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%14.5%
1 years$213,054$211,156$209,305$207,497$205,733$201,909
2 years$105,472$103,508$101,604$99,758$97,968$94,130
3 years$69,616$67,644$65,745$63,916$62,155$58,422
4 years$51,692$49,725$47,845$46,048$44,329$40,731
5 years$40,940$38,985$37,130$35,369$33,699$30,244
6 years$33,775$31,834$30,006$28,285$26,664$23,358
7 years$28,658$26,734$24,936$23,255$21,685$18,528
8 years$24,823$22,916$21,147$19,508$17,990$14,981
9 years$21,841$19,953$18,214$16,616$15,150$12,288
10 years$19,457$17,587$15,880$14,323$12,909$10,190
11 years$17,508$15,657$13,980$12,466$11,102$8,524
12 years$15,885$14,053$12,407$10,934$9,621$7,180
13 years$14,513$12,700$11,085$9,653$8,389$6,082
14 years$13,338$11,544$9,960$8,569$7,354$5,175
15 years$12,320$10,545$8,992$7,642$6,475$4,421
16 years$11,430$9,675$8,153$6,843$5,723$3,789
17 years$10,646$8,910$7,419$6,148$5,074$3,256
18 years$9,950$8,234$6,772$5,541$4,512$2,804
19 years$9,328$7,631$6,200$5,006$4,021$2,419
20 years$8,769$7,091$5,690$4,534$3,592$2,091
21 years$8,263$6,605$5,234$4,115$3,214$1,810
22 years$7,804$6,166$4,824$3,742$2,881$1,568
23 years$7,386$5,766$4,454$3,408$2,586$1,361
24 years$7,003$5,403$4,119$3,108$2,325$1,181
25 years$6,652$5,070$3,815$2,838$2,092$1,026
26 years$6,328$4,765$3,538$2,595$1,884$893
27 years$6,028$4,485$3,285$2,375$1,699$777
28 years$5,750$4,226$3,054$2,176$1,533$676
29 years$5,492$3,987$2,842$1,996$1,384$589
30 years$5,252$3,765$2,647$1,832$1,251$513
31 years$5,027$3,559$2,468$1,682$1,131$447
32 years$4,817$3,368$2,303$1,546$1,023$389
33 years$4,620$3,189$2,150$1,422$926$340
34 years$4,436$3,023$2,009$1,308$838$296
35 years$4,262$2,867$1,878$1,204$759$258
36 years$4,098$2,721$1,757$1,109$688$225
37 years$3,943$2,584$1,645$1,022$623$197
38 years$3,797$2,456$1,540$942$565$172
39 years$3,658$2,336$1,443$868$512$150
40 years$3,527$2,222$1,352$801$465$131
41 years$3,403$2,115$1,268$739$422$114
42 years$3,285$2,014$1,190$682$383$100
43 years$3,172$1,919$1,116$630$347$87
44 years$3,065$1,830$1,048$581$315$76
45 years$2,963$1,745$984$537$286$66
46 years$2,866$1,664$924$496$260$58
47 years$2,774$1,588$868$458$236$51
48 years$2,685$1,516$816$423$214$44
49 years$2,600$1,448$767$391$195$39
50 years$2,519$1,383$721$362$177$34

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 $6,559 every year, while hoping to spend $27,062 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: 39/45/16 Blend
52$2,580,000$2,580,000$2,580,000$2,580,000
53$2,849,926$2,713,186$2,673,196$2,947,185
54$3,111,824$2,817,338$2,733,954$3,121,345
55$3,399,530$2,925,687$2,795,841$3,306,436
56$3,715,645$3,038,409$2,858,865$3,505,991
57$4,063,040$3,155,690$2,923,036$3,721,333
58$4,444,873$3,277,722$2,988,360$3,953,911
59$4,864,626$3,404,706$3,054,847$4,205,319
60$5,326,135$3,536,854$3,122,501$4,477,306
61$5,833,626$3,674,385$3,191,330$4,771,791
62$6,391,754$3,817,528$3,261,337$5,090,886
63$7,005,648$3,966,522$3,332,527$5,436,908
64$7,680,960$4,121,618$3,404,904$5,812,406
65$8,423,918$4,283,076$3,478,467$6,220,178
66$9,241,381$4,451,171$3,553,220$6,663,303
67$10,140,910$4,626,186$3,629,160$7,145,165
68$11,130,833$4,808,420$3,706,288$7,669,482
69$12,220,328$4,998,183$3,784,599$8,240,347
70$13,419,508$5,195,800$3,864,089$8,862,257
71$14,739,514$5,401,610$3,944,752$9,540,160
72$16,192,624$5,615,968$4,026,581$10,279,500
73$17,792,366$5,839,245$4,109,566$11,086,264
74$19,553,647$6,071,828$4,193,695$11,967,039
75$21,492,892$6,314,120$4,278,957$12,929,075
76$23,628,200$6,566,545$4,365,335$13,980,345
77$25,979,515$6,829,545$4,452,813$15,129,628
78$28,568,813$7,103,580$4,541,370$16,386,583
79$31,420,311$7,389,134$4,630,984$17,761,843
80$34,560,692$7,686,711$4,721,632$19,267,108
81$38,019,360$7,996,838$4,813,284$20,915,262
82$41,828,717$8,320,065$4,905,911$22,720,484
83$46,024,467$8,656,969$4,999,480$24,698,387
84$50,645,954$9,008,151$5,093,954$26,866,157
85$55,736,532$9,374,242$5,189,292$29,242,719
86$61,343,978$9,755,899$5,285,453$31,848,909
87$67,520,936$10,153,810$5,382,388$34,707,669
88$74,325,419$10,568,695$5,480,046$37,844,265
89$81,821,357$11,001,306$5,578,372$41,286,517
90$90,079,194$11,452,429$5,677,307$45,065,064
91$99,176,561$11,922,887$5,776,786$49,213,645
92$109,199,002$12,413,540$5,876,740$53,769,423
93$120,240,784$12,925,288$5,977,094$58,773,324
94$132,405,788$13,459,071$6,077,771$64,270,424
95$145,808,486$14,015,874$6,178,684$70,310,372
96$160,575,025$14,596,725$6,279,743$76,947,854
97$176,844,414$15,202,700$6,380,851$84,243,106
98$194,769,839$15,834,927$6,481,904$92,262,479
99$214,520,107$16,494,583$6,582,793$101,079,061
100$236,281,240$17,182,900$6,683,399$110,773,364