Can I retire at age 53 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$219,660$217,704$215,795$213,932$212,112$210,335
2 years$108,743$106,717$104,755$102,852$101,006$99,215
3 years$71,775$69,741$67,783$65,898$64,082$62,333
4 years$53,295$51,267$49,329$47,476$45,704$44,009
5 years$42,210$40,194$38,281$36,466$34,743$33,109
6 years$34,822$32,821$30,937$29,162$27,491$25,919
7 years$29,547$27,563$25,709$23,976$22,358$20,848
8 years$25,593$23,627$21,803$20,113$18,548$17,101
9 years$22,519$20,571$18,779$17,132$15,620$14,235
10 years$20,061$18,133$16,372$14,768$13,309$11,986
11 years$18,051$16,143$14,414$12,852$11,446$10,183
12 years$16,378$14,489$12,792$11,273$9,919$8,716
13 years$14,963$13,094$11,429$9,952$8,650$7,504
14 years$13,751$11,902$10,269$8,835$7,582$6,493
15 years$12,702$10,872$9,271$7,879$6,676$5,642
16 years$11,785$9,975$8,406$7,055$5,900$4,920
17 years$10,976$9,187$7,649$6,339$5,232$4,303
18 years$10,259$8,489$6,982$5,712$4,652$3,773
19 years$9,617$7,868$6,392$5,162$4,146$3,316
20 years$9,040$7,311$5,866$4,675$3,703$2,919
21 years$8,519$6,810$5,396$4,243$3,314$2,575
22 years$8,046$6,357$4,973$3,858$2,971$2,274
23 years$7,615$5,945$4,592$3,513$2,667$2,011
24 years$7,220$5,570$4,247$3,204$2,397$1,780
25 years$6,858$5,227$3,933$2,926$2,157$1,578
26 years$6,524$4,913$3,648$2,676$1,943$1,399
27 years$6,215$4,624$3,387$2,449$1,752$1,242
28 years$5,929$4,357$3,149$2,244$1,580$1,103
29 years$5,662$4,110$2,930$2,058$1,427$980
30 years$5,415$3,882$2,730$1,888$1,289$872
31 years$5,183$3,669$2,545$1,734$1,166$775
32 years$4,967$3,472$2,374$1,594$1,055$690
33 years$4,764$3,288$2,217$1,466$954$614
34 years$4,573$3,116$2,071$1,349$864$547
35 years$4,394$2,956$1,937$1,242$783$487
36 years$4,225$2,806$1,812$1,143$709$434
37 years$4,065$2,665$1,696$1,053$643$387
38 years$3,914$2,532$1,588$971$583$345
39 years$3,772$2,408$1,488$895$528$308
40 years$3,637$2,291$1,394$826$479$274
41 years$3,508$2,181$1,307$762$435$245
42 years$3,387$2,077$1,226$703$395$218
43 years$3,271$1,979$1,151$649$358$195
44 years$3,160$1,886$1,080$599$325$174
45 years$3,055$1,799$1,014$554$295$155
46 years$2,955$1,716$953$511$268$138
47 years$2,860$1,638$895$472$243$123
48 years$2,768$1,563$841$436$221$110
49 years$2,681$1,493$791$403$201$98
50 years$2,597$1,426$743$373$182$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,660,000, adding $4,743 every year, while hoping to spend $31,408 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: 75/10/15 Blend
52$2,660,000$2,660,000$2,660,000$2,660,000
53$2,936,212$2,795,232$2,754,002$3,146,516
54$3,202,288$2,898,781$2,812,844$3,389,723
55$3,494,451$3,006,351$2,872,603$3,651,834
56$3,815,329$3,118,105$2,933,279$3,938,263
57$4,167,816$3,234,216$2,994,868$4,251,418
58$4,555,101$3,354,861$3,057,364$4,593,954
59$4,980,698$3,480,226$3,120,762$4,968,792
60$5,448,477$3,610,504$3,185,055$5,379,150
61$5,962,701$3,745,899$3,250,234$5,828,573
62$6,528,068$3,886,619$3,316,288$6,320,964
63$7,149,753$4,032,886$3,383,207$6,860,621
64$7,833,459$4,184,928$3,450,975$7,452,279
65$8,585,467$4,342,985$3,519,578$8,101,153
66$9,412,700$4,507,306$3,588,998$8,812,988
67$10,322,783$4,678,152$3,659,217$9,594,111
68$11,324,119$4,855,793$3,730,213$10,451,492
69$12,425,966$5,040,514$3,801,962$11,392,809
70$13,638,525$5,232,610$3,874,439$12,426,521
71$14,973,037$5,432,390$3,947,615$13,561,945
72$16,441,885$5,640,175$4,021,458$14,809,346
73$18,058,716$5,856,303$4,095,936$16,180,033
74$19,838,566$6,081,123$4,171,011$17,686,466
75$21,798,003$6,315,001$4,246,643$19,342,369
76$23,955,284$6,558,321$4,322,790$21,162,865
77$26,330,525$6,811,481$4,399,406$23,164,615
78$28,945,893$7,074,897$4,476,440$25,365,977
79$31,825,812$7,349,005$4,553,839$27,787,174
80$34,997,197$7,634,259$4,631,545$30,450,491
81$38,489,705$7,931,132$4,709,496$33,380,479
82$42,336,018$8,240,120$4,787,627$36,604,192
83$46,572,146$8,561,740$4,865,866$40,151,435
84$51,237,771$8,896,531$4,944,139$44,055,052
85$56,376,621$9,245,059$5,022,365$48,351,230
86$62,036,880$9,607,911$5,100,458$53,079,842
87$68,271,646$9,985,703$5,178,328$58,284,823
88$75,139,429$10,379,077$5,255,876$64,014,586
89$82,704,704$10,788,705$5,333,001$70,322,473
90$91,038,520$11,215,288$5,409,593$77,267,264
91$100,219,170$11,659,558$5,485,536$84,913,726
92$110,332,931$12,122,281$5,560,707$93,333,229
93$121,474,874$12,604,258$5,634,975$102,604,413
94$133,749,767$13,106,322$5,708,202$112,813,936
95$147,273,060$13,629,348$5,780,243$124,057,285
96$162,171,974$14,174,248$5,850,943$136,439,682
97$178,586,704$14,741,975$5,920,139$150,077,073
98$196,671,743$15,333,527$5,987,659$165,097,224
99$216,597,335$15,949,944$6,053,320$181,640,923
100$238,551,088$16,592,316$6,116,930$199,863,313