,492
56$4,057,373$3,310,020$3,111,952$4,037,802
57$4,417,676$3,418,662$3,162,653$4,311,778
58$4,813,043$3,530,941$3,213,366$4,609,505
59$5,246,998$3,646,981$3,264,038$4,933,278
60$5,723,421$3,766,912$3,314,613$5,285,622
61$6,246,588$3,890,869$3,365,031$5,669,313
62$6,821,209$4,018,991$3,415,228$6,087,409
63$7,452,471$4,151,420$3,465,137$6,543,274
64$8,146,090$4,288,307$3,514,686$7,040,610
65$8,908,362$4,429,805$3,563,799$7,583,493
66$9,746,225$4,576,075$3,612,396$8,176,410
67$10,667,319$4,727,282$3,660,391$8,824,300
68$11,680,065$4,883,599$3,707,693$9,532,601
69$12,793,739$5,045,202$3,754,208$10,307,301
70$14,018,560$5,212,276$3,799,834$11,154,992
71$15,365,788$5,385,013$3,844,463$12,082,934
72$16,847,830$5,563,610$3,887,984$13,099,121
73$18,478,354$5,748,272$3,930,276$14,212,356
74$20,272,420$5,939,212$3,971,215$15,432,335
75$22,246,624$6,136,650$4,010,668$16,769,736
76$24,419,248$6,340,815$4,048,494$18,236,318
77$26,810,440$6,551,943$4,084,547$19,845,035
78$29,442,396$6,770,279$4,118,671$21,610,154
79$32,339,577$6,996,080$4,150,703$23,547,390
80$35,528,933$7,229,607$4,180,470$25,674,055
81$39,040,161$7,471,134$4,207,793$28,009,215
82$42,905,984$7,720,946$4,232,480$30,573,878
83$47,162,457$7,979,335$4,254,331$33,391,182
84$51,849,313$8,246,608$4,273,137$36,486,620
85$57,010,332$8,523,080$4,288,675$39,888,274
86$62,693,754$8,809,080$4,300,715$43,627,082
87$68,952,739$9,104,947$4,309,011$47,737,129
88$75,845,864$9,411,034$4,313,308$52,255,966
89$83,437,676$9,727,709$4,313,337$57,224,964
90$91,799,301$10,055,349$4,308,817$62,689,705
91$101,009,119$10,394,350$4,299,451$68,700,408
92$111,153,496$10,745,120$4,284,929$75,312,403
93$122,327,605$11,108,083$4,264,927$82,586,654
94$134,636,321$11,483,680$4,239,102$90,590,331
95$148,195,212$11,872,367$4,207,099$99,397,441
96$163,131,629$12,274,618$4,168,542$109,089,529
97$179,585,906$12,690,926$4,123,039$119,756,445
98$197,712,688$13,121,800$4,070,180$131,497,189
99$217,682,385$13,567,771$4,009,534$144,420,845
100$239,682,786$14,029,389$3,940,651$158,647,609