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

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$213,054$211,156$209,305$207,497$205,733$197,961
2 years$105,472$103,508$101,604$99,758$97,968$90,228
3 years$69,616$67,644$65,745$63,916$62,155$54,691
4 years$51,692$49,725$47,845$46,048$44,329$37,198
5 years$40,940$38,985$37,130$35,369$33,699$26,918
6 years$33,775$31,834$30,006$28,285$26,664$20,239
7 years$28,658$26,734$24,936$23,255$21,685$15,614
8 years$24,823$22,916$21,147$19,508$17,990$12,267
9 years$21,841$19,953$18,214$16,616$15,150$9,767
10 years$19,457$17,587$15,880$14,323$12,909$7,855
11 years$17,508$15,657$13,980$12,466$11,102$6,367
12 years$15,885$14,053$12,407$10,934$9,621$5,193
13 years$14,513$12,700$11,085$9,653$8,389$4,256
14 years$13,338$11,544$9,960$8,569$7,354$3,501
15 years$12,320$10,545$8,992$7,642$6,475$2,889
16 years$11,430$9,675$8,153$6,843$5,723$2,391
17 years$10,646$8,910$7,419$6,148$5,074$1,982
18 years$9,950$8,234$6,772$5,541$4,512$1,646
19 years$9,328$7,631$6,200$5,006$4,021$1,369
20 years$8,769$7,091$5,690$4,534$3,592$1,140
21 years$8,263$6,605$5,234$4,115$3,214$950
22 years$7,804$6,166$4,824$3,742$2,881$793
23 years$7,386$5,766$4,454$3,408$2,586$662
24 years$7,003$5,403$4,119$3,108$2,325$553
25 years$6,652$5,070$3,815$2,838$2,092$462
26 years$6,328$4,765$3,538$2,595$1,884$386
27 years$6,028$4,485$3,285$2,375$1,699$323
28 years$5,750$4,226$3,054$2,176$1,533$270
29 years$5,492$3,987$2,842$1,996$1,384$226
30 years$5,252$3,765$2,647$1,832$1,251$189
31 years$5,027$3,559$2,468$1,682$1,131$158
32 years$4,817$3,368$2,303$1,546$1,023$132
33 years$4,620$3,189$2,150$1,422$926$111
34 years$4,436$3,023$2,009$1,308$838$93
35 years$4,262$2,867$1,878$1,204$759$78
36 years$4,098$2,721$1,757$1,109$688$65
37 years$3,943$2,584$1,645$1,022$623$54
38 years$3,797$2,456$1,540$942$565$46
39 years$3,658$2,336$1,443$868$512$38
40 years$3,527$2,222$1,352$801$465$32
41 years$3,403$2,115$1,268$739$422$27
42 years$3,285$2,014$1,190$682$383$22
43 years$3,172$1,919$1,116$630$347$19
44 years$3,065$1,830$1,048$581$315$16
45 years$2,963$1,745$984$537$286$13
46 years$2,866$1,664$924$496$260$11
47 years$2,774$1,588$868$458$236$9
48 years$2,685$1,516$816$423$214$8
49 years$2,600$1,448$767$391$195$6
50 years$2,519$1,383$721$362$177$5

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 $5,556 every year, while hoping to spend $36,874 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: 40/48/12 Blend
52$2,580,000$2,580,000$2,580,000$2,580,000
53$2,848,891$2,712,151$2,672,161$2,952,423
54$3,100,244$2,805,813$2,722,445$3,119,689
55$3,376,000$2,902,828$2,773,177$3,296,468
56$3,678,607$3,003,322$2,824,334$3,486,890
57$4,010,766$3,107,426$2,875,890$3,692,207
58$4,375,449$3,215,274$2,927,817$3,913,796
59$4,775,930$3,327,008$2,980,084$4,153,166
60$5,215,817$3,442,773$3,032,659$4,411,977
61$5,699,083$3,562,723$3,085,507$4,692,054
62$6,230,108$3,687,014$3,138,589$4,995,401
63$6,813,713$3,815,812$3,191,866$5,324,222
64$7,455,212$3,949,287$3,245,294$5,680,940
65$8,160,459$4,087,617$3,298,826$6,068,219
66$8,935,902$4,230,987$3,352,414$6,488,989
67$9,788,648$4,379,589$3,406,003$6,946,472
68$10,726,524$4,533,623$3,459,539$7,444,213
69$11,758,156$4,693,297$3,512,959$7,986,111
70$12,893,046$4,858,827$3,566,202$8,576,456
71$14,141,666$5,030,438$3,619,198$9,219,968
72$15,515,550$5,208,364$3,671,876$9,921,842
73$17,027,411$5,392,849$3,724,159$10,687,794
74$18,691,254$5,584,146$3,775,965$11,524,114
75$20,522,511$5,782,518$3,827,209$12,437,729
76$22,538,185$5,988,240$3,877,799$13,436,260
77$24,757,014$6,201,597$3,927,638$14,528,097
78$27,199,640$6,422,886$3,976,626$15,722,478
79$29,888,813$6,652,418$4,024,652$17,029,574
80$32,849,599$6,890,512$4,071,604$18,460,580
81$36,109,616$7,137,506$4,117,362$20,027,825
82$39,699,300$7,393,747$4,161,796$21,744,886
83$43,652,187$7,659,598$4,204,774$23,626,712
84$48,005,230$7,935,439$4,246,154$25,689,764
85$52,799,150$8,221,661$4,285,787$27,952,172
86$58,078,817$8,518,677$4,323,515$30,433,903
87$63,893,676$8,826,912$4,359,173$33,156,945
88$70,298,212$9,146,812$4,392,586$36,145,519
89$77,352,463$9,478,839$4,423,570$39,426,300
90$85,122,588$9,823,476$4,451,934$43,028,671
91$93,681,491$10,181,225$4,477,473$46,984,995
92$103,109,510$10,552,612$4,499,975$51,330,923
93$113,495,170$10,938,179$4,519,214$56,105,723
94$124,936,024$11,338,498$4,534,955$61,352,656
95$137,539,573$11,754,158$4,546,950$67,119,373
96$151,424,276$12,185,779$4,554,940$73,458,372
97$166,720,673$12,634,002$4,558,651$80,427,484
98$183,572,612$13,099,499$4,557,796$88,090,420
99$202,138,611$13,582,968$4,552,075$96,517,370
100$222,593,353$14,085,136$4,541,173$105,785,661