Can I retire at age 53 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$213,054$211,156$209,305$207,497$205,733$200,759
2 years$105,472$103,508$101,604$99,758$97,968$92,987
3 years$69,616$67,644$65,745$63,916$62,155$57,322
4 years$51,692$49,725$47,845$46,048$44,329$39,682
5 years$40,940$38,985$37,130$35,369$33,699$29,250
6 years$33,775$31,834$30,006$28,285$26,664$22,419
7 years$28,658$26,734$24,936$23,255$21,685$17,643
8 years$24,823$22,916$21,147$19,508$17,990$14,150
9 years$21,841$19,953$18,214$16,616$15,150$11,509
10 years$19,457$17,587$15,880$14,323$12,909$9,462
11 years$17,508$15,657$13,980$12,466$11,102$7,845
12 years$15,885$14,053$12,407$10,934$9,621$6,548
13 years$14,513$12,700$11,085$9,653$8,389$5,495
14 years$13,338$11,544$9,960$8,569$7,354$4,632
15 years$12,320$10,545$8,992$7,642$6,475$3,918
16 years$11,430$9,675$8,153$6,843$5,723$3,325
17 years$10,646$8,910$7,419$6,148$5,074$2,828
18 years$9,950$8,234$6,772$5,541$4,512$2,411
19 years$9,328$7,631$6,200$5,006$4,021$2,059
20 years$8,769$7,091$5,690$4,534$3,592$1,761
21 years$8,263$6,605$5,234$4,115$3,214$1,508
22 years$7,804$6,166$4,824$3,742$2,881$1,293
23 years$7,386$5,766$4,454$3,408$2,586$1,109
24 years$7,003$5,403$4,119$3,108$2,325$952
25 years$6,652$5,070$3,815$2,838$2,092$818
26 years$6,328$4,765$3,538$2,595$1,884$704
27 years$6,028$4,485$3,285$2,375$1,699$605
28 years$5,750$4,226$3,054$2,176$1,533$521
29 years$5,492$3,987$2,842$1,996$1,384$448
30 years$5,252$3,765$2,647$1,832$1,251$386
31 years$5,027$3,559$2,468$1,682$1,131$333
32 years$4,817$3,368$2,303$1,546$1,023$287
33 years$4,620$3,189$2,150$1,422$926$247
34 years$4,436$3,023$2,009$1,308$838$213
35 years$4,262$2,867$1,878$1,204$759$184
36 years$4,098$2,721$1,757$1,109$688$158
37 years$3,943$2,584$1,645$1,022$623$136
38 years$3,797$2,456$1,540$942$565$118
39 years$3,658$2,336$1,443$868$512$101
40 years$3,527$2,222$1,352$801$465$87
41 years$3,403$2,115$1,268$739$422$75
42 years$3,285$2,014$1,190$682$383$65
43 years$3,172$1,919$1,116$630$347$56
44 years$3,065$1,830$1,048$581$315$48
45 years$2,963$1,745$984$537$286$42
46 years$2,866$1,664$924$496$260$36
47 years$2,774$1,588$868$458$236$31
48 years$2,685$1,516$816$423$214$27
49 years$2,600$1,448$767$391$195$23
50 years$2,519$1,383$721$362$177$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,580,000, adding $2,455 every year, while hoping to spend $51,912 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: 50/41/9 Blend
52$2,580,000$2,580,000$2,580,000$2,580,000
53$2,845,692$2,708,952$2,668,962$2,981,136
54$3,080,719$2,786,457$2,703,139$3,151,429
55$3,337,978$2,866,020$2,736,720$3,330,651
56$3,619,684$2,947,686$2,769,632$3,524,188
57$3,928,272$3,031,503$2,801,794$3,733,398
58$4,266,426$3,117,517$2,833,125$3,959,771
59$4,637,103$3,205,777$2,863,536$4,204,948
60$5,043,557$3,296,329$2,892,934$4,470,734
61$5,489,373$3,389,223$2,921,221$4,759,118
62$5,978,501$3,484,507$2,948,294$5,072,287
63$6,515,290$3,582,230$2,974,044$5,412,648
64$7,104,532$3,682,441$2,998,356$5,782,852
65$7,751,504$3,785,190$3,021,111$6,185,817
66$8,462,019$3,890,527$3,042,180$6,624,756
67$9,242,483$3,998,501$3,061,431$7,103,208
68$10,099,951$4,109,161$3,078,723$7,625,068
69$11,042,194$4,222,558$3,093,909$8,194,627
70$12,077,776$4,338,741$3,106,832$8,816,609
71$13,216,129$4,457,760$3,117,331$9,496,218
72$14,467,646$4,579,662$3,125,234$10,239,187
73$15,843,777$4,704,497$3,130,361$11,051,828
74$17,357,138$4,832,313$3,132,523$11,941,095
75$19,021,626$4,963,156$3,131,522$12,914,649
76$20,852,555$5,097,073$3,127,151$13,980,928
77$22,866,796$5,234,111$3,119,192$15,149,228
78$25,082,939$5,374,312$3,107,414$16,429,789
79$27,521,466$5,517,721$3,091,580$17,833,895
80$30,204,945$5,664,379$3,071,438$19,373,975
81$33,158,242$5,814,326$3,046,724$21,063,722
82$36,408,756$5,967,601$3,017,162$22,918,226
83$39,986,676$6,124,240$2,982,464$24,954,108
84$43,925,267$6,284,278$2,942,326$27,189,686
85$48,261,183$6,447,746$2,896,433$29,645,140
86$53,034,811$6,614,673$2,844,451$32,342,705
87$58,290,656$6,785,086$2,786,034$35,306,882
88$64,077,755$6,959,008$2,720,818$38,564,669
89$70,450,144$7,136,457$2,648,424$42,145,811
90$77,467,365$7,317,450$2,568,452$46,083,086
91$85,195,029$7,501,998$2,480,488$50,412,612
92$93,705,433$7,690,107$2,384,096$55,174,189
93$103,078,245$7,881,780$2,278,820$60,411,672
94$113,401,251$8,077,012$2,164,186$66,173,385
95$124,771,188$8,275,796$2,039,696$72,512,582
96$137,294,654$8,478,114$1,904,831$79,487,942
97$151,089,113$8,683,946$1,759,046$87,164,129
98$166,284,004$8,893,260$1,601,776$95,612,399
99$183,021,964$9,106,022$1,432,427$104,911,274
100$201,460,170$9,322,183$1,250,380$115,147,282