Can I retire at age 53 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$216,357$214,430$212,550$210,714$208,922$202,397
2 years$107,108$105,113$103,179$101,305$99,487$92,971
3 years$70,696$68,692$66,764$64,907$63,119$56,816
4 years$52,493$50,496$48,587$46,762$45,017$38,976
5 years$41,575$39,590$37,706$35,918$34,221$28,459
6 years$34,298$32,328$30,472$28,724$27,078$21,599
7 years$29,103$27,149$25,322$23,615$22,022$16,825
8 years$25,208$23,272$21,475$19,810$18,269$13,352
9 years$22,180$20,262$18,497$16,874$15,385$10,742
10 years$19,759$17,860$16,126$14,546$13,109$8,733
11 years$17,780$15,900$14,197$12,659$11,274$7,157
12 years$16,132$14,271$12,599$11,104$9,770$5,903
13 years$14,738$12,897$11,257$9,803$8,520$4,894
14 years$13,544$11,723$10,114$8,702$7,468$4,075
15 years$12,511$10,709$9,132$7,761$6,576$3,404
16 years$11,608$9,825$8,279$6,949$5,812$2,851
17 years$10,811$9,049$7,534$6,243$5,153$2,394
18 years$10,104$8,361$6,877$5,627$4,582$2,013
19 years$9,472$7,749$6,296$5,084$4,084$1,696
20 years$8,905$7,201$5,778$4,605$3,648$1,431
21 years$8,391$6,707$5,315$4,179$3,264$1,209
22 years$7,925$6,261$4,898$3,800$2,926$1,022
23 years$7,501$5,856$4,523$3,460$2,627$864
24 years$7,112$5,487$4,183$3,156$2,361$732
25 years$6,755$5,149$3,874$2,882$2,124$620
26 years$6,426$4,839$3,593$2,635$1,914$525
27 years$6,121$4,554$3,336$2,412$1,725$445
28 years$5,839$4,291$3,102$2,210$1,557$378
29 years$5,577$4,048$2,886$2,027$1,406$320
30 years$5,333$3,823$2,689$1,860$1,270$272
31 years$5,105$3,614$2,506$1,708$1,148$231
32 years$4,892$3,420$2,339$1,570$1,039$196
33 years$4,692$3,239$2,184$1,444$940$166
34 years$4,504$3,070$2,040$1,328$851$141
35 years$4,328$2,911$1,907$1,223$771$120
36 years$4,161$2,763$1,784$1,126$698$102
37 years$4,004$2,625$1,670$1,038$633$86
38 years$3,856$2,494$1,564$956$574$73
39 years$3,715$2,372$1,465$882$520$62
40 years$3,582$2,257$1,373$813$472$53
41 years$3,456$2,148$1,288$750$428$45
42 years$3,336$2,046$1,208$693$389$38
43 years$3,222$1,949$1,134$639$353$32
44 years$3,113$1,858$1,064$590$320$28
45 years$3,009$1,772$999$545$291$23
46 years$2,911$1,690$938$504$264$20
47 years$2,817$1,613$882$465$240$17
48 years$2,726$1,540$828$430$218$14
49 years$2,640$1,470$779$397$198$12
50 years$2,558$1,405$732$367$180$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,620,000, adding $4,155 every year, while hoping to spend $39,075 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: 77/18/5 Blend
52$2,620,000$2,620,000$2,620,000$2,620,000
53$2,891,526$2,752,666$2,712,056$3,113,098
54$3,144,886$2,845,971$2,761,334$3,352,331
55$3,422,779$2,942,538$2,810,954$3,609,050
56$3,727,667$3,042,487$2,860,885$3,889,331
57$4,062,259$3,145,939$2,911,095$4,195,499
58$4,429,543$3,253,024$2,961,550$4,530,109
59$4,832,807$3,363,872$3,012,212$4,895,975
60$5,275,675$3,478,623$3,063,043$5,296,196
61$5,762,137$3,597,420$3,113,999$5,734,184
62$6,296,592$3,720,410$3,165,034$6,213,695
63$6,883,883$3,847,748$3,216,101$6,738,867
64$7,529,346$3,979,595$3,267,148$7,314,256
65$8,238,860$4,116,116$3,318,118$7,944,878
66$9,018,903$4,257,485$3,368,954$8,636,259
67$9,876,610$4,403,881$3,419,593$9,394,487
68$10,819,843$4,555,490$3,469,968$10,226,262
69$11,857,264$4,712,506$3,520,010$11,138,969
70$12,998,417$4,875,131$3,569,642$12,140,740
71$14,253,816$5,043,573$3,618,786$13,240,533
72$15,635,048$5,218,050$3,667,357$14,448,215
73$17,154,876$5,398,788$3,715,267$15,774,657
74$18,827,365$5,586,021$3,762,420$17,231,831
75$20,668,014$5,779,993$3,808,719$18,832,930
76$22,693,897$5,980,958$3,854,056$20,592,485
77$24,923,828$6,189,179$3,898,321$22,526,506
78$27,378,541$6,404,931$3,941,397$24,652,630
79$30,080,877$6,628,497$3,983,158$26,990,287
80$33,056,007$6,860,175$4,023,475$29,560,886
81$36,331,668$7,100,271$4,062,210$32,388,013
82$39,938,420$7,349,107$4,099,216$35,497,654
83$43,909,940$7,607,014$4,134,341$38,918,439
84$48,283,336$7,874,340$4,167,424$42,681,913
85$53,099,498$8,151,444$4,198,294$46,822,832
86$58,403,483$8,438,701$4,226,773$51,379,492
87$64,244,941$8,736,500$4,252,673$56,394,087
88$70,678,584$9,045,247$4,275,796$61,913,107
89$77,764,699$9,365,364$4,295,934$67,987,778
90$85,569,720$9,697,288$4,312,869$74,674,545
91$94,166,853$10,041,477$4,326,372$82,035,600
92$103,636,768$10,398,405$4,336,202$90,139,472
93$114,068,358$10,768,568$4,342,105$99,061,672
94$125,559,581$11,152,478$4,343,816$108,885,403
95$138,218,381$11,550,671$4,341,056$119,702,349
96$152,163,707$11,963,706$4,333,533$131,613,532
97$167,526,639$12,392,161$4,320,940$144,730,273
98$184,451,620$12,836,641$4,302,955$159,175,237
99$203,097,823$13,297,774$4,279,242$175,083,588
100$223,640,651$13,776,215$4,249,447$192,604,270