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%13%
1 years$216,357$214,430$212,550$210,714$208,922$206,312
2 years$107,108$105,113$103,179$101,305$99,487$96,860
3 years$70,696$68,692$66,764$64,907$63,119$60,557
4 years$52,493$50,496$48,587$46,762$45,017$42,540
5 years$41,575$39,590$37,706$35,918$34,221$31,837
6 years$34,298$32,328$30,472$28,724$27,078$24,789
7 years$29,103$27,149$25,322$23,615$22,022$19,829
8 years$25,208$23,272$21,475$19,810$18,269$16,172
9 years$22,180$20,262$18,497$16,874$15,385$13,383
10 years$19,759$17,860$16,126$14,546$13,109$11,201
11 years$17,780$15,900$14,197$12,659$11,274$9,458
12 years$16,132$14,271$12,599$11,104$9,770$8,043
13 years$14,738$12,897$11,257$9,803$8,520$6,881
14 years$13,544$11,723$10,114$8,702$7,468$5,914
15 years$12,511$10,709$9,132$7,761$6,576$5,105
16 years$11,608$9,825$8,279$6,949$5,812$4,420
17 years$10,811$9,049$7,534$6,243$5,153$3,839
18 years$10,104$8,361$6,877$5,627$4,582$3,342
19 years$9,472$7,749$6,296$5,084$4,084$2,916
20 years$8,905$7,201$5,778$4,605$3,648$2,549
21 years$8,391$6,707$5,315$4,179$3,264$2,231
22 years$7,925$6,261$4,898$3,800$2,926$1,956
23 years$7,501$5,856$4,523$3,460$2,627$1,716
24 years$7,112$5,487$4,183$3,156$2,361$1,508
25 years$6,755$5,149$3,874$2,882$2,124$1,326
26 years$6,426$4,839$3,593$2,635$1,914$1,167
27 years$6,121$4,554$3,336$2,412$1,725$1,027
28 years$5,839$4,291$3,102$2,210$1,557$905
29 years$5,577$4,048$2,886$2,027$1,406$798
30 years$5,333$3,823$2,689$1,860$1,270$704
31 years$5,105$3,614$2,506$1,708$1,148$621
32 years$4,892$3,420$2,339$1,570$1,039$548
33 years$4,692$3,239$2,184$1,444$940$484
34 years$4,504$3,070$2,040$1,328$851$427
35 years$4,328$2,911$1,907$1,223$771$377
36 years$4,161$2,763$1,784$1,126$698$333
37 years$4,004$2,625$1,670$1,038$633$295
38 years$3,856$2,494$1,564$956$574$260
39 years$3,715$2,372$1,465$882$520$230
40 years$3,582$2,257$1,373$813$472$204
41 years$3,456$2,148$1,288$750$428$180
42 years$3,336$2,046$1,208$693$389$159
43 years$3,222$1,949$1,134$639$353$141
44 years$3,113$1,858$1,064$590$320$124
45 years$3,009$1,772$999$545$291$110
46 years$2,911$1,690$938$504$264$97
47 years$2,817$1,613$882$465$240$86
48 years$2,726$1,540$828$430$218$76
49 years$2,640$1,470$779$397$198$67
50 years$2,558$1,405$732$367$180$60

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 $4,336 every year, while hoping to spend $29,671 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: 60/33/7 Blend
52$2,620,000$2,620,000$2,620,000$2,620,000
53$2,891,713$2,752,853$2,712,243$3,060,816
54$3,155,098$2,856,173$2,771,533$3,277,895
55$3,444,353$2,963,561$2,831,815$3,510,766
56$3,762,087$3,075,186$2,893,091$3,764,007
57$4,111,172$3,191,222$2,955,362$4,039,580
58$4,494,773$3,311,852$3,018,627$4,339,639
59$4,916,374$3,437,268$3,082,886$4,666,556
60$5,379,818$3,567,667$3,148,136$5,022,938
61$5,889,335$3,703,259$3,214,374$5,411,656
62$6,449,587$3,844,258$3,281,596$5,835,866
63$7,065,711$3,990,893$3,349,795$6,299,043
64$7,743,364$4,143,397$3,418,964$6,805,009
65$8,488,782$4,302,019$3,489,094$7,357,971
66$9,308,834$4,467,014$3,560,175$7,962,560
67$10,211,089$4,638,651$3,632,194$8,623,871
68$11,203,885$4,817,210$3,705,138$9,347,515
69$12,296,411$5,002,983$3,778,990$10,139,668
70$13,498,792$5,196,276$3,853,733$11,007,128
71$14,822,181$5,397,407$3,929,346$11,957,379
72$16,278,872$5,606,708$4,005,807$12,998,662
73$17,882,408$5,824,527$4,083,092$14,140,052
74$19,647,711$6,051,226$4,161,173$15,391,539
75$21,591,226$6,287,185$4,240,021$16,764,124
76$23,731,072$6,532,798$4,319,603$18,269,924
77$26,087,215$6,788,479$4,399,883$19,922,280
78$28,681,655$7,054,659$4,480,824$21,735,884
79$31,538,635$7,331,788$4,562,382$23,726,921
80$34,684,868$7,620,337$4,644,514$25,913,210
81$38,149,788$7,920,798$4,727,169$28,314,384
82$41,965,834$8,233,684$4,810,296$30,952,062
83$46,168,746$8,559,532$4,893,838$33,850,059
84$50,797,910$8,898,901$4,977,734$37,034,606
85$55,896,728$9,252,378$5,061,920$40,534,599
86$61,513,025$9,620,575$5,146,324$44,381,866
87$67,699,500$10,004,130$5,230,873$48,611,470
88$74,514,229$10,403,713$5,315,487$53,262,034
89$82,021,206$10,820,020$5,400,081$58,376,108
90$90,290,950$11,253,782$5,484,565$64,000,565
91$99,401,171$11,705,761$5,568,842$70,187,043
92$109,437,501$12,176,754$5,652,809$76,992,433
93$120,494,305$12,667,594$5,736,357$84,479,408
94$132,675,570$13,179,152$5,819,371$92,717,018
95$146,095,886$13,712,338$5,901,727$101,781,336
96$160,881,527$14,268,104$5,983,296$111,756,175
97$177,171,646$14,847,444$6,063,939$122,733,877
98$195,119,582$15,451,397$6,143,510$134,816,181
99$214,894,316$16,081,052$6,221,854$148,115,181
100$236,682,058$16,737,545$6,298,808$162,754,381