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

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$217,183$215,248$213,361$211,519$209,720$205,486
2 years$107,516$105,514$103,573$101,692$99,867$95,619
3 years$70,966$68,955$67,019$65,155$63,359$59,231
4 years$52,694$50,689$48,773$46,940$45,189$41,212
5 years$41,734$39,741$37,849$36,055$34,352$30,537
6 years$34,429$32,451$30,588$28,833$27,181$23,533
7 years$29,214$27,253$25,419$23,705$22,106$18,625
8 years$25,304$23,360$21,557$19,886$18,339$15,025
9 years$22,265$20,339$18,567$16,938$15,444$12,294
10 years$19,835$17,928$16,187$14,601$13,159$10,170
11 years$17,848$15,960$14,251$12,707$11,317$8,486
12 years$16,193$14,325$12,647$11,146$9,807$7,129
13 years$14,794$12,946$11,300$9,840$8,552$6,023
14 years$13,596$11,767$10,153$8,735$7,497$5,111
15 years$12,559$10,750$9,167$7,790$6,601$4,354
16 years$11,652$9,863$8,311$6,975$5,834$3,721
17 years$10,853$9,083$7,563$6,267$5,173$3,188
18 years$10,143$8,393$6,904$5,648$4,599$2,738
19 years$9,509$7,779$6,320$5,103$4,099$2,355
20 years$8,939$7,228$5,800$4,622$3,662$2,030
21 years$8,423$6,733$5,335$4,195$3,277$1,751
22 years$7,956$6,285$4,917$3,814$2,937$1,513
23 years$7,529$5,878$4,540$3,474$2,637$1,309
24 years$7,139$5,508$4,199$3,168$2,370$1,133
25 years$6,781$5,169$3,889$2,893$2,132$981
26 years$6,450$4,858$3,607$2,645$1,921$850
27 years$6,145$4,572$3,349$2,421$1,732$737
28 years$5,862$4,308$3,113$2,219$1,563$640
29 years$5,599$4,064$2,897$2,035$1,411$555
30 years$5,354$3,838$2,699$1,867$1,275$482
31 years$5,125$3,628$2,516$1,715$1,153$419
32 years$4,911$3,433$2,347$1,576$1,043$364
33 years$4,710$3,251$2,192$1,449$944$316
34 years$4,521$3,081$2,048$1,333$854$275
35 years$4,344$2,922$1,915$1,227$774$239
36 years$4,177$2,774$1,791$1,130$701$208
37 years$4,019$2,635$1,676$1,042$635$181
38 years$3,870$2,504$1,570$960$576$157
39 years$3,729$2,381$1,471$885$522$137
40 years$3,596$2,265$1,379$816$474$119
41 years$3,469$2,156$1,293$753$430$103
42 years$3,348$2,054$1,213$695$390$90
43 years$3,234$1,957$1,138$642$354$78
44 years$3,125$1,865$1,068$593$321$68
45 years$3,021$1,778$1,003$547$292$59
46 years$2,922$1,697$942$506$265$52
47 years$2,827$1,619$885$467$241$45
48 years$2,737$1,546$832$432$218$39
49 years$2,650$1,476$782$399$198$34
50 years$2,568$1,410$735$369$180$30

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 $3,848 every year, while hoping to spend $25,566 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: 38/41/21 Blend
52$2,630,000$2,630,000$2,630,000$2,630,000
53$2,902,229$2,762,839$2,722,074$2,994,131
54$3,171,055$2,871,016$2,786,062$3,169,171
55$3,466,443$2,983,637$2,851,336$3,355,529
56$3,791,078$3,100,893$2,917,913$3,556,411
57$4,147,913$3,222,982$2,985,808$3,773,144
58$4,540,205$3,350,113$3,055,038$4,007,186
59$4,971,542$3,482,504$3,125,617$4,260,134
60$5,445,873$3,620,381$3,197,560$4,533,745
61$5,967,555$3,763,982$3,270,880$4,829,947
62$6,541,383$3,913,555$3,345,593$5,150,858
63$7,172,644$4,069,359$3,421,710$5,498,807
64$7,867,160$4,231,664$3,499,244$5,876,351
65$8,631,349$4,400,754$3,578,207$6,286,301
66$9,472,280$4,576,924$3,658,610$6,731,748
67$10,397,742$4,760,484$3,740,463$7,216,089
68$11,416,320$4,951,755$3,823,777$7,743,058
69$12,537,469$5,151,076$3,908,558$8,316,765
70$13,771,612$5,358,799$3,994,815$8,941,724
71$15,130,229$5,575,293$4,082,554$9,622,906
72$16,625,974$5,800,944$4,171,781$10,365,775
73$18,272,787$6,036,154$4,262,500$11,176,344
74$20,086,030$6,281,345$4,354,713$12,061,227
75$22,082,631$6,536,957$4,448,421$13,027,703
76$24,281,242$6,803,450$4,543,626$14,083,780
77$26,702,416$7,081,306$4,640,325$15,238,273
78$29,368,801$7,371,028$4,738,514$16,500,881
79$32,305,353$7,673,144$4,838,189$17,882,280
80$35,539,573$7,988,202$4,939,342$19,394,222
81$39,101,765$8,316,779$5,041,965$21,049,642
82$43,025,320$8,659,476$5,146,047$22,862,780
83$47,347,036$9,016,924$5,251,573$24,849,314
84$52,107,461$9,389,781$5,358,528$27,026,503
85$57,351,277$9,778,734$5,466,893$29,413,351
86$63,127,720$10,184,506$5,576,647$32,030,781
87$69,491,050$10,607,848$5,687,766$34,901,833
88$76,501,054$11,049,550$5,800,224$38,051,878
89$84,223,619$11,510,436$5,913,989$41,508,855
90$92,731,349$11,991,367$6,029,028$45,303,531
91$102,104,250$12,493,248$6,145,304$49,469,789
92$112,430,488$13,017,021$6,262,776$54,044,947
93$123,807,217$13,563,675$6,381,399$59,070,105
94$136,341,501$14,134,242$6,501,123$64,590,531
95$150,151,318$14,729,805$6,621,895$70,656,083
96$165,366,682$15,351,494$6,743,658$77,321,679
97$182,130,860$16,000,494$6,866,347$84,647,810
98$200,601,733$16,678,043$6,989,894$92,701,108
99$220,953,280$17,385,439$7,114,227$101,554,971
100$243,377,226$18,124,037$7,239,265$111,290,252