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%12.3%
1 years$221,312$219,341$217,417$215,540$213,707$211,651
2 years$109,560$107,520$105,542$103,625$101,765$99,694
3 years$72,315$70,265$68,293$66,394$64,564$62,542
4 years$53,696$51,653$49,700$47,833$46,048$44,091
5 years$42,527$40,496$38,569$36,740$35,005$33,118
6 years$35,084$33,068$31,170$29,381$27,698$25,884
7 years$29,769$27,771$25,902$24,156$22,526$20,785
8 years$25,785$23,805$21,967$20,264$18,687$17,020
9 years$22,688$20,726$18,920$17,260$15,737$14,143
10 years$20,212$18,269$16,495$14,879$13,409$11,887
11 years$18,187$16,264$14,522$12,949$11,532$10,081
12 years$16,501$14,598$12,888$11,358$9,994$8,611
13 years$15,075$13,192$11,514$10,027$8,715$7,400
14 years$13,855$11,991$10,346$8,901$7,639$6,391
15 years$12,797$10,954$9,341$7,938$6,726$5,542
16 years$11,873$10,050$8,469$7,108$5,945$4,822
17 years$11,059$9,256$7,706$6,386$5,271$4,209
18 years$10,336$8,553$7,035$5,755$4,687$3,683
19 years$9,689$7,927$6,440$5,200$4,177$3,229
20 years$9,108$7,366$5,910$4,710$3,731$2,837
21 years$8,584$6,861$5,436$4,275$3,339$2,496
22 years$8,107$6,404$5,011$3,887$2,993$2,200
23 years$7,672$5,990$4,626$3,540$2,687$1,941
24 years$7,275$5,612$4,279$3,228$2,415$1,714
25 years$6,909$5,267$3,963$2,948$2,173$1,516
26 years$6,573$4,950$3,675$2,696$1,957$1,341
27 years$6,262$4,658$3,413$2,468$1,765$1,188
28 years$5,973$4,390$3,173$2,261$1,592$1,052
29 years$5,705$4,141$2,952$2,073$1,438$933
30 years$5,455$3,911$2,750$1,903$1,299$827
31 years$5,222$3,697$2,564$1,747$1,175$734
32 years$5,004$3,498$2,392$1,606$1,062$652
33 years$4,799$3,313$2,234$1,477$962$579
34 years$4,607$3,140$2,087$1,359$871$514
35 years$4,427$2,978$1,951$1,251$789$457
36 years$4,256$2,827$1,825$1,152$714$406
37 years$4,096$2,685$1,708$1,061$648$361
38 years$3,944$2,551$1,600$978$587$321
39 years$3,800$2,426$1,499$902$532$285
40 years$3,664$2,308$1,405$832$483$254
41 years$3,535$2,197$1,317$768$438$226
42 years$3,412$2,093$1,236$708$397$201
43 years$3,295$1,994$1,160$654$361$179
44 years$3,184$1,900$1,088$604$327$159
45 years$3,078$1,812$1,022$558$297$142
46 years$2,977$1,729$960$515$270$126
47 years$2,881$1,650$902$476$245$112
48 years$2,789$1,575$847$440$223$100
49 years$2,701$1,504$797$406$202$89
50 years$2,617$1,437$749$376$184$79

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 $2,154 every year, while hoping to spend $31,795 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: 70/12/18 Blend
52$2,680,000$2,680,000$2,680,000$2,680,000
53$2,955,582$2,813,542$2,772,002$3,149,595
54$3,223,222$2,917,576$2,831,034$3,383,133
55$3,517,095$3,025,642$2,890,979$3,634,671
56$3,839,844$3,137,904$2,951,832$3,909,183
57$4,194,380$3,254,533$3,013,590$4,208,937
58$4,583,909$3,375,707$3,076,247$4,536,426
59$5,011,963$3,501,612$3,139,798$4,894,399
60$5,482,435$3,632,443$3,204,232$5,285,880
61$5,999,611$3,768,400$3,269,542$5,714,201
62$6,568,215$3,909,696$3,335,715$6,183,029
63$7,193,451$4,056,549$3,402,740$6,696,404
64$7,881,053$4,209,189$3,470,601$7,258,776
65$8,637,336$4,367,856$3,539,282$7,875,044
66$9,469,262$4,532,798$3,608,766$8,550,605
67$10,384,498$4,704,276$3,679,030$9,291,404
68$11,391,493$4,882,562$3,750,054$10,103,988
69$12,499,557$5,067,939$3,821,813$10,995,570
70$13,718,946$5,260,703$3,894,278$11,974,094
71$15,060,963$5,461,161$3,967,420$13,048,312
72$16,538,060$5,669,637$4,041,208$14,227,865
73$18,163,958$5,886,466$4,115,605$15,523,372
74$19,953,778$6,111,998$4,190,573$16,946,535
75$21,924,177$6,346,600$4,266,071$18,510,243
76$24,093,513$6,590,653$4,342,054$20,228,696
77$26,482,013$6,844,557$4,418,475$22,117,538
78$29,111,966$7,108,727$4,495,281$24,194,007
79$32,007,930$7,383,599$4,572,417$26,477,091
80$35,196,969$7,669,625$4,649,823$28,987,713
81$38,708,903$7,967,280$4,727,435$31,748,925
82$42,576,592$8,277,058$4,805,185$34,786,124
83$46,836,247$8,599,476$4,883,001$38,127,295
84$51,527,766$8,935,072$4,960,804$41,803,270
85$56,695,118$9,284,411$5,038,511$45,848,022
86$62,386,754$9,648,081$5,116,034$50,298,982
87$68,656,061$10,026,695$5,193,280$55,197,395
88$75,561,872$10,420,896$5,270,148$60,588,706
89$83,169,017$10,831,354$5,346,532$66,522,991
90$91,548,935$11,258,769$5,422,319$73,055,424
91$100,780,351$11,703,873$5,497,391$80,246,805
92$110,950,014$12,167,429$5,571,621$88,164,124
93$122,153,519$12,650,238$5,644,874$96,881,200
94$134,496,210$13,153,131$5,717,009$106,479,373
95$148,094,172$13,676,982$5,787,877$117,048,273
96$163,075,324$14,222,702$5,857,318$128,686,664
97$179,580,634$14,791,241$5,925,165$141,503,376
98$197,765,442$15,383,595$5,991,241$155,618,331
99$217,800,929$16,000,803$6,055,359$171,163,675
100$239,875,733$16,643,951$6,117,323$188,285,024