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

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$215,531$213,612$211,738$209,910$208,125$203,011
2 years$106,699$104,712$102,786$100,918$99,107$93,987
3 years$70,426$68,430$66,509$64,659$62,878$57,911
4 years$52,293$50,303$48,402$46,583$44,845$40,069
5 years$41,416$39,438$37,562$35,781$34,090$29,520
6 years$34,167$32,204$30,355$28,614$26,975$22,613
7 years$28,992$27,045$25,225$23,525$21,938$17,786
8 years$25,112$23,183$21,393$19,735$18,199$14,256
9 years$22,095$20,185$18,426$16,810$15,326$11,588
10 years$19,684$17,792$16,064$14,490$13,059$9,521
11 years$17,712$15,839$14,143$12,611$11,231$7,889
12 years$16,070$14,216$12,551$11,061$9,733$6,581
13 years$14,682$12,847$11,214$9,765$8,487$5,519
14 years$13,493$11,678$10,076$8,669$7,440$4,649
15 years$12,463$10,668$9,097$7,731$6,550$3,930
16 years$11,563$9,788$8,248$6,922$5,789$3,332
17 years$10,770$9,014$7,505$6,220$5,133$2,832
18 years$10,066$8,329$6,851$5,605$4,564$2,413
19 years$9,436$7,720$6,272$5,065$4,068$2,059
20 years$8,871$7,173$5,756$4,587$3,634$1,760
21 years$8,359$6,682$5,294$4,163$3,252$1,506
22 years$7,895$6,237$4,880$3,785$2,915$1,290
23 years$7,472$5,834$4,505$3,447$2,617$1,106
24 years$7,085$5,466$4,167$3,144$2,352$949
25 years$6,729$5,129$3,859$2,871$2,116$815
26 years$6,401$4,821$3,579$2,625$1,906$700
27 years$6,098$4,537$3,324$2,403$1,719$602
28 years$5,817$4,275$3,090$2,202$1,551$517
29 years$5,556$4,033$2,875$2,019$1,400$445
30 years$5,313$3,809$2,678$1,853$1,265$383
31 years$5,086$3,600$2,497$1,702$1,144$329
32 years$4,873$3,407$2,330$1,564$1,035$284
33 years$4,674$3,226$2,175$1,438$936$244
34 years$4,487$3,058$2,032$1,323$848$210
35 years$4,311$2,900$1,900$1,218$768$181
36 years$4,145$2,753$1,778$1,122$696$156
37 years$3,989$2,615$1,664$1,034$631$134
38 years$3,841$2,485$1,558$953$572$116
39 years$3,701$2,363$1,460$879$518$100
40 years$3,568$2,248$1,368$810$470$86
41 years$3,442$2,140$1,283$748$427$74
42 years$3,323$2,038$1,203$690$387$64
43 years$3,209$1,942$1,129$637$351$55
44 years$3,101$1,851$1,060$588$319$47
45 years$2,998$1,765$995$543$290$41
46 years$2,900$1,684$935$502$263$35
47 years$2,806$1,607$878$463$239$30
48 years$2,716$1,534$825$428$217$26
49 years$2,630$1,465$776$396$197$23
50 years$2,548$1,399$729$366$179$19

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 $2,110 every year, while hoping to spend $27,840 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: 60/32/8 Blend
52$2,610,000$2,610,000$2,610,000$2,610,000
53$2,878,396$2,740,066$2,699,611$3,046,012
54$3,142,371$2,844,708$2,760,427$3,263,236
55$3,432,339$2,953,544$2,822,347$3,496,691
56$3,750,920$3,066,751$2,885,378$3,750,626
57$4,101,004$3,184,512$2,949,528$4,027,014
58$4,485,772$3,307,019$3,014,804$4,328,025
59$4,908,731$3,434,473$3,081,209$4,656,043
60$5,373,742$3,567,082$3,148,750$5,013,693
61$5,885,060$3,705,065$3,217,429$5,403,863
62$6,447,373$3,848,650$3,287,250$5,829,728
63$7,065,846$3,998,075$3,358,214$6,294,784
64$7,746,170$4,153,588$3,430,322$6,802,876
65$8,494,614$4,315,449$3,503,573$7,358,239
66$9,318,087$4,483,929$3,577,965$7,965,530
67$10,224,201$4,659,311$3,653,496$8,629,877
68$11,221,342$4,841,889$3,730,161$9,356,925
69$12,318,751$5,031,974$3,807,953$10,152,886
70$13,526,610$5,229,887$3,886,866$11,024,600
71$14,856,138$5,435,965$3,966,890$11,979,599
72$16,319,697$5,650,561$4,048,013$13,026,173
73$17,930,909$5,874,040$4,130,224$14,173,450
74$19,704,782$6,106,789$4,213,507$15,431,483
75$21,657,855$6,349,206$4,297,845$16,811,341
76$23,808,351$6,601,713$4,383,218$18,325,212
77$26,176,353$6,864,746$4,469,605$19,986,519
78$28,783,986$7,138,764$4,556,982$21,810,044
79$31,655,634$7,424,245$4,645,322$23,812,068
80$34,818,163$7,721,688$4,734,596$26,010,521
81$38,301,181$8,031,616$4,824,770$28,425,151
82$42,137,311$8,354,575$4,915,809$31,077,709
83$46,362,503$8,691,135$5,007,675$33,992,155
84$51,016,370$9,041,893$5,100,324$37,194,877
85$56,142,567$9,407,472$5,193,711$40,714,945
86$61,789,194$9,788,524$5,287,786$44,584,379
87$68,009,261$10,185,730$5,382,496$48,838,452
88$74,861,178$10,599,803$5,477,782$53,516,020
89$82,409,311$11,031,487$5,573,581$58,659,888
90$90,724,592$11,481,561$5,669,827$64,317,210
91$99,885,182$11,950,838$5,766,447$70,539,934
92$109,977,212$12,440,171$5,863,365$77,385,290
93$121,095,597$12,950,449$5,960,497$84,916,329
94$133,344,930$13,482,603$6,057,756$93,202,511
95$146,840,468$14,037,606$6,155,046$102,320,365
96$161,709,224$14,616,476$6,252,268$112,354,205
97$178,091,160$15,220,279$6,349,314$123,396,922
98$196,140,513$15,850,127$6,446,071$135,550,863
99$216,027,247$16,507,186$6,542,416$148,928,790
100$237,938,661$17,192,673$6,638,222$163,654,942