Can I retire at age 53 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$206,448$204,609$202,815$201,063$199,354$191,671
2 years$102,202$100,298$98,454$96,665$94,930$87,282
3 years$67,458$65,546$63,706$61,934$60,228$52,854
4 years$50,089$48,183$46,362$44,620$42,955$35,912
5 years$39,671$37,776$35,979$34,273$32,654$25,960
6 years$32,727$30,847$29,076$27,408$25,838$19,498
7 years$27,770$25,905$24,162$22,534$21,013$15,025
8 years$24,053$22,206$20,492$18,903$17,432$11,790
9 years$21,164$19,334$17,649$16,101$14,680$9,375
10 years$18,854$17,042$15,387$13,879$12,509$7,531
11 years$16,965$15,172$13,547$12,079$10,758$6,097
12 years$15,393$13,617$12,022$10,595$9,322$4,965
13 years$14,063$12,306$10,741$9,354$8,129$4,064
14 years$12,924$11,186$9,651$8,303$7,126$3,338
15 years$11,938$10,218$8,713$7,405$6,274$2,751
16 years$11,076$9,375$7,900$6,630$5,545$2,273
17 years$10,316$8,634$7,189$5,957$4,917$1,882
18 years$9,642$7,978$6,562$5,369$4,372$1,561
19 years$9,039$7,394$6,008$4,851$3,897$1,296
20 years$8,497$6,871$5,513$4,394$3,481$1,078
21 years$8,007$6,400$5,071$3,988$3,115$897
22 years$7,562$5,974$4,674$3,626$2,792$747
23 years$7,157$5,588$4,316$3,302$2,506$622
24 years$6,786$5,235$3,991$3,012$2,253$519
25 years$6,445$4,913$3,697$2,750$2,027$433
26 years$6,131$4,617$3,428$2,515$1,826$361
27 years$5,841$4,346$3,184$2,302$1,646$302
28 years$5,572$4,095$2,960$2,109$1,485$252
29 years$5,322$3,863$2,754$1,934$1,341$210
30 years$5,089$3,648$2,565$1,775$1,212$176
31 years$4,871$3,449$2,392$1,630$1,096$147
32 years$4,668$3,263$2,231$1,498$991$123
33 years$4,477$3,090$2,084$1,378$897$103
34 years$4,298$2,929$1,947$1,268$812$86
35 years$4,129$2,778$1,820$1,167$736$72
36 years$3,971$2,637$1,703$1,075$666$60
37 years$3,821$2,504$1,594$990$604$50
38 years$3,679$2,380$1,492$913$548$42
39 years$3,545$2,263$1,398$841$497$35
40 years$3,418$2,153$1,310$776$450$29
41 years$3,297$2,050$1,229$716$409$24
42 years$3,183$1,952$1,153$661$371$20
43 years$3,074$1,860$1,082$610$337$17
44 years$2,970$1,773$1,015$563$305$14
45 years$2,872$1,691$953$520$277$12
46 years$2,777$1,613$895$481$252$10
47 years$2,688$1,539$841$444$229$8
48 years$2,602$1,469$791$410$208$7
49 years$2,519$1,403$743$379$189$6
50 years$2,441$1,340$699$350$171$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,500,000, adding $3,935 every year, while hoping to spend $21,621 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: 40/48/12 Blend
52$2,500,000$2,500,000$2,500,000$2,500,000
53$2,759,059$2,626,559$2,587,809$2,859,381
54$3,017,478$2,732,256$2,651,496$3,036,261
55$3,301,532$2,842,407$2,716,592$3,225,057
56$3,613,812$2,957,208$2,783,121$3,428,817
57$3,957,173$3,076,864$2,851,108$3,648,904
58$4,334,761$3,201,587$2,920,577$3,886,816
59$4,750,043$3,331,602$2,991,553$4,144,195
60$5,206,838$3,467,140$3,064,060$4,422,847
61$5,709,353$3,608,448$3,138,124$4,724,752
62$6,262,225$3,755,779$3,213,768$5,052,085
63$6,870,560$3,909,401$3,291,018$5,407,235
64$7,539,988$4,069,592$3,369,898$5,792,826
65$8,276,709$4,236,645$3,450,432$6,211,743
66$9,087,557$4,410,863$3,532,645$6,667,152
67$9,980,059$4,592,567$3,616,560$7,162,538
68$10,962,513$4,782,090$3,702,202$7,701,728
69$12,044,058$4,979,782$3,789,594$8,288,929
70$13,234,766$5,186,006$3,878,761$8,928,769
71$14,545,737$5,401,144$3,969,724$9,626,334
72$15,989,199$5,625,597$4,062,506$10,387,219
73$17,578,628$5,859,782$4,157,131$11,217,578
74$19,328,872$6,104,136$4,253,619$12,124,178
75$21,256,293$6,359,115$4,351,991$13,114,465
76$23,378,922$6,625,198$4,452,270$14,196,630
77$25,716,625$6,902,886$4,554,474$15,379,684
78$28,291,295$7,192,702$4,658,623$16,673,544
79$31,127,056$7,495,193$4,764,736$18,089,122
80$34,250,491$7,810,933$4,872,830$19,638,427
81$37,690,894$8,140,521$4,982,922$21,334,675
82$41,480,543$8,484,585$5,095,029$23,192,414
83$45,655,010$8,843,781$5,209,163$25,227,654
84$50,253,491$9,218,796$5,325,341$27,458,022
85$55,319,180$9,610,350$5,443,572$29,902,922
86$60,899,674$10,019,195$5,563,869$32,583,714
87$67,047,423$10,446,118$5,686,241$35,523,916
88$73,820,226$10,891,943$5,810,696$38,749,423
89$81,281,775$11,357,535$5,937,241$42,288,744
90$89,502,257$11,843,794$6,065,878$46,173,274
91$98,559,014$12,351,667$6,196,612$50,437,581
92$108,537,277$12,882,143$6,329,443$55,119,735
93$119,530,969$13,436,257$6,464,369$60,261,656
94$131,643,588$14,015,094$6,601,386$65,909,514
95$144,989,189$14,619,789$6,740,487$72,114,153
96$159,693,457$15,251,529$6,881,664$78,931,573
97$175,894,894$15,911,558$7,024,904$86,423,452
98$193,746,128$16,601,179$7,170,193$94,657,720
99$213,415,352$17,321,756$7,317,513$103,709,203
100$235,087,910$18,074,714$7,466,842$113,660,316