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

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$207,273$205,427$203,626$201,868$200,151$192,896
2 years$102,611$100,700$98,848$97,052$95,310$88,080
3 years$67,728$65,808$63,961$62,182$60,469$53,492
4 years$50,289$48,376$46,547$44,799$43,127$36,456
5 years$39,829$37,927$36,122$34,410$32,784$26,436
6 years$32,858$30,971$29,192$27,518$25,941$19,921
7 years$27,881$26,009$24,259$22,624$21,097$15,404
8 years$24,149$22,295$20,574$18,979$17,502$12,130
9 years$21,249$19,411$17,720$16,166$14,739$9,682
10 years$18,930$17,110$15,449$13,935$12,559$7,807
11 years$17,033$15,232$13,601$12,127$10,801$6,345
12 years$15,454$13,672$12,070$10,637$9,360$5,188
13 years$14,119$12,355$10,784$9,391$8,162$4,263
14 years$12,976$11,230$9,690$8,337$7,155$3,517
15 years$11,986$10,259$8,748$7,435$6,300$2,911
16 years$11,120$9,413$7,932$6,657$5,568$2,416
17 years$10,357$8,669$7,217$5,981$4,937$2,009
18 years$9,680$8,010$6,589$5,390$4,389$1,673
19 years$9,075$7,424$6,032$4,871$3,912$1,396
20 years$8,531$6,899$5,535$4,411$3,495$1,166
21 years$8,039$6,426$5,092$4,003$3,127$975
22 years$7,593$5,998$4,693$3,640$2,803$816
23 years$7,186$5,610$4,333$3,315$2,516$683
24 years$6,813$5,256$4,007$3,024$2,262$572
25 years$6,471$4,933$3,711$2,761$2,035$480
26 years$6,156$4,636$3,442$2,525$1,833$402
27 years$5,864$4,363$3,196$2,311$1,653$338
28 years$5,594$4,111$2,971$2,117$1,491$283
29 years$5,343$3,878$2,765$1,942$1,347$238
30 years$5,109$3,663$2,576$1,782$1,217$200
31 years$4,891$3,463$2,401$1,637$1,100$168
32 years$4,687$3,276$2,240$1,504$995$141
33 years$4,495$3,103$2,092$1,383$901$118
34 years$4,315$2,941$1,954$1,273$815$99
35 years$4,146$2,789$1,827$1,171$738$83
36 years$3,986$2,647$1,709$1,079$669$70
37 years$3,836$2,514$1,600$994$606$59
38 years$3,694$2,390$1,498$916$550$49
39 years$3,559$2,272$1,404$845$499$42
40 years$3,432$2,162$1,316$779$452$35
41 years$3,311$2,058$1,234$719$410$29
42 years$3,196$1,960$1,157$664$372$25
43 years$3,086$1,867$1,086$612$338$21
44 years$2,982$1,780$1,019$566$307$17
45 years$2,883$1,697$957$522$278$15
46 years$2,789$1,619$899$482$253$12
47 years$2,698$1,545$845$446$230$10
48 years$2,612$1,475$794$412$208$9
49 years$2,530$1,409$746$381$189$7
50 years$2,451$1,346$701$352$172$6

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 $5,791 every year, while hoping to spend $43,842 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: 83/6/11 Blend
52$2,510,000$2,510,000$2,510,000$2,510,000
53$2,771,993$2,638,963$2,600,058$2,996,570
54$3,008,089$2,721,625$2,640,513$3,227,123
55$3,266,797$2,806,868$2,680,853$3,473,838
56$3,550,378$2,894,772$2,721,029$3,743,457
57$3,861,321$2,985,419$2,760,987$4,038,254
58$4,202,367$3,078,896$2,800,672$4,360,737
59$4,576,536$3,175,290$2,840,022$4,713,667
60$4,987,154$3,274,691$2,878,975$5,100,085
61$5,437,886$3,377,193$2,917,462$5,523,340
62$5,932,767$3,482,892$2,955,414$5,987,121
63$6,476,242$3,591,886$2,992,753$6,495,493
64$7,073,209$3,704,280$3,029,401$7,052,933
65$7,729,064$3,820,176$3,065,273$7,664,372
66$8,449,748$3,939,685$3,100,280$8,335,244
67$9,241,811$4,062,918$3,134,327$9,071,533
68$10,112,464$4,189,990$3,167,316$9,879,835
69$11,069,657$4,321,020$3,199,142$10,767,412
70$12,122,143$4,456,131$3,229,694$11,742,270
71$13,279,569$4,595,449$3,258,857$12,813,225
72$14,552,563$4,739,104$3,286,506$13,989,994
73$15,952,834$4,887,230$3,312,514$15,283,281
74$17,493,284$5,039,965$3,336,745$16,704,879
75$19,188,128$5,197,453$3,359,055$18,267,783
76$21,053,028$5,359,838$3,379,294$19,986,310
77$23,105,240$5,527,274$3,397,303$21,876,238
78$25,363,779$5,699,915$3,412,918$23,954,948
79$27,849,597$5,877,923$3,425,962$26,241,595
80$30,585,776$6,061,462$3,436,253$28,757,282
81$33,597,756$6,250,703$3,443,597$31,525,266
82$36,913,562$6,445,823$3,447,793$34,571,169
83$40,564,079$6,647,002$3,448,628$37,923,227
84$44,583,336$6,854,427$3,445,878$41,612,554
85$49,008,832$7,068,289$3,439,311$45,673,432
86$53,881,886$7,288,788$3,428,680$50,143,639
87$59,248,026$7,516,127$3,413,729$55,064,805
88$65,157,424$7,750,517$3,394,189$60,482,799
89$71,665,363$7,992,173$3,369,775$66,448,170
90$78,832,761$8,241,321$3,340,194$73,016,617
91$86,726,746$8,498,188$3,305,133$80,249,520
92$95,421,287$8,763,013$3,264,269$88,214,515
93$104,997,898$9,036,040$3,217,261$96,986,133
94$115,546,397$9,317,519$3,163,752$106,646,506
95$127,165,762$9,607,711$3,103,371$117,286,139
96$139,965,062$9,906,881$3,035,726$129,004,765
97$154,064,485$10,215,305$2,960,410$141,912,286
98$169,596,474$10,533,265$2,876,994$156,129,813
99$186,706,973$10,861,055$2,785,033$171,790,804
100$205,556,811$11,198,973$2,684,058$189,042,327