Can I retire at age 53 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$217,183$215,248$213,361$211,519$209,720$206,671
2 years$107,516$105,514$103,573$101,692$99,867$96,801
3 years$70,966$68,955$67,019$65,155$63,359$60,373
4 years$52,694$50,689$48,773$46,940$45,189$42,304
5 years$41,734$39,741$37,849$36,055$34,352$31,578
6 years$34,429$32,451$30,588$28,833$27,181$24,521
7 years$29,214$27,253$25,419$23,705$22,106$19,559
8 years$25,304$23,360$21,557$19,886$18,339$15,907
9 years$22,265$20,339$18,567$16,938$15,444$13,125
10 years$19,835$17,928$16,187$14,601$13,159$10,951
11 years$17,848$15,960$14,251$12,707$11,317$9,218
12 years$16,193$14,325$12,647$11,146$9,807$7,815
13 years$14,794$12,946$11,300$9,840$8,552$6,663
14 years$13,596$11,767$10,153$8,735$7,497$5,708
15 years$12,559$10,750$9,167$7,790$6,601$4,910
16 years$11,652$9,863$8,311$6,975$5,834$4,237
17 years$10,853$9,083$7,563$6,267$5,173$3,667
18 years$10,143$8,393$6,904$5,648$4,599$3,181
19 years$9,509$7,779$6,320$5,103$4,099$2,765
20 years$8,939$7,228$5,800$4,622$3,662$2,408
21 years$8,423$6,733$5,335$4,195$3,277$2,100
22 years$7,956$6,285$4,917$3,814$2,937$1,834
23 years$7,529$5,878$4,540$3,474$2,637$1,603
24 years$7,139$5,508$4,199$3,168$2,370$1,403
25 years$6,781$5,169$3,889$2,893$2,132$1,229
26 years$6,450$4,858$3,607$2,645$1,921$1,077
27 years$6,145$4,572$3,349$2,421$1,732$944
28 years$5,862$4,308$3,113$2,219$1,563$829
29 years$5,599$4,064$2,897$2,035$1,411$728
30 years$5,354$3,838$2,699$1,867$1,275$639
31 years$5,125$3,628$2,516$1,715$1,153$562
32 years$4,911$3,433$2,347$1,576$1,043$494
33 years$4,710$3,251$2,192$1,449$944$434
34 years$4,521$3,081$2,048$1,333$854$382
35 years$4,344$2,922$1,915$1,227$774$336
36 years$4,177$2,774$1,791$1,130$701$295
37 years$4,019$2,635$1,676$1,042$635$260
38 years$3,870$2,504$1,570$960$576$229
39 years$3,729$2,381$1,471$885$522$201
40 years$3,596$2,265$1,379$816$474$177
41 years$3,469$2,156$1,293$753$430$156
42 years$3,348$2,054$1,213$695$390$137
43 years$3,234$1,957$1,138$642$354$121
44 years$3,125$1,865$1,068$593$321$107
45 years$3,021$1,778$1,003$547$292$94
46 years$2,922$1,697$942$506$265$83
47 years$2,827$1,619$885$467$241$73
48 years$2,737$1,546$832$432$218$64
49 years$2,650$1,476$782$399$198$56
50 years$2,568$1,410$735$369$180$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,630,000, adding $6,099 every year, while hoping to spend $49,595 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: 64/25/11 Blend
52$2,630,000$2,630,000$2,630,000$2,630,000
53$2,904,551$2,765,161$2,724,396$3,082,897
54$3,148,047$2,847,885$2,762,895$3,285,498
55$3,414,716$2,933,001$2,801,021$3,500,365
56$3,706,872$3,020,572$2,838,709$3,733,806
57$4,027,059$3,110,666$2,875,892$3,987,626
58$4,378,081$3,203,351$2,912,496$4,263,810
59$4,763,025$3,298,695$2,948,445$4,564,547
60$5,185,292$3,396,770$2,983,656$4,892,245
61$5,648,629$3,497,648$3,018,046$5,249,554
62$6,157,160$3,601,404$3,051,522$5,639,395
63$6,715,432$3,708,114$3,083,989$6,064,981
64$7,328,449$3,817,855$3,115,346$6,529,853
65$8,001,728$3,930,707$3,145,487$7,037,910
66$8,741,344$4,046,751$3,174,300$7,593,444
67$9,553,988$4,166,069$3,201,667$8,201,184
68$10,447,035$4,288,747$3,227,462$8,866,338
69$11,428,606$4,414,869$3,251,556$9,594,644
70$12,507,651$4,544,524$3,273,810$10,392,420
71$13,694,028$4,677,803$3,294,079$11,266,626
72$14,998,599$4,814,796$3,312,212$12,224,931
73$16,433,332$4,955,596$3,328,046$13,275,780
74$18,011,411$5,100,300$3,341,415$14,428,479
75$19,747,363$5,249,003$3,352,141$15,693,279
76$21,657,195$5,401,804$3,360,038$17,081,474
77$23,758,540$5,558,804$3,364,911$18,605,505
78$26,070,831$5,720,105$3,366,555$20,279,081
79$28,615,476$5,885,811$3,364,755$22,117,304
80$31,416,066$6,056,027$3,359,285$24,136,815
81$34,498,593$6,230,860$3,349,910$26,355,946
82$37,891,697$6,410,420$3,336,380$28,794,898
83$41,626,937$6,594,818$3,318,435$31,475,928
84$45,739,085$6,784,165$3,295,804$34,423,559
85$50,266,458$6,978,575$3,268,199$37,664,813
86$55,251,276$7,178,164$3,235,323$41,229,463
87$60,740,060$7,383,048$3,196,860$45,150,315
88$66,784,075$7,593,346$3,152,484$49,463,519
89$73,439,808$7,809,178$3,101,849$54,208,908
90$80,769,504$8,030,663$3,044,597$59,430,371
91$88,841,753$8,257,925$2,980,350$65,176,275
92$97,732,134$8,491,086$2,908,714$71,499,911
93$107,523,933$8,730,270$2,829,277$78,460,004
94$118,308,923$8,975,602$2,741,607$86,121,266
95$130,188,235$9,227,209$2,645,253$94,555,004
96$143,273,309$9,485,216$2,539,743$103,839,794
97$157,686,946$9,749,750$2,424,583$114,062,222
98$173,564,465$10,020,939$2,299,258$125,317,703
99$191,054,986$10,298,910$2,163,228$137,711,379
100$210,322,828$10,583,791$2,015,930$151,359,112