Can I retire at age 53 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$225,441$223,433$221,474$219,561$217,694$216,413
2 years$111,604$109,526$107,511$105,558$103,664$102,371
3 years$73,664$71,576$69,567$67,632$65,769$64,505
4 years$54,697$52,616$50,627$48,725$46,907$45,681
5 years$43,320$41,252$39,289$37,426$35,658$34,474
6 years$35,738$33,685$31,751$29,930$28,215$27,075
7 years$30,324$28,289$26,385$24,607$22,946$21,850
8 years$26,266$24,249$22,377$20,642$19,036$17,984
9 years$23,111$21,113$19,273$17,582$16,031$15,023
10 years$20,589$18,610$16,803$15,156$13,659$12,695
11 years$18,526$16,567$14,793$13,190$11,747$10,826
12 years$16,809$14,870$13,128$11,570$10,180$9,300
13 years$15,357$13,438$11,729$10,214$8,877$8,038
14 years$14,113$12,215$10,539$9,067$7,782$6,983
15 years$13,036$11,158$9,515$8,086$6,852$6,092
16 years$12,095$10,238$8,627$7,240$6,056$5,334
17 years$11,265$9,429$7,850$6,505$5,369$4,684
18 years$10,529$8,712$7,166$5,863$4,774$4,125
19 years$9,870$8,075$6,560$5,297$4,255$3,640
20 years$9,278$7,503$6,021$4,798$3,801$3,219
21 years$8,744$6,989$5,538$4,354$3,401$2,852
22 years$8,258$6,524$5,104$3,959$3,049$2,530
23 years$7,816$6,102$4,713$3,606$2,737$2,247
24 years$7,410$5,717$4,358$3,289$2,460$1,999
25 years$7,038$5,365$4,037$3,003$2,214$1,780
26 years$6,695$5,042$3,744$2,746$1,994$1,586
27 years$6,378$4,745$3,477$2,514$1,798$1,414
28 years$6,085$4,472$3,232$2,303$1,622$1,262
29 years$5,811$4,218$3,008$2,112$1,465$1,127
30 years$5,557$3,984$2,801$1,938$1,323$1,007
31 years$5,320$3,766$2,612$1,780$1,196$900
32 years$5,097$3,563$2,437$1,636$1,082$805
33 years$4,889$3,375$2,275$1,504$979$720
34 years$4,693$3,198$2,126$1,384$887$645
35 years$4,509$3,034$1,987$1,274$803$577
36 years$4,336$2,879$1,859$1,173$728$517
37 years$4,172$2,735$1,740$1,081$660$463
38 years$4,017$2,599$1,630$997$598$415
39 years$3,871$2,471$1,527$919$542$372
40 years$3,732$2,351$1,431$848$492$333
41 years$3,601$2,238$1,342$782$446$299
42 years$3,476$2,132$1,259$722$405$268
43 years$3,357$2,031$1,181$666$367$240
44 years$3,244$1,936$1,109$615$334$215
45 years$3,136$1,846$1,041$568$303$193
46 years$3,033$1,761$978$525$275$173
47 years$2,935$1,681$919$485$250$155
48 years$2,841$1,604$863$448$227$139
49 years$2,751$1,532$811$414$206$125
50 years$2,665$1,464$763$383$187$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,730,000, adding $2,449 every year, while hoping to spend $53,789 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: 67/26/7 Blend
52$2,730,000$2,730,000$2,730,000$2,730,000
53$3,010,986$2,866,296$2,823,981$3,208,975
54$3,260,876$2,949,514$2,861,353$3,423,864
55$3,534,451$3,035,006$2,898,175$3,651,988
56$3,834,072$3,122,828$2,934,370$3,899,936
57$4,162,335$3,213,035$2,969,860$4,169,636
58$4,522,104$3,305,683$3,004,560$4,463,212
59$4,916,527$3,400,831$3,038,382$4,782,998
60$5,349,077$3,498,535$3,071,232$5,131,567
61$5,823,575$3,598,856$3,103,010$5,511,750
62$6,344,232$3,701,852$3,133,614$5,926,664
63$6,915,685$3,807,585$3,162,932$6,379,742
64$7,543,044$3,916,115$3,190,849$6,874,765
65$8,231,935$4,027,505$3,217,242$7,415,896
66$8,988,557$4,141,818$3,241,985$8,007,719
67$9,819,739$4,259,116$3,264,940$8,655,285
68$10,733,003$4,379,464$3,285,967$9,364,155
69$11,736,638$4,502,926$3,304,915$10,140,454
70$12,839,772$4,629,566$3,321,627$10,990,931
71$14,052,466$4,759,452$3,335,938$11,923,018
72$15,385,799$4,892,647$3,347,674$12,944,903
73$16,851,982$5,029,218$3,356,652$14,065,605
74$18,464,466$5,169,231$3,362,682$15,295,061
75$20,238,071$5,312,753$3,365,561$16,644,217
76$22,189,126$5,459,850$3,365,079$18,125,131
77$24,335,622$5,610,587$3,361,014$19,751,091
78$26,697,381$5,765,032$3,353,134$21,536,732
79$29,296,245$5,923,249$3,341,195$23,498,182
80$32,156,278$6,085,305$3,324,942$25,653,209
81$35,303,997$6,251,264$3,304,106$28,021,389
82$38,768,619$6,421,190$3,278,407$30,624,292
83$42,582,336$6,595,146$3,247,552$33,485,682
84$46,780,620$6,773,194$3,211,231$36,631,747
85$51,402,558$6,955,395$3,169,122$40,091,337
86$56,491,219$7,141,810$3,120,888$43,896,246
87$62,094,060$7,332,495$3,066,174$48,081,502
88$68,263,374$7,527,507$3,004,610$52,685,705
89$75,056,783$7,726,899$2,935,809$57,751,387
90$82,537,781$7,930,724$2,859,366$63,325,414
91$90,776,336$8,139,030$2,774,856$69,459,427
92$99,849,544$8,351,864$2,681,835$76,210,332
93$109,842,360$8,569,269$2,579,839$83,640,833
94$120,848,401$8,791,284$2,468,384$91,820,027
95$132,970,826$9,017,943$2,346,962$100,824,052
96$146,323,307$9,249,280$2,215,043$110,736,811
97$161,031,110$9,485,320$2,072,072$121,650,758
98$177,232,268$9,726,086$1,917,471$133,667,773
99$195,078,887$9,971,592$1,750,634$146,900,124
100$214,738,583$10,221,849$1,570,930$161,471,526