Can I retire at age 53 with 2,750,000?

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 $2,750,000?

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$227,092$225,070$223,096$221,170$219,289$215,656
2 years$112,422$110,328$108,299$106,332$104,423$100,774
3 years$74,204$72,101$70,077$68,128$66,250$62,698
4 years$55,098$53,002$50,998$49,082$47,250$43,822
5 years$43,638$41,554$39,576$37,700$35,919$32,625
6 years$36,000$33,932$31,984$30,149$28,421$25,266
7 years$30,547$28,496$26,579$24,787$23,114$20,097
8 years$26,458$24,426$22,541$20,793$19,175$16,297
9 years$23,280$21,268$19,414$17,711$16,149$13,407
10 years$20,740$18,746$16,926$15,267$13,759$11,152
11 years$18,662$16,689$14,901$13,287$11,834$9,358
12 years$16,932$14,979$13,224$11,655$10,255$7,908
13 years$15,469$13,537$11,815$10,289$8,942$6,721
14 years$14,216$12,304$10,616$9,134$7,839$5,738
15 years$13,132$11,240$9,585$8,146$6,902$4,919
16 years$12,184$10,313$8,690$7,293$6,100$4,230
17 years$11,348$9,498$7,908$6,553$5,409$3,648
18 years$10,606$8,776$7,219$5,906$4,809$3,153
19 years$9,943$8,134$6,608$5,336$4,286$2,731
20 years$9,346$7,558$6,065$4,833$3,829$2,369
21 years$8,808$7,040$5,578$4,386$3,426$2,058
22 years$8,319$6,572$5,141$3,988$3,071$1,791
23 years$7,873$6,146$4,747$3,632$2,757$1,559
24 years$7,465$5,759$4,390$3,313$2,478$1,359
25 years$7,090$5,404$4,066$3,025$2,230$1,186
26 years$6,744$5,079$3,771$2,766$2,008$1,035
27 years$6,425$4,780$3,502$2,532$1,811$904
28 years$6,129$4,504$3,256$2,320$1,634$790
29 years$5,854$4,249$3,030$2,127$1,475$691
30 years$5,598$4,013$2,822$1,952$1,333$604
31 years$5,359$3,794$2,631$1,793$1,205$529
32 years$5,135$3,590$2,455$1,648$1,090$463
33 years$4,925$3,399$2,292$1,515$987$405
34 years$4,728$3,222$2,141$1,394$893$355
35 years$4,542$3,056$2,002$1,284$809$311
36 years$4,368$2,900$1,873$1,182$733$272
37 years$4,203$2,755$1,753$1,089$664$239
38 years$4,047$2,618$1,642$1,004$602$209
39 years$3,899$2,489$1,538$926$546$183
40 years$3,760$2,369$1,442$854$495$161
41 years$3,627$2,255$1,352$788$449$141
42 years$3,501$2,147$1,268$727$408$123
43 years$3,381$2,046$1,190$671$370$108
44 years$3,267$1,950$1,117$620$336$95
45 years$3,159$1,860$1,049$572$305$83
46 years$3,055$1,774$985$529$277$73
47 years$2,956$1,693$925$488$251$64
48 years$2,862$1,616$870$451$228$56
49 years$2,771$1,543$817$417$207$49
50 years$2,685$1,474$768$385$188$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,750,000, adding $2,919 every year, while hoping to spend $23,944 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: 82/9/9 Blend
52$2,750,000$2,750,000$2,750,000$2,750,000
53$3,033,511$2,887,761$2,845,136$3,278,201
54$3,317,453$3,003,785$2,914,972$3,554,827
55$3,629,554$3,124,692$2,986,345$3,854,981
56$3,972,662$3,250,695$3,059,281$4,183,782
57$4,349,914$3,382,019$3,133,806$4,544,089
58$4,764,764$3,518,897$3,209,948$4,939,050
59$5,221,020$3,661,573$3,287,731$5,372,129
60$5,722,877$3,810,303$3,367,183$5,847,144
61$6,274,957$3,965,355$3,448,331$6,368,301
62$6,882,352$4,127,007$3,531,199$6,940,227
63$7,550,673$4,295,551$3,615,816$7,568,026
64$8,286,102$4,471,293$3,702,206$8,257,313
65$9,095,451$4,654,553$3,790,395$9,014,276
66$9,986,224$4,845,663$3,880,411$9,845,733
67$10,966,691$5,044,973$3,972,277$10,759,190
68$12,045,966$5,252,848$4,066,020$11,762,920
69$13,234,087$5,469,671$4,161,665$12,866,034
70$14,542,119$5,695,840$4,259,236$14,078,568
71$15,982,252$5,931,773$4,358,757$15,411,581
72$17,567,919$6,177,907$4,460,253$16,877,256
73$19,313,922$6,434,700$4,563,746$18,489,011
74$21,236,570$6,702,628$4,669,260$20,261,634
75$23,353,836$6,982,193$4,776,816$22,211,415
76$25,685,524$7,273,917$4,886,436$24,356,299
77$28,253,457$7,578,348$4,998,141$26,716,062
78$31,081,681$7,896,058$5,111,950$29,312,488
79$34,196,694$8,227,647$5,227,882$32,169,582
80$37,627,696$8,573,742$5,345,956$35,313,789
81$41,406,864$8,934,997$5,466,188$38,774,249
82$45,569,652$9,312,100$5,588,593$42,583,067
83$50,155,132$9,705,769$5,713,187$46,775,620
84$55,206,358$10,116,754$5,839,981$51,390,885
85$60,770,775$10,545,844$5,968,989$56,471,810
86$66,900,664$10,993,859$6,100,219$62,065,717
87$73,653,636$11,461,663$6,233,681$68,224,749
88$81,093,178$11,950,155$6,369,380$75,006,361
89$89,289,249$12,460,280$6,507,322$82,473,860
90$98,318,944$12,993,025$6,647,509$90,697,006
91$108,267,217$13,549,424$6,789,941$99,752,664
92$119,227,685$14,130,558$6,934,616$109,725,534
93$131,303,514$14,737,560$7,081,530$120,708,945
94$144,608,386$15,371,615$7,230,676$132,805,739
95$159,267,582$16,033,964$7,382,044$146,129,239
96$175,419,153$16,725,906$7,535,620$160,804,316
97$193,215,232$17,448,801$7,691,388$176,968,571
98$212,823,466$18,204,072$7,849,330$194,773,629
99$234,428,598$18,993,211$8,009,422$214,386,571
100$258,234,214$19,817,777$8,171,636$235,991,508