Can I retire at age 53 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$223,789$221,796$219,851$217,953$216,099$211,563
2 years$110,787$108,723$106,724$104,785$102,904$98,356
3 years$73,124$71,052$69,057$67,137$65,287$60,867
4 years$54,297$52,231$50,256$48,368$46,563$42,307
5 years$43,003$40,950$39,001$37,151$35,397$31,316
6 years$35,476$33,438$31,518$29,710$28,008$24,107
7 years$30,102$28,081$26,192$24,426$22,778$19,058
8 years$26,074$24,071$22,213$20,491$18,897$15,356
9 years$22,942$20,958$19,132$17,454$15,914$12,550
10 years$20,438$18,474$16,680$15,045$13,559$10,369
11 years$18,391$16,446$14,684$13,094$11,661$8,641
12 years$16,686$14,761$13,032$11,485$10,106$7,250
13 years$15,244$13,340$11,643$10,140$8,812$6,117
14 years$14,010$12,125$10,462$9,001$7,725$5,184
15 years$12,941$11,077$9,445$8,027$6,801$4,410
16 years$12,006$10,163$8,564$7,187$6,011$3,763
17 years$11,183$9,359$7,793$6,458$5,330$3,220
18 years$10,451$8,649$7,114$5,820$4,739$2,761
19 years$9,798$8,015$6,512$5,259$4,224$2,372
20 years$9,210$7,448$5,977$4,763$3,773$2,041
21 years$8,680$6,938$5,497$4,322$3,376$1,758
22 years$8,198$6,476$5,067$3,930$3,026$1,517
23 years$7,758$6,057$4,678$3,579$2,717$1,310
24 years$7,356$5,675$4,326$3,264$2,442$1,132
25 years$6,987$5,326$4,007$2,981$2,197$979
26 years$6,646$5,005$3,716$2,726$1,979$847
27 years$6,332$4,711$3,451$2,495$1,784$733
28 years$6,040$4,439$3,208$2,286$1,610$635
29 years$5,769$4,187$2,985$2,096$1,454$550
30 years$5,516$3,955$2,781$1,924$1,314$477
31 years$5,281$3,738$2,593$1,767$1,188$414
32 years$5,060$3,537$2,419$1,624$1,074$359
33 years$4,853$3,350$2,259$1,493$972$311
34 years$4,659$3,175$2,110$1,374$880$270
35 years$4,476$3,011$1,973$1,265$797$234
36 years$4,304$2,858$1,846$1,165$722$203
37 years$4,142$2,715$1,727$1,073$655$177
38 years$3,988$2,580$1,618$989$594$153
39 years$3,843$2,453$1,516$912$538$133
40 years$3,705$2,334$1,421$841$488$116
41 years$3,574$2,222$1,332$776$443$100
42 years$3,450$2,116$1,250$716$402$87
43 years$3,332$2,016$1,172$661$365$76
44 years$3,220$1,922$1,101$611$331$66
45 years$3,113$1,833$1,033$564$301$57
46 years$3,011$1,748$971$521$273$50
47 years$2,913$1,668$912$481$248$43
48 years$2,820$1,593$857$445$225$37
49 years$2,731$1,521$805$411$204$33
50 years$2,646$1,453$757$380$186$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,710,000, adding $5,465 every year, while hoping to spend $50,392 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: 80/9/11 Blend
52$2,710,000$2,710,000$2,710,000$2,710,000
53$2,992,057$2,848,427$2,806,422$3,225,260
54$3,243,630$2,934,383$2,846,821$3,465,070
55$3,519,175$3,022,863$2,886,883$3,721,049
56$3,821,083$3,113,935$2,926,546$4,000,475
57$4,151,989$3,207,673$2,965,741$4,305,668
58$4,514,793$3,304,151$3,004,395$4,639,186
59$4,912,692$3,403,444$3,042,432$5,003,843
60$5,349,204$3,505,630$3,079,771$5,402,741
61$5,828,206$3,610,789$3,116,326$5,839,295
62$6,353,967$3,719,002$3,152,007$6,317,268
63$6,931,192$3,830,353$3,186,720$6,840,802
64$7,565,061$3,944,928$3,220,362$7,414,463
65$8,261,281$4,062,814$3,252,829$8,043,278
66$9,026,141$4,184,100$3,284,007$8,732,787
67$9,866,566$4,308,880$3,313,780$9,489,090
68$10,790,186$4,437,245$3,342,022$10,318,910
69$11,805,408$4,569,294$3,368,603$11,229,653
70$12,921,494$4,705,123$3,393,386$12,229,476
71$14,148,647$4,844,834$3,416,224$13,327,369
72$15,498,107$4,988,530$3,436,966$14,533,234
73$16,982,261$5,136,315$3,455,451$15,857,983
74$18,614,754$5,288,297$3,471,511$17,313,636
75$20,410,621$5,444,585$3,484,969$18,913,439
76$22,386,427$5,605,292$3,495,638$20,671,986
77$24,560,423$5,770,533$3,503,323$22,605,355
78$26,952,721$5,940,423$3,507,819$24,731,264
79$29,585,477$6,115,083$3,508,910$27,069,235
80$32,483,108$6,294,634$3,506,370$29,640,777
81$35,672,514$6,479,200$3,499,963$32,469,594
82$39,183,338$6,668,908$3,489,438$35,581,800
83$43,048,240$6,863,887$3,474,537$39,006,173
84$47,303,212$7,064,268$3,454,985$42,774,423
85$51,987,908$7,270,186$3,430,495$46,921,491
86$57,146,025$7,481,776$3,400,767$51,485,881
87$62,825,714$7,699,177$3,365,488$56,510,017
88$69,080,032$7,922,531$3,324,326$62,040,653
89$75,967,441$8,151,982$3,276,938$68,129,303
90$83,552,366$8,387,675$3,222,961$74,832,737
91$91,905,795$8,629,759$3,162,018$82,213,509
92$101,105,953$8,878,384$3,093,712$90,340,553
93$111,239,039$9,133,703$3,017,630$99,289,829
94$122,400,038$9,395,872$2,933,338$109,145,042
95$134,693,619$9,665,047$2,840,382$119,998,432
96$148,235,123$9,941,388$2,738,289$131,951,645
97$163,151,646$10,225,057$2,626,563$145,116,689
98$179,583,246$10,516,217$2,504,685$159,616,995
99$197,684,258$10,815,033$2,372,113$175,588,580
100$217,624,755$11,121,672$2,228,280$193,181,331