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%13.2%
1 years$222,138$220,159$218,229$216,344$214,504$211,649
2 years$109,969$107,921$105,936$104,012$102,145$99,272
3 years$72,585$70,528$68,548$66,641$64,805$62,005
4 years$53,896$51,845$49,885$48,011$46,219$43,513
5 years$42,686$40,647$38,713$36,877$35,135$32,531
6 years$35,215$33,192$31,286$29,491$27,801$25,302
7 years$29,880$27,874$25,999$24,246$22,610$20,217
8 years$25,881$23,893$22,049$20,340$18,757$16,470
9 years$22,773$20,803$18,991$17,325$15,796$13,613
10 years$20,287$18,337$16,557$14,934$13,459$11,379
11 years$18,255$16,325$14,576$12,997$11,575$9,597
12 years$16,562$14,652$12,936$11,400$10,031$8,151
13 years$15,132$13,241$11,557$10,065$8,747$6,964
14 years$13,906$12,036$10,384$8,934$7,668$5,978
15 years$12,845$10,995$9,376$7,968$6,751$5,152
16 years$11,918$10,088$8,500$7,134$5,967$4,456
17 years$11,100$9,290$7,735$6,410$5,291$3,864
18 years$10,374$8,585$7,061$5,777$4,704$3,359
19 years$9,726$7,956$6,464$5,220$4,193$2,927
20 years$9,142$7,393$5,932$4,728$3,745$2,554
21 years$8,616$6,887$5,457$4,291$3,352$2,233
22 years$8,137$6,428$5,029$3,901$3,004$1,954
23 years$7,701$6,012$4,644$3,553$2,697$1,712
24 years$7,302$5,633$4,295$3,240$2,424$1,502
25 years$6,935$5,286$3,978$2,959$2,181$1,318
26 years$6,597$4,968$3,689$2,706$1,965$1,158
27 years$6,285$4,676$3,426$2,477$1,771$1,018
28 years$5,995$4,406$3,185$2,269$1,598$896
29 years$5,726$4,157$2,963$2,081$1,443$788
30 years$5,476$3,925$2,760$1,910$1,304$694
31 years$5,242$3,711$2,573$1,754$1,179$611
32 years$5,023$3,511$2,401$1,612$1,066$539
33 years$4,817$3,325$2,242$1,482$965$475
34 years$4,625$3,152$2,095$1,364$874$419
35 years$4,443$2,989$1,958$1,256$791$369
36 years$4,272$2,837$1,832$1,156$717$326
37 years$4,111$2,695$1,715$1,065$650$287
38 years$3,959$2,561$1,606$982$589$253
39 years$3,814$2,435$1,504$905$534$224
40 years$3,678$2,317$1,410$835$485$197
41 years$3,548$2,205$1,322$771$440$174
42 years$3,425$2,100$1,240$711$399$154
43 years$3,308$2,001$1,164$656$362$136
44 years$3,196$1,908$1,092$606$329$120
45 years$3,090$1,819$1,026$560$298$106
46 years$2,989$1,735$963$517$271$93
47 years$2,892$1,656$905$478$246$83
48 years$2,799$1,581$851$441$223$73
49 years$2,711$1,510$799$408$203$64
50 years$2,626$1,442$752$377$184$57

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 $6,547 every year, while hoping to spend $46,524 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: 41/35/24 Blend
52$2,690,000$2,690,000$2,690,000$2,690,000
53$2,971,133$2,828,563$2,786,868$3,071,727
54$3,224,688$2,917,662$2,830,727$3,233,648
55$3,502,545$3,009,567$2,874,496$3,403,894
56$3,807,136$3,104,367$2,918,123$3,587,249
57$4,141,136$3,202,153$2,961,552$3,784,942
58$4,507,493$3,303,019$3,004,725$3,998,326
59$4,909,452$3,407,062$3,047,578$4,228,886
60$5,350,591$3,514,383$3,090,047$4,478,261
61$5,834,848$3,625,084$3,132,060$4,748,248
62$6,366,562$3,739,272$3,173,543$5,040,830
63$6,950,511$3,857,057$3,214,418$5,358,188
64$7,591,963$3,978,553$3,254,600$5,702,720
65$8,296,716$4,103,875$3,294,002$6,077,070
66$9,071,161$4,233,144$3,332,531$6,484,145
67$9,922,337$4,366,486$3,370,088$6,927,147
68$10,858,000$4,504,028$3,406,570$7,409,601
69$11,886,692$4,645,902$3,441,867$7,935,391
70$13,017,829$4,792,245$3,475,864$8,508,790
71$14,261,780$4,943,198$3,508,438$9,134,505
72$15,629,973$5,098,905$3,539,461$9,817,722
73$17,134,996$5,259,518$3,568,799$10,564,150
74$18,790,720$5,425,189$3,596,309$11,380,078
75$20,612,429$5,596,079$3,621,841$12,272,432
76$22,616,962$5,772,351$3,645,237$13,248,842
77$24,822,872$5,954,177$3,666,333$14,317,712
78$27,250,603$6,141,729$3,684,953$15,488,301
79$29,922,680$6,335,189$3,700,914$16,770,807
80$32,863,922$6,534,743$3,714,024$18,176,464
81$36,101,680$6,740,583$3,724,081$19,717,650
82$39,666,086$6,952,906$3,730,873$21,408,001
83$43,590,345$7,171,917$3,734,176$23,262,538
84$47,911,047$7,397,827$3,733,756$25,297,813
85$52,668,506$7,630,853$3,729,370$27,532,060
86$57,907,147$7,871,219$3,720,757$29,985,371
87$63,675,923$8,119,155$3,707,650$32,679,880
88$70,028,776$8,374,902$3,689,764$35,639,977
89$77,025,143$8,638,705$3,666,804$38,892,536
90$84,730,523$8,910,816$3,638,457$42,467,165
91$93,217,089$9,191,499$3,604,398$46,396,489
92$102,564,373$9,481,023$3,564,286$50,716,457
93$112,860,012$9,779,667$3,517,763$55,466,680
94$124,200,581$10,087,718$3,464,455$60,690,804
95$136,692,495$10,405,471$3,403,970$66,436,923
96$150,453,024$10,733,234$3,335,898$72,758,031
97$165,611,391$11,071,321$3,259,808$79,712,524
98$182,309,994$11,420,056$3,175,253$87,364,749
99$200,705,751$11,779,777$3,081,761$95,785,610
100$220,971,579$12,150,828$2,978,842$105,053,242