Can I retire at age 53 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$179,197$177,600$176,043$174,523$173,039$167,903
2 years$88,711$87,059$85,458$83,905$82,399$77,268
3 years$58,553$56,894$55,297$53,759$52,278$47,311
4 years$43,477$41,823$40,242$38,730$37,285$32,521
5 years$34,434$32,790$31,229$29,749$28,343$23,796
6 years$28,407$26,775$25,238$23,790$22,427$18,099
7 years$24,104$22,486$20,973$19,559$18,239$14,131
8 years$20,878$19,275$17,787$16,408$15,131$11,241
9 years$18,370$16,782$15,320$13,976$12,743$9,065
10 years$16,365$14,793$13,356$12,047$10,857$7,388
11 years$14,726$13,169$11,758$10,485$9,338$6,071
12 years$13,361$11,820$10,435$9,196$8,092$5,021
13 years$12,207$10,682$9,323$8,119$7,056$4,174
14 years$11,218$9,709$8,377$7,207$6,185$3,484
15 years$10,362$8,870$7,563$6,428$5,446$2,919
16 years$9,614$8,138$6,857$5,755$4,813$2,452
17 years$8,954$7,494$6,240$5,171$4,268$2,065
18 years$8,369$6,925$5,696$4,660$3,795$1,742
19 years$7,846$6,418$5,215$4,211$3,382$1,472
20 years$7,375$5,964$4,786$3,814$3,021$1,246
21 years$6,950$5,555$4,402$3,461$2,704$1,055
22 years$6,564$5,186$4,057$3,147$2,423$895
23 years$6,212$4,850$3,746$2,866$2,175$759
24 years$5,890$4,544$3,464$2,614$1,955$645
25 years$5,595$4,265$3,209$2,387$1,759$548
26 years$5,322$4,008$2,976$2,183$1,585$466
27 years$5,070$3,772$2,763$1,998$1,429$396
28 years$4,836$3,554$2,569$1,831$1,289$337
29 years$4,619$3,353$2,391$1,679$1,164$287
30 years$4,417$3,167$2,227$1,541$1,052$244
31 years$4,228$2,994$2,076$1,415$951$208
32 years$4,052$2,832$1,937$1,300$860$177
33 years$3,886$2,682$1,808$1,196$779$151
34 years$3,731$2,542$1,690$1,100$705$128
35 years$3,584$2,411$1,580$1,013$638$109
36 years$3,446$2,289$1,478$933$578$93
37 years$3,316$2,174$1,383$859$524$79
38 years$3,193$2,066$1,295$792$475$68
39 years$3,077$1,964$1,214$730$431$58
40 years$2,967$1,869$1,138$674$391$49
41 years$2,862$1,779$1,067$622$355$42
42 years$2,763$1,694$1,001$574$322$36
43 years$2,668$1,614$939$530$292$30
44 years$2,578$1,539$881$489$265$26
45 years$2,493$1,467$827$452$241$22
46 years$2,411$1,400$777$417$219$19
47 years$2,333$1,336$730$385$198$16
48 years$2,258$1,275$686$356$180$14
49 years$2,187$1,218$645$329$164$12
50 years$2,119$1,163$606$304$149$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,170,000, adding $2,219 every year, while hoping to spend $20,043 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: 74/21/5 Blend
52$2,170,000$2,170,000$2,170,000$2,170,000
53$2,393,629$2,278,619$2,244,984$2,569,723
54$2,616,453$2,368,946$2,298,865$2,776,179
55$2,861,334$2,463,027$2,353,880$2,999,501
56$3,130,500$2,561,025$2,410,045$3,243,552
57$3,426,406$2,663,110$2,467,376$3,510,370
58$3,751,757$2,769,460$2,525,891$3,802,204
59$4,109,534$2,880,261$2,585,606$4,121,524
60$4,503,019$2,995,706$2,646,536$4,471,052
61$4,935,831$3,116,000$2,708,699$4,853,784
62$5,411,954$3,241,353$2,772,109$5,273,017
63$5,935,782$3,371,987$2,836,783$5,732,382
64$6,512,152$3,508,134$2,902,735$6,235,878
65$7,146,395$3,650,037$2,969,981$6,787,906
66$7,844,387$3,797,948$3,038,534$7,393,312
67$8,612,599$3,952,132$3,108,410$8,057,435
68$9,458,163$4,112,866$3,179,621$8,786,152
69$10,388,938$4,280,438$3,252,180$9,585,935
70$11,413,582$4,455,152$3,326,101$10,463,913
71$12,541,637$4,637,324$3,401,394$11,427,936
72$13,783,615$4,827,284$3,478,072$12,486,653
73$15,151,100$5,025,378$3,556,145$13,649,585
74$16,656,859$5,231,967$3,635,622$14,927,223
75$18,314,955$5,447,431$3,716,512$16,331,122
76$20,140,889$5,672,163$3,798,824$17,874,007
77$22,151,739$5,906,579$3,882,564$19,569,898
78$24,366,325$6,151,110$3,967,738$21,434,237
79$26,805,385$6,406,209$4,054,352$23,484,037
80$29,491,770$6,672,349$4,142,409$25,738,036
81$32,450,662$6,950,026$4,231,911$28,216,880
82$35,709,809$7,239,756$4,322,859$30,943,309
83$39,299,788$7,542,083$4,415,254$33,942,379
84$43,254,294$7,857,572$4,509,092$37,241,692
85$47,610,456$8,186,817$4,604,370$40,871,657
86$52,409,190$8,530,438$4,701,084$44,865,776
87$57,695,582$8,889,085$4,799,225$49,260,959
88$63,519,317$9,263,435$4,898,784$54,097,872
89$69,935,144$9,654,201$4,999,751$59,421,319
90$77,003,397$10,062,125$5,102,111$65,280,662
91$84,790,560$10,487,985$5,205,848$71,730,291
92$93,369,897$10,932,597$5,310,944$78,830,128
93$102,822,144$11,396,811$5,417,378$86,646,199
94$113,236,268$11,881,520$5,525,125$95,251,251
95$124,710,310$12,387,658$5,634,160$104,725,437
96$137,352,309$12,916,200$5,744,451$115,157,076
97$151,281,320$13,468,170$5,855,966$126,643,478
98$166,628,542$14,044,637$5,968,668$139,291,867
99$183,538,550$14,646,721$6,082,516$153,220,387
100$202,170,668$15,275,596$6,197,465$168,559,218