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%20%
1 years$218,835$216,885$214,983$213,127$211,315$202,850
2 years$108,334$106,316$104,361$102,465$100,626$92,205
3 years$71,505$69,479$67,528$65,650$63,841$55,728
4 years$53,094$51,074$49,143$47,297$45,532$37,789
5 years$42,051$40,043$38,137$36,329$34,613$27,259
6 years$34,691$32,698$30,821$29,053$27,388$20,428
7 years$29,436$27,460$25,612$23,886$22,274$15,705
8 years$25,496$23,538$21,721$20,037$18,478$12,295
9 years$22,434$20,494$18,708$17,067$15,561$9,753
10 years$19,985$18,065$16,310$14,712$13,259$7,814
11 years$17,983$16,082$14,359$12,804$11,403$6,309
12 years$16,316$14,434$12,744$11,231$9,882$5,125
13 years$14,907$13,044$11,386$9,915$8,617$4,183
14 years$13,699$11,857$10,230$8,801$7,554$3,427
15 years$12,654$10,831$9,236$7,849$6,651$2,816
16 years$11,740$9,938$8,374$7,028$5,878$2,320
17 years$10,935$9,152$7,620$6,315$5,212$1,915
18 years$10,220$8,457$6,956$5,691$4,634$1,583
19 years$9,581$7,838$6,368$5,142$4,131$1,311
20 years$9,007$7,283$5,844$4,657$3,689$1,087
21 years$8,487$6,784$5,376$4,227$3,302$901
22 years$8,016$6,333$4,954$3,843$2,959$748
23 years$7,587$5,923$4,575$3,500$2,657$622
24 years$7,193$5,549$4,231$3,192$2,388$517
25 years$6,832$5,208$3,918$2,915$2,149$430
26 years$6,499$4,895$3,634$2,666$1,935$358
27 years$6,192$4,606$3,375$2,440$1,745$297
28 years$5,906$4,341$3,137$2,235$1,575$248
29 years$5,641$4,095$2,919$2,050$1,422$206
30 years$5,394$3,867$2,719$1,881$1,285$172
31 years$5,164$3,656$2,535$1,728$1,161$143
32 years$4,948$3,459$2,365$1,588$1,051$119
33 years$4,746$3,276$2,209$1,460$951$99
34 years$4,556$3,105$2,064$1,344$861$83
35 years$4,377$2,945$1,929$1,237$780$69
36 years$4,209$2,795$1,805$1,139$706$57
37 years$4,050$2,655$1,689$1,050$640$48
38 years$3,900$2,523$1,582$967$580$40
39 years$3,758$2,399$1,482$892$526$33
40 years$3,623$2,282$1,389$823$477$28
41 years$3,495$2,173$1,303$759$433$23
42 years$3,374$2,069$1,222$701$393$19
43 years$3,258$1,971$1,147$647$357$16
44 years$3,149$1,879$1,076$597$324$13
45 years$3,044$1,792$1,011$551$294$11
46 years$2,944$1,710$949$509$267$9
47 years$2,849$1,631$892$471$242$8
48 years$2,758$1,557$838$435$220$6
49 years$2,671$1,487$788$402$200$5
50 years$2,587$1,421$740$371$182$4

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 $5,809 every year, while hoping to spend $43,258 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: 80/12/8 Blend
52$2,650,000$2,650,000$2,650,000$2,650,000
53$2,926,292$2,785,842$2,744,767$3,156,898
54$3,178,748$2,876,322$2,790,691$3,399,339
55$3,455,504$2,969,786$2,836,703$3,659,028
56$3,758,994$3,066,334$2,882,761$3,942,681
57$4,091,897$3,166,070$2,928,819$4,252,670
58$4,457,165$3,269,102$2,974,829$4,591,608
59$4,858,049$3,375,542$3,020,739$4,962,370
60$5,298,131$3,485,504$3,066,495$5,368,124
61$5,781,354$3,599,107$3,112,036$5,812,357
62$6,312,065$3,716,476$3,157,302$6,298,911
63$6,895,050$3,837,738$3,202,226$6,832,017
64$7,535,583$3,963,025$3,246,739$7,416,335
65$8,239,474$4,092,474$3,290,765$8,056,998
66$9,013,122$4,226,227$3,334,228$8,759,660
67$9,863,578$4,364,431$3,377,042$9,530,549
68$10,798,612$4,507,236$3,419,122$10,376,526
69$11,826,780$4,654,801$3,460,372$11,305,147
70$12,957,513$4,807,288$3,500,697$12,324,739
71$14,201,200$4,964,865$3,539,990$13,444,472
72$15,569,286$5,127,707$3,578,144$14,674,452
73$17,074,384$5,295,995$3,615,042$16,025,809
74$18,730,387$5,469,915$3,650,562$17,510,807
75$20,552,608$5,649,662$3,684,577$19,142,958
76$22,557,913$5,835,435$3,716,950$20,937,148
77$24,764,892$6,027,443$3,747,539$22,909,779
78$27,194,024$6,225,901$3,776,195$25,078,919
79$29,867,875$6,431,031$3,802,758$27,464,479
80$32,811,311$6,643,064$3,827,063$30,088,397
81$36,051,730$6,862,240$3,848,935$32,974,841
82$39,619,323$7,088,805$3,868,191$36,150,445
83$43,547,355$7,323,018$3,884,636$39,644,552
84$47,872,482$7,565,142$3,898,068$43,489,495
85$52,635,096$7,815,455$3,908,274$47,720,900
86$57,879,705$8,074,242$3,915,031$52,378,023
87$63,655,352$8,341,797$3,918,102$57,504,121
88$70,016,081$8,618,428$3,917,241$63,146,854
89$77,021,443$8,904,452$3,912,190$69,358,743
90$84,737,058$9,200,199$3,902,677$76,197,659
91$93,235,239$9,506,009$3,888,417$83,727,371
92$102,595,666$9,822,237$3,869,112$92,018,146
93$112,906,146$10,149,248$3,844,449$101,147,414
94$124,263,435$10,487,423$3,814,100$111,200,498
95$136,774,154$10,837,156$3,777,721$122,271,417
96$150,555,796$11,198,855$3,734,953$134,463,774
97$165,737,832$11,572,943$3,685,419$147,891,732
98$182,462,934$11,959,860$3,628,723$162,681,095
99$200,888,321$12,360,062$3,564,453$178,970,492
100$221,187,244$12,774,019$3,492,177$196,912,684