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%18.4%
1 years$179,197$177,600$176,043$174,523$173,039$167,165
2 years$88,711$87,059$85,458$83,905$82,399$76,541
3 years$58,553$56,894$55,297$53,759$52,278$46,618
4 years$43,477$41,823$40,242$38,730$37,285$31,867
5 years$34,434$32,790$31,229$29,749$28,343$23,182
6 years$28,407$26,775$25,238$23,790$22,427$17,527
7 years$24,104$22,486$20,973$19,559$18,239$13,599
8 years$20,878$19,275$17,787$16,408$15,131$10,747
9 years$18,370$16,782$15,320$13,976$12,743$8,609
10 years$16,365$14,793$13,356$12,047$10,857$6,968
11 years$14,726$13,169$11,758$10,485$9,338$5,685
12 years$13,361$11,820$10,435$9,196$8,092$4,668
13 years$12,207$10,682$9,323$8,119$7,056$3,851
14 years$11,218$9,709$8,377$7,207$6,185$3,191
15 years$10,362$8,870$7,563$6,428$5,446$2,652
16 years$9,614$8,138$6,857$5,755$4,813$2,210
17 years$8,954$7,494$6,240$5,171$4,268$1,846
18 years$8,369$6,925$5,696$4,660$3,795$1,545
19 years$7,846$6,418$5,215$4,211$3,382$1,295
20 years$7,375$5,964$4,786$3,814$3,021$1,086
21 years$6,950$5,555$4,402$3,461$2,704$913
22 years$6,564$5,186$4,057$3,147$2,423$767
23 years$6,212$4,850$3,746$2,866$2,175$645
24 years$5,890$4,544$3,464$2,614$1,955$543
25 years$5,595$4,265$3,209$2,387$1,759$458
26 years$5,322$4,008$2,976$2,183$1,585$386
27 years$5,070$3,772$2,763$1,998$1,429$325
28 years$4,836$3,554$2,569$1,831$1,289$274
29 years$4,619$3,353$2,391$1,679$1,164$231
30 years$4,417$3,167$2,227$1,541$1,052$195
31 years$4,228$2,994$2,076$1,415$951$165
32 years$4,052$2,832$1,937$1,300$860$139
33 years$3,886$2,682$1,808$1,196$779$117
34 years$3,731$2,542$1,690$1,100$705$99
35 years$3,584$2,411$1,580$1,013$638$84
36 years$3,446$2,289$1,478$933$578$71
37 years$3,316$2,174$1,383$859$524$60
38 years$3,193$2,066$1,295$792$475$50
39 years$3,077$1,964$1,214$730$431$42
40 years$2,967$1,869$1,138$674$391$36
41 years$2,862$1,779$1,067$622$355$30
42 years$2,763$1,694$1,001$574$322$26
43 years$2,668$1,614$939$530$292$22
44 years$2,578$1,539$881$489$265$18
45 years$2,493$1,467$827$452$241$15
46 years$2,411$1,400$777$417$219$13
47 years$2,333$1,336$730$385$198$11
48 years$2,258$1,275$686$356$180$9
49 years$2,187$1,218$645$329$164$8
50 years$2,119$1,163$606$304$149$7

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 $6,184 every year, while hoping to spend $49,311 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: 52/36/12 Blend
52$2,170,000$2,170,000$2,170,000$2,170,000
53$2,397,719$2,282,709$2,249,074$2,514,485
54$2,589,820$2,342,095$2,271,951$2,654,226
55$2,799,862$2,402,738$2,293,942$2,800,340
56$3,029,624$2,464,649$2,314,965$2,958,118
57$3,281,063$2,527,834$2,334,934$3,128,672
58$3,556,335$2,592,302$2,353,758$3,313,229
59$3,857,814$2,658,057$2,371,342$3,513,141
60$4,188,114$2,725,105$2,387,585$3,729,895
61$4,550,114$2,793,447$2,402,381$3,965,127
62$4,946,984$2,863,085$2,415,620$4,220,643
63$5,382,217$2,934,016$2,427,183$4,498,428
64$5,859,659$3,006,239$2,436,950$4,800,670
65$6,383,546$3,079,747$2,444,790$5,129,779
66$6,958,546$3,154,532$2,450,568$5,488,408
67$7,589,797$3,230,584$2,454,141$5,879,483
68$8,282,963$3,307,888$2,455,361$6,306,224
69$9,044,280$3,386,430$2,454,071$6,772,180
70$9,880,619$3,466,188$2,450,106$7,281,261
71$10,799,551$3,547,140$2,443,293$7,837,774
72$11,809,414$3,629,259$2,433,452$8,446,466
73$12,919,395$3,712,513$2,420,393$9,112,565
74$14,139,614$3,796,867$2,403,917$9,841,835
75$15,481,223$3,882,281$2,383,816$10,640,623
76$16,956,506$3,968,711$2,359,872$11,515,925
77$18,578,997$4,056,106$2,331,856$12,475,452
78$20,363,611$4,144,411$2,299,529$13,527,697
79$22,326,776$4,233,564$2,262,640$14,682,021
80$24,486,595$4,323,496$2,220,926$15,948,741
81$26,863,014$4,414,134$2,174,113$17,339,223
82$29,478,009$4,505,395$2,121,914$18,865,995
83$32,355,796$4,597,189$2,064,028$20,542,862
84$35,523,054$4,689,418$2,000,140$22,385,038
85$39,009,182$4,781,976$1,929,921$24,409,287
86$42,846,573$4,874,747$1,853,028$26,634,085
87$47,070,918$4,967,605$1,769,099$29,079,795
88$51,721,548$5,060,413$1,677,760$31,768,856
89$56,841,798$5,153,026$1,578,617$34,725,997
90$62,479,420$5,245,283$1,471,260$37,978,471
91$68,687,032$5,337,012$1,355,258$41,556,312
92$75,522,614$5,428,031$1,230,163$45,492,621
93$83,050,054$5,518,138$1,095,508$49,823,875
94$91,339,753$5,607,121$950,801$54,590,275
95$100,469,288$5,694,749$795,533$59,836,126
96$110,524,141$5,780,777$629,169$65,610,254
97$121,598,509$5,864,941$451,151$71,966,470
98$133,796,191$5,946,957$260,899$78,964,076
99$147,231,567$6,026,523$57,804$86,668,426
100$162,030,679$6,103,315$0$95,151,548