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

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$219,660$217,704$215,795$213,932$212,112$206,398
2 years$108,743$106,717$104,755$102,852$101,006$95,290
3 years$71,775$69,741$67,783$65,898$64,082$58,544
4 years$53,295$51,267$49,329$47,476$45,704$40,385
5 years$42,210$40,194$38,281$36,466$34,743$29,658
6 years$34,822$32,821$30,937$29,162$27,491$22,645
7 years$29,547$27,563$25,709$23,976$22,358$17,751
8 years$25,593$23,627$21,803$20,113$18,548$14,178
9 years$22,519$20,571$18,779$17,132$15,620$11,483
10 years$20,061$18,133$16,372$14,768$13,309$9,400
11 years$18,051$16,143$14,414$12,852$11,446$7,759
12 years$16,378$14,489$12,792$11,273$9,919$6,446
13 years$14,963$13,094$11,429$9,952$8,650$5,384
14 years$13,751$11,902$10,269$8,835$7,582$4,517
15 years$12,702$10,872$9,271$7,879$6,676$3,802
16 years$11,785$9,975$8,406$7,055$5,900$3,210
17 years$10,976$9,187$7,649$6,339$5,232$2,717
18 years$10,259$8,489$6,982$5,712$4,652$2,304
19 years$9,617$7,868$6,392$5,162$4,146$1,957
20 years$9,040$7,311$5,866$4,675$3,703$1,665
21 years$8,519$6,810$5,396$4,243$3,314$1,418
22 years$8,046$6,357$4,973$3,858$2,971$1,209
23 years$7,615$5,945$4,592$3,513$2,667$1,032
24 years$7,220$5,570$4,247$3,204$2,397$881
25 years$6,858$5,227$3,933$2,926$2,157$753
26 years$6,524$4,913$3,648$2,676$1,943$644
27 years$6,215$4,624$3,387$2,449$1,752$551
28 years$5,929$4,357$3,149$2,244$1,580$471
29 years$5,662$4,110$2,930$2,058$1,427$403
30 years$5,415$3,882$2,730$1,888$1,289$345
31 years$5,183$3,669$2,545$1,734$1,166$296
32 years$4,967$3,472$2,374$1,594$1,055$253
33 years$4,764$3,288$2,217$1,466$954$217
34 years$4,573$3,116$2,071$1,349$864$186
35 years$4,394$2,956$1,937$1,242$783$159
36 years$4,225$2,806$1,812$1,143$709$137
37 years$4,065$2,665$1,696$1,053$643$117
38 years$3,914$2,532$1,588$971$583$100
39 years$3,772$2,408$1,488$895$528$86
40 years$3,637$2,291$1,394$826$479$74
41 years$3,508$2,181$1,307$762$435$63
42 years$3,387$2,077$1,226$703$395$54
43 years$3,271$1,979$1,151$649$358$46
44 years$3,160$1,886$1,080$599$325$40
45 years$3,055$1,799$1,014$554$295$34
46 years$2,955$1,716$953$511$268$29
47 years$2,860$1,638$895$472$243$25
48 years$2,768$1,563$841$436$221$22
49 years$2,681$1,493$791$403$201$18
50 years$2,597$1,426$743$373$182$16

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 $6,078 every year, while hoping to spend $46,011 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: 80/14/6 Blend
52$2,660,000$2,660,000$2,660,000$2,660,000
53$2,937,589$2,796,609$2,755,379$3,170,783
54$3,188,268$2,884,688$2,798,729$3,412,401
55$3,462,974$2,975,540$2,841,989$3,670,746
56$3,764,109$3,069,254$2,885,108$3,952,807
57$4,094,320$3,165,918$2,928,030$4,260,927
58$4,456,519$3,265,627$2,970,698$4,597,684
59$4,853,917$3,368,475$3,013,049$4,965,918
60$5,290,048$3,474,563$3,055,018$5,368,757
61$5,768,808$3,583,991$3,096,536$5,809,645
62$6,294,485$3,696,865$3,137,529$6,292,374
63$6,871,805$3,813,294$3,177,918$6,821,121
64$7,505,972$3,933,389$3,217,622$7,400,487
65$8,202,723$4,057,266$3,256,553$8,035,539
66$8,968,372$4,185,044$3,294,619$8,731,858
67$9,809,880$4,316,845$3,331,724$9,495,591
68$10,734,915$4,452,797$3,367,763$10,333,511
69$11,751,922$4,593,030$3,402,629$11,253,076
70$12,870,208$4,737,679$3,436,207$12,262,505
71$14,100,027$4,886,883$3,468,378$13,370,849
72$15,452,675$5,040,785$3,499,013$14,588,082
73$16,940,597$5,199,533$3,527,980$15,925,188
74$18,577,508$5,363,280$3,555,137$17,394,272
75$20,378,517$5,532,183$3,580,337$19,008,668
76$22,360,270$5,706,405$3,603,423$20,783,067
77$24,541,111$5,886,113$3,624,231$22,733,655
78$26,941,251$6,071,479$3,642,590$24,878,265
79$29,582,960$6,262,682$3,658,317$27,236,544
80$32,490,774$6,459,906$3,671,223$29,830,140
81$35,691,731$6,663,339$3,681,107$32,682,906
82$39,215,623$6,873,178$3,687,760$35,821,121
83$43,095,277$7,089,625$3,690,960$39,273,742
84$47,366,865$7,312,886$3,690,477$43,072,675
85$52,070,245$7,543,178$3,686,068$47,253,076
86$57,249,337$7,780,720$3,677,478$51,853,681
87$62,952,535$8,025,741$3,664,440$56,917,172
88$69,233,169$8,278,477$3,646,673$62,490,582
89$76,150,000$8,539,171$3,623,885$68,625,734
90$83,767,783$8,808,073$3,595,768$75,379,731
91$92,157,869$9,085,441$3,561,999$82,815,498
92$101,398,886$9,371,542$3,522,240$91,002,369
93$111,577,476$9,666,651$3,476,138$100,016,748
94$122,789,112$9,971,051$3,423,323$109,942,824
95$135,139,004$10,285,034$3,363,406$120,873,367
96$148,743,085$10,608,904$3,295,983$132,910,604
97$163,729,109$10,942,969$3,220,628$146,167,184
98$180,237,855$11,287,552$3,136,896$160,767,238
99$198,424,458$11,642,984$3,044,324$176,847,551
100$218,459,868$12,009,605$2,942,424$194,558,855