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%17.6%
1 years$218,009$216,067$214,172$212,323$210,517$204,024
2 years$107,925$105,915$103,967$102,078$100,246$93,761
3 years$71,235$69,217$67,274$65,403$63,600$57,326
4 years$52,894$50,882$48,958$47,119$45,360$39,346
5 years$41,892$39,892$37,993$36,192$34,482$28,744
6 years$34,560$32,575$30,704$28,943$27,285$21,827
7 years$29,325$27,356$25,515$23,796$22,190$17,013
8 years$25,400$23,449$21,639$19,961$18,408$13,509
9 years$22,349$20,417$18,638$17,003$15,503$10,875
10 years$19,910$17,996$16,249$14,657$13,209$8,846
11 years$17,916$16,021$14,305$12,756$11,360$7,255
12 years$16,255$14,380$12,695$11,188$9,844$5,988
13 years$14,850$12,995$11,343$9,878$8,585$4,968
14 years$13,648$11,812$10,191$8,768$7,525$4,139
15 years$12,606$10,791$9,201$7,820$6,626$3,460
16 years$11,696$9,900$8,342$7,002$5,856$2,900
17 years$10,894$9,118$7,591$6,291$5,192$2,437
18 years$10,181$8,425$6,930$5,669$4,617$2,051
19 years$9,545$7,808$6,344$5,123$4,115$1,729
20 years$8,973$7,256$5,822$4,640$3,676$1,460
21 years$8,455$6,759$5,355$4,211$3,289$1,234
22 years$7,986$6,309$4,936$3,829$2,948$1,044
23 years$7,558$5,901$4,557$3,487$2,647$884
24 years$7,166$5,528$4,215$3,180$2,379$749
25 years$6,806$5,188$3,904$2,904$2,141$635
26 years$6,475$4,876$3,620$2,656$1,928$538
27 years$6,168$4,589$3,362$2,431$1,738$457
28 years$5,884$4,324$3,125$2,227$1,569$388
29 years$5,620$4,079$2,908$2,042$1,416$329
30 years$5,374$3,852$2,709$1,874$1,280$279
31 years$5,144$3,642$2,526$1,721$1,157$237
32 years$4,929$3,446$2,356$1,582$1,047$202
33 years$4,728$3,263$2,200$1,455$947$171
34 years$4,539$3,093$2,056$1,339$858$146
35 years$4,361$2,934$1,922$1,232$777$124
36 years$4,193$2,784$1,798$1,135$704$105
37 years$4,035$2,645$1,683$1,046$638$89
38 years$3,885$2,513$1,576$964$578$76
39 years$3,743$2,390$1,476$889$524$65
40 years$3,609$2,274$1,384$820$476$55
41 years$3,482$2,164$1,298$756$432$47
42 years$3,361$2,061$1,217$698$392$40
43 years$3,246$1,964$1,142$644$355$34
44 years$3,137$1,872$1,072$595$323$29
45 years$3,032$1,785$1,007$549$293$24
46 years$2,933$1,703$946$507$266$21
47 years$2,838$1,625$888$469$241$18
48 years$2,747$1,551$835$433$219$15
49 years$2,661$1,482$785$400$199$13
50 years$2,578$1,415$738$370$181$11

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 $6,114 every year, while hoping to spend $39,940 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: 37/43/20 Blend
52$2,640,000$2,640,000$2,640,000$2,640,000
53$2,915,587$2,775,667$2,734,747$3,005,680
54$3,170,481$2,869,178$2,783,865$3,165,141
55$3,450,035$2,965,934$2,833,290$3,333,074
56$3,756,723$3,066,049$2,882,990$3,513,645
57$4,093,270$3,169,646$2,932,930$3,708,014
58$4,462,675$3,276,850$2,983,075$3,917,453
59$4,868,243$3,387,792$3,033,384$4,143,360
60$5,313,617$3,502,606$3,083,815$4,387,272
61$5,802,806$3,621,434$3,134,323$4,650,880
62$6,340,229$3,744,422$3,184,860$4,936,040
63$6,930,754$3,871,720$3,235,374$5,244,795
64$7,579,743$4,003,486$3,285,811$5,579,390
65$8,293,104$4,139,883$3,336,113$5,942,297
66$9,077,344$4,281,081$3,386,216$6,336,234
67$9,939,635$4,427,256$3,436,056$6,764,188
68$10,887,875$4,578,590$3,485,562$7,229,450
69$11,930,771$4,735,272$3,534,660$7,735,639
70$13,077,909$4,897,501$3,583,271$8,286,737
71$14,339,858$5,065,480$3,631,312$8,887,128
72$15,728,257$5,239,422$3,678,695$9,541,637
73$17,255,933$5,419,548$3,725,325$10,255,573
74$18,937,019$5,606,087$3,771,105$11,034,782
75$20,787,087$5,799,277$3,815,929$11,885,699
76$22,823,294$5,999,366$3,859,687$12,815,409
77$25,064,546$6,206,611$3,902,262$13,831,713
78$27,531,674$6,421,279$3,943,532$14,943,200
79$30,247,632$6,643,648$3,983,367$16,159,327
80$33,237,710$6,874,007$4,021,630$17,490,508
81$36,529,778$7,112,655$4,058,176$18,948,214
82$40,154,544$7,359,904$4,092,854$20,545,073
83$44,145,847$7,616,078$4,125,504$22,294,997
84$48,540,972$7,881,514$4,155,956$24,213,305
85$53,381,005$8,156,563$4,184,035$26,316,873
86$58,711,221$8,441,588$4,209,554$28,624,285
87$64,581,507$8,736,967$4,232,315$31,156,014
88$71,046,838$9,043,095$4,252,115$33,934,610
89$78,167,789$9,360,381$4,268,735$36,984,912
90$86,011,114$9,689,251$4,281,948$40,334,283
91$94,650,370$10,030,146$4,291,516$44,012,867
92$104,166,613$10,383,529$4,297,187$48,053,868
93$114,649,163$10,749,877$4,298,698$52,493,869
94$126,196,446$11,129,689$4,295,772$57,373,169
95$138,916,923$11,523,483$4,288,120$62,736,167
96$152,930,115$11,931,800$4,275,438$68,631,777
97$168,367,728$12,355,199$4,257,406$75,113,887
98$185,374,898$12,794,266$4,233,691$82,241,871
99$204,111,559$13,249,606$4,203,941$90,081,142
100$224,753,956$13,721,854$4,167,791$98,703,771