Can I retire at age 53 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$215,531$213,612$211,738$209,910$208,125$201,948
2 years$106,699$104,712$102,786$100,918$99,107$92,935
3 years$70,426$68,430$66,509$64,659$62,878$56,904
4 years$52,293$50,303$48,402$46,583$44,845$39,115
5 years$41,416$39,438$37,562$35,781$34,090$28,620
6 years$34,167$32,204$30,355$28,614$26,975$21,769
7 years$28,992$27,045$25,225$23,525$21,938$16,997
8 years$25,112$23,183$21,393$19,735$18,199$13,520
9 years$22,095$20,185$18,426$16,810$15,326$10,904
10 years$19,684$17,792$16,064$14,490$13,059$8,886
11 years$17,712$15,839$14,143$12,611$11,231$7,302
12 years$16,070$14,216$12,551$11,061$9,733$6,039
13 years$14,682$12,847$11,214$9,765$8,487$5,020
14 years$13,493$11,678$10,076$8,669$7,440$4,191
15 years$12,463$10,668$9,097$7,731$6,550$3,511
16 years$11,563$9,788$8,248$6,922$5,789$2,949
17 years$10,770$9,014$7,505$6,220$5,133$2,483
18 years$10,066$8,329$6,851$5,605$4,564$2,095
19 years$9,436$7,720$6,272$5,065$4,068$1,770
20 years$8,871$7,173$5,756$4,587$3,634$1,498
21 years$8,359$6,682$5,294$4,163$3,252$1,269
22 years$7,895$6,237$4,880$3,785$2,915$1,076
23 years$7,472$5,834$4,505$3,447$2,617$913
24 years$7,085$5,466$4,167$3,144$2,352$776
25 years$6,729$5,129$3,859$2,871$2,116$659
26 years$6,401$4,821$3,579$2,625$1,906$560
27 years$6,098$4,537$3,324$2,403$1,719$477
28 years$5,817$4,275$3,090$2,202$1,551$405
29 years$5,556$4,033$2,875$2,019$1,400$345
30 years$5,313$3,809$2,678$1,853$1,265$294
31 years$5,086$3,600$2,497$1,702$1,144$250
32 years$4,873$3,407$2,330$1,564$1,035$213
33 years$4,674$3,226$2,175$1,438$936$181
34 years$4,487$3,058$2,032$1,323$848$155
35 years$4,311$2,900$1,900$1,218$768$132
36 years$4,145$2,753$1,778$1,122$696$112
37 years$3,989$2,615$1,664$1,034$631$96
38 years$3,841$2,485$1,558$953$572$81
39 years$3,701$2,363$1,460$879$518$69
40 years$3,568$2,248$1,368$810$470$59
41 years$3,442$2,140$1,283$748$427$50
42 years$3,323$2,038$1,203$690$387$43
43 years$3,209$1,942$1,129$637$351$37
44 years$3,101$1,851$1,060$588$319$31
45 years$2,998$1,765$995$543$290$27
46 years$2,900$1,684$935$502$263$23
47 years$2,806$1,607$878$463$239$19
48 years$2,716$1,534$825$428$217$16
49 years$2,630$1,465$776$396$197$14
50 years$2,548$1,399$729$366$179$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,610,000, adding $2,709 every year, while hoping to spend $42,088 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: 44/45/11 Blend
52$2,610,000$2,610,000$2,610,000$2,610,000
53$2,879,014$2,740,684$2,700,229$2,996,495
54$3,127,892$2,830,197$2,745,906$3,167,977
55$3,400,746$2,922,684$2,791,702$3,349,243
56$3,699,975$3,018,249$2,837,577$3,544,763
57$4,028,224$3,116,995$2,883,488$3,755,863
58$4,388,407$3,219,032$2,929,388$3,984,002
59$4,783,732$3,324,472$2,975,230$4,230,784
60$5,217,732$3,433,431$3,020,960$4,497,972
61$5,694,302$3,546,029$3,066,523$4,787,503
62$6,217,729$3,662,393$3,111,860$5,101,509
63$6,792,737$3,782,650$3,156,907$5,442,336
64$7,424,532$3,906,936$3,201,599$5,812,562
65$8,118,846$4,035,388$3,245,865$6,215,025
66$8,881,996$4,168,149$3,289,629$6,652,847
67$9,720,941$4,305,370$3,332,813$7,129,463
68$10,643,347$4,447,203$3,375,332$7,648,654
69$11,657,661$4,593,809$3,417,098$8,214,582
70$12,773,188$4,745,351$3,458,017$8,831,825
71$14,000,183$4,902,003$3,497,990$9,505,426
72$15,349,941$5,063,941$3,536,912$10,240,933
73$16,834,909$5,231,348$3,574,673$11,044,456
74$18,468,801$5,404,415$3,611,156$11,922,721
75$20,266,728$5,583,340$3,646,238$12,883,134
76$22,245,337$5,768,327$3,679,790$13,933,851
77$24,422,973$5,959,587$3,711,675$15,083,849
78$26,819,850$6,157,340$3,741,749$16,343,018
79$29,458,238$6,361,813$3,769,862$17,722,247
80$32,362,679$6,573,243$3,795,853$19,233,529
81$35,560,214$6,791,873$3,819,556$20,890,072
82$39,080,639$7,017,958$3,840,793$22,706,423
83$42,956,785$7,251,759$3,859,381$24,698,605
84$47,224,830$7,493,548$3,875,124$26,884,267
85$51,924,640$7,743,609$3,887,817$29,282,847
86$57,100,140$8,002,233$3,897,246$31,915,760
87$62,799,737$8,269,725$3,903,186$34,806,593
88$69,076,766$8,546,398$3,905,399$37,981,332
89$75,990,003$8,832,578$3,903,637$41,468,599
90$83,604,214$9,128,605$3,897,639$45,299,931
91$91,990,766$9,434,829$3,887,133$49,510,065
92$101,228,303$9,751,614$3,871,830$54,137,274
93$111,403,484$10,079,338$3,851,431$59,223,722
94$122,611,806$10,418,391$3,825,620$64,815,863
95$134,958,499$10,769,181$3,794,067$70,964,875
96$148,559,524$11,132,129$3,756,426$77,727,146
97$163,542,664$11,507,672$3,712,335$85,164,800
98$180,048,731$11,896,264$3,661,414$93,346,285
99$198,232,896$12,298,375$3,603,265$102,347,019
100$218,266,150$12,714,494$3,537,474$112,250,095