Can I retire at age 53 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$229,570$227,525$225,530$223,583$221,681$215,189
2 years$113,648$111,532$109,481$107,492$105,562$99,074
3 years$75,013$72,887$70,841$68,871$66,973$60,692
4 years$55,699$53,580$51,554$49,618$47,766$41,740
5 years$44,114$42,007$40,008$38,111$36,311$30,557
6 years$36,393$34,302$32,333$30,478$28,732$23,255
7 years$30,880$28,807$26,869$25,057$23,366$18,167
8 years$26,747$24,693$22,787$21,020$19,385$14,459
9 years$23,534$21,500$19,626$17,904$16,325$11,668
10 years$20,966$18,951$17,110$15,434$13,909$9,516
11 years$18,866$16,871$15,064$13,432$11,963$7,824
12 years$17,117$15,142$13,369$11,782$10,367$6,475
13 years$15,638$13,684$11,944$10,401$9,040$5,386
14 years$14,372$12,439$10,732$9,233$7,924$4,500
15 years$13,275$11,363$9,689$8,234$6,977$3,772
16 years$12,316$10,425$8,785$7,373$6,166$3,171
17 years$11,472$9,601$7,994$6,625$5,468$2,672
18 years$10,721$8,872$7,297$5,970$4,862$2,256
19 years$10,051$8,222$6,680$5,395$4,333$1,908
20 years$9,448$7,641$6,131$4,886$3,870$1,616
21 years$8,904$7,117$5,639$4,434$3,464$1,370
22 years$8,409$6,643$5,197$4,032$3,105$1,162
23 years$7,959$6,213$4,799$3,672$2,787$987
24 years$7,546$5,822$4,438$3,349$2,505$839
25 years$7,167$5,463$4,111$3,058$2,254$714
26 years$6,818$5,135$3,812$2,796$2,030$607
27 years$6,495$4,832$3,540$2,560$1,831$517
28 years$6,196$4,553$3,291$2,345$1,652$440
29 years$5,918$4,296$3,063$2,151$1,491$375
30 years$5,659$4,057$2,853$1,974$1,348$319
31 years$5,417$3,835$2,659$1,813$1,218$272
32 years$5,191$3,629$2,481$1,666$1,102$232
33 years$4,979$3,436$2,317$1,532$997$198
34 years$4,779$3,257$2,165$1,409$903$169
35 years$4,592$3,089$2,024$1,298$818$144
36 years$4,415$2,932$1,893$1,195$741$123
37 years$4,249$2,785$1,772$1,101$672$105
38 years$4,091$2,647$1,659$1,015$609$89
39 years$3,942$2,517$1,555$936$552$76
40 years$3,801$2,394$1,457$863$501$65
41 years$3,667$2,279$1,366$796$454$55
42 years$3,539$2,171$1,282$735$412$47
43 years$3,418$2,068$1,203$678$374$40
44 years$3,303$1,971$1,129$626$340$34
45 years$3,193$1,880$1,060$578$308$29
46 years$3,088$1,793$996$534$280$25
47 years$2,989$1,711$935$494$254$21
48 years$2,893$1,634$879$456$231$18
49 years$2,802$1,560$826$422$210$16
50 years$2,714$1,490$777$390$190$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,780,000, adding $6,775 every year, while hoping to spend $35,323 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: 70/16/14 Blend
52$2,780,000$2,780,000$2,780,000$2,780,000
53$3,070,548$2,923,208$2,880,118$3,275,390
54$3,346,161$3,028,862$2,939,019$3,517,994
55$3,648,702$3,138,509$2,998,709$3,778,513
56$3,980,881$3,252,308$3,059,177$4,062,708
57$4,345,683$3,370,423$3,120,411$4,372,906
58$4,746,395$3,493,026$3,182,398$4,711,671
59$5,186,640$3,620,297$3,245,121$5,081,825
60$5,670,407$3,752,421$3,308,562$5,486,474
61$6,202,093$3,889,594$3,372,703$5,929,039
62$6,786,539$4,032,017$3,437,521$6,413,288
63$7,429,082$4,179,901$3,502,994$6,943,366
64$8,135,599$4,333,467$3,569,095$7,523,844
65$8,912,566$4,492,943$3,635,796$8,159,749
66$9,767,119$4,658,568$3,703,066$8,856,623
67$10,707,119$4,830,592$3,770,872$9,620,566
68$11,741,226$5,009,272$3,839,178$10,458,298
69$12,878,985$5,194,881$3,907,945$11,377,222
70$14,130,911$5,387,699$3,977,130$12,385,488
71$15,508,588$5,588,021$4,046,688$13,492,078
72$17,024,783$5,796,152$4,116,571$14,706,883
73$18,693,560$6,012,413$4,186,725$16,040,799
74$20,530,419$6,237,137$4,257,096$17,505,831
75$22,552,436$6,470,671$4,327,623$19,115,200
76$24,778,428$6,713,377$4,398,242$20,883,475
77$27,229,129$6,965,634$4,468,884$22,826,702
78$29,927,385$7,227,835$4,539,477$24,962,562
79$32,898,371$7,500,392$4,609,943$27,310,531
80$36,169,828$7,783,734$4,680,198$29,892,070
81$39,772,321$8,078,308$4,750,156$32,730,819
82$43,739,534$8,384,581$4,819,722$35,852,827
83$48,108,581$8,703,040$4,888,797$39,286,791
84$52,920,360$9,034,193$4,957,276$43,064,331
85$58,219,939$9,378,571$5,025,047$47,220,285
86$64,056,979$9,736,727$5,091,993$51,793,037
87$70,486,204$10,109,239$5,157,987$56,824,879
88$77,567,914$10,496,710$5,222,897$62,362,412
89$85,368,561$10,899,768$5,286,584$68,456,980
90$93,961,368$11,319,071$5,348,898$75,165,158
91$103,427,026$11,755,304$5,409,685$82,549,283
92$113,854,452$12,209,182$5,468,778$90,678,041
93$125,341,627$12,681,454$5,526,004$99,627,117
94$137,996,526$13,172,898$5,581,178$109,479,907
95$151,938,132$13,684,330$5,634,107$120,328,302
96$167,297,559$14,216,600$5,684,588$132,273,559
97$184,219,293$14,770,596$5,732,404$145,427,251
98$202,862,551$15,347,245$5,777,329$159,912,322
99$223,402,787$15,947,516$5,819,126$175,864,246
100$246,033,347$16,572,421$5,857,543$193,432,304