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%17.5%
1 years$217,183$215,248$213,361$211,519$209,720$203,332
2 years$107,516$105,514$103,573$101,692$99,867$93,486
3 years$70,966$68,955$67,019$65,155$63,359$57,186
4 years$52,694$50,689$48,773$46,940$45,189$39,270
5 years$41,734$39,741$37,849$36,055$34,352$28,703
6 years$34,429$32,451$30,588$28,833$27,181$21,808
7 years$29,214$27,253$25,419$23,705$22,106$17,008
8 years$25,304$23,360$21,557$19,886$18,339$13,513
9 years$22,265$20,339$18,567$16,938$15,444$10,885
10 years$19,835$17,928$16,187$14,601$13,159$8,860
11 years$17,848$15,960$14,251$12,707$11,317$7,271
12 years$16,193$14,325$12,647$11,146$9,807$6,005
13 years$14,794$12,946$11,300$9,840$8,552$4,985
14 years$13,596$11,767$10,153$8,735$7,497$4,156
15 years$12,559$10,750$9,167$7,790$6,601$3,477
16 years$11,652$9,863$8,311$6,975$5,834$2,916
17 years$10,853$9,083$7,563$6,267$5,173$2,452
18 years$10,143$8,393$6,904$5,648$4,599$2,066
19 years$9,509$7,779$6,320$5,103$4,099$1,743
20 years$8,939$7,228$5,800$4,622$3,662$1,473
21 years$8,423$6,733$5,335$4,195$3,277$1,246
22 years$7,956$6,285$4,917$3,814$2,937$1,055
23 years$7,529$5,878$4,540$3,474$2,637$894
24 years$7,139$5,508$4,199$3,168$2,370$758
25 years$6,781$5,169$3,889$2,893$2,132$643
26 years$6,450$4,858$3,607$2,645$1,921$546
27 years$6,145$4,572$3,349$2,421$1,732$463
28 years$5,862$4,308$3,113$2,219$1,563$394
29 years$5,599$4,064$2,897$2,035$1,411$334
30 years$5,354$3,838$2,699$1,867$1,275$284
31 years$5,125$3,628$2,516$1,715$1,153$242
32 years$4,911$3,433$2,347$1,576$1,043$205
33 years$4,710$3,251$2,192$1,449$944$175
34 years$4,521$3,081$2,048$1,333$854$149
35 years$4,344$2,922$1,915$1,227$774$126
36 years$4,177$2,774$1,791$1,130$701$107
37 years$4,019$2,635$1,676$1,042$635$91
38 years$3,870$2,504$1,570$960$576$78
39 years$3,729$2,381$1,471$885$522$66
40 years$3,596$2,265$1,379$816$474$56
41 years$3,469$2,156$1,293$753$430$48
42 years$3,348$2,054$1,213$695$390$41
43 years$3,234$1,957$1,138$642$354$35
44 years$3,125$1,865$1,068$593$321$30
45 years$3,021$1,778$1,003$547$292$25
46 years$2,922$1,697$942$506$265$21
47 years$2,827$1,619$885$467$241$18
48 years$2,737$1,546$832$432$218$15
49 years$2,650$1,476$782$399$198$13
50 years$2,568$1,410$735$369$180$11

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 $3,028 every year, while hoping to spend $22,351 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: 32/38/30 Blend
52$2,630,000$2,630,000$2,630,000$2,630,000
53$2,901,383$2,761,993$2,721,228$2,967,655
54$3,173,543$2,873,550$2,788,608$3,130,639
55$3,472,714$2,989,823$2,857,496$3,303,892
56$3,801,628$3,111,022$2,927,919$3,490,074
57$4,163,294$3,237,361$2,999,904$3,690,342
58$4,561,027$3,369,070$3,073,479$3,905,962
59$4,998,482$3,506,384$3,148,670$4,138,327
60$5,479,682$3,649,552$3,225,505$4,388,963
61$6,009,062$3,798,832$3,304,012$4,659,547
62$6,591,508$3,954,497$3,384,219$4,951,917
63$7,232,404$4,116,829$3,466,152$5,268,093
64$7,937,680$4,286,125$3,549,839$5,610,295
65$8,713,874$4,462,695$3,635,309$5,980,958
66$9,568,185$4,646,863$3,722,588$6,382,761
67$10,508,549$4,838,969$3,811,704$6,818,645
68$11,543,710$5,039,367$3,902,684$7,291,844
69$12,683,300$5,248,427$3,995,556$7,805,911
70$13,937,936$5,466,539$4,090,346$8,364,752
71$15,319,314$5,694,108$4,187,081$8,972,663
72$16,840,323$5,931,559$4,285,788$9,634,366
73$18,515,166$6,179,336$4,386,492$10,355,055
74$20,359,493$6,437,903$4,489,219$11,140,442
75$22,390,548$6,707,747$4,593,995$11,996,810
76$24,627,334$6,989,377$4,700,844$12,931,070
77$27,090,790$7,283,325$4,809,791$13,950,826
78$29,803,990$7,590,147$4,920,858$15,064,445
79$32,792,360$7,910,426$5,034,069$16,281,131
80$36,083,916$8,244,773$5,149,446$17,611,015
81$39,709,534$8,593,825$5,267,010$19,065,246
82$43,703,233$8,958,250$5,386,783$20,656,092
83$48,102,505$9,338,746$5,508,782$22,397,060
84$52,948,661$9,736,045$5,633,027$24,303,015
85$58,287,226$10,150,913$5,759,534$26,390,321
86$64,168,365$10,584,149$5,888,321$28,676,993
87$70,647,360$11,036,594$6,019,401$31,182,864
88$77,785,127$11,509,123$6,152,787$33,929,771
89$85,648,796$12,002,656$6,288,491$36,941,754
90$94,312,341$12,518,155$6,426,524$40,245,287
91$103,857,280$13,056,624$6,566,893$43,869,521
92$114,373,442$13,619,119$6,709,604$47,846,555
93$125,959,819$14,206,742$6,854,661$52,211,737
94$138,725,496$14,820,647$7,002,067$57,003,997
95$152,790,681$15,462,043$7,151,821$62,266,208
96$168,287,844$16,132,197$7,303,920$68,045,586
97$185,362,961$16,832,431$7,458,359$74,394,135
98$204,176,897$17,564,135$7,615,128$81,369,134
99$224,906,923$18,328,760$7,774,218$89,033,671
100$247,748,387$19,127,827$7,935,612$97,457,234