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%19.2%
1 years$232,873$230,799$228,775$226,800$224,871$216,548
2 years$115,284$113,137$111,056$109,038$107,081$98,790
3 years$76,092$73,936$71,860$69,862$67,937$59,938
4 years$56,501$54,351$52,296$50,332$48,453$40,808
5 years$44,748$42,612$40,584$38,659$36,833$29,561
6 years$36,916$34,796$32,798$30,916$29,145$22,251
7 years$31,324$29,221$27,255$25,418$23,703$17,186
8 years$27,132$25,048$23,114$21,323$19,664$13,518
9 years$23,873$21,809$19,909$18,162$16,560$10,776
10 years$21,267$19,223$17,357$15,656$14,110$8,678
11 years$19,137$17,113$15,281$13,625$12,135$7,043
12 years$17,363$15,360$13,561$11,951$10,516$5,752
13 years$15,863$13,881$12,116$10,551$9,170$4,720
14 years$14,578$12,618$10,886$9,366$8,038$3,889
15 years$13,466$11,526$9,829$8,353$7,078$3,214
16 years$12,494$10,575$8,911$7,479$6,255$2,663
17 years$11,637$9,739$8,109$6,720$5,546$2,211
18 years$10,876$9,000$7,402$6,056$4,931$1,839
19 years$10,196$8,341$6,777$5,472$4,396$1,532
20 years$9,584$7,751$6,219$4,956$3,926$1,278
21 years$9,032$7,219$5,720$4,498$3,513$1,067
22 years$8,530$6,739$5,272$4,090$3,149$891
23 years$8,073$6,303$4,868$3,725$2,827$745
24 years$7,655$5,905$4,502$3,397$2,541$623
25 years$7,270$5,542$4,170$3,102$2,287$522
26 years$6,916$5,209$3,867$2,837$2,060$437
27 years$6,589$4,902$3,591$2,596$1,857$366
28 years$6,285$4,619$3,338$2,379$1,676$306
29 years$6,003$4,357$3,107$2,181$1,513$257
30 years$5,740$4,115$2,894$2,002$1,367$215
31 years$5,495$3,890$2,698$1,839$1,236$180
32 years$5,265$3,681$2,517$1,690$1,118$151
33 years$5,050$3,486$2,350$1,554$1,012$127
34 years$4,848$3,304$2,196$1,430$916$106
35 years$4,658$3,134$2,053$1,316$830$89
36 years$4,479$2,974$1,921$1,212$752$75
37 years$4,310$2,825$1,798$1,117$681$63
38 years$4,150$2,685$1,683$1,029$618$53
39 years$3,999$2,553$1,577$949$560$44
40 years$3,855$2,429$1,478$875$508$37
41 years$3,719$2,312$1,386$808$461$31
42 years$3,590$2,202$1,300$745$418$26
43 years$3,467$2,098$1,220$688$380$22
44 years$3,351$2,000$1,145$635$345$18
45 years$3,239$1,907$1,075$587$313$15
46 years$3,133$1,819$1,010$542$284$13
47 years$3,032$1,736$949$501$258$11
48 years$2,935$1,657$892$463$234$9
49 years$2,842$1,583$838$428$213$8
50 years$2,753$1,512$788$395$193$6

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 $2,475 every year, while hoping to spend $55,257 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: 50/33/17 Blend
52$2,820,000$2,820,000$2,820,000$2,820,000
53$3,110,193$2,960,733$2,917,023$3,250,954
54$3,368,640$3,047,016$2,955,950$3,434,536
55$3,651,596$3,135,675$2,994,330$3,628,013
56$3,961,503$3,226,767$3,032,084$3,837,079
57$4,301,051$3,320,353$3,069,133$4,063,219
58$4,673,200$3,416,492$3,105,391$4,308,072
59$5,081,211$3,515,245$3,140,767$4,573,439
60$5,528,677$3,616,675$3,175,165$4,861,306
61$6,019,554$3,720,843$3,208,484$5,173,856
62$6,558,199$3,827,815$3,240,619$5,513,493
63$7,149,412$3,937,655$3,271,457$5,882,866
64$7,798,481$4,050,429$3,300,880$6,284,890
65$8,511,230$4,166,204$3,328,763$6,722,775
66$9,294,074$4,285,046$3,354,975$7,200,057
67$10,154,081$4,407,025$3,379,378$7,720,629
68$11,099,037$4,532,209$3,401,827$8,288,781
69$12,137,519$4,660,669$3,422,169$8,909,236
70$13,278,978$4,792,473$3,440,244$9,587,198
71$14,533,824$4,927,694$3,455,882$10,328,396
72$15,913,527$5,066,404$3,468,906$11,139,146
73$17,430,722$5,208,673$3,479,130$12,026,403
74$19,099,333$5,354,576$3,486,358$12,997,828
75$20,934,699$5,504,184$3,490,385$14,061,862
76$22,953,719$5,657,570$3,490,995$15,227,806
77$25,175,016$5,814,808$3,487,960$16,505,906
78$27,619,106$5,975,972$3,481,045$17,907,450
79$30,308,594$6,141,134$3,469,999$19,444,875
80$33,268,389$6,310,368$3,454,563$21,131,887
81$36,525,935$6,483,746$3,434,461$22,983,583
82$40,111,472$6,661,341$3,409,407$25,016,602
83$44,058,320$6,843,225$3,379,100$27,249,275
84$48,403,195$7,029,469$3,343,225$29,701,802
85$53,186,550$7,220,143$3,301,453$32,396,439
86$58,452,964$7,415,316$3,253,438$35,357,714
87$64,251,557$7,615,056$3,198,818$38,612,649
88$70,636,451$7,819,430$3,137,215$42,191,027
89$77,667,290$8,028,502$3,068,231$46,125,660
90$85,409,790$8,242,335$2,991,454$50,452,710
91$93,936,368$8,460,990$2,906,447$55,212,024
92$103,326,824$8,684,524$2,812,759$60,447,510
93$113,669,087$8,912,993$2,709,914$66,207,556
94$125,060,054$9,146,450$2,597,416$72,545,481
95$137,606,496$9,384,942$2,474,746$79,520,044
96$151,426,070$9,628,516$2,341,362$87,195,993
97$166,648,427$9,877,211$2,196,696$95,644,682
98$183,416,438$10,131,065$2,040,155$104,944,742
99$201,887,536$10,390,109$1,871,122$115,182,820
100$222,235,209$10,654,369$1,688,949$126,454,404