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

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$218,009$216,067$214,172$212,323$210,517$204,599
2 years$107,925$105,915$103,967$102,078$100,246$94,329
3 years$71,235$69,217$67,274$65,403$63,600$57,869
4 years$52,894$50,882$48,958$47,119$45,360$39,859
5 years$41,892$39,892$37,993$36,192$34,482$29,226
6 years$34,560$32,575$30,704$28,943$27,285$22,279
7 years$29,325$27,356$25,515$23,796$22,190$17,434
8 years$25,400$23,449$21,639$19,961$18,408$13,900
9 years$22,349$20,417$18,638$17,003$15,503$11,238
10 years$19,910$17,996$16,249$14,657$13,209$9,182
11 years$17,916$16,021$14,305$12,756$11,360$7,564
12 years$16,255$14,380$12,695$11,188$9,844$6,272
13 years$14,850$12,995$11,343$9,878$8,585$5,228
14 years$13,648$11,812$10,191$8,768$7,525$4,377
15 years$12,606$10,791$9,201$7,820$6,626$3,677
16 years$11,696$9,900$8,342$7,002$5,856$3,098
17 years$10,894$9,118$7,591$6,291$5,192$2,616
18 years$10,181$8,425$6,930$5,669$4,617$2,213
19 years$9,545$7,808$6,344$5,123$4,115$1,876
20 years$8,973$7,256$5,822$4,640$3,676$1,592
21 years$8,455$6,759$5,355$4,211$3,289$1,353
22 years$7,986$6,309$4,936$3,829$2,948$1,151
23 years$7,558$5,901$4,557$3,487$2,647$980
24 years$7,166$5,528$4,215$3,180$2,379$835
25 years$6,806$5,188$3,904$2,904$2,141$712
26 years$6,475$4,876$3,620$2,656$1,928$607
27 years$6,168$4,589$3,362$2,431$1,738$518
28 years$5,884$4,324$3,125$2,227$1,569$442
29 years$5,620$4,079$2,908$2,042$1,416$377
30 years$5,374$3,852$2,709$1,874$1,280$322
31 years$5,144$3,642$2,526$1,721$1,157$275
32 years$4,929$3,446$2,356$1,582$1,047$235
33 years$4,728$3,263$2,200$1,455$947$201
34 years$4,539$3,093$2,056$1,339$858$172
35 years$4,361$2,934$1,922$1,232$777$147
36 years$4,193$2,784$1,798$1,135$704$126
37 years$4,035$2,645$1,683$1,046$638$107
38 years$3,885$2,513$1,576$964$578$92
39 years$3,743$2,390$1,476$889$524$79
40 years$3,609$2,274$1,384$820$476$67
41 years$3,482$2,164$1,298$756$432$57
42 years$3,361$2,061$1,217$698$392$49
43 years$3,246$1,964$1,142$644$355$42
44 years$3,137$1,872$1,072$595$323$36
45 years$3,032$1,785$1,007$549$293$31
46 years$2,933$1,703$946$507$266$26
47 years$2,838$1,625$888$469$241$22
48 years$2,747$1,551$835$433$219$19
49 years$2,661$1,482$785$400$199$16
50 years$2,578$1,415$738$370$181$14

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 $6,165 every year, while hoping to spend $59,273 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: 70/13/17 Blend
52$2,640,000$2,640,000$2,640,000$2,640,000
53$2,915,639$2,775,719$2,734,799$3,107,609
54$3,149,968$2,848,663$2,763,349$3,309,128
55$3,406,213$2,923,195$2,790,869$3,521,960
56$3,686,544$2,999,330$2,817,261$3,753,398
57$3,993,357$3,077,082$2,842,424$4,005,274
58$4,329,283$3,156,463$2,866,249$4,279,601
59$4,697,225$3,237,485$2,888,624$4,578,599
60$5,100,378$3,320,157$2,909,428$4,904,714
61$5,542,259$3,404,488$2,928,537$5,260,638
62$6,026,744$3,490,482$2,945,817$5,649,339
63$6,558,100$3,578,144$2,961,130$6,074,084
64$7,141,028$3,667,475$2,974,330$6,538,476
65$7,780,706$3,758,475$2,985,263$7,046,480
66$8,482,837$3,851,139$2,993,769$7,602,468
67$9,253,703$3,945,461$2,999,677$8,211,255
68$10,100,225$4,041,432$3,002,809$8,878,148
69$11,030,025$4,139,039$3,002,980$9,608,992
70$12,051,501$4,238,266$2,999,994$10,410,230
71$13,173,904$4,339,091$2,993,644$11,288,958
72$14,407,427$4,441,492$2,983,716$12,252,999
73$15,763,298$4,545,438$2,969,983$13,310,969
74$17,253,886$4,650,896$2,952,210$14,472,367
75$18,892,820$4,757,828$2,930,146$15,747,655
76$20,695,116$4,866,189$2,903,534$17,148,365
77$22,677,315$4,975,930$2,872,100$18,687,204
78$24,857,644$5,086,993$2,835,558$20,378,174
79$27,256,185$5,199,317$2,793,611$22,236,705
80$29,895,063$5,312,832$2,745,944$24,279,801
81$32,798,658$5,427,459$2,692,232$26,526,200
82$35,993,830$5,543,113$2,632,130$28,996,551
83$39,510,175$5,659,700$2,565,281$31,713,609
84$43,380,304$5,777,116$2,491,309$34,702,449
85$47,640,149$5,895,249$2,409,822$37,990,707
86$52,329,303$6,013,975$2,320,410$41,608,835
87$57,491,391$6,133,158$2,222,642$45,590,393
88$63,174,483$6,252,654$2,116,071$49,972,363
89$69,431,548$6,372,302$2,000,228$54,795,503
90$76,320,952$6,491,931$1,874,621$60,104,725
91$83,907,008$6,611,354$1,738,740$65,949,527
92$92,260,583$6,730,370$1,592,048$72,384,455
93$101,459,767$6,848,763$1,433,986$79,469,619
94$111,590,609$6,966,298$1,263,970$87,271,263
95$122,747,929$7,082,724$1,081,390$95,862,391
96$135,036,209$7,197,769$885,609$105,323,453
97$148,570,586$7,311,144$675,960$115,743,108
98$163,477,931$7,422,535$451,750$127,219,061
99$179,898,049$7,531,608$212,253$139,858,985
100$197,984,999$7,638,006$0$153,781,540