Can I retire at age 53 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$239,479$237,346$235,265$233,234$231,250$230,082
2 years$118,554$116,346$114,206$112,132$110,119$108,940
3 years$78,251$76,033$73,899$71,844$69,864$68,711
4 years$58,103$55,893$53,780$51,759$49,828$48,709
5 years$46,018$43,821$41,735$39,756$37,878$36,798
6 years$37,964$35,783$33,728$31,793$29,972$28,931
7 years$32,213$30,050$28,028$26,139$24,375$23,374
8 years$27,902$25,759$23,770$21,927$20,221$19,260
9 years$24,550$22,428$20,473$18,677$17,029$16,108
10 years$21,871$19,769$17,849$16,100$14,510$13,627
11 years$19,680$17,599$15,714$14,012$12,479$11,635
12 years$17,855$15,796$13,946$12,290$10,814$10,008
13 years$16,313$14,275$12,460$10,850$9,430$8,661
14 years$14,992$12,975$11,195$9,632$8,266$7,534
15 years$13,848$11,853$10,108$8,590$7,278$6,581
16 years$12,848$10,875$9,164$7,691$6,433$5,770
17 years$11,967$10,016$8,339$6,911$5,704$5,074
18 years$11,184$9,255$7,612$6,228$5,071$4,475
19 years$10,485$8,577$6,969$5,627$4,520$3,955
20 years$9,856$7,970$6,396$5,097$4,038$3,502
21 years$9,288$7,424$5,883$4,626$3,613$3,107
22 years$8,772$6,930$5,422$4,206$3,239$2,761
23 years$8,302$6,482$5,006$3,830$2,907$2,456
24 years$7,872$6,073$4,630$3,493$2,613$2,188
25 years$7,477$5,699$4,288$3,190$2,351$1,951
26 years$7,112$5,356$3,977$2,917$2,118$1,741
27 years$6,776$5,041$3,693$2,670$1,910$1,555
28 years$6,463$4,750$3,433$2,446$1,723$1,390
29 years$6,173$4,481$3,195$2,243$1,556$1,243
30 years$5,903$4,232$2,976$2,059$1,406$1,113
31 years$5,651$4,001$2,774$1,891$1,271$996
32 years$5,415$3,785$2,588$1,738$1,150$892
33 years$5,193$3,585$2,417$1,598$1,040$800
34 years$4,986$3,398$2,258$1,470$942$717
35 years$4,790$3,223$2,111$1,354$853$643
36 years$4,606$3,059$1,975$1,247$773$577
37 years$4,432$2,905$1,849$1,149$701$517
38 years$4,268$2,761$1,731$1,059$635$464
39 years$4,112$2,625$1,622$976$576$417
40 years$3,965$2,498$1,520$900$522$374
41 years$3,825$2,378$1,425$831$474$336
42 years$3,692$2,264$1,337$767$430$302
43 years$3,566$2,157$1,255$708$390$271
44 years$3,446$2,056$1,178$653$354$244
45 years$3,331$1,961$1,106$603$322$219
46 years$3,222$1,871$1,039$557$292$197
47 years$3,118$1,785$976$515$265$177
48 years$3,018$1,704$917$476$241$159
49 years$2,923$1,628$862$440$219$143
50 years$2,831$1,555$810$406$199$128

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,900,000, adding $4,259 every year, while hoping to spend $29,793 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: 81/10/9 Blend
52$2,900,000$2,900,000$2,900,000$2,900,000
53$3,200,193$3,046,493$3,001,543$3,454,924
54$3,494,913$3,164,072$3,070,395$3,740,003
55$3,818,696$3,286,413$3,140,556$4,048,469
56$4,174,475$3,413,719$3,212,036$4,386,141
57$4,565,481$3,546,201$3,284,849$4,755,927
58$4,995,274$3,684,079$3,359,005$5,161,028
59$5,467,775$3,827,582$3,434,515$5,604,972
60$5,987,306$3,976,950$3,511,388$6,091,639
61$6,558,625$4,132,435$3,589,634$6,625,308
62$7,186,979$4,294,299$3,669,261$7,210,687
63$7,878,145$4,462,813$3,750,275$7,852,964
64$8,638,489$4,638,265$3,832,683$8,557,853
65$9,475,028$4,820,952$3,916,490$9,331,646
66$10,395,488$5,011,187$4,001,701$10,181,276
67$11,408,387$5,209,294$4,088,317$11,114,379
68$12,523,108$5,415,614$4,176,340$12,139,367
69$13,749,988$5,630,503$4,265,771$13,265,504
70$15,100,420$5,854,331$4,356,607$14,503,000
71$16,586,956$6,087,486$4,448,847$15,863,098
72$18,223,427$6,330,374$4,542,485$17,358,186
73$20,025,072$6,583,419$4,637,514$19,001,913
74$22,008,686$6,847,063$4,733,927$20,809,313
75$24,192,772$7,121,768$4,831,713$22,796,952
76$26,597,719$7,408,019$4,930,860$24,983,079
77$29,245,995$7,706,321$5,031,353$27,387,801
78$32,162,357$8,017,202$5,133,174$30,033,271
79$35,374,087$8,341,214$5,236,304$32,943,897
80$38,911,245$8,678,934$5,340,722$36,146,571
81$42,806,956$9,030,967$5,446,400$39,670,921
82$47,097,723$9,397,942$5,553,312$43,549,594
83$51,823,769$9,780,519$5,661,426$47,818,561
84$57,029,417$10,179,387$5,770,707$52,517,455
85$62,763,509$10,595,269$5,881,117$57,689,945
86$69,079,867$11,028,917$5,992,615$63,384,150
87$76,037,799$11,481,120$6,105,153$69,653,087
88$83,702,662$11,952,702$6,218,683$76,555,177
89$92,146,474$12,444,526$6,333,150$84,154,792
90$101,448,599$12,957,492$6,448,495$92,522,862
91$111,696,491$13,492,544$6,564,655$101,737,542
92$122,986,522$14,050,667$6,681,560$111,884,956
93$135,424,892$14,632,894$6,799,136$123,059,999
94$149,128,628$15,240,303$6,917,304$135,367,240
95$164,226,693$15,874,023$7,035,978$148,921,902
96$180,861,199$16,535,233$7,155,067$163,850,955
97$199,188,751$17,225,169$7,274,472$180,294,308
98$219,381,924$17,945,124$7,394,087$198,406,131
99$241,630,893$18,696,447$7,513,802$218,356,308
100$266,145,224$19,480,554$7,633,495$240,332,042