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%16.8%
1 years$222,138$220,159$218,229$216,344$214,504$208,558
2 years$109,969$107,921$105,936$104,012$102,145$96,198
3 years$72,585$70,528$68,548$66,641$64,805$59,044
4 years$53,896$51,845$49,885$48,011$46,219$40,689
5 years$42,686$40,647$38,713$36,877$35,135$29,850
6 years$35,215$33,192$31,286$29,491$27,801$22,767
7 years$29,880$27,874$25,999$24,246$22,610$17,826
8 years$25,881$23,893$22,049$20,340$18,757$14,221
9 years$22,773$20,803$18,991$17,325$15,796$11,504
10 years$20,287$18,337$16,557$14,934$13,459$9,405
11 years$18,255$16,325$14,576$12,997$11,575$7,753
12 years$16,562$14,652$12,936$11,400$10,031$6,433
13 years$15,132$13,241$11,557$10,065$8,747$5,366
14 years$13,906$12,036$10,384$8,934$7,668$4,495
15 years$12,845$10,995$9,376$7,968$6,751$3,779
16 years$11,918$10,088$8,500$7,134$5,967$3,186
17 years$11,100$9,290$7,735$6,410$5,291$2,693
18 years$10,374$8,585$7,061$5,777$4,704$2,280
19 years$9,726$7,956$6,464$5,220$4,193$1,934
20 years$9,142$7,393$5,932$4,728$3,745$1,643
21 years$8,616$6,887$5,457$4,291$3,352$1,397
22 years$8,137$6,428$5,029$3,901$3,004$1,189
23 years$7,701$6,012$4,644$3,553$2,697$1,013
24 years$7,302$5,633$4,295$3,240$2,424$864
25 years$6,935$5,286$3,978$2,959$2,181$737
26 years$6,597$4,968$3,689$2,706$1,965$629
27 years$6,285$4,676$3,426$2,477$1,771$537
28 years$5,995$4,406$3,185$2,269$1,598$459
29 years$5,726$4,157$2,963$2,081$1,443$392
30 years$5,476$3,925$2,760$1,910$1,304$335
31 years$5,242$3,711$2,573$1,754$1,179$287
32 years$5,023$3,511$2,401$1,612$1,066$245
33 years$4,817$3,325$2,242$1,482$965$210
34 years$4,625$3,152$2,095$1,364$874$179
35 years$4,443$2,989$1,958$1,256$791$153
36 years$4,272$2,837$1,832$1,156$717$131
37 years$4,111$2,695$1,715$1,065$650$112
38 years$3,959$2,561$1,606$982$589$96
39 years$3,814$2,435$1,504$905$534$82
40 years$3,678$2,317$1,410$835$485$70
41 years$3,548$2,205$1,322$771$440$60
42 years$3,425$2,100$1,240$711$399$52
43 years$3,308$2,001$1,164$656$362$44
44 years$3,196$1,908$1,092$606$329$38
45 years$3,090$1,819$1,026$560$298$32
46 years$2,989$1,735$963$517$271$28
47 years$2,892$1,656$905$478$246$24
48 years$2,799$1,581$851$441$223$20
49 years$2,711$1,510$799$408$203$17
50 years$2,626$1,442$752$377$184$15

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 $6,874 every year, while hoping to spend $39,252 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: 62/28/10 Blend
52$2,690,000$2,690,000$2,690,000$2,690,000
53$2,971,471$2,828,901$2,787,206$3,148,620
54$3,232,797$2,925,753$2,838,813$3,364,874
55$3,519,463$3,026,035$2,890,834$3,595,672
56$3,834,011$3,129,875$2,943,240$3,846,609
57$4,179,244$3,237,402$2,996,003$4,119,635
58$4,558,247$3,348,755$3,049,089$4,416,894
59$4,974,419$3,464,075$3,102,464$4,740,747
60$5,431,505$3,583,509$3,156,091$5,093,792
61$5,933,628$3,707,211$3,209,930$5,478,887
62$6,485,333$3,835,339$3,263,938$5,899,182
63$7,091,627$3,968,060$3,318,069$6,358,138
64$7,758,023$4,105,546$3,372,275$6,859,570
65$8,490,597$4,247,973$3,426,502$7,407,677
66$9,296,044$4,395,530$3,480,696$8,007,080
67$10,181,737$4,548,408$3,534,796$8,662,869
68$11,155,803$4,706,808$3,588,740$9,380,648
69$12,227,192$4,870,939$3,642,460$10,166,588
70$13,405,768$5,041,018$3,695,885$11,027,484
71$14,702,398$5,217,269$3,748,939$11,970,818
72$16,129,056$5,399,928$3,801,542$13,004,834
73$17,698,933$5,589,239$3,853,607$14,138,607
74$19,426,567$5,785,454$3,905,045$15,382,134
75$21,327,972$5,988,837$3,955,760$16,746,426
76$23,420,798$6,199,663$4,005,651$18,243,611
77$25,724,490$6,418,216$4,054,610$19,887,048
78$28,260,473$6,644,794$4,102,525$21,691,451
79$31,052,357$6,879,705$4,149,275$23,673,030
80$34,126,157$7,123,270$4,194,735$25,849,640
81$37,510,538$7,375,823$4,238,772$28,240,952
82$41,237,086$7,637,711$4,281,244$30,868,635
83$45,340,607$7,909,298$4,322,004$33,756,559
84$49,859,454$8,190,958$4,360,896$36,931,025
85$54,835,887$8,483,084$4,397,755$40,421,003
86$60,316,476$8,786,083$4,432,408$44,258,415
87$66,352,535$9,100,380$4,464,672$48,478,427
88$73,000,612$9,426,416$4,494,357$53,119,784
89$80,323,016$9,764,652$4,521,259$58,225,174
90$88,388,410$10,115,567$4,545,168$63,841,628
91$97,272,456$10,479,658$4,565,860$70,020,966
92$107,058,531$10,857,445$4,583,100$76,820,282
93$117,838,510$11,249,469$4,596,643$84,302,483
94$129,713,637$11,656,292$4,606,229$92,536,882
95$142,795,478$12,078,501$4,611,589$101,599,850
96$157,206,976$12,516,707$4,612,436$111,575,535
97$173,083,606$12,971,544$4,608,471$122,556,658
98$190,574,661$13,443,677$4,599,382$134,645,383
99$209,844,654$13,933,794$4,584,839$147,954,280
100$231,074,874$14,442,616$4,564,496$162,607,392