Can I retire at age 53 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$208,925$207,064$205,248$203,476$201,746$199,473
2 years$103,428$101,502$99,635$97,825$96,069$93,781
3 years$68,267$66,333$64,471$62,677$60,950$58,718
4 years$50,690$48,762$46,918$45,156$43,470$41,311
5 years$40,147$38,230$36,410$34,684$33,045$30,965
6 years$33,120$31,217$29,425$27,737$26,148$24,150
7 years$28,103$26,216$24,452$22,804$21,265$19,350
8 years$24,342$22,472$20,737$19,130$17,641$15,808
9 years$21,418$19,566$17,861$16,294$14,857$13,105
10 years$19,080$17,247$15,572$14,046$12,659$10,988
11 years$17,169$15,354$13,709$12,224$10,887$9,295
12 years$15,577$13,781$12,167$10,722$9,434$7,920
13 years$14,232$12,454$10,870$9,466$8,227$6,789
14 years$13,079$11,320$9,767$8,403$7,212$5,847
15 years$12,081$10,341$8,818$7,494$6,350$5,057
16 years$11,209$9,488$7,995$6,710$5,612$4,388
17 years$10,440$8,738$7,275$6,029$4,976$3,819
18 years$9,757$8,074$6,641$5,433$4,424$3,332
19 years$9,147$7,483$6,080$4,909$3,943$2,913
20 years$8,599$6,954$5,580$4,446$3,522$2,552
21 years$8,103$6,477$5,132$4,035$3,152$2,239
22 years$7,653$6,046$4,730$3,669$2,825$1,967
23 years$7,243$5,655$4,367$3,342$2,536$1,730
24 years$6,868$5,298$4,039$3,048$2,280$1,524
25 years$6,523$4,972$3,741$2,783$2,051$1,343
26 years$6,205$4,673$3,470$2,545$1,848$1,184
27 years$5,911$4,398$3,222$2,329$1,666$1,045
28 years$5,639$4,144$2,995$2,134$1,503$923
29 years$5,386$3,909$2,787$1,957$1,357$816
30 years$5,150$3,692$2,596$1,796$1,226$721
31 years$4,930$3,490$2,420$1,650$1,109$638
32 years$4,724$3,302$2,258$1,516$1,003$565
33 years$4,531$3,127$2,109$1,394$908$500
34 years$4,350$2,964$1,970$1,283$822$442
35 years$4,179$2,811$1,842$1,181$744$392
36 years$4,018$2,668$1,723$1,088$674$347
37 years$3,867$2,534$1,613$1,002$611$307
38 years$3,723$2,409$1,510$924$554$272
39 years$3,587$2,290$1,415$852$503$241
40 years$3,459$2,179$1,326$785$456$214
41 years$3,337$2,074$1,244$725$414$190
42 years$3,221$1,975$1,167$669$375$168
43 years$3,111$1,882$1,095$617$341$149
44 years$3,006$1,794$1,027$570$309$132
45 years$2,906$1,711$965$526$281$117
46 years$2,811$1,632$906$486$255$104
47 years$2,720$1,558$851$449$231$92
48 years$2,633$1,487$800$415$210$82
49 years$2,550$1,420$752$384$191$73
50 years$2,470$1,356$707$355$173$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,530,000, adding $4,576 every year, while hoping to spend $21,318 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: 71/7/22 Blend
52$2,530,000$2,530,000$2,530,000$2,530,000
53$2,792,780$2,658,690$2,619,475$2,975,552
54$3,054,962$2,766,284$2,684,545$3,205,664
55$3,343,171$2,878,435$2,751,081$3,454,588
56$3,660,041$2,995,345$2,819,109$3,726,626
57$4,008,471$3,117,223$2,888,655$4,024,071
58$4,391,657$3,244,289$2,959,747$4,349,443
59$4,813,119$3,376,772$3,032,411$4,705,521
60$5,276,736$3,514,912$3,106,676$5,095,362
61$5,786,781$3,658,961$3,182,568$5,522,337
62$6,347,963$3,809,181$3,260,114$5,990,153
63$6,965,470$3,965,845$3,339,343$6,502,897
64$7,645,018$4,129,242$3,420,281$7,065,069
65$8,392,906$4,299,671$3,502,956$7,681,625
66$9,216,074$4,477,445$3,587,396$8,358,024
67$10,122,167$4,662,895$3,673,628$9,100,280
68$11,119,613$4,856,361$3,761,680$9,915,018
69$12,217,696$5,058,205$3,851,578$10,809,533
70$13,426,645$5,268,801$3,943,350$11,791,864
71$14,757,734$5,488,544$4,037,023$12,870,866
72$16,223,383$5,717,842$4,132,624$14,056,294
73$17,837,280$5,957,128$4,230,178$15,358,895
74$19,614,506$6,206,851$4,329,713$16,790,507
75$21,571,680$6,467,482$4,431,253$18,364,176
76$23,727,116$6,739,513$4,534,825$20,094,271
77$26,100,993$7,023,460$4,640,452$21,996,624
78$28,715,548$7,319,863$4,748,160$24,088,679
79$31,595,282$7,629,285$4,857,973$26,389,655
80$34,767,199$7,952,317$4,969,912$28,920,727
81$38,261,050$8,289,578$5,084,002$31,705,225
82$42,109,624$8,641,714$5,200,262$34,768,855
83$46,349,050$9,009,402$5,318,715$38,139,940
84$51,019,140$9,393,350$5,439,379$41,849,687
85$56,163,768$9,794,300$5,562,274$45,932,482
86$61,831,280$10,213,028$5,687,418$50,426,213
87$68,074,950$10,650,346$5,814,826$55,372,627
88$74,953,486$11,107,105$5,944,514$60,817,724
89$82,531,582$11,584,193$6,076,496$66,812,190
90$90,880,529$12,082,543$6,210,783$73,411,875
91$100,078,885$12,603,131$6,347,387$80,678,321
92$110,213,223$13,146,976$6,486,316$88,679,340
93$121,378,942$13,715,148$6,627,578$97,489,655
94$133,681,169$14,308,765$6,771,177$107,191,602
95$147,235,753$14,928,999$6,917,116$117,875,911
96$162,170,356$15,577,077$7,065,396$129,642,558
97$178,625,661$16,254,281$7,216,014$142,601,710
98$196,756,695$16,961,958$7,368,968$156,874,761
99$216,734,298$17,701,514$7,524,248$172,595,481
100$238,746,732$18,474,423$7,681,846$189,911,277