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%16.2%
1 years$208,925$207,064$205,248$203,476$201,746$196,629
2 years$103,428$101,502$99,635$97,825$96,069$90,948
3 years$68,267$66,333$64,471$62,677$60,950$55,984
4 years$50,690$48,762$46,918$45,156$43,470$38,697
5 years$40,147$38,230$36,410$34,684$33,045$28,479
6 years$33,120$31,217$29,425$27,737$26,148$21,792
7 years$28,103$26,216$24,452$22,804$21,265$17,121
8 years$24,342$22,472$20,737$19,130$17,641$13,707
9 years$21,418$19,566$17,861$16,294$14,857$11,128
10 years$19,080$17,247$15,572$14,046$12,659$9,132
11 years$17,169$15,354$13,709$12,224$10,887$7,557
12 years$15,577$13,781$12,167$10,722$9,434$6,295
13 years$14,232$12,454$10,870$9,466$8,227$5,272
14 years$13,079$11,320$9,767$8,403$7,212$4,435
15 years$12,081$10,341$8,818$7,494$6,350$3,744
16 years$11,209$9,488$7,995$6,710$5,612$3,170
17 years$10,440$8,738$7,275$6,029$4,976$2,691
18 years$9,757$8,074$6,641$5,433$4,424$2,289
19 years$9,147$7,483$6,080$4,909$3,943$1,950
20 years$8,599$6,954$5,580$4,446$3,522$1,664
21 years$8,103$6,477$5,132$4,035$3,152$1,422
22 years$7,653$6,046$4,730$3,669$2,825$1,216
23 years$7,243$5,655$4,367$3,342$2,536$1,041
24 years$6,868$5,298$4,039$3,048$2,280$892
25 years$6,523$4,972$3,741$2,783$2,051$764
26 years$6,205$4,673$3,470$2,545$1,848$656
27 years$5,911$4,398$3,222$2,329$1,666$563
28 years$5,639$4,144$2,995$2,134$1,503$483
29 years$5,386$3,909$2,787$1,957$1,357$415
30 years$5,150$3,692$2,596$1,796$1,226$356
31 years$4,930$3,490$2,420$1,650$1,109$306
32 years$4,724$3,302$2,258$1,516$1,003$263
33 years$4,531$3,127$2,109$1,394$908$226
34 years$4,350$2,964$1,970$1,283$822$194
35 years$4,179$2,811$1,842$1,181$744$167
36 years$4,018$2,668$1,723$1,088$674$144
37 years$3,867$2,534$1,613$1,002$611$124
38 years$3,723$2,409$1,510$924$554$106
39 years$3,587$2,290$1,415$852$503$91
40 years$3,459$2,179$1,326$785$456$79
41 years$3,337$2,074$1,244$725$414$68
42 years$3,221$1,975$1,167$669$375$58
43 years$3,111$1,882$1,095$617$341$50
44 years$3,006$1,794$1,027$570$309$43
45 years$2,906$1,711$965$526$281$37
46 years$2,811$1,632$906$486$255$32
47 years$2,720$1,558$851$449$231$27
48 years$2,633$1,487$800$415$210$24
49 years$2,550$1,420$752$384$191$20
50 years$2,470$1,356$707$355$173$18

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 $2,052 every year, while hoping to spend $27,403 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: 68/11/21 Blend
52$2,530,000$2,530,000$2,530,000$2,530,000
53$2,790,177$2,656,087$2,616,872$2,965,112
54$3,045,618$2,757,078$2,675,380$3,183,439
55$3,326,196$2,862,100$2,734,930$3,418,811
56$3,634,446$2,971,321$2,795,528$3,675,634
57$3,973,160$3,084,916$2,857,179$3,956,020
58$4,345,414$3,203,069$2,919,887$4,262,299
59$4,754,599$3,325,972$2,983,656$4,597,033
60$5,204,449$3,453,825$3,048,488$4,963,043
61$5,699,076$3,586,836$3,114,387$5,363,439
62$6,243,015$3,725,224$3,181,351$5,801,640
63$6,841,258$3,869,216$3,249,382$6,281,416
64$7,499,308$4,019,049$3,318,478$6,806,917
65$8,223,227$4,174,972$3,388,637$7,382,714
66$9,019,693$4,337,243$3,459,853$8,013,841
67$9,896,067$4,506,132$3,532,123$8,705,842
68$10,860,456$4,681,923$3,605,440$9,464,826
69$11,921,795$4,864,910$3,679,794$10,297,520
70$13,089,928$5,055,401$3,755,178$11,211,333
71$14,375,702$5,253,717$3,831,578$12,214,429
72$15,791,069$5,460,194$3,908,981$13,315,801
73$17,349,199$5,675,184$3,987,372$14,525,353
74$19,064,602$5,899,053$4,066,734$15,853,999
75$20,953,268$6,132,184$4,147,047$17,313,762
76$23,032,817$6,374,976$4,228,288$18,917,885
77$25,322,663$6,627,848$4,310,434$20,680,959
78$27,844,199$6,891,237$4,393,458$22,619,062
79$30,620,998$7,165,598$4,477,329$24,749,904
80$33,679,036$7,451,409$4,562,016$27,092,998
81$37,046,937$7,749,168$4,647,483$29,669,845
82$40,756,242$8,059,394$4,733,691$32,504,130
83$44,841,708$8,382,634$4,820,599$35,621,954
84$49,341,633$8,719,454$4,908,160$39,052,073
85$54,298,222$9,070,450$4,996,326$42,826,169
86$59,757,981$9,436,242$5,085,043$46,979,154
87$65,772,158$9,817,480$5,174,255$51,549,493
88$72,397,224$10,214,844$5,263,899$56,579,570
89$79,695,412$10,629,041$5,353,910$62,116,085
90$87,735,295$11,060,815$5,444,217$68,210,496
91$96,592,441$11,510,941$5,534,744$74,919,504
92$106,350,122$11,980,230$5,625,411$82,305,586
93$117,100,103$12,469,529$5,716,130$90,437,585
94$128,943,503$12,979,726$5,806,810$99,391,359
95$141,991,754$13,511,746$5,897,352$109,250,497
96$156,367,651$14,066,560$5,987,652$120,107,106
97$172,206,511$14,645,181$6,077,598$132,062,679
98$189,657,450$15,248,670$6,167,072$145,229,055
99$208,884,789$15,878,134$6,255,948$159,729,471
100$230,069,609$16,534,734$6,344,094$175,699,727