Can I retire at age 53 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$212,228$210,338$208,493$206,693$204,935$203,134
2 years$105,063$103,107$101,210$99,372$97,588$95,773
3 years$69,347$67,381$65,490$63,668$61,914$60,141
4 years$51,492$49,532$47,660$45,870$44,158$42,440
5 years$40,781$38,834$36,986$35,232$33,568$31,912
6 years$33,644$31,711$29,890$28,175$26,561$24,968
7 years$28,547$26,631$24,839$23,165$21,601$20,072
8 years$24,727$22,828$21,065$19,432$17,920$16,455
9 years$21,757$19,875$18,144$16,552$15,092$13,690
10 years$19,382$17,519$15,818$14,268$12,859$11,520
11 years$17,440$15,596$13,926$12,417$11,059$9,781
12 years$15,824$13,998$12,359$10,892$9,583$8,366
13 years$14,457$12,650$11,042$9,616$8,357$7,199
14 years$13,286$11,499$9,921$8,536$7,326$6,225
15 years$12,272$10,505$8,957$7,612$6,450$5,405
16 years$11,386$9,638$8,121$6,816$5,701$4,710
17 years$10,605$8,876$7,390$6,124$5,055$4,116
18 years$9,912$8,202$6,746$5,519$4,494$3,607
19 years$9,292$7,601$6,176$4,987$4,006$3,167
20 years$8,735$7,064$5,668$4,517$3,578$2,787
21 years$8,231$6,579$5,213$4,099$3,202$2,456
22 years$7,774$6,142$4,805$3,727$2,870$2,167
23 years$7,358$5,744$4,436$3,394$2,576$1,915
24 years$6,976$5,382$4,103$3,096$2,316$1,694
25 years$6,626$5,051$3,800$2,827$2,084$1,500
26 years$6,303$4,747$3,524$2,585$1,877$1,330
27 years$6,005$4,467$3,273$2,366$1,692$1,179
28 years$5,728$4,209$3,042$2,168$1,527$1,046
29 years$5,471$3,971$2,831$1,988$1,379$929
30 years$5,231$3,750$2,637$1,825$1,246$826
31 years$5,008$3,545$2,459$1,676$1,126$734
32 years$4,799$3,355$2,294$1,540$1,019$652
33 years$4,602$3,177$2,142$1,416$922$580
34 years$4,418$3,011$2,001$1,303$835$516
35 years$4,245$2,856$1,871$1,199$756$460
36 years$4,082$2,711$1,750$1,105$685$409
37 years$3,928$2,574$1,638$1,018$621$364
38 years$3,782$2,447$1,534$938$563$325
39 years$3,644$2,327$1,437$865$510$289
40 years$3,514$2,213$1,347$798$463$258
41 years$3,390$2,107$1,263$736$420$229
42 years$3,272$2,007$1,185$679$381$205
43 years$3,160$1,912$1,112$627$346$182
44 years$3,054$1,822$1,044$579$314$162
45 years$2,952$1,738$980$535$285$145
46 years$2,855$1,658$920$494$259$129
47 years$2,763$1,582$865$456$235$115
48 years$2,674$1,510$813$422$213$103
49 years$2,590$1,442$764$390$194$92
50 years$2,509$1,378$718$360$176$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,570,000, adding $4,917 every year, while hoping to spend $30,188 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: 58/20/22 Blend
52$2,570,000$2,570,000$2,570,000$2,570,000
53$2,837,212$2,701,002$2,661,167$2,984,785
54$3,094,488$2,801,231$2,718,196$3,186,059
55$3,376,994$2,905,360$2,776,124$3,401,720
56$3,687,272$3,013,547$2,834,949$3,636,190
57$4,028,122$3,125,959$2,894,668$3,891,292
58$4,402,628$3,242,769$2,955,277$4,169,034
59$4,814,189$3,364,157$3,016,772$4,471,623
60$5,266,547$3,490,312$3,079,144$4,801,492
61$5,763,827$3,621,430$3,142,388$5,161,315
62$6,310,573$3,757,715$3,206,493$5,554,037
63$6,911,789$3,899,381$3,271,449$5,982,900
64$7,572,993$4,046,652$3,337,244$6,451,474
65$8,300,259$4,199,759$3,403,862$6,963,688
66$9,100,284$4,358,945$3,471,290$7,523,868
67$9,980,443$4,524,464$3,539,508$8,136,780
68$10,948,864$4,696,578$3,608,498$8,807,667
69$12,014,502$4,875,565$3,678,236$9,542,307
70$13,187,225$5,061,710$3,748,700$10,347,062
71$14,477,903$5,255,315$3,819,863$11,228,937
72$15,898,515$5,456,693$3,891,695$12,195,649
73$17,462,263$5,666,169$3,964,166$13,255,694
74$19,183,688$5,884,086$4,037,240$14,418,434
75$21,078,818$6,110,800$4,110,881$15,694,177
76$23,165,310$6,346,682$4,185,048$17,094,279
77$25,462,623$6,592,121$4,259,699$18,631,248
78$27,992,197$6,847,521$4,334,785$20,318,864
79$30,777,658$7,113,306$4,410,257$22,172,303
80$33,845,038$7,389,918$4,486,060$24,208,286
81$37,223,026$7,677,817$4,562,137$26,445,232
82$40,943,230$7,977,486$4,638,424$28,903,433
83$45,040,485$8,289,428$4,714,856$31,605,242
84$49,553,172$8,614,168$4,791,362$34,575,286
85$54,523,588$8,952,254$4,867,864$37,840,698
86$59,998,340$9,304,261$4,944,284$41,431,369
87$66,028,787$9,670,786$5,020,534$45,380,232
88$72,671,524$10,052,455$5,096,523$49,723,570
89$79,988,916$10,449,922$5,172,153$54,501,361
90$88,049,687$10,863,869$5,247,321$59,757,649
91$96,929,565$11,295,010$5,321,917$65,540,962
92$106,712,004$11,744,088$5,395,824$71,904,770
93$117,488,964$12,211,884$5,468,920$78,907,986
94$129,361,783$12,699,210$5,541,073$86,615,522
95$142,442,130$13,206,918$5,612,144$95,098,900
96$156,853,065$13,735,894$5,681,988$104,436,928
97$172,730,192$14,287,068$5,750,450$114,716,440
98$190,222,948$14,861,410$5,817,366$126,033,114
99$209,496,004$15,459,934$5,882,563$138,492,377
100$230,730,827$16,083,701$5,945,860$152,210,396