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%19.7%
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 $5,855 every year, while hoping to spend $35,397 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: 56/28/16 Blend
52$3,100,000$3,100,000$3,100,000$3,100,000
53$3,422,239$3,257,939$3,209,889$3,599,181
54$3,733,646$3,379,916$3,279,759$3,842,067
55$4,075,629$3,506,684$3,350,782$4,102,181
56$4,451,271$3,638,439$3,422,961$4,384,725
57$4,863,966$3,775,388$3,496,296$4,691,855
58$5,317,454$3,917,746$3,570,785$5,025,941
59$5,815,855$4,065,735$3,646,427$5,389,593
60$6,363,707$4,219,592$3,723,217$5,785,677
61$6,966,011$4,379,558$3,801,151$6,217,353
62$7,628,277$4,545,888$3,880,222$6,688,092
63$8,356,573$4,718,848$3,960,421$7,201,717
64$9,157,586$4,898,715$4,041,738$7,762,435
65$10,038,686$5,085,778$4,124,162$8,374,876
66$11,007,988$5,280,338$4,207,678$9,044,136
67$12,074,439$5,482,710$4,292,271$9,775,824
68$13,247,892$5,693,223$4,377,922$10,576,116
69$14,539,205$5,912,219$4,464,611$11,451,809
70$15,960,344$6,140,058$4,552,315$12,410,390
71$17,524,490$6,377,111$4,641,009$13,460,098
72$19,246,169$6,623,771$4,730,664$14,610,008
73$21,141,386$6,880,443$4,821,249$15,870,111
74$23,227,776$7,147,554$4,912,730$17,251,410
75$25,524,773$7,425,547$5,005,069$18,766,022
76$28,053,787$7,714,887$5,098,227$20,427,290
77$30,838,414$8,016,057$5,192,158$22,249,910
78$33,904,652$8,329,563$5,286,815$24,250,067
79$37,281,148$8,655,934$5,382,145$26,445,586
80$40,999,471$8,995,721$5,478,093$28,856,102
81$45,094,407$9,349,500$5,574,598$31,503,241
82$49,604,284$9,717,874$5,671,595$34,410,824
83$54,571,342$10,101,471$5,769,015$37,605,089
84$60,042,124$10,500,947$5,866,781$41,114,941
85$66,067,917$10,916,991$5,964,815$44,972,219
86$72,705,238$11,350,317$6,063,030$49,211,997
87$80,016,366$11,801,676$6,161,335$53,872,912
88$88,069,927$12,271,849$6,259,631$58,997,531
89$96,941,546$12,761,656$6,357,815$64,632,746
90$106,714,557$13,271,951$6,455,776$70,830,217
91$117,480,792$13,803,627$6,553,395$77,646,858
92$129,341,446$14,357,618$6,650,546$85,145,373
93$142,408,031$14,934,899$6,747,097$93,394,842
94$156,803,431$15,536,490$6,842,906$102,471,377
95$172,663,060$16,163,457$6,937,823$112,458,832
96$190,136,140$16,816,914$7,031,688$123,449,597
97$209,387,110$17,498,027$7,124,333$135,545,464
98$230,597,177$18,208,012$7,215,580$148,858,589
99$253,966,028$18,948,143$7,305,240$163,512,545
100$279,713,711$19,719,750$7,393,114$179,643,487