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

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$211,402$209,519$207,682$205,889$204,138$198,559
2 years$104,655$102,706$100,817$98,985$97,209$91,628
3 years$69,077$67,119$65,235$63,421$61,673$56,267
4 years$51,291$49,340$47,474$45,691$43,986$38,795
5 years$40,623$38,683$36,842$35,095$33,437$28,476
6 years$33,513$31,588$29,774$28,066$26,458$21,730
7 years$28,436$26,527$24,742$23,074$21,517$17,024
8 years$24,630$22,739$20,983$19,357$17,851$13,590
9 years$21,672$19,798$18,073$16,488$15,033$11,000
10 years$19,307$17,451$15,756$14,212$12,809$8,998
11 years$17,373$15,536$13,872$12,369$11,016$7,423
12 years$15,762$13,944$12,311$10,849$9,546$6,163
13 years$14,400$12,601$10,999$9,578$8,324$5,144
14 years$13,234$11,454$9,883$8,503$7,297$4,312
15 years$12,224$10,464$8,923$7,583$6,425$3,628
16 years$11,342$9,600$8,090$6,790$5,678$3,061
17 years$10,564$8,841$7,361$6,100$5,035$2,588
18 years$9,873$8,170$6,720$5,498$4,477$2,194
19 years$9,256$7,572$6,152$4,968$3,990$1,862
20 years$8,701$7,036$5,646$4,499$3,564$1,583
21 years$8,199$6,554$5,193$4,083$3,190$1,347
22 years$7,744$6,118$4,786$3,713$2,859$1,148
23 years$7,329$5,722$4,419$3,381$2,566$979
24 years$6,949$5,361$4,087$3,084$2,307$835
25 years$6,600$5,031$3,785$2,816$2,076$713
26 years$6,278$4,728$3,511$2,575$1,870$609
27 years$5,981$4,450$3,260$2,357$1,686$521
28 years$5,706$4,193$3,031$2,160$1,521$445
29 years$5,450$3,956$2,820$1,980$1,373$381
30 years$5,211$3,736$2,627$1,817$1,241$326
31 years$4,988$3,532$2,449$1,669$1,122$279
32 years$4,780$3,342$2,285$1,534$1,015$238
33 years$4,585$3,164$2,134$1,411$918$204
34 years$4,401$2,999$1,993$1,298$832$175
35 years$4,229$2,845$1,864$1,195$753$150
36 years$4,066$2,700$1,743$1,100$682$128
37 years$3,912$2,564$1,632$1,014$619$110
38 years$3,767$2,437$1,528$935$561$94
39 years$3,630$2,317$1,432$862$509$81
40 years$3,500$2,205$1,342$795$461$69
41 years$3,376$2,099$1,258$733$418$59
42 years$3,259$1,999$1,180$677$380$51
43 years$3,148$1,905$1,108$625$345$43
44 years$3,042$1,815$1,040$577$313$37
45 years$2,941$1,731$976$533$284$32
46 years$2,844$1,651$917$492$258$27
47 years$2,752$1,576$861$455$234$23
48 years$2,664$1,504$809$420$213$20
49 years$2,580$1,437$761$388$193$17
50 years$2,499$1,372$715$359$175$15

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 $4,983 every year, while hoping to spend $53,747 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: 26/46/28 Blend
52$2,560,000$2,560,000$2,560,000$2,560,000
53$2,826,260$2,690,580$2,650,900$2,874,910
54$3,057,352$2,765,232$2,682,519$2,989,937
55$3,310,214$2,841,741$2,713,395$3,108,346
56$3,587,010$2,920,140$2,743,448$3,234,289
57$3,890,123$3,000,464$2,772,591$3,368,442
58$4,222,176$3,082,748$2,800,733$3,511,546
59$4,586,059$3,167,023$2,827,779$3,664,418
60$4,984,954$3,253,325$2,853,627$3,827,957
61$5,422,368$3,341,686$2,878,172$4,003,152
62$5,902,159$3,432,138$2,901,300$4,191,092
63$6,428,580$3,524,714$2,922,895$4,392,978
64$7,006,315$3,619,445$2,942,831$4,610,130
65$7,640,522$3,716,361$2,960,980$4,844,004
66$8,336,885$3,815,492$2,977,202$5,096,203
67$9,101,663$3,916,867$2,991,354$5,368,493
68$9,941,753$4,020,514$3,003,285$5,662,819
69$10,864,751$4,126,458$3,012,834$5,981,325
70$11,879,027$4,234,725$3,019,835$6,326,372
71$12,993,799$4,345,339$3,024,111$6,700,563
72$14,219,227$4,458,321$3,025,479$7,106,765
73$15,566,500$4,573,690$3,023,745$7,548,138
74$17,047,948$4,691,466$3,018,705$8,028,165
75$18,677,154$4,811,663$3,010,147$8,550,684
76$20,469,084$4,934,295$2,997,847$9,119,925
77$22,440,226$5,059,371$2,981,571$9,740,550
78$24,608,750$5,186,900$2,961,073$10,417,696
79$26,994,670$5,316,887$2,936,097$11,157,028
80$29,620,043$5,449,331$2,906,373$11,964,786
81$32,509,169$5,584,230$2,871,619$12,847,851
82$35,688,825$5,721,577$2,831,538$13,813,807
83$39,188,513$5,861,362$2,785,822$14,871,011
84$43,040,740$6,003,568$2,734,147$16,028,676
85$47,281,328$6,148,175$2,676,173$17,296,958
86$51,949,744$6,295,156$2,611,545$18,687,050
87$57,089,478$6,444,480$2,539,892$20,211,291
88$62,748,453$6,596,107$2,460,827$21,883,279
89$68,979,472$6,749,993$2,373,941$23,718,007
90$75,840,722$6,906,086$2,278,812$25,731,996
91$83,396,317$7,064,326$2,174,994$27,943,461
92$91,716,908$7,224,645$2,062,023$30,372,477
93$100,880,346$7,386,965$1,939,413$33,041,173
94$110,972,416$7,551,202$1,806,659$35,973,939
95$122,087,649$7,717,257$1,663,228$39,197,662
96$134,330,211$7,885,024$1,508,568$42,741,976
97$147,814,887$8,054,386$1,342,100$46,639,544
98$162,668,165$8,225,210$1,163,220$50,926,369
99$179,029,427$8,397,354$971,296$55,642,137
100$197,052,263$8,570,659$765,670$60,830,588