Can I retire at age 53 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$218,009$216,067$214,172$212,323$210,517$205,095
2 years$107,925$105,915$103,967$102,078$100,246$94,820
3 years$71,235$69,217$67,274$65,403$63,600$58,339
4 years$52,894$50,882$48,958$47,119$45,360$40,305
5 years$41,892$39,892$37,993$36,192$34,482$29,646
6 years$34,560$32,575$30,704$28,943$27,285$22,673
7 years$29,325$27,356$25,515$23,796$22,190$17,803
8 years$25,400$23,449$21,639$19,961$18,408$14,245
9 years$22,349$20,417$18,638$17,003$15,503$11,558
10 years$19,910$17,996$16,249$14,657$13,209$9,479
11 years$17,916$16,021$14,305$12,756$11,360$7,839
12 years$16,255$14,380$12,695$11,188$9,844$6,526
13 years$14,850$12,995$11,343$9,878$8,585$5,462
14 years$13,648$11,812$10,191$8,768$7,525$4,591
15 years$12,606$10,791$9,201$7,820$6,626$3,873
16 years$11,696$9,900$8,342$7,002$5,856$3,277
17 years$10,894$9,118$7,591$6,291$5,192$2,780
18 years$10,181$8,425$6,930$5,669$4,617$2,362
19 years$9,545$7,808$6,344$5,123$4,115$2,011
20 years$8,973$7,256$5,822$4,640$3,676$1,715
21 years$8,455$6,759$5,355$4,211$3,289$1,464
22 years$7,986$6,309$4,936$3,829$2,948$1,251
23 years$7,558$5,901$4,557$3,487$2,647$1,070
24 years$7,166$5,528$4,215$3,180$2,379$916
25 years$6,806$5,188$3,904$2,904$2,141$785
26 years$6,475$4,876$3,620$2,656$1,928$673
27 years$6,168$4,589$3,362$2,431$1,738$577
28 years$5,884$4,324$3,125$2,227$1,569$495
29 years$5,620$4,079$2,908$2,042$1,416$424
30 years$5,374$3,852$2,709$1,874$1,280$364
31 years$5,144$3,642$2,526$1,721$1,157$313
32 years$4,929$3,446$2,356$1,582$1,047$269
33 years$4,728$3,263$2,200$1,455$947$231
34 years$4,539$3,093$2,056$1,339$858$198
35 years$4,361$2,934$1,922$1,232$777$170
36 years$4,193$2,784$1,798$1,135$704$146
37 years$4,035$2,645$1,683$1,046$638$126
38 years$3,885$2,513$1,576$964$578$108
39 years$3,743$2,390$1,476$889$524$93
40 years$3,609$2,274$1,384$820$476$80
41 years$3,482$2,164$1,298$756$432$69
42 years$3,361$2,061$1,217$698$392$59
43 years$3,246$1,964$1,142$644$355$51
44 years$3,137$1,872$1,072$595$323$44
45 years$3,032$1,785$1,007$549$293$37
46 years$2,933$1,703$946$507$266$32
47 years$2,838$1,625$888$469$241$28
48 years$2,747$1,551$835$433$219$24
49 years$2,661$1,482$785$400$199$20
50 years$2,578$1,415$738$370$181$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,640,000, adding $5,194 every year, while hoping to spend $38,178 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: 62/8/30 Blend
52$2,640,000$2,640,000$2,640,000$2,640,000
53$2,914,638$2,774,718$2,733,798$3,071,452
54$3,171,310$2,870,058$2,784,759$3,274,172
55$3,452,882$2,968,790$2,836,147$3,490,871
56$3,761,856$3,071,040$2,887,938$3,726,714
57$4,100,983$3,176,939$2,940,102$3,983,585
58$4,473,297$3,286,623$2,992,609$4,263,558
59$4,882,139$3,400,232$3,045,426$4,568,917
60$5,331,188$3,517,915$3,098,519$4,902,178
61$5,824,499$3,639,822$3,151,849$5,266,112
62$6,366,537$3,766,113$3,205,376$5,663,772
63$6,962,224$3,896,953$3,259,056$6,098,519
64$7,616,979$4,032,512$3,312,843$6,574,057
65$8,336,775$4,172,968$3,366,687$7,094,466
66$9,128,189$4,318,508$3,420,534$7,664,240
67$9,998,472$4,469,322$3,474,330$8,288,331
68$10,955,609$4,625,611$3,528,012$8,972,193
69$12,008,398$4,787,583$3,581,517$9,721,835
70$13,166,534$4,955,454$3,634,778$10,543,878
71$14,440,698$5,129,449$3,687,720$11,445,617
72$15,842,659$5,309,802$3,740,269$12,435,088
73$17,385,384$5,496,756$3,792,342$13,521,147
74$19,083,160$5,690,564$3,843,852$14,713,549
75$20,951,730$5,891,489$3,894,709$16,023,044
76$23,008,440$6,099,806$3,944,815$17,461,478
77$25,272,403$6,315,798$3,994,069$19,041,900
78$27,764,679$6,539,763$4,042,361$20,778,692
79$30,508,473$6,772,009$4,089,577$22,687,700
80$33,529,357$7,012,856$4,135,597$24,786,383
81$36,855,504$7,262,639$4,180,292$27,093,981
82$40,517,962$7,521,705$4,223,528$29,631,693
83$44,550,941$7,790,416$4,265,164$32,422,881
84$48,992,140$8,069,148$4,305,049$35,493,285
85$53,883,095$8,358,294$4,343,026$38,871,272
86$59,269,582$8,658,261$4,378,928$42,588,099
87$65,202,038$8,969,475$4,412,581$46,678,208
88$71,736,044$9,292,378$4,443,801$51,179,555
89$78,932,846$9,627,429$4,472,393$56,133,964
90$86,859,933$9,975,110$4,498,155$61,587,524
91$95,591,675$10,335,919$4,520,872$67,591,023
92$105,210,023$10,710,376$4,540,318$74,200,428
93$115,805,284$11,099,024$4,556,258$81,477,413
94$127,476,974$11,502,426$4,568,443$89,489,941
95$140,334,751$11,921,171$4,576,612$98,312,904
96$154,499,458$12,355,871$4,580,491$108,028,834
97$170,104,258$12,807,164$4,579,793$118,728,677
98$187,295,892$13,275,715$4,574,216$130,512,655
99$206,236,065$13,762,216$4,563,443$143,491,213
100$227,102,968$14,267,390$4,547,144$157,786,055