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%18.7%
1 years$211,402$209,519$207,682$205,889$204,138$196,973
2 years$104,655$102,706$100,817$98,985$97,209$90,066
3 years$69,077$67,119$65,235$63,421$61,673$54,776
4 years$51,291$49,340$47,474$45,691$43,986$37,388
5 years$40,623$38,683$36,842$35,095$33,437$27,155
6 years$33,513$31,588$29,774$28,066$26,458$20,497
7 years$28,436$26,527$24,742$23,074$21,517$15,876
8 years$24,630$22,739$20,983$19,357$17,851$12,524
9 years$21,672$19,798$18,073$16,488$15,033$10,015
10 years$19,307$17,451$15,756$14,212$12,809$8,091
11 years$17,373$15,536$13,872$12,369$11,016$6,588
12 years$15,762$13,944$12,311$10,849$9,546$5,398
13 years$14,400$12,601$10,999$9,578$8,324$4,445
14 years$13,234$11,454$9,883$8,503$7,297$3,675
15 years$12,224$10,464$8,923$7,583$6,425$3,048
16 years$11,342$9,600$8,090$6,790$5,678$2,535
17 years$10,564$8,841$7,361$6,100$5,035$2,113
18 years$9,873$8,170$6,720$5,498$4,477$1,764
19 years$9,256$7,572$6,152$4,968$3,990$1,475
20 years$8,701$7,036$5,646$4,499$3,564$1,235
21 years$8,199$6,554$5,193$4,083$3,190$1,035
22 years$7,744$6,118$4,786$3,713$2,859$868
23 years$7,329$5,722$4,419$3,381$2,566$728
24 years$6,949$5,361$4,087$3,084$2,307$612
25 years$6,600$5,031$3,785$2,816$2,076$514
26 years$6,278$4,728$3,511$2,575$1,870$432
27 years$5,981$4,450$3,260$2,357$1,686$363
28 years$5,706$4,193$3,031$2,160$1,521$306
29 years$5,450$3,956$2,820$1,980$1,373$257
30 years$5,211$3,736$2,627$1,817$1,241$216
31 years$4,988$3,532$2,449$1,669$1,122$182
32 years$4,780$3,342$2,285$1,534$1,015$153
33 years$4,585$3,164$2,134$1,411$918$129
34 years$4,401$2,999$1,993$1,298$832$109
35 years$4,229$2,845$1,864$1,195$753$92
36 years$4,066$2,700$1,743$1,100$682$77
37 years$3,912$2,564$1,632$1,014$619$65
38 years$3,767$2,437$1,528$935$561$55
39 years$3,630$2,317$1,432$862$509$46
40 years$3,500$2,205$1,342$795$461$39
41 years$3,376$2,099$1,258$733$418$33
42 years$3,259$1,999$1,180$677$380$28
43 years$3,148$1,905$1,108$625$345$23
44 years$3,042$1,815$1,040$577$313$20
45 years$2,941$1,731$976$533$284$16
46 years$2,844$1,651$917$492$258$14
47 years$2,752$1,576$861$455$234$12
48 years$2,664$1,504$809$420$213$10
49 years$2,580$1,437$761$388$193$8
50 years$2,499$1,372$715$359$175$7

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 $4,066 every year, while hoping to spend $34,578 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: 29/50/21 Blend
52$2,560,000$2,560,000$2,560,000$2,560,000
53$2,825,314$2,689,634$2,649,954$2,888,503
54$3,076,705$2,784,635$2,701,937$3,032,458
55$3,352,580$2,883,133$2,754,502$3,183,763
56$3,655,398$2,985,261$2,807,633$3,345,709
57$3,987,870$3,091,161$2,861,310$3,519,230
58$4,352,983$3,200,978$2,915,514$3,705,353
59$4,754,025$3,314,864$2,970,222$3,905,205
60$5,194,621$3,432,977$3,025,409$4,120,021
61$5,678,761$3,555,482$3,081,049$4,351,158
62$6,210,843$3,682,549$3,137,113$4,600,103
63$6,795,713$3,814,357$3,193,570$4,868,493
64$7,438,707$3,951,093$3,250,386$5,158,124
65$8,145,706$4,092,947$3,307,525$5,470,967
66$8,923,189$4,240,123$3,364,949$5,809,191
67$9,778,294$4,392,829$3,422,614$6,175,178
68$10,718,886$4,551,283$3,480,477$6,571,546
69$11,753,628$4,715,712$3,538,489$7,001,172
70$12,892,069$4,886,353$3,596,600$7,467,221
71$14,144,728$5,063,451$3,654,753$7,973,171
72$15,523,194$5,247,264$3,712,891$8,522,849
73$17,040,239$5,438,059$3,770,952$9,120,463
74$18,709,932$5,636,113$3,828,868$9,770,641
75$20,547,780$5,841,717$3,886,570$10,478,474
76$22,570,865$6,055,173$3,943,981$11,249,566
77$24,798,012$6,276,795$4,001,024$12,090,079
78$27,249,963$6,506,912$4,057,612$13,006,796
79$29,949,574$6,745,865$4,113,656$14,007,181
80$32,922,028$6,994,011$4,169,062$15,099,449
81$36,195,078$7,251,719$4,223,727$16,292,641
82$39,799,300$7,519,378$4,277,547$17,596,710
83$43,768,392$7,797,391$4,330,408$19,022,611
84$48,139,482$8,086,177$4,382,191$20,582,406
85$52,953,485$8,386,176$4,432,770$22,289,371
86$58,255,485$8,697,843$4,482,012$24,158,126
87$64,095,163$9,021,655$4,529,778$26,204,768
88$70,527,263$9,358,110$4,575,919$28,447,020
89$77,612,110$9,707,723$4,620,278$30,904,399
90$85,416,180$10,071,037$4,662,693$33,598,396
91$94,012,726$10,448,613$4,702,989$36,552,681
92$103,482,469$10,841,040$4,740,983$39,793,319
93$113,914,359$11,248,930$4,776,485$43,349,016
94$125,406,418$11,672,921$4,809,291$47,251,389
95$138,066,660$12,113,681$4,839,189$51,535,261
96$152,014,113$12,571,906$4,865,956$56,238,989
97$167,379,942$13,048,319$4,889,356$61,404,819
98$184,308,689$13,543,680$4,909,142$67,079,288
99$202,959,632$14,058,776$4,925,055$73,313,655
100$223,508,292$14,594,434$4,936,821$80,164,388