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%13.4%
1 years$179,197$177,600$176,043$174,523$173,039$170,594
2 years$88,711$87,059$85,458$83,905$82,399$79,941
3 years$58,553$56,894$55,297$53,759$52,278$49,882
4 years$43,477$41,823$40,242$38,730$37,285$34,970
5 years$34,434$32,790$31,229$29,749$28,343$26,117
6 years$28,407$26,775$25,238$23,790$22,427$20,291
7 years$24,104$22,486$20,973$19,559$18,239$16,195
8 years$20,878$19,275$17,787$16,408$15,131$13,178
9 years$18,370$16,782$15,320$13,976$12,743$10,880
10 years$16,365$14,793$13,356$12,047$10,857$9,083
11 years$14,726$13,169$11,758$10,485$9,338$7,651
12 years$13,361$11,820$10,435$9,196$8,092$6,490
13 years$12,207$10,682$9,323$8,119$7,056$5,537
14 years$11,218$9,709$8,377$7,207$6,185$4,747
15 years$10,362$8,870$7,563$6,428$5,446$4,086
16 years$9,614$8,138$6,857$5,755$4,813$3,529
17 years$8,954$7,494$6,240$5,171$4,268$3,056
18 years$8,369$6,925$5,696$4,660$3,795$2,653
19 years$7,846$6,418$5,215$4,211$3,382$2,308
20 years$7,375$5,964$4,786$3,814$3,021$2,011
21 years$6,950$5,555$4,402$3,461$2,704$1,755
22 years$6,564$5,186$4,057$3,147$2,423$1,534
23 years$6,212$4,850$3,746$2,866$2,175$1,342
24 years$5,890$4,544$3,464$2,614$1,955$1,175
25 years$5,595$4,265$3,209$2,387$1,759$1,030
26 years$5,322$4,008$2,976$2,183$1,585$904
27 years$5,070$3,772$2,763$1,998$1,429$793
28 years$4,836$3,554$2,569$1,831$1,289$697
29 years$4,619$3,353$2,391$1,679$1,164$612
30 years$4,417$3,167$2,227$1,541$1,052$538
31 years$4,228$2,994$2,076$1,415$951$473
32 years$4,052$2,832$1,937$1,300$860$416
33 years$3,886$2,682$1,808$1,196$779$366
34 years$3,731$2,542$1,690$1,100$705$322
35 years$3,584$2,411$1,580$1,013$638$284
36 years$3,446$2,289$1,478$933$578$250
37 years$3,316$2,174$1,383$859$524$220
38 years$3,193$2,066$1,295$792$475$194
39 years$3,077$1,964$1,214$730$431$171
40 years$2,967$1,869$1,138$674$391$150
41 years$2,862$1,779$1,067$622$355$133
42 years$2,763$1,694$1,001$574$322$117
43 years$2,668$1,614$939$530$292$103
44 years$2,578$1,539$881$489$265$91
45 years$2,493$1,467$827$452$241$80
46 years$2,411$1,400$777$417$219$71
47 years$2,333$1,336$730$385$198$62
48 years$2,258$1,275$686$356$180$55
49 years$2,187$1,218$645$329$164$48
50 years$2,119$1,163$606$304$149$43

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 $43,304 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: 43/32/25 Blend
52$2,170,000$2,170,000$2,170,000$2,170,000
53$2,395,219$2,280,209$2,246,574$2,480,615
54$2,593,457$2,345,865$2,275,760$2,607,524
55$2,810,463$2,413,285$2,304,471$2,740,503
56$3,048,106$2,482,513$2,332,647$2,883,733
57$3,308,446$2,553,588$2,360,223$3,038,185
58$3,593,746$2,626,553$2,387,130$3,204,931
59$3,906,505$2,701,451$2,413,295$3,385,148
60$4,249,470$2,778,323$2,438,642$3,580,134
61$4,625,669$2,857,214$2,463,090$3,791,318
62$5,038,437$2,938,168$2,486,553$4,020,271
63$5,491,447$3,021,228$2,508,942$4,268,728
64$5,988,746$3,106,439$2,530,163$4,538,595
65$6,534,790$3,193,847$2,550,116$4,831,974
66$7,134,489$3,283,496$2,568,695$5,151,180
67$7,793,252$3,375,432$2,585,791$5,498,762
68$8,517,037$3,469,701$2,601,288$5,877,531
69$9,312,407$3,566,349$2,615,064$6,290,579
70$10,186,593$3,665,421$2,626,989$6,741,316
71$11,147,563$3,766,964$2,636,931$7,233,497
72$12,204,093$3,871,023$2,644,746$7,771,262
73$13,365,853$3,977,646$2,650,287$8,359,168
74$14,643,495$4,086,876$2,653,398$9,002,239
75$16,048,758$4,198,760$2,653,913$9,706,011
76$17,594,575$4,313,342$2,651,662$10,476,582
77$19,295,193$4,430,667$2,646,465$11,320,673
78$21,166,313$4,550,780$2,638,131$12,245,689
79$23,225,231$4,673,722$2,626,463$13,259,790
80$25,491,008$4,799,538$2,611,253$14,371,969
81$27,984,643$4,928,268$2,592,282$15,592,134
82$30,729,276$5,059,952$2,569,323$16,931,205
83$33,750,403$5,194,631$2,542,136$18,401,216
84$37,076,117$5,332,340$2,510,470$20,015,426
85$40,737,373$5,473,118$2,474,064$21,788,449
86$44,768,282$5,616,998$2,432,642$23,736,388
87$49,206,429$5,764,012$2,385,917$25,876,991
88$54,093,227$5,914,191$2,333,588$28,229,815
89$59,474,312$6,067,563$2,275,339$30,816,413
90$65,399,971$6,224,152$2,210,842$33,660,537
91$71,925,615$6,383,982$2,139,752$36,788,363
92$79,112,301$6,547,071$2,061,707$40,228,738
93$87,027,314$6,713,435$1,976,332$44,013,452
94$95,744,792$6,883,086$1,883,232$48,177,541
95$105,346,436$7,056,032$1,781,994$52,759,614
96$115,922,270$7,232,276$1,672,190$57,802,221
97$127,571,501$7,411,816$1,553,367$63,352,255
98$140,403,445$7,594,647$1,425,056$69,461,395
99$154,538,567$7,780,755$1,286,766$76,186,591
100$170,109,611$7,970,122$1,137,983$83,590,610