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

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$216,357$214,430$212,550$210,714$208,922$200,951
2 years$107,108$105,113$103,179$101,305$99,487$91,549
3 years$70,696$68,692$66,764$64,907$63,119$55,465
4 years$52,493$50,496$48,587$46,762$45,017$37,705
5 years$41,575$39,590$37,706$35,918$34,221$27,271
6 years$34,298$32,328$30,472$28,724$27,078$20,493
7 years$29,103$27,149$25,322$23,615$22,022$15,801
8 years$25,208$23,272$21,475$19,810$18,269$12,406
9 years$22,180$20,262$18,497$16,874$15,385$9,872
10 years$19,759$17,860$16,126$14,546$13,109$7,935
11 years$17,780$15,900$14,197$12,659$11,274$6,427
12 years$16,132$14,271$12,599$11,104$9,770$5,238
13 years$14,738$12,897$11,257$9,803$8,520$4,290
14 years$13,544$11,723$10,114$8,702$7,468$3,527
15 years$12,511$10,709$9,132$7,761$6,576$2,909
16 years$11,608$9,825$8,279$6,949$5,812$2,405
17 years$10,811$9,049$7,534$6,243$5,153$1,993
18 years$10,104$8,361$6,877$5,627$4,582$1,654
19 years$9,472$7,749$6,296$5,084$4,084$1,374
20 years$8,905$7,201$5,778$4,605$3,648$1,144
21 years$8,391$6,707$5,315$4,179$3,264$952
22 years$7,925$6,261$4,898$3,800$2,926$794
23 years$7,501$5,856$4,523$3,460$2,627$662
24 years$7,112$5,487$4,183$3,156$2,361$553
25 years$6,755$5,149$3,874$2,882$2,124$461
26 years$6,426$4,839$3,593$2,635$1,914$385
27 years$6,121$4,554$3,336$2,412$1,725$322
28 years$5,839$4,291$3,102$2,210$1,557$269
29 years$5,577$4,048$2,886$2,027$1,406$225
30 years$5,333$3,823$2,689$1,860$1,270$188
31 years$5,105$3,614$2,506$1,708$1,148$157
32 years$4,892$3,420$2,339$1,570$1,039$131
33 years$4,692$3,239$2,184$1,444$940$110
34 years$4,504$3,070$2,040$1,328$851$92
35 years$4,328$2,911$1,907$1,223$771$77
36 years$4,161$2,763$1,784$1,126$698$64
37 years$4,004$2,625$1,670$1,038$633$54
38 years$3,856$2,494$1,564$956$574$45
39 years$3,715$2,372$1,465$882$520$38
40 years$3,582$2,257$1,373$813$472$32
41 years$3,456$2,148$1,288$750$428$26
42 years$3,336$2,046$1,208$693$389$22
43 years$3,222$1,949$1,134$639$353$18
44 years$3,113$1,858$1,064$590$320$15
45 years$3,009$1,772$999$545$291$13
46 years$2,911$1,690$938$504$264$11
47 years$2,817$1,613$882$465$240$9
48 years$2,726$1,540$828$430$218$8
49 years$2,640$1,470$779$397$198$6
50 years$2,558$1,405$732$367$180$5

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 $5,849 every year, while hoping to spend $29,717 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: 66/18/16 Blend
52$2,620,000$2,620,000$2,620,000$2,620,000
53$2,893,273$2,754,413$2,713,803$3,072,687
54$3,156,768$2,857,761$2,773,097$3,296,719
55$3,446,144$2,965,176$2,833,381$3,537,520
56$3,764,009$3,076,828$2,894,657$3,800,008
57$4,113,236$3,192,891$2,956,927$4,086,306
58$4,496,991$3,313,548$3,020,189$4,398,752
59$4,918,762$3,438,989$3,084,443$4,739,917
60$5,382,390$3,569,414$3,149,686$5,112,633
61$5,892,109$3,705,030$3,215,916$5,520,018
62$6,452,582$3,846,054$3,283,126$5,965,504
63$7,068,946$3,992,712$3,351,312$6,452,869
64$7,746,863$4,145,239$3,420,465$6,986,274
65$8,492,569$4,303,882$3,490,577$7,570,300
66$9,312,936$4,468,897$3,561,636$8,209,993
67$10,215,536$4,640,554$3,633,631$8,910,906
68$11,208,710$4,819,130$3,706,547$9,679,160
69$12,301,650$5,004,920$3,780,369$10,521,490
70$13,504,485$5,198,227$3,855,077$11,445,319
71$14,828,372$5,399,370$3,930,652$12,458,819
72$16,285,609$5,608,682$4,007,072$13,570,993
73$17,889,743$5,826,509$4,084,311$14,791,756
74$19,655,703$6,053,215$4,162,342$16,132,031
75$21,599,940$6,289,177$4,241,135$17,603,847
76$23,740,578$6,534,791$4,320,658$19,220,459
77$26,097,591$6,790,470$4,400,874$20,996,464
78$28,692,986$7,056,644$4,481,744$22,947,944
79$31,551,016$7,333,764$4,563,227$25,092,617
80$34,698,401$7,622,301$4,645,277$27,449,999
81$38,164,589$7,922,745$4,727,845$30,041,592
82$41,982,028$8,235,610$4,810,878$32,891,084
83$46,186,471$8,561,431$4,894,320$36,024,573
84$50,817,320$8,900,770$4,978,108$39,470,810
85$55,917,990$9,254,210$5,062,177$43,261,474
86$61,536,323$9,622,365$5,146,458$47,431,464
87$67,725,039$10,005,872$5,230,876$52,019,232
88$74,542,232$10,405,399$5,315,350$57,067,147
89$82,051,920$10,821,644$5,399,794$62,621,885
90$90,324,647$11,255,336$5,484,119$68,734,879
91$99,438,151$11,707,237$5,568,226$75,462,796
92$109,478,094$12,178,143$5,652,014$82,868,075
93$120,538,875$12,668,888$5,735,371$91,019,512
94$132,724,517$13,180,340$5,818,183$99,992,912
95$146,149,650$13,713,409$5,900,325$109,871,798
96$160,940,596$14,269,047$5,981,667$120,748,204
97$177,236,553$14,848,247$6,062,069$132,723,538
98$195,190,919$15,452,049$6,141,386$145,909,541
99$214,972,731$16,081,538$6,219,461$160,429,338
100$236,768,267$16,737,851$6,296,131$176,418,598