Can I retire at age 53 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$228,744$226,706$224,719$222,778$220,884$219,768
2 years$113,240$111,131$109,087$107,105$105,183$104,057
3 years$74,743$72,625$70,586$68,623$66,732$65,631
4 years$55,499$53,387$51,369$49,439$47,594$46,526
5 years$43,955$41,856$39,864$37,974$36,180$35,148
6 years$36,262$34,179$32,216$30,368$28,628$27,634
7 years$30,769$28,703$26,772$24,967$23,282$22,326
8 years$26,651$24,604$22,705$20,944$19,315$18,397
9 years$23,450$21,422$19,556$17,840$16,266$15,386
10 years$20,890$18,883$17,049$15,378$13,859$13,016
11 years$18,798$16,810$15,010$13,384$11,920$11,113
12 years$17,055$15,088$13,321$11,739$10,329$9,559
13 years$15,582$13,635$11,901$10,364$9,007$8,273
14 years$14,320$12,394$10,693$9,200$7,896$7,196
15 years$13,227$11,322$9,655$8,205$6,952$6,286
16 years$12,272$10,388$8,753$7,347$6,144$5,511
17 years$11,430$9,567$7,965$6,601$5,448$4,847
18 years$10,683$8,840$7,271$5,949$4,844$4,274
19 years$10,015$8,193$6,656$5,375$4,318$3,777
20 years$9,414$7,613$6,109$4,868$3,857$3,345
21 years$8,872$7,091$5,619$4,418$3,451$2,968
22 years$8,379$6,620$5,179$4,017$3,093$2,637
23 years$7,930$6,191$4,782$3,659$2,777$2,346
24 years$7,519$5,801$4,422$3,337$2,496$2,090
25 years$7,141$5,444$4,096$3,047$2,246$1,863
26 years$6,794$5,116$3,799$2,786$2,023$1,663
27 years$6,472$4,815$3,527$2,550$1,824$1,485
28 years$6,174$4,537$3,279$2,337$1,646$1,328
29 years$5,897$4,280$3,052$2,143$1,486$1,187
30 years$5,639$4,042$2,842$1,967$1,343$1,063
31 years$5,398$3,821$2,650$1,806$1,214$951
32 years$5,172$3,616$2,472$1,660$1,098$852
33 years$4,961$3,424$2,309$1,526$994$764
34 years$4,762$3,245$2,157$1,404$900$685
35 years$4,575$3,078$2,017$1,293$815$614
36 years$4,399$2,922$1,886$1,191$738$551
37 years$4,233$2,775$1,766$1,097$669$494
38 years$4,076$2,637$1,654$1,011$607$444
39 years$3,928$2,508$1,549$932$550$398
40 years$3,787$2,386$1,452$860$499$357
41 years$3,653$2,271$1,362$793$453$321
42 years$3,527$2,163$1,277$732$411$288
43 years$3,406$2,061$1,198$676$373$259
44 years$3,291$1,964$1,125$624$338$233
45 years$3,182$1,873$1,056$576$307$209
46 years$3,077$1,787$992$532$279$188
47 years$2,978$1,705$932$492$253$169
48 years$2,883$1,628$876$455$230$152
49 years$2,792$1,555$823$420$209$136
50 years$2,704$1,485$774$388$190$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,770,000, adding $2,751 every year, while hoping to spend $50,469 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: 70/11/19 Blend
52$2,770,000$2,770,000$2,770,000$2,770,000
53$3,055,378$2,908,568$2,865,633$3,255,012
54$3,313,328$2,997,389$2,907,933$3,477,251
55$3,595,897$3,088,871$2,949,958$3,714,174
56$3,905,543$3,183,091$2,991,647$3,972,239
57$4,244,974$3,280,127$3,032,933$4,253,529
58$4,617,170$3,380,062$3,073,745$4,560,342
59$5,025,416$3,482,979$3,114,009$4,895,203
60$5,473,327$3,588,964$3,153,647$5,260,899
61$5,964,887$3,698,105$3,192,576$5,660,497
62$6,504,486$3,810,491$3,230,706$6,097,373
63$7,096,955$3,926,217$3,267,947$6,575,251
64$7,747,620$4,045,378$3,304,199$7,098,228
65$8,462,346$4,168,070$3,339,359$7,670,821
66$9,247,596$4,294,395$3,373,317$8,298,005
67$10,110,486$4,424,457$3,405,959$8,985,261
68$11,058,860$4,558,359$3,437,163$9,738,625
69$12,101,356$4,696,212$3,466,801$10,564,751
70$13,247,494$4,838,126$3,494,738$11,470,967
71$14,507,760$4,984,215$3,520,833$12,465,348
72$15,893,707$5,134,597$3,544,936$13,556,792
73$17,418,064$5,289,391$3,566,891$14,755,100
74$19,094,857$5,448,722$3,586,532$16,071,073
75$20,939,537$5,612,714$3,603,685$17,516,612
76$22,969,130$5,781,497$3,618,169$19,104,830
77$25,202,396$5,955,205$3,629,792$20,850,176
78$27,660,002$6,133,972$3,638,352$22,768,569
79$30,364,723$6,317,937$3,643,638$24,877,553
80$33,341,653$6,507,245$3,645,428$27,196,458
81$36,618,442$6,702,039$3,643,489$29,746,584
82$40,225,555$6,902,471$3,637,578$32,551,403
83$44,196,562$7,108,693$3,627,438$35,636,779
84$48,568,455$7,320,862$3,612,800$39,031,210
85$53,381,991$7,539,138$3,593,383$42,766,102
86$58,682,084$7,763,686$3,568,891$46,876,063
87$64,518,223$7,994,673$3,539,016$51,399,228
88$70,944,941$8,232,272$3,503,432$56,377,619
89$78,022,329$8,476,657$3,461,801$61,857,544
90$85,816,602$8,728,009$3,413,767$67,890,034
91$94,400,725$8,986,511$3,358,958$74,531,322
92$103,855,100$9,252,350$3,296,983$81,843,375
93$114,268,324$9,525,719$3,227,436$89,894,481
94$125,738,027$9,806,814$3,149,889$98,759,889
95$138,371,791$10,095,833$3,063,896$108,522,525
96$152,288,167$10,392,982$2,968,989$119,273,770
97$167,617,790$10,698,468$2,864,680$131,114,326
98$184,504,615$11,012,504$2,750,459$144,155,165
99$203,107,276$11,335,307$2,625,789$158,518,576
100$223,600,579$11,667,098$2,490,114$174,339,321