Can I retire at age 53 with 2,790,000?

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 $2,790,000?

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$230,396$228,343$226,341$224,387$222,479$215,963
2 years$114,057$111,933$109,874$107,878$105,942$99,430
3 years$75,283$73,149$71,096$69,119$67,214$60,910
4 years$55,899$53,773$51,740$49,796$47,938$41,890
5 years$44,272$42,158$40,152$38,248$36,441$30,667
6 years$36,524$34,425$32,449$30,587$28,835$23,339
7 years$30,991$28,910$26,965$25,148$23,450$18,232
8 years$26,843$24,782$22,869$21,096$19,454$14,511
9 years$23,619$21,577$19,697$17,969$16,383$11,710
10 years$21,041$19,019$17,172$15,489$13,960$9,550
11 years$18,933$16,931$15,118$13,480$12,006$7,852
12 years$17,178$15,197$13,417$11,824$10,404$6,498
13 years$15,694$13,733$11,987$10,439$9,072$5,406
14 years$14,423$12,483$10,770$9,266$7,953$4,516
15 years$13,323$11,404$9,724$8,264$7,002$3,786
16 years$12,361$10,463$8,816$7,400$6,189$3,182
17 years$11,513$9,636$8,023$6,648$5,487$2,682
18 years$10,760$8,904$7,324$5,992$4,879$2,264
19 years$10,087$8,252$6,704$5,414$4,349$1,915
20 years$9,482$7,668$6,153$4,903$3,884$1,621
21 years$8,936$7,143$5,660$4,450$3,476$1,375
22 years$8,440$6,667$5,216$4,046$3,116$1,167
23 years$7,987$6,236$4,816$3,685$2,797$991
24 years$7,573$5,843$4,454$3,361$2,514$842
25 years$7,193$5,483$4,125$3,069$2,262$716
26 years$6,843$5,153$3,826$2,806$2,038$609
27 years$6,519$4,850$3,553$2,569$1,837$519
28 years$6,218$4,570$3,303$2,354$1,658$442
29 years$5,939$4,311$3,074$2,158$1,497$376
30 years$5,679$4,071$2,863$1,981$1,353$320
31 years$5,436$3,849$2,669$1,819$1,223$273
32 years$5,209$3,642$2,490$1,672$1,106$233
33 years$4,996$3,449$2,325$1,537$1,001$198
34 years$4,797$3,269$2,173$1,415$906$169
35 years$4,608$3,100$2,031$1,302$821$144
36 years$4,431$2,943$1,900$1,199$744$123
37 years$4,264$2,795$1,778$1,105$674$105
38 years$4,106$2,656$1,665$1,018$611$89
39 years$3,956$2,526$1,560$939$554$76
40 years$3,814$2,403$1,463$866$503$65
41 years$3,680$2,287$1,371$799$456$56
42 years$3,552$2,178$1,286$738$414$47
43 years$3,431$2,076$1,207$681$376$40
44 years$3,315$1,978$1,133$629$341$34
45 years$3,205$1,887$1,064$581$309$29
46 years$3,100$1,800$999$536$281$25
47 years$2,999$1,718$939$495$255$21
48 years$2,903$1,640$882$458$232$18
49 years$2,812$1,566$829$423$210$16
50 years$2,724$1,496$780$391$191$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,790,000, adding $2,830 every year, while hoping to spend $35,904 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: 38/46/16 Blend
52$2,790,000$2,790,000$2,790,000$2,790,000
53$3,077,499$2,929,629$2,886,384$3,179,495
54$3,353,202$3,034,979$2,944,876$3,358,197
55$3,655,824$3,144,288$3,004,125$3,547,547
56$3,988,072$3,257,712$3,064,117$3,751,413
57$4,352,929$3,375,414$3,124,838$3,971,123
58$4,753,680$3,497,562$3,186,273$4,208,130
59$5,193,946$3,624,333$3,248,404$4,464,032
60$5,677,714$3,755,910$3,311,211$4,740,586
61$6,209,377$3,892,486$3,374,672$5,039,718
62$6,793,774$4,034,258$3,438,764$5,363,549
63$7,436,237$4,181,436$3,503,461$5,714,407
64$8,142,641$4,334,234$3,568,735$6,094,852
65$8,919,457$4,492,878$3,634,554$6,507,697
66$9,773,816$4,657,603$3,700,886$6,956,036
67$10,713,574$4,828,654$3,767,694$7,443,272
68$11,747,386$5,006,285$3,834,939$7,973,145
69$12,884,789$5,190,763$3,902,579$8,549,770
70$14,136,291$5,382,364$3,970,569$9,177,675
71$15,513,470$5,581,377$4,038,860$9,861,838
72$17,029,082$5,788,103$4,107,400$10,607,739
73$18,697,183$6,002,855$4,176,134$11,421,406
74$20,533,262$6,225,961$4,245,000$12,309,472
75$22,554,383$6,457,761$4,313,936$13,279,239
76$24,779,351$6,698,612$4,382,874$14,338,739
77$27,228,884$6,948,884$4,451,739$15,496,818
78$29,925,815$7,208,963$4,520,457$16,763,210
79$32,895,298$7,479,253$4,588,943$18,148,631
80$36,165,057$7,760,174$4,657,110$19,664,877
81$39,765,635$8,052,166$4,724,866$21,324,936
82$43,730,693$8,355,684$4,792,112$23,143,109
83$48,097,318$8,671,208$4,858,742$25,135,139
84$52,906,382$8,999,234$4,924,647$27,318,363
85$58,202,918$9,340,282$4,989,709$29,711,872
86$64,036,554$9,694,894$5,053,802$32,336,689
87$70,461,975$10,063,636$5,116,797$35,215,964
88$77,539,440$10,447,098$5,178,553$38,375,193
89$85,335,352$10,845,894$5,238,923$41,842,458
90$93,922,884$11,260,669$5,297,753$45,648,684
91$103,382,669$11,692,093$5,354,879$49,827,934
92$113,803,561$12,140,865$5,410,127$54,417,726
93$125,283,473$12,607,717$5,463,316$59,459,385
94$137,930,304$13,093,411$5,514,253$64,998,430
95$151,862,950$13,598,744$5,562,736$71,085,003
96$167,212,434$14,124,546$5,608,551$77,774,335
97$184,123,139$14,671,685$5,651,474$85,127,272
98$202,754,170$15,241,068$5,691,269$93,210,837
99$223,280,855$15,833,640$5,727,686$102,098,867
100$245,896,404$16,450,390$5,760,465$111,872,705