Can I retire at age 53 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$227,918$225,888$223,907$221,974$220,086$214,853
2 years$112,831$110,729$108,693$106,718$104,803$99,561
3 years$74,473$72,363$70,331$68,375$66,491$61,405
4 years$55,298$53,194$51,183$49,261$47,422$42,530
5 years$43,796$41,705$39,720$37,837$36,050$31,365
6 years$36,131$34,055$32,100$30,258$28,525$24,054
7 years$30,658$28,600$26,675$24,877$23,198$18,940
8 years$26,555$24,515$22,623$20,869$19,245$15,199
9 years$23,365$21,345$19,485$17,776$16,207$12,370
10 years$20,815$18,814$16,987$15,323$13,809$10,176
11 years$18,730$16,749$14,955$13,335$11,877$8,442
12 years$16,993$15,033$13,273$11,697$10,292$7,051
13 years$15,525$13,586$11,858$10,327$8,975$5,921
14 years$14,268$12,349$10,655$9,167$7,867$4,994
15 years$13,179$11,281$9,620$8,175$6,927$4,228
16 years$12,228$10,350$8,722$7,320$6,122$3,590
17 years$11,389$9,532$7,936$6,577$5,428$3,056
18 years$10,644$8,808$7,245$5,927$4,827$2,607
19 years$9,979$8,163$6,632$5,356$4,302$2,228
20 years$9,380$7,586$6,087$4,851$3,843$1,907
21 years$8,840$7,066$5,599$4,402$3,439$1,634
22 years$8,349$6,596$5,160$4,003$3,082$1,402
23 years$7,901$6,169$4,764$3,645$2,767$1,204
24 years$7,492$5,780$4,406$3,325$2,487$1,035
25 years$7,116$5,424$4,081$3,036$2,238$890
26 years$6,769$5,098$3,785$2,776$2,016$766
27 years$6,449$4,798$3,515$2,541$1,817$659
28 years$6,151$4,521$3,267$2,328$1,640$568
29 years$5,875$4,265$3,041$2,135$1,481$489
30 years$5,618$4,028$2,832$1,959$1,338$422
31 years$5,378$3,807$2,640$1,800$1,210$363
32 years$5,153$3,603$2,464$1,654$1,094$313
33 years$4,943$3,412$2,300$1,521$990$270
34 years$4,745$3,234$2,149$1,399$897$233
35 years$4,559$3,067$2,009$1,288$812$201
36 years$4,384$2,911$1,880$1,186$736$174
37 years$4,218$2,765$1,759$1,093$667$150
38 years$4,062$2,628$1,648$1,008$605$129
39 years$3,914$2,499$1,544$929$548$112
40 years$3,773$2,377$1,447$857$497$96
41 years$3,640$2,263$1,357$791$451$83
42 years$3,514$2,155$1,273$730$409$72
43 years$3,394$2,053$1,194$673$372$62
44 years$3,279$1,957$1,121$622$337$53
45 years$3,170$1,866$1,052$574$306$46
46 years$3,066$1,780$989$530$278$40
47 years$2,967$1,699$929$490$252$34
48 years$2,872$1,622$873$453$229$30
49 years$2,782$1,549$820$419$208$26
50 years$2,695$1,480$771$387$189$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,760,000, adding $4,091 every year, while hoping to spend $26,007 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: 41/41/18 Blend
52$2,760,000$2,760,000$2,760,000$2,760,000
53$3,045,740$2,899,460$2,856,680$3,154,296
54$3,328,734$3,013,862$2,924,707$3,346,184
55$3,639,722$3,132,999$2,994,142$3,550,910
56$3,981,532$3,257,073$3,065,004$3,771,953
57$4,357,279$3,386,301$3,137,312$4,010,817
58$4,770,395$3,520,903$3,211,086$4,269,152
59$5,224,662$3,661,115$3,286,345$4,548,770
60$5,724,247$3,807,179$3,363,107$4,851,662
61$6,273,740$3,959,350$3,441,390$5,180,016
62$6,878,198$4,117,894$3,521,213$5,536,233
63$7,543,193$4,283,091$3,602,593$5,922,956
64$8,274,866$4,455,229$3,685,547$6,343,085
65$9,079,981$4,634,614$3,770,091$6,799,812
66$9,965,991$4,821,562$3,856,242$7,296,644
67$10,941,110$5,016,406$3,944,013$7,837,437
68$12,014,387$5,219,494$4,033,421$8,426,432
69$13,195,792$5,431,187$4,124,478$9,068,292
70$14,496,312$5,651,864$4,217,198$9,768,147
71$15,928,054$5,881,924$4,311,592$10,531,641
72$17,504,357$6,121,779$4,407,672$11,364,979
73$19,239,919$6,371,865$4,505,447$12,274,993
74$21,150,938$6,632,633$4,604,926$13,269,196
75$23,255,259$6,904,557$4,706,117$14,355,857
76$25,572,550$7,188,135$4,809,026$15,544,077
77$28,124,479$7,483,883$4,913,658$16,843,870
78$30,934,927$7,792,344$5,020,016$18,266,259
79$34,030,206$8,114,085$5,128,103$19,823,377
80$37,439,310$8,449,698$5,237,917$21,528,580
81$41,194,190$8,799,804$5,349,459$23,396,570
82$45,330,055$9,165,052$5,462,723$25,443,533
83$49,885,701$9,546,120$5,577,704$27,687,289
84$54,903,879$9,943,717$5,694,394$30,147,459
85$60,431,702$10,358,586$5,812,784$32,845,645
86$66,521,084$10,791,505$5,932,860$35,805,636
87$73,229,230$11,243,284$6,054,607$39,053,625
88$80,619,182$11,714,776$6,178,006$42,618,458
89$88,760,407$12,206,868$6,303,038$46,531,899
90$97,729,456$12,720,492$6,429,677$50,828,934
91$107,610,686$13,256,621$6,557,896$55,548,088
92$118,497,055$13,816,275$6,687,665$60,731,797
93$130,491,001$14,400,519$6,818,949$66,426,794
94$143,705,409$15,010,470$6,951,709$72,684,557
95$158,264,672$15,647,294$7,085,902$79,561,784
96$174,305,871$16,312,214$7,221,483$87,120,927
97$191,980,066$17,006,509$7,358,399$95,430,780
98$211,453,721$17,731,516$7,496,593$104,567,118
99$232,910,277$18,488,637$7,636,006$114,613,416
100$256,551,882$19,279,338$7,776,569$125,661,627