Can I retire at age 53 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$222,138$220,159$218,229$216,344$214,504$206,075
2 years$109,969$107,921$105,936$104,012$102,145$93,756
3 years$72,585$70,528$68,548$66,641$64,805$56,720
4 years$53,896$51,845$49,885$48,011$46,219$38,500
5 years$42,686$40,647$38,713$36,877$35,135$27,801
6 years$35,215$33,192$31,286$29,491$27,801$20,858
7 years$29,880$27,874$25,999$24,246$22,610$16,054
8 years$25,881$23,893$22,049$20,340$18,757$12,583
9 years$22,773$20,803$18,991$17,325$15,796$9,994
10 years$20,287$18,337$16,557$14,934$13,459$8,017
11 years$18,255$16,325$14,576$12,997$11,575$6,482
12 years$16,562$14,652$12,936$11,400$10,031$5,272
13 years$15,132$13,241$11,557$10,065$8,747$4,309
14 years$13,906$12,036$10,384$8,934$7,668$3,535
15 years$12,845$10,995$9,376$7,968$6,751$2,909
16 years$11,918$10,088$8,500$7,134$5,967$2,400
17 years$11,100$9,290$7,735$6,410$5,291$1,984
18 years$10,374$8,585$7,061$5,777$4,704$1,643
19 years$9,726$7,956$6,464$5,220$4,193$1,362
20 years$9,142$7,393$5,932$4,728$3,745$1,131
21 years$8,616$6,887$5,457$4,291$3,352$940
22 years$8,137$6,428$5,029$3,901$3,004$781
23 years$7,701$6,012$4,644$3,553$2,697$650
24 years$7,302$5,633$4,295$3,240$2,424$541
25 years$6,935$5,286$3,978$2,959$2,181$451
26 years$6,597$4,968$3,689$2,706$1,965$376
27 years$6,285$4,676$3,426$2,477$1,771$313
28 years$5,995$4,406$3,185$2,269$1,598$261
29 years$5,726$4,157$2,963$2,081$1,443$218
30 years$5,476$3,925$2,760$1,910$1,304$182
31 years$5,242$3,711$2,573$1,754$1,179$151
32 years$5,023$3,511$2,401$1,612$1,066$126
33 years$4,817$3,325$2,242$1,482$965$105
34 years$4,625$3,152$2,095$1,364$874$88
35 years$4,443$2,989$1,958$1,256$791$73
36 years$4,272$2,837$1,832$1,156$717$61
37 years$4,111$2,695$1,715$1,065$650$51
38 years$3,959$2,561$1,606$982$589$43
39 years$3,814$2,435$1,504$905$534$36
40 years$3,678$2,317$1,410$835$485$30
41 years$3,548$2,205$1,322$771$440$25
42 years$3,425$2,100$1,240$711$399$21
43 years$3,308$2,001$1,164$656$362$17
44 years$3,196$1,908$1,092$606$329$14
45 years$3,090$1,819$1,026$560$298$12
46 years$2,989$1,735$963$517$271$10
47 years$2,892$1,656$905$478$246$8
48 years$2,799$1,581$851$441$223$7
49 years$2,711$1,510$799$408$203$6
50 years$2,626$1,442$752$377$184$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,690,000, adding $4,980 every year, while hoping to spend $36,534 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: 81/14/5 Blend
52$2,690,000$2,690,000$2,690,000$2,690,000
53$2,969,517$2,826,947$2,785,252$3,209,275
54$3,233,536$2,926,595$2,839,686$3,466,403
55$3,523,260$3,029,902$2,894,719$3,743,143
56$3,841,273$3,137,008$2,950,333$4,045,727
57$4,190,421$3,248,059$3,006,507$4,376,713
58$4,573,838$3,363,208$3,063,219$4,738,923
59$4,994,977$3,482,613$3,120,444$5,135,459
60$5,457,642$3,606,439$3,178,157$5,569,742
61$5,966,025$3,734,857$3,236,328$6,045,534
62$6,524,741$3,868,047$3,294,927$6,566,982
63$7,138,877$4,006,194$3,353,919$7,138,652
64$7,814,036$4,149,491$3,413,269$7,765,571
65$8,556,392$4,298,140$3,472,938$8,453,279
66$9,372,745$4,452,350$3,532,883$9,207,875
67$10,270,590$4,612,340$3,593,059$10,036,077
68$11,258,183$4,778,338$3,653,419$10,945,286
69$12,344,620$4,950,579$3,713,911$11,943,655
70$13,539,924$5,129,310$3,774,480$13,040,163
71$14,855,137$5,314,787$3,835,066$14,244,703
72$16,302,428$5,507,278$3,895,608$15,568,170
73$17,895,203$5,707,062$3,956,038$17,022,571
74$19,648,233$5,914,428$4,016,284$18,621,129
75$21,577,796$6,129,678$4,076,273$20,378,414
76$23,701,825$6,353,126$4,135,922$22,310,477
77$26,040,083$6,585,101$4,195,147$24,435,002
78$28,614,344$6,825,944$4,253,858$26,771,471
79$31,448,603$7,076,010$4,311,957$29,341,349
80$34,569,297$7,335,671$4,369,344$32,168,285
81$38,005,559$7,605,313$4,425,911$35,278,334
82$41,789,492$7,885,339$4,481,545$38,700,205
83$45,956,467$8,176,168$4,536,124$42,465,528
84$50,545,464$8,478,237$4,589,521$46,609,154
85$55,599,434$8,792,003$4,641,603$51,169,482
86$61,165,706$9,117,942$4,692,226$56,188,824
87$67,296,435$9,456,547$4,741,242$61,713,796
88$74,049,090$9,808,337$4,788,493$67,795,768
89$81,487,002$10,173,850$4,833,812$74,491,338
90$89,679,955$10,553,648$4,877,024$81,862,872
91$98,704,849$10,948,316$4,917,943$89,979,090
92$108,646,425$11,358,465$4,956,376$98,915,712
93$119,598,063$11,784,732$4,992,117$108,756,174
94$131,662,664$12,227,782$5,024,951$119,592,415
95$144,953,620$12,688,308$5,054,652$131,525,742
96$159,595,887$13,167,033$5,080,980$144,667,786
97$175,727,161$13,664,710$5,103,686$159,141,557
98$193,499,178$14,182,128$5,122,506$175,082,598
99$213,079,147$14,720,106$5,137,163$192,640,273
100$234,651,330$15,279,501$5,147,368$211,979,165