Can I retire at age 53 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$232,873$230,799$228,775$226,800$224,871$218,461
2 years$115,284$113,137$111,056$109,038$107,081$100,673
3 years$76,092$73,936$71,860$69,862$67,937$61,731
4 years$56,501$54,351$52,296$50,332$48,453$42,498
5 years$44,748$42,612$40,584$38,659$36,833$31,145
6 years$36,916$34,796$32,798$30,916$29,145$23,728
7 years$31,324$29,221$27,255$25,418$23,703$18,558
8 years$27,132$25,048$23,114$21,323$19,664$14,788
9 years$23,873$21,809$19,909$18,162$16,560$11,948
10 years$21,267$19,223$17,357$15,656$14,110$9,756
11 years$19,137$17,113$15,281$13,625$12,135$8,032
12 years$17,363$15,360$13,561$11,951$10,516$6,656
13 years$15,863$13,881$12,116$10,551$9,170$5,544
14 years$14,578$12,618$10,886$9,366$8,038$4,638
15 years$13,466$11,526$9,829$8,353$7,078$3,893
16 years$12,494$10,575$8,911$7,479$6,255$3,278
17 years$11,637$9,739$8,109$6,720$5,546$2,766
18 years$10,876$9,000$7,402$6,056$4,931$2,339
19 years$10,196$8,341$6,777$5,472$4,396$1,981
20 years$9,584$7,751$6,219$4,956$3,926$1,680
21 years$9,032$7,219$5,720$4,498$3,513$1,427
22 years$8,530$6,739$5,272$4,090$3,149$1,213
23 years$8,073$6,303$4,868$3,725$2,827$1,031
24 years$7,655$5,905$4,502$3,397$2,541$878
25 years$7,270$5,542$4,170$3,102$2,287$748
26 years$6,916$5,209$3,867$2,837$2,060$637
27 years$6,589$4,902$3,591$2,596$1,857$543
28 years$6,285$4,619$3,338$2,379$1,676$463
29 years$6,003$4,357$3,107$2,181$1,513$395
30 years$5,740$4,115$2,894$2,002$1,367$337
31 years$5,495$3,890$2,698$1,839$1,236$288
32 years$5,265$3,681$2,517$1,690$1,118$246
33 years$5,050$3,486$2,350$1,554$1,012$210
34 years$4,848$3,304$2,196$1,430$916$179
35 years$4,658$3,134$2,053$1,316$830$153
36 years$4,479$2,974$1,921$1,212$752$131
37 years$4,310$2,825$1,798$1,117$681$112
38 years$4,150$2,685$1,683$1,029$618$95
39 years$3,999$2,553$1,577$949$560$82
40 years$3,855$2,429$1,478$875$508$70
41 years$3,719$2,312$1,386$808$461$60
42 years$3,590$2,202$1,300$745$418$51
43 years$3,467$2,098$1,220$688$380$43
44 years$3,351$2,000$1,145$635$345$37
45 years$3,239$1,907$1,075$587$313$32
46 years$3,133$1,819$1,010$542$284$27
47 years$3,032$1,736$949$501$258$23
48 years$2,935$1,657$892$463$234$20
49 years$2,842$1,583$838$428$213$17
50 years$2,753$1,512$788$395$193$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,820,000, adding $5,813 every year, while hoping to spend $25,129 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: 68/5/27 Blend
52$2,820,000$2,820,000$2,820,000$2,820,000
53$3,113,636$2,964,176$2,920,466$3,303,162
54$3,404,490$3,082,684$2,991,565$3,549,818
55$3,724,169$3,206,156$3,064,203$3,816,186
56$4,075,586$3,334,810$3,138,406$4,107,048
57$4,461,951$3,468,871$3,214,198$4,424,829
58$4,886,802$3,608,577$3,291,605$4,772,197
59$5,354,034$3,754,176$3,370,652$5,152,093
60$5,867,940$3,905,925$3,451,363$5,567,755
61$6,433,250$4,064,095$3,533,764$6,022,747
62$7,055,175$4,228,970$3,617,879$6,520,997
63$7,739,457$4,400,843$3,703,732$7,066,830
64$8,492,423$4,580,026$3,791,348$7,665,009
65$9,321,042$4,766,839$3,880,751$8,320,782
66$10,232,996$4,961,622$3,971,964$9,039,928
67$11,236,748$5,164,727$4,065,010$9,828,815
68$12,341,621$5,376,525$4,159,914$10,694,456
69$13,557,892$5,597,399$4,256,696$11,644,578
70$14,896,881$5,827,756$4,355,379$12,687,690
71$16,371,064$6,068,017$4,455,985$13,833,171
72$17,994,186$6,318,624$4,558,535$15,091,350
73$19,781,395$6,580,038$4,663,048$16,473,607
74$21,749,381$6,852,744$4,769,543$17,992,480
75$23,916,536$7,137,246$4,878,041$19,661,783
76$26,303,125$7,434,073$4,988,558$21,496,736
77$28,931,480$7,743,779$5,101,110$23,514,106
78$31,826,208$8,066,941$5,215,715$25,732,368
79$35,014,425$8,404,166$5,332,385$28,171,878
80$38,526,012$8,756,086$5,451,136$30,855,063
81$42,393,895$9,123,363$5,571,978$33,806,637
82$46,654,356$9,506,691$5,694,923$37,053,825
83$51,347,376$9,906,796$5,819,979$40,626,631
84$56,517,015$10,324,435$5,947,155$44,558,112
85$62,211,821$10,760,403$6,076,455$48,884,692
86$68,485,294$11,215,530$6,207,884$53,646,506
87$75,396,390$11,690,687$6,341,444$58,887,779
88$83,010,074$12,186,782$6,477,134$64,657,243
89$91,397,935$12,704,769$6,614,952$71,008,592
90$100,638,866$13,245,643$6,754,894$78,000,996
91$110,819,798$13,810,448$6,896,951$85,699,652
92$122,036,533$14,400,275$7,041,114$94,176,403
93$134,394,637$15,016,267$7,187,370$103,510,414
94$148,010,445$15,659,619$7,335,702$113,788,920
95$163,012,154$16,331,583$7,486,091$125,108,045
96$179,541,033$17,033,470$7,638,514$137,573,716
97$197,752,759$17,766,651$7,792,945$151,302,654
98$217,818,886$18,532,562$7,949,354$166,423,482
99$239,928,460$19,332,706$8,107,706$183,077,935
100$264,289,811$20,168,657$8,267,962$201,422,196