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

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$222,138$220,159$218,229$216,344$214,504$213,331
2 years$109,969$107,921$105,936$104,012$102,145$100,961
3 years$72,585$70,528$68,548$66,641$64,805$63,647
4 years$53,896$51,845$49,885$48,011$46,219$45,097
5 years$42,686$40,647$38,713$36,877$35,135$34,051
6 years$35,215$33,192$31,286$29,491$27,801$26,757
7 years$29,880$27,874$25,999$24,246$22,610$21,605
8 years$25,881$23,893$22,049$20,340$18,757$17,793
9 years$22,773$20,803$18,991$17,325$15,796$14,872
10 years$20,287$18,337$16,557$14,934$13,459$12,574
11 years$18,255$16,325$14,576$12,997$11,575$10,730
12 years$16,562$14,652$12,936$11,400$10,031$9,223
13 years$15,132$13,241$11,557$10,065$8,747$7,977
14 years$13,906$12,036$10,384$8,934$7,668$6,934
15 years$12,845$10,995$9,376$7,968$6,751$6,053
16 years$11,918$10,088$8,500$7,134$5,967$5,304
17 years$11,100$9,290$7,735$6,410$5,291$4,661
18 years$10,374$8,585$7,061$5,777$4,704$4,107
19 years$9,726$7,956$6,464$5,220$4,193$3,627
20 years$9,142$7,393$5,932$4,728$3,745$3,210
21 years$8,616$6,887$5,457$4,291$3,352$2,846
22 years$8,137$6,428$5,029$3,901$3,004$2,527
23 years$7,701$6,012$4,644$3,553$2,697$2,246
24 years$7,302$5,633$4,295$3,240$2,424$1,999
25 years$6,935$5,286$3,978$2,959$2,181$1,781
26 years$6,597$4,968$3,689$2,706$1,965$1,588
27 years$6,285$4,676$3,426$2,477$1,771$1,418
28 years$5,995$4,406$3,185$2,269$1,598$1,266
29 years$5,726$4,157$2,963$2,081$1,443$1,132
30 years$5,476$3,925$2,760$1,910$1,304$1,012
31 years$5,242$3,711$2,573$1,754$1,179$905
32 years$5,023$3,511$2,401$1,612$1,066$810
33 years$4,817$3,325$2,242$1,482$965$726
34 years$4,625$3,152$2,095$1,364$874$650
35 years$4,443$2,989$1,958$1,256$791$582
36 years$4,272$2,837$1,832$1,156$717$522
37 years$4,111$2,695$1,715$1,065$650$468
38 years$3,959$2,561$1,606$982$589$420
39 years$3,814$2,435$1,504$905$534$376
40 years$3,678$2,317$1,410$835$485$338
41 years$3,548$2,205$1,322$771$440$303
42 years$3,425$2,100$1,240$711$399$272
43 years$3,308$2,001$1,164$656$362$244
44 years$3,196$1,908$1,092$606$329$219
45 years$3,090$1,819$1,026$560$298$197
46 years$2,989$1,735$963$517$271$176
47 years$2,892$1,656$905$478$246$158
48 years$2,799$1,581$851$441$223$142
49 years$2,711$1,510$799$408$203$128
50 years$2,626$1,442$752$377$184$115

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 $4,722 every year, while hoping to spend $36,825 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: 41/32/27 Blend
52$2,690,000$2,690,000$2,690,000$2,690,000
53$2,969,251$2,826,681$2,784,986$3,067,239
54$3,232,933$2,926,007$2,839,101$3,237,750
55$3,522,276$3,028,965$2,893,795$3,418,386
56$3,839,860$3,135,696$2,949,049$3,613,207
57$4,188,523$3,246,343$3,004,840$3,823,538
58$4,571,396$3,361,057$3,061,145$4,050,837
59$4,991,925$3,479,995$3,117,940$4,296,706
60$5,453,906$3,603,320$3,175,196$4,562,909
61$5,961,522$3,731,200$3,232,883$4,851,384
62$6,519,383$3,863,814$3,290,970$5,164,263
63$7,132,563$4,001,344$3,349,420$5,503,891
64$7,806,655$4,143,981$3,408,197$5,872,851
65$8,547,823$4,291,925$3,467,260$6,273,980
66$9,362,853$4,445,382$3,526,566$6,710,403
67$10,259,226$4,604,567$3,586,067$7,185,561
68$11,245,181$4,769,705$3,645,715$7,703,236
69$12,329,799$4,941,030$3,705,456$8,267,596
70$13,523,083$5,118,785$3,765,233$8,883,225
71$14,836,054$5,303,222$3,824,985$9,555,172
72$16,280,857$5,494,606$3,884,648$10,288,994
73$17,870,874$5,693,210$3,944,152$11,090,811
74$19,620,847$5,899,321$4,003,425$11,967,359
75$21,547,022$6,113,237$4,062,389$12,926,057
76$23,667,300$6,335,267$4,120,961$13,975,074
77$26,001,404$6,565,735$4,179,053$15,123,405
78$28,571,069$6,804,977$4,236,572$16,380,958
79$31,400,241$7,053,344$4,293,420$17,758,642
80$34,515,308$7,311,201$4,349,493$19,268,475
81$37,945,348$7,578,929$4,404,680$20,923,690
82$41,722,401$7,856,924$4,458,864$22,738,865
83$45,881,772$8,145,599$4,511,922$24,730,056
84$50,462,365$8,445,386$4,563,723$26,914,948
85$55,507,049$8,756,732$4,614,131$29,313,025
86$61,063,063$9,080,107$4,662,999$31,945,744
87$67,182,461$9,415,997$4,710,175$34,836,748
88$73,922,602$9,764,912$4,755,496$38,012,077
89$81,346,695$10,127,380$4,798,793$41,500,422
90$89,524,391$10,503,955$4,839,885$45,333,387
91$98,532,443$10,895,212$4,878,585$49,545,792
92$108,455,427$11,301,753$4,914,693$54,175,997
93$119,386,546$11,724,204$4,948,000$59,266,264
94$131,428,501$12,163,217$4,978,286$64,863,155
95$144,694,469$12,619,475$5,005,319$71,017,968
96$159,309,163$13,093,688$5,028,856$77,787,224
97$175,410,016$13,586,597$5,048,640$85,233,194
98$193,148,472$14,098,975$5,064,404$93,424,489
99$212,691,419$14,631,628$5,075,865$102,436,704
100$234,222,765$15,185,398$5,082,727$112,353,132