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

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$210,577$208,701$206,871$205,085$203,341$195,504
2 years$104,246$102,304$100,423$98,598$96,829$89,028
3 years$68,807$66,857$64,980$63,173$61,432$53,911
4 years$51,091$49,147$47,289$45,513$43,814$36,631
5 years$40,464$38,532$36,698$34,958$33,307$26,479
6 years$33,382$31,464$29,658$27,956$26,354$19,888
7 years$28,325$26,424$24,646$22,984$21,433$15,325
8 years$24,534$22,650$20,901$19,281$17,781$12,025
9 years$21,587$19,721$18,002$16,423$14,974$9,563
10 years$19,231$17,383$15,695$14,157$12,759$7,682
11 years$17,305$15,475$13,818$12,321$10,973$6,218
12 years$15,701$13,889$12,263$10,807$9,509$5,065
13 years$14,344$12,552$10,956$9,541$8,292$4,145
14 years$13,183$11,409$9,844$8,469$7,269$3,405
15 years$12,177$10,423$8,888$7,553$6,400$2,806
16 years$11,297$9,563$8,058$6,763$5,656$2,319
17 years$10,522$8,807$7,332$6,077$5,015$1,920
18 years$9,834$8,138$6,694$5,476$4,459$1,592
19 years$9,219$7,542$6,128$4,948$3,975$1,322
20 years$8,667$7,009$5,624$4,482$3,550$1,099
21 years$8,167$6,528$5,173$4,067$3,177$915
22 years$7,714$6,094$4,767$3,698$2,848$762
23 years$7,300$5,699$4,402$3,368$2,556$635
24 years$6,922$5,340$4,071$3,072$2,298$529
25 years$6,574$5,011$3,771$2,805$2,068$442
26 years$6,254$4,710$3,497$2,565$1,862$369
27 years$5,958$4,433$3,247$2,348$1,679$308
28 years$5,683$4,177$3,019$2,151$1,515$257
29 years$5,428$3,940$2,809$1,973$1,368$215
30 years$5,191$3,721$2,617$1,810$1,236$179
31 years$4,969$3,518$2,439$1,663$1,118$150
32 years$4,761$3,328$2,276$1,528$1,011$125
33 years$4,567$3,152$2,125$1,405$915$105
34 years$4,384$2,988$1,986$1,293$828$87
35 years$4,212$2,834$1,856$1,190$750$73
36 years$4,050$2,690$1,737$1,096$680$61
37 years$3,897$2,554$1,625$1,010$616$51
38 years$3,753$2,428$1,522$931$559$43
39 years$3,616$2,308$1,426$858$507$36
40 years$3,486$2,196$1,337$792$459$30
41 years$3,363$2,091$1,253$730$417$25
42 years$3,247$1,991$1,176$674$378$21
43 years$3,135$1,897$1,103$622$343$17
44 years$3,030$1,808$1,036$575$312$15
45 years$2,929$1,724$972$531$283$12
46 years$2,833$1,645$913$490$257$10
47 years$2,741$1,570$858$453$233$9
48 years$2,654$1,499$806$418$212$7
49 years$2,570$1,431$758$387$192$6
50 years$2,490$1,367$713$357$175$5

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 $4,979 every year, while hoping to spend $39,137 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: 74/5/21 Blend
52$2,550,000$2,550,000$2,550,000$2,550,000
53$2,815,236$2,680,086$2,640,561$3,008,997
54$3,060,748$2,769,769$2,687,378$3,228,047
55$3,329,992$2,862,534$2,734,452$3,462,803
56$3,625,345$2,958,492$2,781,750$3,719,070
57$3,949,428$3,057,756$2,829,237$3,998,985
58$4,305,128$3,160,445$2,876,875$4,304,899
59$4,695,625$3,266,680$2,924,624$4,639,403
60$5,124,420$3,376,590$2,972,441$5,005,350
61$5,595,373$3,490,304$3,020,279$5,405,883
62$6,112,733$3,607,961$3,068,091$5,844,467
63$6,681,183$3,729,702$3,115,823$6,324,914
64$7,305,881$3,855,675$3,163,420$6,851,427
65$7,992,509$3,986,031$3,210,823$7,428,636
66$8,747,328$4,120,930$3,257,969$8,061,640
67$9,577,236$4,260,536$3,304,791$8,756,060
68$10,489,831$4,405,019$3,351,218$9,518,084
69$11,493,486$4,554,558$3,397,176$10,354,534
70$12,597,425$4,709,334$3,442,585$11,272,926
71$13,811,811$4,869,541$3,487,361$12,281,537
72$15,147,843$5,035,375$3,531,414$13,389,492
73$16,617,857$5,207,043$3,574,651$14,606,842
74$18,235,448$5,384,758$3,616,972$15,944,662
75$20,015,595$5,568,741$3,658,271$17,415,157
76$21,974,800$5,759,224$3,698,438$19,031,772
77$24,131,250$5,956,446$3,737,355$20,809,324
78$26,504,980$6,160,655$3,774,899$22,764,140
79$29,118,069$6,372,109$3,810,940$24,914,210
80$31,994,846$6,591,075$3,845,340$27,279,357
81$35,162,116$6,817,833$3,877,954$29,881,423
82$38,649,417$7,052,672$3,908,631$32,744,480
83$42,489,296$7,295,893$3,937,209$35,895,050
84$46,717,619$7,547,806$3,963,520$39,362,360
85$51,373,905$7,808,737$3,987,387$43,178,617
86$56,501,702$8,079,024$4,008,623$47,379,309
87$62,148,995$8,359,015$4,027,031$52,003,545
88$68,368,662$8,649,076$4,042,406$57,094,420
89$75,218,969$8,949,585$4,054,531$62,699,422
90$82,764,124$9,260,935$4,063,177$68,870,881
91$91,074,879$9,583,535$4,068,108$75,666,466
92$100,229,198$9,917,809$4,069,071$83,149,724
93$110,312,995$10,264,201$4,065,804$91,390,680
94$121,420,943$10,623,169$4,058,031$100,466,504
95$133,657,366$10,995,192$4,045,462$110,462,232
96$147,137,226$11,380,765$4,027,794$121,471,574
97$161,987,207$11,780,405$4,004,708$133,597,797
98$178,346,908$12,194,651$3,975,871$146,954,698
99$196,370,164$12,624,060$3,940,935$161,667,679
100$216,226,496$13,069,215$3,899,531$177,874,933