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%17.2%
1 years$222,138$220,159$218,229$216,344$214,504$208,222
2 years$109,969$107,921$105,936$104,012$102,145$95,866
3 years$72,585$70,528$68,548$66,641$64,805$58,727
4 years$53,896$51,845$49,885$48,011$46,219$40,389
5 years$42,686$40,647$38,713$36,877$35,135$29,568
6 years$35,215$33,192$31,286$29,491$27,801$22,502
7 years$29,880$27,874$25,999$24,246$22,610$17,579
8 years$25,881$23,893$22,049$20,340$18,757$13,991
9 years$22,773$20,803$18,991$17,325$15,796$11,291
10 years$20,287$18,337$16,557$14,934$13,459$9,208
11 years$18,255$16,325$14,576$12,997$11,575$7,571
12 years$16,562$14,652$12,936$11,400$10,031$6,265
13 years$15,132$13,241$11,557$10,065$8,747$5,212
14 years$13,906$12,036$10,384$8,934$7,668$4,354
15 years$12,845$10,995$9,376$7,968$6,751$3,650
16 years$11,918$10,088$8,500$7,134$5,967$3,068
17 years$11,100$9,290$7,735$6,410$5,291$2,586
18 years$10,374$8,585$7,061$5,777$4,704$2,183
19 years$9,726$7,956$6,464$5,220$4,193$1,846
20 years$9,142$7,393$5,932$4,728$3,745$1,563
21 years$8,616$6,887$5,457$4,291$3,352$1,325
22 years$8,137$6,428$5,029$3,901$3,004$1,125
23 years$7,701$6,012$4,644$3,553$2,697$955
24 years$7,302$5,633$4,295$3,240$2,424$812
25 years$6,935$5,286$3,978$2,959$2,181$690
26 years$6,597$4,968$3,689$2,706$1,965$587
27 years$6,285$4,676$3,426$2,477$1,771$500
28 years$5,995$4,406$3,185$2,269$1,598$426
29 years$5,726$4,157$2,963$2,081$1,443$363
30 years$5,476$3,925$2,760$1,910$1,304$309
31 years$5,242$3,711$2,573$1,754$1,179$263
32 years$5,023$3,511$2,401$1,612$1,066$224
33 years$4,817$3,325$2,242$1,482$965$191
34 years$4,625$3,152$2,095$1,364$874$163
35 years$4,443$2,989$1,958$1,256$791$139
36 years$4,272$2,837$1,832$1,156$717$119
37 years$4,111$2,695$1,715$1,065$650$101
38 years$3,959$2,561$1,606$982$589$86
39 years$3,814$2,435$1,504$905$534$74
40 years$3,678$2,317$1,410$835$485$63
41 years$3,548$2,205$1,322$771$440$54
42 years$3,425$2,100$1,240$711$399$46
43 years$3,308$2,001$1,164$656$362$39
44 years$3,196$1,908$1,092$606$329$33
45 years$3,090$1,819$1,026$560$298$28
46 years$2,989$1,735$963$517$271$24
47 years$2,892$1,656$905$478$246$21
48 years$2,799$1,581$851$441$223$18
49 years$2,711$1,510$799$408$203$15
50 years$2,626$1,442$752$377$184$13

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 $3,254 every year, while hoping to spend $55,747 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: 65/21/14 Blend
52$2,690,000$2,690,000$2,690,000$2,690,000
53$2,967,737$2,825,167$2,783,472$3,150,613
54$3,211,131$2,904,285$2,817,403$3,352,389
55$3,477,484$2,985,412$2,850,604$3,566,005
56$3,769,077$3,068,588$2,882,989$3,798,038
57$4,088,425$3,153,850$2,914,471$4,050,287
58$4,438,296$3,241,241$2,944,957$4,324,728
59$4,821,738$3,330,798$2,974,349$4,623,541
60$5,242,110$3,422,561$3,002,545$4,949,125
61$5,703,109$3,516,570$3,029,434$5,304,121
62$6,208,809$3,612,865$3,054,902$5,691,440
63$6,763,695$3,711,483$3,078,829$6,114,286
64$7,372,710$3,812,464$3,101,088$6,576,190
65$8,041,296$3,915,845$3,121,545$7,081,039
66$8,775,451$4,021,663$3,140,058$7,633,117
67$9,581,778$4,129,956$3,156,482$8,237,142
68$10,467,554$4,240,759$3,170,659$8,898,311
69$11,440,796$4,354,107$3,182,427$9,622,350
70$12,510,332$4,470,033$3,191,614$10,415,568
71$13,685,893$4,588,572$3,198,039$11,284,914
72$14,978,195$4,709,753$3,201,515$12,238,045
73$16,399,047$4,833,607$3,201,842$13,283,398
74$17,961,458$4,960,162$3,198,811$14,430,267
75$19,679,760$5,089,443$3,192,205$15,688,893
76$21,569,746$5,221,476$3,181,794$17,070,560
77$23,648,813$5,356,282$3,167,337$18,587,701
78$25,936,133$5,493,880$3,148,584$20,254,016
79$28,452,826$5,634,288$3,125,269$22,084,600
80$31,222,164$5,777,518$3,097,116$24,096,086
81$34,269,791$5,923,582$3,063,835$26,306,802
82$37,623,959$6,072,487$3,025,122$28,736,944
83$41,315,799$6,224,235$2,980,661$31,408,766
84$45,379,614$6,378,827$2,930,117$34,346,792
85$49,853,201$6,536,255$2,873,142$37,578,044
86$54,778,208$6,696,511$2,809,372$41,132,299
87$60,200,524$6,859,579$2,738,424$45,042,371
88$66,170,717$7,025,438$2,659,901$49,344,418
89$72,744,506$7,194,061$2,573,384$54,078,287
90$79,983,290$7,365,414$2,478,437$59,287,887
91$87,954,723$7,539,457$2,374,602$65,021,605
92$96,733,356$7,716,142$2,261,403$71,332,761
93$106,401,339$7,895,413$2,138,340$78,280,116
94$117,049,192$8,077,206$2,004,892$85,928,421
95$128,776,667$8,261,446$1,860,512$94,349,032
96$141,693,681$8,448,050$1,704,633$103,620,584
97$155,921,356$8,636,925$1,536,658$113,829,729
98$171,593,164$8,827,964$1,355,966$125,071,961
99$188,856,184$9,021,051$1,161,908$137,452,513
100$207,872,487$9,216,055$953,805$151,087,352