Can I retire at age 53 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$211,402$209,519$207,682$205,889$204,138$197,762
2 years$104,655$102,706$100,817$98,985$97,209$90,841
3 years$69,077$67,119$65,235$63,421$61,673$55,515
4 years$51,291$49,340$47,474$45,691$43,986$38,083
5 years$40,623$38,683$36,842$35,095$33,437$27,807
6 years$33,513$31,588$29,774$28,066$26,458$21,104
7 years$28,436$26,527$24,742$23,074$21,517$16,440
8 years$24,630$22,739$20,983$19,357$17,851$13,046
9 years$21,672$19,798$18,073$16,488$15,033$10,496
10 years$19,307$17,451$15,756$14,212$12,809$8,533
11 years$17,373$15,536$13,872$12,369$11,016$6,993
12 years$15,762$13,944$12,311$10,849$9,546$5,768
13 years$14,400$12,601$10,999$9,578$8,324$4,782
14 years$13,234$11,454$9,883$8,503$7,297$3,981
15 years$12,224$10,464$8,923$7,583$6,425$3,326
16 years$11,342$9,600$8,090$6,790$5,678$2,786
17 years$10,564$8,841$7,361$6,100$5,035$2,339
18 years$9,873$8,170$6,720$5,498$4,477$1,967
19 years$9,256$7,572$6,152$4,968$3,990$1,658
20 years$8,701$7,036$5,646$4,499$3,564$1,398
21 years$8,199$6,554$5,193$4,083$3,190$1,181
22 years$7,744$6,118$4,786$3,713$2,859$998
23 years$7,329$5,722$4,419$3,381$2,566$845
24 years$6,949$5,361$4,087$3,084$2,307$715
25 years$6,600$5,031$3,785$2,816$2,076$606
26 years$6,278$4,728$3,511$2,575$1,870$513
27 years$5,981$4,450$3,260$2,357$1,686$435
28 years$5,706$4,193$3,031$2,160$1,521$369
29 years$5,450$3,956$2,820$1,980$1,373$313
30 years$5,211$3,736$2,627$1,817$1,241$266
31 years$4,988$3,532$2,449$1,669$1,122$225
32 years$4,780$3,342$2,285$1,534$1,015$191
33 years$4,585$3,164$2,134$1,411$918$162
34 years$4,401$2,999$1,993$1,298$832$138
35 years$4,229$2,845$1,864$1,195$753$117
36 years$4,066$2,700$1,743$1,100$682$99
37 years$3,912$2,564$1,632$1,014$619$84
38 years$3,767$2,437$1,528$935$561$72
39 years$3,630$2,317$1,432$862$509$61
40 years$3,500$2,205$1,342$795$461$52
41 years$3,376$2,099$1,258$733$418$44
42 years$3,259$1,999$1,180$677$380$37
43 years$3,148$1,905$1,108$625$345$32
44 years$3,042$1,815$1,040$577$313$27
45 years$2,941$1,731$976$533$284$23
46 years$2,844$1,651$917$492$258$19
47 years$2,752$1,576$861$455$234$17
48 years$2,664$1,504$809$420$213$14
49 years$2,580$1,437$761$388$193$12
50 years$2,499$1,372$715$359$175$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,560,000, adding $5,118 every year, while hoping to spend $36,008 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: 77/18/5 Blend
52$2,560,000$2,560,000$2,560,000$2,560,000
53$2,826,399$2,690,719$2,651,039$3,042,897
54$3,076,380$2,784,252$2,701,537$3,279,167
55$3,350,651$2,881,162$2,752,519$3,532,938
56$3,651,654$2,981,575$2,803,965$3,810,080
57$3,982,075$3,085,624$2,855,850$4,112,897
58$4,344,874$3,193,447$2,908,148$4,443,926
59$4,743,312$3,305,187$2,960,832$4,805,960
60$5,180,982$3,420,993$3,013,872$5,202,073
61$5,661,840$3,541,020$3,067,235$5,635,651
62$6,190,247$3,665,429$3,120,886$6,110,422
63$6,771,004$3,794,387$3,174,788$6,630,491
64$7,409,404$3,928,069$3,228,901$7,200,378
65$8,111,274$4,066,655$3,283,180$7,825,063
66$8,883,038$4,210,335$3,337,580$8,510,027
67$9,731,770$4,359,304$3,392,052$9,261,309
68$10,665,267$4,513,767$3,446,542$10,085,561
69$11,692,118$4,673,935$3,500,995$10,990,108
70$12,821,786$4,840,029$3,555,350$11,983,018
71$14,064,698$5,012,280$3,609,543$13,073,180
72$15,432,342$5,190,927$3,663,508$14,270,383
73$16,937,376$5,376,218$3,717,171$15,585,413
74$18,593,749$5,568,413$3,770,457$17,030,149
75$20,416,828$5,767,782$3,823,284$18,617,678
76$22,423,546$5,974,605$3,875,565$20,362,419
77$24,632,561$6,189,174$3,927,210$22,280,253
78$27,064,433$6,411,795$3,978,123$24,388,679
79$29,741,816$6,642,783$4,028,200$26,706,975
80$32,689,671$6,882,470$4,077,335$29,256,378
81$35,935,505$7,131,198$4,125,413$32,060,288
82$39,509,625$7,389,325$4,172,313$35,144,483
83$43,445,430$7,657,225$4,217,909$38,537,368
84$47,779,720$7,935,286$4,262,065$42,270,236
85$52,553,048$8,223,911$4,304,641$46,377,566
86$57,810,099$8,523,522$4,345,486$50,897,348
87$63,600,113$8,834,559$4,384,444$55,871,440
88$69,977,350$9,157,478$4,421,348$61,345,960
89$77,001,601$9,492,756$4,456,025$67,371,726
90$84,738,753$9,840,889$4,488,290$74,004,728
91$93,261,408$10,202,395$4,517,950$81,306,663
92$102,649,572$10,577,813$4,544,802$89,345,508
93$112,991,407$10,967,704$4,568,631$98,196,168
94$124,384,063$11,372,655$4,589,213$107,941,180
95$136,934,598$11,793,276$4,606,313$118,671,487
96$150,760,984$12,230,203$4,619,680$130,487,303
97$165,993,221$12,684,099$4,629,057$143,499,050
98$182,774,567$13,155,657$4,634,167$157,828,404
99$201,262,886$13,645,598$4,634,725$173,609,443
100$221,632,141$14,154,673$4,630,429$190,989,906