Can I retire at age 53 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$229,570$227,525$225,530$223,583$221,681$218,639
2 years$113,648$111,532$109,481$107,492$105,562$102,503
3 years$75,013$72,887$70,841$68,871$66,973$63,992
4 years$55,699$53,580$51,554$49,618$47,766$44,885
5 years$44,114$42,007$40,008$38,111$36,311$33,539
6 years$36,393$34,302$32,333$30,478$28,732$26,072
7 years$30,880$28,807$26,869$25,057$23,366$20,820
8 years$26,747$24,693$22,787$21,020$19,385$16,951
9 years$23,534$21,500$19,626$17,904$16,325$14,003
10 years$20,966$18,951$17,110$15,434$13,909$11,698
11 years$18,866$16,871$15,064$13,432$11,963$9,859
12 years$17,117$15,142$13,369$11,782$10,367$8,369
13 years$15,638$13,684$11,944$10,401$9,040$7,145
14 years$14,372$12,439$10,732$9,233$7,924$6,130
15 years$13,275$11,363$9,689$8,234$6,977$5,279
16 years$12,316$10,425$8,785$7,373$6,166$4,562
17 years$11,472$9,601$7,994$6,625$5,468$3,954
18 years$10,721$8,872$7,297$5,970$4,862$3,435
19 years$10,051$8,222$6,680$5,395$4,333$2,990
20 years$9,448$7,641$6,131$4,886$3,870$2,608
21 years$8,904$7,117$5,639$4,434$3,464$2,278
22 years$8,409$6,643$5,197$4,032$3,105$1,992
23 years$7,959$6,213$4,799$3,672$2,787$1,744
24 years$7,546$5,822$4,438$3,349$2,505$1,529
25 years$7,167$5,463$4,111$3,058$2,254$1,341
26 years$6,818$5,135$3,812$2,796$2,030$1,177
27 years$6,495$4,832$3,540$2,560$1,831$1,034
28 years$6,196$4,553$3,291$2,345$1,652$909
29 years$5,918$4,296$3,063$2,151$1,491$799
30 years$5,659$4,057$2,853$1,974$1,348$703
31 years$5,417$3,835$2,659$1,813$1,218$619
32 years$5,191$3,629$2,481$1,666$1,102$545
33 years$4,979$3,436$2,317$1,532$997$480
34 years$4,779$3,257$2,165$1,409$903$423
35 years$4,592$3,089$2,024$1,298$818$372
36 years$4,415$2,932$1,893$1,195$741$328
37 years$4,249$2,785$1,772$1,101$672$289
38 years$4,091$2,647$1,659$1,015$609$255
39 years$3,942$2,517$1,555$936$552$225
40 years$3,801$2,394$1,457$863$501$198
41 years$3,667$2,279$1,366$796$454$175
42 years$3,539$2,171$1,282$735$412$154
43 years$3,418$2,068$1,203$678$374$136
44 years$3,303$1,971$1,129$626$340$120
45 years$3,193$1,880$1,060$578$308$106
46 years$3,088$1,793$996$534$280$93
47 years$2,989$1,711$935$494$254$82
48 years$2,893$1,634$879$456$231$73
49 years$2,802$1,560$826$422$210$64
50 years$2,714$1,490$777$390$190$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,780,000, adding $6,388 every year, while hoping to spend $40,328 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: 63/22/15 Blend
52$2,780,000$2,780,000$2,780,000$2,780,000
53$3,070,149$2,922,809$2,879,719$3,251,909
54$3,340,396$3,023,118$2,933,281$3,474,946
55$3,636,856$3,126,991$2,987,286$3,713,218
56$3,962,161$3,234,559$3,041,705$3,972,437
57$4,319,208$3,345,959$3,096,510$4,254,641
58$4,711,192$3,461,335$3,151,667$4,562,075
59$5,141,627$3,580,835$3,207,142$4,897,210
60$5,614,388$3,704,611$3,262,896$5,262,764
61$6,133,743$3,832,824$3,318,891$5,661,731
62$6,704,393$3,965,641$3,375,082$6,097,408
63$7,331,517$4,103,233$3,431,423$6,573,421
64$8,020,821$4,245,781$3,487,864$7,093,767
65$8,778,591$4,393,470$3,544,354$7,662,845
66$9,611,752$4,546,494$3,600,834$8,285,499
67$10,527,934$4,705,056$3,657,246$8,967,062
68$11,535,544$4,869,365$3,713,525$9,713,412
69$12,643,844$5,039,638$3,769,602$10,531,016
70$13,863,038$5,216,103$3,825,406$11,427,002
71$15,204,370$5,398,994$3,880,859$12,409,217
72$16,680,228$5,588,557$3,935,880$13,486,306
73$18,304,261$5,785,046$3,990,382$14,667,791
74$20,091,509$5,988,727$4,044,273$15,964,161
75$22,058,544$6,199,874$4,097,456$17,386,969
76$24,223,623$6,418,776$4,149,829$18,948,942
77$26,606,866$6,645,729$4,201,282$20,664,099
78$29,230,441$6,881,045$4,251,700$22,547,886
79$32,118,776$7,125,047$4,300,962$24,617,316
80$35,298,787$7,378,069$4,348,939$26,891,135
81$38,800,131$7,640,462$4,395,497$29,389,994
82$42,655,490$7,912,590$4,440,491$32,136,642
83$46,900,874$8,194,831$4,483,771$35,156,145
84$51,575,964$8,487,580$4,525,180$38,476,120
85$56,724,487$8,791,246$4,564,548$42,126,991
86$62,394,625$9,106,256$4,601,699$46,142,281
87$68,639,469$9,433,056$4,636,449$50,558,924
88$75,517,527$9,772,107$4,668,602$55,417,617
89$83,093,266$10,123,892$4,697,952$60,763,195
90$91,437,729$10,488,913$4,724,283$66,645,064
91$100,629,200$10,867,692$4,747,369$73,117,658
92$110,753,942$11,260,772$4,766,969$80,240,956
93$121,907,015$11,668,721$4,782,834$88,081,046
94$134,193,171$12,092,129$4,794,700$96,710,750
95$147,727,842$12,531,611$4,802,290$106,210,305
96$162,638,229$12,987,807$4,805,313$116,668,125
97$179,064,503$13,461,384$4,803,466$128,181,634
98$197,161,128$13,953,038$4,796,428$140,858,180
99$217,098,318$14,463,492$4,783,863$154,816,052
100$239,063,645$14,993,501$4,765,420$170,185,593