Can I retire at age 53 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$230,396$228,343$226,341$224,387$222,479$216,748
2 years$114,057$111,933$109,874$107,878$105,942$100,207
3 years$75,283$73,149$71,096$69,119$67,214$61,654
4 years$55,899$53,773$51,740$49,796$47,938$42,595
5 years$44,272$42,158$40,152$38,248$36,441$31,331
6 years$36,524$34,425$32,449$30,587$28,835$23,962
7 years$30,991$28,910$26,965$25,148$23,450$18,815
8 years$26,843$24,782$22,869$21,096$19,454$15,054
9 years$23,619$21,577$19,697$17,969$16,383$12,215
10 years$21,041$19,019$17,172$15,489$13,960$10,017
11 years$18,933$16,931$15,118$13,480$12,006$8,284
12 years$17,178$15,197$13,417$11,824$10,404$6,896
13 years$15,694$13,733$11,987$10,439$9,072$5,772
14 years$14,423$12,483$10,770$9,266$7,953$4,852
15 years$13,323$11,404$9,724$8,264$7,002$4,093
16 years$12,361$10,463$8,816$7,400$6,189$3,463
17 years$11,513$9,636$8,023$6,648$5,487$2,937
18 years$10,760$8,904$7,324$5,992$4,879$2,497
19 years$10,087$8,252$6,704$5,414$4,349$2,126
20 years$9,482$7,668$6,153$4,903$3,884$1,812
21 years$8,936$7,143$5,660$4,450$3,476$1,547
22 years$8,440$6,667$5,216$4,046$3,116$1,322
23 years$7,987$6,236$4,816$3,685$2,797$1,131
24 years$7,573$5,843$4,454$3,361$2,514$968
25 years$7,193$5,483$4,125$3,069$2,262$829
26 years$6,843$5,153$3,826$2,806$2,038$711
27 years$6,519$4,850$3,553$2,569$1,837$609
28 years$6,218$4,570$3,303$2,354$1,658$523
29 years$5,939$4,311$3,074$2,158$1,497$449
30 years$5,679$4,071$2,863$1,981$1,353$385
31 years$5,436$3,849$2,669$1,819$1,223$331
32 years$5,209$3,642$2,490$1,672$1,106$284
33 years$4,996$3,449$2,325$1,537$1,001$244
34 years$4,797$3,269$2,173$1,415$906$209
35 years$4,608$3,100$2,031$1,302$821$180
36 years$4,431$2,943$1,900$1,199$744$155
37 years$4,264$2,795$1,778$1,105$674$133
38 years$4,106$2,656$1,665$1,018$611$114
39 years$3,956$2,526$1,560$939$554$98
40 years$3,814$2,403$1,463$866$503$84
41 years$3,680$2,287$1,371$799$456$72
42 years$3,552$2,178$1,286$738$414$62
43 years$3,431$2,076$1,207$681$376$54
44 years$3,315$1,978$1,133$629$341$46
45 years$3,205$1,887$1,064$581$309$40
46 years$3,100$1,800$999$536$281$34
47 years$2,999$1,718$939$495$255$29
48 years$2,903$1,640$882$458$232$25
49 years$2,812$1,566$829$423$210$22
50 years$2,724$1,496$780$391$191$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,790,000, adding $4,115 every year, while hoping to spend $25,873 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: 75/5/20 Blend
52$2,790,000$2,790,000$2,790,000$2,790,000
53$3,078,825$2,930,955$2,887,710$3,294,903
54$3,365,336$3,047,043$2,956,919$3,554,821
55$3,680,205$3,167,952$3,027,580$3,836,081
56$4,026,295$3,293,891$3,099,714$4,143,717
57$4,406,764$3,425,079$3,173,341$4,480,353
58$4,825,090$3,561,743$3,248,484$4,848,881
59$5,285,102$3,704,122$3,325,161$5,252,483
60$5,791,024$3,852,465$3,403,395$5,694,665
61$6,347,505$4,007,033$3,483,206$6,179,290
62$6,959,669$4,168,097$3,564,612$6,710,611
63$7,633,164$4,335,941$3,647,635$7,293,313
64$8,374,208$4,510,864$3,732,292$7,932,557
65$9,189,656$4,693,175$3,818,603$8,634,029
66$10,087,060$4,883,200$3,906,585$9,403,991
67$11,074,741$5,081,278$3,996,257$10,249,342
68$12,161,868$5,287,764$4,087,635$11,177,681
69$13,358,544$5,503,029$4,180,735$12,197,383
70$14,675,899$5,727,461$4,275,574$13,317,670
71$16,126,200$5,961,466$4,372,165$14,548,705
72$17,722,963$6,205,469$4,470,523$15,901,683
73$19,481,080$6,459,912$4,570,661$17,388,941
74$21,416,962$6,725,259$4,672,589$19,024,068
75$23,548,692$7,001,996$4,776,321$20,822,036
76$25,896,194$7,290,630$4,881,863$22,799,344
77$28,481,427$7,591,692$4,989,226$24,974,168
78$31,328,583$7,905,735$5,098,416$27,366,536
79$34,464,324$8,233,342$5,209,439$29,998,513
80$37,918,028$8,575,118$5,322,298$32,894,415
81$41,722,067$8,931,699$5,436,995$36,081,030
82$45,912,115$9,303,750$5,553,531$39,587,878
83$50,527,481$9,691,964$5,671,905$43,447,485
84$55,611,483$10,097,069$5,792,113$47,695,690
85$61,211,855$10,519,825$5,914,149$52,371,984
86$67,381,196$10,961,029$6,038,005$57,519,881
87$74,177,471$11,421,512$6,163,671$63,187,330
88$81,664,552$11,902,146$6,291,133$69,427,165
89$89,912,827$12,403,842$6,420,377$76,297,606
90$98,999,858$12,927,553$6,551,382$83,862,805
91$109,011,118$13,474,277$6,684,128$92,193,453
92$120,040,795$14,045,060$6,818,589$101,367,445
93$132,192,681$14,640,992$6,954,737$111,470,618
94$145,581,152$15,263,219$7,092,538$122,597,558
95$160,332,250$15,912,936$7,231,958$134,852,493
96$176,584,866$16,591,397$7,372,956$148,350,275
97$194,492,060$17,299,913$7,515,487$163,217,466
98$214,222,497$18,039,855$7,659,502$179,593,532
99$235,962,043$18,812,660$7,804,948$197,632,155
100$259,915,523$19,619,832$7,951,765$217,502,689