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%11.6%
1 years$232,873$230,799$228,775$226,800$224,871$223,360
2 years$115,284$113,137$111,056$109,038$107,081$105,558
3 years$76,092$73,936$71,860$69,862$67,937$66,447
4 years$56,501$54,351$52,296$50,332$48,453$47,009
5 years$44,748$42,612$40,584$38,659$36,833$35,440
6 years$36,916$34,796$32,798$30,916$29,145$27,803
7 years$31,324$29,221$27,255$25,418$23,703$22,413
8 years$27,132$25,048$23,114$21,323$19,664$18,427
9 years$23,873$21,809$19,909$18,162$16,560$15,375
10 years$21,267$19,223$17,357$15,656$14,110$12,976
11 years$19,137$17,113$15,281$13,625$12,135$11,052
12 years$17,363$15,360$13,561$11,951$10,516$9,483
13 years$15,863$13,881$12,116$10,551$9,170$8,186
14 years$14,578$12,618$10,886$9,366$8,038$7,102
15 years$13,466$11,526$9,829$8,353$7,078$6,187
16 years$12,494$10,575$8,911$7,479$6,255$5,410
17 years$11,637$9,739$8,109$6,720$5,546$4,745
18 years$10,876$9,000$7,402$6,056$4,931$4,172
19 years$10,196$8,341$6,777$5,472$4,396$3,677
20 years$9,584$7,751$6,219$4,956$3,926$3,247
21 years$9,032$7,219$5,720$4,498$3,513$2,872
22 years$8,530$6,739$5,272$4,090$3,149$2,544
23 years$8,073$6,303$4,868$3,725$2,827$2,257
24 years$7,655$5,905$4,502$3,397$2,541$2,004
25 years$7,270$5,542$4,170$3,102$2,287$1,781
26 years$6,916$5,209$3,867$2,837$2,060$1,585
27 years$6,589$4,902$3,591$2,596$1,857$1,411
28 years$6,285$4,619$3,338$2,379$1,676$1,257
29 years$6,003$4,357$3,107$2,181$1,513$1,121
30 years$5,740$4,115$2,894$2,002$1,367$1,000
31 years$5,495$3,890$2,698$1,839$1,236$892
32 years$5,265$3,681$2,517$1,690$1,118$797
33 years$5,050$3,486$2,350$1,554$1,012$712
34 years$4,848$3,304$2,196$1,430$916$636
35 years$4,658$3,134$2,053$1,316$830$568
36 years$4,479$2,974$1,921$1,212$752$508
37 years$4,310$2,825$1,798$1,117$681$454
38 years$4,150$2,685$1,683$1,029$618$406
39 years$3,999$2,553$1,577$949$560$364
40 years$3,855$2,429$1,478$875$508$325
41 years$3,719$2,312$1,386$808$461$291
42 years$3,590$2,202$1,300$745$418$261
43 years$3,467$2,098$1,220$688$380$233
44 years$3,351$2,000$1,145$635$345$209
45 years$3,239$1,907$1,075$587$313$187
46 years$3,133$1,819$1,010$542$284$167
47 years$3,032$1,736$949$501$258$150
48 years$2,935$1,657$892$463$234$134
49 years$2,842$1,583$838$428$213$120
50 years$2,753$1,512$788$395$193$108

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 $2,202 every year, while hoping to spend $59,383 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: 67/16/17 Blend
52$2,820,000$2,820,000$2,820,000$2,820,000
53$3,109,911$2,960,451$2,916,741$3,305,325
54$3,363,939$3,042,330$2,951,269$3,518,052
55$3,641,888$3,126,231$2,984,963$3,743,437
56$3,946,134$3,212,190$3,017,733$3,988,427
57$4,279,296$3,300,244$3,049,484$4,254,945
58$4,644,256$3,390,427$3,080,113$4,545,106
59$5,044,188$3,482,777$3,109,515$4,861,243
60$5,482,590$3,577,328$3,137,579$5,205,922
61$5,963,312$3,674,114$3,164,185$5,581,974
62$6,490,594$3,773,170$3,189,209$5,992,512
63$7,069,108$3,874,529$3,212,521$6,440,969
64$7,703,999$3,978,223$3,233,983$6,931,125
65$8,400,936$4,084,285$3,253,450$7,467,145
66$9,166,160$4,192,744$3,270,770$8,053,617
67$10,006,550$4,303,630$3,285,782$8,695,595
68$10,929,681$4,416,970$3,298,319$9,398,649
69$11,943,899$4,532,792$3,308,203$10,168,915
70$13,058,398$4,651,121$3,315,249$11,013,152
71$14,283,307$4,771,978$3,319,262$11,938,808
72$15,629,785$4,895,385$3,320,038$12,954,091
73$17,110,125$5,021,361$3,317,361$14,068,044
74$18,737,872$5,149,922$3,311,007$15,290,630
75$20,527,948$5,281,081$3,300,739$16,632,827
76$22,496,795$5,414,850$3,286,310$18,106,735
77$24,662,527$5,551,236$3,267,460$19,725,683
78$27,045,101$5,690,244$3,243,916$21,504,360
79$29,666,508$5,831,873$3,215,395$23,458,953
80$32,550,978$5,976,120$3,181,596$25,607,298
81$35,725,206$6,122,978$3,142,208$27,969,051
82$39,218,606$6,272,434$3,096,901$30,565,869
83$43,063,591$6,424,470$3,045,334$33,421,621
84$47,295,872$6,579,063$2,987,147$36,562,608
85$51,954,799$6,736,185$2,921,965$40,017,812
86$57,083,731$6,895,801$2,849,393$43,819,173
87$62,730,444$7,057,868$2,769,021$48,001,888
88$68,947,584$7,222,339$2,680,418$52,604,742
89$75,793,159$7,389,155$2,583,133$57,670,478
90$83,331,090$7,558,252$2,476,697$63,246,197
91$91,631,811$7,729,556$2,360,616$69,383,806
92$100,772,936$7,902,984$2,234,377$76,140,506
93$110,839,988$8,078,443$2,097,441$83,579,332
94$121,927,208$8,255,828$1,949,246$91,769,752
95$134,138,442$8,435,023$1,789,205$100,788,316
96$147,588,125$8,615,900$1,616,705$110,719,387
97$162,402,353$8,798,319$1,431,104$121,655,931
98$178,720,080$8,982,124$1,231,733$133,700,402
99$196,694,425$9,167,144$1,017,893$146,965,701
100$216,494,117$9,353,195$788,853$161,576,249