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%14.6%
1 years$229,570$227,525$225,530$223,583$221,681$217,472
2 years$113,648$111,532$109,481$107,492$105,562$101,338
3 years$75,013$72,887$70,841$68,871$66,973$62,866
4 years$55,699$53,580$51,554$49,618$47,766$43,807
5 years$44,114$42,007$40,008$38,111$36,311$32,511
6 years$36,393$34,302$32,333$30,478$28,732$25,095
7 years$30,880$28,807$26,869$25,057$23,366$19,895
8 years$26,747$24,693$22,787$21,020$19,385$16,077
9 years$23,534$21,500$19,626$17,904$16,325$13,179
10 years$20,966$18,951$17,110$15,434$13,909$10,922
11 years$18,866$16,871$15,064$13,432$11,963$9,131
12 years$17,117$15,142$13,369$11,782$10,367$7,686
13 years$15,638$13,684$11,944$10,401$9,040$6,506
14 years$14,372$12,439$10,732$9,233$7,924$5,533
15 years$13,275$11,363$9,689$8,234$6,977$4,723
16 years$12,316$10,425$8,785$7,373$6,166$4,045
17 years$11,472$9,601$7,994$6,625$5,468$3,473
18 years$10,721$8,872$7,297$5,970$4,862$2,989
19 years$10,051$8,222$6,680$5,395$4,333$2,577
20 years$9,448$7,641$6,131$4,886$3,870$2,226
21 years$8,904$7,117$5,639$4,434$3,464$1,925
22 years$8,409$6,643$5,197$4,032$3,105$1,667
23 years$7,959$6,213$4,799$3,672$2,787$1,445
24 years$7,546$5,822$4,438$3,349$2,505$1,254
25 years$7,167$5,463$4,111$3,058$2,254$1,088
26 years$6,818$5,135$3,812$2,796$2,030$946
27 years$6,495$4,832$3,540$2,560$1,831$822
28 years$6,196$4,553$3,291$2,345$1,652$715
29 years$5,918$4,296$3,063$2,151$1,491$622
30 years$5,659$4,057$2,853$1,974$1,348$541
31 years$5,417$3,835$2,659$1,813$1,218$471
32 years$5,191$3,629$2,481$1,666$1,102$411
33 years$4,979$3,436$2,317$1,532$997$358
34 years$4,779$3,257$2,165$1,409$903$312
35 years$4,592$3,089$2,024$1,298$818$272
36 years$4,415$2,932$1,893$1,195$741$237
37 years$4,249$2,785$1,772$1,101$672$206
38 years$4,091$2,647$1,659$1,015$609$180
39 years$3,942$2,517$1,555$936$552$157
40 years$3,801$2,394$1,457$863$501$137
41 years$3,667$2,279$1,366$796$454$119
42 years$3,539$2,171$1,282$735$412$104
43 years$3,418$2,068$1,203$678$374$91
44 years$3,303$1,971$1,129$626$340$79
45 years$3,193$1,880$1,060$578$308$69
46 years$3,088$1,793$996$534$280$60
47 years$2,989$1,711$935$494$254$53
48 years$2,893$1,634$879$456$231$46
49 years$2,802$1,560$826$422$210$40
50 years$2,714$1,490$777$390$190$35

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 $4,409 every year, while hoping to spend $40,767 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: 65/28/7 Blend
52$2,780,000$2,780,000$2,780,000$2,780,000
53$3,068,108$2,920,768$2,877,678$3,263,385
54$3,337,679$3,020,510$2,930,704$3,493,558
55$3,633,380$3,123,773$2,984,141$3,739,678
56$3,957,834$3,230,686$3,037,958$4,007,496
57$4,313,927$3,341,384$3,092,124$4,299,118
58$4,704,843$3,456,007$3,146,606$4,616,863
59$5,134,085$3,574,700$3,201,365$4,963,281
60$5,605,515$3,697,613$3,256,364$5,341,178
61$6,123,385$3,824,903$3,311,559$5,753,645
62$6,692,379$3,956,733$3,366,906$6,204,080
63$7,317,660$4,093,271$3,422,356$6,696,229
64$8,004,914$4,234,694$3,477,857$7,234,211
65$8,760,404$4,381,183$3,533,354$7,822,564
66$9,591,032$4,532,928$3,588,788$8,466,282
67$10,504,402$4,690,126$3,644,097$9,170,866
68$11,508,891$4,852,982$3,699,214$9,942,371
69$12,613,728$5,021,708$3,754,069$10,787,467
70$13,829,084$5,196,527$3,808,585$11,713,497
71$15,166,161$5,377,668$3,862,683$12,728,548
72$16,637,305$5,565,369$3,916,279$13,841,529
73$18,256,118$5,759,880$3,969,282$15,062,247
74$20,037,587$5,961,459$4,021,598$16,401,509
75$21,998,225$6,170,375$4,073,126$17,871,214
76$24,156,228$6,386,907$4,123,759$19,484,470
77$26,531,643$6,611,346$4,173,385$21,255,715
78$29,146,563$6,843,994$4,221,886$23,200,854
79$32,025,328$7,085,165$4,269,135$25,337,405
80$35,194,761$7,335,187$4,315,000$27,684,669
81$38,684,415$7,594,400$4,359,341$30,263,904
82$42,526,858$7,863,158$4,402,011$33,098,532
83$46,757,973$8,141,828$4,442,854$36,214,354
84$51,417,304$8,430,795$4,481,707$39,639,796
85$56,548,421$8,730,457$4,518,397$43,406,172
86$62,199,340$9,041,229$4,552,743$47,547,983
87$68,422,966$9,363,542$4,584,553$52,103,241
88$75,277,599$9,697,847$4,613,626$57,113,824
89$82,827,483$10,044,610$4,639,752$62,625,870
90$91,143,409$10,404,319$4,662,707$68,690,216
91$100,303,387$10,777,481$4,682,258$75,362,871
92$110,393,379$11,164,624$4,698,159$82,705,548
93$121,508,109$11,566,296$4,710,153$90,786,242
94$133,751,962$11,983,070$4,717,969$99,679,872
95$147,239,964$12,415,542$4,721,323$109,468,985
96$162,098,869$12,864,333$4,719,915$120,244,537
97$178,468,355$13,330,087$4,713,435$132,106,747
98$196,502,345$13,813,478$4,701,552$145,166,043
99$216,370,453$14,315,208$4,683,923$159,544,102
100$238,259,592$14,836,006$4,660,187$175,374,998