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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.2%
1 years$222,963$220,977$219,040$217,149$215,302$212,435
2 years$110,378$108,322$106,330$104,398$102,525$99,641
3 years$72,854$70,790$68,803$66,889$65,046$62,235
4 years$54,096$52,038$50,071$48,190$46,391$43,675
5 years$42,844$40,798$38,857$37,014$35,266$32,652
6 years$35,345$33,315$31,402$29,601$27,905$25,396
7 years$29,991$27,978$26,095$24,336$22,694$20,292
8 years$25,977$23,982$22,131$20,415$18,827$16,531
9 years$22,857$20,881$19,061$17,389$15,855$13,664
10 years$20,362$18,405$16,618$14,990$13,509$11,422
11 years$18,323$16,385$14,630$13,045$11,618$9,632
12 years$16,624$14,707$12,984$11,443$10,068$8,181
13 years$15,188$13,290$11,600$10,102$8,780$6,990
14 years$13,958$12,081$10,423$8,968$7,696$6,000
15 years$12,893$11,036$9,411$7,997$6,776$5,171
16 years$11,962$10,125$8,532$7,161$5,989$4,472
17 years$11,141$9,325$7,764$6,434$5,310$3,879
18 years$10,413$8,617$7,087$5,798$4,722$3,372
19 years$9,762$7,986$6,488$5,239$4,208$2,938
20 years$9,176$7,421$5,954$4,745$3,759$2,564
21 years$8,648$6,912$5,477$4,307$3,364$2,241
22 years$8,167$6,452$5,048$3,916$3,015$1,961
23 years$7,730$6,035$4,661$3,566$2,707$1,719
24 years$7,329$5,654$4,310$3,252$2,433$1,507
25 years$6,961$5,306$3,992$2,970$2,189$1,323
26 years$6,622$4,987$3,703$2,716$1,972$1,163
27 years$6,308$4,693$3,438$2,486$1,778$1,022
28 years$6,018$4,422$3,196$2,278$1,604$899
29 years$5,748$4,172$2,974$2,089$1,449$791
30 years$5,496$3,940$2,771$1,917$1,309$697
31 years$5,261$3,725$2,583$1,760$1,183$614
32 years$5,041$3,524$2,410$1,618$1,070$541
33 years$4,835$3,338$2,250$1,488$969$477
34 years$4,642$3,163$2,102$1,369$877$420
35 years$4,460$3,000$1,966$1,260$794$371
36 years$4,288$2,848$1,839$1,161$720$327
37 years$4,126$2,705$1,721$1,069$652$288
38 years$3,973$2,570$1,612$986$591$254
39 years$3,829$2,444$1,510$909$536$225
40 years$3,691$2,325$1,415$838$486$198
41 years$3,561$2,214$1,327$773$441$175
42 years$3,437$2,108$1,245$714$400$154
43 years$3,320$2,009$1,168$659$363$136
44 years$3,208$1,915$1,097$608$330$120
45 years$3,101$1,826$1,030$562$299$106
46 years$3,000$1,742$967$519$272$94
47 years$2,903$1,662$909$479$247$83
48 years$2,810$1,587$854$443$224$73
49 years$2,721$1,515$802$409$204$65
50 years$2,636$1,447$754$378$185$57

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 $3,120 every year, while hoping to spend $56,214 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: 46/24/30 Blend
52$2,700,000$2,700,000$2,700,000$2,700,000
53$2,978,618$2,835,518$2,793,668$3,089,747
54$3,222,626$2,914,647$2,827,445$3,248,165
55$3,489,639$2,995,770$2,860,469$3,414,311
56$3,781,943$3,078,924$2,892,656$3,593,534
57$4,102,058$3,164,148$2,923,917$3,787,093
58$4,452,757$3,251,480$2,954,157$3,996,374
59$4,837,094$3,340,958$2,983,277$4,222,905
60$5,258,433$3,432,621$3,011,173$4,468,367
61$5,720,480$3,526,506$3,037,733$4,734,616
62$6,227,315$3,622,651$3,062,843$5,023,692
63$6,783,432$3,721,092$3,086,379$5,337,846
64$7,393,782$3,821,865$3,108,214$5,679,556
65$8,063,819$3,925,008$3,128,210$6,051,555
66$8,799,550$4,030,555$3,146,226$6,456,852
67$9,607,592$4,138,540$3,162,112$6,898,764
68$10,495,234$4,248,996$3,175,711$7,380,947
69$11,470,508$4,361,956$3,186,857$7,907,427
70$12,542,259$4,477,452$3,195,376$8,482,644
71$13,720,234$4,595,512$3,201,086$9,111,489
72$15,015,171$4,716,165$3,203,795$9,799,353
73$16,438,899$4,839,437$3,203,303$10,552,178
74$18,004,450$4,965,353$3,199,397$11,376,510
75$19,726,185$5,093,936$3,191,858$12,279,567
76$21,619,922$5,225,206$3,180,452$13,269,301
77$23,703,094$5,359,181$3,164,937$14,354,478
78$25,994,904$5,495,875$3,145,057$15,544,757
79$28,516,513$5,635,301$3,120,544$16,850,785
80$31,291,235$5,777,469$3,091,120$18,284,297
81$34,344,759$5,922,382$3,056,491$19,858,226
82$37,705,389$6,070,044$3,016,348$21,586,825
83$41,404,314$6,220,451$2,970,371$23,485,804
84$45,475,898$6,373,597$2,918,222$25,572,477
85$49,958,006$6,529,470$2,859,549$27,865,927
86$54,892,362$6,688,054$2,793,983$30,387,185
87$60,324,939$6,849,324$2,721,138$33,159,432
88$66,306,396$7,013,255$2,640,609$36,208,216
89$72,892,553$7,179,809$2,551,975$39,561,693
90$80,144,920$7,348,946$2,454,793$43,250,897
91$88,131,274$7,520,617$2,348,600$47,310,030
92$96,926,301$7,694,764$2,232,915$51,776,788
93$106,612,298$7,871,322$2,107,233$56,692,717
94$117,279,952$8,050,216$1,971,024$62,103,605
95$129,029,192$8,231,362$1,823,738$68,059,917
96$141,970,135$8,414,664$1,664,799$74,617,271
97$156,224,124$8,600,017$1,493,604$81,836,964
98$171,924,869$8,787,303$1,309,525$89,786,555
99$189,219,716$8,976,391$1,111,905$98,540,498
100$208,271,031$9,167,138$900,057$108,180,853