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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$179,197$177,600$176,043$174,523$173,039$169,131
2 years$88,711$87,059$85,458$83,905$82,399$78,483
3 years$58,553$56,894$55,297$53,759$52,278$48,475
4 years$43,477$41,823$40,242$38,730$37,285$33,626
5 years$34,434$32,790$31,229$29,749$28,343$24,838
6 years$28,407$26,775$25,238$23,790$22,427$19,079
7 years$24,104$22,486$20,973$19,559$18,239$15,049
8 years$20,878$19,275$17,787$16,408$15,131$12,097
9 years$18,370$16,782$15,320$13,976$12,743$9,863
10 years$16,365$14,793$13,356$12,047$10,857$8,129
11 years$14,726$13,169$11,758$10,485$9,338$6,757
12 years$13,361$11,820$10,435$9,196$8,092$5,655
13 years$12,207$10,682$9,323$8,119$7,056$4,758
14 years$11,218$9,709$8,377$7,207$6,185$4,021
15 years$10,362$8,870$7,563$6,428$5,446$3,412
16 years$9,614$8,138$6,857$5,755$4,813$2,903
17 years$8,954$7,494$6,240$5,171$4,268$2,477
18 years$8,369$6,925$5,696$4,660$3,795$2,117
19 years$7,846$6,418$5,215$4,211$3,382$1,814
20 years$7,375$5,964$4,786$3,814$3,021$1,556
21 years$6,950$5,555$4,402$3,461$2,704$1,336
22 years$6,564$5,186$4,057$3,147$2,423$1,149
23 years$6,212$4,850$3,746$2,866$2,175$989
24 years$5,890$4,544$3,464$2,614$1,955$852
25 years$5,595$4,265$3,209$2,387$1,759$735
26 years$5,322$4,008$2,976$2,183$1,585$634
27 years$5,070$3,772$2,763$1,998$1,429$547
28 years$4,836$3,554$2,569$1,831$1,289$472
29 years$4,619$3,353$2,391$1,679$1,164$408
30 years$4,417$3,167$2,227$1,541$1,052$352
31 years$4,228$2,994$2,076$1,415$951$304
32 years$4,052$2,832$1,937$1,300$860$263
33 years$3,886$2,682$1,808$1,196$779$228
34 years$3,731$2,542$1,690$1,100$705$197
35 years$3,584$2,411$1,580$1,013$638$170
36 years$3,446$2,289$1,478$933$578$147
37 years$3,316$2,174$1,383$859$524$127
38 years$3,193$2,066$1,295$792$475$110
39 years$3,077$1,964$1,214$730$431$95
40 years$2,967$1,869$1,138$674$391$83
41 years$2,862$1,779$1,067$622$355$71
42 years$2,763$1,694$1,001$574$322$62
43 years$2,668$1,614$939$530$292$54
44 years$2,578$1,539$881$489$265$46
45 years$2,493$1,467$827$452$241$40
46 years$2,411$1,400$777$417$219$35
47 years$2,333$1,336$730$385$198$30
48 years$2,258$1,275$686$356$180$26
49 years$2,187$1,218$645$329$164$23
50 years$2,119$1,163$606$304$149$19

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 $4,994 every year, while hoping to spend $50,993 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: 61/13/26 Blend
52$2,170,000$2,170,000$2,170,000$2,170,000
53$2,396,491$2,281,481$2,247,846$2,525,716
54$2,586,677$2,339,018$2,268,893$2,671,656
55$2,794,553$2,397,664$2,288,936$2,824,910
56$3,021,869$2,457,422$2,307,887$2,991,094
57$3,270,554$2,518,289$2,325,655$3,171,480
58$3,542,728$2,580,263$2,342,142$3,367,468
59$3,840,729$2,643,339$2,357,246$3,580,600
60$4,167,130$2,707,509$2,370,861$3,812,577
61$4,524,766$2,772,766$2,382,874$4,065,273
62$4,916,757$2,839,096$2,393,165$4,340,753
63$5,346,541$2,906,487$2,401,611$4,641,291
64$5,817,904$2,974,920$2,408,080$4,969,396
65$6,335,015$3,044,376$2,412,436$5,327,830
66$6,902,468$3,114,832$2,414,533$5,719,641
67$7,525,321$3,186,260$2,414,221$6,148,183
68$8,209,147$3,258,630$2,411,341$6,617,158
69$8,960,085$3,331,908$2,405,727$7,130,642
70$9,784,898$3,406,055$2,397,202$7,693,129
71$10,691,034$3,481,029$2,385,585$8,309,571
72$11,686,700$3,556,780$2,370,683$8,985,428
73$12,780,938$3,633,256$2,352,295$9,726,715
74$13,983,707$3,710,399$2,330,211$10,540,064
75$15,305,980$3,788,144$2,304,208$11,432,783
76$16,759,848$3,866,421$2,274,056$12,412,928
77$18,358,628$3,945,152$2,239,513$13,489,376
78$20,116,997$4,024,252$2,200,325$14,671,913
79$22,051,121$4,103,631$2,156,227$15,971,323
80$24,178,815$4,183,189$2,106,940$17,399,494
81$26,519,706$4,262,817$2,052,174$18,969,526
82$29,095,419$4,342,398$1,991,626$20,695,860
83$31,929,783$4,421,806$1,924,975$22,594,410
84$35,049,050$4,500,904$1,851,891$24,682,716
85$38,482,149$4,579,544$1,772,026$26,980,112
86$42,260,954$4,657,567$1,685,014$29,507,906
87$46,420,586$4,734,803$1,590,477$32,289,580
88$50,999,745$4,811,068$1,488,017$35,351,017
89$56,041,072$4,886,163$1,377,219$38,720,746
90$61,591,554$4,959,878$1,257,649$42,430,205
91$67,702,965$5,031,985$1,128,853$46,514,046
92$74,432,357$5,102,241$990,358$51,010,459
93$81,842,592$5,170,386$841,670$55,961,536
94$90,002,943$5,236,141$682,273$61,413,665
95$98,989,740$5,299,209$511,626$67,417,973
96$108,887,095$5,359,272$329,167$74,030,806
97$119,787,693$5,415,991$134,308$81,314,267
98$131,793,667$5,469,003$0$89,336,796
99$145,017,560$5,517,924$0$98,194,253
100$159,583,390$5,562,341$0$107,990,432