Can I retire at age 53 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$223,789$221,796$219,851$217,953$216,099$211,132
2 years$110,787$108,723$106,724$104,785$102,904$97,928
3 years$73,124$71,052$69,057$67,137$65,287$60,456
4 years$54,297$52,231$50,256$48,368$46,563$41,915
5 years$43,003$40,950$39,001$37,151$35,397$30,945
6 years$35,476$33,438$31,518$29,710$28,008$23,757
7 years$30,102$28,081$26,192$24,426$22,778$18,728
8 years$26,074$24,071$22,213$20,491$18,897$15,046
9 years$22,942$20,958$19,132$17,454$15,914$12,260
10 years$20,438$18,474$16,680$15,045$13,559$10,098
11 years$18,391$16,446$14,684$13,094$11,661$8,388
12 years$16,686$14,761$13,032$11,485$10,106$7,015
13 years$15,244$13,340$11,643$10,140$8,812$5,899
14 years$14,010$12,125$10,462$9,001$7,725$4,983
15 years$12,941$11,077$9,445$8,027$6,801$4,224
16 years$12,006$10,163$8,564$7,187$6,011$3,592
17 years$11,183$9,359$7,793$6,458$5,330$3,062
18 years$10,451$8,649$7,114$5,820$4,739$2,616
19 years$9,798$8,015$6,512$5,259$4,224$2,239
20 years$9,210$7,448$5,977$4,763$3,773$1,919
21 years$8,680$6,938$5,497$4,322$3,376$1,647
22 years$8,198$6,476$5,067$3,930$3,026$1,415
23 years$7,758$6,057$4,678$3,579$2,717$1,217
24 years$7,356$5,675$4,326$3,264$2,442$1,048
25 years$6,987$5,326$4,007$2,981$2,197$903
26 years$6,646$5,005$3,716$2,726$1,979$778
27 years$6,332$4,711$3,451$2,495$1,784$671
28 years$6,040$4,439$3,208$2,286$1,610$579
29 years$5,769$4,187$2,985$2,096$1,454$499
30 years$5,516$3,955$2,781$1,924$1,314$431
31 years$5,281$3,738$2,593$1,767$1,188$372
32 years$5,060$3,537$2,419$1,624$1,074$322
33 years$4,853$3,350$2,259$1,493$972$278
34 years$4,659$3,175$2,110$1,374$880$240
35 years$4,476$3,011$1,973$1,265$797$207
36 years$4,304$2,858$1,846$1,165$722$179
37 years$4,142$2,715$1,727$1,073$655$155
38 years$3,988$2,580$1,618$989$594$134
39 years$3,843$2,453$1,516$912$538$116
40 years$3,705$2,334$1,421$841$488$100
41 years$3,574$2,222$1,332$776$443$87
42 years$3,450$2,116$1,250$716$402$75
43 years$3,332$2,016$1,172$661$365$65
44 years$3,220$1,922$1,101$611$331$56
45 years$3,113$1,833$1,033$564$301$48
46 years$3,011$1,748$971$521$273$42
47 years$2,913$1,668$912$481$248$36
48 years$2,820$1,593$857$445$225$31
49 years$2,731$1,521$805$411$204$27
50 years$2,646$1,453$757$380$186$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,710,000, adding $5,697 every year, while hoping to spend $46,991 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: 60/12/28 Blend
52$2,710,000$2,710,000$2,710,000$2,710,000
53$2,992,296$2,848,666$2,806,661$3,148,839
54$3,247,513$2,938,253$2,850,687$3,345,877
55$3,527,186$3,030,654$2,894,612$3,555,260
56$3,833,761$3,125,959$2,938,383$3,782,756
57$4,169,932$3,224,258$2,981,946$4,030,140
58$4,538,663$3,325,645$3,025,239$4,299,368
59$4,943,222$3,430,216$3,068,200$4,592,594
60$5,387,207$3,538,073$3,110,761$4,912,190
61$5,874,581$3,649,318$3,152,851$5,260,771
62$6,409,710$3,764,057$3,194,394$5,641,213
63$6,997,405$3,882,399$3,235,310$6,056,688
64$7,642,962$4,004,459$3,275,514$6,510,689
65$8,352,218$4,130,351$3,314,918$7,007,063
66$9,131,603$4,260,197$3,353,427$7,550,051
67$9,988,201$4,394,121$3,390,941$8,144,322
68$10,929,814$4,532,250$3,427,354$8,795,022
69$11,965,041$4,674,716$3,462,556$9,507,820
70$13,103,352$4,821,654$3,496,429$10,288,962
71$14,355,185$4,973,206$3,528,850$11,145,331
72$15,732,037$5,129,516$3,559,690$12,084,510
73$17,246,575$5,290,733$3,588,809$13,114,854
74$18,912,756$5,457,010$3,616,065$14,245,568
75$20,745,960$5,628,506$3,641,306$15,486,799
76$22,763,130$5,805,384$3,664,372$16,849,722
77$24,982,935$5,987,814$3,685,094$18,346,657
78$27,425,946$6,175,969$3,703,297$19,991,174
79$30,114,829$6,370,027$3,718,793$21,798,229
80$33,074,558$6,570,175$3,731,390$23,784,303
81$36,332,652$6,776,603$3,740,881$25,967,557
82$39,919,434$6,989,508$3,747,051$28,368,000
83$43,868,313$7,209,091$3,749,674$31,007,687
84$48,216,107$7,435,562$3,748,514$33,910,917
85$53,003,383$7,669,138$3,743,322$37,104,469
86$58,274,841$7,910,039$3,733,837$40,617,852
87$64,079,740$8,158,495$3,719,785$44,483,585
88$70,472,355$8,414,743$3,700,880$48,737,503
89$77,512,496$8,679,027$3,676,820$53,419,096
90$85,266,068$8,951,597$3,647,291$58,571,880
91$93,805,695$9,232,712$3,611,963$64,243,813
92$103,211,402$9,522,641$3,570,490$70,487,740
93$113,571,373$9,821,659$3,522,509$77,361,900
94$124,982,782$10,130,049$3,467,642$84,930,470
95$137,552,709$10,448,105$3,405,492$93,264,174
96$151,399,152$10,776,128$3,335,642$102,440,950
97$166,652,138$11,114,431$3,257,659$112,546,686
98$183,454,952$11,463,335$3,171,087$123,676,031
99$201,965,489$11,823,169$3,075,449$135,933,290
100$222,357,741$12,194,277$2,970,250$149,433,406