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

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$208,925$207,064$205,248$203,476$201,746$196,074
2 years$103,428$101,502$99,635$97,825$96,069$90,398
3 years$68,267$66,333$64,471$62,677$60,950$55,458
4 years$50,690$48,762$46,918$45,156$43,470$38,198
5 years$40,147$38,230$36,410$34,684$33,045$28,008
6 years$33,120$31,217$29,425$27,737$26,148$21,350
7 years$28,103$26,216$24,452$22,804$21,265$16,707
8 years$24,342$22,472$20,737$19,130$17,641$13,321
9 years$21,418$19,566$17,861$16,294$14,857$10,769
10 years$19,080$17,247$15,572$14,046$12,659$8,799
11 years$17,169$15,354$13,709$12,224$10,887$7,249
12 years$15,577$13,781$12,167$10,722$9,434$6,011
13 years$14,232$12,454$10,870$9,466$8,227$5,010
14 years$13,079$11,320$9,767$8,403$7,212$4,194
15 years$12,081$10,341$8,818$7,494$6,350$3,524
16 years$11,209$9,488$7,995$6,710$5,612$2,968
17 years$10,440$8,738$7,275$6,029$4,976$2,507
18 years$9,757$8,074$6,641$5,433$4,424$2,121
19 years$9,147$7,483$6,080$4,909$3,943$1,798
20 years$8,599$6,954$5,580$4,446$3,522$1,526
21 years$8,103$6,477$5,132$4,035$3,152$1,297
22 years$7,653$6,046$4,730$3,669$2,825$1,103
23 years$7,243$5,655$4,367$3,342$2,536$939
24 years$6,868$5,298$4,039$3,048$2,280$800
25 years$6,523$4,972$3,741$2,783$2,051$682
26 years$6,205$4,673$3,470$2,545$1,848$582
27 years$5,911$4,398$3,222$2,329$1,666$496
28 years$5,639$4,144$2,995$2,134$1,503$424
29 years$5,386$3,909$2,787$1,957$1,357$362
30 years$5,150$3,692$2,596$1,796$1,226$309
31 years$4,930$3,490$2,420$1,650$1,109$264
32 years$4,724$3,302$2,258$1,516$1,003$226
33 years$4,531$3,127$2,109$1,394$908$193
34 years$4,350$2,964$1,970$1,283$822$165
35 years$4,179$2,811$1,842$1,181$744$141
36 years$4,018$2,668$1,723$1,088$674$120
37 years$3,867$2,534$1,613$1,002$611$103
38 years$3,723$2,409$1,510$924$554$88
39 years$3,587$2,290$1,415$852$503$75
40 years$3,459$2,179$1,326$785$456$64
41 years$3,337$2,074$1,244$725$414$55
42 years$3,221$1,975$1,167$669$375$47
43 years$3,111$1,882$1,095$617$341$40
44 years$3,006$1,794$1,027$570$309$34
45 years$2,906$1,711$965$526$281$29
46 years$2,811$1,632$906$486$255$25
47 years$2,720$1,558$851$449$231$22
48 years$2,633$1,487$800$415$210$18
49 years$2,550$1,420$752$384$191$16
50 years$2,470$1,356$707$355$173$13

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 $3,885 every year, while hoping to spend $33,379 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: 89/5/6 Blend
52$2,530,000$2,530,000$2,530,000$2,530,000
53$2,792,067$2,657,977$2,618,762$3,039,823
54$3,041,343$2,752,703$2,670,976$3,296,278
55$3,314,927$2,850,952$2,723,820$3,573,139
56$3,615,261$2,952,861$2,777,280$3,876,472
57$3,945,040$3,058,573$2,831,341$4,208,922
58$4,307,228$3,168,237$2,885,985$4,573,407
59$4,705,093$3,282,009$2,941,193$4,973,136
60$5,142,234$3,400,049$2,996,945$5,411,648
61$5,622,616$3,522,525$3,053,216$5,892,838
62$6,150,607$3,649,612$3,109,983$6,420,999
63$6,731,018$3,781,493$3,167,217$7,000,858
64$7,369,154$3,918,358$3,224,890$7,637,624
65$8,070,853$4,060,403$3,282,970$8,337,034
66$8,842,552$4,207,835$3,341,421$9,105,408
67$9,691,341$4,360,868$3,400,208$9,949,710
68$10,625,033$4,519,725$3,459,289$10,877,611
69$11,652,234$4,684,639$3,518,623$11,897,563
70$12,782,428$4,855,853$3,578,164$13,018,877
71$14,026,064$5,033,618$3,637,861$14,251,811
72$15,394,656$5,218,199$3,697,663$15,607,669
73$16,900,889$5,409,869$3,757,513$17,098,903
74$18,558,742$5,608,914$3,817,351$18,739,234
75$20,383,615$5,815,632$3,877,114$20,543,779
76$22,392,479$6,030,334$3,936,732$22,529,196
77$24,604,034$6,253,343$3,996,135$24,713,836
78$27,038,885$6,484,996$4,055,245$27,117,922
79$29,719,736$6,725,645$4,113,980$29,763,735
80$32,671,604$6,975,657$4,172,254$32,675,826
81$35,922,057$7,235,413$4,229,974$35,881,248
82$39,501,472$7,505,314$4,287,043$39,409,808
83$43,443,321$7,785,773$4,343,358$43,294,351
84$47,784,489$8,077,225$4,398,809$47,571,068
85$52,565,619$8,380,121$4,453,282$52,279,840
86$57,831,499$8,694,933$4,506,653$57,464,609
87$63,631,480$9,022,153$4,558,794$63,173,798
88$70,019,946$9,362,294$4,609,569$69,460,763
89$77,056,824$9,715,890$4,658,833$76,384,300
90$84,808,151$10,083,500$4,706,435$84,009,195
91$93,346,698$10,465,706$4,752,216$92,406,841
92$102,752,651$10,863,116$4,796,005$101,655,907
93$113,114,376$11,276,364$4,837,626$111,843,082
94$124,529,247$11,706,110$4,876,891$123,063,892
95$137,104,567$12,153,047$4,913,604$135,423,601
96$150,958,580$12,617,893$4,947,557$149,038,206
97$166,221,587$13,101,401$4,978,531$164,035,530
98$183,037,175$13,604,356$5,006,298$180,556,429
99$201,563,574$14,127,577$5,030,616$198,756,119
100$221,975,149$14,671,918$5,051,233$218,805,642