Can I retire at age 53 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$214,706$212,793$210,927$209,106$207,328$204,398
2 years$106,290$104,310$102,392$100,532$98,727$95,782
3 years$70,156$68,168$66,254$64,412$62,637$59,766
4 years$52,093$50,111$48,216$46,405$44,673$41,900
5 years$41,257$39,287$37,418$35,643$33,960$31,292
6 years$34,036$32,081$30,239$28,504$26,871$24,312
7 years$28,880$26,942$25,129$23,435$21,853$19,404
8 years$25,015$23,094$21,311$19,659$18,130$15,789
9 years$22,011$20,107$18,355$16,745$15,268$13,036
10 years$19,608$17,724$16,003$14,434$13,009$10,883
11 years$17,644$15,778$14,088$12,562$11,188$9,167
12 years$16,008$14,162$12,503$11,019$9,695$7,776
13 years$14,625$12,798$11,171$9,728$8,455$6,635
14 years$13,441$11,633$10,037$8,635$7,411$5,688
15 years$12,415$10,627$9,062$7,701$6,525$4,896
16 years$11,519$9,750$8,216$6,896$5,767$4,228
17 years$10,729$8,980$7,476$6,196$5,114$3,661
18 years$10,027$8,298$6,825$5,584$4,547$3,179
19 years$9,400$7,690$6,248$5,045$4,053$2,765
20 years$8,837$7,146$5,734$4,569$3,620$2,410
21 years$8,327$6,656$5,274$4,147$3,239$2,103
22 years$7,865$6,213$4,861$3,771$2,904$1,838
23 years$7,443$5,811$4,488$3,434$2,606$1,608
24 years$7,058$5,445$4,151$3,132$2,343$1,408
25 years$6,703$5,110$3,845$2,860$2,108$1,234
26 years$6,377$4,802$3,566$2,615$1,899$1,083
27 years$6,075$4,519$3,311$2,394$1,712$950
28 years$5,795$4,259$3,078$2,193$1,545$835
29 years$5,535$4,018$2,864$2,011$1,395$733
30 years$5,292$3,794$2,668$1,846$1,260$645
31 years$5,066$3,587$2,487$1,695$1,140$567
32 years$4,855$3,394$2,321$1,558$1,031$499
33 years$4,656$3,214$2,167$1,433$933$439
34 years$4,470$3,046$2,025$1,318$845$386
35 years$4,295$2,889$1,893$1,213$765$340
36 years$4,129$2,742$1,771$1,118$693$299
37 years$3,974$2,604$1,657$1,030$628$264
38 years$3,826$2,475$1,552$949$570$232
39 years$3,687$2,354$1,454$875$516$205
40 years$3,555$2,239$1,363$807$468$180
41 years$3,429$2,132$1,278$745$425$159
42 years$3,310$2,030$1,199$687$386$140
43 years$3,197$1,934$1,125$634$350$123
44 years$3,089$1,844$1,056$586$318$109
45 years$2,986$1,758$991$541$288$96
46 years$2,889$1,677$931$500$262$84
47 years$2,795$1,601$875$462$238$74
48 years$2,706$1,528$822$427$216$66
49 years$2,620$1,459$773$394$196$58
50 years$2,539$1,394$726$364$178$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,600,000, adding $6,729 every year, while hoping to spend $26,663 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: 33/44/23 Blend
52$2,600,000$2,600,000$2,600,000$2,600,000
53$2,872,141$2,734,341$2,694,041$2,946,495
54$3,136,730$2,839,954$2,755,922$3,108,394
55$3,427,414$2,949,849$2,818,983$3,279,873
56$3,746,825$3,064,207$2,883,234$3,464,145
57$4,097,866$3,183,218$2,948,687$3,662,353
58$4,483,732$3,307,080$3,015,352$3,875,755
59$4,907,945$3,435,999$3,083,238$4,105,728
60$5,374,384$3,570,191$3,152,355$4,353,787
61$5,887,323$3,709,883$3,222,711$4,621,590
62$6,451,472$3,855,309$3,294,314$4,910,961
63$7,072,019$4,006,715$3,367,170$5,223,903
64$7,754,680$4,164,360$3,441,285$5,562,614
65$8,505,754$4,328,510$3,516,665$5,929,509
66$9,332,181$4,499,447$3,593,313$6,327,244
67$10,241,606$4,677,463$3,671,232$6,758,734
68$11,242,456$4,862,864$3,750,424$7,227,186
69$12,344,013$5,055,971$3,830,890$7,736,122
70$13,556,505$5,257,117$3,912,628$8,289,417
71$14,891,204$5,466,651$3,995,637$8,891,330
72$16,360,529$5,684,938$4,079,912$9,546,545
73$17,978,162$5,912,360$4,165,449$10,260,213
74$19,759,184$6,149,315$4,252,240$11,038,001
75$21,720,208$6,396,218$4,340,277$11,886,139
76$23,879,542$6,653,506$4,429,550$12,811,484
77$26,257,361$6,921,633$4,520,045$13,821,581
78$28,875,893$7,201,075$4,611,748$14,924,728
79$31,759,634$7,492,328$4,704,642$16,130,060
80$34,935,577$7,795,912$4,798,707$17,447,628
81$38,433,464$8,112,370$4,893,922$18,888,493
82$42,286,071$8,442,270$4,990,262$20,464,831
83$46,529,515$8,786,205$5,087,701$22,190,044
84$51,203,593$9,144,797$5,186,206$24,078,885
85$56,352,161$9,518,694$5,285,746$26,147,592
86$62,023,546$9,908,574$5,386,283$28,414,047
87$68,271,002$10,315,148$5,487,777$30,897,932
88$75,153,211$10,739,157$5,590,184$33,620,921
89$82,734,840$11,181,377$5,693,457$36,606,877
90$91,087,149$11,642,621$5,797,544$39,882,078
91$100,288,665$12,123,735$5,902,388$43,475,458
92$110,425,920$12,625,610$6,007,929$47,418,882
93$121,594,271$13,149,172$6,114,102$51,747,441
94$133,898,798$13,695,393$6,220,836$56,499,779
95$147,455,298$14,265,289$6,328,056$61,718,458
96$162,391,373$14,859,923$6,435,681$67,450,354
97$178,847,641$15,480,407$6,543,623$73,747,096
98$196,979,056$16,127,903$6,651,791$80,665,550
99$216,956,379$16,803,629$6,760,085$88,268,353
100$238,967,780$17,508,857$6,868,398$96,624,498