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%13.3%
1 years$225,441$223,433$221,474$219,561$217,694$214,707
2 years$111,604$109,526$107,511$105,558$103,664$100,660
3 years$73,664$71,576$69,567$67,632$65,769$62,841
4 years$54,697$52,616$50,627$48,725$46,907$44,078
5 years$43,320$41,252$39,289$37,426$35,658$32,936
6 years$35,738$33,685$31,751$29,930$28,215$25,603
7 years$30,324$28,289$26,385$24,607$22,946$20,446
8 years$26,266$24,249$22,377$20,642$19,036$16,647
9 years$23,111$21,113$19,273$17,582$16,031$13,751
10 years$20,589$18,610$16,803$15,156$13,659$11,488
11 years$18,526$16,567$14,793$13,190$11,747$9,682
12 years$16,809$14,870$13,128$11,570$10,180$8,218
13 years$15,357$13,438$11,729$10,214$8,877$7,017
14 years$14,113$12,215$10,539$9,067$7,782$6,019
15 years$13,036$11,158$9,515$8,086$6,852$5,184
16 years$12,095$10,238$8,627$7,240$6,056$4,480
17 years$11,265$9,429$7,850$6,505$5,369$3,883
18 years$10,529$8,712$7,166$5,863$4,774$3,373
19 years$9,870$8,075$6,560$5,297$4,255$2,937
20 years$9,278$7,503$6,021$4,798$3,801$2,561
21 years$8,744$6,989$5,538$4,354$3,401$2,237
22 years$8,258$6,524$5,104$3,959$3,049$1,956
23 years$7,816$6,102$4,713$3,606$2,737$1,713
24 years$7,410$5,717$4,358$3,289$2,460$1,501
25 years$7,038$5,365$4,037$3,003$2,214$1,317
26 years$6,695$5,042$3,744$2,746$1,994$1,156
27 years$6,378$4,745$3,477$2,514$1,798$1,015
28 years$6,085$4,472$3,232$2,303$1,622$893
29 years$5,811$4,218$3,008$2,112$1,465$785
30 years$5,557$3,984$2,801$1,938$1,323$691
31 years$5,320$3,766$2,612$1,780$1,196$608
32 years$5,097$3,563$2,437$1,636$1,082$535
33 years$4,889$3,375$2,275$1,504$979$471
34 years$4,693$3,198$2,126$1,384$887$415
35 years$4,509$3,034$1,987$1,274$803$366
36 years$4,336$2,879$1,859$1,173$728$322
37 years$4,172$2,735$1,740$1,081$660$284
38 years$4,017$2,599$1,630$997$598$250
39 years$3,871$2,471$1,527$919$542$221
40 years$3,732$2,351$1,431$848$492$195
41 years$3,601$2,238$1,342$782$446$172
42 years$3,476$2,132$1,259$722$405$151
43 years$3,357$2,031$1,181$666$367$134
44 years$3,244$1,936$1,109$615$334$118
45 years$3,136$1,846$1,041$568$303$104
46 years$3,033$1,761$978$525$275$92
47 years$2,935$1,681$919$485$250$81
48 years$2,841$1,604$863$448$227$71
49 years$2,751$1,532$811$414$206$63
50 years$2,665$1,464$763$383$187$56

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 $2,095 every year, while hoping to spend $38,691 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: 57/28/15 Blend
52$2,730,000$2,730,000$2,730,000$2,730,000
53$3,010,621$2,865,931$2,823,616$3,170,438
54$3,276,537$2,965,195$2,877,040$3,378,239
55$3,568,281$3,068,026$2,930,957$3,600,157
56$3,888,444$3,174,558$2,985,343$3,841,089
57$4,239,884$3,284,930$3,040,171$4,102,867
58$4,625,748$3,399,287$3,095,413$4,387,506
59$5,049,502$3,517,780$3,151,037$4,697,222
60$5,514,965$3,640,565$3,207,010$5,034,456
61$6,026,343$3,767,804$3,263,296$5,401,891
62$6,588,270$3,899,666$3,319,857$5,802,483
63$7,205,852$4,036,328$3,376,650$6,239,484
64$7,884,713$4,177,973$3,433,632$6,716,473
65$8,631,049$4,324,789$3,490,755$7,237,391
66$9,451,688$4,476,976$3,547,967$7,806,576
67$10,354,151$4,634,738$3,605,214$8,428,807
68$11,346,724$4,798,290$3,662,439$9,109,340
69$12,438,538$4,967,854$3,719,578$9,853,969
70$13,639,651$5,143,662$3,776,567$10,669,068
71$14,961,149$5,325,954$3,833,335$11,561,660
72$16,415,242$5,514,982$3,889,808$12,539,479
73$18,015,386$5,711,006$3,945,906$13,611,041
74$19,776,408$5,914,297$4,001,546$14,785,725
75$21,714,642$6,125,138$4,056,639$16,073,862
76$23,848,090$6,343,824$4,111,090$17,486,831
77$26,196,583$6,570,659$4,164,799$19,037,163
78$28,781,976$6,805,963$4,217,662$20,738,664
79$31,628,350$7,050,068$4,269,566$22,606,539
80$34,762,238$7,303,317$4,320,392$24,657,540
81$38,212,878$7,566,072$4,370,017$26,910,118
82$42,012,487$7,838,705$4,418,309$29,384,599
83$46,196,567$8,121,607$4,465,128$32,103,377
84$50,804,234$8,415,184$4,510,328$35,091,119
85$55,878,596$8,719,858$4,553,754$38,375,002
86$61,467,152$9,036,070$4,595,243$41,984,967
87$67,622,241$9,364,277$4,634,624$45,954,000
88$74,401,541$9,704,958$4,671,715$50,318,442
89$81,868,607$10,058,610$4,706,326$55,118,332
90$90,093,474$10,425,751$4,738,258$60,397,782
91$99,153,318$10,806,922$4,767,298$66,205,396
92$109,133,180$11,202,685$4,793,226$72,594,724
93$120,126,774$11,613,626$4,815,809$79,624,766
94$132,237,368$12,040,357$4,834,802$87,360,533
95$145,578,759$12,483,514$4,849,947$95,873,651
96$160,276,347$12,943,760$4,860,975$105,243,042
97$176,468,318$13,421,789$4,867,602$115,555,668
98$194,306,950$13,918,320$4,869,529$126,907,344
99$213,960,046$14,434,105$4,866,446$139,403,649
100$235,612,523$14,969,928$4,858,024$153,160,914