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%17.2%
1 years$206,448$204,609$202,815$201,063$199,354$193,515
2 years$102,202$100,298$98,454$96,665$94,930$89,095
3 years$67,458$65,546$63,706$61,934$60,228$54,579
4 years$50,089$48,183$46,362$44,620$42,955$37,536
5 years$39,671$37,776$35,979$34,273$32,654$27,479
6 years$32,727$30,847$29,076$27,408$25,838$20,913
7 years$27,770$25,905$24,162$22,534$21,013$16,337
8 years$24,053$22,206$20,492$18,903$17,432$13,003
9 years$21,164$19,334$17,649$16,101$14,680$10,493
10 years$18,854$17,042$15,387$13,879$12,509$8,557
11 years$16,965$15,172$13,547$12,079$10,758$7,036
12 years$15,393$13,617$12,022$10,595$9,322$5,823
13 years$14,063$12,306$10,741$9,354$8,129$4,844
14 years$12,924$11,186$9,651$8,303$7,126$4,047
15 years$11,938$10,218$8,713$7,405$6,274$3,392
16 years$11,076$9,375$7,900$6,630$5,545$2,852
17 years$10,316$8,634$7,189$5,957$4,917$2,403
18 years$9,642$7,978$6,562$5,369$4,372$2,029
19 years$9,039$7,394$6,008$4,851$3,897$1,716
20 years$8,497$6,871$5,513$4,394$3,481$1,453
21 years$8,007$6,400$5,071$3,988$3,115$1,232
22 years$7,562$5,974$4,674$3,626$2,792$1,045
23 years$7,157$5,588$4,316$3,302$2,506$888
24 years$6,786$5,235$3,991$3,012$2,253$755
25 years$6,445$4,913$3,697$2,750$2,027$642
26 years$6,131$4,617$3,428$2,515$1,826$546
27 years$5,841$4,346$3,184$2,302$1,646$465
28 years$5,572$4,095$2,960$2,109$1,485$396
29 years$5,322$3,863$2,754$1,934$1,341$337
30 years$5,089$3,648$2,565$1,775$1,212$287
31 years$4,871$3,449$2,392$1,630$1,096$245
32 years$4,668$3,263$2,231$1,498$991$209
33 years$4,477$3,090$2,084$1,378$897$178
34 years$4,298$2,929$1,947$1,268$812$152
35 years$4,129$2,778$1,820$1,167$736$129
36 years$3,971$2,637$1,703$1,075$666$110
37 years$3,821$2,504$1,594$990$604$94
38 years$3,679$2,380$1,492$913$548$80
39 years$3,545$2,263$1,398$841$497$68
40 years$3,418$2,153$1,310$776$450$58
41 years$3,297$2,050$1,229$716$409$50
42 years$3,183$1,952$1,153$661$371$42
43 years$3,074$1,860$1,082$610$337$36
44 years$2,970$1,773$1,015$563$305$31
45 years$2,872$1,691$953$520$277$26
46 years$2,777$1,613$895$481$252$22
47 years$2,688$1,539$841$444$229$19
48 years$2,602$1,469$791$410$208$16
49 years$2,519$1,403$743$379$189$14
50 years$2,441$1,340$699$350$171$12

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 $3,469 every year, while hoping to spend $34,138 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: 78/17/5 Blend
52$2,500,000$2,500,000$2,500,000$2,500,000
53$2,758,578$2,626,078$2,587,328$2,972,852
54$3,003,631$2,718,434$2,637,681$3,206,134
55$3,272,534$2,814,170$2,688,577$3,457,078
56$3,567,686$2,913,417$2,739,997$3,731,241
57$3,891,726$3,016,311$2,791,923$4,030,913
58$4,247,561$3,122,990$2,844,332$4,358,620
59$4,638,397$3,233,601$2,897,202$4,717,141
60$5,067,763$3,348,296$2,950,507$5,109,534
61$5,539,545$3,467,233$3,004,219$5,539,168
62$6,058,027$3,590,576$3,058,309$6,009,753
63$6,627,928$3,718,497$3,112,745$6,525,374
64$7,254,447$3,851,173$3,167,492$7,090,529
65$7,943,310$3,988,790$3,222,513$7,710,172
66$8,700,829$4,131,542$3,277,768$8,389,761
67$9,533,953$4,279,628$3,333,213$9,135,303
68$10,450,345$4,433,257$3,388,804$9,953,420
69$11,458,442$4,592,649$3,444,490$10,851,399
70$12,567,543$4,758,028$3,500,221$11,837,273
71$13,787,892$4,929,632$3,555,939$12,919,887
72$15,130,780$5,107,706$3,611,585$14,108,984
73$16,608,642$5,292,506$3,667,095$15,415,298
74$18,235,183$5,484,299$3,722,403$16,850,653
75$20,025,504$5,683,362$3,777,436$18,428,075
76$21,996,243$5,889,985$3,832,118$20,161,913
77$24,165,735$6,104,469$3,886,368$22,067,976
78$26,554,179$6,327,127$3,940,101$24,163,679
79$29,183,836$6,558,287$3,993,225$26,468,211
80$32,079,234$6,798,289$4,045,645$29,002,710
81$35,267,399$7,047,489$4,097,258$31,790,466
82$38,778,114$7,306,257$4,147,956$34,857,139
83$42,644,196$7,574,977$4,197,626$38,231,000
84$46,901,805$7,854,052$4,246,148$41,943,197
85$51,590,789$8,143,901$4,293,394$46,028,051
86$56,755,058$8,444,960$4,339,231$50,523,374
87$62,442,994$8,757,684$4,383,516$55,470,829
88$68,707,917$9,082,548$4,426,101$60,916,325
89$75,608,577$9,420,045$4,466,828$66,910,441
90$83,209,717$9,770,692$4,505,531$73,508,911
91$91,582,678$10,135,027$4,542,037$80,773,145
92$100,806,078$10,513,609$4,576,161$88,770,809
93$110,966,545$10,907,023$4,607,711$97,576,461
94$122,159,546$11,315,880$4,636,482$107,272,258
95$134,490,276$11,740,815$4,662,260$117,948,726
96$148,074,660$12,182,491$4,684,822$129,705,615
97$163,040,442$12,641,600$4,703,931$142,652,840
98$179,528,393$13,118,864$4,719,337$156,911,518
99$197,693,635$13,615,035$4,730,782$172,615,108
100$217,707,113$14,130,898$4,737,990$189,910,674