Can I retire at age 53 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$224,615$222,614$220,662$218,757$216,897$211,310
2 years$111,196$109,125$107,118$105,172$103,284$97,693
3 years$73,394$71,314$69,312$67,384$65,528$60,107
4 years$54,497$52,423$50,442$48,547$46,735$41,526
5 years$43,162$41,101$39,145$37,289$35,527$30,545
6 years$35,607$33,562$31,635$29,820$28,111$23,360
7 years$30,213$28,185$26,289$24,517$22,862$18,343
8 years$26,170$24,160$22,295$20,566$18,966$14,676
9 years$23,027$21,035$19,203$17,518$15,972$11,908
10 years$20,513$18,542$16,741$15,101$13,609$9,766
11 years$18,458$16,507$14,739$13,142$11,704$8,076
12 years$16,747$14,815$13,080$11,527$10,143$6,723
13 years$15,300$13,389$11,686$10,177$8,845$5,627
14 years$14,061$12,170$10,500$9,034$7,753$4,730
15 years$12,988$11,118$9,480$8,057$6,827$3,990
16 years$12,051$10,200$8,595$7,214$6,033$3,376
17 years$11,224$9,394$7,821$6,482$5,350$2,864
18 years$10,490$8,680$7,140$5,841$4,757$2,434
19 years$9,834$8,045$6,536$5,278$4,240$2,072
20 years$9,244$7,476$5,999$4,780$3,787$1,767
21 years$8,712$6,963$5,518$4,338$3,389$1,509
22 years$8,228$6,500$5,085$3,945$3,038$1,289
23 years$7,787$6,079$4,695$3,592$2,727$1,103
24 years$7,383$5,696$4,342$3,277$2,451$944
25 years$7,013$5,345$4,022$2,992$2,205$809
26 years$6,671$5,024$3,730$2,736$1,987$693
27 years$6,355$4,728$3,464$2,504$1,791$594
28 years$6,062$4,455$3,220$2,295$1,616$510
29 years$5,790$4,203$2,997$2,104$1,459$437
30 years$5,537$3,969$2,791$1,931$1,319$375
31 years$5,300$3,752$2,602$1,774$1,192$322
32 years$5,079$3,550$2,428$1,630$1,078$277
33 years$4,871$3,362$2,267$1,499$976$238
34 years$4,676$3,187$2,118$1,379$884$204
35 years$4,493$3,023$1,980$1,270$800$175
36 years$4,320$2,869$1,852$1,169$725$151
37 years$4,157$2,725$1,734$1,077$657$130
38 years$4,003$2,589$1,624$993$596$111
39 years$3,857$2,462$1,521$916$540$96
40 years$3,719$2,343$1,426$844$490$82
41 years$3,588$2,230$1,337$779$445$71
42 years$3,463$2,124$1,254$719$403$61
43 years$3,345$2,024$1,177$664$366$52
44 years$3,232$1,929$1,105$613$332$45
45 years$3,124$1,839$1,037$566$302$39
46 years$3,022$1,755$974$523$274$33
47 years$2,924$1,674$915$483$249$29
48 years$2,831$1,599$860$446$226$25
49 years$2,741$1,526$808$412$205$21
50 years$2,656$1,458$760$381$186$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,720,000, adding $2,846 every year, while hoping to spend $26,409 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: 58/14/28 Blend
52$2,720,000$2,720,000$2,720,000$2,720,000
53$3,000,376$2,856,216$2,814,056$3,151,294
54$3,278,315$2,968,071$2,880,228$3,366,858
55$3,583,719$3,084,523$2,947,731$3,598,763
56$3,919,361$3,205,767$3,016,583$3,851,091
57$4,288,297$3,332,011$3,086,800$4,125,831
58$4,693,893$3,463,469$3,158,397$4,425,169
59$5,139,858$3,600,367$3,231,391$4,751,516
60$5,630,278$3,742,939$3,305,797$5,107,520
61$6,169,654$3,891,431$3,381,629$5,496,100
62$6,762,947$4,046,099$3,458,902$5,920,468
63$7,415,622$4,207,212$3,537,629$6,384,160
64$8,133,699$4,375,049$3,617,823$6,891,069
65$8,923,813$4,549,903$3,699,497$7,445,484
66$9,793,274$4,732,081$3,782,662$8,052,123
67$10,750,135$4,921,900$3,867,329$8,716,185
68$11,803,272$5,119,696$3,953,508$9,443,394
69$12,962,462$5,325,818$4,041,207$10,240,055
70$14,238,481$5,540,630$4,130,434$11,113,109
71$15,643,199$5,764,514$4,221,197$12,070,203
72$17,189,699$5,997,869$4,313,501$13,119,759
73$18,892,395$6,241,112$4,407,350$14,271,051
74$20,767,171$6,494,678$4,502,748$15,534,298
75$22,831,528$6,759,023$4,599,695$16,920,753
76$25,104,752$7,034,622$4,698,193$18,442,812
77$27,608,093$7,321,976$4,798,239$20,114,132
78$30,364,969$7,621,603$4,899,831$21,949,755
79$33,401,183$7,934,049$5,002,962$23,966,252
80$36,745,169$8,259,882$5,107,627$26,181,879
81$40,428,259$8,599,699$5,213,815$28,616,746
82$44,484,979$8,954,122$5,321,516$31,293,011
83$48,953,375$9,323,803$5,430,715$34,235,081
84$53,875,373$9,709,422$5,541,397$37,469,850
85$59,297,169$10,111,693$5,653,542$41,026,945
86$65,269,674$10,531,359$5,767,129$44,939,008
87$71,848,987$10,969,201$5,882,134$49,242,003
88$79,096,926$11,426,035$5,998,528$53,975,554
89$87,081,614$11,902,712$6,116,281$59,183,319
90$95,878,120$12,400,126$6,235,357$64,913,400
91$105,569,166$12,919,210$6,355,719$71,218,796
92$116,245,910$13,460,941$6,477,325$78,157,903
93$128,008,806$14,026,340$6,600,129$85,795,064
94$140,968,551$14,616,477$6,724,080$94,201,174
95$155,247,129$15,232,471$6,849,122$103,454,350
96$170,978,965$15,875,491$6,975,197$113,640,666
97$188,312,192$16,546,763$7,102,239$124,854,964
98$207,410,050$17,247,568$7,230,178$137,201,747
99$228,452,425$17,979,249$7,358,939$150,796,168
100$251,637,548$18,743,208$7,488,439$165,765,111