Can I retire at age 53 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$208,925$207,064$205,248$203,476$201,746$199,307
2 years$103,428$101,502$99,635$97,825$96,069$93,615
3 years$68,267$66,333$64,471$62,677$60,950$58,557
4 years$50,690$48,762$46,918$45,156$43,470$41,156
5 years$40,147$38,230$36,410$34,684$33,045$30,817
6 years$33,120$31,217$29,425$27,737$26,148$24,008
7 years$28,103$26,216$24,452$22,804$21,265$19,215
8 years$24,342$22,472$20,737$19,130$17,641$15,680
9 years$21,418$19,566$17,861$16,294$14,857$12,984
10 years$19,080$17,247$15,572$14,046$12,659$10,873
11 years$17,169$15,354$13,709$12,224$10,887$9,187
12 years$15,577$13,781$12,167$10,722$9,434$7,818
13 years$14,232$12,454$10,870$9,466$8,227$6,692
14 years$13,079$11,320$9,767$8,403$7,212$5,756
15 years$12,081$10,341$8,818$7,494$6,350$4,971
16 years$11,209$9,488$7,995$6,710$5,612$4,308
17 years$10,440$8,738$7,275$6,029$4,976$3,744
18 years$9,757$8,074$6,641$5,433$4,424$3,262
19 years$9,147$7,483$6,080$4,909$3,943$2,848
20 years$8,599$6,954$5,580$4,446$3,522$2,491
21 years$8,103$6,477$5,132$4,035$3,152$2,182
22 years$7,653$6,046$4,730$3,669$2,825$1,914
23 years$7,243$5,655$4,367$3,342$2,536$1,681
24 years$6,868$5,298$4,039$3,048$2,280$1,478
25 years$6,523$4,972$3,741$2,783$2,051$1,301
26 years$6,205$4,673$3,470$2,545$1,848$1,146
27 years$5,911$4,398$3,222$2,329$1,666$1,009
28 years$5,639$4,144$2,995$2,134$1,503$890
29 years$5,386$3,909$2,787$1,957$1,357$785
30 years$5,150$3,692$2,596$1,796$1,226$693
31 years$4,930$3,490$2,420$1,650$1,109$612
32 years$4,724$3,302$2,258$1,516$1,003$541
33 years$4,531$3,127$2,109$1,394$908$478
34 years$4,350$2,964$1,970$1,283$822$422
35 years$4,179$2,811$1,842$1,181$744$373
36 years$4,018$2,668$1,723$1,088$674$330
37 years$3,867$2,534$1,613$1,002$611$292
38 years$3,723$2,409$1,510$924$554$258
39 years$3,587$2,290$1,415$852$503$229
40 years$3,459$2,179$1,326$785$456$202
41 years$3,337$2,074$1,244$725$414$179
42 years$3,221$1,975$1,167$669$375$158
43 years$3,111$1,882$1,095$617$341$140
44 years$3,006$1,794$1,027$570$309$124
45 years$2,906$1,711$965$526$281$110
46 years$2,811$1,632$906$486$255$97
47 years$2,720$1,558$851$449$231$86
48 years$2,633$1,487$800$415$210$76
49 years$2,550$1,420$752$384$191$67
50 years$2,470$1,356$707$355$173$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,530,000, adding $4,905 every year, while hoping to spend $32,291 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: 58/33/9 Blend
52$2,530,000$2,530,000$2,530,000$2,530,000
53$2,793,120$2,659,030$2,619,815$2,949,012
54$3,043,660$2,754,965$2,673,221$3,150,413
55$3,318,674$2,854,518$2,727,334$3,365,772
56$3,620,623$2,957,834$2,782,144$3,599,716
57$3,952,219$3,065,060$2,837,638$3,854,029
58$4,316,450$3,176,353$2,893,804$4,130,675
59$4,716,607$3,291,873$2,950,626$4,431,810
60$5,156,317$3,411,791$3,008,087$4,759,811
61$5,639,573$3,536,281$3,066,171$5,117,288
62$6,170,777$3,665,526$3,124,855$5,507,117
63$6,754,777$3,799,717$3,184,118$5,932,461
64$7,396,914$3,939,053$3,243,935$6,396,799
65$8,103,073$4,083,741$3,304,281$6,903,963
66$8,879,738$4,233,996$3,365,126$7,458,168
67$9,734,053$4,390,043$3,426,439$8,064,057
68$10,673,888$4,552,117$3,488,187$8,726,738
69$11,707,916$4,720,461$3,550,332$9,451,834
70$12,845,691$4,895,332$3,612,836$10,245,538
71$14,097,742$5,076,993$3,675,656$11,114,667
72$15,475,668$5,265,722$3,738,747$12,066,727
73$16,992,251$5,461,808$3,802,060$13,109,982
74$18,661,575$5,665,550$3,865,543$14,253,534
75$20,499,157$5,877,264$3,929,141$15,507,406
76$22,522,097$6,097,276$3,992,793$16,882,633
77$24,749,236$6,325,927$4,056,436$18,391,370
78$27,201,334$6,563,574$4,120,003$20,047,005
79$29,901,268$6,810,587$4,183,421$21,864,281
80$32,874,245$7,067,354$4,246,614$23,859,436
81$36,148,042$7,334,278$4,309,499$26,050,357
82$39,753,266$7,611,781$4,371,991$28,456,743
83$43,723,644$7,900,303$4,433,997$31,100,297
84$48,096,340$8,200,302$4,495,421$34,004,922
85$52,912,307$8,512,257$4,556,157$37,196,949
86$58,216,671$8,836,667$4,616,098$40,705,385
87$64,059,161$9,174,054$4,675,127$44,562,183
88$70,494,574$9,524,960$4,733,122$48,802,545
89$77,583,292$9,889,955$4,789,953$53,465,250
90$85,391,855$10,269,629$4,845,483$58,593,019
91$93,993,585$10,664,603$4,899,568$64,232,919
92$103,469,283$11,075,520$4,952,056$70,436,802
93$113,907,985$11,503,056$5,002,785$77,261,797
94$125,407,807$11,947,913$5,051,586$84,770,843
95$138,076,869$12,410,826$5,098,279$93,033,284
96$152,034,315$12,892,563$5,142,677$102,125,520
97$167,411,439$13,393,922$5,184,581$112,131,728
98$184,352,923$13,915,742$5,223,782$123,144,653
99$203,018,203$14,458,894$5,260,060$135,266,482
100$223,582,971$15,024,292$5,293,183$148,609,807