Can I retire at age 53 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$210,577$208,701$206,871$205,085$203,341$199,480
2 years$104,246$102,304$100,423$98,598$96,829$92,954
3 years$68,807$66,857$64,980$63,173$61,432$57,665
4 years$51,091$49,147$47,289$45,513$43,814$40,182
5 years$40,464$38,532$36,698$34,958$33,307$29,821
6 years$33,382$31,464$29,658$27,956$26,354$23,019
7 years$28,325$26,424$24,646$22,984$21,433$18,249
8 years$24,534$22,650$20,901$19,281$17,781$14,747
9 years$21,587$19,721$18,002$16,423$14,974$12,088
10 years$19,231$17,383$15,695$14,157$12,759$10,019
11 years$17,305$15,475$13,818$12,321$10,973$8,375
12 years$15,701$13,889$12,263$10,807$9,509$7,050
13 years$14,344$12,552$10,956$9,541$8,292$5,968
14 years$13,183$11,409$9,844$8,469$7,269$5,075
15 years$12,177$10,423$8,888$7,553$6,400$4,332
16 years$11,297$9,563$8,058$6,763$5,656$3,710
17 years$10,522$8,807$7,332$6,077$5,015$3,186
18 years$9,834$8,138$6,694$5,476$4,459$2,742
19 years$9,219$7,542$6,128$4,948$3,975$2,364
20 years$8,667$7,009$5,624$4,482$3,550$2,042
21 years$8,167$6,528$5,173$4,067$3,177$1,766
22 years$7,714$6,094$4,767$3,698$2,848$1,529
23 years$7,300$5,699$4,402$3,368$2,556$1,325
24 years$6,922$5,340$4,071$3,072$2,298$1,150
25 years$6,574$5,011$3,771$2,805$2,068$998
26 years$6,254$4,710$3,497$2,565$1,862$867
27 years$5,958$4,433$3,247$2,348$1,679$754
28 years$5,683$4,177$3,019$2,151$1,515$656
29 years$5,428$3,940$2,809$1,973$1,368$571
30 years$5,191$3,721$2,617$1,810$1,236$497
31 years$4,969$3,518$2,439$1,663$1,118$432
32 years$4,761$3,328$2,276$1,528$1,011$377
33 years$4,567$3,152$2,125$1,405$915$328
34 years$4,384$2,988$1,986$1,293$828$286
35 years$4,212$2,834$1,856$1,190$750$249
36 years$4,050$2,690$1,737$1,096$680$217
37 years$3,897$2,554$1,625$1,010$616$189
38 years$3,753$2,428$1,522$931$559$165
39 years$3,616$2,308$1,426$858$507$144
40 years$3,486$2,196$1,337$792$459$126
41 years$3,363$2,091$1,253$730$417$109
42 years$3,247$1,991$1,176$674$378$95
43 years$3,135$1,897$1,103$622$343$83
44 years$3,030$1,808$1,036$575$312$73
45 years$2,929$1,724$972$531$283$63
46 years$2,833$1,645$913$490$257$55
47 years$2,741$1,570$858$453$233$48
48 years$2,654$1,499$806$418$212$42
49 years$2,570$1,431$758$387$192$37
50 years$2,490$1,367$713$357$175$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,550,000, adding $6,455 every year, while hoping to spend $59,239 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: 62/8/30 Blend
52$2,550,000$2,550,000$2,550,000$2,550,000
53$2,816,758$2,681,608$2,642,083$2,968,226
54$3,041,038$2,749,977$2,667,563$3,140,481
55$3,286,208$2,819,711$2,691,911$3,321,546
56$3,554,338$2,890,813$2,715,027$3,518,035
57$3,847,705$2,963,288$2,736,805$3,731,473
58$4,168,816$3,037,134$2,757,133$3,963,537
59$4,520,433$3,112,351$2,775,894$4,216,078
60$4,905,596$3,188,935$2,792,966$4,491,136
61$5,327,655$3,266,881$2,808,218$4,790,958
62$5,790,296$3,346,179$2,821,514$5,118,021
63$6,297,583$3,426,817$2,832,711$5,475,054
64$6,853,988$3,508,783$2,841,658$5,865,068
65$7,464,438$3,592,057$2,848,198$6,291,377
66$8,134,362$3,676,620$2,852,164$6,757,638
67$8,869,738$3,762,445$2,853,382$7,267,879
68$9,677,151$3,849,504$2,851,670$7,826,540
69$10,563,855$3,937,764$2,846,835$8,438,516
70$11,537,841$4,027,187$2,838,677$9,109,201
71$12,607,913$4,117,731$2,826,985$9,844,542
72$13,783,768$4,209,348$2,811,537$10,651,092
73$15,076,090$4,301,985$2,792,101$11,536,074
74$16,496,650$4,395,581$2,768,436$12,507,451
75$18,058,416$4,490,072$2,740,286$13,573,999
76$19,775,674$4,585,384$2,707,384$14,745,389
77$21,664,164$4,681,439$2,669,453$16,032,285
78$23,741,228$4,778,149$2,626,199$17,446,436
79$26,025,973$4,875,418$2,577,316$19,000,795
80$28,539,451$4,973,143$2,522,485$20,709,637
81$31,304,856$5,071,209$2,461,370$22,588,697
82$34,347,747$5,169,493$2,393,621$24,655,318
83$37,696,280$5,267,861$2,318,871$26,928,614
84$41,381,484$5,366,169$2,236,736$29,429,653
85$45,437,544$5,464,260$2,146,815$32,181,656
86$49,902,129$5,561,965$2,048,690$35,210,216
87$54,816,746$5,659,101$1,941,920$38,543,540
88$60,227,128$5,755,471$1,826,049$42,212,718
89$66,183,671$5,850,864$1,700,597$46,252,015
90$72,741,902$5,945,053$1,565,063$50,699,197
91$79,963,008$6,037,794$1,418,926$55,595,887
92$87,914,413$6,128,823$1,261,637$60,987,959
93$96,670,409$6,217,862$1,092,628$66,925,975
94$106,312,861$6,304,608$911,302$73,465,657
95$116,931,979$6,388,739$717,037$80,668,422
96$128,627,166$6,469,913$509,182$88,601,955
97$141,507,958$6,547,759$287,061$97,340,855
98$155,695,056$6,621,886$49,964$106,967,339
99$171,321,467$6,691,874$0$117,572,018
100$188,533,756$6,757,275$0$129,319,753