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%17.4%
1 years$214,706$212,793$210,927$209,106$207,328$201,094
2 years$106,290$104,310$102,392$100,532$98,727$92,499
3 years$70,156$68,168$66,254$64,412$62,637$56,610
4 years$52,093$50,111$48,216$46,405$44,673$38,893
5 years$41,257$39,287$37,418$35,643$33,960$28,443
6 years$34,036$32,081$30,239$28,504$26,871$21,623
7 years$28,880$26,942$25,129$23,435$21,853$16,872
8 years$25,015$23,094$21,311$19,659$18,130$13,413
9 years$22,011$20,107$18,355$16,745$15,268$10,811
10 years$19,608$17,724$16,003$14,434$13,009$8,805
11 years$17,644$15,778$14,088$12,562$11,188$7,231
12 years$16,008$14,162$12,503$11,019$9,695$5,976
13 years$14,625$12,798$11,171$9,728$8,455$4,965
14 years$13,441$11,633$10,037$8,635$7,411$4,142
15 years$12,415$10,627$9,062$7,701$6,525$3,467
16 years$11,519$9,750$8,216$6,896$5,767$2,910
17 years$10,729$8,980$7,476$6,196$5,114$2,449
18 years$10,027$8,298$6,825$5,584$4,547$2,065
19 years$9,400$7,690$6,248$5,045$4,053$1,743
20 years$8,837$7,146$5,734$4,569$3,620$1,474
21 years$8,327$6,656$5,274$4,147$3,239$1,248
22 years$7,865$6,213$4,861$3,771$2,904$1,057
23 years$7,443$5,811$4,488$3,434$2,606$897
24 years$7,058$5,445$4,151$3,132$2,343$761
25 years$6,703$5,110$3,845$2,860$2,108$646
26 years$6,377$4,802$3,566$2,615$1,899$549
27 years$6,075$4,519$3,311$2,394$1,712$466
28 years$5,795$4,259$3,078$2,193$1,545$396
29 years$5,535$4,018$2,864$2,011$1,395$337
30 years$5,292$3,794$2,668$1,846$1,260$287
31 years$5,066$3,587$2,487$1,695$1,140$244
32 years$4,855$3,394$2,321$1,558$1,031$208
33 years$4,656$3,214$2,167$1,433$933$177
34 years$4,470$3,046$2,025$1,318$845$150
35 years$4,295$2,889$1,893$1,213$765$128
36 years$4,129$2,742$1,771$1,118$693$109
37 years$3,974$2,604$1,657$1,030$628$93
38 years$3,826$2,475$1,552$949$570$79
39 years$3,687$2,354$1,454$875$516$67
40 years$3,555$2,239$1,363$807$468$57
41 years$3,429$2,132$1,278$745$425$49
42 years$3,310$2,030$1,199$687$386$42
43 years$3,197$1,934$1,125$634$350$35
44 years$3,089$1,844$1,056$586$318$30
45 years$2,986$1,758$991$541$288$26
46 years$2,889$1,677$931$500$262$22
47 years$2,795$1,601$875$462$238$19
48 years$2,706$1,528$822$427$216$16
49 years$2,620$1,459$773$394$196$14
50 years$2,539$1,394$726$364$178$11

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 $6,093 every year, while hoping to spend $28,616 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: 63/19/18 Blend
52$2,600,000$2,600,000$2,600,000$2,600,000
53$2,871,485$2,733,685$2,693,385$3,038,958
54$3,133,929$2,837,188$2,753,166$3,255,837
55$3,422,184$2,944,804$2,813,991$3,488,801
56$3,738,851$3,056,704$2,875,864$3,742,542
57$4,086,798$3,173,066$2,938,789$4,019,087
58$4,469,182$3,294,078$3,002,770$4,320,666
59$4,889,484$3,419,934$3,067,809$4,649,735
60$5,351,537$3,550,836$3,133,906$5,008,995
61$5,859,565$3,686,997$3,201,062$5,401,422
62$6,418,219$3,828,639$3,269,276$5,830,288
63$7,032,627$3,975,992$3,338,547$6,299,200
64$7,708,437$4,129,297$3,408,870$6,812,126
65$8,451,871$4,288,806$3,480,241$7,373,436
66$9,269,787$4,454,783$3,552,654$7,987,941
67$10,169,738$4,627,500$3,626,101$8,660,940
68$11,160,049$4,807,246$3,700,573$9,398,267
69$12,249,892$4,994,318$3,776,060$10,206,347
70$13,449,371$5,189,030$3,852,548$11,092,256
71$14,769,622$5,391,708$3,930,023$12,063,787
72$16,222,913$5,602,691$4,008,469$13,129,523
73$17,822,764$5,822,337$4,087,866$14,298,917
74$19,584,071$6,051,016$4,168,195$15,582,381
75$21,523,248$6,289,118$4,249,431$16,991,384
76$23,658,381$6,537,046$4,331,549$18,538,559
77$26,009,400$6,795,226$4,414,520$20,237,822
78$28,598,267$7,064,100$4,498,314$22,104,501
79$31,449,178$7,344,129$4,582,896$24,155,483
80$34,588,800$7,635,797$4,668,229$26,409,370
81$38,046,515$7,939,609$4,754,272$28,886,654
82$41,854,702$8,256,091$4,840,982$31,609,910
83$46,049,038$8,585,796$4,928,311$34,604,011
84$50,668,838$8,929,299$5,016,208$37,896,357
85$55,757,427$9,287,201$5,104,618$41,517,134
86$61,362,543$9,660,133$5,193,481$45,499,602
87$67,536,793$10,048,750$5,282,734$49,880,402
88$74,338,148$10,453,741$5,372,308$54,699,905
89$81,830,488$10,875,823$5,462,129$60,002,591
90$90,084,207$11,315,748$5,552,120$65,837,466
91$99,176,876$11,774,300$5,642,196$72,258,527
92$109,193,976$12,252,299$5,732,268$79,325,265
93$120,229,704$12,750,603$5,822,241$87,103,232
94$132,387,860$13,270,110$5,912,013$95,664,653
95$145,782,833$13,811,756$6,001,476$105,089,109
96$160,540,673$14,376,523$6,090,516$115,464,287
97$176,800,283$14,965,435$6,179,010$126,886,804
98$194,714,735$15,579,564$6,266,830$139,463,120
99$214,452,707$16,220,031$6,353,837$153,310,540
100$236,200,079$16,888,009$6,439,887$168,558,322