Can I retire at age 53 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$221,312$219,341$217,417$215,540$213,707$206,371
2 years$109,560$107,520$105,542$103,625$101,765$94,449
3 years$72,315$70,265$68,293$66,394$64,564$57,497
4 years$53,696$51,653$49,700$47,833$46,048$39,285
5 years$42,527$40,496$38,569$36,740$35,005$28,563
6 years$35,084$33,068$31,170$29,381$27,698$21,583
7 years$29,769$27,771$25,902$24,156$22,526$16,736
8 years$25,785$23,805$21,967$20,264$18,687$13,219
9 years$22,688$20,726$18,920$17,260$15,737$10,583
10 years$20,212$18,269$16,495$14,879$13,409$8,560
11 years$18,187$16,264$14,522$12,949$11,532$6,980
12 years$16,501$14,598$12,888$11,358$9,994$5,727
13 years$15,075$13,192$11,514$10,027$8,715$4,722
14 years$13,855$11,991$10,346$8,901$7,639$3,909
15 years$12,797$10,954$9,341$7,938$6,726$3,247
16 years$11,873$10,050$8,469$7,108$5,945$2,704
17 years$11,059$9,256$7,706$6,386$5,271$2,257
18 years$10,336$8,553$7,035$5,755$4,687$1,887
19 years$9,689$7,927$6,440$5,200$4,177$1,580
20 years$9,108$7,366$5,910$4,710$3,731$1,325
21 years$8,584$6,861$5,436$4,275$3,339$1,112
22 years$8,107$6,404$5,011$3,887$2,993$934
23 years$7,672$5,990$4,626$3,540$2,687$785
24 years$7,275$5,612$4,279$3,228$2,415$661
25 years$6,909$5,267$3,963$2,948$2,173$556
26 years$6,573$4,950$3,675$2,696$1,957$468
27 years$6,262$4,658$3,413$2,468$1,765$394
28 years$5,973$4,390$3,173$2,261$1,592$332
29 years$5,705$4,141$2,952$2,073$1,438$280
30 years$5,455$3,911$2,750$1,903$1,299$236
31 years$5,222$3,697$2,564$1,747$1,175$199
32 years$5,004$3,498$2,392$1,606$1,062$168
33 years$4,799$3,313$2,234$1,477$962$141
34 years$4,607$3,140$2,087$1,359$871$119
35 years$4,427$2,978$1,951$1,251$789$101
36 years$4,256$2,827$1,825$1,152$714$85
37 years$4,096$2,685$1,708$1,061$648$72
38 years$3,944$2,551$1,600$978$587$60
39 years$3,800$2,426$1,499$902$532$51
40 years$3,664$2,308$1,405$832$483$43
41 years$3,535$2,197$1,317$768$438$36
42 years$3,412$2,093$1,236$708$397$31
43 years$3,295$1,994$1,160$654$361$26
44 years$3,184$1,900$1,088$604$327$22
45 years$3,078$1,812$1,022$558$297$18
46 years$2,977$1,729$960$515$270$16
47 years$2,881$1,650$902$476$245$13
48 years$2,789$1,575$847$440$223$11
49 years$2,701$1,504$797$406$202$9
50 years$2,617$1,437$749$376$184$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,680,000, adding $3,670 every year, while hoping to spend $28,599 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: 39/37/24 Blend
52$2,680,000$2,680,000$2,680,000$2,680,000
53$2,957,146$2,815,106$2,773,566$3,051,255
54$3,228,345$2,922,617$2,836,051$3,227,294
55$3,526,249$3,034,437$2,899,671$3,414,572
56$3,853,550$3,150,748$2,964,434$3,616,512
57$4,213,216$3,271,739$3,030,346$3,834,465
58$4,608,516$3,397,606$3,097,414$4,069,915
59$5,043,051$3,528,555$3,165,644$4,324,490
60$5,520,790$3,664,802$3,235,041$4,599,981
61$6,046,103$3,806,570$3,305,608$4,898,354
62$6,623,807$3,954,094$3,377,347$5,221,772
63$7,259,209$4,107,618$3,450,262$5,572,609
64$7,958,155$4,267,398$3,524,352$5,953,478
65$8,727,086$4,433,699$3,599,617$6,367,251
66$9,573,100$4,606,802$3,676,056$6,817,085
67$10,504,017$4,786,995$3,753,664$7,306,455
68$11,528,452$4,974,584$3,832,437$7,839,179
69$12,655,901$5,169,885$3,912,370$8,419,460
70$13,896,822$5,373,229$3,993,455$9,051,920
71$15,262,744$5,584,963$4,075,681$9,741,646
72$16,766,365$5,805,448$4,159,038$10,494,232
73$18,421,681$6,035,061$4,243,512$11,315,837
74$20,244,111$6,274,198$4,329,088$12,213,237
75$22,250,646$6,523,269$4,415,749$13,193,891
76$24,460,010$6,782,707$4,503,474$14,266,007
77$26,892,833$7,052,962$4,592,242$15,438,623
78$29,571,847$7,334,502$4,682,028$16,721,683
79$32,522,103$7,627,820$4,772,803$18,126,139
80$35,771,204$7,933,430$4,864,538$19,664,045
81$39,349,566$8,251,867$4,957,200$21,348,674
82$43,290,706$8,583,694$5,050,751$23,194,640
83$47,631,559$8,929,495$5,145,152$25,218,033
84$52,412,823$9,289,885$5,240,359$27,436,573
85$57,679,345$9,665,504$5,336,325$29,869,772
86$63,480,546$10,057,021$5,433,000$32,539,116
87$69,870,883$10,465,136$5,530,326$35,468,268
88$76,910,367$10,890,582$5,628,246$38,683,290
89$84,665,127$11,334,123$5,726,695$42,212,883
90$93,208,034$11,796,559$5,825,604$46,088,659
91$102,619,390$12,278,728$5,924,899$50,345,438
92$112,987,686$12,781,503$6,024,500$55,021,571
93$124,410,432$13,305,799$6,124,323$60,159,299
94$136,995,086$13,852,573$6,224,278$65,805,156
95$150,860,060$14,422,824$6,324,267$72,010,396
96$166,135,843$15,017,600$6,424,187$78,831,482
97$182,966,230$15,637,993$6,523,928$86,330,611
98$201,509,679$16,285,148$6,623,373$94,576,301
99$221,940,808$16,960,262$6,722,397$103,644,033
100$244,452,042$17,664,586$6,820,869$113,616,960