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%11.1%
1 years$179,197$177,600$176,043$174,523$173,039$172,237
2 years$88,711$87,059$85,458$83,905$82,399$81,590
3 years$58,553$56,894$55,297$53,759$52,278$51,486
4 years$43,477$41,823$40,242$38,730$37,285$36,517
5 years$34,434$32,790$31,229$29,749$28,343$27,601
6 years$28,407$26,775$25,238$23,790$22,427$21,712
7 years$24,104$22,486$20,973$19,559$18,239$17,551
8 years$20,878$19,275$17,787$16,408$15,131$14,470
9 years$18,370$16,782$15,320$13,976$12,743$12,109
10 years$16,365$14,793$13,356$12,047$10,857$10,251
11 years$14,726$13,169$11,758$10,485$9,338$8,757
12 years$13,361$11,820$10,435$9,196$8,092$7,537
13 years$12,207$10,682$9,323$8,119$7,056$6,527
14 years$11,218$9,709$8,377$7,207$6,185$5,681
15 years$10,362$8,870$7,563$6,428$5,446$4,966
16 years$9,614$8,138$6,857$5,755$4,813$4,357
17 years$8,954$7,494$6,240$5,171$4,268$3,834
18 years$8,369$6,925$5,696$4,660$3,795$3,383
19 years$7,846$6,418$5,215$4,211$3,382$2,993
20 years$7,375$5,964$4,786$3,814$3,021$2,652
21 years$6,950$5,555$4,402$3,461$2,704$2,354
22 years$6,564$5,186$4,057$3,147$2,423$2,093
23 years$6,212$4,850$3,746$2,866$2,175$1,864
24 years$5,890$4,544$3,464$2,614$1,955$1,662
25 years$5,595$4,265$3,209$2,387$1,759$1,483
26 years$5,322$4,008$2,976$2,183$1,585$1,324
27 years$5,070$3,772$2,763$1,998$1,429$1,184
28 years$4,836$3,554$2,569$1,831$1,289$1,059
29 years$4,619$3,353$2,391$1,679$1,164$948
30 years$4,417$3,167$2,227$1,541$1,052$849
31 years$4,228$2,994$2,076$1,415$951$761
32 years$4,052$2,832$1,937$1,300$860$682
33 years$3,886$2,682$1,808$1,196$779$612
34 years$3,731$2,542$1,690$1,100$705$549
35 years$3,584$2,411$1,580$1,013$638$493
36 years$3,446$2,289$1,478$933$578$442
37 years$3,316$2,174$1,383$859$524$397
38 years$3,193$2,066$1,295$792$475$357
39 years$3,077$1,964$1,214$730$431$320
40 years$2,967$1,869$1,138$674$391$288
41 years$2,862$1,779$1,067$622$355$259
42 years$2,763$1,694$1,001$574$322$233
43 years$2,668$1,614$939$530$292$209
44 years$2,578$1,539$881$489$265$188
45 years$2,493$1,467$827$452$241$169
46 years$2,411$1,400$777$417$219$152
47 years$2,333$1,336$730$385$198$137
48 years$2,258$1,275$686$356$180$123
49 years$2,187$1,218$645$329$164$111
50 years$2,119$1,163$606$304$149$100

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 $3,761 every year, while hoping to spend $41,553 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: 36/42/22 Blend
52$2,170,000$2,170,000$2,170,000$2,170,000
53$2,395,219$2,280,209$2,246,574$2,465,399
54$2,595,320$2,347,728$2,277,623$2,584,699
55$2,814,438$2,417,162$2,308,318$2,709,288
56$3,054,469$2,488,561$2,338,606$2,842,950
57$3,317,502$2,561,978$2,368,426$2,986,522
58$3,605,835$2,637,463$2,397,716$3,140,926
59$3,922,002$2,715,070$2,426,412$3,307,175
60$4,268,792$2,794,854$2,454,442$3,486,383
61$4,649,277$2,876,870$2,481,734$3,679,777
62$5,066,841$2,961,174$2,508,210$3,888,707
63$5,525,211$3,047,825$2,533,787$4,114,659
64$6,028,494$3,136,880$2,558,381$4,359,269
65$6,581,214$3,228,400$2,581,899$4,624,335
66$7,188,351$3,322,445$2,604,247$4,911,841
67$7,855,396$3,419,078$2,625,322$5,223,968
68$8,588,395$3,518,361$2,645,019$5,563,120
69$9,394,010$3,620,360$2,663,226$5,931,941
70$10,279,581$3,725,139$2,679,826$6,333,345
71$11,253,192$3,832,765$2,694,693$6,770,542
72$12,323,751$3,943,304$2,707,700$7,247,066
73$13,501,075$4,056,827$2,718,708$7,766,810
74$14,795,974$4,173,401$2,727,575$8,334,061
75$16,220,364$4,293,098$2,734,149$8,953,543
76$17,787,370$4,415,989$2,738,272$9,630,459
77$19,511,455$4,542,146$2,739,778$10,370,541
78$21,408,555$4,671,642$2,738,492$11,180,104
79$23,496,228$4,804,553$2,734,231$12,066,104
80$25,793,819$4,940,952$2,726,804$13,036,206
81$28,322,645$5,080,915$2,716,008$14,098,854
82$31,106,194$5,224,519$2,701,634$15,263,352
83$34,170,346$5,371,841$2,683,459$16,539,951
84$37,543,618$5,522,958$2,661,251$17,939,947
85$41,257,432$5,677,948$2,634,769$19,475,785
86$45,346,414$5,836,891$2,603,757$21,161,176
87$49,848,714$5,999,864$2,567,949$23,011,233
88$54,806,373$6,166,948$2,527,065$25,042,604
89$60,265,716$6,338,221$2,480,815$27,273,637
90$66,277,788$6,513,763$2,428,891$29,724,547
91$72,898,838$6,693,653$2,370,974$32,417,613
92$80,190,847$6,877,970$2,306,730$35,377,382
93$88,222,116$7,066,793$2,235,808$38,630,905
94$97,067,906$7,260,201$2,157,842$42,207,993
95$106,811,152$7,458,269$2,072,449$46,141,494
96$117,543,241$7,661,077$1,979,228$50,467,607
97$129,364,880$7,868,698$1,877,761$55,226,222
98$142,387,042$8,081,208$1,767,609$60,461,299
99$156,732,013$8,298,680$1,648,317$66,221,278
100$172,534,548$8,521,185$1,519,405$72,559,544