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%14%
1 years$232,873$230,799$228,775$226,800$224,871$221,145
2 years$115,284$113,137$111,056$109,038$107,081$103,339
3 years$76,092$73,936$71,860$69,862$67,937$64,294
4 years$56,501$54,351$52,296$50,332$48,453$44,938
5 years$44,748$42,612$40,584$38,659$36,833$33,456
6 years$36,916$34,796$32,798$30,916$29,145$25,909
7 years$31,324$29,221$27,255$25,418$23,703$20,609
8 years$27,132$25,048$23,114$21,323$19,664$16,712
9 years$23,873$21,809$19,909$18,162$16,560$13,748
10 years$21,267$19,223$17,357$15,656$14,110$11,436
11 years$19,137$17,113$15,281$13,625$12,135$9,596
12 years$17,363$15,360$13,561$11,951$10,516$8,109
13 years$15,863$13,881$12,116$10,551$9,170$6,892
14 years$14,578$12,618$10,886$9,366$8,038$5,884
15 years$13,466$11,526$9,829$8,353$7,078$5,044
16 years$12,494$10,575$8,911$7,479$6,255$4,338
17 years$11,637$9,739$8,109$6,720$5,546$3,741
18 years$10,876$9,000$7,402$6,056$4,931$3,233
19 years$10,196$8,341$6,777$5,472$4,396$2,800
20 years$9,584$7,751$6,219$4,956$3,926$2,430
21 years$9,032$7,219$5,720$4,498$3,513$2,111
22 years$8,530$6,739$5,272$4,090$3,149$1,836
23 years$8,073$6,303$4,868$3,725$2,827$1,599
24 years$7,655$5,905$4,502$3,397$2,541$1,394
25 years$7,270$5,542$4,170$3,102$2,287$1,216
26 years$6,916$5,209$3,867$2,837$2,060$1,062
27 years$6,589$4,902$3,591$2,596$1,857$927
28 years$6,285$4,619$3,338$2,379$1,676$810
29 years$6,003$4,357$3,107$2,181$1,513$709
30 years$5,740$4,115$2,894$2,002$1,367$620
31 years$5,495$3,890$2,698$1,839$1,236$542
32 years$5,265$3,681$2,517$1,690$1,118$475
33 years$5,050$3,486$2,350$1,554$1,012$416
34 years$4,848$3,304$2,196$1,430$916$364
35 years$4,658$3,134$2,053$1,316$830$319
36 years$4,479$2,974$1,921$1,212$752$279
37 years$4,310$2,825$1,798$1,117$681$245
38 years$4,150$2,685$1,683$1,029$618$214
39 years$3,999$2,553$1,577$949$560$188
40 years$3,855$2,429$1,478$875$508$165
41 years$3,719$2,312$1,386$808$461$144
42 years$3,590$2,202$1,300$745$418$127
43 years$3,467$2,098$1,220$688$380$111
44 years$3,351$2,000$1,145$635$345$97
45 years$3,239$1,907$1,075$587$313$85
46 years$3,133$1,819$1,010$542$284$75
47 years$3,032$1,736$949$501$258$66
48 years$2,935$1,657$892$463$234$58
49 years$2,842$1,583$838$428$213$50
50 years$2,753$1,512$788$395$193$44

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 $6,209 every year, while hoping to spend $37,241 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: 76/11/13 Blend
52$2,820,000$2,820,000$2,820,000$2,820,000
53$3,114,045$2,964,585$2,920,875$3,342,033
54$3,392,053$3,070,225$2,979,100$3,598,900
55$3,697,170$3,179,794$3,038,027$3,875,111
56$4,032,122$3,293,444$3,097,641$4,176,876
57$4,399,910$3,411,335$3,157,925$4,506,725
58$4,803,843$3,533,633$3,218,857$4,867,445
59$5,247,565$3,660,510$3,280,418$5,262,105
60$5,735,088$3,792,147$3,342,584$5,694,085
61$6,270,836$3,928,730$3,405,329$6,167,106
62$6,859,678$4,070,456$3,468,625$6,685,266
63$7,506,983$4,217,526$3,532,442$7,253,081
64$8,218,664$4,370,152$3,596,747$7,875,523
65$9,001,233$4,528,556$3,661,504$8,558,068
66$9,861,869$4,692,965$3,726,674$9,306,748
67$10,808,479$4,863,620$3,792,217$10,128,209
68$11,849,775$5,040,769$3,858,088$11,029,769
69$12,995,357$5,224,671$3,924,238$12,019,493
70$14,255,800$5,415,597$3,990,617$13,106,262
71$15,642,759$5,613,828$4,057,170$14,299,862
72$17,169,072$5,819,657$4,123,837$15,611,073
73$18,848,889$6,033,392$4,190,557$17,051,770
74$20,697,796$6,255,349$4,257,261$18,635,037
75$22,732,971$6,485,861$4,323,879$20,375,289
76$24,973,340$6,725,274$4,390,335$22,288,406
77$27,439,758$6,973,949$4,456,548$24,391,886
78$30,155,202$7,232,262$4,522,432$26,705,006
79$33,144,995$7,500,604$4,587,895$29,249,006
80$36,437,036$7,779,386$4,652,841$32,047,287
81$40,062,070$8,069,032$4,717,168$35,125,634
82$44,053,974$8,369,987$4,780,765$38,512,457
83$48,450,077$8,682,714$4,843,519$42,239,058
84$53,291,515$9,007,697$4,905,307$46,339,928
85$58,623,615$9,345,440$4,966,000$50,853,071
86$64,496,324$9,696,467$5,025,461$55,820,361
87$70,964,682$10,061,327$5,083,548$61,287,940
88$78,089,340$10,440,592$5,140,106$67,306,648
89$85,937,130$10,834,858$5,194,977$73,932,508
90$94,581,698$11,244,747$5,247,990$81,227,250
91$104,104,201$11,670,909$5,298,967$89,258,892
92$114,594,066$12,114,021$5,347,720$98,102,389
93$126,149,842$12,574,789$5,394,049$107,840,329
94$138,880,123$13,053,951$5,437,747$118,563,720
95$152,904,578$13,552,276$5,478,594$130,372,848
96$168,355,075$14,070,568$5,516,357$143,378,216
97$185,376,931$14,609,664$5,550,793$157,701,594
98$204,130,280$15,170,440$5,581,647$173,477,166
99$224,791,585$15,753,808$5,608,648$190,852,791
100$247,555,304$16,360,722$5,631,515$209,991,404