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%16.5%
1 years$215,531$213,612$211,738$209,910$208,125$202,601
2 years$106,699$104,712$102,786$100,918$99,107$93,580
3 years$70,426$68,430$66,509$64,659$62,878$57,521
4 years$52,293$50,303$48,402$46,583$44,845$39,699
5 years$41,416$39,438$37,562$35,781$34,090$29,170
6 years$34,167$32,204$30,355$28,614$26,975$22,285
7 years$28,992$27,045$25,225$23,525$21,938$17,478
8 years$25,112$23,183$21,393$19,735$18,199$13,968
9 years$22,095$20,185$18,426$16,810$15,326$11,320
10 years$19,684$17,792$16,064$14,490$13,059$9,272
11 years$17,712$15,839$14,143$12,611$11,231$7,658
12 years$16,070$14,216$12,551$11,061$9,733$6,367
13 years$14,682$12,847$11,214$9,765$8,487$5,322
14 years$13,493$11,678$10,076$8,669$7,440$4,467
15 years$12,463$10,668$9,097$7,731$6,550$3,763
16 years$11,563$9,788$8,248$6,922$5,789$3,180
17 years$10,770$9,014$7,505$6,220$5,133$2,693
18 years$10,066$8,329$6,851$5,605$4,564$2,285
19 years$9,436$7,720$6,272$5,065$4,068$1,943
20 years$8,871$7,173$5,756$4,587$3,634$1,654
21 years$8,359$6,682$5,294$4,163$3,252$1,410
22 years$7,895$6,237$4,880$3,785$2,915$1,203
23 years$7,472$5,834$4,505$3,447$2,617$1,027
24 years$7,085$5,466$4,167$3,144$2,352$878
25 years$6,729$5,129$3,859$2,871$2,116$751
26 years$6,401$4,821$3,579$2,625$1,906$643
27 years$6,098$4,537$3,324$2,403$1,719$550
28 years$5,817$4,275$3,090$2,202$1,551$471
29 years$5,556$4,033$2,875$2,019$1,400$404
30 years$5,313$3,809$2,678$1,853$1,265$346
31 years$5,086$3,600$2,497$1,702$1,144$296
32 years$4,873$3,407$2,330$1,564$1,035$254
33 years$4,674$3,226$2,175$1,438$936$218
34 years$4,487$3,058$2,032$1,323$848$187
35 years$4,311$2,900$1,900$1,218$768$160
36 years$4,145$2,753$1,778$1,122$696$137
37 years$3,989$2,615$1,664$1,034$631$118
38 years$3,841$2,485$1,558$953$572$101
39 years$3,701$2,363$1,460$879$518$87
40 years$3,568$2,248$1,368$810$470$74
41 years$3,442$2,140$1,283$748$427$64
42 years$3,323$2,038$1,203$690$387$55
43 years$3,209$1,942$1,129$637$351$47
44 years$3,101$1,851$1,060$588$319$40
45 years$2,998$1,765$995$543$290$35
46 years$2,900$1,684$935$502$263$30
47 years$2,806$1,607$878$463$239$26
48 years$2,716$1,534$825$428$217$22
49 years$2,630$1,465$776$396$197$19
50 years$2,548$1,399$729$366$179$16

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 $3,542 every year, while hoping to spend $34,243 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$2,610,000$2,610,000$2,610,000$2,610,000
53$2,879,874$2,741,544$2,701,089$3,047,991
54$3,137,186$2,839,445$2,755,141$3,259,392
55$3,419,597$2,940,996$2,809,856$3,485,969
56$3,729,631$3,046,339$2,865,220$3,732,602
57$4,070,066$3,155,622$2,921,218$4,001,248
58$4,443,966$3,269,001$2,977,833$4,294,062
59$4,854,705$3,386,637$3,035,044$4,613,414
60$5,305,999$3,508,696$3,092,832$4,961,914
61$5,801,942$3,635,354$3,151,174$5,342,435
62$6,347,046$3,766,792$3,210,044$5,758,141
63$6,946,280$3,903,199$3,269,415$6,212,514
64$7,605,118$4,044,774$3,329,258$6,709,390
65$8,329,592$4,191,720$3,389,541$7,252,990
66$9,126,349$4,344,253$3,450,229$7,847,966
67$10,002,710$4,502,594$3,511,285$8,499,438
68$10,966,742$4,666,977$3,572,668$9,213,046
69$12,027,334$4,837,643$3,634,336$9,995,001
70$13,194,278$5,014,844$3,696,243$10,852,144
71$14,478,366$5,198,842$3,758,338$11,792,009
72$15,891,486$5,389,912$3,820,570$12,822,895
73$17,446,738$5,588,339$3,882,880$13,953,945
74$19,158,558$5,794,420$3,945,209$15,195,226
75$21,042,849$6,008,465$4,007,491$16,557,832
76$23,117,137$6,230,796$4,069,659$18,053,980
77$25,400,731$6,461,752$4,131,639$19,697,130
78$27,914,909$6,701,682$4,193,353$21,502,112
79$30,683,119$6,950,952$4,254,719$23,485,259
80$33,731,193$7,209,945$4,315,648$25,664,568
81$37,087,600$7,479,058$4,376,048$28,059,865
82$40,783,710$7,758,706$4,435,820$30,692,993
83$44,854,087$8,049,322$4,494,859$33,588,017
84$49,336,822$8,351,357$4,553,055$36,771,449
85$54,273,886$8,665,281$4,610,290$40,272,503
86$59,711,529$8,991,587$4,666,441$44,123,361
87$65,700,715$9,330,784$4,721,377$48,359,485
88$72,297,604$9,683,409$4,774,959$53,019,945
89$79,564,081$10,050,018$4,827,042$58,147,790
90$87,568,341$10,431,192$4,877,472$63,790,451
91$96,385,530$10,827,539$4,926,085$70,000,192
92$106,098,457$11,239,692$4,972,712$76,834,596
93$116,798,373$11,668,310$5,017,171$84,357,115
94$128,585,834$12,114,084$5,059,273$92,637,663
95$141,571,647$12,577,732$5,098,817$101,753,276
96$155,877,920$13,060,006$5,135,592$111,788,838
97$171,639,211$13,561,689$5,169,378$122,837,884
98$189,003,798$14,083,600$5,199,940$135,003,476
99$208,135,081$14,626,592$5,227,033$148,399,182
100$229,213,122$15,191,556$5,250,401$163,150,141