Can I retire at age 53 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$222,963$220,977$219,040$217,149$215,302$212,876
2 years$110,378$108,322$106,330$104,398$102,525$100,083
3 years$72,854$70,790$68,803$66,889$65,046$62,664
4 years$54,096$52,038$50,071$48,190$46,391$44,087
5 years$42,844$40,798$38,857$37,014$35,266$33,046
6 years$35,345$33,315$31,402$29,601$27,905$25,772
7 years$29,991$27,978$26,095$24,336$22,694$20,650
8 years$25,977$23,982$22,131$20,415$18,827$16,871
9 years$22,857$20,881$19,061$17,389$15,855$13,986
10 years$20,362$18,405$16,618$14,990$13,509$11,726
11 years$18,323$16,385$14,630$13,045$11,618$9,920
12 years$16,624$14,707$12,984$11,443$10,068$8,453
13 years$15,188$13,290$11,600$10,102$8,780$7,245
14 years$13,958$12,081$10,423$8,968$7,696$6,240
15 years$12,893$11,036$9,411$7,997$6,776$5,396
16 years$11,962$10,125$8,532$7,161$5,989$4,683
17 years$11,141$9,325$7,764$6,434$5,310$4,076
18 years$10,413$8,617$7,087$5,798$4,722$3,556
19 years$9,762$7,986$6,488$5,239$4,208$3,109
20 years$9,176$7,421$5,954$4,745$3,759$2,724
21 years$8,648$6,912$5,477$4,307$3,364$2,390
22 years$8,167$6,452$5,048$3,916$3,015$2,099
23 years$7,730$6,035$4,661$3,566$2,707$1,847
24 years$7,329$5,654$4,310$3,252$2,433$1,626
25 years$6,961$5,306$3,992$2,970$2,189$1,433
26 years$6,622$4,987$3,703$2,716$1,972$1,264
27 years$6,308$4,693$3,438$2,486$1,778$1,116
28 years$6,018$4,422$3,196$2,278$1,604$985
29 years$5,748$4,172$2,974$2,089$1,449$871
30 years$5,496$3,940$2,771$1,917$1,309$770
31 years$5,261$3,725$2,583$1,760$1,183$681
32 years$5,041$3,524$2,410$1,618$1,070$602
33 years$4,835$3,338$2,250$1,488$969$533
34 years$4,642$3,163$2,102$1,369$877$472
35 years$4,460$3,000$1,966$1,260$794$418
36 years$4,288$2,848$1,839$1,161$720$370
37 years$4,126$2,705$1,721$1,069$652$328
38 years$3,973$2,570$1,612$986$591$291
39 years$3,829$2,444$1,510$909$536$258
40 years$3,691$2,325$1,415$838$486$228
41 years$3,561$2,214$1,327$773$441$202
42 years$3,437$2,108$1,245$714$400$179
43 years$3,320$2,009$1,168$659$363$159
44 years$3,208$1,915$1,097$608$330$141
45 years$3,101$1,826$1,030$562$299$125
46 years$3,000$1,742$967$519$272$111
47 years$2,903$1,662$909$479$247$98
48 years$2,810$1,587$854$443$224$87
49 years$2,721$1,515$802$409$204$77
50 years$2,636$1,447$754$378$185$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,700,000, adding $4,690 every year, while hoping to spend $34,451 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: 67/21/12 Blend
52$2,700,000$2,700,000$2,700,000$2,700,000
53$2,980,238$2,837,138$2,795,288$3,171,694
54$3,247,566$2,939,502$2,852,274$3,402,120
55$3,541,008$3,045,727$2,910,015$3,649,436
56$3,863,189$3,155,967$2,968,499$3,918,952
57$4,217,005$3,270,379$3,027,714$4,212,837
58$4,605,642$3,389,131$3,087,646$4,533,481
59$5,032,614$3,512,394$3,148,278$4,883,512
60$5,501,788$3,640,349$3,209,592$5,265,825
61$6,017,427$3,773,182$3,271,570$5,683,606
62$6,584,226$3,911,090$3,334,190$6,140,361
63$7,207,360$4,054,276$3,397,428$6,639,952
64$7,892,526$4,202,951$3,461,257$7,186,632
65$8,646,005$4,357,337$3,525,651$7,785,082
66$9,474,715$4,517,664$3,590,577$8,440,456
67$10,386,278$4,684,172$3,656,004$9,158,432
68$11,389,092$4,857,110$3,721,894$9,945,261
69$12,492,411$5,036,740$3,788,209$10,807,828
70$13,706,430$5,223,333$3,854,906$11,753,715
71$15,042,382$5,417,172$3,921,942$12,791,273
72$16,512,645$5,618,554$3,989,267$13,929,701
73$18,130,857$5,827,785$4,056,830$15,179,129
74$19,912,045$6,045,187$4,124,574$16,550,717
75$21,872,767$6,271,095$4,192,441$18,056,756
76$24,031,269$6,505,858$4,260,367$19,710,787
77$26,407,653$6,749,840$4,328,284$21,527,725
78$29,024,072$7,003,420$4,396,120$23,524,001
79$31,904,934$7,266,996$4,463,798$25,717,714
80$35,077,138$7,540,979$4,531,235$28,128,806
81$38,570,321$7,825,801$4,598,346$30,779,243
82$42,417,140$8,121,912$4,665,038$33,693,225
83$46,653,584$8,429,781$4,731,212$36,897,416
84$51,319,306$8,749,897$4,796,764$40,421,188
85$56,458,005$9,082,771$4,861,585$44,296,904
86$62,117,830$9,428,936$4,925,557$48,560,220
87$68,351,843$9,788,949$4,988,557$53,250,419
88$75,218,512$10,163,388$5,050,455$58,410,783
89$82,782,267$10,552,861$5,111,112$64,088,999
90$91,114,106$10,957,999$5,170,382$70,337,610
91$100,292,266$11,379,462$5,228,111$77,214,508
92$110,402,961$11,817,939$5,284,136$84,783,480
93$121,541,195$12,274,150$5,338,287$93,114,808
94$133,811,658$12,748,844$5,390,380$102,285,932
95$147,329,716$13,242,807$5,440,227$112,382,182
96$162,222,498$13,756,855$5,487,626$123,497,577
97$178,630,096$14,291,844$5,532,364$135,735,715
98$196,706,887$14,848,666$5,574,220$149,210,749
99$216,622,992$15,428,253$5,612,958$164,048,461
100$238,565,877$16,031,577$5,648,333$180,387,449