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%13.6%
1 years$215,531$213,612$211,738$209,910$208,125$205,015
2 years$106,699$104,712$102,786$100,918$99,107$95,981
3 years$70,426$68,430$66,509$64,659$62,878$59,832
4 years$52,293$50,303$48,402$46,583$44,845$41,904
5 years$41,416$39,438$37,562$35,781$34,090$31,262
6 years$34,167$32,204$30,355$28,614$26,975$24,263
7 years$28,992$27,045$25,225$23,525$21,938$19,343
8 years$25,112$23,183$21,393$19,735$18,199$15,722
9 years$22,095$20,185$18,426$16,810$15,326$12,964
10 years$19,684$17,792$16,064$14,490$13,059$10,810
11 years$17,712$15,839$14,143$12,611$11,231$9,094
12 years$16,070$14,216$12,551$11,061$9,733$7,705
13 years$14,682$12,847$11,214$9,765$8,487$6,565
14 years$13,493$11,678$10,076$8,669$7,440$5,621
15 years$12,463$10,668$9,097$7,731$6,550$4,831
16 years$11,563$9,788$8,248$6,922$5,789$4,166
17 years$10,770$9,014$7,505$6,220$5,133$3,603
18 years$10,066$8,329$6,851$5,605$4,564$3,123
19 years$9,436$7,720$6,272$5,065$4,068$2,713
20 years$8,871$7,173$5,756$4,587$3,634$2,361
21 years$8,359$6,682$5,294$4,163$3,252$2,057
22 years$7,895$6,237$4,880$3,785$2,915$1,795
23 years$7,472$5,834$4,505$3,447$2,617$1,568
24 years$7,085$5,466$4,167$3,144$2,352$1,371
25 years$6,729$5,129$3,859$2,871$2,116$1,200
26 years$6,401$4,821$3,579$2,625$1,906$1,051
27 years$6,098$4,537$3,324$2,403$1,719$921
28 years$5,817$4,275$3,090$2,202$1,551$807
29 years$5,556$4,033$2,875$2,019$1,400$708
30 years$5,313$3,809$2,678$1,853$1,265$622
31 years$5,086$3,600$2,497$1,702$1,144$546
32 years$4,873$3,407$2,330$1,564$1,035$479
33 years$4,674$3,226$2,175$1,438$936$421
34 years$4,487$3,058$2,032$1,323$848$370
35 years$4,311$2,900$1,900$1,218$768$325
36 years$4,145$2,753$1,778$1,122$696$286
37 years$3,989$2,615$1,664$1,034$631$251
38 years$3,841$2,485$1,558$953$572$221
39 years$3,701$2,363$1,460$879$518$194
40 years$3,568$2,248$1,368$810$470$171
41 years$3,442$2,140$1,283$748$427$150
42 years$3,323$2,038$1,203$690$387$132
43 years$3,209$1,942$1,129$637$351$116
44 years$3,101$1,851$1,060$588$319$102
45 years$2,998$1,765$995$543$290$90
46 years$2,900$1,684$935$502$263$79
47 years$2,806$1,607$878$463$239$70
48 years$2,716$1,534$825$428$217$61
49 years$2,630$1,465$776$396$197$54
50 years$2,548$1,399$729$366$179$48

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 $4,190 every year, while hoping to spend $24,595 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: 68/26/6 Blend
52$2,610,000$2,610,000$2,610,000$2,610,000
53$2,880,542$2,742,212$2,701,757$3,073,646
54$3,148,188$2,850,411$2,766,097$3,310,274
55$3,442,310$2,963,088$2,831,768$3,565,551
56$3,765,583$3,080,436$2,898,789$3,844,031
57$4,120,951$3,202,657$2,967,178$4,147,979
58$4,511,663$3,329,962$3,036,953$4,479,887
59$4,941,294$3,462,572$3,108,132$4,842,496
60$5,413,785$3,600,717$3,180,734$5,238,822
61$5,933,477$3,744,638$3,254,774$5,672,187
62$6,505,154$3,894,587$3,330,271$6,146,243
63$7,134,085$4,050,827$3,407,240$6,665,013
64$7,826,077$4,213,633$3,485,699$7,232,925
65$8,587,529$4,383,293$3,565,661$7,854,853
66$9,425,489$4,560,106$3,647,143$8,536,161
67$10,347,725$4,744,388$3,730,158$9,282,757
68$11,362,796$4,936,465$3,814,721$10,101,145
69$12,480,131$5,136,682$3,900,844$10,998,486
70$13,710,121$5,345,397$3,988,540$11,982,665
71$15,064,217$5,562,985$4,077,820$13,062,365
72$16,555,034$5,789,838$4,168,693$14,247,148
73$18,196,474$6,026,366$4,261,171$15,547,544
74$20,003,854$6,272,998$4,355,260$16,975,148
75$21,994,055$6,530,183$4,450,969$18,542,733
76$24,185,675$6,798,388$4,548,303$20,264,365
77$26,599,210$7,078,104$4,647,266$22,155,535
78$29,257,242$7,369,845$4,747,863$24,233,307
79$32,184,659$7,674,145$4,850,095$26,516,476
80$35,408,882$7,991,567$4,953,961$29,025,745
81$38,960,130$8,322,695$5,059,461$31,783,917
82$42,871,701$8,668,145$5,166,590$34,816,113
83$47,180,287$9,028,557$5,275,344$38,150,003
84$51,926,323$9,404,603$5,385,714$41,816,070
85$57,154,365$9,796,985$5,497,693$45,847,893
86$62,913,511$10,206,438$5,611,266$50,282,465
87$69,257,866$10,633,730$5,726,420$55,160,538
88$76,247,051$11,079,666$5,843,138$60,527,009
89$83,946,767$11,545,086$5,961,400$66,431,340
90$92,429,413$12,030,871$6,081,183$72,928,021
91$101,774,771$12,537,942$6,202,460$80,077,090
92$112,070,760$13,067,263$6,325,204$87,944,688
93$123,414,260$13,619,841$6,449,381$96,603,689
94$135,912,034$14,196,733$6,574,955$106,134,382
95$149,681,731$14,799,043$6,701,886$116,625,227
96$164,852,997$15,427,925$6,830,128$128,173,688
97$181,568,699$16,084,590$6,959,635$140,887,151
98$199,986,276$16,770,304$7,090,351$154,883,937
99$220,279,218$17,486,392$7,222,221$170,294,410
100$242,638,713$18,234,239$7,355,179$187,262,214