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%12.9%
1 years$229,570$227,525$225,530$223,583$221,681$219,002
2 years$113,648$111,532$109,481$107,492$105,562$102,866
3 years$75,013$72,887$70,841$68,871$66,973$64,343
4 years$55,699$53,580$51,554$49,618$47,766$45,223
5 years$44,114$42,007$40,008$38,111$36,311$33,862
6 years$36,393$34,302$32,333$30,478$28,732$26,380
7 years$30,880$28,807$26,869$25,057$23,366$21,113
8 years$26,747$24,693$22,787$21,020$19,385$17,230
9 years$23,534$21,500$19,626$17,904$16,325$14,267
10 years$20,966$18,951$17,110$15,434$13,909$11,947
11 years$18,866$16,871$15,064$13,432$11,963$10,094
12 years$17,117$15,142$13,369$11,782$10,367$8,590
13 years$15,638$13,684$11,944$10,401$9,040$7,353
14 years$14,372$12,439$10,732$9,233$7,924$6,325
15 years$13,275$11,363$9,689$8,234$6,977$5,463
16 years$12,316$10,425$8,785$7,373$6,166$4,734
17 years$11,472$9,601$7,994$6,625$5,468$4,114
18 years$10,721$8,872$7,297$5,970$4,862$3,584
19 years$10,051$8,222$6,680$5,395$4,333$3,130
20 years$9,448$7,641$6,131$4,886$3,870$2,737
21 years$8,904$7,117$5,639$4,434$3,464$2,398
22 years$8,409$6,643$5,197$4,032$3,105$2,104
23 years$7,959$6,213$4,799$3,672$2,787$1,848
24 years$7,546$5,822$4,438$3,349$2,505$1,624
25 years$7,167$5,463$4,111$3,058$2,254$1,429
26 years$6,818$5,135$3,812$2,796$2,030$1,259
27 years$6,495$4,832$3,540$2,560$1,831$1,109
28 years$6,196$4,553$3,291$2,345$1,652$978
29 years$5,918$4,296$3,063$2,151$1,491$863
30 years$5,659$4,057$2,853$1,974$1,348$762
31 years$5,417$3,835$2,659$1,813$1,218$673
32 years$5,191$3,629$2,481$1,666$1,102$594
33 years$4,979$3,436$2,317$1,532$997$525
34 years$4,779$3,257$2,165$1,409$903$464
35 years$4,592$3,089$2,024$1,298$818$410
36 years$4,415$2,932$1,893$1,195$741$363
37 years$4,249$2,785$1,772$1,101$672$321
38 years$4,091$2,647$1,659$1,015$609$284
39 years$3,942$2,517$1,555$936$552$251
40 years$3,801$2,394$1,457$863$501$222
41 years$3,667$2,279$1,366$796$454$197
42 years$3,539$2,171$1,282$735$412$174
43 years$3,418$2,068$1,203$678$374$154
44 years$3,303$1,971$1,129$626$340$136
45 years$3,193$1,880$1,060$578$308$121
46 years$3,088$1,793$996$534$280$107
47 years$2,989$1,711$935$494$254$95
48 years$2,893$1,634$879$456$231$84
49 years$2,802$1,560$826$422$210$74
50 years$2,714$1,490$777$390$190$66

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 $5,885 every year, while hoping to spend $38,997 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: 63/14/23 Blend
52$2,780,000$2,780,000$2,780,000$2,780,000
53$3,069,630$2,922,290$2,879,200$3,244,211
54$3,341,240$3,023,990$2,934,161$3,464,528
55$3,639,247$3,129,366$2,989,656$3,700,192
56$3,966,303$3,238,557$3,045,662$3,956,709
57$4,325,327$3,351,708$3,102,153$4,236,120
58$4,719,538$3,468,969$3,159,102$4,540,676
59$5,152,478$3,590,496$3,216,480$4,872,852
60$5,628,052$3,716,452$3,274,253$5,235,376
61$6,150,560$3,847,005$3,332,388$5,631,248
62$6,724,741$3,982,331$3,390,846$6,063,776
63$7,355,812$4,122,613$3,449,587$6,536,601
64$8,049,525$4,268,042$3,508,568$7,053,732
65$8,812,215$4,418,813$3,567,743$7,619,586
66$9,650,860$4,575,135$3,627,062$8,239,026
67$10,573,151$4,737,219$3,686,472$8,917,411
68$11,587,559$4,905,290$3,745,916$9,660,642
69$12,703,420$5,079,579$3,805,333$10,475,218
70$13,931,017$5,260,327$3,864,660$11,368,300
71$15,281,682$5,447,784$3,923,828$12,347,777
72$16,767,900$5,642,212$3,982,763$13,422,336
73$18,403,429$5,843,884$4,041,388$14,601,551
74$20,203,425$6,053,081$4,099,621$15,895,968
75$22,184,591$6,270,098$4,157,375$17,317,203
76$24,365,329$6,495,242$4,214,557$18,878,057
77$26,765,916$6,728,833$4,271,068$20,592,630
78$29,408,696$6,971,202$4,326,805$22,476,460
79$32,318,288$7,222,696$4,381,658$24,546,664
80$35,521,821$7,483,675$4,435,511$26,822,100
81$39,049,186$7,754,515$4,488,240$29,323,549
82$42,933,323$8,035,606$4,539,716$32,073,905
83$47,210,527$8,327,356$4,589,802$35,098,395
84$51,920,794$8,630,189$4,638,353$38,424,812
85$57,108,193$8,944,547$4,685,216$42,083,784
86$62,821,289$9,270,890$4,730,231$46,109,054
87$69,113,594$9,609,697$4,773,228$50,537,806
88$76,044,078$9,961,469$4,814,028$55,411,009
89$83,677,719$10,326,726$4,852,443$60,773,810
90$92,086,121$10,706,011$4,888,274$66,675,951
91$101,348,188$11,099,889$4,921,315$73,172,248
92$111,550,869$11,508,949$4,951,345$80,323,098
93$122,789,976$11,933,806$4,978,133$88,195,058
94$135,171,091$12,375,100$5,001,438$96,861,464
95$148,810,561$12,833,498$5,021,004$106,403,130
96$163,836,595$13,309,696$5,036,565$116,909,105
97$180,390,476$13,804,420$5,047,838$128,477,517
98$198,627,894$14,318,425$5,054,530$141,216,494
99$218,720,412$14,852,501$5,056,329$155,245,191
100$240,857,089$15,407,469$5,052,912$170,694,907