Can I retire at age 53 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$220,486$218,522$216,606$214,736$212,910$210,424
2 years$109,152$107,119$105,149$103,238$101,385$98,883
3 years$72,045$70,003$68,038$66,146$64,323$61,882
4 years$53,495$51,460$49,514$47,654$45,876$43,515
5 years$42,368$40,345$38,425$36,603$34,874$32,601
6 years$34,953$32,945$31,053$29,272$27,595$25,411
7 years$29,658$27,667$25,805$24,066$22,442$20,349
8 years$25,689$23,716$21,885$20,188$18,618$16,615
9 years$22,603$20,649$18,850$17,196$15,679$13,766
10 years$20,136$18,201$16,433$14,823$13,359$11,535
11 years$18,119$16,203$14,468$12,901$11,489$9,752
12 years$16,439$14,543$12,840$11,316$9,956$8,304
13 years$15,019$13,143$11,471$9,990$8,682$7,113
14 years$13,803$11,946$10,307$8,868$7,611$6,123
15 years$12,750$10,913$9,306$7,909$6,701$5,291
16 years$11,829$10,013$8,437$7,081$5,922$4,589
17 years$11,018$9,221$7,678$6,362$5,251$3,991
18 years$10,297$8,521$7,009$5,734$4,669$3,479
19 years$9,653$7,897$6,416$5,181$4,162$3,040
20 years$9,074$7,338$5,888$4,692$3,717$2,661
21 years$8,552$6,835$5,416$4,259$3,327$2,333
22 years$8,077$6,381$4,992$3,872$2,982$2,048
23 years$7,644$5,968$4,609$3,526$2,677$1,800
24 years$7,248$5,591$4,263$3,216$2,406$1,584
25 years$6,884$5,247$3,948$2,937$2,165$1,395
26 years$6,548$4,931$3,662$2,686$1,950$1,229
27 years$6,238$4,641$3,400$2,458$1,758$1,084
28 years$5,951$4,373$3,161$2,252$1,586$957
29 years$5,684$4,126$2,941$2,065$1,432$845
30 years$5,435$3,896$2,740$1,896$1,294$746
31 years$5,203$3,683$2,554$1,741$1,170$660
32 years$4,985$3,485$2,383$1,600$1,059$583
33 years$4,782$3,300$2,225$1,471$958$516
34 years$4,590$3,128$2,079$1,354$867$456
35 years$4,410$2,967$1,944$1,246$786$404
36 years$4,241$2,816$1,818$1,148$712$357
37 years$4,080$2,675$1,702$1,057$645$316
38 years$3,929$2,542$1,594$975$585$280
39 years$3,786$2,417$1,493$899$530$248
40 years$3,650$2,300$1,400$829$481$220
41 years$3,522$2,189$1,312$765$436$194
42 years$3,399$2,085$1,231$706$396$172
43 years$3,283$1,986$1,155$652$359$153
44 years$3,172$1,893$1,084$602$326$135
45 years$3,067$1,806$1,018$556$296$120
46 years$2,966$1,722$956$513$269$106
47 years$2,870$1,644$898$474$244$94
48 years$2,779$1,569$844$438$222$83
49 years$2,691$1,498$794$405$201$74
50 years$2,607$1,431$746$374$183$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,670,000, adding $6,744 every year, while hoping to spend $35,114 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: 48/38/14 Blend
52$2,670,000$2,670,000$2,670,000$2,670,000
53$2,949,296$2,807,786$2,766,401$3,079,068
54$3,212,764$2,908,007$2,821,715$3,269,587
55$3,501,928$3,011,961$2,877,704$3,472,168
56$3,819,372$3,119,796$2,934,356$3,691,353
57$4,167,944$3,231,662$2,991,653$3,928,706
58$4,550,779$3,347,717$3,049,577$4,185,947
59$4,971,331$3,468,128$3,108,110$4,464,965
60$5,433,404$3,593,064$3,167,230$4,767,839
61$5,941,191$3,722,704$3,226,912$5,096,854
62$6,499,311$3,857,234$3,287,131$5,454,522
63$7,112,850$3,996,849$3,347,860$5,843,608
64$7,787,415$4,141,748$3,409,067$6,267,154
65$8,529,180$4,292,143$3,470,720$6,728,506
66$9,344,950$4,448,251$3,532,783$7,231,343
67$10,242,222$4,610,302$3,595,217$7,779,717
68$11,229,253$4,778,532$3,657,982$8,378,086
69$12,315,145$4,953,188$3,721,033$9,031,355
70$13,509,924$5,134,528$3,784,321$9,744,924
71$14,824,638$5,322,821$3,847,797$10,524,736
72$16,271,458$5,518,347$3,911,406$11,377,334
73$17,863,797$5,721,396$3,975,089$12,309,920
74$19,616,433$5,932,274$4,038,783$13,330,424
75$21,545,650$6,151,296$4,102,423$14,447,575
76$23,669,390$6,378,793$4,165,938$15,670,986
77$26,007,423$6,615,109$4,229,251$17,011,242
78$28,581,533$6,860,602$4,292,285$18,479,996
79$31,415,726$7,115,648$4,354,952$20,090,083
80$34,536,450$7,380,635$4,417,164$21,855,637
81$37,972,853$7,655,971$4,478,823$23,792,222
82$41,757,050$7,942,079$4,539,830$25,916,983
83$45,924,430$8,239,402$4,600,075$28,248,799
84$50,513,990$8,548,401$4,659,446$30,808,465
85$55,568,701$8,869,557$4,717,821$33,618,886
86$61,135,915$9,203,371$4,775,074$36,705,291
87$67,267,809$9,550,368$4,831,071$40,095,469
88$74,021,882$9,911,092$4,885,668$43,820,032
89$81,461,492$10,286,113$4,938,715$47,912,698
90$89,656,457$10,676,026$4,990,056$52,410,615
91$98,683,715$11,081,450$5,039,521$57,354,700
92$108,628,045$11,503,033$5,086,937$62,790,033
93$119,582,872$11,941,448$5,132,116$68,766,273
94$131,651,148$12,397,401$5,174,864$75,338,130
95$144,946,318$12,871,627$5,214,975$82,565,877
96$159,593,398$13,364,893$5,252,232$90,515,916
97$175,730,151$13,877,999$5,286,409$99,261,405
98$193,508,387$14,411,781$5,317,264$108,882,944
99$213,095,396$14,967,112$5,344,546$119,469,335
100$234,675,528$15,544,903$5,367,990$131,118,416