Can I retire at age 53 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$220,486$218,522$216,606$214,736$212,910$206,425
2 years$109,152$107,119$105,149$103,238$101,385$94,908
3 years$72,045$70,003$68,038$66,146$64,323$58,056
4 years$53,495$51,460$49,514$47,654$45,876$39,867
5 years$42,368$40,345$38,425$36,603$34,874$29,140
6 years$34,953$32,945$31,053$29,272$27,595$22,140
7 years$29,658$27,667$25,805$24,066$22,442$17,266
8 years$25,689$23,716$21,885$20,188$18,618$13,718
9 years$22,603$20,649$18,850$17,196$15,679$11,050
10 years$20,136$18,201$16,433$14,823$13,359$8,995
11 years$18,119$16,203$14,468$12,901$11,489$7,381
12 years$16,439$14,543$12,840$11,316$9,956$6,096
13 years$15,019$13,143$11,471$9,990$8,682$5,061
14 years$13,803$11,946$10,307$8,868$7,611$4,219
15 years$12,750$10,913$9,306$7,909$6,701$3,530
16 years$11,829$10,013$8,437$7,081$5,922$2,961
17 years$11,018$9,221$7,678$6,362$5,251$2,489
18 years$10,297$8,521$7,009$5,734$4,669$2,097
19 years$9,653$7,897$6,416$5,181$4,162$1,769
20 years$9,074$7,338$5,888$4,692$3,717$1,495
21 years$8,552$6,835$5,416$4,259$3,327$1,265
22 years$8,077$6,381$4,992$3,872$2,982$1,071
23 years$7,644$5,968$4,609$3,526$2,677$907
24 years$7,248$5,591$4,263$3,216$2,406$769
25 years$6,884$5,247$3,948$2,937$2,165$653
26 years$6,548$4,931$3,662$2,686$1,950$554
27 years$6,238$4,641$3,400$2,458$1,758$470
28 years$5,951$4,373$3,161$2,252$1,586$399
29 years$5,684$4,126$2,941$2,065$1,432$339
30 years$5,435$3,896$2,740$1,896$1,294$288
31 years$5,203$3,683$2,554$1,741$1,170$245
32 years$4,985$3,485$2,383$1,600$1,059$208
33 years$4,782$3,300$2,225$1,471$958$177
34 years$4,590$3,128$2,079$1,354$867$151
35 years$4,410$2,967$1,944$1,246$786$128
36 years$4,241$2,816$1,818$1,148$712$109
37 years$4,080$2,675$1,702$1,057$645$93
38 years$3,929$2,542$1,594$975$585$79
39 years$3,786$2,417$1,493$899$530$67
40 years$3,650$2,300$1,400$829$481$57
41 years$3,522$2,189$1,312$765$436$49
42 years$3,399$2,085$1,231$706$396$41
43 years$3,283$1,986$1,155$652$359$35
44 years$3,172$1,893$1,084$602$326$30
45 years$3,067$1,806$1,018$556$296$25
46 years$2,966$1,722$956$513$269$22
47 years$2,870$1,644$898$474$244$18
48 years$2,779$1,569$844$438$222$16
49 years$2,691$1,498$794$405$201$13
50 years$2,607$1,431$746$374$183$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,670,000, adding $6,230 every year, while hoping to spend $30,616 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: 55/33/12 Blend
52$2,670,000$2,670,000$2,670,000$2,670,000
53$2,948,766$2,807,256$2,765,871$3,101,568
54$3,216,965$2,912,237$2,825,953$3,310,891
55$3,511,494$3,021,335$2,887,021$3,534,824
56$3,835,007$3,134,721$2,949,076$3,777,933
57$4,190,426$3,252,570$3,012,119$4,042,050
58$4,580,972$3,375,069$3,076,147$4,329,192
59$5,010,192$3,502,408$3,141,159$4,641,574
60$5,481,994$3,634,788$3,207,150$4,981,635
61$6,000,684$3,772,419$3,274,116$5,352,056
62$6,571,005$3,915,519$3,342,050$5,755,787
63$7,198,184$4,064,316$3,410,945$6,196,074
64$7,887,978$4,219,047$3,480,792$6,676,488
65$8,646,733$4,379,961$3,551,579$7,200,958
66$9,481,437$4,547,317$3,623,295$7,773,810
67$10,399,792$4,721,384$3,695,923$8,399,803
68$11,410,284$4,902,445$3,769,450$9,084,176
69$12,522,262$5,090,793$3,843,855$9,832,695
70$13,746,028$5,286,737$3,919,119$10,651,708
71$15,092,932$5,490,597$3,995,220$11,548,204
72$16,575,482$5,702,707$4,072,130$12,529,875
73$18,207,459$5,923,418$4,149,825$13,605,192
74$20,004,048$6,153,093$4,228,272$14,783,481
75$21,981,981$6,392,115$4,307,439$16,075,012
76$24,159,695$6,640,880$4,387,290$17,491,093
77$26,557,505$6,899,805$4,467,786$19,044,176
78$29,197,799$7,169,324$4,548,885$20,747,975
79$32,105,242$7,449,888$4,630,540$22,617,591
80$35,307,016$7,741,972$4,712,703$24,669,657
81$38,833,073$8,046,070$4,795,320$26,922,491
82$42,716,417$8,362,699$4,878,334$29,396,269
83$46,993,417$8,692,396$4,961,683$32,113,214
84$51,704,149$9,035,727$5,045,303$35,097,802
85$56,892,774$9,393,279$5,129,122$38,376,995
86$62,607,954$9,765,667$5,213,065$41,980,491
87$68,903,314$10,153,534$5,297,052$45,941,004
88$75,837,946$10,557,550$5,380,996$50,294,571
89$83,476,965$10,978,419$5,464,808$55,080,891
90$91,892,125$11,416,871$5,548,389$60,343,697
91$101,162,498$11,873,674$5,631,636$66,131,165
92$111,375,217$12,349,628$5,714,440$72,496,370
93$122,626,298$12,845,568$5,796,682$79,497,784
94$135,021,550$13,362,371$5,878,241$87,199,825
95$148,677,569$13,900,948$5,958,983$95,673,462
96$163,722,843$14,462,257$6,038,771$104,996,885
97$180,298,960$15,047,294$6,117,457$115,256,239
98$198,561,947$15,657,105$6,194,885$126,546,434
99$218,683,743$16,292,780$6,270,891$138,972,038
100$240,853,818$16,955,460$6,345,299$152,648,265