Can I retire at age 53 with 2,510,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$207,273$205,427$203,626$201,868$200,151$195,630
2 years$102,611$100,700$98,848$97,052$95,310$90,780
3 years$67,728$65,808$63,961$62,182$60,469$56,070
4 years$50,289$48,376$46,547$44,799$43,127$38,894
5 years$39,829$37,927$36,122$34,410$32,784$28,729
6 years$32,858$30,971$29,192$27,518$25,941$22,068
7 years$27,881$26,009$24,259$22,624$21,097$17,406
8 years$24,149$22,295$20,574$18,979$17,502$13,993
9 years$21,249$19,411$17,720$16,166$14,739$11,408
10 years$18,930$17,110$15,449$13,935$12,559$9,403
11 years$17,033$15,232$13,601$12,127$10,801$7,816
12 years$15,454$13,672$12,070$10,637$9,360$6,540
13 years$14,119$12,355$10,784$9,391$8,162$5,503
14 years$12,976$11,230$9,690$8,337$7,155$4,652
15 years$11,986$10,259$8,748$7,435$6,300$3,946
16 years$11,120$9,413$7,932$6,657$5,568$3,358
17 years$10,357$8,669$7,217$5,981$4,937$2,865
18 years$9,680$8,010$6,589$5,390$4,389$2,449
19 years$9,075$7,424$6,032$4,871$3,912$2,098
20 years$8,531$6,899$5,535$4,411$3,495$1,800
21 years$8,039$6,426$5,092$4,003$3,127$1,546
22 years$7,593$5,998$4,693$3,640$2,803$1,329
23 years$7,186$5,610$4,333$3,315$2,516$1,144
24 years$6,813$5,256$4,007$3,024$2,262$986
25 years$6,471$4,933$3,711$2,761$2,035$850
26 years$6,156$4,636$3,442$2,525$1,833$733
27 years$5,864$4,363$3,196$2,311$1,653$632
28 years$5,594$4,111$2,971$2,117$1,491$546
29 years$5,343$3,878$2,765$1,942$1,347$472
30 years$5,109$3,663$2,576$1,782$1,217$407
31 years$4,891$3,463$2,401$1,637$1,100$352
32 years$4,687$3,276$2,240$1,504$995$304
33 years$4,495$3,103$2,092$1,383$901$263
34 years$4,315$2,941$1,954$1,273$815$228
35 years$4,146$2,789$1,827$1,171$738$197
36 years$3,986$2,647$1,709$1,079$669$170
37 years$3,836$2,514$1,600$994$606$147
38 years$3,694$2,390$1,498$916$550$127
39 years$3,559$2,272$1,404$845$499$110
40 years$3,432$2,162$1,316$779$452$95
41 years$3,311$2,058$1,234$719$410$83
42 years$3,196$1,960$1,157$664$372$72
43 years$3,086$1,867$1,086$612$338$62
44 years$2,982$1,780$1,019$566$307$54
45 years$2,883$1,697$957$522$278$46
46 years$2,789$1,619$899$482$253$40
47 years$2,698$1,545$845$446$230$35
48 years$2,612$1,475$794$412$208$30
49 years$2,530$1,409$746$381$189$26
50 years$2,451$1,346$701$352$172$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,510,000, adding $4,498 every year, while hoping to spend $31,059 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: 77/10/13 Blend
52$2,510,000$2,510,000$2,510,000$2,510,000
53$2,770,660$2,637,630$2,598,725$2,976,447
54$3,020,220$2,733,827$2,652,735$3,208,866
55$3,294,195$2,833,697$2,707,515$3,459,272
56$3,595,042$2,937,387$2,763,055$3,732,986
57$3,925,468$3,045,050$2,819,349$4,032,320
58$4,288,454$3,156,846$2,876,385$4,359,819
59$4,687,286$3,272,942$2,934,155$4,718,288
60$5,125,584$3,393,511$2,992,643$5,110,814
61$5,607,335$3,518,734$3,051,838$5,540,797
62$6,136,930$3,648,799$3,111,722$6,011,984
63$6,719,211$3,783,903$3,172,278$6,528,497
64$7,359,507$3,924,252$3,233,486$7,094,882
65$8,063,695$4,070,058$3,295,326$7,716,141
66$8,838,245$4,221,544$3,357,773$8,397,787
67$9,690,289$4,378,943$3,420,801$9,145,893
68$10,627,684$4,542,497$3,484,383$9,967,146
69$11,659,086$4,712,457$3,548,489$10,868,915
70$12,794,034$4,889,089$3,613,084$11,859,316
71$14,043,036$5,072,665$3,678,133$12,947,292
72$15,417,673$5,263,473$3,743,598$14,142,692
73$16,930,704$5,461,811$3,809,436$15,456,370
74$18,596,187$5,667,991$3,875,604$16,900,283
75$20,429,614$5,882,339$3,942,053$18,487,602
76$22,448,055$6,105,193$4,008,731$20,232,840
77$24,670,316$6,336,907$4,075,583$22,151,987
78$27,117,124$6,577,851$4,142,551$24,262,661
79$29,811,315$6,828,410$4,209,571$26,584,270
80$32,778,053$7,088,986$4,276,575$29,138,201
81$36,045,066$7,359,999$4,343,493$31,948,017
82$39,642,911$7,641,886$4,410,247$35,039,682
83$43,605,254$7,935,106$4,476,758$38,441,802
84$47,969,198$8,240,134$4,542,937$42,185,896
85$52,775,625$8,557,469$4,608,694$46,306,697
86$58,069,585$8,887,631$4,673,931$50,842,471
87$63,900,720$9,231,162$4,738,545$55,835,387
88$70,323,734$9,588,630$4,802,427$61,331,907
89$77,398,907$9,960,625$4,865,461$67,383,228
90$85,192,666$10,347,766$4,927,524$74,045,764
91$93,778,210$10,750,698$4,988,488$81,381,679
92$103,236,199$11,170,094$5,048,214$89,459,468
93$113,655,520$11,606,658$5,106,558$98,354,610
94$125,134,123$12,061,124$5,163,367$108,150,276
95$137,779,944$12,534,259$5,218,481$118,938,114
96$151,711,926$13,026,866$5,271,728$130,819,112
97$167,061,141$13,539,781$5,322,929$143,904,555
98$183,972,026$14,073,878$5,371,896$158,317,070
99$202,603,746$14,630,072$5,418,428$174,191,784
100$223,131,699$15,209,316$5,462,316$191,677,602