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%15.9%
1 years$220,486$218,522$216,606$214,736$212,910$207,763
2 years$109,152$107,119$105,149$103,238$101,385$96,231
3 years$72,045$70,003$68,038$66,146$64,323$59,322
4 years$53,495$51,460$49,514$47,654$45,876$41,067
5 years$42,368$40,345$38,425$36,603$34,874$30,270
6 years$34,953$32,945$31,053$29,272$27,595$23,201
7 years$29,658$27,667$25,805$24,066$22,442$18,259
8 years$25,689$23,716$21,885$20,188$18,618$14,644
9 years$22,603$20,649$18,850$17,196$15,679$11,910
10 years$20,136$18,201$16,433$14,823$13,359$9,792
11 years$18,119$16,203$14,468$12,901$11,489$8,119
12 years$16,439$14,543$12,840$11,316$9,956$6,776
13 years$15,019$13,143$11,471$9,990$8,682$5,687
14 years$13,803$11,946$10,307$8,868$7,611$4,793
15 years$12,750$10,913$9,306$7,909$6,701$4,055
16 years$11,829$10,013$8,437$7,081$5,922$3,441
17 years$11,018$9,221$7,678$6,362$5,251$2,927
18 years$10,297$8,521$7,009$5,734$4,669$2,495
19 years$9,653$7,897$6,416$5,181$4,162$2,131
20 years$9,074$7,338$5,888$4,692$3,717$1,822
21 years$8,552$6,835$5,416$4,259$3,327$1,560
22 years$8,077$6,381$4,992$3,872$2,982$1,338
23 years$7,644$5,968$4,609$3,526$2,677$1,148
24 years$7,248$5,591$4,263$3,216$2,406$986
25 years$6,884$5,247$3,948$2,937$2,165$847
26 years$6,548$4,931$3,662$2,686$1,950$728
27 years$6,238$4,641$3,400$2,458$1,758$626
28 years$5,951$4,373$3,161$2,252$1,586$539
29 years$5,684$4,126$2,941$2,065$1,432$464
30 years$5,435$3,896$2,740$1,896$1,294$400
31 years$5,203$3,683$2,554$1,741$1,170$344
32 years$4,985$3,485$2,383$1,600$1,059$297
33 years$4,782$3,300$2,225$1,471$958$256
34 years$4,590$3,128$2,079$1,354$867$220
35 years$4,410$2,967$1,944$1,246$786$190
36 years$4,241$2,816$1,818$1,148$712$164
37 years$4,080$2,675$1,702$1,057$645$141
38 years$3,929$2,542$1,594$975$585$122
39 years$3,786$2,417$1,493$899$530$105
40 years$3,650$2,300$1,400$829$481$91
41 years$3,522$2,189$1,312$765$436$78
42 years$3,399$2,085$1,231$706$396$67
43 years$3,283$1,986$1,155$652$359$58
44 years$3,172$1,893$1,084$602$326$50
45 years$3,067$1,806$1,018$556$296$43
46 years$2,966$1,722$956$513$269$37
47 years$2,870$1,644$898$474$244$32
48 years$2,779$1,569$844$438$222$28
49 years$2,691$1,498$794$405$201$24
50 years$2,607$1,431$746$374$183$21

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 $4,821 every year, while hoping to spend $22,293 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: 45/43/12 Blend
52$2,670,000$2,670,000$2,670,000$2,670,000
53$2,947,313$2,805,803$2,764,418$3,069,676
54$3,224,219$2,919,568$2,833,306$3,268,890
55$3,528,623$3,038,160$2,903,755$3,482,127
56$3,863,305$3,161,792$2,975,794$3,712,852
57$4,231,330$3,290,687$3,049,450$3,962,688
58$4,636,073$3,425,079$3,124,754$4,233,417
59$5,081,254$3,565,209$3,201,735$4,526,998
60$5,570,971$3,711,334$3,280,423$4,845,582
61$6,109,739$3,863,718$3,360,846$5,191,531
62$6,702,533$4,022,641$3,443,035$5,567,442
63$7,354,835$4,188,394$3,527,020$5,976,169
64$8,072,684$4,361,281$3,612,831$6,420,846
65$8,862,734$4,541,620$3,700,498$6,904,923
66$9,732,319$4,729,746$3,790,050$7,432,189
67$10,689,517$4,926,005$3,881,519$8,006,811
68$11,743,232$5,130,763$3,974,933$8,633,372
69$12,903,272$5,344,400$4,070,323$9,316,914
70$14,180,446$5,567,316$4,167,720$10,062,979
71$15,586,664$5,799,928$4,267,151$10,877,665
72$17,135,051$6,042,672$4,368,648$11,767,682
73$18,840,068$6,296,004$4,472,239$12,740,411
74$20,717,650$6,560,403$4,577,954$13,803,972
75$22,785,355$6,836,368$4,685,821$14,967,303
76$25,062,534$7,124,422$4,795,868$16,240,239
77$27,570,506$7,425,113$4,908,124$17,633,601
78$30,332,767$7,739,013$5,022,615$19,159,305
79$33,375,205$8,066,721$5,139,369$20,830,461
80$36,726,350$8,408,864$5,258,412$22,661,503
81$40,417,639$8,766,099$5,379,769$24,668,320
82$44,483,712$9,139,112$5,503,466$26,868,405
83$48,962,745$9,528,622$5,629,526$29,281,014
84$53,896,802$9,935,382$5,757,972$31,927,350
85$59,332,238$10,360,178$5,888,827$34,830,759
86$65,320,135$10,803,835$6,022,111$38,016,946
87$71,916,782$11,267,216$6,157,844$41,514,217
88$79,184,207$11,751,223$6,296,046$45,353,741
89$87,190,765$12,256,802$6,436,732$49,569,845
90$96,011,779$12,784,942$6,579,919$54,200,329
91$105,730,255$13,336,679$6,725,621$59,286,825
92$116,437,662$13,913,096$6,873,850$64,875,184
93$128,234,796$14,515,331$7,024,616$71,015,903
94$141,232,734$15,144,570$7,177,929$77,764,603
95$155,553,877$15,802,059$7,333,795$85,182,545
96$171,333,113$16,489,100$7,492,217$93,337,208
97$188,719,082$17,207,057$7,653,198$102,302,919
98$207,875,584$17,957,359$7,816,736$112,161,551
99$228,983,125$18,741,502$7,982,828$123,003,290
100$252,240,619$19,561,050$8,151,468$134,927,484