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

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$227,092$225,070$223,096$221,170$219,289$217,361
2 years$112,422$110,328$108,299$106,332$104,423$102,480
3 years$74,204$72,101$70,077$68,128$66,250$64,353
4 years$55,098$53,002$50,998$49,082$47,250$45,413
5 years$43,638$41,554$39,576$37,700$35,919$34,147
6 years$36,000$33,932$31,984$30,149$28,421$26,717
7 years$30,547$28,496$26,579$24,787$23,114$21,478
8 years$26,458$24,426$22,541$20,793$19,175$17,608
9 years$23,280$21,268$19,414$17,711$16,149$14,649
10 years$20,740$18,746$16,926$15,267$13,759$12,326
11 years$18,662$16,689$14,901$13,287$11,834$10,466
12 years$16,932$14,979$13,224$11,655$10,255$8,952
13 years$15,469$13,537$11,815$10,289$8,942$7,703
14 years$14,216$12,304$10,616$9,134$7,839$6,661
15 years$13,132$11,240$9,585$8,146$6,902$5,784
16 years$12,184$10,313$8,690$7,293$6,100$5,040
17 years$11,348$9,498$7,908$6,553$5,409$4,405
18 years$10,606$8,776$7,219$5,906$4,809$3,860
19 years$9,943$8,134$6,608$5,336$4,286$3,389
20 years$9,346$7,558$6,065$4,833$3,829$2,982
21 years$8,808$7,040$5,578$4,386$3,426$2,628
22 years$8,319$6,572$5,141$3,988$3,071$2,319
23 years$7,873$6,146$4,747$3,632$2,757$2,049
24 years$7,465$5,759$4,390$3,313$2,478$1,813
25 years$7,090$5,404$4,066$3,025$2,230$1,605
26 years$6,744$5,079$3,771$2,766$2,008$1,423
27 years$6,425$4,780$3,502$2,532$1,811$1,262
28 years$6,129$4,504$3,256$2,320$1,634$1,120
29 years$5,854$4,249$3,030$2,127$1,475$994
30 years$5,598$4,013$2,822$1,952$1,333$883
31 years$5,359$3,794$2,631$1,793$1,205$785
32 years$5,135$3,590$2,455$1,648$1,090$698
33 years$4,925$3,399$2,292$1,515$987$621
34 years$4,728$3,222$2,141$1,394$893$553
35 years$4,542$3,056$2,002$1,284$809$492
36 years$4,368$2,900$1,873$1,182$733$438
37 years$4,203$2,755$1,753$1,089$664$390
38 years$4,047$2,618$1,642$1,004$602$347
39 years$3,899$2,489$1,538$926$546$309
40 years$3,760$2,369$1,442$854$495$276
41 years$3,627$2,255$1,352$788$449$246
42 years$3,501$2,147$1,268$727$408$219
43 years$3,381$2,046$1,190$671$370$195
44 years$3,267$1,950$1,117$620$336$174
45 years$3,159$1,860$1,049$572$305$155
46 years$3,055$1,774$985$529$277$138
47 years$2,956$1,693$925$488$251$123
48 years$2,862$1,616$870$451$228$110
49 years$2,771$1,543$817$417$207$98
50 years$2,685$1,474$768$385$188$87

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 $3,894 every year, while hoping to spend $41,295 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: 81/13/6 Blend
52$2,750,000$2,750,000$2,750,000$2,750,000
53$3,034,517$2,888,767$2,846,142$3,278,735
54$3,300,100$2,986,379$2,897,550$3,536,663
55$3,591,388$3,087,390$2,949,296$3,813,783
56$3,910,961$3,191,922$3,001,348$4,116,652
57$4,261,657$3,300,105$3,053,672$4,447,822
58$4,646,605$3,412,069$3,106,229$4,810,100
59$5,069,251$3,527,953$3,158,980$5,206,579
60$5,533,391$3,647,899$3,211,882$5,640,664
61$6,043,206$3,772,055$3,264,889$6,116,105
62$6,603,302$3,900,575$3,317,952$6,637,032
63$7,218,755$4,033,619$3,371,019$7,207,992
64$7,895,154$4,171,352$3,424,034$7,833,996
65$8,638,658$4,313,947$3,476,938$8,520,561
66$9,456,053$4,461,583$3,529,668$9,273,764
67$10,354,815$4,614,444$3,582,156$10,100,300
68$11,343,179$4,772,724$3,634,330$11,007,542
69$12,430,219$4,936,624$3,686,116$12,003,612
70$13,625,933$5,106,351$3,737,434$13,097,459
71$14,941,337$5,282,121$3,788,196$14,298,940
72$16,388,568$5,464,159$3,838,315$15,618,912
73$17,980,997$5,652,698$3,887,694$17,069,339
74$19,733,359$5,847,980$3,936,232$18,663,400
75$21,661,888$6,050,258$3,983,822$20,415,614
76$23,784,473$6,259,793$4,030,352$22,341,977
77$26,120,823$6,476,856$4,075,703$24,460,112
78$28,692,656$6,701,732$4,119,749$26,789,436
79$31,523,903$6,934,713$4,162,356$29,351,343
80$34,640,932$7,176,104$4,203,386$32,169,402
81$38,072,798$7,426,224$4,242,690$35,269,582
82$41,851,517$7,685,402$4,280,114$38,680,498
83$46,012,367$7,953,982$4,315,492$42,433,676
84$50,594,221$8,232,320$4,348,654$46,563,853
85$55,639,915$8,520,788$4,379,418$51,109,306
86$61,196,650$8,819,770$4,407,592$56,112,208
87$67,316,438$9,129,668$4,432,976$61,619,028
88$74,056,593$9,450,900$4,455,359$67,680,970
89$81,480,271$9,783,900$4,474,519$74,354,454
90$89,657,067$10,129,119$4,490,223$81,701,649
91$98,663,668$10,487,026$4,502,226$89,791,058
92$108,584,582$10,858,110$4,510,271$98,698,165
93$119,512,932$11,242,880$4,514,087$108,506,146
94$131,551,334$11,641,865$4,513,393$119,306,653
95$144,812,869$12,055,614$4,507,889$131,200,681
96$159,422,143$12,484,701$4,497,266$144,299,517
97$175,516,472$12,929,722$4,481,194$158,725,791
98$193,247,171$13,391,297$4,459,333$174,614,634
99$212,780,983$13,870,071$4,431,321$192,114,952
100$234,301,656$14,366,717$4,396,783$211,390,830