Can I retire at age 53 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$218,835$216,885$214,983$213,127$211,315$203,979
2 years$108,334$106,316$104,361$102,465$100,626$93,312
3 years$71,505$69,479$67,528$65,650$63,841$56,778
4 years$53,094$51,074$49,143$47,297$45,532$38,773
5 years$42,051$40,043$38,137$36,329$34,613$28,177
6 years$34,691$32,698$30,821$29,053$27,388$21,279
7 years$29,436$27,460$25,612$23,886$22,274$16,491
8 years$25,496$23,538$21,721$20,037$18,478$13,018
9 years$22,434$20,494$18,708$17,067$15,561$10,416
10 years$19,985$18,065$16,310$14,712$13,259$8,420
11 years$17,983$16,082$14,359$12,804$11,403$6,860
12 years$16,316$14,434$12,744$11,231$9,882$5,625
13 years$14,907$13,044$11,386$9,915$8,617$4,635
14 years$13,699$11,857$10,230$8,801$7,554$3,835
15 years$12,654$10,831$9,236$7,849$6,651$3,183
16 years$11,740$9,938$8,374$7,028$5,878$2,649
17 years$10,935$9,152$7,620$6,315$5,212$2,209
18 years$10,220$8,457$6,956$5,691$4,634$1,846
19 years$9,581$7,838$6,368$5,142$4,131$1,545
20 years$9,007$7,283$5,844$4,657$3,689$1,294
21 years$8,487$6,784$5,376$4,227$3,302$1,085
22 years$8,016$6,333$4,954$3,843$2,959$911
23 years$7,587$5,923$4,575$3,500$2,657$765
24 years$7,193$5,549$4,231$3,192$2,388$643
25 years$6,832$5,208$3,918$2,915$2,149$541
26 years$6,499$4,895$3,634$2,666$1,935$455
27 years$6,192$4,606$3,375$2,440$1,745$383
28 years$5,906$4,341$3,137$2,235$1,575$322
29 years$5,641$4,095$2,919$2,050$1,422$271
30 years$5,394$3,867$2,719$1,881$1,285$229
31 years$5,164$3,656$2,535$1,728$1,161$193
32 years$4,948$3,459$2,365$1,588$1,051$162
33 years$4,746$3,276$2,209$1,460$951$137
34 years$4,556$3,105$2,064$1,344$861$115
35 years$4,377$2,945$1,929$1,237$780$97
36 years$4,209$2,795$1,805$1,139$706$82
37 years$4,050$2,655$1,689$1,050$640$69
38 years$3,900$2,523$1,582$967$580$58
39 years$3,758$2,399$1,482$892$526$49
40 years$3,623$2,282$1,389$823$477$41
41 years$3,495$2,173$1,303$759$433$35
42 years$3,374$2,069$1,222$701$393$29
43 years$3,258$1,971$1,147$647$357$25
44 years$3,149$1,879$1,076$597$324$21
45 years$3,044$1,792$1,011$551$294$18
46 years$2,944$1,710$949$509$267$15
47 years$2,849$1,631$892$471$242$13
48 years$2,758$1,557$838$435$220$11
49 years$2,671$1,487$788$402$200$9
50 years$2,587$1,421$740$371$182$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,650,000, adding $6,417 every year, while hoping to spend $53,632 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: 74/20/6 Blend
52$2,650,000$2,650,000$2,650,000$2,650,000
53$2,926,919$2,786,469$2,745,394$3,141,109
54$3,168,401$2,865,942$2,780,301$3,362,430
55$3,432,716$2,947,512$2,814,579$3,597,369
56$3,722,138$3,031,224$2,848,152$3,853,193
57$4,039,167$3,117,126$2,880,937$4,131,947
58$4,386,561$3,205,264$2,912,847$4,435,882
59$4,767,355$3,295,686$2,943,792$4,767,479
60$5,184,890$3,388,440$2,973,674$5,129,466
61$5,642,849$3,483,573$3,002,392$5,524,851
62$6,145,286$3,581,135$3,029,838$5,956,944
63$6,696,668$3,681,173$3,055,901$6,429,390
64$7,301,914$3,783,737$3,080,460$6,946,205
65$7,966,445$3,888,875$3,103,391$7,511,810
66$8,696,229$3,996,637$3,124,561$8,131,077
67$9,497,844$4,107,072$3,143,833$8,809,369
68$10,378,533$4,220,227$3,161,061$9,552,596
69$11,346,277$4,336,153$3,176,090$10,367,268
70$12,409,869$4,454,896$3,188,761$11,260,554
71$13,578,995$4,576,505$3,198,904$12,240,353
72$14,864,327$4,701,028$3,206,341$13,315,367
73$16,277,621$4,828,511$3,210,886$14,495,182
74$17,831,830$4,959,000$3,212,343$15,790,359
75$19,541,227$5,092,541$3,210,507$17,212,532
76$21,421,534$5,229,178$3,205,161$18,774,521
77$23,490,076$5,368,953$3,196,079$20,490,448
78$25,765,942$5,511,909$3,183,026$22,375,874
79$28,270,162$5,658,087$3,165,751$24,447,942
80$31,025,909$5,807,524$3,143,994$26,725,542
81$34,058,716$5,960,257$3,117,483$29,229,487
82$37,396,717$6,116,321$3,085,930$31,982,708
83$41,070,911$6,275,749$3,049,037$35,010,474
84$45,115,453$6,438,571$3,006,490$38,340,624
85$49,567,981$6,604,813$2,957,959$42,003,838
86$54,469,966$6,774,499$2,903,101$46,033,917
87$59,867,104$6,947,651$2,841,556$50,468,110
88$65,809,748$7,124,285$2,772,948$55,347,457
89$72,353,381$7,304,414$2,696,881$60,717,184
90$79,559,143$7,488,048$2,612,943$66,627,124
91$87,494,403$7,675,189$2,520,704$73,132,192
92$96,233,396$7,865,838$2,419,712$80,292,896
93$105,857,926$8,059,987$2,309,495$88,175,915
94$116,458,132$8,257,624$2,189,561$96,854,724
95$128,133,344$8,458,731$2,059,394$106,410,290
96$140,993,018$8,663,280$1,918,456$116,931,830
97$155,157,765$8,871,241$1,766,184$128,517,663
98$170,760,495$9,082,570$1,601,989$141,276,128
99$187,947,668$9,297,218$1,425,258$155,326,612
100$206,880,675$9,515,127$1,235,349$170,800,675