Can I retire at age 53 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$232,873$230,799$228,775$226,800$224,871$217,498
2 years$115,284$113,137$111,056$109,038$107,081$99,724
3 years$76,092$73,936$71,860$69,862$67,937$60,826
4 years$56,501$54,351$52,296$50,332$48,453$41,643
5 years$44,748$42,612$40,584$38,659$36,833$30,342
6 years$36,916$34,796$32,798$30,916$29,145$22,977
7 years$31,324$29,221$27,255$25,418$23,703$17,858
8 years$27,132$25,048$23,114$21,323$19,664$14,138
9 years$23,873$21,809$19,909$18,162$16,560$11,347
10 years$21,267$19,223$17,357$15,656$14,110$9,201
11 years$19,137$17,113$15,281$13,625$12,135$7,522
12 years$17,363$15,360$13,561$11,951$10,516$6,188
13 years$15,863$13,881$12,116$10,551$9,170$5,116
14 years$14,578$12,618$10,886$9,366$8,038$4,248
15 years$13,466$11,526$9,829$8,353$7,078$3,538
16 years$12,494$10,575$8,911$7,479$6,255$2,955
17 years$11,637$9,739$8,109$6,720$5,546$2,474
18 years$10,876$9,000$7,402$6,056$4,931$2,075
19 years$10,196$8,341$6,777$5,472$4,396$1,743
20 years$9,584$7,751$6,219$4,956$3,926$1,466
21 years$9,032$7,219$5,720$4,498$3,513$1,234
22 years$8,530$6,739$5,272$4,090$3,149$1,040
23 years$8,073$6,303$4,868$3,725$2,827$877
24 years$7,655$5,905$4,502$3,397$2,541$740
25 years$7,270$5,542$4,170$3,102$2,287$625
26 years$6,916$5,209$3,867$2,837$2,060$528
27 years$6,589$4,902$3,591$2,596$1,857$446
28 years$6,285$4,619$3,338$2,379$1,676$377
29 years$6,003$4,357$3,107$2,181$1,513$319
30 years$5,740$4,115$2,894$2,002$1,367$270
31 years$5,495$3,890$2,698$1,839$1,236$228
32 years$5,265$3,681$2,517$1,690$1,118$193
33 years$5,050$3,486$2,350$1,554$1,012$163
34 years$4,848$3,304$2,196$1,430$916$138
35 years$4,658$3,134$2,053$1,316$830$117
36 years$4,479$2,974$1,921$1,212$752$99
37 years$4,310$2,825$1,798$1,117$681$84
38 years$4,150$2,685$1,683$1,029$618$71
39 years$3,999$2,553$1,577$949$560$60
40 years$3,855$2,429$1,478$875$508$51
41 years$3,719$2,312$1,386$808$461$43
42 years$3,590$2,202$1,300$745$418$36
43 years$3,467$2,098$1,220$688$380$31
44 years$3,351$2,000$1,145$635$345$26
45 years$3,239$1,907$1,075$587$313$22
46 years$3,133$1,819$1,010$542$284$19
47 years$3,032$1,736$949$501$258$16
48 years$2,935$1,657$892$463$234$13
49 years$2,842$1,583$838$428$213$11
50 years$2,753$1,512$788$395$193$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,820,000, adding $4,226 every year, while hoping to spend $46,800 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: 74/9/17 Blend
52$2,820,000$2,820,000$2,820,000$2,820,000
53$3,111,999$2,962,539$2,918,829$3,329,917
54$3,379,628$3,057,909$2,966,815$3,570,233
55$3,672,987$3,156,383$3,014,840$3,827,330
56$3,994,650$3,258,064$3,062,856$4,107,814
57$4,347,454$3,363,059$3,110,811$4,414,000
58$4,734,523$3,471,477$3,158,652$4,748,435
59$5,159,297$3,583,432$3,206,319$5,113,926
60$5,625,566$3,699,041$3,253,752$5,513,564
61$6,137,505$3,818,426$3,300,884$5,950,754
62$6,699,714$3,941,712$3,347,646$6,429,246
63$7,317,257$4,069,028$3,393,965$6,953,170
64$7,995,716$4,200,509$3,439,762$7,527,077
65$8,741,239$4,336,294$3,484,954$8,155,979
66$9,560,599$4,476,527$3,529,454$8,845,397
67$10,461,259$4,621,354$3,573,168$9,601,415
68$11,451,438$4,770,931$3,616,000$10,430,734
69$12,540,193$4,925,416$3,657,845$11,340,737
70$13,737,505$5,084,973$3,698,595$12,339,557
71$15,054,365$5,249,772$3,738,133$13,436,156
72$16,502,888$5,419,989$3,776,338$14,640,408
73$18,096,419$5,595,805$3,813,082$15,963,190
74$19,849,663$5,777,408$3,848,229$17,416,487
75$21,778,821$5,964,993$3,881,637$19,013,506
76$23,901,745$6,158,762$3,913,156$20,768,797
77$26,238,103$6,358,922$3,942,627$22,698,391
78$28,809,569$6,565,688$3,969,884$24,819,954
79$31,640,023$6,779,285$3,994,753$27,152,950
80$34,755,777$6,999,942$4,017,049$29,718,827
81$38,185,825$7,227,898$4,036,579$32,541,215
82$41,962,115$7,463,400$4,053,140$35,646,157
83$46,119,847$7,706,703$4,066,517$39,062,345
84$50,697,813$7,958,073$4,076,486$42,821,398
85$55,738,754$8,217,783$4,082,813$46,958,156
86$61,289,769$8,486,116$4,085,249$51,511,010
87$67,402,755$8,763,365$4,083,535$56,522,264
88$74,134,901$9,049,836$4,077,398$62,038,536
89$81,549,224$9,345,840$4,066,554$68,111,194
90$89,715,163$9,651,705$4,050,702$74,796,843
91$98,709,238$9,967,766$4,029,528$82,157,860
92$108,615,766$10,294,373$4,002,704$90,262,981
93$119,527,664$10,631,886$3,969,884$99,187,949
94$131,547,317$10,980,680$3,930,706$109,016,233
95$144,787,552$11,341,142$3,884,793$119,839,808
96$159,372,696$11,713,672$3,831,748$131,760,031
97$175,439,755$12,098,686$3,771,155$144,888,593
98$193,139,701$12,496,613$3,702,580$159,348,575
99$212,638,903$12,907,899$3,625,569$175,275,608
100$234,120,690$13,333,005$3,539,644$192,819,156