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%14.7%
1 years$227,918$225,888$223,907$221,974$220,086$215,819
2 years$112,831$110,729$108,693$106,718$104,803$100,521
3 years$74,473$72,363$70,331$68,375$66,491$62,328
4 years$55,298$53,194$51,183$49,261$47,422$43,410
5 years$43,796$41,705$39,720$37,837$36,050$32,200
6 years$36,131$34,055$32,100$30,258$28,525$24,842
7 years$30,658$28,600$26,675$24,877$23,198$19,683
8 years$26,555$24,515$22,623$20,869$19,245$15,896
9 years$23,365$21,345$19,485$17,776$16,207$13,023
10 years$20,815$18,814$16,987$15,323$13,809$10,786
11 years$18,730$16,749$14,955$13,335$11,877$9,011
12 years$16,993$15,033$13,273$11,697$10,292$7,580
13 years$15,525$13,586$11,858$10,327$8,975$6,413
14 years$14,268$12,349$10,655$9,167$7,867$5,450
15 years$13,179$11,281$9,620$8,175$6,927$4,649
16 years$12,228$10,350$8,722$7,320$6,122$3,978
17 years$11,389$9,532$7,936$6,577$5,428$3,414
18 years$10,644$8,808$7,245$5,927$4,827$2,936
19 years$9,979$8,163$6,632$5,356$4,302$2,529
20 years$9,380$7,586$6,087$4,851$3,843$2,183
21 years$8,840$7,066$5,599$4,402$3,439$1,887
22 years$8,349$6,596$5,160$4,003$3,082$1,632
23 years$7,901$6,169$4,764$3,645$2,767$1,414
24 years$7,492$5,780$4,406$3,325$2,487$1,226
25 years$7,116$5,424$4,081$3,036$2,238$1,063
26 years$6,769$5,098$3,785$2,776$2,016$923
27 years$6,449$4,798$3,515$2,541$1,817$802
28 years$6,151$4,521$3,267$2,328$1,640$697
29 years$5,875$4,265$3,041$2,135$1,481$606
30 years$5,618$4,028$2,832$1,959$1,338$527
31 years$5,378$3,807$2,640$1,800$1,210$458
32 years$5,153$3,603$2,464$1,654$1,094$399
33 years$4,943$3,412$2,300$1,521$990$347
34 years$4,745$3,234$2,149$1,399$897$302
35 years$4,559$3,067$2,009$1,288$812$263
36 years$4,384$2,911$1,880$1,186$736$229
37 years$4,218$2,765$1,759$1,093$667$200
38 years$4,062$2,628$1,648$1,008$605$174
39 years$3,914$2,499$1,544$929$548$152
40 years$3,773$2,377$1,447$857$497$132
41 years$3,640$2,263$1,357$791$451$115
42 years$3,514$2,155$1,273$730$409$100
43 years$3,394$2,053$1,194$673$372$87
44 years$3,279$1,957$1,121$622$337$76
45 years$3,170$1,866$1,052$574$306$66
46 years$3,066$1,780$989$530$278$58
47 years$2,967$1,699$929$490$252$50
48 years$2,872$1,622$873$453$229$44
49 years$2,782$1,549$820$419$208$38
50 years$2,695$1,480$771$387$189$33

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 $6,534 every year, while hoping to spend $32,414 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: 43/35/22 Blend
52$2,760,000$2,760,000$2,760,000$2,760,000
53$3,048,260$2,901,980$2,859,200$3,159,546
54$3,324,694$3,009,689$2,920,495$3,346,838
55$3,628,238$3,121,589$2,982,757$3,545,990
56$3,961,623$3,237,851$3,045,984$3,761,107
57$4,327,858$3,358,655$3,110,173$3,993,677
58$4,730,256$3,484,186$3,175,321$4,245,340
59$5,172,469$3,614,637$3,241,420$4,517,896
60$5,658,519$3,750,213$3,308,466$4,813,323
61$6,192,837$3,891,123$3,376,449$5,133,797
62$6,780,306$4,037,587$3,445,360$5,481,710
63$7,426,305$4,189,837$3,515,187$5,859,693
64$8,136,759$4,348,110$3,585,917$6,270,639
65$8,918,198$4,512,657$3,657,535$6,717,730
66$9,777,816$4,683,739$3,730,024$7,204,468
67$10,723,539$4,861,628$3,803,366$7,734,704
68$11,764,100$5,046,607$3,877,538$8,312,675
69$12,909,121$5,238,974$3,952,518$8,943,044
70$14,169,204$5,439,036$4,028,280$9,630,945
71$15,556,031$5,647,117$4,104,796$10,382,023
72$17,082,474$5,863,554$4,182,035$11,202,495
73$18,762,715$6,088,697$4,259,962$12,099,204
74$20,612,383$6,322,914$4,338,542$13,079,681
75$22,648,697$6,566,588$4,417,733$14,152,217
76$24,890,631$6,820,117$4,497,495$15,325,942
77$27,359,093$7,083,921$4,577,778$16,610,904
78$30,077,121$7,358,434$4,658,535$18,018,169
79$33,070,101$7,644,111$4,739,709$19,559,922
80$36,366,006$7,941,427$4,821,244$21,249,579
81$39,995,661$8,250,879$4,903,078$23,101,915
82$43,993,030$8,572,983$4,985,143$25,133,200
83$48,395,542$8,908,282$5,067,368$27,361,352
84$53,244,439$9,257,341$5,149,677$29,806,104
85$58,585,170$9,620,748$5,231,989$32,489,192
86$64,467,814$9,999,121$5,314,217$35,434,551
87$70,947,556$10,393,104$5,396,269$38,668,549
88$78,085,209$10,803,368$5,478,046$42,220,227
89$85,947,785$11,230,617$5,559,444$46,121,572
90$94,609,126$11,675,584$5,640,353$50,407,821
91$104,150,606$12,139,037$5,720,654$55,117,788
92$114,661,894$12,621,777$5,800,223$60,294,231
93$126,241,804$13,124,640$5,878,927$65,984,250
94$138,999,223$13,648,503$5,956,626$72,239,732
95$153,054,143$14,194,278$6,033,171$79,117,838
96$168,538,789$14,762,922$6,108,407$86,681,542
97$185,598,873$15,355,433$6,182,166$95,000,217
98$204,394,964$15,972,854$6,254,274$104,150,296
99$225,104,003$16,616,277$6,324,545$114,215,982
100$247,920,977$17,286,841$6,392,783$125,290,047