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%11.4%
1 years$219,660$217,704$215,795$213,932$212,112$210,864
2 years$108,743$106,717$104,755$102,852$101,006$99,746
3 years$71,775$69,741$67,783$65,898$64,082$62,851
4 years$53,295$51,267$49,329$47,476$45,704$44,510
5 years$42,210$40,194$38,281$36,466$34,743$33,590
6 years$34,822$32,821$30,937$29,162$27,491$26,380
7 years$29,547$27,563$25,709$23,976$22,358$21,290
8 years$25,593$23,627$21,803$20,113$18,548$17,523
9 years$22,519$20,571$18,779$17,132$15,620$14,638
10 years$20,061$18,133$16,372$14,768$13,309$12,369
11 years$18,051$16,143$14,414$12,852$11,446$10,548
12 years$16,378$14,489$12,792$11,273$9,919$9,062
13 years$14,963$13,094$11,429$9,952$8,650$7,832
14 years$13,751$11,902$10,269$8,835$7,582$6,804
15 years$12,702$10,872$9,271$7,879$6,676$5,936
16 years$11,785$9,975$8,406$7,055$5,900$5,197
17 years$10,976$9,187$7,649$6,339$5,232$4,564
18 years$10,259$8,489$6,982$5,712$4,652$4,019
19 years$9,617$7,868$6,392$5,162$4,146$3,547
20 years$9,040$7,311$5,866$4,675$3,703$3,137
21 years$8,519$6,810$5,396$4,243$3,314$2,779
22 years$8,046$6,357$4,973$3,858$2,971$2,465
23 years$7,615$5,945$4,592$3,513$2,667$2,190
24 years$7,220$5,570$4,247$3,204$2,397$1,948
25 years$6,858$5,227$3,933$2,926$2,157$1,734
26 years$6,524$4,913$3,648$2,676$1,943$1,545
27 years$6,215$4,624$3,387$2,449$1,752$1,378
28 years$5,929$4,357$3,149$2,244$1,580$1,230
29 years$5,662$4,110$2,930$2,058$1,427$1,098
30 years$5,415$3,882$2,730$1,888$1,289$981
31 years$5,183$3,669$2,545$1,734$1,166$877
32 years$4,967$3,472$2,374$1,594$1,055$784
33 years$4,764$3,288$2,217$1,466$954$702
34 years$4,573$3,116$2,071$1,349$864$628
35 years$4,394$2,956$1,937$1,242$783$562
36 years$4,225$2,806$1,812$1,143$709$504
37 years$4,065$2,665$1,696$1,053$643$451
38 years$3,914$2,532$1,588$971$583$404
39 years$3,772$2,408$1,488$895$528$362
40 years$3,637$2,291$1,394$826$479$325
41 years$3,508$2,181$1,307$762$435$291
42 years$3,387$2,077$1,226$703$395$261
43 years$3,271$1,979$1,151$649$358$234
44 years$3,160$1,886$1,080$599$325$210
45 years$3,055$1,799$1,014$554$295$188
46 years$2,955$1,716$953$511$268$169
47 years$2,860$1,638$895$472$243$151
48 years$2,768$1,563$841$436$221$136
49 years$2,681$1,493$791$403$201$122
50 years$2,597$1,426$743$373$182$109

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 $5,117 every year, while hoping to spend $20,524 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: 48/41/11 Blend
52$2,660,000$2,660,000$2,660,000$2,660,000
53$2,936,598$2,795,618$2,754,388$3,068,459
54$3,214,294$2,910,766$2,824,823$3,274,853
55$3,519,627$3,030,868$2,896,929$3,496,264
56$3,855,394$3,156,146$2,970,741$3,736,195
57$4,224,677$3,286,831$3,046,295$3,996,379
58$4,630,873$3,423,164$3,123,624$4,278,722
59$5,077,721$3,565,398$3,202,765$4,585,315
60$5,569,345$3,713,799$3,283,754$4,918,455
61$6,110,286$3,868,643$3,366,627$5,280,670
62$6,705,548$4,030,220$3,451,423$5,674,735
63$7,360,646$4,198,832$3,538,177$6,103,700
64$8,081,654$4,374,797$3,626,928$6,570,921
65$8,875,267$4,558,446$3,717,714$7,080,086
66$9,748,861$4,750,127$3,810,574$7,635,249
67$10,710,563$4,950,202$3,905,547$8,240,871
68$11,769,330$5,159,051$4,002,672$8,901,856
69$12,935,028$5,377,071$4,101,989$9,623,601
70$14,218,533$5,604,680$4,203,537$10,412,040
71$15,631,826$5,842,311$4,307,358$11,273,703
72$17,188,109$6,090,421$4,413,491$12,215,775
73$18,901,930$6,349,486$4,521,977$13,246,160
74$20,789,322$6,620,005$4,632,858$14,373,558
75$22,867,948$6,902,501$4,746,174$15,607,542
76$25,157,274$7,197,520$4,861,967$16,958,648
77$27,678,752$7,505,633$4,980,278$18,438,475
78$30,456,016$7,827,441$5,101,149$20,059,786
79$33,515,112$8,163,569$5,224,621$21,836,633
80$36,884,744$8,514,673$5,350,735$23,784,486
81$40,596,536$8,881,441$5,479,534$25,920,373
82$44,685,343$9,264,591$5,611,058$28,263,045
83$49,189,568$9,664,877$5,745,349$30,833,145
84$54,151,534$10,083,086$5,882,448$33,653,403
85$59,617,876$10,520,042$6,022,395$36,748,847
86$65,639,986$10,976,611$6,165,232$40,147,037
87$72,274,495$11,453,695$6,310,998$43,878,322
88$79,583,810$11,952,243$6,459,732$47,976,126
89$87,636,700$12,473,244$6,611,475$52,477,255
90$96,508,948$13,017,738$6,766,265$57,422,246
91$106,284,065$13,586,812$6,924,139$62,855,746
92$117,054,077$14,181,603$7,085,134$68,826,925
93$128,920,395$14,803,303$7,249,288$75,389,944
94$141,994,771$15,453,161$7,416,635$82,604,456
95$156,400,355$16,132,483$7,587,210$90,536,168
96$172,272,856$16,842,639$7,761,046$99,257,458
97$189,761,821$17,585,062$7,938,175$108,848,051
98$209,032,050$18,361,254$8,118,627$119,395,768
99$230,265,150$19,172,786$8,302,432$130,997,353
100$253,661,249$20,021,307$8,489,618$143,759,375