Can I retire at age 53 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$227,092$225,070$223,096$221,170$219,289$211,089
2 years$112,422$110,328$108,299$106,332$104,423$96,256
3 years$74,204$72,101$70,077$68,128$66,250$58,372
4 years$55,098$53,002$50,998$49,082$47,250$39,722
5 years$43,638$41,554$39,576$37,700$35,919$28,759
6 years$36,000$33,932$31,984$30,149$28,421$21,636
7 years$30,547$28,496$26,579$24,787$23,114$16,701
8 years$26,458$24,426$22,541$20,793$19,175$13,128
9 years$23,280$21,268$19,414$17,711$16,149$10,459
10 years$20,740$18,746$16,926$15,267$13,759$8,418
11 years$18,662$16,689$14,901$13,287$11,834$6,828
12 years$16,932$14,979$13,224$11,655$10,255$5,572
13 years$15,469$13,537$11,815$10,289$8,942$4,569
14 years$14,216$12,304$10,616$9,134$7,839$3,762
15 years$13,132$11,240$9,585$8,146$6,902$3,107
16 years$12,184$10,313$8,690$7,293$6,100$2,573
17 years$11,348$9,498$7,908$6,553$5,409$2,135
18 years$10,606$8,776$7,219$5,906$4,809$1,774
19 years$9,943$8,134$6,608$5,336$4,286$1,477
20 years$9,346$7,558$6,065$4,833$3,829$1,231
21 years$8,808$7,040$5,578$4,386$3,426$1,027
22 years$8,319$6,572$5,141$3,988$3,071$857
23 years$7,873$6,146$4,747$3,632$2,757$716
24 years$7,465$5,759$4,390$3,313$2,478$598
25 years$7,090$5,404$4,066$3,025$2,230$500
26 years$6,744$5,079$3,771$2,766$2,008$419
27 years$6,425$4,780$3,502$2,532$1,811$350
28 years$6,129$4,504$3,256$2,320$1,634$293
29 years$5,854$4,249$3,030$2,127$1,475$246
30 years$5,598$4,013$2,822$1,952$1,333$206
31 years$5,359$3,794$2,631$1,793$1,205$172
32 years$5,135$3,590$2,455$1,648$1,090$144
33 years$4,925$3,399$2,292$1,515$987$121
34 years$4,728$3,222$2,141$1,394$893$101
35 years$4,542$3,056$2,002$1,284$809$85
36 years$4,368$2,900$1,873$1,182$733$71
37 years$4,203$2,755$1,753$1,089$664$60
38 years$4,047$2,618$1,642$1,004$602$50
39 years$3,899$2,489$1,538$926$546$42
40 years$3,760$2,369$1,442$854$495$35
41 years$3,627$2,255$1,352$788$449$29
42 years$3,501$2,147$1,268$727$408$25
43 years$3,381$2,046$1,190$671$370$21
44 years$3,267$1,950$1,117$620$336$17
45 years$3,159$1,860$1,049$572$305$14
46 years$3,055$1,774$985$529$277$12
47 years$2,956$1,693$925$488$251$10
48 years$2,862$1,616$870$451$228$9
49 years$2,771$1,543$817$417$207$7
50 years$2,685$1,474$768$385$188$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,750,000, adding $6,485 every year, while hoping to spend $33,185 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: 68/12/20 Blend
52$2,750,000$2,750,000$2,750,000$2,750,000
53$3,037,189$2,891,439$2,848,814$3,228,224
54$3,311,674$2,997,811$2,908,941$3,463,172
55$3,613,044$3,108,283$2,969,970$3,715,618
56$3,944,006$3,223,021$3,031,896$3,990,966
57$4,307,544$3,342,198$3,094,713$4,291,469
58$4,706,941$3,465,993$3,158,413$4,619,612
59$5,145,818$3,594,596$3,222,989$4,978,128
60$5,628,161$3,728,201$3,288,429$5,370,028
61$6,158,364$3,867,013$3,354,722$5,798,627
62$6,741,265$4,011,245$3,421,853$6,267,575
63$7,382,197$4,161,119$3,489,808$6,780,893
64$8,087,034$4,316,866$3,558,570$7,343,008
65$8,862,247$4,478,729$3,628,118$7,958,797
66$9,714,968$4,646,958$3,698,431$8,633,631
67$10,653,053$4,821,817$3,769,486$9,373,425
68$11,685,157$5,003,579$3,841,258$10,184,694
69$12,820,820$5,192,531$3,913,716$11,074,617
70$14,070,549$5,388,970$3,986,831$12,051,100
71$15,445,923$5,593,208$4,060,568$13,122,851
72$16,959,702$5,805,570$4,134,891$14,299,465
73$18,625,942$6,026,393$4,209,761$15,591,511
74$20,460,133$6,256,032$4,285,133$17,010,631
75$22,479,344$6,494,854$4,360,962$18,569,654
76$24,702,381$6,743,246$4,437,199$20,282,709
77$27,149,968$7,001,609$4,513,788$22,165,367
78$29,844,938$7,270,362$4,590,674$24,234,779
79$32,812,454$7,549,942$4,667,794$26,509,843
80$36,080,242$7,840,807$4,745,083$29,011,380
81$39,678,853$8,143,432$4,822,470$31,762,329
82$43,641,953$8,458,318$4,899,879$34,787,967
83$48,006,639$8,785,981$4,977,231$38,116,140
84$52,813,788$9,126,967$5,054,441$41,777,532
85$58,108,447$9,481,840$5,131,417$45,805,951
86$63,940,252$9,851,194$5,208,063$50,238,647
87$70,363,900$10,235,645$5,284,276$55,116,666
88$77,439,665$10,635,839$5,359,946$60,485,233
89$85,233,966$11,052,450$5,434,960$66,394,180
90$93,819,993$11,486,182$5,509,192$72,898,417
91$103,278,397$11,937,770$5,582,515$80,058,446
92$113,698,054$12,407,982$5,654,791$87,940,938
93$125,176,903$12,897,619$5,725,873$96,619,352
94$137,822,865$13,407,521$5,795,608$106,174,637
95$151,754,870$13,938,563$5,863,834$116,695,989
96$167,103,974$14,491,659$5,930,379$128,281,696
97$184,014,594$15,067,765$5,995,061$141,040,064
98$202,645,876$15,667,879$6,057,690$155,090,435
99$223,173,196$16,293,046$6,118,063$170,564,320
100$245,789,812$16,944,355$6,175,968$187,606,631