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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$220,486$218,522$216,606$214,736$212,910$205,111
2 years$109,152$107,119$105,149$103,238$101,385$93,615
3 years$72,045$70,003$68,038$66,146$64,323$56,826
4 years$53,495$51,460$49,514$47,654$45,876$38,708
5 years$42,368$40,345$38,425$36,603$34,874$28,055
6 years$34,953$32,945$31,053$29,272$27,595$21,129
7 years$29,658$27,667$25,805$24,066$22,442$16,329
8 years$25,689$23,716$21,885$20,188$18,618$12,851
9 years$22,603$20,649$18,850$17,196$15,679$10,251
10 years$20,136$18,201$16,433$14,823$13,359$8,260
11 years$18,119$16,203$14,468$12,901$11,489$6,709
12 years$16,439$14,543$12,840$11,316$9,956$5,482
13 years$15,019$13,143$11,471$9,990$8,682$4,502
14 years$13,803$11,946$10,307$8,868$7,611$3,712
15 years$12,750$10,913$9,306$7,909$6,701$3,070
16 years$11,829$10,013$8,437$7,081$5,922$2,546
17 years$11,018$9,221$7,678$6,362$5,251$2,115
18 years$10,297$8,521$7,009$5,734$4,669$1,761
19 years$9,653$7,897$6,416$5,181$4,162$1,468
20 years$9,074$7,338$5,888$4,692$3,717$1,225
21 years$8,552$6,835$5,416$4,259$3,327$1,023
22 years$8,077$6,381$4,992$3,872$2,982$856
23 years$7,644$5,968$4,609$3,526$2,677$716
24 years$7,248$5,591$4,263$3,216$2,406$599
25 years$6,884$5,247$3,948$2,937$2,165$502
26 years$6,548$4,931$3,662$2,686$1,950$421
27 years$6,238$4,641$3,400$2,458$1,758$353
28 years$5,951$4,373$3,161$2,252$1,586$296
29 years$5,684$4,126$2,941$2,065$1,432$248
30 years$5,435$3,896$2,740$1,896$1,294$208
31 years$5,203$3,683$2,554$1,741$1,170$174
32 years$4,985$3,485$2,383$1,600$1,059$146
33 years$4,782$3,300$2,225$1,471$958$123
34 years$4,590$3,128$2,079$1,354$867$103
35 years$4,410$2,967$1,944$1,246$786$87
36 years$4,241$2,816$1,818$1,148$712$73
37 years$4,080$2,675$1,702$1,057$645$61
38 years$3,929$2,542$1,594$975$585$51
39 years$3,786$2,417$1,493$899$530$43
40 years$3,650$2,300$1,400$829$481$36
41 years$3,522$2,189$1,312$765$436$30
42 years$3,399$2,085$1,231$706$396$25
43 years$3,283$1,986$1,155$652$359$21
44 years$3,172$1,893$1,084$602$326$18
45 years$3,067$1,806$1,018$556$296$15
46 years$2,966$1,722$956$513$269$13
47 years$2,870$1,644$898$474$244$11
48 years$2,779$1,569$844$438$222$9
49 years$2,691$1,498$794$405$201$7
50 years$2,607$1,431$746$374$183$6

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 $4,018 every year, while hoping to spend $55,943 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: 67/17/16 Blend
52$2,670,000$2,670,000$2,670,000$2,670,000
53$2,946,485$2,804,975$2,763,590$3,132,366
54$3,187,503$2,882,895$2,796,647$3,334,904
55$3,451,230$2,962,759$2,828,937$3,549,360
56$3,739,924$3,044,603$2,860,374$3,782,466
57$4,056,069$3,128,461$2,890,870$4,036,050
58$4,402,404$3,214,371$2,920,329$4,312,123
59$4,781,942$3,302,368$2,948,653$4,612,901
60$5,198,003$3,392,487$2,975,736$4,940,825
61$5,654,244$3,484,764$3,001,468$5,298,582
62$6,154,692$3,579,233$3,025,732$5,689,133
63$6,703,783$3,675,927$3,048,407$6,115,739
64$7,306,402$3,774,881$3,069,362$6,581,992
65$7,967,932$3,876,127$3,088,462$7,091,849
66$8,694,301$3,979,697$3,105,565$7,649,670
67$9,492,039$4,085,621$3,120,521$8,260,257
68$10,368,340$4,193,930$3,133,171$8,928,902
69$11,331,129$4,304,651$3,143,351$9,661,434
70$12,389,138$4,417,812$3,150,887$10,464,275
71$13,551,983$4,533,438$3,155,595$11,344,501
72$14,830,262$4,651,554$3,157,284$12,309,909
73$16,235,649$4,772,180$3,155,753$13,369,089
74$17,781,005$4,895,337$3,150,791$14,531,507
75$19,480,501$5,021,042$3,142,176$15,807,591
76$21,349,750$5,149,310$3,129,676$17,208,834
77$23,405,952$5,280,154$3,113,048$18,747,899
78$25,668,061$5,413,584$3,092,037$20,438,738
79$28,156,958$5,549,604$3,066,375$22,296,727
80$30,895,651$5,688,218$3,035,782$24,338,807
81$33,909,491$5,829,424$2,999,964$26,583,649
82$37,226,411$5,973,218$2,958,615$29,051,825
83$40,877,189$6,119,590$2,911,413$31,766,004
84$44,895,737$6,268,525$2,858,020$34,751,167
85$49,319,424$6,420,003$2,798,085$38,034,844
86$54,189,422$6,574,001$2,731,238$41,647,369
87$59,551,101$6,730,485$2,657,093$45,622,172
88$65,454,455$6,889,420$2,575,246$49,996,090
89$71,954,568$7,050,760$2,485,276$54,809,720
90$79,112,141$7,214,455$2,386,740$60,107,796
91$86,994,060$7,380,444$2,279,176$65,939,616
92$95,674,028$7,548,659$2,162,103$72,359,506
93$105,233,260$7,719,025$2,035,014$79,427,335
94$115,761,249$7,891,453$1,897,383$87,209,076
95$127,356,609$8,065,848$1,748,659$95,777,434
96$140,128,010$8,242,101$1,588,265$105,212,526
97$154,195,195$8,420,092$1,415,601$115,602,647
98$169,690,119$8,599,690$1,230,037$127,045,096
99$186,758,186$8,780,750$1,030,918$139,647,096
100$205,559,625$8,963,111$817,558$153,526,811